NAHMA HUD Update: HUD Multifamily Disaster Recovery Update

NAHMA HUD Update: HUD Multifamily Disaster Recovery Update

On October 31, NAHMA and industry partners participated in a disaster recovery call with the HUD Office of Multifamily Housing Programs. Below, please find information from HUD regarding units in affected areas.

For more information, please visit NAHMA’s disaster recovery webpage.


Thank you for participating in the Multifamily Disaster Recovery conference call on Oct. 31, 2017.  As promised, here are the follow-up items.

  • Owners of assisted Multifamily properties in Puerto Rico and the Virgin Islands should continue to voucher for November and HUD will authorize payment as long as the certification for the physical condition of the property is attached. HUD will provide information on future subsidy payments soon.
  • HUD is currently reviewing if and how non-electronic vouchers can be submitted and will follow-up with more information soon.

Overall Section 8 and Insured Impacted Properties by Hurricanes, Wildfire
Report To Date (10/30/17)

  • Harvey – Texas

o   454           total number of properties in the impacted area

o   51,072      total number of units in the impacted area

o   20,971      total number of assisted units in the impacted area

o   4,924        displaced

o   129           insured total

o   93              non insured total

o   $1.1 B      UPB exposure

 

  • Irma – Georgia

o   62              total number of properties in the impacted area

o   5,249        total number of units in the impacted area

o   2,874        total number of assisted units in the impacted area

o   150           displaced

o   26              insured total

o   36              non insured total

o   $179 M     UPB exposure

 

  • Irma – Florida

o   910           total number of properties in the impacted area

o   106,513   total number of units in the impacted area

o   45,902      potential assisted units in the impacted area

o   625           displaced

o   348           insured total

o   561           noninsured total

o   $4.4 B      UPB exposure

 

  • Maria – Puerto Rico

o   203           total number of properties in the impacted area

o   21,013      total number of units in the impacted area

o   19,859      total number of assisted units in the impacted area

o   139           displaced

o   41              insured total

o   162           non insured total

o   $229 M     UPB exposure

 

  • Maria – Virgin Islands

o   17              total number of properties in the impacted area

o   1,474        total number of units in the impacted area

o   1,468        total number of assisted units in the impacted area

o   138           displaced

o   3                insured total

o   14              non insured total

o   $35 M       UPB exposure

 

  • Wildfire – California

o   176           total number of properties in the impacted area

o   14,024      total number of units in the impacted area

o   8,454        total number of assisted units in the impacted area

o   0                displaced