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HUD Releases FY 2015 MIPs

WASHINGTON– March 31, 2014

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The U.S. Department of Housing and Urban Development (HUD) today released a notice announcing the mortgage insurance premiums (MIPs) for Federal Housing Administration (FHA) multifamily, healthcare facilities and hospital mortgage insurance programs that have commitments to be issued or reissued in fiscal year (FY) 2015. The FY 2015 MIPs are the same as FY 2014 MIPS, which were published in the Federal Register on September 20, 2013. The upfront MIP amount charged for FHA mortgage insurance will be 50 basis points for affordable and market-rate properties. The FY 2015 MIPs are effective Oct. 1, 2014.

HUD Multifamily Office Outlines Priorities for 2014

WASHINGTON– March 12, 2014

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The U.S. Department of Housing and Urban Development (HUD) Office of Multifamily Housing issued a memorandum outlining policy priorities for calendar year 2014. It identified 25 policy priorities, including providing more flexibility to properties in HUD’s low-income housing tax credit (LIHTC) pilot program for Section 223(f) loans; extending the LIHTC pilot program’s timelines and underwriting standards to Section 221(d)(4) loans; and lifting the 60,000-unit Rental Assistance Demonstration (RAD) cap from public housing and Section 8 Moderate Rehabilitation properties. Policies were developed by the Office of Multifamily Housing’s new Program Administration Office (PAO) and the memorandum includes contact information for PAO staff.

Administration Budget Provides $46.7 Billion for HUD

WASHINGTON– Mar. 4, 2014

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In its proposed budget for fiscal year (FY) 2015, the Obama administration provides $46.7 billion for U.S. Department of Housing and Urban Development (HUD) programs, which is $1.2 billion above the 2014 enacted level. The proposal includes $1 billion to capitalize the Housing Trust Fund to expand the supply of housing targeted to extremely low-income families.

HUD Releases FY 2014 Annual Adjustment Factors

WASHINGTON– Feb. 14, 2014

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The U.S. Department of Housing and Urban Development (HUD) today released the fiscal year (FY) 2014 Annual Adjustment Factors (AAFs) for the Section 8 Housing Assistance Payments (HAP) program. The FY 2014 AAFs for adjustment of contract rents on assistance contract anniversaries go into effect on Feb. 18, 2014. AAFs are used to adjust contract rents for units during the initial term of the HAP contract and for all units that are in the Project-Based Certificate program. The annual adjustment factors are based on a formula using residential rent and utility cost changes from the most current annual Bureau of Labor Statistics Consumer Price Index survey. Owners who participate in HAP programs such as the New Construction, Substantial Rehabilitation and Moderate Rehabilitation programs, Loan Management and Property Disposition programs, and the Project-Based Certificate program must provide annual adjustments to monthly rentals for units covered by the contracts.

News Archives



  • WASHINGTON, D.C. - October 16, 2012
    The Internal Revenue Service (IRS) today published the amounts of unused low-income housing tax credit (LIHTC) carryovers for calendar year 2012 that were allocated to 34 qualified states and Puerto Rico... Full Article