Address:
2021 OCAF Adjustment When rounded to 8.8%, that is still the highest rent inflation rate in 40 years, but as the, monthly growth rate stays comfortably below 7%. Ask a basic policy or reporting system question. Management Bulletin 518 (2/11/2021) Tina Kotek's desk for final approval. IDHR General, Fair Housing Training and Development That brings the typical rent price nationwide to $2,048, or 4.8% higher than one year ago, continuing a steady slowdown in annual growth rates ever since the record-high growth rate of 17% observed in February 2022. That brings the typical rent price nationwide to $2,048, or 4.8% higher than one year ago, continuing a steady slowdown in annual growth rates ever since the record-high HUD uses an inflation forecast from the Congres sional Budget Office (CBO) in updating These limits are effective for the HOME Investment Partnerships Program (HOME) on April 7, 2023, until such date that the basic statutory mortgage limits for Multifamily Housing Programs for calendar year 2024 are published in the Federal Register. As a general rule, to determine the occupancy for a house, you can use the 2+1 rule. The HHFDC is implementing processes for compliance monitoring for the safety of residents, affordable housing partners, staff and consultants during the COVID-19 Pandemic. 2022 Clever Real Estate. Additional information on the rental application process will be posted when available. The home buying process is easy if you have a professional walk you through the process. The most expensive major market is San Jose, where typical monthly rent is $3,355, followed by New York ($3,336), San Francisco ($3,151), San Diego ($3,097), and Boston ($3,026). We compared data from May 2022 and May 2023 that was smoothed and seasonally adjusted for all homes plus multifamilies. WebEffective date: 5/15/2023 The Office of Housing's home repair program has different income eligibility thresholds depending on whether the assistance is a grant or a loan. The 2023 HTF income limits have been published.
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WebThe attached briefing materials detail Californias 2023 Income Limits and were updated based on: (1) changes to income limits the U.S. Department of Housing and Urban Development (HUD) released on May 15, 2023, for its Public Housing, Section 8, Section 202 and Section 811 programs and (2) adjustments HCD made based on State statutory WebHUD Fair Market Rents - 2023 HUD Small Area FMRs - 2023 Effective 01/01/2023 Utility Allowance Schedules For Counties: Service Area 1 Detached House/Single Family Apartments If you have a month-to-month lease, you need to give your tenant at least In North Carolina, landlords are permitted to charge up to $25 for rent payments that get returned due to insufficient funds. Read on to learn the occupancy rules and whether a landlord can limit the number of people living in a particular house. Management Bulletin 547 Updated (9/13/2022) Capital Bill Preservation Program Long-Term Monitoring and Webinar Invitation Last months encouraging pause in the annual growth rate of the Rent of Primary Residence component of the Consumer Price Index (CPI) continued in April, as annual growth just barely ticked down from 8.81 to 8.80%. Management Bulletin 492 (3/11/2020) HOME COVID-19 Waivers Management Bulletin 506 (8/4/2020) LIHTC Program Regulatory Relief. If the tenant doesnt do either after the end of the 10 days, you can move to court and file for their, What to Include in a Lease's Rent Increase Clause. Senate Bill 611 attempts to make a similar increase less possible. Find out about occupancy limits for homes. Limits may be found below under Income Limits on our Hawaii state page. Each bedroom can hold two people plus one additional occupant. If your tenant fails to pay it when due, you can charge them a late fee when it's five days overdue. Rent is the bread and butter of your rental investment. Management Bulletin 504 (6/30/2020) 2020 Income / Rent Limits for HOME, HTF, NSP Programs. Join Clever's partnership program. As a general rule, to determine the occupancy for a house, you can use the 2+1 rule. Email: Housing@seattle.gov, Sign up for the latest updates from Housing. Management Bulletin 496 (4/16/2020) In North Carolina, landlords are permitted to charge up to $25 for rent payments that get returned due to insufficient funds. If the tenant doesnt do either after the end of the 10 days, you can move to court and file for their The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. RHS Documentation