HUD

HUD published the FY 2020 Fair Market Rents (FMRs) here. The FY 2020 FMRs will be effective October 1, 2019, unless there is a request for reevaluation by September 30, 2019. The Federal Register notice contains the procedures for such reevaluation requests. These FMRs are used in the Housing Choice Voucher, the Moderate Rehabilitation Single […]

HUD is offering hands-on group learning and individualized technical assistance (TA) to multifamily assisted housing owners and management agents to help implement Family Self-Sufficiency (FSS) programs. The TA will include coaching, education and hands-on guidance from an expert in FSS program implementation over a nine-month period. This TA will help housing providers successfully develop the program framework, access needed resources and launch their FSS programs.

Donald “DJ” LaVoy was sworn in on September 17 as deputy under secretary for Rural Development at the U.S. Department of Agriculture. DJ most recently served as the head of HUD’s Real Estate Assessment Center. The under secretary for Rural Development position, eliminated by USDA Secretary Sonny Perdue and reinstated by Section 12407 of the […]

The New Hampshire Housing Finance Authority released the Draft 2020 Action Plan for the use and distribution of HUD block grants, including Community Development Block Grants, HOME Investment Partnerships, National Housing Trust Fund and Emergency Solutions Grants. Public comments should be submitted by September 30, 2019.

Yesterday the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (T-HUD) favorably reported its FY 2020 funding bill to the full committee. The full Senate Appropriations Committee will hold a hearing on the bill at 10:30 am EDT on September 19 in the Dirksen Senate Office Building, Room 106 and via webcast.

As of publication, the T-HUD bill has yet to be released. Overall the subcommittee received a 302(b) allocation of $74.3 billion, $3.2 billion above the FY 2019 enacted levels. HUD received $56.0 billion in total budgetary resources, which is offset by $7.4 billion in receipts from the Federal Housing Agency/Ginnie Mae for a net funding level of $48.6 billion, an increase of $2.3 billion above the FY 2019 enacted level.

HUD released a proposed rule that would revise HUD regulations by implementing sections 102, 103 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA S. 3083/H.R. 3700 of the 114th Congress). These sections make sweeping changes to the United States Housing Act of 1937, particularly those affecting income calculation and reviews. Comments are due by November 18.

The Florida Housing Finance Corporation announced that it will issue modifications extending three RFA Application Deadlines due to the impacts of Hurricane Dorian.

Florida Housing also released Questions and Answers regarding RFA 2019-111 “Rental Recovery Loan Program (RRLP) Financing to be Used for Rental Developments in Hurricane Michael Impacted Counties.”

Florida Housing issued a Third Modification to RFA 2019-102 Community Development Block Grant-Disaster Recovery (CDBG-DR) to be used in conjunction with Tax-Exempt MMRB and Non-Competitive Housing Credits in Counties Deemed Hurricane Recovery Priorities.

Last week the Department of the Treasury and HUD sent their Housing Finance Reform Plans to President Trump following his March Memorandum, which ordered the reports. The Senate Committee on Banking, Housing and Urban Affairs held a hearing on Housing Finance Reform: Next Steps with HUD Secretary Ben Carson, Treasury Secretary Steven Mnuchin and FHFA Director Mark Calabria as witnesses.

HUD released Rental Assistance Demonstration (RAD) Notice (H 2019-09/ PIH 2019-23), which clarifies certain requirements of First Component RAD projects and implements its new RAD for Project Rental Assistance Contracts (PRAC) program, which will allow Section 202 PRAC properties to convert to long-term Project Based Rental Assistance (PBRA) or PBV contracts.

HUD will offer one final SfS registration opportunity before the SfS report is due on October 30, 2019. The final registration window will be from September 9 – September 27. Any property that needs to report to HUD, and does not register for SfS by September 27, will be out of compliance with HUD. 

Rep. Earl Blumenauer (D-OR) has released a housing report, “Locked Out: Reversing Federal Housing Failures and Unlocking Opportunity.” The report offers strategies the federal government could pursue to meaningfully address the nation’s housing affordability challenges – including expanding the Low-Income Housing Tax Credit program, making HUD’s Section 8 Housing Choice Vouchers an entitlement program to […]

As Congress returns from its August recess, lawmakers must act to secure funding for fiscal year (FY) 2020 ahead of the September 30 deadline. The White House released a list of requested anomalies, or changes to the current funding levels and legislative language, if lawmakers rely on a continuing resolution (CR) to fund the government past Sept. 30. HUD’s Section 202 Housing for the Elderly secured a coveted spot on that list.