Biden-Harris Administration Launches House America Initiative to Address Homelessness Crisis

House America leverages American Rescue Plan and other federal resources to immediately re-house and build additional housing for people experiencing homelessness WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge, who serves as chair of the U.S. Interagency Council on Homelessness (USICH), today joined Biden-Harris Administration officials, Cabinet members, and elected officials to launch House America: An […]

Low-Income Housing Tax Credit Rates for October

The Internal Revenue Service (IRS) issued Revenue Ruling 2021-18, 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 October 2021. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for October 2021: Appropriate percentage for the 70% […]

Register Today: HOME-ARP Notice Review Webinar Series – Fall 2021

The American Rescue Plan (ARP) provides $5 billion through the HOME Program to the 651 State and local Participating Jurisdictions (PJs) that qualified for FY 2021 HOME funds. In collaboration with other community stakeholders, PJs can use the funding to make targeted, strategic investments in housing and other assistance for people experiencing homelessness or at imminent risk of homelessness, and […]

Annual Adjustment in FHA Statutory Mortgage Limits and List of High Cost Areas for 2021 Now Available

The Annual Indexing of Basic Statutory Mortgage Limits for Multifamily Housing Programs; Annual Indexing of Substantial Rehabilitation Threshold Notice was published in the Federal Register on September 9. Yesterday, HUD published the Annual Revisions to Base City High Cost Percentage, High Cost Area and Per Unit Substantial Rehabilitation Threshold for 2021 Housing Notice and Mortgagee Letter. As both authorized and required by the Consolidated Appropriations […]

HUD Issues HOME-ARP Implementation

HOME-ARP Implementation Notice and Fact Sheets Now Available. HUD has issued Notice CPD-21-10: Requirements for the Use of Funds in the HOME-American Rescue Plan (HOME-ARP) Program (HOME-ARP Notice) which establishes requirements for funds appropriated under section 3205 of the American Rescue Plan Act of 2021 (P.L. 117-2) (ARP) for the HOME Program to provide homelessness assistance and supportive services. The HOME-ARP […]

MFH Issues Advisory for Tropical Storm Nicholas

Multifamily Housing (MFH) is presently tracking Tropical Storm (TS) Nicholas.  The National Hurricane Center reports TS NICHOLAS is strengthening and expected to make landfall in southern TX tonight.  The Governor of LA declared a State of Emergency on September 12, 2021. In preparation for possible storm damage, we ask that management companies with properties located in the storm’s path review […]

RD Publishes Management Fees for FY 2022

USDA’s Office of Rural Development recently published Procedural Notice 553 announcing final management fees for FY 2022. Each state’s management fee adjustment can be found on pages 54-55 (attachment 3-F, Chapter 3 of HB-2-3560) in Chapter 3 of the Asset Management Guidebook. For FY 2022, the base fee will increase by $2.00, and the add-on fees will be $5.00 per unit per […]

Notice Published on 2022 DDAs and QCTs

HUD published its 2022 Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs), effective for allocations of credit or bonds issued after December 31, 2021. HUD is required to annually designate DDAs, which are areas with high construction, land, and utility costs relative to area median gross income, and QCTs, which are areas either in which 50% or more of the households have […]

HUD Announces Disaster Assistance For Louisiana Hurricane Ida Survivors

HUD announced the implementation of federal disaster assistance for areas of Louisiana affected by Hurricane Ida. President Biden issued a major disaster declaration on Sunday for the following parishes: Ascension, Assumption, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. Bernard, St. Charles, St. Helena, St. James, St. John the Baptist, St. Martin, St. Mary, St. […]

Administration Announces Cross-agency Actions to Preserve and Increase Affordable Housing Supply ( LIHTC, MF Risk-Sharing, and ADUs)

The Administration announced several cross-agency actions it is taking as part of President Biden’s plan to preserve, construct and sell nearly 100,000 additional affordable homes over the next three years. Today’s announcement includes: Increasing Fannie Mae and Freddie Mac’s LIHTC Investment Cap Relaunching the multifamily Federal Financing Bank (FFB) and HUD Risk Sharing Program Participate in listening and learning session […]

