Federal / Agency News

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’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.

Among other things, GAO found that HUD lacks written policies regarding how service coordinators should be monitored in fulfilling Section 202 requirements.

The webcast, available online, demonstrates how to use the HUD Utility Schedule Model to calculate utility allowances for HOME-assisted rental projects.

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%.

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.

The further guidance recently published by HUD builds on a 2006 supplementary guide and makes changes to that language.

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.

Gresley’s region includes Arizona, California, Hawaii, Nevada, and U.S. territories in the Outer Pacific.

The independent assessment examines data up through October 2015. During that time, $2.5B was secured by 185 projects.

HUD recently released a memo regarding the due dates for mixed-finance transactions intended to close by December 31, 2016.

While harassment has been formally recognized for some time in employment law, it has lacked formal standards and processes in fair housing law.