HUD

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Continue reading for three updates from the RAD Team at HUD.

Given the historically large number of RAD closings ever November, HUD has suggested to owners closing in October to consider a December 1 HAP effective date rather than November 1.

Mr. Kurtz currently serves as Deputy Chief of Staff for Policy and Programs at HUD in the Office of the Secretary and previously held several other positions in the department during the George W. Bush Administration. 

As Deputy Secretary, Patenaude will oversee day-to-day operations at the Department.

If the nomination is successful, it will be Brian Montgomery’s second time serving as FHA commissioner.

HUD recently published in the Federal Register 2018 updated Difficult to Develop Areas (DDAs) and Qualified Census Tracts (QCTs).

U.S. Representatives submitted nearly one hundred amendments to the FY-2018 Transportation-HUD appropriations legislation (HR 3354).

The Senate received a list of nominations from President Trump on September 5.

New Fair Market Rents (FMRs) have been published at HUDuser.gov and will take effect on October 1, 2017.

HUD’s recent letter specifies High Cost Areas as of January 1, 2017, with thresholds set for each area.

$40 million was made available in the 2017 Appropriations Act, which will support 5,500 new HUD-VASH vouchers.