News
NYC: Zoning for Coastal Flood Resiliency
New York City’s Department of City Planning recently released Zoning for Coastal Flood Resiliency, a set of recommendations that would improve upon and make permanent existing temporary zoning rules that were adopted on an emergency basis after Hurricane Sandy.
FHFA Staff Appointments
The Federal Housing Finance Agency (FHFA) has announced that Clinton Jones, Lynn Fisher and Matt Grinney will join the Agency. Jones has been named Senior Advisor for Legal Affairs and Policy, Fisher will serve as Senior Advisor for Economics and Grinney will be a Senior Communications and Policy Advisor.
Jen Larson Named Director for the Rural Development Multi-Family Housing Portfolio Management Division
USDA Rural Development (RD) announced today that Jen Larson has accepted the position of Director for the Multi-Family Housing Portfolio Management Division, effective May 28, 2019.
House Approves 302(b)s for FY 2020 Appropriations
The House Appropriations Committee recently approved FY 2020 allocations for its 12 subcommittees, known as 302(b)s. The allocations total $1.295 trillion in discretionary funding and were approved on a 30-22 vote.
HUD Issues Guidance on How to Enforce a Zero REAC Score for Refusal to Schedule an Inspection Based on 14-Day REAC Guidance
On May 1, Deputy Assistant Secretary in HUD’s Office of Multifamily Housing Program Lamar Seats sent a memo to HUD field offices titled “What to Do When a Project Receives a Zero as a Result of an Owner Refusing to Allow HUD to Inspect.”
HUD Awards $1.5 Billion To Support Disaster Recovery in 7 States
HUD awarded nearly $1.5 billion to support seven states in their recovery from 2018 disasters, including Hurricane Michael, Hurricane Florence and wildfires in California.
HUD HFSC Oversight Hearing May 21
On May 21 at 10 am, the full House Financial Services Committee (HFSC) will hold a hearing, titled “Housing in America: Oversight of the U.S. Department of Housing and Urban Development.”
HUD Issues Proposed Rule on Mixed Status Households in HUD-Assisted Housing – Comments Due July 9
HUD released a proposed rule that would prohibit mixed immigration status families from living in public and other HUD-assisted housing. The proposed rule would require the verification of the eligible immigration status of all household members and would make prorated assistance temporary until the eligibility for housing assistance has been determined.
HUD Offers Incentives for Investments in Opportunity Zones
HUD’s Housing Notice 2019-07 provides incentives for multi-family property owners to invest in Opportunity Zones across the nation. Applicants to FHA’s Section 221(d)(4), Section 220 and Section 223(f) will be eligible for significantly lower application fees provided the property is located within an Opportunity Zone.
ACTION Campaign Releases Updated National & State LIHTC Factsheets
The ACTION Campaign released updated national and state factsheets that show the impact of the LIHTC in all 50 states and the District of Columbia. In addition to the regular information on homes developed or preserved, jobs supported and the need for affordable housing, this year’s factsheets also include estimates on how many homes could be built with a 50 percent LIHTC increase.
Tidwell Group Welcomes Justin Heberling, Names Joel McDowell as Birmingham Managing Partner
The Tidwell Group welcomed Justin Heberling as its newest partner in the firm’s Birmingham, AL office. The Tidwell Group also announced Joel T. McDowell, CPA as the Firm’s Birmingham Office Managing Partner.
HUD to Release RAD Revision 4 in June
HUD now expects to release the RAD revised notice (RADRev4) with modest changes to the public housing component and thorough instructions for the new RAD-for-PRAC authority in early to mid-June 2019. While waiting for RADRev4 there is plenty PHAs and their partners can do now to take advantage of recent flexibilities with RAD and other HUD preservation-redevelopment tools.