HUD

On May 1, Deputy Assistant Secretary in HUD’s Office of Multifamily Housing Program Lamar Seats sent a memo to HUD field offices titled “What to Do When a Project Receives a Zero as a Result of an Owner Refusing to Allow HUD to Inspect.”

HUD awarded nearly $1.5 billion to support seven states in their recovery from 2018 disasters, including Hurricane Michael, Hurricane Florence and wildfires in California.

On May 21 at 10 am, the full House Financial Services Committee (HFSC) will hold a hearing, titled “Housing in America: Oversight of the U.S. Department of Housing and Urban Development.”

HUD released a proposed rule that would prohibit mixed immigration status families from living in public and other HUD-assisted housing. The proposed rule would require the verification of the eligible immigration status of all household members and would make prorated assistance temporary until the eligibility for housing assistance has been determined.

HUD’s Housing Notice 2019-07 provides incentives for multi-family property owners to invest in Opportunity Zones across the nation. Applicants to FHA’s Section 221(d)(4), Section 220 and Section 223(f) will be eligible for significantly lower application fees provided the property is located within an Opportunity Zone.

Novogradac updated its Rent & Income Limit Calculator© with HUD’s FY 2019 rent and income limit data. Using the HUD-published data, the Novogradac Rent & Income Limit Calculator© will calculate low-income housing tax credit (LIHTC) rent and income limits for every county and every metropolitan statistical area in the US.

HUD now expects to release the RAD revised notice (RADRev4) with modest changes to the public housing component and thorough instructions for the new RAD-for-PRAC authority in early to mid-June 2019. While waiting for RADRev4 there is plenty PHAs and their partners can do now to take advantage of recent flexibilities with RAD and other HUD preservation-redevelopment tools. 

In 2015, HUD was authorized to establish a Pay For Success (PFS) demonstration for achieving energy and water savings in the multifamily assisted housing stock. HUD has now published the intent to collect information with comments due on July 8

HUD released the 2019 Mortgage Limits for Multifamily Housing Programs. The notice also updates the per unit limit for substantial rehabilitation from $15,000 to $15,933.

HUD’s Office of Multifamily West Region issued a memo that nullifies the requirement to review the status of residents reporting zero or nominal (less than $100.00) income every 90 days.

Enterprise Community Partners is hosting a congressional briefing on May 2 from 10-11:30 am EDT in the Capitol Visitor Center (SVC 212) on policy solutions for improving disaster recovery.

The full House Financial Services Committee (HFSC) will hold two upcoming housing related hearings. The April 30 hearing will focus on “Housing in America: Assessing the Infrastructure Needs of America’s Housing Stock.” The May 21 hearing will focus on “Housing in America: Oversight of the U.S. Department of Housing and Urban Development.”