HUD

NH&RA News

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

HUD

Secretary Fudge to Retire on March 22

HUD Secretary Marcia Fudge announced her retirement and resignation from the position of Secretary of HUD, effective March 22, 2024.

Presidential Seal

Biden-Harris Administration Releases FY 2025 Budget Request; Housing Featured in State of the Union

Earlier this week, the Biden-Harris administration released its Fiscal Year (FY) 2025 budget request, which serves as a marker for policy priorities, especially during a presidential election year.

Presidential Seal

Biden-Harris Administration Extends FFB Risk-Sharing Program Indefinitely

The Biden-Harris administration announced new actions to boost housing supply and lower housing costs, including an indefinite expansion of the Federal Financing Bank (FFB) Risk-Sharing program.

HUD

HUD Publishes Budget Based Rent Adjustments for Mark-to-Market (M2M) Properties Notice, Training March 12

HUD’s Office of Multifamily Housing Programs published Housing Notice 2024-05, which allows budget-based rent adjustments (BBRA) for Section 8 project-based rental assistance housing assistance payment contracts at properties subject to a M2M Use Agreement.

HUD

HUD Extends Deadline to Update Tenant Selections Plans

HUD issued Notice H 2024–04 extending the updated Tenant Selection Plans to include HOTMA provisions from March 31, 2024 to May 31, 2024. 

HUD

Proposals for HUD’s Innovative Housing Showcase Exhibitors Due March 29

HUD issued a notice requesting proposals from exhibitors to showcase innovations for the Innovative Housing Showcase in June of this year in Washington, DC.

HUD

HUD Updates Discretionary Policies for Owners Implementing HOTMA

HUD published a revised HOTMA Implementation Notice (Notice H 2023-10) that now includes information to address the asset limitation found in Section 104 of the Housing Opportunity Through Modernization Act of 2016.

HUD

Green and Resilient Retrofit Program (GRRP) Updates

HUD has awarded just over $295 million during the first four of the 12 GRRP funding rounds.

HUD

HUD Seeks Feedback on RAD Closing and Post-Closing Processes

HUD Recap is hosting a listening session on January 24 at 12:00 p.m. ET. The facilitated listening session is part of the Closing and Post-Closing team’s ongoing process evaluation efforts.

House HUD Oversight Hearing Summary  

Last week, the House Financial Services Committee held an Oversight Hearing with HUD Secretary Marcia Fudge. The meeting centered around the rise of housing supply, unaffordability, homelessness and the conditions of public housing.  

HUD

HUD Notice Changes Income Limit Caps; Limits LIHTC and PAB Rent Increases to Ten Percent

A new HUD notice sets an absolute annual cap of ten percent on income limit increases for housing financed by LIHTCs, private-activity bonds (PABs) and for various HUD programs, including Section 8.

HUD

HUD Publishes Notice for GRRP Supplement 

HUD’s Office of Multifamily Housing Programs published a Housing Notice titled Green and Resilient Retrofit Program (GRRP) Supplemental – Notice A to add flexibility in both grant and supplemental loan funds, as well as other administrative changes, that will enhance owners’ and developers’ ability to leverage GRRP funds for energy efficiency and climate resilience upgrades and rehabilitation projects.

[Page 1 of 149 ]