Federal / Agency News

The plan might inadvertently benefit affordable housing by lifting state volume caps on Private Activity Bonds, but it does not outline additional funding for affordable housing. While savings from cuts to the Department of Transportation would be sent back to that same Department in the form of grants, the same would not be true for HUD, whose cuts would also ostensibly pay for the infrastructure plan, but as affordable housing is not a part of the plan, HUD would receive nothing back in return.

The cut to the Department’s budget means proposed elimination for several programs, while a select few programs are kept at level or awarded increased funding. While Congress will not take the numbers to heart, a rent hike or work requirements for able-bodied families receiving rental assistance is possible.

The January 2018 edition of RADTalk, HUD’s RAD Newsletter, is celebrating $5 billion of construction activity for 2017. Furthermore, the recent issues also takes a deep dive into RAD Mod Rehab transactions.

The Federal Housing Finance Agency recently published the final rule stipulating housing goals for Fannie Mae and Freddie Mac for the next two years. The majority of both single family and multifamily goals remain the same from the previous two years. The GSEs must now support 315,000 rental homes serving 80% AMI or lower, an […]

Without an agreement, the law would reduce spending to $549 billion for defense and $516 billion for nondefense. Under the bi-partisan deal, those caps would be increased in FY 18 by $63 billion for non-defense domestic spending and $80 billion for defense spending.

HUD has released an updated report of recently released instructional materials as well as revisions dealing with various errors.

On January 26, President Trump announced his intent to nominate Seth Appleton to be Assistant Secretary, Policy Development & Research, at HUD. Mr. Appleton currently serves as an Acting Assistant Secretary and General Deputy Assistant Secretary at the Department of Housing and Urban Development, where he manages the Department’s congressional and intergovernmental relations. He previously served […]

Last year the Advisory Council on Historic Preservation and the U.S. Department of Housing and Urban Development (HUD) established a new joint Award for Excellence in Historic Preservation to honor outstanding historic preservation efforts with affordable housing and community revitalization successes. Agencies, developers, and organizations are encouraged to nominate projects or activities that advance the […]

The Preservation Working Group, a national coalition of affordable housing owners, developers, advocates, tenant associations, and state and local housing agencies, recently submitted a comment letter to HUD regarding two sources sought notices from The Department for HAP Contract National Support Services and HAP Contract Regional Support Services. The letter, which NH&RA joined as a […]

Recent reports have brought to light that Republicans may have put several offers on the table in spending negotiations, as the current Continuing Resolution expires on February 8. One such proposal is to raise the spending caps by $80 billion for defense and $63 billion for nondefense, more recently, however, that proposal has reportedly changed […]

The announcement came last week in an interagency statement from the Federal Deposit Insurance Corporation, Federal Reserve Board of Governors, and Office of the Comptroller of the Currency: financial institutions will receive favorable Community Reinvestment Act (CRA) consideration for activities that revitalize or stabilize the U.S. Virgin Islands and Puerto Rico, regardless of where the […]

As previously announced, beginning February 1, 2018, Public Housing Agencies (PHAs) and their development partners will be able to enter Part 50 Environmental Reviews directly into HUD’s on-line environmental system, known as HEROS. HUD will be hosting a HEROS training on February 1, 2018, from 1:00 to 3:00 pm EST to help PHAs and their […]