The U.S Department of Housing and Urban Development’s (HUD’s) Office of Multifamily Housing issued a memorandum reminding owners and management agents of private HUD-assisted multifamily properties of existing guidance regarding obligations to residents.
The U.S. Department of Housing and Urban Development’s Office of Public and Indian Housing published a new fourth chapter for its Housing Choice Voucher Guidebook as part of an ongoing, incremental update. The Payment Standards chapter includes updated information on small area fair market rents (SFMRs), including what a public housing agency should consider to determine whether to apply SAFMRs to project-based vouchers.
Legislation to permanently authorize and reform the Community Development Block Grant-Disaster Recovery (CDBG-DR) program was introduced Thursday in the House of Representatives. The Reforming Disaster Recovering Act of 2019 would require a one-for-one replacement of public housing and other federally subsidized rental housing in the case of CDBG-DR funding after natural disasters.
The U.S. Department of Housing and Urban Development (HUD) announced today that it will provide $150 million in grants for affordable housing for non-elderly people with disabilities. Funding for the Mainstream Housing Voucher Program will assist approximately 18,000 people gain affordable housing, according to a HUD news release. The grants will be awarded to eligible public housing agencies. Applications are due Sept. 5.
The percentage of cost-burdened renters dropped slightly, but there remains a significant gap in affordable housing, according to the State of the Nation’s Housing 2019 report issued by the Joint Center for Housing Studies at Harvard University. The annual report says that 1.5 million units of housing should be built each year, which is 260,000 units more than were built in 2018.
President Donald Trump today signed an executive order to establish a White House Council on eliminating Barriers to Affordable Housing Development. The group will consist of members from eight federal agencies and the chairman will be Ben Carson, secretary of the U.S. Department of Housing and Urban Development.
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.