HUD has released PIH Notice 2022-33 (HA), which updates guidance for flat rents and flat rent exception requests in public housing. PHAs can request to set flat rents lower than 80% of the Fair Market Rent or Small Area Fair Market Rent if they submit a market analysis and HUD concurs that PHAs should lower rents. This guidance covers applying for and extending flat rent exceptions, program compliance, phasing in flat rents, and rent options for families.
Additionally, HUD has published PIH Notice 2022-34. This notice updates the prior 2019 guidance on the Rate Reduction Incentive program (RRI) in public housing and several related utility and Operating Fund programs. The RRI allows PHAs to retain a portion of cost savings from specific types of practices that decrease utility rates. The notice modifies and makes additions to RRI eligibility, request, and calculation processes. It also describes program requirements for participating PHAs.