The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Wednesday’s Federal Register announcing the monthly per-unit fee rates used to determine administrative fees for each public housing agency that administers certain HUD programs. The fees involve the Housing Choice Voucher and Moderate Rehabilitation programs for calendar year 2019 (CY 2019).
The U.S. Department of Housing and Urban Development (HUD) will publish in Wednesday’s Federal Register a notice seeking comment on proposed changes to how it calculates fair market rents (FMR) for the housing choice voucher program and other HUD-financed housing.
The U.S. Department of Housing and Urban Development (HUD) will post in Monday’s Federal Register a notice inviting comments on a proposal to revise information collected from state allocating agencies for HUD’s low-income housing tax credit (LIHTC) database. The proposal would require HUD to establish standards and definitions for the information that state agencies provide.
The Transportation-Housing and Urban Development (THUD) subcommittee of the House of Representatives Appropriations Committee approved its $75.8 billion fiscal year (FY) 2020 spending bill today, which includes a $3.7 billion or 6.9 percent increase for HUD funding compared to FY 2019.
Senate Appropriations Committee Chairman Richard Shelby, R-Ala., announced Thursday that legislators reached an agreement in principle to approve $19.1 billion in federal assistance to areas hurt by natural disasters, including more than $2.2 billion in community development block grant disaster recovery funds. The funding would go to disaster-affected regions in the Southeast, Midwest, California and Puerto Rico. Shelby said the White House had signed off on the deal, which must be finalized before Congress begins a weeklong recess.
The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Monday’s Federal Register seeking permission to identify families that had their participation in a HUD rental assistance program terminated and still owe a debt to a public housing authority. HUD seeks to find out the amount of the debt, any repayment agreement, any bankruptcy filing indication and the reason the family had its tenancy terminated.
The Federal Housing Administration (FHA) today announced a series of incentives to encourage affordable multifamily property owners to invest in opportunity zones (OZs). FHA will reduce application fees for certain affordable housing programs in OZs and will designate a team of underwriters to speed up the processing of those applications.
The U.S. Department of Housing and Urban Development will publish in Friday’s Federal Register a proposed rule that would prohibit financial assistance for public housing and other assisted housing programs to non-citizen residents, except those in certain categories. The proposed rule would require the verification of eligible immigration status for all recipients of assistance. Comments are due by July 9.
The U.S. Department of Housing and Urban Development (HUD) released a notice providing supplemental information on the process for implementing public housing income limits due to the Housing Opportunity through Modernization Act of 2016.
The Novogradac Rent & Income Limit Calculator© is updated in the beta version to include fiscal year (FY) 2019 rent and income limit data that was released by the U.S. Department of Housing and Urban Development on April 24.
Rep. Maxine Waters, D-Calif., released a draft of the Housing is Infrastructure Act of 2019, which would authorize more than $90 billion for affordable housing and related programs. The legislation would include $70 billion for the Public Housing Capital Fund, $10 billion for the Community Development Block Grant program, $5 billion for the Housing Trust Fund and $5 billion for a predisaster hazard mitigation program.
The U.S. Department of Housing and Urban Development (HUD) today released income limits for fiscal year (FY) 2019 to determine income eligibility for HUD-assisted programs. Those HUD programs include public housing, Section 8, Section 202 and Section 811. HUD also released Multifamily Tax Subsidy Program income limits for FY 2019, which are used for low-income housing tax credit and tax-exempt bond properties.
The White House Opportunity and Revitalization Council Wednesday published its implementation plan on administrative reforms and initiatives to target, streamline, coordinate and optimize federal resources in economically distressed communities, including opportunity zones (OZ). The council, which is chaired by U.S.
The U.S. Department of Housing and Urban Development will publish in tomorrow’s Federal Register a notice establishing renewal funding inflation factors (RFIFs) to adjust fiscal year (FY) 2019 renewal funding for the Housing Choice Voucher program of each public housing agency (PHA). RFIFs are used to adjust the Housing Choice Voucher fund allocations to PHAs for local changes in rents, utility costs and tenant incomes.
The U.S. Department of Housing and Urban Development (HUD) will publish a request for information in the Federal Register seeking input on how HUD can act to encourage public and private investment in distressed communities, including opportunity zones. The White House Opportunity and Revitalization Council, created by executive order, includes the HUD secretary as the chairman. HUD is reviewing existing policies to determine what actions it can take.
The U.S. Department of Housing and Urban Development today issued an advance notice of funding availability (NOFA) for up to $50 million for the Section 202 Supportive Housing for the Elderly program. The award ceiling will be $5 million and the minimum will be $50,000. The NOFA provides scoring advantages to applicants that leverage other funds with the HUD funding. There will be a second NOFA in 2020.
The U.S. Senate today confirmed Mark Calabria as the director of the Federal Housing Finance Agency by a 52-44 vote. Calabria will oversee, among other things Fannie Mae and Freddie Mac. Calabria will serve a five-year term and he succeeds Mel Watt, whose term ended in January. Calabria previously was the chief economist for Vice President Mike Pence.
Joseph Otting, acting director of the Federal Housing Finance Agency, today announced that he has authorized the transfer of affordable housing allocations from Fannie Mae and
President Donald Trump today issued a memorandum on federal housing finance reform, including frameworks to reform housing government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, programs of the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration and Ginnie Mae.
The U.S. Department of Housing and Urban Development’s (HUD’s) Real Estate Assessment Center (REAC) inspections of HUD-assisted or HUD-insured multifamily housing need improvement, according to a report issued today by the Government Accountability Office (GAO). The GAO report makes 14 recommendations, focused on how REAC selects, trains and monitors contractors who perform the inspections.
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