The $1.07 trillion budget agreement does not include any of the $18 billion in domestic program cuts requested by the White House and will likely be passed this week.
While the report points to incomplete data reporting for various reasons, the data provided could give a general idea regarding LIHTC resident demographics in particular areas.
The national Median Family Income (MFI) increased 3.5% to $68,000 compared to last year.
HUD recently introduced new Utility Benchmarking Guidance that applies to Section 8, Multifamily FHA Insured, and PRAC Properties.
Obtained preliminary budget documents from the Trump Administration reportedly outline a 14% cut for HUD – over $6B. Whether the obtained documents go into OMB’s final budget or not, plans for boosting defense spending by $54 billion, along with some Members of Congress proposing an even higher increase, will create budget consequences for programs like HUD.
By a vote of 58 to 41, the Senate last Thursday confirmed retired neurosurgeon and former Republican presidential candidate Dr. Ben Carson as the next Secretary of Housing and Urban Development.
Rep. Paul Gosar (R-AZ) recently introduced H.R. 482, as Senator Mike Lee (R-UT) introduced S. 103, an identical piece of companion legislation in the Senate.
HUD is partnering with the Advisory Council on Historic Preservation (ACHP) to offer the HUD Secretary’s Award for Excellence in Historic Preservation.
HUD will host two trainings on the RAD Notice revision changes. NH&RA is sending a comment letter to HUD this week regarding the revisions.
The Center on Budget and Policy Priorities has recently estimated the cost of renewing all housing vouchers in 2017 at $18.86 billion.
The Trump Administration has implemented both a regulatory freeze and a more recent executive order which will reduce the number of new regulations put forth by most federal agencies.
Public comment is currently being requested for the draft Operations Notice which deals with implementation of the MTW program in expanding it to another 100 PHAs over the next seven years.