Multifamily Housing Partnership Quarterly Update and Presentation

On August 12, 2021, Rural Development Multifamily Housing leadership held a meeting providing a quarterly update to our external partners.  The update included information about Emergency Housing Vouchers, American Rescue Plan, Letter of Priority Entitlement (LOPE), upcoming Farm Labor Housing Workshops, and lots of other pertinent information and updates.  These meetings will continue to be held on a regular basis, […]

FCC Issues Emergency Broadband Benefit Fraud Alert

The FCC has issued a consumer advisory warning the public about an Emergency Broadband Benefit imposter website that was collecting personal information from consumers and falsely claiming to provide free devices and services related to the Emergency Broadband Benefit Program.   Consumers are reminded to only use the official Emergency Broadband Benefit website, GetEmergencyBroadband.org, to enroll in the program. Consumers can also contact a participating provider directly, but they should […]

Statement from Secretary Fudge on the Eviction Moratorium

I am deeply disappointed by the Supreme Court’s ruling on the CDC’s eviction moratorium. With this decision, the Court has put millions of Americans at risk of losing their homes—even as the Delta variant heightens their risk of exposure to COVID-19. Many of these Americans are among our most vulnerable—including senior citizens, people with chronic illnesses, young children, and families […]

Administration Announces Additional Actions by Treasury, HUD, USDA to Prevent Evictions

The Biden Administration is announcing new actions to help protect vulnerable tenants and landlords, including steps the Treasury Department is taking to strengthen existing guidance and implement new policies to ensure that state and local grantees can further accelerate Emergency Rental Assistance (ERA) to aid the struggling landlords and renters most at risk of eviction. For months, the Administration has […]

Want to Enter the COQ Awards Competition? Become a Certified COQ Property First

Before you can enter the NAHMA 2021 Communities of Quality (COQ) Awards, you must become a certified Community of Quality property through your local AHMA. Without the certification, you cannot enter this year’s awards. The submission deadline for the NAHMA COQ Awards is Nov. 4. Download your COQ Awards application or learn about the National COQ Recognition program today. To […]

California Promotes Aid for Food, Housing, Utilities and Health Care to Support Millions whose Federal COVID-19 Unemployment Payments Expire in Coming Weeks

As tens of millions of people across the nation face the end of COVID-19-related federal unemployment compensation September 4, California departments are joining together immediately to encourage residents to apply now for other resources that could help them make up for the expiring payments—including money for food, rent, utilities, and health insurance. The California COVID-19 Rent Relief program (HousingIsKey.com) joins […]

FHFA Proposes 2022-2024 Housing Goals for Fannie Mae and Freddie Mac

Stakeholder comments requested for proposed goals which establish benchmarks, promote equitable access to affordable housing Today, the Federal Housing Finance Agency (FHFA) proposed housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2022 to 2024. The proposed housing goals are designed to ensure the Enterprises responsibly promote equitable access to affordable housing that reaches low- and moderate-income families, […]

Join the Lead Safe Housing and Healthy Homes HUD Exchange Mailing List

HUD Exchange has announced the opportunity to sign-up to the Lead Safe Housing and Healthy Homes Listserv to receive email updates on training opportunities, resources, and program support related to creating lead safe and healthy housing. Topics include the Lead Safe Housing Rule, Lead Disclosure Rule, and EPA’s Renovation, Repair, and Painting Rule. Topics and resources will expand moving forward. Lead […]

NAHMA GRASSROOTS ALERT: Please Urge Congress to Support Affordable Housing and Rental Assistance Programs that Preserve, Rehabilitate, and Create New Affordable Housing

Ask your lawmakers to provide increased funding for affordable housing and rental assistance programs that preserve, rehabilitate, and create new affordable units. Dear NAHMA Members, I hope this email finds you well. Congress is currently considering a major increase in affordable housing investments. In a $3.5 trillion proposed spending package, Congress is debating allocating over $300 billion for affordable housing […]

HUD and FHFA Announce Collaborative Agreement to Advance Fair Housing and Fair Lending Enforcement

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) entered into a first-of-its-kind collaborative agreement regarding fair housing and fair lending coordination. Under the Memorandum of Understanding (MOU), the two Agencies will focus on enhancing their enforcement of the Fair Housing Act, which HUD is primarily charged with administering and enforcing, and […]

HUD Publishes Fiscal Year 2022 Fair Market Rents; Announces $30 Million in Grants for Low-Income Elderly Home Modifications

