NLHA June 2024 Membership Meeting: Panel Discussion and Presentation
John Doyle, MAI presented on a panel entitled "Preservation Transactions" at NLHA's 52nd Annual Membership Meeting. Doyle Advisors is a Sustaining Member of NLHA and Mr. Doyle is a regular presenter.
This year, John Doyle dove into the dramatic impact that HUD's decision regarding 3rd Party Rent Study tests has had on the number that are ordered. We examined our own data and concluded that there was an exponential impact on the number of 3rd Party Rent Studies that are ordered, due to a higher threshold test.
In other words, fewer Rent Studies are flagged by HUD and are therefore approved with higher rents than under the 140% Zip Code Median Rent test.
Additionally, John Doyle spoke on the impact of Utility Allowance Schedules in contrast to true utility costs as we have benchmarked in Rent Studies.