Submission Updates Complete data was available for 1,836 U.S. cities. Email: Housing@seattle.gov, Sign up for the latest updates from Housing. IHDA and its Asset Management department are excited to announce the 2023 Compliance Connection resource portal which outlines annual compliance requirements and options for our valued partners property owners and managers. Management Bulletin 535 (1/28/2022) This is because you can only increase the rent after the lease expires, so the 'notice' would just be the new rent price included in the new lease. , such as cash, money order, check, et cetera. Still, though, most landlords realize the importance of charging their tenants a fair and reasonable rent. On a year-over-year basis, rents are down 1.4% in Las Vegas, and have increased the least in Phoenix (0.4%), Austin (0.8%), Salt Lake City (1.5%), and Sacramento (1.6%). The weakest year-over-year rent growth can mostly be found out west. Horry County is the designated lead agency for the Consortium. Due to the discontinuation of the Section 221(d)(3) mortgage insurance program, alternate maximum per-unit subsidy limits must be used for the HOME Program. PO Box 94725, Seattle, WA , 98124-4725
Still, it increased over 37% ($450 per month) since the same time in 2022. At some point in your career, you'll need to hike it in order to meet your financial obligations and turn a profit. Management Bulletin 487 (2/7/2020) Effective Date: June 15, 2022 Page 4 of 9 U.S. The Fair Housing Act makes it illegal to discriminate against a tenant on the basis of protected characteristics. HUD 2020 Income Limits Please register using the link below. An NC landlord Find answers to frequently asked questions. Management Bulletin 541 (5/19/2022) Management Bulletin 530 (9/1/2021) HUD is required to undertake rulemaking to establish new maximum per-unit subsidy limits for the HOME Program because it is no longer updating and publishing limits for the Section 221(d)(3) mortgage insurance program. Please remember these are only to be used as a guide. Web2023 State HOME Program Rent Limits - Effective June 15, 2023 County Rent Category Landlords in North Carolina arent limited on how much they can charge their tenants. If use of privately owned automobile is authorized or if no Government-furnished Courtesy Reminder: DMS Online User Access USDA loan limits by county may be higher to account for cost of living. North Carolina rent increase laws also require that you wait until rent is 5 days late to impose it. Management Bulletin 525 (6/7/2021) 5-15-2023) Revised USDA-eligible Occupancy is also reliant on the square footage of the house, the sewage system limitations, and the age of the occupants. Examples of these rights include the right to: Another instance is when the rent raise is discriminatory. Tina Kotek for her signature. January 1, 2023. Management Bulletin 552 (11/3/2022) Management Bulletin 519 (3/11/2021) The HOMEfires provides guidance on if HUD will allow a PJ that is not listed on the published list of "Base City High Cost Percentages" to use the high-cost percentage of its HUD Multifamily Hub to determine the maximum per-unit subsidy limits for HOME. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. Management Bulletin 534 (1/28/2022) Correction: 2023 Compliance Connection, On-Site Compliance Monitoring Reviews Resume May 1, 2023, Notification Regarding Property Emergencies, The VAWA Reauthorization Act of 2022 (VAWA 2022), Updated Combined LIHTC HOME Manual Release, COVID-19 Antigen Test Kit Ordering Portal for Section 202 Housing for the Elderly, 2022 Management Bulletins Cook County Assessors Real Property Income & Expense (RPIE) Data Tool LIHTC Program Regulatory Relief At least 20% of the units in an MHP-financed project must be affordable to households earning no more than 50% of the area median income, or at least Capital Bill Preservation Program Long-Term Monitoring and Webinar Invitation Management Bulletin 512 (1/14/2021) However, this applies only if you haven't specified otherwise in your lease. WebThe PHA determines a payment standard that is between 90 percent and 110 percent of the Fair Market Rents (FMRs). Contact our experts in investment properties who work with Clever Real Estate. That difference is minuscule on its own, but as the eighth consecutive month with below-average monthly growth, it makes one more point in a trend. 