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HUD PROVIDES GUIDANCE FOR SUBSIDY LAYERING REVIEWS

Friday, July 9, 2010 - 1:45AM

The U.S. Department of Housing and Urban Development (HUD) today provided administrative guidelines for implementing subsidy layering reviews in accordance with the requirements of the Housing and Economic Recovery Act of 2008 (HERA). Under HERA, when project-based voucher assistance is proposed for newly constructed and rehabilitated structures, subsidy layering reviews may be satisfied if the applicable state or local agency has conducted such a review. In the notice, HUD set forth the guidelines that an agency must use in conducting subsidy layering reviews for newly constructed and rehabilitated structures combining other forms of government assistance, and Section 8 project-based  voucher assistance.

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