The U.S. Department of Energy forecasts a three-year high in 2022 for average residential utility costs across the U.S. that may affect families who pay for some or all of their household’s utility bills.
Who is affected by rising utility costs?
Rapidly rising utility costs, especially for heat, may impact residents of Multifamily-assisted properties who are responsible for paying for some or all the household’s utility bills.
What should owners/agents do?
Owners of Multifamily-assisted properties for which HUD provides a utility allowance are reminded they are required to adjust their properties’ utility allowances every year at the time of the annual and special adjustments of contract rents.
HUD's Office of Multifamily Housing has developed a flyer with helpful resources for owners and agents of multifamily properties to maintain compliance with HUD’s utility allowance calculation requirements and to improve energy efficiency.
Click here to learn more.