Federal / Agency News
HUD Releases New Median Zip Code Rents for Section 8 Renewal Rent Comparability Studies
Section 9-23 of the new Section 8 Renewal Policy Guide provided instructions for comparing the median rents as derived by the appraiser in a RCS with Census Bureau estimates of the median rents in the project’s zip code. HUD has recently published the new median zip code rents and the 140 percent thresholds.
Obama Seeks to Leave Behind Strong Affordable Housing Programs
The President’s proposed FY-2017 budget shows support for several of the key tax credit, HUD, and rural development programs that spur the development of affordable housing by private developers.
FY-2016 Funding Round Opens for Capital Magnet Fund
CDFIs and qualified non-profits can use Capital Magnet Fund awards to create financing tools such as loan loss reserves, revolving loan funds, risk-sharing loans, and loan guarantees.
FHA Updates Multifamily Accelerated Processing Guide
The new MAP Guide delegates more underwriting responsibility to approved “MAP lenders” and includes all relevant guidance published by FHA since the MAP Guide was last updated in 2011.
CDFI Fund Opens 2016 Funding Round for Capital Magnet Fund
Funds are available to CDFIs and qualified non-profit organizations. Capital Magnet Fund awardees are able to utilize funds to create financing tools such as loan loss reserves, revolving loan funds, risk-sharing loans, and loan guarantees. Applications are due March 16.
CDEs Request $17.6B in NMTC Allocations in 2015 Round
The CDFI Fund received 238 applications for New Markets Tax Credit allocations from 43 states, the District of Columbia, Puerto Rico, and Guam. The CDEs requested more than 5 times the available authority of $3.5 billion.
HUD Offers Funds in Search for Senior Housing Solutions
Funding made available under this NOFA must be used to fund supportive services in eligible existing HUD-assisted multifamily developments targeted to elderly households. Applications are due no later than Monday, April 18, 2016.
HUD Posts FAQ for PFS Permanent Supportive Housing Demonstration
HUD released answers to frequently asked questions regarding the Pay for Success Permanent Supportive Housing Demonstration. The demonstration aims to develop a model for a population continuously cycling between the criminal justice system and homeless services.
NH&RA Attends HUD RAD Listening Session on Fair Housing
On Tuesday, January 5, HUD hosted a listening session focused on fair housing standards related to HUD’s Rental Assistance Demonstration program. Before attending the session, NH&RA Executive Director worked with our RAD User Group to compile feedback for HUD officials. During the session, developers, public housing authorities, and fair housing advocates provided comments to senior and program leadership from HUD offices involved in public housing, multifamily housing and fair housing.
HUD Publishes Fair Housing Resources
Local governments and their partners who receive CDBG, HOME, ESG, or HOPWA formula funding from HUD will use the AFFH Assessment Tool.
HUD Releases AFFH Assessment Tool
HUD has released the AFFH Assessment Tool that local governments and their partners will use this tool to conduct and submit their own Assessments of Fair Housing if they receive CDBG, HOME, ESG, or HOPWA funds.
Priya Jayachandran Confirmed as HUD DAS for Multifamily Housing
Priya Jayachandran is the new Deputy Assistant Secretary for Multifamily Housing at the U.S Department of Housing and Urban Development. She stepped into the role on December 15, 2015, when Ben Metcalf moved on to lead the California Department of Housing and Community Development.