7 days' notice before raising the rent. WebHOMELIHTCUtilities Effective Dates6/15/20235/15/20231/1/2023 HOME INCOME LIMITS by HOUSEHOLD SIZE 50% - as published by HUD60% - calculated as 1.2 times HUD published 2020 Income / Rent Limits for HOME, HTF, NSP Programs Learn about what HUD grantees are doing across the nation. The following are key rules your lease agreement shouldnt miss. Courtesy Notice: DMS Online Outage If your landlord has hinted that your rental home may be too crowded, it may be time to look for larger accommodations. View the 2023 Section 234 limits and guidance on the HOME maximum per-unit subsidy limits. Also, laws change and this information might no longer be up to date at the time of your reading. Management Bulletin 531 (9/1/2021) The Asset Management department works in partnership with property developers, owners, and managers as well as other funders, interagency groups, and stakeholders. Member jurisdictions of HCHC include Georgetown, Horry, and Williamsburg Counties, as well as the municipalities of Myrtle Beach, Conway, Atlantic Beach, Aynor, Loris, Georgetown, Andrews, Kingstree, Hemingway, Stuckey, Lane, and Greeleyville. Rate per mile. From screening applicants to collecting rent and handling repairs, there's no shortage of tasks to keep you busy. Management Bulletin 546 (10/3/2022) Learn through self-paced online trainings, recorded webinars, and more. Eviction Moratorium Update Orinda, CA This suburb of San Francisco is relatively pricey for rental housing the average rent is $5,411. CARES Act Eviction Moratorium HUD Model Documents Request in-depth assistance with implementing a HUD-funded program. Management Bulletin 523 (4/30/2021) FMRs, published Editors Note 6/6/2023: This post has been corrected from an earlier version, reflecting revised data. Webeffective until new income limits for 2023 are published by HUD (typically in the first week of April of 2023). Compliance Manual and Form Update Webinar. Management Bulletin 562 (4/26/2023) This law is intended to clear up issues when it comes to rent increases. This work encompasses physical, financial, and operational compliance oversight for properties that utilize a variety of financial instruments including debt, equity, and operating subsidy. Management Bulletin 490 (3/6/2020) They are effective 6/1/2021 and must be put in use immediately. Currently all Community Planning and Development (CPD) FY 2023 Income are published and can be accessed on the HUD Exchange's Income Calculator page under Horry County administers the HOME Program on behalf of the Consortium, and coordinates the planning and administration of HOME funds. Maiko Winkler-Chin, Director
Marc Wojno Updated Jun. Eviction Moratorium and COVID-19 Reopening Updates 1: Guidance on Using the Base City High Cost Percentages to Determine the Maximum Per-Unit Subsidy Limits for HOME. You must wait until the lease has ended and is being renewed in order to increase the rent. The Horry County HOME Consortium partners with local for-profit and non-profit developers, as well as community housing development organizations (CHDOs), to finance a variety of housing activities. These activities can include: The goals for the HCHC focus on increasing the availability of decent affordable housing, which includes: HOME-eligible homeowner and tenant based rental assistance projects are solicited on a semi-annual basis. North Carolina has a specific rent increase law in place. You should also specify the address where it should be delivered if it's a physical payment. hbbd``b`6)5X \J4@D-= COVID-19 Guidance on Evictions The number of people allowed in the home also depends on the square footage of the house and the septic system. Emergency Rental Assistance (ERA) Program North Carolina landlords are free to charge whatever amount of rent they see fit. Tina Kotek for her signature. Now, renters may be tightening their budgetary belts and doubling up with roommates as higher costs and lower excess savings make it less tenable to rent a place of their own. Some home buyers are concerned about purchasing a property that lies within a neighborhood with a home association, but they help protect your investment. Please check out the link below to access related information and documentation including guidance on use: Rental Compliance BDS/CDS Secure Data Transfer System User Manual, Program Administration BDS/CDS Secure Data Transfer System User Manual, LIHTC & HOME Compliance Manual for Owners and Agents, Affirmative Fair Housing Marketing Plan (AFHMP), Capital Bill Preservation Program: Limited Rehabilitation, Draw Request Signature Authorization Form, Capital Bill Preservation Program: Limited Rehabilitation Webinar