HUD

H.R.4258, introduced by Reps. Sean Duffy (R-WI) and Emanuel Cleaver (D-MO), would permanently reauthorize the Family Self Sufficiency (FSS) Act. The bill also makes several improvements.

These limits have an effective date of January 1, 2017.

The U.S. Department of Housing and Urban Development has published Annual Adjustment Factors (AAFs) for 2018. AAFs are used to adjust contract rents for units assisted in certain Section 8 housing assistance payment programs during the initial term of the HAP contract.

HUD will host a live Q&A webinar on Thursday, November 9 from 2:30-3:30 p.m. EST to provide a brief overview and discussion of the Completion Certification and the RAD Minority Concentration Analysis Tool.

In an op-ed in The Hill, Mark Dellontem, president and CEO of Love Funding, highlights the success of the federal Rental Assistance Demonstration (RAD) program in utilizing targeted taxpayer dollars to stimulate private capital for renovations and produce wide-ranging benefits. The RAD program, which is a federal program that converts public housing authorities’ (PHAs) existing […]

The Rural Housing Service (RHS) is revising its existing regulations regarding financial reporting to establish risk thresholds, align requirements with HUD and reduce program operating costs to RD and its borrowers.   This rule is effective November 24, 2017 and is optional in FY-2018 and will be mandatory in FY-2019.  Additional highlights of the rule include: […]

HUD has revised the effective date for designations of “Difficult Development Areas” (DDAs) and “Qualified Census Tracts” (QCTs) for purposes of the Low-Income Housing Tax Credit (LIHTC) approved for Federal disaster-related individual assistance. This Notice extends from 730 days to 850 days the period for which the 2015 lists of QCTs and DDAs are effective […]

Several civil rights organizations have filed a lawsuit in federal court challenging HUD’s decision to suspend the implementation of the Small Area Fair Market Rent rule, which was adopted in November 2016 and suspended earlier this year.  It is unclear at this juncture how the case will proceed. Five organizations – the NAACP Legal Defense […]

HUD has issued a notice that permits Public Housing Authorities (PHAs) that are in Presidentially declared disaster areas to request an extension to the due date for making submissions if they meet either of the following qualifications: a) have submitted Letters of Interest (LOI) to reserve their position on the Rental Assistance Demonstration (RAD) waiting […]

HUD recently published a notice in the Federal Register that establishes an expedited process for reviewing requests for relief from HUD regulatory/administrative requirements for PHAs located in Texas, U.S. Virgin Islands, Puerto Rico, Florida, and Georgia. The expedited process will also apply to future Major Disaster Declarations for the remainder of 2017.

The Successful Stewardship of Multifamily Housing Recapitalization Workbook is designed to support the exploration and decision-making that owners will undertake to preserve their properties. 

For mixed-finance projects, it can be difficult to refinance a property prior to the expiration of the tax credit compliance period. With this in mind, HUD’s Office of Recapitalization has adopted alternative underwriting criteria for these properties.