Today, NAHMA published a new NAHMAnalysis titled “NAHMA Member Feedback: Management and Occupancy Reviews.” The report outlines challenges members have experienced with the MOR form and process, as well as recommendations to HUD for improvements. To view the NAHMAnalysis online, please click here. Thanks to everyone who submitted feedback for this report,
We continue to keep those affected by Hurricane Florence and other disasters in our thoughts. Below, please find updates regarding mortgage assistance options, guidance for FHA-Approved Mortgagees and Servicers, and an invitation to a Multifamily Stakeholder Disaster Recovery Meeting in Puerto Rico on September 25, 2018. The Federal Housing Administration (FHA) sent a reminder to mortgagees about its guidance for originating and/or […]
The 2019 National Affordable Housing Management Association (NAHMA) Drug-Free Kids Calendar makes a great back-to-school gift, or can be fun resident and staff giveaways. Order some today to have on hand as future prizes by visiting the Online Store at www.nahma.org. A downloadable order form is also available on the calendar contest webpage. The calendars will begin shipping in mid-September. The cost is $5.50 per […]
Below, please find information regarding two recent HUD updates on Fair Market Rents and HOME Commitment Requirements. Fiscal Year 2019 Fair Market Rents Recently, HUD published the fiscal year 2019 Fair Market Rents (FMRs). The FMRs are effective October 1, 2018, unless HUD receives a request before then for reevaluation of specific area FMRs. HUD’s Notice also addresses a previous […]
Please find a TRACS Notification on the Transport Layer Security (TLS) upgrade. The notification is available online here. 1. What Is TLS SSL stands for Secure Sockets Layer and was originally created by Netscape. SSLv2 and SSLv3 are the 2 versions of this protocol (SSLv1 was never publicly released). After SSLv3, SSL was renamed to Transport Layer Security and started with TLSv1.0 […]
Below, please find a TRACS Notification on the Transport Layer Security (TLS) upgrade. The notification is available online here. 1. What Is TLS SSL stands for Secure Sockets Layer and was originally created by Netscape. SSLv2 and SSLv3 are the 2 versions of this protocol (SSLv1 was never publicly released). After SSLv3, SSL was renamed to Transport Layer Security and started with […]
The Internal Revenue Service (IRS) recently issued Revenue Ruling 2018-23, which provides various prescribed rates for federal income tax purposes, including applicable federal interest rates, adjusted applicable federal interest rates, and adjusted long-term and tax-exempt rates for September 2018. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for September 2018: Appropriate percentage for the 70% present value low-income housing credit: 7.68% […]
This week, HUD released an advance notice of proposed rulemaking inviting public comment on amendments to HUD’s affirmatively furthering fair housing (AFFH) regulations. Please submit comments to us regarding the attached notice by Friday, September 7, 2018. The stated purpose of the AFFH final rule was to provide HUD program participants (Local Governments, public housing agencies (PHAs), and States & Insular […]
Below, please find information from HUD regarding new resources to learn about service coordination, including an online learning tool and program resource guide, plus a multifamily housing finance and grants management toolkit. New Resources to Learn About Service Coordination Plus a Toolkit to Guide Grantees in Safeguarding Funds The Service Coordinators in Multifamily Housing Online Learning Tool is now available from HUD’s Office of Multifamily Housing Programs. […]
Below, please find an update from HUD regarding the Enterprise Income Verification (EIV) System. HUD had previously been advised that a number of owners/agents were encountering old or missing data when attempting to view EIV reports. Enterprise Income Verification (EIV) System – Data Updated This message serves as notice that the EIV system data issues as described in RHIIP Listserv […]
Below, please find information regarding a temporary suspension of the CNA eTool for PRAC properties. Please click here or view the attached document for a recent HUD memo with more information. Temporary Suspension of CNA eTool for PRAC Properties HUD’s Office of Asset Management and Portfolio Oversight (OAMPO) has issued an August 3, 2018, memorandum addressing current CNA eTool requirements for PRAC […]
We have been advised that a number of owners/agents (O/As) are encountering old or missing data when attempting to view EIV reports for some or all of their properties. We are aware of the errors and are working to correct the issues in the system. O/As experiencing these issues must refer to Chapter 5-13 of HUD Handbook 4350.3 for the hierarchy of […]
NAHMA has learned that HUD is undertaking an evaluation of the effectiveness of the MOR form and process. NAHMA believes our members are in a unique position to offer insight into the strengths and weaknesses of the MOR form and process, and we have created a survey to collect member feedback. (Thanks to NAHMA’s Regulatory Affairs Committee, who participated in […]
On Monday, July 9, HUD hosted a live webinar on two recently released Notices on RAD: 1) Implementation of Certain Fiscal Year (FY) 2018 Appropriations Act Provisions FR-6105-N-01, and 2) RAD Supplemental Guidance PIH-2018-11, H-2018-05. We have posted the recording of the webinar and the slide deck in the RAD Resource Desk. Due to technical issues, some of those who registered were unable to participate. As a result, we are […]
Upcoming Dates and Deadlines July 12: NAHMA Advocacy Call Part 2 – “How to Host a Property Tour” July 16: AFFH comments due to NAHMA July 17: NAHMA – AHMA Call July 24 & 25: NAHMA Government Affairs Committee Calls (TBA) July 27 – Sept 3: AHMA Advocacy Challenge July 31: Disparate Impact comments due to NAHMA General June 26: Announcing NAHMA’s “Advocacy Call” Mini-Series Join us for our “Advocacy Call Part 2: […]
Below, please find information from HUD regarding two new Rental Assistance Demonstration (RAD) Notices that were published today: Implementation of Fiscal Year 2018 Appropriations Provisions and RAD Supplemental Guidance. (Please note that the recently authorized conversion of properties assisted by Section 202 Supportive Housing for the Elderly will be implemented in a future notice.) For more information on RAD, please visit the website or join […]
Below, please find information from HUD regarding owner-adopted preferences in the Rental Assistance Demonstration (RAD) program. For more information about RAD, please click here. Owner-Adopted Preferences in the RAD Program Below is an explanation of owner-adopted preferences for RAD Properties, including direction for owners wanting to establish an owner-adopted elderly preference. This message consolidates and highlights current policy located in the RAD […]
Below, please find information from HUD regarding the recently updated Section 8(bb) Frequently Asked Questions. To view the FAQs online, please click here. Updated Section 8(bb) Frequently Asked Questions (FAQs) On June 14, 2018, the Office of Multifamily Housing Programs issued new answers to a number of recently asked questions on transferring budget authority under Section 8(bb). The new FAQs address questions […]