HUD
HUD Announces New Director for Office of Recapitalization for Multifamily Housing Programs
Deputy Assistant Secretary Ben Metcalf announced Thomas R. Davis as the new Director of the Office of Recapitalization within the Office of Multifamily Housing Programs at HUD.
HUD Proposes Using Small Area FMRs for Housing Choice Voucher Program
The U.S. Department of Housing and Urban Development (HUD) is opening a public comment period on a proposed a rule that would use small area fair market rents (FMRs) in the Housing Choice Voucher Program instead of the current 50th percentile fair market rents. The public comment period ends July 2, 2015.
HUD Report Examines Impact of QAPs on LIHTC Development Siting
Increased competition for low income housing tax credits (LIHTC) is expanding the role qualified allocation plans (QAPs) plays in determining where developments are built, according to a new report from the U.S. Department of Housing and Urban Development.
Building Energy Efficiency Partnerships for Affordable Multifamily Housing: 2015 and Beyond
This paper offers a snapshot of the resources devoted to promoting low-income multifamily housing energy efficiency retrofits; it describes many of the policies, public-private resources and partnerships influencing and funding the field in late 2014. Download
HUD Begins Releasing Monthly Updates on RAD CHAPs
The U.S. Department of Housing and Urban Development (HUD) will now release monthly updates on all active and closed Commitments to enter into a Housing Assistance Payment (CHAPs).
HUD Revamps RAD Resource Desk Interface for 1st Component Transactions
The U.S Department of Housing & Urban Development (HUD) announced changes to the Rental Assistance Demonstration (RAD) program Resource Desk for 1st component awardees. These changes seek to better allow for the exchange of transaction documents and communications.
Love Funding Secures $13.6 Million HUD Refinancing Loan for Multifamily Affordable Senior Living Facility in Los Angeles
Love Funding announced the closing of a $13.6 million refinancing loan for Sunset Normandie Towers, a 148-unit Section 8 senior living facility in Los Angeles, California.
Ginne Mae Increases Loan Maximum for Rural Multifamily Developments
Ginnie Mae announced that effective June 1, 2015, USDA Section 538 Multifamily loans with a maximum loan amount of 70% of total development costs will be eligible for pooling into Ginnie Mae mortgage-backed securities (MBS). This is an increase from the previously allowable maximum loan amount of 50% of the total development costs.
UPDATE: HUD Extends Public Comment Period for Revised MAP Guide
U.S. Department of Housing and Urban Development (HUD) released recently a draft form of an updated Multifamily Accelerated Processing (MAP) Guide. The agency is inviting stakeholders to provide feedback until May 14, 2015.
EPA Helps HUD Incorporate Water Efficiency Into Programs
The U.S. Environmental Protection Agency’s WaterSense program is launching Water Wednesdays. The project intends to help HUD project officers and HUD grantees incorporate water efficiency into their programs and projects.
HUD Report Examines 2009-2011 Changes in Affordable Rental Housing Stock
The U.S. Department of Housing and Urban Development (HUD) released the 2009-2011 National Rental Dynamics Report, which uses the longitudinal features of the American Housing Survey to track changes in rental housing affordability. The report examines how recent changes in affordability fit into the trajectory of the rental housing stock over the course of the recession and recovery.
RAD Reforms, LIHTC Discussed at House Hearing on Affordable Housing
The House Financial Services Subcommittee on Housing and Insurance held a hearing on private sector involvement in affordable housing. The hearing focused on opportunities to leverage large private sector investments, including the HUD Rental Assistance Demonstration program and the low-income housing tax credit (LIHTC).