Last week Congress and the President averted another shutdown by passing funding for the remainder of FY 2019, which runs through Sept. 30, 2019. Overall, the bill provides HUD programs with more than $12 billion above the President’s request and provides $1.5 billion in new resources in FY 2019.
Read MoreRED Mortgage Capital, a division of ORIX Real Estate Capital, LLC, has hired Sean Cullen and Ronnie Gyani to lead its multifamily affordable lending activities in the greater New York City area. Cullen and Gyani have worked together since 2010 and both bring a strong level of affordable housing finance experience to RED’s New York and East Coast operations.
Read MoreEvelyn Lim joined the HUD Region Eight team, which covers Colorado, Utah, Wyoming, Montana and North and South Dakota. Prior to her appointment at HUD, she served as the Deputy Chief of Staff for Operations at the Department of Homeland Security (DHS).
Read MoreHUD announced it is reducing the advance notice it provides to public housing authorities (PHAs) and private owners of HUD-subsidized apartment developments before their housing is inspected to ensure it is decent, safe and healthy. HUD’s new standard provides PHAs and private owners of HUD-assisted housing 14 calendar days’ notice before an inspection, a dramatic reduction from the current notice which can frequently extend up to four months.
Read MoreOn Feb. 1, HUD sent proposed changes to its disparate impact regulations to the Office of Information and Regulatory Affairs (OIRA) at the Office of Management and Budget (OMB). OIRA now has up to 90 days to review the changes and send them back to HUD to publish in the Federal Register.
Read MoreThe Office of Multifamily Housing at HUD sent a message to owners with rental subsidy contracts that have expired or are due to expire in February notifying them that HUD is prioritizing their contract renewals.
Read MoreRepresentatives Emanuel Cleaver (D-MO) and Sean Duffy (R-WI) reintroduced the Housing Choice Voucher Mobility Demonstration Act of 2019, which encourages families receiving housing choice vouchers to move to lower-poverty areas, enabling more access to areas of greater opportunity.
Read MoreThe House Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (THUD) will hold an oversight hearing on Tuesday, Feb. 12 at 4 p.m. ET on HUD’s management of rental assistance contracts during the shutdown.
Read MoreThe Deputy Assistant Secretary of HUD’s Office of Multifamily Housing Programs issued two memos regarding the resumption of Multifamily production and asset management activities.
The General Deputy Assistant Secretary for Public and Indian Housing issued a letter that provides information on the status of Housing Choice Voucher (HCV) program funding and the Public Housing Operating Fund under the Continuing Resolution that funds the government through Feb. 15.
Read MoreThe Department of Housing and Urban Development (HUD), the City of New York (City) and the New York City Housing Authority (NYCHA) announced an agreement that will address the longstanding issues at the housing authority’s properties.
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