News
HUD Publishes Updated Mortgage Limits for Multifamily Housing
These limits have an effective date of January 1, 2018. New dollar amounts are provided in the Notice for Sections 220, 213, 234, 221 (D)(4), and 231.
HUD Updates Annual Base City High Cost Percentage, High Cost Area, Per Unit Substantial Rehab Threshold
The HUD Office of Multifamily Production has determined areas considered High Cost Areas, and has listed them in the notice.
HUD Allocates $266 Million to HTF
The Housing Trust Fund is purposed with increasing and preserving the supply of rental housing affordable to those with incomes below 50% AMI as well as home ownership opportunities for families with extremely low and low incomes (0-30%AMI and 30-50% AMI).
HUD Hosting RAD for PRACs Listening Session June 7
HUD is interested in hearing from industry participants and stakeholders, including Section 202 project owners, about how you’ve been thinking and planning for conversions, and what issues HUD should consider when developing conversion program requirements for Section 202 PRACs.
IRS Revises Form 8609, Adds Income Averaging Election
Several states have already adopted policies for dealing with the income averaging election while still others remain in the policy formation and comment collection process.
Family Mobility Demonstration Legislation Moves Forward in House
The legislation would allow families living in HUD-supported housing to move to lower-poverty, higher-opportunity areas.
Family Self Sufficiency Program Permanently Reauthorized, Streamlined
On May 24, President Trump signed into law the Family Self-Sufficiency Act which was passed by the House on May 23 as part of a larger piece of legislation (S. 2155).
HUD Extends Deadline for Comment on Renewal Funding Inflation Factors Methodology
HUD’s recent Federal Register Notice announces the release of 2018 Renewal Funding Inflation Factors (RFIFs) used for allocating Housing Choice Voucher funds to PHAs.
C. Lamar Seats Named DAS for Multifamily at HUD; Senate Confirms Brian Montgomery as FHA Commissioner
HUD has announced that C. Lamar Seats as the Deputy Assistant Secretary for the Office of Multifamily Housing Programs. Lamar brings more than 25 years of experience in commercial, market and affordable multifamily mortgage banking through his previous leadership roles with various lending institutions. Immediately before beginning his Federal career with HUD, Lamar was a Managing […]
HUD Suspends Affirmatively Furthering Fair Housing Rule Indefinitely
On May 23, HUD has issued three separate but related notices in the Federal Register indefinitely suspending the implementation of the 2015 Affirmatively Furthering Fair Housing (AFFH) rule and removing its Assessment of Fair Housing (AFH) tool for local governments. This was achieved by withdrawing the Local Government Assessment Tool developed by HUD for use by local […]
CDFI Fund Opens 2018 NMTC Funding Round, Apps Due June 28
The CDFI Fund recently released the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2018 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2018 round.
HUD CNA e-Tool Virtual Classroom Trainings Announced, Registration Open
The Capital Needs Assessment (CNA) e-Tool Virtual Classroom Curriculum is designed to provide small groups of participants a chance to learn about and discuss aspects of the Assessment Tool and the Submission Portal.