HUD

A recent memo from the Ben Metcalf, Deputy Assistance Secretary for Multifamily Housing at HUD outlines three changes to its transformation plan.

U.S. Housing and Urban Development Secretary Shaun Donovan recently announced that President Barack Obama appointed Bill Block as the new HUD Regional Administrator for Region X, which includes the states of Alaska, Idaho, Oregon and Washington.

The U.S. Department of Housing and Urban Development recently released updated designated Difficult Development Areas (DDA) and Qualified Census Tracts (QCT) for the purposes of the 2014 low-income housing tax credit program.

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2013 Fall Forum are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting!

HUD’s Office of Public Housing Investments (OPHI) has released a memo informing stakeholders of the schedule for processing mixed-finance projects intending to close by the end of the 2013 calendar year. Parties wishing to close a mixed-finance project by December 31 must adhere to the submission schedule outlined in the memo.

HUD has announced the funding awards for the Section 811 Project Rental Assistance Demonstration Program, providing project based rental assistance funds to state housing finance agencies to award and administer to multifamily rental properties.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.

HUD’s Office of Multifamily Housing Programs published a Notice in the Federal Register to solicit comments about a proposal for an initiative which will help facilitate financing of small, multifamily buildings. HUD’s intent is to implement the Small Multifamily Building Risk Share Initiative directed to facilitating the financing of small multifamily properties.

The U.S. House of Representatives on Monday, October 28 passed a number of veteran’s affairs bills, including the Vulnerable Veterans Housing Reform Act of 2013 (HR 1742) which would broaden disabled veterans’ income eligibility for federal rental assistance and public housing programs.

Ben Metcalf, the current Deputy Assistant Secretary (DAS) of HUD’s Office of Multifamily Housing recently announced that Margaret Salazar has been selected as the Associate Deputy Assistant Secretary where she will lead the Office of Affordable Housing Preservation (OAHP).

HUD recently announced that the agency will provide a second round of recovery funds to five states and New York City affected by last year’s Hurricane Sandy through the Community Development Block Grant (CDBG) program. These recovery funds are to be used to assist impacted communities to meet remaining housing, economic development and infrastructure needs.

Despite the extreme division and political controversy that came along with the recent federal government shutdown and debt ceiling debate, Congress was able to pass the Continuing Appropriations Act of 2014 (HR 2775) which would provide appropriations to government agencies for three months. Section 148 of the measure extends the second component of the Rental Assistance Demonstration (RAD) program through January 15, 2014.