News

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.

The further guidance recently published by HUD builds on a 2006 supplementary guide and makes changes to that language.

Following a sixty day comment period back in May (in which NH&RA’s RAD Group submitted comments), HUD has now opened the thirty day comment period to consider changes made since then.

Congratulations to Maurice Barry and Fred Copeman who will be honored during the NH&RA Fall Developers Forum on November 1, at The Langham, Boston.

Clinton cites the need for a “national commitment to create more affordable housing”, speaking of increasing the LIHTC in high-cost areas as well as directing 10% of federal investments to low-income communities.

Gresley’s region includes Arizona, California, Hawaii, Nevada, and U.S. territories in the Outer Pacific.

The independent assessment examines data up through October 2015. During that time, $2.5B was secured by 185 projects.

HUD recently released a memo regarding the due dates for mixed-finance transactions intended to close by December 31, 2016.

Senator James Lankford (R-Okla.) published a report in 2015 titled “Federal Fumbles: 100 Ways the Government Dropped the Ball”. In the report, Sen. Lankford takes issue with the Historic Tax Credit, and continues to do so now.