Invitation, Capital Bill Preservation Program: Limited Rehabilitation Compliance Memorandum, Capital Bill Preservation Program: Limited Rehabilitation Webinar Presentation, Capital Bill Preservation Program: Limited Rehabilitation FAQs, Federally Assisted Housing Preservation Act Noticing Requirements, Notice of Intent to Terminate Subsidy under Federally Assisted Housing Preservation Act, Abbey Apartments at Four Lakes Lisle, IL, Exhibit A Single Year Schedule of Financial Performance (Excel), Audit Sample of Owner & Agent Certifications, IHDA Annual Budget Input FormandInstructions, Reserve Withdrawal Request Signature Authorization Form, W-9 Form for Direct payment or Reimbursement, Automated Clearing House (ACH) Enrollment Form for Payment Debit and Credit Including Escrow Disbursement, Insurance Requirements for IHDA Project Renewals, Tenant Profile Compliance Report (HOME, CDBG, NHTF, NSP), Section 8 Income Targeting Extremely Low-Income (30%), Ownership Structure Certification (Exhibit C), Certification of Incumbency for Document Execution Authorization, Instructions for Rent and Utility Allowance Request, AAF Rent Comparability Study (RCS) Worksheet, AAF Rent Increase Worksheet for New Construction and Substantial Rehabilitation, Appendix 3: Sample Format for Owners Certification of Compliance with the Requirements of Notice, Management Agreement Extension and Amendment, Tenant Selection Plan Other Programs Exhibits and Addendums, Tenant Selection Plan Section 8 Programs, Tenant Selection Plan Section 8 Programs Exhibits and Addendums, Tenant Selection Plan Section 8 Moderate Rehabilitation Developments, Affirmative Fair Housing Marketing Plan (AFHMP) Initial and Ongoing, Addendum to Management Plan Average Income Test Commitments, Section 8, Mod-Rehab Tenant File Guidance, HOME, NHTF, CDBG, NSP, IAHTC Tenant File Guidance, Quarterly Occupancy and Waitlist Reporting, VAWA Model Emergency Transfer Plan PDF Version, VAWA Emergency Model Transfer Plan Word Version, Acceptable Forms of Income and Asset Verification, Tax Credit Annual Compliance Fee Payment and Mailing Instructions, Program Administration and Physical Inspections (PAPI), Statewide Referral Network (SRN) & HUD Section 811 Project Rental Assistance (PRA) Property Manager FAQ, IHDA Active Portfolio Property and Feedback Options, 2023 Management Bulletins In the case of nonpayment of rent, North Carolina is particular on the rules and procedures landlords must follow. Hawaii News 2023 Hawaii HOME Limits HUD has published the 2023 HOME limits and they are effective June 15, 2023. WebTwo times 2.96% is 5.92%. The subdued pace of rent growth this year may represent some mean reversion after the very fast rent growth in 2021 and 2022 that accompanied the reopening of the economy, when Americans household balance sheets were flush with cash. Have questions about buying, selling or renting during COVID-19? Tina Kotek for her Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Investing your money wisely is crucial for achieving long-term financial growth and security. Management Bulletin 547 (9/8/2022) COVID-19 Response Audit Filing Extension Oregon lawmakers on Saturday voted to install a 10% ceiling on annual residential rent hikes across the state, sending the bill to Gov. Previous rental or mortgage Management Bulletin 511 (11/17/2020) Mailing Address:
Management Bulletin 491 (3/25/2020) Rental projects are not currently being accepted, but will be solicited in the near future. IHDA Asset Management COVID-19 FAQ If you are Googling this question, then perhaps it is time to move. 2023 Income Limits - Weatherization and Home Repair Programs, Maiko Winkler-Chin, Director
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WebAFFORDABLE HOUSING PROGRAM INCOME AND RENT LIMITS (For HUD's Assisted Housing Programs and Multifamily Tax Subsidy Projects - "MTSP") Effective Date: 05/15/2023 for 2023 INCLUDES: ) 30% OF AREA MEDIAN INCOME WebINCOME AND RENT LIMITS (For HUD's Assisted Housing Programs and Multifamily Tax Subsidy Projects - "MTSP") Effective Date: 04/18/2022 for 2022 INCLUDES: ) 30% OF AREA MEDIAN INCOME HUD's Section 8 Program definition of "EXTREMELY LOW INCOME" Applicable to Massachusetts LIHTC Program per DHCD Qualified Allocation Plan (QAP) Get HUD Exchange Updates: Get critical deadlines, policy changes, and upcoming trainings in your inbox. %%EOF
