Federal / Agency News
NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator
ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
CDFI Fund Releases Draft 2016 Allocation Agreement Closing Document
NH&RA’s New Markets Tax Credit Council will be hosting a call in the near future to discuss these changes and looks forward to your contributions towards a comment letter. Read on for a summary of changes.
HUD Solicits Comment on Draft of Multifamily Asset Management and Project Servicing
Multifamily Housing has released five draft chapters of Multifamily Asset Management and Project Servicing – HUD Handbook 4350.1.
NLIHC Releases Publication on Housing Choice Vouchers and Public Housing Waitlists
Yesterday, the National Low Income Housing Coalition (NLIHC) released Housing Spotlight: A Long Wait for a Home — a report that analyzes the current state of Housing Choice Vouchers (HCV) and public housing waiting lists across the country.
RAD Collaborative Announces Sign-On Letter for RAD in FY 2017 Budget
The FY 2017 appropriations bill in the Senate includes measures to raise the RAD cap to 250,000 units, remove the 2018 sunset of the program, and extend RAD eligibility to Sec. 202. The House bill is without these measures.
HUD: New Energy Benchmarking Requirements for Section 8, Multifamily FHA Insured and PRAC Properties
HUD’s Office of Multifamily Housing published on Tuesday a notice in the Federal Register creating a 60-day period for public comment for new proposed regulations that would require HUD-Assistance and FHA Insured Multifamily Properties to benchmark and report to HUD energy and water utilities.
GAO on Elderly Housing: HUD Needs to Improve Link to Resident Services
Among other things, GAO found that HUD lacks written policies regarding how service coordinators should be monitored in fulfilling Section 202 requirements.
HUD Releases Utility Schedule Model: Calculating Utility Allowances for HOME Webcast
The webcast, available online, demonstrates how to use the HUD Utility Schedule Model to calculate utility allowances for HOME-assisted rental projects.
HUD Sets Operating Cost Adjustment Factors for 2017
The 2017 OCAFs range from no change (Hawaii) to an increase of 2.4 percent (North Dakota). The posted U.S. average is 1.9%.
Senator Wyden Introduces Middle-Income Housing Tax Credit Act of 2016
The bill models after the Low-Income Housing Tax Credit, one key difference being income restrictions, which are set at 100 percent or less of area median income. The credit would provide 50% of qualified basis.
HUD Publishes Guidance on Independent Student Eligibility for Assisted Housing
The further guidance recently published by HUD builds on a 2006 supplementary guide and makes changes to that language.
HUD Releases RAD Closing Documents for 30-Day Public Comment Due Oct. 28
Following a sixty day comment period back in May (in which NH&RA’s RAD Group submitted comments), HUD has now opened the thirty day comment period to consider changes made since then.
HUD: Jon Gresley Named HUD Pacific Regional Administrator
Gresley’s region includes Arizona, California, Hawaii, Nevada, and U.S. territories in the Outer Pacific.