HUD

HUD

HUD Publishes Updated Demolition/Disposition Notice 

In late December, HUD published Notice PIH 2024-40, modifying previous guidance (Notice PIH 2021-07) regarding how a public housing agency (PHA) can apply to demolish or dispose of public housing under Section 18 of the Housing Act of 1937.  

HUD

Recent HUD Changes Increase Proceeds for Multifamily Developers and Owners 

HUD has formally approved changes to the debt service coverage (DSCR) and loan-to-cost (LTC)/loan-to-value (LTV) criteria for 221(d)(4) and 223(f) programs.

HUD

Senate Committee on Banking, Housing and Urban Affairs to Hold HUD Secretary Nomination Hearing 

On Thursday, Jan. 16, 2025 at 10 a.m. EDT, the Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on the nomination of Eric Turner to be Secretary of the U.S. Department of Housing and Urban Development.

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 […]

General News

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.

HUD

Restore Rebuild 

At NH&RA’s Fall Developers Forum in Boston a couple weeks ago, Bennett Applegate, Jr. of Applegate & Thorne-Thomsen and Jesse Elton of The Community Builders provided some clarity on the nuances of Faircloth to RAD and the opportunities the program has created.  

HUD

Scott Turner Receives HUD Secretary Nomination 

President-elect Donald Trump has nominated Scott Turner, a former Texas legislator, NFL player and community advocate, to serve as Secretary of the U.S. Department of Housing and Urban Development.

HUD

Housing Choice Voucher’s 50th Anniversary 

HUD is marking the 50th anniversary of the Housing Choice Voucher (HCV) program, established under the Housing and Community Development Act of 1974.

HUD

DSCR and Vacancy Roll Backs for Affordable Properties 

The Department of Housing and Urban Development (HUD) has proposed draft Mortgagee Letters adjusting underwriting standards for affordable multifamily housing loans.

HUD

Improvements to HUD’s RAD Program 

The recent changes to the HUD Rental Assistance Demonstration (RAD) program offer several potential benefits and implications for non-PHA (private owner) developers who wish to leverage the program for affordable housing initiatives.

General News

Preserving Mixed-Finance Properties 

NH&RA’s HOPE VI/Mixed-Finance Working Group, a council formed to find preservation solutions to a portfolio of severely distressed properties, submitted recommendations to HUD last week for criteria it should consider in determining whether a property is eligible for a Section 18 repositioning.

HUD

HUD’s Recent Housing Investments 

The recent announcement of over $279 million in new investments through HUD’s Green and Resilient Retrofit Program (GRRP) represents a significant boost for affordable housing developers, particularly those focused on multifamily rental units.

[Page 1 of 152 ]