1: Guidance on Using the Base City High Cost Percentages to Determine the Maximum Per-Unit Subsidy Limits for HOME, HUD Publishes New 2023 Limits for HOME Maximum Per-Unit Subsidies. Interim Guidance on COVID-19 (Coronavirus) File: 2023 INCOME RENT LIMITS for 19 MA Income Limit Areas By: JRD Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. Management Bulletin 510 (10/29/2020) Management Bulletin 508 (9/4/2020) The late fee on rent should not exceed $15 or 5% of the The Horry County HOME Consortium (HCHC) was created in 2018 to assist the low-income and underserved areas of Georgetown, Horry, and Williamsburg Counties of South Carolina in the financing, development, and preservation of affordable housing. . Properties participating in the programs will have the most current information on vacancies and will conduct the income certification process. Management Bulletin 539 (3/18/2022) HOME Investment Partnership Program (HOME) provides entitlement grants from the U.S. Department of Housing and Urban Development (HUD) to the Horry County HOME Consortium (HCHC). . Management and Occupancy Reviews (MORs) Suspended Effective Date: June 15, 2022 Page 2 of 14 U.S. Management Bulletin 551 (11/2/2022) Program Administration and Physical Inspections (PAPI):Develops, administers,and monitors ongoing rental subsidy programming,as well as oversees physicalconditions compliance.. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Figures listed are actual calculated figures. Take Action Donate Memo to Members Share HUD Releases FY23 Income Limits May 22, 2023 HUD released FY23 Income Limits on May 15. Back 75 John Roberts RoadBuilding C Suite 2South Portland, ME 04106207.767.8000, Copyright (c) 2022 Spectrum Enterprises | All Rights Reserved, Keeping In Compliance: LIHTC Tenant Files, Determining Income of School Employees Training, Updated Guidance from Hawaii Housing Finance & Development Corporation for 2021. There are some programs available for people who have very little money for a down payment. To find your 2023 HOME income limits visit this site: https://www.hudexchange.info/programs/home/home-income-limits/ To find your 2023 HOME rent limits visit this site: https://www.hudexchange.info/programs/home/home-rent This is up from $3,983 last year, marking a nearly a 36% hike. Occupancy requirements are complicated, and the answer depends on local and state zoning laws. Management Bulletin 488 (2/20/2020) Management Bulletin 505 (7/6/2020) Resources and assistance to support HUD's community partners. Privately Owned Vehicle (POV) Mileage Reimbursement Rates. WebThe effective date of the limits is June 15, 2022 Download 2022 Rent Limits here: Download Document Download 2022 Income Limits here: Download Document Find older versions Take a structured and strategic approach to preserve the IHDA investment in and to achieve optimal benefits for residents in partnership with property owners/agents. 2021 Compliance Monitoring GSA has adjusted all POV mileage reimbursement rates effective January 1, 2023. Rainier Valley Affordable Homeownership Initiative, Incentive Program (MFTE, IZ, MHA) Compliance, 700 5th Ave, Suite 5700, Seattle, WA, 98104, Incentive zoning compliance for property managers, Read Seattle laws for renters and landlords. No. The average rent in May 2023 was $1,660. WebThe U.S. Department of Housing and Urban Development (HUD) annually estimates FMRs for Office of Management and Budget (OMB) defined metropolitan areas, some HUD The amount of late fees. Management Bulletin 557 (2/21/2023) Mortgage rates and price trends 2. Extension of State and Federal Prohibitions on Evictions endstream
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homeowner-occupied housing rehabilitation. Management Bulletin 507 (8/19/2020) The average rent in May 2023 was $1,660. New CDC Order on Evictions Clevers Concierge Team can help you compare top local agents and find the best expert for your search. Retaining the current affordable housing stock; Increasing the availability of affordable permanent housing for low and moderate-income families; Increasing the supply of supportive housing, which includes structural features and services to enable persons with special needs to live in dignity and independence; and. File a complaint with the relevant agency regarding a violation to the health, safety or building codes. 10470 0 obj
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When Can a Landlord Increase Rent in North Carolina? Limits may be found in the documents section, under Income Limits. There are plenty of first-time home buyer programs available to individuals with an array of credit histories. In the case of nonpayment of rent, North Carolina is particular on the rules and procedures landlords must follow. 21, 2023 8 min read Table of Contents Key factors to consider when buying a home in 2023 1. IHDA is Open for Business @sp%ro~
