HUD

We are pleased to welcome Pat Costigan, Special Adviser to the Secretary, U.S. Department of Housing and Urban Development, as the keynote speaker at this year’s National Council of Real Estate Market Analysts Annual Meeting, September 6-7 at the Conrad Hotel in Chicago.

HUD has released a Preview of Data for its U.S. Housing Market Conditions report for the second quarter of 2012. The quarterly report is a compilation of statistical data and written reports.

HUD released a notice to announce changes to the mortgage insurance premiums (MIPs) for certain Federal Housing Administration (FHA) Multifamily Housing, Health Care Facilities, and Hospital Mortgage Insurance programs for commitments to be issued or reissued in FY 2013.

HUD recently published Housing Notice H 2012-14 which requires property owners that receive Housing Assistance Payments (HAP) to offset monthly subsidies with funds from their Residual Receipts account. The new policy outlines the obligations and duties of owners and the responsibilities of HUD Field staff in processing and monitoring the use of residual receipts.

HUD will be offering several HOME training programs across the country over the next several months.

HUD’s Office of Public and Indian Housing (PIH) recently published the final implementation notice, Notice PIH 2012-32, for its Rental Assistance Demonstration (RAD) program. RAD was authorized in the 2012 HUD appropriations bill, H.R. 2112.

HUD recently released its proposed fair market rents (FMRs) for FY 2013. FMRs are used to determine payment standards for the Housing Choice Voucher (HCV) program, to determine initial renewal rents for some expiring project-based Section 8 contracts, etc.

NH&RA is pleased to offer the Power Point presentations, relevant articles, reports, memos, etc. from our recent 2012 Summer Institute and New Markets Tax Credit Symposium, which was held July 25-28, 2012 at the Harbor View Hotel on Martha’s Vineyard in Massachusetts.

A new report from the Center for Budget and Policy Priorities entitled “Renters’ Tax Credit Would Promote Equity and Advance Balanced Housing Policy” examines how a renter tax credit could help in implementing a more balanced federal housing policy.

The Federal Housing Finance Agency (FHFA) recently announced that the winning bidders in a real estate owned (REO) pilot initiative, REO to Rental program, have been chosen and transactions are expected to close soon.

The White House Council on Strong Cities, Strong Communities (SC2) will hold a conference call on Thursday, July 12 to gather input on how the new SC2 National Resource Network program (SC2 Network) ““ a critical component of the SC2 initiative ““ can assist economically distressed communities. HUD plans to make approximately $5 million available for the SC2 Network to help strengthen local communities and spur economic growth.

HUD has published its quarterly notice of all regulatory waivers that the Department has approved for the Office of Community Planning and Development, the Office of Housing ““ Federal Housing Administration (FHA), and the Office of Public and Indian Housing (PIH).