Federal / Agency News
Sarasota Housing Authority Director William Russell to lead HUD on Temporary Basis
The former HUD deputy assistant secretary for public housing has been tapped by the Trump transition team to lead HUD on a temporary basis and serve as special adviser to the incoming HUD secretary.
Dr. Ben Carson One Step Closer to Confirmation
The HUD Secretary Nominee received a unanimous vote from the Senate Committee on Banking, Housing and Urban Affairs.
HUD Implements HOTMA Changes to Housing Choice Voucher and Project-Based Voucher Programs
The effective date of these changes is April 18, 2017, while comments are due by March 20, 2017.
HUD Announces $15 Million to Test New Approach to Help Low-Income Seniors Age in Place
The initiative will fund select owners of HUD-assisted senior housing developments to help their low-income senior tenants to age in their own homes and delay or avoid the need for nursing home care.
HUD Implements Family Income Reviews Under FAST Act
Multifamily Housing expects to issue an interim final rule in the near future that amends the regulatory language to implement the Fixing America’s Surface Transportation (FAST) Act.
LIHTC Receives Praise During Dr. Carson’s Confirmation Hearing
Dr. Ben Carson, the nominee for HUD Secretary, underwent a confirmation hearing before the Senate Committee on Banking, Housing, & Urban Affairs on January 12, 2017.
NMTC Coalition Sign-On Letter Urges Congress to Preserve the Tax Credit
The New Markets Tax Credit Coalition is circulating a sign-on letter urging Congress to preserve the New Markets Tax Credit (NMTC) if tax reform moves forward. NH&RA has signed on and urges its members to do the same.
HUD Hosts 3rd Q&A Webinar on RAD Fair Housing, Civil Rights, and Relocation Notice
HUD asks that participants ask questions “live” during the webinar or send questions in advance.
Dr. Carson’s Confirmation Hearing Scheduled for 1/12
The position would mark Dr. Carson’s first time holding political office.
House Financial Services Announces Leadership Team
Look for Rep. Hensarling to continue efforts to replace Dodd-Frank with an alternative bill and make GSE reform a priority as well.
HUD Launches Capital Needs Assessment (CNA) e-Tool, Mandatory Use Begins 7/1
On December 30, HUD launched the CNA e-Tool, which effects all owners, lenders, and third-party due diligence providers participating in multifamily programs.
HUD Publishes FY-2017 Annual Adjustment Factors for Section 8
The U.S. Department of Housing and Urban Development has published Annual Adjustment Factors (AAFs) for 2017. AAFs are used to adjust contract rents for units assisted in certain Section 8 housing assistance payment programs during the initial term of the HAP contract.