HUD

Senators Bob Corker (R-TN) and Mark Warner (D-VA) recently introduced the Housing Finance Reform and Taxpayer Protection Act of 2013 (S.1217), which would reform the secondary housing finance market by eliminating Fannie Mae and Freddie Mac and replacing the agencies with the Federal Mortgage Insurance Company (FMIC).

The Senate Appropriations Committee recently approved the FY 2014 spending allocations, also known as 302(b)s, for its 12 subcommittees , including the Transportation-HUD (T-HUD) and Agriculture-Rural Development Subcommittees. The Senate Budget Committee had set the overall FY 2014 discretionary spending cap, known as the 302(a), at $1.058 trillion, which is equal to the President’s FY 2014 budget request.

HUD recently released Notice H 2013-19 to extend and revise Notices H 2010-13, H 2011-4 and H 2011-35 concerning Loan Committees and all prior administrative guidance regarding Loan Committee policy and procedures.

The Office of Management and Budget (OMB) recently sent a letter to agency and department heads informing them that FY 2015 budget submissions should include reductions that bring the overall submission to a level that is 10 percent below the net discretionary FY 2015 total provided for the agency in the FY 2014 budget.

HUD recently released Notice H 2013-16 to notify owners of properties with a Section 515 Rural Rental Housing loan from the United States Department of Agriculture (USDA) and a Section 515/8 New Construction Housing Assistance Payments (515/8 HAP) contract from HUD that HUD is no longer requiring the submission of annual financial statements (AFS) for these properties.

HUD published a notice in the Federal Register to announce the inflation factors that will be used to adjust FY 2013 renewal funding for the Tenant-Based Rental Assistance voucher program or Housing Choice Voucher (HCV) program.

HUD recently released Community Development Block Grant Program (CDBG) and HOME Investment Partnership Program formula allocations for FY 2013.

The National Affordable Housing Management Association (NAHMA) recently released its Affordable 100 which ranks the largest affordable multifamily property management companies, ranked by affordable unit counts. In an effort to accurately determine the portfolio of affordable units receiving federal subsidy in the United States, NAHMA publishes this annual listing of affordable units containing at least one of the following federal subsidies: HUD Project-based Assistance, Section 42 LIHTC, HOME funds, USDA Section 515, or Bonds. 

HUD recently released the FY2013 NOFA for Choice Neighborhoods Implementation Grants on the Grants.gov website. HUD will make approximately $109 million in grants to revitalize public and HUD-assisted housing and transform communities. Individual grant awards may be for up to a maximum of $30,000,000.

The National Housing Conference and California Housing Partnership have published a new guide titled “Veterans Permanent Supportive Housing: Policy and Practice”.

The House of Representatives Appropriations Committee recently approved FY 2014 spending caps, known as 302(b) allocations, for its 12 individual appropriations Subcommittees, including the Transportation-HUD (T-HUD) and Agriculture-Rural Development Subcommittees.

HUD has published a notice in the Federal Register announcing the FY-2013 Annual Adjustment Factors (AFF) for adjustment of contract rents for units assisted in certain Section 8 housing assistance payment programs during the initial (i.e., pre-renewal) term of the HAP contract and for all units in the Project-Based Certificate program.