HUD

HUD published a Federal Register notice adjusting the Annual Indexing of Basic Statutory Mortgage Limits for Multifamily Housing Programs. The percentage change in the consumer price index for all urban consumers is 4.2 percent and the limits have an effective date of Jan. 1, 2022.

HUD extended the submission deadline for expedited regulatory waivers until April 1, 2022, for Public Housing and Housing Choice Vouchers.

HUD updated the fair market rents (FMRs) for the Housing Choice Voucher Program, Moderate Rehabilitation Single Room Occupancy Program and other programs for Fiscal Year 2022 for 12 areas based on new survey data: 

Last week, Congress passed FY 2022 funding through Sept. 30, 2022. The bill includes 53.7 billion in HUD funding, a $4 billion increase of FY 2021 levels.

HUD’s library of resources, relevant to Distressed Cities and Persistent Poverty Technical Assistance (DCTA) recipients and smaller distressed communities, features a wide range of resources, reports, webinars and funding opportunities that might be of interest to small governments, tribal organizations and nonprofits, including COVID-19 recovery information.

The U.S. Department of Energy forecasts a three-year high in 2022 for average residential utility costs across the U.S. that may affect families who pay for some or all of their household’s utility bills. 

In Mortgagee Letter 2022-05 and Housing Notice 2022-02, HUD increased the substantial rehabilitation for FHA insured loan programs from $15,000 to $16,983 per unit.

HUD issued a notice of Fiscal Year (FY) 2022 Annual Adjustment Factors (AAFs) for certain properties in HUD’s Section 8 housing assistance payment (HAP) programs.

The Federal Housing Administration (FHA) announced that it is removing temporary COVID-19 underwriting mitigants for multifamily transactions insured under Section 223(f) of the National Housing Act effective immediately for all insured transactions that have yet to reach endorsement.

The National Low Income Housing Coalition and the Public and Affordable Housing Research Corporation updated its National Housing Preservation Database.

HUD released its Section 3 Guidebook. Section 3 is a provision of the Housing and Urban Development Act of 1968 that ensures employment, training and contracting opportunities for low- and very low-income workers and eligible businesses in connection with the planning, construction and rehabilitation of housing and community development projects assisted by HUD.

The Department of Energy released Weatherization Program Notice 22-5, which expands client eligibility for the program.