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.
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.
HUD: Recent RAD Evaluation Report Shows Program is Working Well
The independent assessment examines data up through October 2015. During that time, $2.5B was secured by 185 projects.
HUD: Due Dates for Closing Transactions Involving PHAs
HUD recently released a memo regarding the due dates for mixed-finance transactions intended to close by December 31, 2016.
HUD Publishes Final Rule on Quid Pro Quo and Hostile Environment Harassment
While harassment has been formally recognized for some time in employment law, it has lacked formal standards and processes in fair housing law.
Congress Returns from Recess; Fiscal Calendar Ends Sept. 30th
It is safe to say a continuing resolution is on the horizon.
HUD Names New Southwest Multifamily Regional Director
Mary Walsh was announced as the new Southwest Multifamily Regional Director for the Department of Housing and Urban Development (HUD).
HUD Publishes FY 2017 Fair-Market Rents
HUD recently posted Fiscal Year 2017 Fair-Market Rents (FMR) to the huduser.gov site.
FHFA Increases Multifamily Lending Caps for GSEs
The increase comes in light of continued high levels of property acquisitions and deliveries of newly constructed apartment units…