HUD

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.

The Florida Housing Finance Corporation posted the application submitted report for “RFA 2019-103 Community Development Block Grant-Disaster Recovery (CDBG-DR) for Small Developments in Areas Deemed Hurricane Recovery Priorities.” The applications review committee will review the applications at its next meeting on November 13 at 2 pm EDT.

Last week, HUD published the Fiscal Year (FY) 2020 Fair Market Rents (FMRs) in the Federal Register. The new rents will become effective on October 1, 2019 for the Housing Choice Voucher program and Moderate Rehabilitation Single Room Occupancy program, unless HUD receives a valid request for reevaluation of specific area FMRs. The notice also includes responses to public comments from the June 5, 2019 Federal Register notice announcing two method changes in the calculation of FMRs.

Pennrose was selected as Master Developer by the Virgin Islands Housing Authority (VIHA) for the disaster recovery and redevelopment efforts in St. Thomas. The redevelopment efforts will serve as Pennrose’s first projects in the U.S. Virgin Islands and Caribbean and is planned for approximately 700 units on St. Thomas. Pennrose will partner with Jackson Development […]

The Florida Housing Finance Corporation posed a Questions and Answers document regarding 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. Florida Housing Finance Corporation also posted a Questions and Answers document regarding RFA 2019-103 Community Development Block […]

HUD published the Notice of Demonstration to Assess the National Standards for the Physical Inspection of Real Estate (NSPIRE) and Associated Protocols in the Federal Register. Comments are due on October 21, 2019.

HUD published its Implementation of the Fair Housing Act’s Disparate Impact Standard proposed rule in the Federal Register. If implemented, the proposed rule would raise the burden of proof to bring a disparate impact claim, making it harder to pursue housing discrimination cases. Comments are due by October 18, 2019.