HUD
Comments on New Hampshire’s 2020 Action Plan Draft Due September 30
The New Hampshire Housing Finance Authority released the Draft 2020 Action Plan for the use and distribution of HUD block grants, including Community Development Block Grants, HOME Investment Partnerships, National Housing Trust Fund and Emergency Solutions Grants. Public comments should be submitted by September 30, 2019.
FY 2020 Deadline Looms, Senate Appropriations Committee Approves T-HUD Bill
Yesterday the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (T-HUD) favorably reported its FY 2020 funding bill to the full committee. The full Senate Appropriations Committee will hold a hearing on the bill at 10:30 am EDT on September 19 in the Dirksen Senate Office Building, Room 106 and via webcast.
As of publication, the T-HUD bill has yet to be released. Overall the subcommittee received a 302(b) allocation of $74.3 billion, $3.2 billion above the FY 2019 enacted levels. HUD received $56.0 billion in total budgetary resources, which is offset by $7.4 billion in receipts from the Federal Housing Agency/Ginnie Mae for a net funding level of $48.6 billion, an increase of $2.3 billion above the FY 2019 enacted level.
HUD Proposed Rule Implements Three Sections of HOTMA
HUD released a proposed rule that would revise HUD regulations by implementing sections 102, 103 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA S. 3083/H.R. 3700 of the 114th Congress). These sections make sweeping changes to the United States Housing Act of 1937, particularly those affecting income calculation and reviews. Comments are due by November 18.
Florida Extends RFA Application Deadlines Following Hurricane Dorian, Releases Q&A and Modifies RFA 2019-102
The Florida Housing Finance Corporation announced that it will issue modifications extending three RFA Application Deadlines due to the impacts of Hurricane Dorian.
Florida Housing also released Questions and Answers regarding RFA 2019-111 “Rental Recovery Loan Program (RRLP) Financing to be Used for Rental Developments in Hurricane Michael Impacted Counties.”
Florida Housing issued a Third Modification to RFA 2019-102 Community Development Block Grant-Disaster Recovery (CDBG-DR) to be used in conjunction with Tax-Exempt MMRB and Non-Competitive Housing Credits in Counties Deemed Hurricane Recovery Priorities.
Treasury, HUD Release Housing Finance Reform Plan
Last week the Department of the Treasury and HUD sent their Housing Finance Reform Plans to President Trump following his March Memorandum, which ordered the reports. The Senate Committee on Banking, Housing and Urban Affairs held a hearing on Housing Finance Reform: Next Steps with HUD Secretary Ben Carson, Treasury Secretary Steven Mnuchin and FHFA Director Mark Calabria as witnesses.
HUD Releases RAD Notice Revision 4, Implementing RAD for PRAC
HUD released Rental Assistance Demonstration (RAD) Notice (H 2019-09/ PIH 2019-23), which clarifies certain requirements of First Component RAD projects and implements its new RAD for Project Rental Assistance Contracts (PRAC) program, which will allow Section 202 PRAC properties to convert to long-term Project Based Rental Assistance (PBRA) or PBV contracts.
Final SfS Registration Window, September 9 -27, 2019
HUD will offer one final SfS registration opportunity before the SfS report is due on October 30, 2019. The final registration window will be from September 9 – September 27. Any property that needs to report to HUD, and does not register for SfS by September 27, will be out of compliance with HUD.
Congressman Blumenauer Recommends Strategies to Address Affordable Housing Crisis
Rep. Earl Blumenauer (D-OR) has released a housing report, “Locked Out: Reversing Federal Housing Failures and Unlocking Opportunity.” The report offers strategies the federal government could pursue to meaningfully address the nation’s housing affordability challenges – including expanding the Low-Income Housing Tax Credit program, making HUD’s Section 8 Housing Choice Vouchers an entitlement program to […]
HUD’s 202 Program Secures White House FY 2020 Funding Anomaly
As Congress returns from its August recess, lawmakers must act to secure funding for fiscal year (FY) 2020 ahead of the September 30 deadline. The White House released a list of requested anomalies, or changes to the current funding levels and legislative language, if lawmakers rely on a continuing resolution (CR) to fund the government past Sept. 30. HUD’s Section 202 Housing for the Elderly secured a coveted spot on that list.
Florida Posts CDBG-DR Applications
The Florida Housing Finance Corporation posted the application submitted report for “RFA 2019-103 Community Development Block Grant-Disaster Recovery (CDBG-DR) for Small Developments in Areas Deemed Hurricane Recovery Priorities.” The applications review committee will review the applications at its next meeting on November 13 at 2 pm EDT.
HUD Publishes FY 2020 FMRs
Last week, HUD published the Fiscal Year (FY) 2020 Fair Market Rents (FMRs) in the Federal Register. The new rents will become effective on October 1, 2019 for the Housing Choice Voucher program and Moderate Rehabilitation Single Room Occupancy program, unless HUD receives a valid request for reevaluation of specific area FMRs. The notice also includes responses to public comments from the June 5, 2019 Federal Register notice announcing two method changes in the calculation of FMRs.
Pennrose Selected as Master Developer by the Virgin Islands Housing Authority
Pennrose was selected as Master Developer by the Virgin Islands Housing Authority (VIHA) for the disaster recovery and redevelopment efforts in St. Thomas. The redevelopment efforts will serve as Pennrose’s first projects in the U.S. Virgin Islands and Caribbean and is planned for approximately 700 units on St. Thomas. Pennrose will partner with Jackson Development […]