HUD

HUD recently issued Notice PIH-2013-11 to provide instructions for submitting requests for Subsidy Layering Reviews (SLRs) according to various guidelines.

NH&RA hosted nearly 150 professionals at the 2013 Spring Developers Forum May 7-8 in Marina del Rey, CA. All conference materials, Power Point presentations, relevant articles, reports, memos, etc. are available for review.

The Departments of Justice (DOJ) and Housing and Urban Development (HUD) have released new guidance on design and construction requirements under the Fair Housing Act.

In accordance with Section 206A of the National Housing Act, HUD has adjusted the Basic Statutory Mortgage Limits for Multifamily Housing Programs for Calendar Year 2013.  Effective Date: January 1, 2013.

HUD’s Office of Multifamily Housing recently issued a memo providing guidance for processing requests by mortgagees to reduce the interest rate on an insure mortgage loans and to clarify HUD’s processing procedures to reduce the interest rate and re-amortize the loan.

HUD recently released Notice H 2013-12 to update and replace Notice 2009-10, which defined the Department’s initial procedures for processing certain Section 202 Supportive Housing for the Elderly projects and Section 811 Supportive Housing for Persons with Disabilities under a delegated processing system.

HUD’s FHA Commissioner, Carol Galante, recently released a statement on President Obama’s FY 2014 HUD budget request. According to Galante, “the President’s budget demonstrates how we can invest in the things we need to grow our economy, create jobs and strengthen the middle class while further reducing the deficit in a balanced way.”

Senators Charles Schumer (D-NY) and Robert Menendez (D-NJ) recently announced they are set to introduce the Hurricane Sandy and National Disaster Tax Relief Act of 2012. In addition, the Obama Administration recently sent a $60.4 billion supplemental spending request to Congress that details means for responding to Hurricane Sandy.

The NH&RA Advocacy Archive was created to provide a one-stop-shop for NH&RA members who are interested in advocating to elected officials to support key affordable housing and tax credit programs. We have collected a variety of documents, reports, templates and best practices that should be helpful in this effort. Please note this is a work in progress–check back often as we add additional resources.

Conference materials are now available for the 2013 NCHMA Multifamily Housing Exchange and NH&RA’s New Markets Tax Credit Symposium, which took place in Washington, DC April 2-4.

NH&RA was thrilled to welcome over 250 participants to the Loews Miami Beach Hotel in South Beach for our 2013 Annual Meeting. All conference materials, Power Point presentations, relevant articles, reports, memos, etc. are available below under the relevant session titles.

HUD recently released the FY 2013 NOFA for Choice Neighborhoods Planning Grants. Individual grant awards may be for up to a maximum of $500,000. HUD notes that because FY 2013 full-year spending, the availability of funding for the program and the total amount available for Planning Grants has not yet been determined.