HUD

Housing authorities that are seeking alternate energy sources or new funding streams will be particularly interested in HUD’s latest PIH notice. It ushers in a number of programmatic changes in an effort to increase the use of on-site renewable energy technology at federally subsidized housing projects. http://www.ballardspahr.com/alertspublications/legalalerts/2014-08-20-hud-notice-has-potential-to-encourage-broad-pha.aspx

FHA Commissioner Carole Galante recently announced she will leave her role as HUD’s Assistant Secretary for Housing and FHA Commissioner in the fall. In January, she will assume the I. Donald Terner Distinguished Professorship in Affordable Housing and Urban Policy at the University of California, Berkeley, and will also serve as the Director of the Berkeley Program in Housing and Urban Policy and co-chair the Fisher Center on Real Estate Policy Advisory Board.

A recent memo released by HUD dated August 7, 2014, addresses the use of a lender ordered MAP appraisals in lieu of a separate Rent Comparability Study (RCS) for Mark-Up-To-Market transactions. The Department plans to change the current RCS guidelines upon publication of the long awaited updated Section 8 Renewal Policy Guide to allow for the use of a lender ordered MAP appraisal that will serve a dual purpose; serving as an RCS and for use in underwriting an application for HUD mortgage insurance.

Representative Pete Gallego (D-TX) recently introduced H.R. 5198 to amend Section 42(d)(5) of the Internal Revenue Code of 1986 to provide an appeal process  for designation as qualified census tracts (QCTs) and difficult development areas (DDAs) under the Low-Income Housing Tax Credit (LIHTC) program. This legislation would allow any State or local government agency to […]

Representatives Dennis Ross (R-FL), Jim Himes (D-CT), John Delaney (D-MD) , Sean Duffy (R-WI), Emanuel Cleaver (D-MO) and Ann Wagner (R-MO) recently introduced “Pay-for-Success” legislation (H.R. 5104 ) to increase energy efficiency in multifamily rental housing.

Effective Friday July 18, 2014, Mark Van Kirk, the Director of Asset Management for the Office of Multifamily Housing Programs, will be departing HUD and Margaret Salazar will also be stepping down as Director of the Office of Affordable Housing Preservation (OAHP) to assume the role of Field Office Director for HUD’s Portland, OR office in August.

Three out of the four recent Choice Neighborhoods Initiative (CNI) implementation grants were awarded to projects that involve NH&RA members.

Buildings Challenge (BBC) participants are now able to take advantage of the following new HUD resources to help better meet their energy commitments.

HUD recently published a Notice in the Federal Register modifying the definition of Extremely-Low Income (ELI) for the Section 8 program.

U.S. Treasury Secretary Jacob J. Lew recently announced a new effort to help increase access to affordable rental options for low- and moderate-income individuals and families…

Energy and water consumption represent some of the largest operating costs in multifamily properties, estimated at $22 billion per year in the US. The newly released Energy and Water Savings in Multifamily Retrofits report provides a detailed analysis of 236 multifamily properties that underwent energy and water retrofit projects from 2009 to 2012. The report […]

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2014 Spring NCHMA Meeting are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting! Conference Recordings of each session will be available in NH&RA’s Online Store following the conference. NCHMA Resource: […]