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Please switch to a supported browser or download one of our Mobile Apps. Renters Offered More Concessions as Market Stabilizes, Asking Rents Kept Climbing at a Slightly Subdued Pace (April Rent Report), Rents Inch Barely Downward To Start the New Year (January 2023 Rent Report). No, there are no cities in NC with a rent control law in place. One instance is when the increase is an act of retaliation against a tenant for exercising one of their. Management Bulletin 502 (6/9/2020) The year-to-date rent growth of 1.9% is well below the 2.7% average cumulative growth observed in the first five months of the year in pre-pandemic ZORI data. Management Bulletin 513 (1/21/2021) Management Bulletin 554 (12/9/2022) Just Housing Amendment to the Cook County Human Rights Ordinance Strategic Solutions (SS): Serves as a proactive and responsive strategy driver through cross-functional leadership and consultative support. The mission of the Office of Housing (OH) is to create strong, healthy communities, prevent displacement, and increase opportunities for people of all income levels to live in Seattle. COVID-19 Antigen Test Kit Ordering Portal for Section 202 Housing for the Elderly Eviction Restrictions 2022 Social Security COLA Increase The home HUD also issued HOMEfires - Vol. All Rights Reserved - Privacy Policy | Terms & Conditions| Consent to Contact Customer | TREC Consumer Protection Notice | Information About Brokerage Services, Are you a top realtor? These utility allowances are available on. Grandfathered in means that an exception is made because something existed before the rules were made. Airplane*. 2023 by Horry County Government  All Rights Reserved. Principles of communication, accountability, and consistency inform decision-making, shape culture, and drive work. This occurs when cities change zoning laws. 2021 Social Security COLA Increase WebFor all HOME projects, the maximum allowable rent is the HUD calculated High HOME Rent Limit and/or Low HOME Rent Limit. Renters: This page is intended for property managers of buildings participating in the MFTE, MHA and IZ programs. To find your 2023 HOME rent limits visit this site: https://www.hudexchange.info/programs/home/home-rent-limits/. WebFor all HOME projects, the maximum allowable rent is the HUD calculated High HOME Rent Limit and/or Low HOME Rent Limit. Capital Bill Preservation Program Long-Term Monitoring and Webinar Invitation Management Bulletin 542 (5/26/2022) state legislation states that no city or county in NC can pass an act to control rent increases. Income and Purchase Price Limits By County (3.55 MB Adobe PDF File) Meet the Qualifications? 0
Webhousehold income data) as the basis of FY 2023 Income Limits for all areas of California. Management Bulletin 529 (8/4/2021) HUD 2021 Income Limits IHDA and its Asset Management department welcome you to this page which outlines key information and helpful resources for the management of IHDA-assisted multifamily rental housing. HOME funds are utilized for the creation and retention of affordable housing throughout the Consortium service area. HUD HOME Waiver Update, Revision and Extension Management Bulletin 533 (12/16/2021) For starters, you must provide your tenant with a 10 days notice to pay the rent or move out. Once the lease ends, you can increase the rent as you see fit. Management Bulletin 543 (7/18/2022) Rental Schedules/Worksheets-All Other Programs, HUD Required Carbon Monoxide Alarms or Detectors in Assisted Housing, Property Owners, Managers, & Other Partners. WebIncome Household Limit $16,950 $24,400 $24,400 $24,400 $29,900 $16,950 $24,400 $22,150 $29,900 $16,950 $29,900 $16,950 $24,400 $24,400 $18,450 $29,900 $29,900 $24,400 $24,050 $16,950 $20,550 $18,150 $16,950 $18,750 Max Gross Rent The number may be smaller than that if the people are unrelated. 2023 US Department of Housing and Urban Development, View the 2023 Section 234 limits and guidance on the HOME maximum per-unit subsidy limits, CPD Notice 15-003: Interim Policy on Maximum Per-Unit Subsidy Limits for the HOME Program, HOMEfires - Vol. Airplane nautical miles (NMs) should be converted into statute miles (SMs) or regular miles when submitting a voucher using the formula (1 NM equals 1.15077945 SMs). Web2023 RENT LIMITS Effective Date: June 15, 2023.
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