All News

Thursday, October 8, 2020

A bipartisan group of House of Representatives members introduced legislation this week that would allow private activity bonds (PABs) used to finance the preservation of public housing and other federally assisted buildings to be exempt from the state’s volume cap. The Support Allowing Volume Exception (SAVE) for Federally Assisted Housing Act (H.R. 8533) was introduced by Rep.

Wednesday, October 7, 2020

The U.S. Department of Housing and Urban Development (HUD) will publish a proposed rule in Thursday’s Federal Register to modify requirements and simplify and clarify existing regulatory language for provisions for the housing choice voucher (HCV) and project-based voucher (PBV) programs included in the Housing Opportunity Through Modernization Act (HOTMA) of 2016.

Wednesday, September 23, 2020

The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Thursday’s Federal Register designating difficult development areas (DDAs) and qualified census tracts (QCTs) for 2021 for purposes of the low-income housing tax credit (LIHTC). DDAs and QCTs are eligible for a 30 percent basis boost in LIHTC properties.

Wednesday, September 23, 2020

The U.S. Department of Housing and Urban Development (HUD) will publish a final rule in Thursday’s Federal Register for HUD’s implementation of the Fair Housing Act’s disparate impact standard.

Tuesday, September 22, 2020

A Novogradac special report released today examines the implications of a Democratic sweep of the House of Representatives, Senate and White House in November’s election.

Friday, September 18, 2020

The U.S. Department of Housing and Urban Development (HUD) today published a notice amending Rental Assistance Demonstration (RAD) Notice Revision 4 concerning two issues related to the COVID-19 pandemic.

Thursday, September 3, 2020

The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Friday’s Federal Register announcing its desire to allow temporary uniform protocols for closing documents until after the COVID-19 pandemic subsides.

Tuesday, September 1, 2020

The Centers for Disease Control and Prevention (CDC) today announced an order to temporarily halt residential evictions to prevent the further spread of COVID-19. The moratorium is in effect through Dec. 31 and applies to covered tenants facing eviction for nonpayment of rent who present a signed declaration to their landlords that they meet certain income and hardship criteria.

Thursday, August 27, 2020

The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Friday’s Federal Register with final requirements for the implementation and continued operation of the Moving to Work (MTW) demonstration program. The guidance revises and adds waivers and activities for the program.

Friday, August 14, 2020

The U.S. Department of Housing and Urban Development (HUD) published in today’s Federal Register a notice of fiscal year 2021 (FY 21) fair market rents (FMRs) for the Housing Choice Voucher program, Moderate Rehabilitation Single Room Occupancy program and other HUD programs. The notice states that the trend factors used to determine FY 21 FMRs include updated economic assumptions to reflect the economic impact of the COVID-19 pandemic.

Monday, August 10, 2020

The U.S. Department of Housing and Urban Development (HUD) today announced $472 million in funding for public housing agencies (PHAs) to assist low-income families during the COVID-19 pandemic.

Thursday, August 6, 2020

The Federal Housing Finance Agency announced today that multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac who enter new or modified forbearance agreements must inform their tenants in writing that the tenants cannot be evicted for nonpayment of rent during the COVID-19 pandemic.

Friday, July 31, 2020

The House of Representatives today passed H.R. 7616, which bundles fiscal year 2021 spending bills for several departments, including the U.S. Department of Housing and Urban Development (HUD). The bill includes $50.6 billion for HUD, including $25.7 billion for tenant-based rental assistance and $13.1 billion for project-based rental assistance.

Friday, July 31, 2020

The U.S. Department of Housing and Urban Development (HUD) today released two notices detailing how to access funding for the Housing Choice Voucher (HCV) program that was provided in the Coronavirus Aid, Relief and Economic Security (CARES) Act. PIH Notice 2020-17 addresses $400 million in housing assistance payment funding for the HCV program, including eligibility and shortfall funding.

Friday, July 24, 2020

Novogradac this week adjusted downward its estimate of national median income for 2021 after the Congressional Budget Office (CBO) released its midyear estimate of consumer price index (CPI), one of the components the U.S. Department of Housing and Urban Development (HUD) uses to calculate income limits for the low-income housing tax credit (LIHTC) and HUD programs. Based on this update, Novogradac adjusted its estimate of national median income for 2021 to $79,200, an 0.89 percent increase over the 2020 national median income.

Thursday, July 23, 2020

The U.S. Department of Housing and Urban Development (HUD) today released Notice H 20-08, announcing the availability of COVID-19 supplemental payments for properties receiving project-based rental assistance under the Section 8, Section 202 or Section 811 programs. HUD will approve COVID-19 supplemental payments up to $190 million to Section 8 properties, up to $25 million to Section 202 properties and up to $9 million for Section 811 properties.

Monday, July 20, 2020

Forty-four states and 151 local jurisdictions have created rental assistance programs in response to the COVID-19 pandemic, but much more assistance is needed, according to a report issued today by the National Low-Income Housing Coalition.

Tuesday, July 14, 2020

In no state, metropolitan area or county in the United States can workers earning minimum wage–whether federal or prevailing state or local minimum wage–afford a modest two-bedroom rental home at fair market rent by working a standard 40-hour week, according to Out of Reach 2020, an annual report released today by the National Low-Income Housing Coalition.

Tuesday, July 14, 2020

The U.S. Department of Housing and Urban Development (HUD) will publish in Wednesday’s Federal Register a notice implementing the Housing Choice Voucher (HCV) mobility demonstration. The HCV mobility demonstration was authorized by federal appropriations acts for 2019 and 2020 and makes a combined $50 million available for a demonstration program for mobility-related services to families with children.

Friday, June 26, 2020

A report from the Government Accountability Office (GAO) concluded that rental affordability declined from 2001 to 2017 as the number of renters increased from 34 percent of the population to 36 percent.