HUD Tag Archives

Trump Administration Releases FY 2021 Budget Request

President Trump’s Administration released the Fiscal Year (FY) 2021 budget request, “A Budget for America’s Future.” HUD is allocated $47.9 billion in funding, a 15.2 percent decrease over FY 2020 enacted levels with notable zeroing out of the HOME program, Community Development Block Grants (CDBG), Public Housing Capital Fund, Choice Neighborhoods and HOPE VI.

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IRS Guidance to HUD on Average Income AMI Calculations

The Internal Revenue Service (IRS) released Revenue Ruling 2020-04, which clarifies the manner to properly compute the 70 and 80 percent income limits applicable to the LIHTC under Section 42 of the Internal Revenue Code. The 70 percent limit is 140 percent or less of the income limit for a very low-income family of the same size and the 80 percent limited is 160 percent or less of the income limit for a very low-income family of the same size.

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HUD Extends Deadline to Submit Comments on Regulatory Barriers to Affordable Housing

In November, HUD and the White House Council on Eliminating Regulatory Barriers to Affordable Housing issued a Request for Information seeking public comment on Federal, State, local and Tribal laws, regulations, land use requirements and administrative practices that artificially raise the costs of affordable housing development and contribute to shortages in America’s housing supply. Comments were originally due on January 21 and HUD has now extended the deadline to January 31.

HUD Offers Lead Safe Housing Rule Trainings and Resources

HUD’s Office of Lead Hazard Control and Healthy Homes launched new training and web pages to help users review federal lead regulations and the Lead Safe Housing Rule Amendment for pre-1978 housing. The goal of these pages is to help Public Housing Agencies, grantees and owners respond to cases of elevated blood lead levels in children less than six years old living in a federally assisted housing unit.

Missouri Hosts FY2020 Action Plan Mitigation Public Hearings

Missouri will conduct a series of public hearings on its Draft Fiscal Year (FY) 2020 Annual Action Plan, which governs the state’s allocation of the following HUD funds: Community Development Block Grant, HOME Program, Emergency Solutions Grant Program, Housing Trust Fund, Housing Opportunities for Persons with AIDS and Continuum of Care. The 30-day public comment period on the Fiscal Year (FY) 2020 Draft Action Plan begins January 15, 2020 and ends at noon CT on February 14, 2020.

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