RAD: HUD Provides New Resources on Conversion of Moderate Rehab Contracts

Several new resources on the Rental Assistance Demonstration (RAD) for Moderate Rehabilitation (Mod Rehab) owners are posted to the HUD Exchange.

Recording and Q&As: Conversion of Moderate Rehabilitation Contracts Webinar – January 30, 2018
The webinar recording, questions and answers from participants, and other materials are available for this webinar on RAD conversion of Mod Rehab properties.

RAD Mod Rehab Fact Sheets
Three new RAD Mod Rehab fact sheets, which provide an overview of the benefits of RAD Mod Rehab conversion for different audiences, as well as the application process, are now available.

Mod Rehab Talk
Sign up for Mod Rehab Talk, a 30-minute session to speak with HUD staff one-on-one to discuss your properties, questions about RAD conversion, preservation strategies, and the RAD application process. After this initial call, owners who need further consultation and guidance may be referred to technical assistance (TA) providers for on-call direct TA.

Contact
In addition to these scheduled sessions, you are always welcome to contact HUD Recap staff by emailing rad2@hud.gov at your convenience to discuss your property and RAD conversion questions.

HUD Releases HOME Monthly Reports

HUD has announced that the latest HOME Monthly Reports, as of November 30, 2024, are now available. Why it matters: These reports are crucial for Participating Jurisdictions (PJs) to effectively track and manage their housing initiatives. Details: The bottom line: These reports empower PJs to optimize their housing strategies, ensuring effective use of resources and […]

Ginnie Mae’s FY24 Annual Financial Report

Ginnie Mae has released its Fiscal Year 2024 (FY24) Annual Financial Report, and the numbers and initiatives are making an impact. Here are a few key takeaways:

Workforce Housing Debt Financing Updates

The northeast regional affordable housing community had the opportunity to receive an update on agency executions for workforce housing from PGIM’s Michael Lostocco at the NH&RA Fall Developers Forum. Fannie Mae and Freddie Mac have developed voluntary programs aimed at addressing housing affordability, particularly for middle-income renters.

FHFA Unveils Enterprises’ Three-Year Plans to Improve Housing Opportunities for the Underserved

Fannie Mae and Freddie Mac (the Enterprises) will seek to extend housing access in rural underserved markets, enhance their support for manufactured housing and continue addressing liquidity needs for first-time homebuyers, among a host of activities outlined in plans published by the Federal Housing Finance Agency (FHFA).