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2023 COLA is 8.7% – Largest increase in 40 years

HUD: 2023 COLA Announcement Cost of Living Adjustment for 2023 – 8.7% Thursday, October 13, 2022 – Today the Social Security Administration announced that the Cost of Living Adjustment (COLA) for 2023, which apply to Social Security (SS), Supplemental...

HUD Issues Notice 5 – Year Section 202 PRAC Renewals

HUD: Updated PRAC Renewals PRAC Contracts Extending from 1 to 5 – Year Terms HUD’s Office of Multifamily Housing Programs published a Notice that they will be increasing the standard Section 202 Project Rental Assistance Contracts (PRAC) renewal term to five-years...