The proposed revision to the Fair Housing Act’s Disparate Impact Rule was published in the Federal Register for public comments. In their press release, HUD stated, “The HUD proposed disparate impact rule provides a framework for establishing legal liability for facially neutral practices that have unintended discriminatory effects on classes of persons protected under the Fair Housing Act. The rule has no […]
Before back-to-school activities monopolize your time, make sure you send in your application to become a certified Community of Quality (COQ) property through your local AHMA before the September deadline. Without the certification, you cannot enter this year’s NAHMA Communities of Quality Awards competition. To enter the awards competition, a property must first apply for and achieve national recognition as a NAHMA Community […]
Recently, HUD announced two updates regarding a foster youth initiative and the Jobs Plus program. HUD launches initiative to prevent and end homelessness among young people aging out of foster care HUD Secretary Ben Carson announced a new initiative to target housing assistance to young people aging out of foster care and who are at extreme risk of experiencing homelessness. […]
A membership benefit provided exclusively to NAHMA’s Executive Members Senate Passes Budget Deal; President Trump Signs Into Law This week, President Trump signed H.R. 3877, the Bipartisan Budget Act of 2019 (Budget Act), into law. The Budget Act was passed by U.S. Senate, today, by a 67-28 vote margin and comes after last week’s passage by the U.S. House of […]
There is only one month left to download a free app to help affordable housing residents improve their reading and English skills. The app is available for download until Aug. 31. Help the National Affordable Housing Management Association (NAHMA) spread the word by simply distributing flyers available on the Transforming Lives Through Literacy webpage under the About Us tab at nahma.org. More than […]
Below, please find information from HUD regarding the release of state-by-state RAD fact sheets and other RAD updates. For more information on RAD, please visit https://www.hud.gov/RAD. In an ongoing effort to make information available on the impacts of RAD in communities around the country, HUD has published new state-by-state RAD fact sheets that provide summary information on the RAD activity […]
Below, please find information from HUD regarding the CNA e-Tool Operational Bulletin. For more information, please visit here. What is the purpose of this Bulletin? Thank you to our industry partners for their feedback on the CNA e-Tool! Users identified many issues. The most important issues result from using an off-line Microsoft Excel spreadsheet as the tool for data entry in […]
HUD has opened pre-registration to their NSPIRE Demonstration. Additional details from HUD/REAC are available below, however please view this website to register: https://www.hud.gov/program_offices/public_indian_housing/reac/nspire/registration REAC NSPIRE VOLUNTARY DEMONSTRATION PARTICIPATION PRE-REGISTRATION HUD will launch a new physical housing inspection model and wants to test the adjustments to standards, protocols, and processes prior to nationwide implementation. The department is seeking participation from 4,500 […]
Recently, HUD issued a memorandum providing clarifications to existing HUD guidance related to working with residents and addressing issues at HUD MFH properties, as well as a reminder of the importance of following the guidance. The memo covers the following items: · Owners’ Responsibility to Notify Residents of a Physical Inspection · Owners’ Responsibility to Make Inspection Documents Available for Comment and Review […]
Please find information from HUD regarding a draft electronic signature notice. To access the draft notice online, please click here. Feedback on the draft is due by August 9, 2019. The draft Multifamily Housing Notice, “Electronic Signature, Transmission, and Storage – Guidance for Multifamily Assisted Housing Industry Partners” has been posted to the “Multifamily Policy Drafting Table” for review and […]
NAHMA has published a NAHMAnalysis about the recently reintroduced Affordable Housing Credit Improvement Act of 2019. The Affordable Housing Credit Improvement Act of 2019 In early June, a bipartisan group of Senators and Representatives reintroduced the Affordable Housing Credit Improvement Act (AHCIA), a bill to strengthen and expand the Low-Income Housing Tax Credit (LIHTC) program. Having financed more than 3 […]
Below, please find recent information from HUD regarding Annual Base City High Cost Percentages and High Cost Areas, the adjusted base amount per unit to define substantial rehabilitation, incentives for FHA mortgage insurance for properties located in Opportunity Zones, and basic statutory mortgage limits for FHA Multifamily Housing Programs in 2019. 1. Annual Revisions to Base City High Cost Percentage, High […]
HUD is requesting public comment on recently proposed methodological changes to Fair Market Rents (FMRs). Please submit comments to us regarding the attached Federal Register notice by Wednesday, July 3, 2019. Please also note that NAHMA is still accepting comments on HUD’s proposed immigration verification rule until Friday, June 28, 2019. More info on the proposed rule is available here. To date, NAHMA has received […]
Before entering the NAHMA 2019 Communities of Quality (COQ) Awards competition, a property must first apply for and achieve national recognition as a NAHMA Community of Quality with a minimum score of 325 points on its National Recognition application. If a property is not currently a nationally recognized COQ property, the deadline for submitting an entry-level application to a local AHMA for consideration in the national program […]
The Internal Revenue Service (IRS) recently issued Revenue Ruling 2019-16, 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 July 2019. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for July 2019: Appropriate percentage for the 70% present value low-income housing credit: 7.53% […]
HUD has updated and published the RAD Inventory Assessment Tool, an Excel-based tool designed to help public housing agencies (PHAs) make a first-level assessment of properties in their inventory for potential conversion of assistance to long-term Section 8 contracts. The tool is designed for PHAs that are newly considering or re-considering RAD at RAD rents based on the FY 18 Appropriation […]
NAHMA is currently exploring the possibility of offering a group health benefits program to NAHMA/AHMA members. Specifically, NAHMA is exploring a partnership with Decisely, an integrated benefits solutions partnership that offers best-in-class benefits, including medical, vision, dental, life insurance, and more. Decisely delivers comprehensive products, pricing, and support options to provide more cost-effective solutions to businesses around the country. Data […]
NAHMA, Buyers Access Announce Partnership Alexandria, Va., May 30, 2019 ― The National Affordable Housing Management Association (NAHMA) and Buyers Access—a provider of purchasing optimization services and customized purchasing solutions to the multifamily industry—announce a strategic partnership that creates a NAHMA-AHMA Member Benefit Program. The program will provide purchasing discounts to members among other benefits, and in turn, Buyer Access […]
Now Accepting Applications for the Housing Preservation Grant Program through July 8, 2019 On Friday, May 24, 2019, The Rural Housing Service (RHS) announced via a publication in the Federal Register that it is soliciting applications under its Housing Preservation Grant (HPG) Program. The HPG Program is a grant program which provides qualified public agencies, private nonprofit organizations, which may […]
Before summer vacations and back-to-school events start dominating the schedule, plan to enter the NAHMA 2019 Communities of Quality (COQ) Awards competition. The submission deadline to NAHMA is Nov. 7. To enter the awards competition, a property must first apply for and achieve national recognition as a NAHMA Community of Quality with a minimum score of 325 points on its National Recognition […]