HUD issued Notice H 2024–04 extending the updated Tenant Selection Plans to include HOTMA provisions from March 31, 2024 to May 31, 2024.
Owners are still required to make the revised Tenant Selection Plan publicly available. And it’s important to note that owners must continue to follow their existing Tenant Selection Plans and Enterprise Income Verification (EIV) policies & procedures until the owner’s software is compliant with TRACS 203A.
On Monday, the U.S. Supreme Court heard oral arguments in City of Grants Pass, Oregon v. Johnson.
HUD announced an increase in deductibles for wind and named insurance coverage for multifamily properties financed with FHA-insured mortgages as a measure to address rising wind and storm insurance costs in recent years with extreme weather events expected to continue.
The Environmental Protection Agency (EPA) awarded grants under the $7 billion Solar for All program, which will create or expand existing low-income solar programs.
The decoupling of rental assistance from Section 514/515 loans under the Consolidated Appropriations Act of 2024 will now permit properties with Section 514/515 maturing mortgages to continue to receive rental assistance to further preserve affordable housing. A stakeholder engagement session is being held on April 25 at 2 p.m. ET and those interested in participating are encouraged to register.