HUD
HUD’s OAMPO Issues Guidance on Processing Special Claims for Vacancy
HUD’s Office of Asset Management and Portfolio Oversight (OAMPO) has issued a memo providing instructions for processing special claims for vacancy for properties affected by COVID-19. This memo expands the applicability to properties being developed under the Rental Assistance Demonstration (RAD) program. For properties undergoing initial rent-up the 60 days starts as of the date of the permission to occupy the unit or the effective date of the contract, whichever is later.
Audited Financial Reporting Deadline Extended to Sept. 30 for HUD’s Multifamily West Region
HUD’s Multifamily West Region is extending the audited financial reporting deadlines until September 30, 2020. This waiver is limited to entities, which are required to submit the referenced annual financial information on or before June 30, 2020.
HUD’s Health@Home Webinar Series – Summer and Fall 2020
The Health@Home webinar series consists of four webinars that provide affordable housing rehabilitation specialists and program managers with information on integrating healthy housing techniques into their rehabilitation projects and best practices from practitioners who have successfully implemented these techniques.
Research Finds Positive Outcomes for Residents in RAD Converted Properties
In a recent issue of Health Affairs focusing on investments in social determinants of health, a new study examined how renovations of a property in Queens, NY that converted through RAD may improve the health of public housing residents.
HUD released the full report, “Examining the Effects of the Rental Assistance Demonstration (RAD) on Children Living in Public Housing in Fresno, California,” which assessed outcomes and the well-being of children living in developments that have undergone rehab and conversion under RAD.
Comments Due August 20 on Alabama’s 2021 QAP, HOME Action Plan and National Housing Trust Fund Plan; Public Hearing July 21
The Alabama Housing Finance Authority will hold a public hearing at 9:00 am CT on July 21 concerning the proposed 2021 HOME Action Plan, the Housing Credit Qualified Allocation Plan and the National Housing Trust Fund Allocation Plan (Plans) for the distribution of HOME funds, Housing Credits and National Housing Trust Funds in exchange for the new construction and substantial rehabilitation of low-income projects and for the monitoring of HOME, Housing Credits and National Housing Trust Funds for all projects. The hearing will be held at the Riverwalk Stadium located at 200 Coosa Street, Montgomery, AL, 36104.
Comments Due August 20 on Alabama’s 2020 HOME Action Plan Amendment, Public Hearing July 21
The Alabama Housing Finance Authority will hold a public hearing at 9:00 am CT on July 21 concerning the proposed Substantial Amendment to the HUD Approved 2020 HOME Action Plan for the distribution of HOME funds in exchange for new construction of low-income projects and for the monitoring of HOME projects. The hearing will be held at the Riverwalk Stadium located at 200 Coosa Street, Montgomery, AL, 36104.
Updated New Jersey Underwriting Guidelines Include Sandy Disaster Recovery Compliance Agreement with HUD
The New Jersey Housing and Mortgage Finance Agency updated its Multifamily Underwriting and Financing Guidelines and Policy, effective as of June 25, 2020. These Multifamily Policies have been amended to include requirements for the allocation of Sandy Disaster Recovery Program subsidies as provided in the 2014 “Voluntary Compliance Agreement and Conciliation Agreement” (VCA) with HUD.
House Appropriations Committee Passes FY-2021 HUD Funding Measure
On June 7, 2020 the House Appropriations Committee released its draft fiscal year 2021 Transportation, Housing and Urban Development, and Related Agencies funding bill. The measure was adopted by the Subcommittee on July 8, 2020. The measure heads next to the Full Committee for an additional markup. The bill provides a total of $50.6 billion […]
HUD Publishes Housing Notice Extending Moratorium on Evictions for HUD Mortgages in Forbearance
On July 1, 2020, HUD published Housing Notice (2020-7), Coronavirus Aid, Relief, and Economic Security (CARES) Act Eviction Moratorium that extends the moratorium on evictions for all HUD-insured or HUD-held mortgages while under forbearance, and also provides guidance on tenant protections for multifamily properties not subject to forbearance and those with HUD-assisted units.
HUD Publishes New Brochure on Housing Stability During COVID-19
To encourage owners of multifamily properties to provide flexibilities to residents who may be struggling financially as a result of COVID-19, HUD has published a new brochure with updated guidance for multifamily property owners on promoting housing stability during the pandemic.
Bipartisan Policy Center Publishes Brief on Housing Assistance as a COVID-19 Priority
On June 12 the Bipartsan Policy Center published a new brief entitled “Housing Assistance is a COVID-19 Response and Racial Justice Priority.” The brief finds that the public health and economic crisis that COVID-19 triggered has put millions of low-income households at risk of eviction and homelessness and has widened racial disparities in housing and health outcomes.
House Passes Emergency Housing Protections and Relief Act of 2020
The House of Representatives passed the Emergency Housing Protections and Relief Act of 2020 (H.R. 7301) to provide relief for homeowners, renters, landlords and people experiencing homelessness amidst the impacts of the COVID-19 pandemic. The provisions of this bill were largely included in the HEROES Act as passed by the House in May, which has yet to be voted on in the Senate.