HUD
Omnibus Has Potential to Reach Floor Thursday, Cantwell-Hatch Hangs in the Balance
Congressional leadership is anticipating a release of the omnibus language later today with potential for a House vote on Thursday.
HUD: MAP Guide Allows GP Interest to Secure Equity Bridge Loan
The MAP Guide enumerates securities for an equity bridge loan as a pledge of tax credits and/or limited partners’ or investors members’ interests in the project’s ownership entity. Questions subsequently arose as to whether a pledge of the general partner’s interest could also secure an equity bridge loan.
HUD Implements CNA e-Tool Improvements
HUD recently rolled out System Release 2.2 and a revised assessment tool. These changes were based on user feedback and include missing flag notes.
HUD Revises Fair Market Rents for Housing Choice Voucher and Mod Rehab SRO for Fiscal Year 2018
Eight areas were revised due to new survey data.
Baltimore, MD: RFP for Regional Project-Based Voucher Program
Proposals must be received by BMC no later than 3:30 p.m. on Wednesday, April 4, 2018. Successful applicants may be eligible for scoring incentives in the upcoming 2018 competitive round of Low Income Housing Tax Credit (LIHTC) awards.
HUD Announces Awardees for Choice Neighborhood Planning Grants
Six communities across the country have been awarded a total of almost $5 million from HUD’s Choice Neighborhoods Initiative. The grants allow local leaders flexibility in executing their own comprehensive plans for community revitalization. Developer partners involved with the awards include NH&RA Members Telesis (Cleveland) and Pennrose (Philadelphia).
HUD’s Office of Recapitalization Opens “Office Hours” for RAD Questions
Owners will be able to sign up for individual 30-minute sessions with HUD staff during designated times each week on Tuesdays and Thursdays from 2:00 – 4:00 PM EST.
White House Releases Budget Request and Addendum, 14.2% Cut for HUD
The cut to the Department’s budget means proposed elimination for several programs, while a select few programs are kept at level or awarded increased funding. While Congress will not take the numbers to heart, a rent hike or work requirements for able-bodied families receiving rental assistance is possible.
RAD Hits $5 Billion in Construction Activity in 2017
The January 2018 edition of RADTalk, HUD’s RAD Newsletter, is celebrating $5 billion of construction activity for 2017. Furthermore, the recent issues also takes a deep dive into RAD Mod Rehab transactions.
HUD Releases Updates to Known Issues and Solutions for CNA eTool
HUD has released an updated report of recently released instructional materials as well as revisions dealing with various errors.
President Trump Announces Intent to Nominate Seth Appleton to be Assistant Secretary of PD&R at HUD
On January 26, President Trump announced his intent to nominate Seth Appleton to be Assistant Secretary, Policy Development & Research, at HUD. Mr. Appleton currently serves as an Acting Assistant Secretary and General Deputy Assistant Secretary at the Department of Housing and Urban Development, where he manages the Department’s congressional and intergovernmental relations. He previously served […]
Nominate Your Affordable Housing / Community Revitalization Historic Preservation Project
Last year the Advisory Council on Historic Preservation and the U.S. Department of Housing and Urban Development (HUD) established a new joint Award for Excellence in Historic Preservation to honor outstanding historic preservation efforts with affordable housing and community revitalization successes. Agencies, developers, and organizations are encouraged to nominate projects or activities that advance the […]