HUD

The further guidance recently published by HUD builds on a 2006 supplementary guide and makes changes to that language.

Following a sixty day comment period back in May (in which NH&RA’s RAD Group submitted comments), HUD has now opened the thirty day comment period to consider changes made since then.

Gresley’s region includes Arizona, California, Hawaii, Nevada, and U.S. territories in the Outer Pacific.

The independent assessment examines data up through October 2015. During that time, $2.5B was secured by 185 projects.

HUD recently released a memo regarding the due dates for mixed-finance transactions intended to close by December 31, 2016.

Mary Walsh was announced as the new Southwest Multifamily Regional Director for the Department of Housing and Urban Development (HUD).

HUD recently posted Fiscal Year 2017 Fair-Market Rents (FMR) to the huduser.gov site.

If signed into law, the bill would strengthen the project based rental assistance program, reduce the burden of public housing and PBRA unit inspections, and change the way tenant incomes are calculated, reviewed, and addressed.

In late March, HUD’s Office of Recapitalization hosted a listening session to receive feedback on how they can facilitate more efficient closings of RAD transactions. The session has resulted in changes regarding the HAP effective date and information regarding initial year funding.

HUD recently released FY2015-2016 Planning Grant Award Information for the Choice Neighborhoods program. NH&RA is proud to announce that three of our members were included in the list of winners.

HUD has proposed using Small Area Fair Market Rents (FMRs) for the Housing Choice Voucher program, including project-based vouchers, in metropolitan areas where voucher use tends to be concentrated to specific neighborhoods or areas. Comments on the proposed rule are due by August 15.

The Government Accountability Office’s second report on LIHTC finds that the agencies that allocate state credits generally follow program requirements. However, approaches to QAP and LIHTC award criteria vary, which opens the door to problems for some agency practices.