HUD
GRRP Leading Edge Wave One – Applications Due in Two Weeks
The first application review period (wave) for the Green and Resilient Retrofit Program (GRRP) Leading Edge Awards will close in approximately two weeks at 11:59 PM ET on July 31, 2023.
HUD Creates Office of Manufactured Housing Programs within Office of Housing
HUD created a new Office of Manufactured Housing Programs as an independent office within the Federal Housing Administration.
HUD Releases Increasing the Supply of Affordable Housing Tool
HUD announced the Increasing the Supply of Affordable Housing page on the HUD Exchange.
Comments on HUD’s Proposed FMR Calculation Methodology Due July 24
HUD issued a notice with proposed changes to calculate fair market rents (FMRs), including a change in the definition of “recent mover” to include residents who have lived in their current household for 11 months or less and to retain and to expand the use of rent inflation factors calculated by private-sector sources.
HUD Removes $25 Million Loan Cap for Projects in LIHTC Pilot Program
HUD’s Office of Multifamily Housing Programs issued a memo, which removes the $25 million loan cap for the LIHTC Pilot Program.
HUD Publishes Final NSPIRE Inspection Standards & GRRP FAQs
HUD published the Final Inspection Standards Notice for the National Standards for the Physical Inspection of Real Estate (NSPIRE). HUD also announced that they have posted answers to new Frequently Asked Questions for the Green and Resilient Retrofit Program (GRRP) based on the May 23 webinar.
NLIHC Publishes 2023 Out of Reach Report
The National Low Income Housing Coalition (NLIHC) published the 2023 edition of its annual Out of Reach Report, which compares the wages people earn and the costs of modest rental housing in every state, metropolitan area and county in the U.S.
Update for CPD Income Eligibility Calculator Users
HUD announced that on June 15, 2023, the Community Planning and Development (CPD) Income Eligibility Calculator will update to incorporate the FY 2023 Income Limits for all programs.
Quarterly NSP Closeout Status Indicator Report
HUD announced a new report available related to the new quarterly closeout status indicator for the Neighborhood Stabilization Program (NSP).
HUD Releases Fiscal Year (FY) 2023 Income Limits
Last week, HUD released Fiscal Year (FY) 2023 Income Limits, which were effective on May 15, 2023. HUD once again instituted a cap, this year at 5.92 percent.
HUD, NAHB Hold Innovative Housing Showcase June 9-11
HUD and National Association for Home Builders (NAHB) announced details for the 2023 Innovative Housing Showcase.
HUD Releases Green and Resilient Retrofit Program NOFOs
HUD released the Notice of Funding Opportunity (NOFO) for its Green and Resilient Retrofit Program (GRRP).