HUD

HUD updated two documents regarding its Capital Needs Assessment (CNA) e-tool: Known Issues and Solutions and FAQ on how to submit a returned CNA. Questions can be submitted here.

HUD published its final rule amending existing regulations for the Section 542(c) Housing Finance Agencies (HFA) Risk-Sharing Program. The final rule adopts without substantive changes the March 8, 2016, proposed rule. The rule is intended to better align the Risk-Sharing program regulations with current industry and HUD policies and practices and provide greater flexibility for […]

HUD announced the availability of $150 million in grants to support the development of new affordable multifamily rental housing along with ongoing project rental assistance for low-income seniors. The grants are offered under HUD’s Section 202 Supportive Housing for the Elderly program and will be awarded to nonprofit organizations across the country. Section 202 grants […]

On Monday, December 21, Congress passed a sweeping $1.4 trillion package to fund the government through September 30, 2021 plus $900 billion in Coronavirus aid. Many, many thanks to our members and partners who kept up the drumbeat all year long to get important housing priorities included in the bill.

HUD published its updated 2020 Multifamily Accelerated Processing (MAP) Guide, which becomes effective January 21, 20201. In addition to some reorganization and streamlining throughout, the updated MAP Guide includes:
• The integration of the Federal Housing Administration (FHA) Multifamily Closing Guide, previously a separate document;
• A new chapter specific to energy efficiency and FHA’s Green Mortgage Insurance Premium (MIP) program; and
• Expanded appendices that provide access to tools and forms.

Several news outlets are reporting that President-elect Joe Biden will nominate Rep. Marcia Fudge (D-OH) as HUD secretary. Fudge was first elected to federal office in 2008, is the member of the House Agriculture Committee, a member (and former chair) of the Congressional Black Caucus and served as mayor of Warrensville Heights, OH from 2000 to 2008.

HUD’s Office of Multifamily Housing published Housing Notice (HN) 2020-11, opening a second application period for owners of Multifamily-assisted properties to apply for CARES Act supplemental funds to offset property expenditures to safely serve residents in light of COVID-19. The notice allows owners to submit payment requests for expenses incurred through November 30, 2020. Requests are due to HUD or the Contract Administrator by December 11, 2020,

NH&RA joined with 33 other organizations to submit comments on HUD’s proposed rule on its Family Self-Sufficiency (FSS) program. The comments are aimed at expanding the scope and impact of the FSS program so that it can support a broader share of families living in federally subsidized housing to build savings and reach their goal.

Enterprise Community Partners (Enterprise), HUD, Fannie Mae, and Bellwether Enterprise are holding a webinar from 1:30 – 3 p.m. ET on December 10 to discuss their new Ready to Respond: Business Continuity Toolkit. The toolkit equips multifamily affordable building owners & managers with a plan to address crisis as many housing communities confront risks associated with natural disasters and other risks that affect tenants and business resiliency, such as COVID-19.

The Alabama Housing Finance Authority (AHFA) published the final 2021 HOME Investment Partnerships Program Action Plan and LIHTC QAP. The tentative AHFA 2021 Competitive Application Cycle is as follows:

In just seven years since the first public housing property converted under the Rental Assistance Demonstration (RAD), Public Housing Agencies (PHAs) and their partners have cleared another major milestone—surpassing more than $10 billion for the improvement and replacement of converting public housing properties.

The Senate returned this week and hit the ground running with Fiscal Year (FY) 2021 appropriations. Funding for the federal government runs out on December 11 and both Republicans and Democrats have stated their desire for full FY 2021 appropriation, as opposed to another short-term or long-term continuing resolution. A COVID-19 relief package and a tax bill are widely seen as the other must-dos during the lame-duck session. All three legislative vehicles provide opportunities to attach LIHTC priorities. We’ll continue to monitor the latest developments and engage our members when action is needed.