HUD

The Office of Multifamily Housing’s Recapitalization division invites you to join us for a RAD conference on May 17-18. While the conference is open to all, the content will be particularly geared towards preparing PHAs who are new participants in RAD to execute on well-planned and efficient conversions that best address local needs and priorities. […]

On March 23, President Trump signed into law the 2018 omnibus spending bill (HR 1625). Bill language was released late Wednesday night and the House of Representatives and Senate subsequently passed the bill on Thursday. The news of passage comes shortly after President Trump threatened via Twitter to veto the bill on Friday morning. The […]

The CNA e-Tool Virtual Classroom Curriculum is designed to provide small groups of participants a chance to learn about and discuss aspects of the Assessment Tool and the Submission Portal.

Senators Jeff Merkley (D-OR) and Bob Menendez (D-NJ) invite their colleagues to sign on to their “Dear Colleague” support letter requesting $12.2 billion in funding for HUD’s project-based rental assistance. Please encourage your senators to sign this letter.

The $28 billion is a record high and comes from congressional appropriations made by the Bipartisan Budget Act of 2018 (PL 115-123).

Several new resources on the Rental Assistance Demonstration (RAD) for Moderate Rehabilitation (Mod Rehab) owners are posted to the HUD Exchange.

The limits determine eligibility for assisted housing programs including Public Housing, Sec. 8 project-based, Sec. 8 Housing Choice Voucher, Sec. 202, and Sec. 811.

GAO makes five recommendations in the report, all of which HUD agreed with. The recommendations all relate to either improving leveraging metrics, monitoring enforcement of resident safeguards, and RAD compliance monitoring.

Opportunity Zones will provide a resource similar to the gap funding from the HOME program but “on steroids”, explains Carson.

Congressional leadership is anticipating a release of the omnibus language later today with potential for a House vote on Thursday.

The MAP Guide enumerates securities for an equity bridge loan as a pledge of tax credits and/or limited partners’ or investors members’ interests in the project’s ownership entity. Questions subsequently arose as to whether a pledge of the general partner’s interest could also secure an equity bridge loan.

HUD recently rolled out System Release 2.2 and a revised assessment tool. These changes were based on user feedback and include missing flag notes.