HUD recently published a draft rule in the Federal Register proposing to implement certain reforms to HUD’s Section 202 and Section 811 programs. More specifically the proposed rule would:
- Establish the requirements and procedures for the use of new project rental assistance for supportive housing for persons with disabilities
- Implement an enhanced project rental assistance contract
- Create a set-aside for a number of units for elderly individuals with functional limitations or other category of elderly persons as defined in the notice of funding availability (NOFA)
- Make significant changes for the prepayment of certain loans for supportive housing for the elderly
- Implement a new form of rental assistance called Senior Preservation Rental Assistance Contracts (SPRACs)
- Modernize the capital advance for supportive housing for persons with disabilities
- Provide grant assistance for applicants without sufficient capital to prepare a site for a funding competition.
The rule also proposes to establish the regulations for the Service Coordinators in Multifamily Housing program and the Assisted Living Conversion program.
Public comments submitted with using the Federal Register website are due December 8, 2014. Questions should be directed to Alicia.Anderson@hud.gov .
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