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Department of Housing and Urban Development News Briefs - January 2014

The U.S. Department of Housing and Urban Development (HUD) is soliciting comments on quality control for rental assistance subsidy determinations. In a notice published on Nov. 18, HUD announced that it is conducting a study to update its estimates of the extent and type of errors associated with income, rent and subsidy determinations for 4.3 million households covered by Public Housing and Section 8 subsidies. A copy of the notice is available at www.hudresourcecenter.com.

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On Nov. 22, HUD announced that nine communities will receive a combined total of $4.7 million in Choice Neighborhoods Planning Grants. The City of Baton Rouge/Parish of East Baton Rouge, La.; the Housing Authority of the City and County of Denver, Colo.; the Youth Police Institute in Los Angeles, Calif.; the Housing Authority of the City of Meriden, Conn.; the Philadelphia Housing Authority, Pa.; the Housing Authority of Sacramento, Calif.; and the Housing Authority of the City of Winston-Salem, N.C. will receive $500,000, the Housing Authority of the City of New Bern, N.C. will receive $400,000 and St. Louis County, Mo. will receive $474,000.

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HUD said in a letter on Nov. 25 that it will amend its Multifamily Housing Transformation plan. HUD collected comments and suggestions from the public and multifamily staff and considered those when developing the final plan. Amendments include keeping open the Minneapolis and Baltimore multifamily offices, expanding its travel budget to enable staff to perform more site visits and providing multifamily program training to staff in each field office.

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HUD provided $500,000 in HOME funds to the Lincoln Apartments in Indianapolis, Ind., the city’s first permanent supportive housing facility for homeless veterans. Units will be fully furnished and will aid 75 veterans. The Great Lakes Capital Fund (GLCF) syndicated the development’s low-income housing tax credits, providing more than $10 million in equity. Developing partners include GLCF affiliate Building Blocks Non-Profit Housing Corporation, Volunteers of America of Indiana Inc. and Keystone Construction, among others. Funding was also provided by Corporation for Supportive Housing and the Federal Home Loan Bank of Indianapolis, among others.

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The Hawaii Housing Finance and Development Corporation (HHFDC) received $3.2 million in Community Development Block Grants from the city and county of Hawaii for the Senior Residence at Iwilei. The 15-story development will cost $66.9 million and have 160 units. HHFDC, the City and County of Honolulu and the Pacific Housing Assistance Corporation are developing the building. Units will be available for residents at or below 60 percent of the area median income (AMI). The property was also financed through $34 million in multifamily revenue bonds, $27 million in state general obligation bonds Applications are now being accepted. The property originally broke ground in April of 2012, but construction did not begin until July 2013. The expected completion date is May 2014. For more information visit iwilei.mschawaii.com.

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ARCH Community Housing Trust and New Beginnings Housing received approval for their LIHTC application from the Idaho Housing and Finance Association (IHFA) in early November. The property will receive nearly $600,000 in LIHTCs and $830,000 in HOME funds. Located in Blaine County, the property will provide 26 units in a townhome community. The Meadows LLC donated land for the development. Construction is expected to begin in late 2014, with an anticipated move in date in late 2015.

Journal Category:

Department of Housing and Urban Development

Authors:

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