Federal / Agency News
Comments on HUD’s Mark-to-Market Proposed Rule Due Sept. 14
HUD released a proposed rule on rent adjustments in its Mark-to-Market Program, which would revise the Mark-to-Market program regulations to clarify that all annual rent adjustments for projects subject to a restructuring plan are by application of an operating cost adjustment factor established by HUD. Comments are due by September 14.
Senator Harris Proposes Protections for Renters and Homeowners in RELIEF Act
Senator Kamala Harris (D-CA) announced the Rent Emergencies Leave Impacts on Evicted Families (RELIEF) Act on July 16, legislation aimed at keeping residents in their homes during the COVID-19 pandemic.
Sign-On Letter Urging HUD to Postpone REAC Inspections through 2020
NH&RA is leading a sign-on letter urging HUD to extend the current moratorium on Real Estate Assessment Center (REAC) inspections for all Multifamily programs through the end of 2020, except where there is a documented threat to health and safety at a property. The letter also requests that HUD waive the 14-day property specific scheduling notice and permit a 30-day scheduling notification. Click
House Appropriations Committee Advances FY 2021 HUD Funding
Yesterday, the full House Committee on Appropriations voted along party lines to approve the fiscal year (FY) 2021 Transportation, Housing and Urban Development and Related Agencies (T-HUD) bill. A summary of the HUD provisions can be found here. The full committee added the and amendment that allows certain CDBG-DR grantees to request relief from recaptures for overpayments.
New HUD Guidance for Property Owners and FHA Borrowers
The eviction moratorium for HUD-assisted multifamily properties authorized by the CARES Act will expire on July 24. Last week, HUD’s Office of Multifamily Housing published guidance for multifamily property owners on promoting housing stability during the pandemic. Separately, HUD published Notice H 2020-7, Coronavirus Aid, Relief and Economic Security (CARES) Act Eviction Moratorium that extends […]
HUD’s OAMPO Issues Guidance on Processing Special Claims for Vacancy
HUD’s Office of Asset Management and Portfolio Oversight (OAMPO) has issued a memo providing instructions for processing special claims for vacancy for properties affected by COVID-19. This memo expands the applicability to properties being developed under the Rental Assistance Demonstration (RAD) program. For properties undergoing initial rent-up the 60 days starts as of the date of the permission to occupy the unit or the effective date of the contract, whichever is later.
Audited Financial Reporting Deadline Extended to Sept. 30 for HUD’s Multifamily West Region
HUD’s Multifamily West Region is extending the audited financial reporting deadlines until September 30, 2020. This waiver is limited to entities, which are required to submit the referenced annual financial information on or before June 30, 2020.
HUD’s Health@Home Webinar Series – Summer and Fall 2020
The Health@Home webinar series consists of four webinars that provide affordable housing rehabilitation specialists and program managers with information on integrating healthy housing techniques into their rehabilitation projects and best practices from practitioners who have successfully implemented these techniques.
Research Finds Positive Outcomes for Residents in RAD Converted Properties
In a recent issue of Health Affairs focusing on investments in social determinants of health, a new study examined how renovations of a property in Queens, NY that converted through RAD may improve the health of public housing residents.
HUD released the full report, “Examining the Effects of the Rental Assistance Demonstration (RAD) on Children Living in Public Housing in Fresno, California,” which assessed outcomes and the well-being of children living in developments that have undergone rehab and conversion under RAD.
House Passes Infrastructure Bill
Last week the House of Representatives passed a $1.5 trillion infrastructure package (H.R. 2), which includes several housing provisions. A summary of the housing provisions in the bill can be found here. The measure passed by a vote of 233 to 188, with three Republicans crossing party lines to support it and two Democrats breaking […]
House Appropriations Committee Passes FY-2021 HUD Funding Measure
On June 7, 2020 the House Appropriations Committee released its draft fiscal year 2021 Transportation, Housing and Urban Development, and Related Agencies funding bill. The measure was adopted by the Subcommittee on July 8, 2020. The measure heads next to the Full Committee for an additional markup. The bill provides a total of $50.6 billion […]
HUD Publishes Housing Notice Extending Moratorium on Evictions for HUD Mortgages in Forbearance
On July 1, 2020, HUD published Housing Notice (2020-7), Coronavirus Aid, Relief, and Economic Security (CARES) Act Eviction Moratorium that extends the moratorium on evictions for all HUD-insured or HUD-held mortgages while under forbearance, and also provides guidance on tenant protections for multifamily properties not subject to forbearance and those with HUD-assisted units.