Federal / Agency News

It will take some time to fully digest the results from last night’s election but I wanted to share some initial thoughts on what this may mean for our industry.   Whether you are a Republican or Democrat we must collectively figure out a way to come back from the divisive politics that characterized this election.  […]

2016 has been the most productive year in the program’s short history.

HUD’s Office of Multifamily has recently published the amended and restated use agreement for projects subject to the Low-Income Housing Preservation and Resident Homeownership Act of 1990 (LIHPRHA).

NH&RA’s New Markets Tax Credit Council will be hosting a call in the near future to discuss these changes and looks forward to your contributions towards a comment letter. Read on for a summary of changes.

Multifamily Housing has released five draft chapters of Multifamily Asset Management and Project Servicing – HUD Handbook 4350.1.

Yesterday, the National Low Income Housing Coalition (NLIHC) released Housing Spotlight: A Long Wait for a Home — a report that analyzes the current state of Housing Choice Vouchers (HCV) and public housing waiting lists across the country.

The FY 2017 appropriations bill in the Senate includes measures to raise the RAD cap to 250,000 units, remove the 2018 sunset of the program, and extend RAD eligibility to Sec. 202. The House bill is without these measures.

HUD’s Office of Multifamily Housing published on Tuesday a notice in the Federal Register creating a 60-day period for public comment for new proposed regulations that would require HUD-Assistance and FHA Insured Multifamily Properties to benchmark and report to HUD energy and water utilities.

Among other things, GAO found that HUD lacks written policies regarding how service coordinators should be monitored in fulfilling Section 202 requirements.

The webcast, available online, demonstrates how to use the HUD Utility Schedule Model to calculate utility allowances for HOME-assisted rental projects.

The 2017 OCAFs range from no change (Hawaii) to an increase of 2.4 percent (North Dakota). The posted U.S. average is 1.9%.

The bill models after the Low-Income Housing Tax Credit, one key difference being income restrictions, which are set at 100 percent or less of area median income. The credit would provide 50% of qualified basis.