HUD

HUD’s FHA Commissioner, Carol Galante, recently released a statement on President Obama’s FY 2014 HUD budget request. According to Galante, “the President’s budget demonstrates how we can invest in the things we need to grow our economy, create jobs and strengthen the middle class while further reducing the deficit in a balanced way.”

Senators Charles Schumer (D-NY) and Robert Menendez (D-NJ) recently announced they are set to introduce the Hurricane Sandy and National Disaster Tax Relief Act of 2012. In addition, the Obama Administration recently sent a $60.4 billion supplemental spending request to Congress that details means for responding to Hurricane Sandy.

The NH&RA Advocacy Archive was created to provide a one-stop-shop for NH&RA members who are interested in advocating to elected officials to support key affordable housing and tax credit programs. We have collected a variety of documents, reports, templates and best practices that should be helpful in this effort. Please note this is a work in progress–check back often as we add additional resources.

Conference materials are now available for the 2013 NCHMA Multifamily Housing Exchange and NH&RA’s New Markets Tax Credit Symposium, which took place in Washington, DC April 2-4.

NH&RA was thrilled to welcome over 250 participants to the Loews Miami Beach Hotel in South Beach for our 2013 Annual Meeting. All conference materials, Power Point presentations, relevant articles, reports, memos, etc. are available below under the relevant session titles.

HUD recently released the FY 2013 NOFA for Choice Neighborhoods Planning Grants. Individual grant awards may be for up to a maximum of $500,000. HUD notes that because FY 2013 full-year spending, the availability of funding for the program and the total amount available for Planning Grants has not yet been determined.

The U.S. Senate on March 20 passed by a vote of 73 to 26 an amended version of the U.S. House of Representatives FY 2013 continuing resolution (CR), H.R. 933. The legislation provides funding for all federally funded agencies for the remainder of FY 2013, which ends on September 30, 2013.

The U.S. Census Bureau and HUD recently released the new 2012 Rental Housing Finance Survey, which provides a more complete picture of the nation’s multifamily rental properties, including data on property values, how their mortgages are financed, and characteristics of the structures.

HUD recently released Notice H 2013-07 to provide supplemental guidance to previously issued Mortgagee Letter (ML) 2010-21 and Notice H 2010-11 to clarify processing procedures and to describe how lenders can obtain prior approval for mortgage insurance commitments.

NH&RA member firm, Nixon Peabody recent released an article detailing the potential threats of the looming sequestration cuts.

The Department of Veterans Affairs (VA) recently released a notice in the Federal Register which adopts as a final rule proposed rule to amend the VA regulations concerning the Homeless Providers Grant and Per Diem Programs.

Senator Robert Menendez (D-NJ) recently re-introduced the Choice Neighborhoods Initiative Act of 2013 (S. 437), which would fully authorize the Choice Neighborhoods Initiative (CNI) program and allocate $350 million in FY 2013.