RAD 2018 Closing Timelines and New Mod Rehab Contract Materials Released
An update from HUD’s Office of Recapitalization.
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HUD Opens Registrations for CNA e-Tool Virtual Classroom Training
The CNA e-Tool Virtual Classroom Curriculum is designed to provide small groups of participants a chance to learn about and discuss aspects of the Assessment Tool and the Submission Portal.
Read MoreCall to Action: Encourage Your Senator to Join Sign-On Letter Requesting $12.2 Billion for HUDs Project-Based Rental Assistance
Senators Jeff Merkley (D-OR) and Bob Menendez (D-NJ) invite their colleagues to sign on to their “Dear Colleague” support letter requesting $12.2 billion in funding for HUD’s project-based rental assistance. Please encourage your senators to sign this letter.
Read MoreHUD Awards $28 Billion in CDBG Disaster Recovery Funds
The $28 billion is a record high and comes from congressional appropriations made by the Bipartisan Budget Act of 2018 (PL 115-123).
Read MoreTreasury Recommends Clarity, Expansion of Activities in CRA Modernization Memo
The memo points out that much has changed since CRA was enacted over forty years ago. Since that time, the rise of interstate banking, mortgage securitization advancements, and internet/mobile banking along with many other changes, have created a need for modernizing CRA.
Read MoreRAD: HUD Provides New Resources on Conversion of Moderate Rehab Contracts
Several new resources on the Rental Assistance Demonstration (RAD) for Moderate Rehabilitation (Mod Rehab) owners are posted to the HUD Exchange.
Read MoreHUD Releases 2018 Income Limits
The limits determine eligibility for assisted housing programs including Public Housing, Sec. 8 project-based, Sec. 8 Housing Choice Voucher, Sec. 202, and Sec. 811.
Read MoreNovogradac Blog Examines Implementation and Issues Regarding Income-Averaging
A recent Notes from Novogradac blog post discusses the implementation of the income averaging election set-aside for low-income housing tax credit (LIHTC) properties created by the Consolidated Appropriations Act, 2018.
Read MoreGAO Finding: HUD Should Improve RAD Program Metrics
GAO makes five recommendations in the report, all of which HUD agreed with. The recommendations all relate to either improving leveraging metrics, monitoring enforcement of resident safeguards, and RAD compliance monitoring.
Read MoreCapital Magnet Fund 2017 Round Awards 40 Organizations $120 Million
The awardees include 25 certified Community Development Financial Institutions and 15 non-profit housing organizations. They will collectively serve 40 states and the District of Columbia.
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