HUD

HUD recently unveiled a new web tool to spotlight efforts to create opportunity and revitalize communities around the country though public/private partnerships and philanthropic support for strong community development plans.

HUD has released the 2012 Income Limits to be used by projects financed with low-income housing tax credits (LIHTC) and tax-exempt bonds, effective December 1, 2011.

The Technical Assistance Collaborative (TAC) has announced the launch of a new web site – the TAC Resource Center on Supportive Housing. The goal of the TAC Resource Center is to promote innovative supportive housing approaches and models which link affordable and accessible permanent housing resources with community-based supports and services for people with significant and long-term disabilities.

HUD has announced policy changes that will be implemented for the Section 8 Project-Based Rental Assistance (PBRA) program in order to achieve certain savings and slow the growth of PBRA expenditures.

HUD’s Office of Policy Development & Research has published the latest version of its U.S. Housing Market Conditions. Published quarterly, the report is a compilation of statistical data and written reports.

On November 10, HUD issued Notice H 2011-31, which provided guidance on the agency’s policy regarding the use of sale proceeds by nonprofits that sell multifamily projects with an FHA-insured, HUD-held or formerly FHA-insured mortgages.

HUD has issued a proposed rule to revise the energy audit requirements applicable to HUD’s public housing program. The rule clarifies the requirements, as well as identifies energy-efficient measures that need to be addressed in the audit and procedures for improved coordination with physical needs assessments.

NH&RA is pleased to present the PowerPoint presentations from the recent 2011 Fall Developers Forum (November 14-15) in Boston, Mass.

The White House Rental Policy Working Group which includes officials from the White House, the Department of Housing and Urban Development and the U.S. Department of Agricultural Rural Development has unveiled a pilot program, the Physical Inspections Alignment Program, as part of the Obama Administration’s recent goal to streamline Federal rental housing policy.

The House Financial Services Subcommittee on Insurance, Housing and Community Opportunity met November 2, 2011 to discuss the Obama Administration’s proposed demonstration program, Rental Assistance Demonstration (RAD). The RAD proposal evolved out of the Obama Administration’s Transformation of Rental Assistance proposal and would help preserve public housing and projects subsidized by the HUD “orphan” programs (RAP, Rent Supp and Section 8 Moderate Rehab) by allowing Public Housing Authorities (PHAs) and owners to apply to convert to long term project-based rental assistance (either project-based section 8 vouchers or MAHRA type-project-based rental assistance).

A new report entitled “The Effect on Program Participation of Replacing Current Low-Income Housing Programs with an Entitlement Housing Voucher Program” was released last week that estimates the effects of alternative reforms of the current system of low-income housing assistance on the number of people of various types who would receive assistance.

The U.S. Department of the Housing and Urban Development (HUD) is soliciting comments from the public regarding the FY 2012 Transformation Initiative for Research Grants related to the Choice Neighborhoods Demonstration’s Small Grants Research Program.