HUD recently published a proposed rule which would amend the agency’s regulations governing the Section 202 Supportive Housing for the Elderly Program and the Section 811 Supportive Housing for Persons with Disabilities Program. This rule would streamline the requirements for mixed-finance developments by removing restrictions on the portions of developments not funded through capital advances, thereby lifting barriers on participation in the development of the projects, and eliminating burdensome funding requirements. HUD hopes that this proposed amendment would attract private capital and the expertise of the private developer community to create attractive and affordable supportive housing developments for the elderly and for persons with disabilities. Those interested should submit comments to the Regulations Division, Office of General Counsel, 451 7th Street SW, Room 10276, Department of Housing and Urban Development, Washington, DC 20410. Comments are due May 29, 2012 and should refer to Dock No. FR-5176-P-01.
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