In response to the mounting Coronavirus public health crisis, NH&RA launched a dedicated section of our website to keep stakeholders apprised of the evolving guidance. The webpage lists all news stories with the COVID-19 tag in the order in which they were added and stories can be filtered by state.
The $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act), H.R. 748, was passed by the House by a voice vote and signed by President Trump on March 27. The House and Senate are both out until April 20, but work has already begun on drafting a fourth Coronavirus aid package. The package is likely to include funding for health systems, frontline healthcare workers, infrastructure, state and local governments and rebates to families and individuals.Read More
The Internal Revenue Service (IRS) told the National Council of State Housing Agencies (NCSHA) that the ten issues for which the NCSHA requested specific guidance are all relevant to the current COVID-19 situation and under active consideration by IRS while they await guidance from Treasury about how to proceed.Read More
The Department of Homeland Security (DHS) has designated the construction of housing as an “Essential Critical Infrastructure Workforce,” as well as leasing, property management and maintenance personnel. This is not a mandatory federal order; this is guidance from DHS that states can follow.Read More
HUD released Fiscal Year (FY) 2020 Income Limits, which are effective as of April 1, 2020. Income limits are set by HUD to determine the eligibility of applicants for HUD’s assisted housing programs. The FY 2020 Multifamily Tax Subsidy Projects (MTSP) Income Limits were also announced and go into effect as of April 1, 2020.Read More
The Institutional Property Advisors (IPA) and Marcus & Millichap surveyed multifamily owners, operators and developers representing nearly 900,000 units across the country to gauge their market sentiment.Read More
HUD recently released its Understanding Whom the LIHTC Serves: Data on Tenants in LIHTC Units as of December 31, 2017 report, which summarizes data received from the state housing finance agencies (HFAs) that administer LIHTC.Read More
All 2020 competitive nine percent reservation applications are now available, all accompanying market studies for applications are available here. Please note the competitive nine round continues on track with original timelines with staff currently reviewing (remotely) all mandatory items.Read More