News

HUD designated the Difficult to Develop Areas (DDA) and Qualified Census Tracts (QCT) that will be effective July 1, 2016. This is the first year Small Area Fair Market Rents (SAFMRs) were used to designate metropolitan DDAs instead of metropolitan-area Fair Market Rents (FMRs).

HUD answered frequently asked questions regarding the Section 811 project rental assistance program, including environmental review, fair housing, program administration, and requirements.

HUD proposed a rule that would implement a smoke-free policy in all public housing, other than dwelling units in mixed-finance buildings. Comments on this proposed rule are due by January 19.

The 2015 Rental Assistance Demonstration (RAD) Workshop – Shreveport, LA is relevant to PHAs and other RAD stakeholders in HUD’s Region 4 and 6.

Community Development Entities interested in applying for New Markets Tax Credit allocation authority under the 2015 round have until 5:00 pm EST, on December 16, 2015 to submit their application.

Community Development Financial Institutions (CDFI) Fund clarified some key aspects of compliance monitoring in a recent update to its New Markets Tax Credit Compliance Monitoring Frequently Asked Questions document.

According to a recent alert from NixonPeabody, the Bipartisan Budget Act of 2015 includes partnership audit reforms.

Enterprise will offer guidance on engaging members of Congress to restore funding to the HOME program through a series of statewide and national webinars. The Senate Appropriations Committee’s proposed cuts to HOME would essentially defund the program.

WinnDevelopment is transforming the historic former Malden Mills manufacturing site into affordable housing. WNC, which provided approximately $12.7 million in low-income housing tax credit (LIHTC) equity to fund the adaptive reuse project, announced the completion of Malden Mills Phase II – Loft Five50, comprised of 62 units of affordable housing in Lawrence, Mass.

AIA is seeking entries to its AIA/HUD Secretary’s Awards and AIA Housing Awards. Entries to both are due November 20.

The Congressional Budget Office released an updated guide to federal housing programs, entitled Federal Housing Assistance for Low-Income Households (September 2015). For the first time, the guide includes the Rental Assistance Demonstration program.

According to the report, states and communities have invested $26 billion in HOME funds–leveraging an additional $117 billion in public and private resources–to build or preserve nearly 1.2 million affordable homes and provide direct rental assistance to 270,000 families at risk of homelessness since 1992.