HUD has published the fiscal year 2022 Fair Market Rents (FMRs). Section 8(c)(1) of the United States Housing Act of 1937 requires the Secretary of HUD to publish Fair Market Rents (FMRs) periodically, but not less than annually, to be effective on October 1 of each year. The Fiscal Year (FY) 2022 Fair Market Rents (FMRs) are now available on […]

HUD Issues Updated Multifamily Q and As; Treasury Provides ERAP Promising Practices

HUD’s Office of Multifamily Housing has updated the Multifamily COVID-19 Q&As to reflect the CDC’s new eviction moratorium order announced on August 3rd, that temporarily halts evictions in counties with heightened levels of transmission through Oct. 3, 2021. Please note the new addition on page 18–question 26, that specifies penalties for violating the CDC eviction moratorium order: “Question: What are the penalties […]

NAHMA Shares Rental Assistance Resources Portal and Toolkit

The National Affordable Housing Management Association (NAHMA) is assisting in distributing an online resources portal developed by the Consumer Financial Protection Bureau (CFPB) to help renters and landlords find emergency rental assistance programs in their local areas. The portal is available at www.consumerfinance.gov/renthelp. Additionally, a toolkit for stakeholders that includes information on raising awareness about the rental assistance resources available […]

Rural Development Provides Multifamily Housing

Join USDA Rural Development Multifamily Housing (MFH) leadership to receive updates on MFH programs.  USDA Rural Development MFH staff plan to hold these meetings periodically to provide updates to our customers.  To join us for this meeting on Thursday, August 12, 2021 at 3:00 p.m. Eastern Time, click here: Multifamily Housing Partnership Updates – Live Meeting If you are looking […]

NAHMA and Industry Associations Release Join Statement Opposing the New Eviction Moratorium

The CDC issued a new eviction moratorium order on August 3rd, through October 3rd, 2021. In response to the action taken by CDC yesterday, NAHMA and a broad real estate industry coalition released a joint statement opposing the new federal CDC eviction moratorium and urged the Administration to work with Congress, states, and localities to help with disbursing critical rental […]

CDC Issues New Halt in Residential Eviction in Counties with High COVID-19 Community Transmissions through Oct. 3, 2021

The CDC has just issued a new order temporarily halting evictions, effectively immediately, in counties with heightened levels of community transmission to respond to recent, unexpected developments in the trajectory of the COVID-19 pandemic, including the rise of the Delta variant. It is intended to target specific areas of the country where cases are rapidly increasing, which likely would be […]

IRS Publishes Notice on State Populations Residing in Qualified Disaster Zones

The Internal Revenue Service recently published Notice 2021-45 advising State and local housing credit agencies that allocate low-income housing tax credits of the county and parish-level populations residing in a qualified disaster zone to use in calculating the applicable dollar limitation for 2021 and 2022 (as provided by the Taxpayer Certainty and Disaster Tax Relief Act of 2020). Currently, 11 […]

Administration Issues Call to Action on Rental Assistance, New Local Resource Portal & Toolkit

Having hosted two White House convenings on eviction prevention over the past month, the Biden Administration has indicated it will continue to enact an all-of-government effort to ensure renters and landlords can receive rental relief.  As part of that effort, the Consumer Financial Protection Bureau (CFPB) unveiled a new resource portal today (www.consumerfinance.gov/renthelp) that allows renters and landlords to find […]

How to Stay Up to Date on the Section 3

The Section 3 Final Rule (24 CFR Part 75) became effective July 1, 2021 with the goal to create more effective incentives for employers to retain and invest in their low- and very low-income workers, streamline reporting requirements by aligning them with typical business practices, provide for program-specific oversight, and clarify the obligations of entities that are covered by Section […]

HUD-VASH Registration of Interest Notice Published; 2021 Adjustment Funding for the HCV Program

Please find below two recent notices from HUD’s Office of Pubic and Indian Housing: PIH Notice 2021-21, HUD-VASH Registration of Interest Notice. The notice provides $49 million for new HUD-VASH assistance. The 2021 Appropriations Act provides $40 million, while the additional $9 million is from prior appropriations. HUD estimates that this funding has the potential to fund 6,000 new vouchers. Awards […]