News
Joel Baxley Appointed as New Rural Housing Service Administrator
On April 19, USDA Secretary Sonny Perdue announced his appointment of Joel Baxley to the Administrator position. Mr. Baxley will report directly to Anne Hazlett, Assistant to the Secretary for Rural Development.
HUD Training for RAD Conversions
The Office of Multifamily Housing’s Recapitalization division invites you to join us for a RAD conference on May 17-18. While the conference is open to all, the content will be particularly geared towards preparing PHAs who are new participants in RAD to execute on well-planned and efficient conversions that best address local needs and priorities. […]
RAD 2018 Closing Timelines and New Mod Rehab Contract Materials Released
An update from HUD’s Office of Recapitalization.
President Signs Omnibus Legislation into Law, 10% Increase for HUD, LIHTC Improvements
On March 23, President Trump signed into law the 2018 omnibus spending bill (HR 1625). Bill language was released late Wednesday night and the House of Representatives and Senate subsequently passed the bill on Thursday. The news of passage comes shortly after President Trump threatened via Twitter to veto the bill on Friday morning. The […]
HUD Opens Registrations for CNA e-Tool Virtual Classroom Training
The 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.
Call to Action: Encourage Your Senator to Join Sign-On Letter Requesting $12.2 Billion for HUDs Project-Based Rental Assistance
Senators Jeff Merkley (D-OR) and Bob Menendez (D-NJ) invite their colleagues to sign on to their “Dear Colleague” support letter requesting $12.2 billion in funding for HUD’s project-based rental assistance. Please encourage your senators to sign this letter.
HUD Awards $28 Billion in CDBG Disaster Recovery Funds
The $28 billion is a record high and comes from congressional appropriations made by the Bipartisan Budget Act of 2018 (PL 115-123).
Treasury Recommends Clarity, Expansion of Activities in CRA Modernization Memo
The memo points out that much has changed since CRA was enacted over forty years ago. Since that time, the rise of interstate banking, mortgage securitization advancements, and internet/mobile banking along with many other changes, have created a need for modernizing CRA.
RAD: HUD Provides New Resources on Conversion of Moderate Rehab Contracts
Several new resources on the Rental Assistance Demonstration (RAD) for Moderate Rehabilitation (Mod Rehab) owners are posted to the HUD Exchange.
HUD Releases 2018 Income Limits
The limits determine eligibility for assisted housing programs including Public Housing, Sec. 8 project-based, Sec. 8 Housing Choice Voucher, Sec. 202, and Sec. 811.
Novogradac Blog Examines Implementation and Issues Regarding Income-Averaging
A recent Notes from Novogradac blog post discusses the implementation of the income averaging election set-aside for low-income housing tax credit (LIHTC) properties created by the Consolidated Appropriations Act, 2018.
GAO Finding: HUD Should Improve RAD Program Metrics
GAO makes five recommendations in the report, all of which HUD agreed with. The recommendations all relate to either improving leveraging metrics, monitoring enforcement of resident safeguards, and RAD compliance monitoring.