HUD published its 2021 Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs), effective for allocations of credit or bonds issued after December 31, 2020. 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 […]
NAHMA is inviting nominations for its 2020 Industry Awards in three (3) categories, as outlined below. Nominations are due to NAHMA by Friday, Nov. 6, 2020. Applications will be forwarded to our Nominating Committee for review, and award winners will be announced via press release in January 2021. Awards will be presented at the annual NAHMA Industry Awards Reception at […]
USDA’s Rural Housing Service (RHS) published a proposed rule, “Rental Assistance and Asset Management for the Multi-Family Housing Direct Loan Programs” for public feedback. This proposed rule amends RHS regulations to implement changes related to the development of a “sustainable plan” for the Rental Assistance program, including providing RHS flexibilities in the managing of the Rental Assistance distribution and the […]
On September 21, HUD’s Office of Public and Indian Housing and Office of the Assistant Secretary for Housing published a proposed rule, “Streamlining and Implementation of Economic Growth, Regulatory Relief, and Consumer Protection Act Changes to Family Self-Sufficiency (FSS) Program” for public feedback. This proposed rule implements changes and streamlines the FSS program, as required by the Economic Growth, Regulatory […]
Sweater weather is coming and so is a new year. The 2021 National Affordable Housing Management Association (NAHMA) Drug-Free Kids Calendar’s original artwork can make you feel all warm and fuzzy on the inside. Be one of the first to own this collector’s item by downloading the order form and sending it in today. The calendars will begin shipping in […]
The California Department of Housing and Community Development (HCD) has posted the Multifamily Housing Program (MHP) Round 3 NOFA Applications Received and Self-Scores. The Round 3 MHP Notice of Funding Availability was released July 15, 2020. Applications were due September 15, 2020 and HCD received a total of 92 applications requesting approximately $986 million out of approximately $195 million available. Please note: The project information […]
Please find an update from HUD’s Rental Assistance Demonstration (RAD), via their RADBlast. This update includes a Notice providing supplemental COVID-19 guidance for PHAs and owners converting properties through RAD. The Notice describes the availability of Operating Fund CARES Act funds for public housing properties that have converted or that will convert in Calendar Year 2020 and that are still […]
1) This week, HUD’s Office of Public and Indian Housing issued Notice 2020-24, Extension of Period of Availability for CARES Act Supplemental Public Housing and Housing Choice Voucher Funds, Guidance on CARES Act Financial Reporting Requirements (FDS and Quarterly Reporting), and Other CARES Act Provisions. The notice provides information on funding extensions, annual reporting, & quarterly reporting for PHAs that […]
Online registration for the 2020 National Affordable Housing Management Association (NAHMA) Biannual Top Issues in Affordable Housing virtual fall conference is now open. Register today for one low price. The multiday event, Oct. 26-30, will focus on virtual panels concentrating on the top issues facing affordable housing as well as educational sessions on pandemic- and diversity, equity and inclusion-related topics. […]
North Housing is a 12-acre site owned by the Housing Authority of the City of Alameda (AHA) on the West End of the island of Alameda, set in the heart of the Bay. The site was transferred from the Navy to the Housing Authority in May 2019. Coming full circle, the property was previously owned by AHA in the 1940’s and […]
The Internal Revenue Service (IRS) issued Revenue Ruling 2020-20, 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 2020. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for October 2020: Appropriate percentage for the 70% […]
The future of the rental housing industry hangs in the balance – Congress needs to hear from you. The administration’s recent action to enact a federal eviction moratorium without providing financial assistance to renters and property owners will only exacerbate the financial and housing crisis we currently face. Without rental assistance, the real estate industry is being mandated to shoulder an […]
Today, HUD’s Office of Multifamily Housing published an updated Rental Assistance Demonstration (RAD) Policy Quick Reference Guide for Multifamily Housing Requirements. This Policy Quick Reference Guide should be used alongside both the upcoming RAD Systems Procedure Guide and the Rental Assistance Demonstration – Final Implementation, Revision 4 Notice H 2019-09, PIH 2019-23 (HA). It provides guidance for occupancy related policy […]
The Department of Housing and Urban Development has issued an announcement reminding all grantees-states, cities, communities, and nonprofits-who received Emergency Solutions Grants (ESG) or Community Development Block Grant (CDBG) funds that they may use these funds to provide rental assistance or other aid to individuals experiencing financial hardship because of the pandemic and are at risk of being evicted, consistent […]
The Department of Housing and Urban Development is continuing the rollout of the CNA e-Tool, version 3.0., scheduled to go live on October 13, 2020. The update below describes that problems associated with the planned release of CAN-E-Tool 3.0 have been resolved and the Multifamily Capital Needs Assessment e-Tool 3.0 is ready for implementation. Please see the announcement below and the […]
INFRASTRUCTURE UPDATES in BLUE SPOT REPORT: California- Power Outage-Public Safety Power Shutoff– Update 1 REPORT DATE/TIME: Monday, September 07, 2020, 1935 PDT LOCATION: 22 counties throughout Northern California. DESCRIPTION/BLUF: A PSPS is being initiated throughout Northern California which will potentially affect 171,842 customers. The decision has been made to go forward with de-energization. The window for de-energization is from 0000 […]
Below, please find an update from HUD’s Rental Assistance Demonstration (RAD), via their RADBlast. This update includes information on the availability of a new webinar, hosted by the Multifamily Office of Recapitalization, that will provide an overview of the new Post-Conversion Approval Processing Guide. The processing guide provides information to owners and public housing agencies on how to process issues […]
This is a follow up email to Tuesday’s important update regarding the Centers for Disease Control and Prevention Order to temporarily halt all residential evictions to prevent the further spread of COVID-19, until December 31, 2020. The Order and has been officially published this morning in the Federal Register and is effective September 4, 2020 until December 31, 2020. The […]
The Department of Housing and Urban Development recently announced it will speed up federal disaster assistance for the State of Louisiana, in order to provide support to homeowners and low-income renters displaced from their homes in areas affected by Hurricane Laura. Please see the announcement below for more information on available relief and assistance measures: HUD ANNOUNCES DISASTER ASSISTANCE FOR […]
This afternoon, the Centers for Disease Control and Prevention released an Order to temporarily halt all residential evictions to prevent the further spread of COVID-19, until December 31, 2020. The Order will be published in the Federal Register on September 4, 2020. The Applicability Section states, a landlord/owner of a residential property, or other person (including corporations, companies, associations, firms, […]