HUD Notice Updates Guidelines, Requirements for PBV Subsidy Layering Reviews, Requirements
A notice to be published in Monday’s Federal Register by the U.S. Department of Housing and Urban Development (HUD) provides updated guidelines and requirements for project-based voucher (PBV) subsidy layering reviews (SLRs) and requirements for mixed-finance projects. The notice also expands the delegation of SLRs to housing credit agencies in cases where the PBV assistance is combined with other government assistance. Previously, that delegation was only required in cases that involved the low-income housing tax credit (LIHTC), with HUD required to complete the other SLR cases.
The Novogradac Introduction to HUD Multifamily Rental Programs booklet serves as an overview of the HUD multifamily rental development programs most used by affordable housing developers.