General News
HUD Permits Waivers for Section 223(f) Projects
The U.S. Department of Housing and Urban Development has issued a new notice (H 09-08) that gives HUD Multifamily Hub Offices temporary authority to grant waivers of the standard “three-rule rule” for projects applying for HUD Section 223(f) multifamily mortgage insurance.
HUD Issues Market Analysis Reports for Mobile, St. George, Grand Junction
The U.S. Department of Housing and Urban Development has released new Comprehensive Housing Market Analysis reports for Mobile, Ala.; St. George, Utah; and Grand Junction, Colo.
HUD Issues Notice, Mortgagee Letter on 2008 Housing Credit Amendments
The U.S. Department of Housing and Urban Development (HUD) on July 29 issued new guidance to further clarify and ease the use of FHA multifamily mortgage insurance for projects that utilize low-income housing tax credits or tax-exempt financing.
HUD Publishes Proposed 2010 Fair Market Rents
The U.S. Department of Housing and Urban Development has released its proposed 2010 Fair Market Rents.
Treasury Now Accepting Applications for Renewable Energy Projects
The U.S. Treasury Department recently announced that it is accepting applications for the Section 1603 program, provided by the American Recovery and Reinvestment Act (ARRA).
Report Shows Decline in Apartment Application Processing Rates
RentGrow, a Massachusetts-based resident screening firm, recently released a report entitled “Trends in Applicant Traffic and Quality,” which shows a decline in the number of applicants communities are processing per apartment.
GAO Recommends Further Guidance on Disaster CDBG Grants
The Government Accountability Office (GAO) recently conducted a report to study the impact of the Community Development Block Grant (CDBG) disaster program in Louisiana and Mississippi.
HUD Assistant Secretary for Policy Development and Research Sworn In
Dr. Raphael Bostic has been sworn in as the Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development. He was confirmed by the U.S. Senate on July 10, 2009.
Financial Services Committee Approves Section Eight Housing Voucher Reform
The House Financial Services Committee has approved H.R. 3045, the Section Eight Voucher Reform Act of 2009. This measure would reform the Section 8 Housing Choice Voucher Program, which provides rental housing assistance to 2 million low-income families nationwide.
House Financial Services Committee Holds Markup Session on Section 8 Legislation
The U.S. House of Representatives’ Financial Services Committee convened on July 8 to markup proposed legislation, H.R. 3045, to reform the housing choice voucher program under Section 8 of the United States Housing Act of 1937.
HUD Secretary Delivers Speech on Energy Efficient Development; Delivers Details On HOPE VI Successor Program
U.S. Housing and Urban Development Secretary Shaun Donovan delivered the Keynote Address at HUD’s 2009 HOPE VI Green Building and Energy Efficient Development Conference on June 25 in Washington, DC.
Donovan Offers Testimony at House Financial Services Committee Hearing on Preservation
Members of the U.S. House of Representatives’ Financial Services Committee convened for a public hearing on June 25 to discuss issues and receive testimony from HUD Secretary Shaun Donovan related to proposed legislative options for preserving federally- and state-assisted affordable housing and preventing displacement of low-income, elderly and disabled tenants.