Qualified Allocation Plans
New Jersey Suspends Rent Increases for Agency-Financed Properties
NJHMFA has obtained the approval of the Governor as well as unanimous consent of the NJHMFA Board to suspend the rent increase rules for the duration of Executive Order 103. The suspension is effective as of April 16, 2020.
Michigan Further Extends LIHTC Application Deadline to June 1
The Michigan State Housing Development Authority is extending the May 1, 2020 LIHTC application deadline until June 1, 2020.
Florida Urges Against Rent Increases, Issues Eviction and Foreclosure Moratorium
Florida Housing strongly urges property owners and managers of properties funded by Florida Housing to suspend rent increases during the COVID-19 pandemic. April 2, Governor Ron DeSantis issued Executive Order 20-94, providing targeted, temporary relief from certain mortgage foreclosures and evictions for 45 days.
California HCD Guidance on Reporting Requirements, Compliance Monitoring
The California Department of Housing and Community Development’s (HCD) Asset Management and Compliance Branch created guidance related to asset management and compliance functions for projects in HCD’s portfolio. The guidance will be in effect beginning April 16, 2020 and re-evaluated on a continual basis.
Massachusetts DHCD Issues FAQ on COVID-19 Rent Increases
On April 8, the Massachusetts Department of Housing and Community Development issued a FAQ document on rent increases in units with rental assistance during COVID-19 emergency.
Virginia Offers Mortgage Forbearance for State Financed Loans
Virginia Housing Development Agency (VHDA) will offer a mortgage forbearance program for VHDA financed loans, loans through the Department of Housing and Community Development and the Virginia Housing Trust Fund.
Texas Guidance on the Use of Special Reserve Accounts for Tenant Benefit
The Texas Department of Housing and Community Affairs (Department) encourages developments with Special Reserve Accounts to use these funds to provide grants of assistance to tenants who have had a sudden loss of income or increased household costs due to the COVID-19 pandemic, and offers the following policy for implementation.
New Hampshire Updates Underwriting Standards, Development Policies
The New Hampshire Housing Finance Authority’s (NHHFA) Underwriting Standards and Development Policies for Multi-Family Finance have been updated in response to feedback received and to better align the standards with current underwriting practices.
Minnesota Extends Stay-at-Home Order through May 3
On April 8 Minnesota Governor Tim Walz signed Executive Order 20-33, which extends the state’s initial stay-at-home order through May 3.
Indiana Extends Nine Percent Application Deadline; Suspends Four Percent Applications
The Indiana Housing & Community Development (IHCDA) changed the 2021 nine percent application due date from July 27 to 120 days after the termination of the Governor’s Executive Order for stay at home restriction.
Connecticut Issues Safe Workplace Rules for Construction Sites
The Connecticut Department of Economic and Community Development (DECD) published Safe Workplace Rules for Essential Employers. In addition to general guidelines for all essential employers, DECD included a section specifically regarding construction sites:
Colorado Hosts Compliance Q&A Webinar on April 16
The Colorado Housing and Finance Authority (CHFA) Compliance staff will hold a webinar at 10:00 am MT on April 16 to review its COVID-19 guidance to date. Register here.