NAHMA Rural Housing Update: RD Moving Forward with Programs; Shutdown Impact on Expiring Conditional Commitments

Below, please find two updates from USDA Rural Development regarding the partial government shutdown: 1.       USDA Rural Development is Moving Forward with its Programs “We now have an enacted Fiscal Year (FY) 2019 continuing resolution that provides short-term funding for the U.S. Department of Agriculture (USDA), Rural Development. As we begin an orderly start-up of our loan and grant activities for FY 2019, […]

NAHMA HUD Update: Memos on the Resumption of Multifamily Production and Asset Management Activities

Today, HUD’s Office of Multifamily Housing (MF) published the attached two memos regarding the resumption of Multifamily Production (pg. 1-2) and Asset Management (pg.3-4) activities. Per HUD MF,  please direct all questions to the appropriate points of contact. Click here.

NAHMA HUD Update: Shutdown Impact on Multifamily Production and Asset Management Activities

Please find information from HUD regarding the impact of the government shutdown. To view the memo online, please click here. Multifamily Stakeholders: The partial government shutdown continues as the Department of Housing and Urban Development’s spending authority expired on Friday, December 21, 2018, due to the lack of appropriated funding.  Please see the online PDF for two memos regarding the impact of the government shutdown […]

NAHMA HUD Update: TRACS Release 2.0.3.A Delayed Implementation Schedule and Cancellation of TRACS Industry Working Group Conference

Below, please find information from HUD regarding the delayed implementation schedule for TRACS Release 2.0.3.A and the cancellation of the TRACS Industry Working Group Conference. TRACS Release 2.0.3.A Delayed Implementation Schedule TRACS Release 2.0.3.A forms approval is still pending Office of Management and Budget (OMB) forms approval.  As a result, the targeted February 1, 2019 implementation date for TRACS Release 2.0.3.A will need to be postponed. The […]

NAHMA HUD Update: CNA e-Tool Release 2.4 Launches on December 17; Best Practice Guidance for Guest Suites in MFH

Below, please find two updates from HUD regarding the CNA e-Tool and best practices for guest suites in Multifamily Housing. CNA e-Tool: The latest edition announces the Launch of Release 2.4; New Flags Added; and Updated Usage Statistics System Temporarily Unavailable During Upgrade Installation The CNA e-Tool will be unavailable from 8 p.m. EDT Friday, December 14, through midnight Sunday, December […]

NAHMAnalyses – Housing in high poverty areas, high opportunity areas, and “Opportunity Zones”

Today, NAHMA published three NAHMAnalyses relating to housing and opportunity, including housing in high poverty areas and high opportunity areas, as well as investment in “Opportunity Zones.” Opportunity Zone Investment and Affordable Housing This NAHMAnalysis looks to a recent tax code change that could increase access to housing and opportunity in economically depressed communities: the creation of “Opportunity Zones” and […]

NAHMA HUD Update: HUD Announces New RAD Rent Levels for 2019 and RAD Application Goes Online

Below, please find an update from HUD regarding Rental Assistance Demonstration (RAD) rent levels for 2019 and the RAD application. The FAQs are available online here. New RAD Rents for 2019 After implementing the RAD Public Housing cap increase to 455,000 units in July 2018, HUD announced that RAD rent levels will be based on final FY 2018 public housing funding […]

NAHMAnalysis – “A Recap of Housing Legislation in the 115th Congress”

Today we published a new NAHMAnalysis titled “A Recap of Housing Legislation in the 115th Congress.” As 2018 draws to a close, NAHMA provides members with a recap of affordable housing legislation that lawmakers deliberated during the 115th Congress (2017-2018). To view the NAHMAnalysis online, please click here.

NAHMA Grassroots Alert: Urge Congress to Prevent a Government Shutdown and Support FY19 Funding for Affordable Housing Programs

Congress is in deep disagreement over immigration funding and this is jeopardizing government funding for HUD and USDA for the rest of this fiscal year (FY19). Ask lawmakers to fully fund affordable housing programs. A government shutdown and temporary stopgap funding measures are harmful to families living in affordable housing, and they are harmful to our industry. Request full funding: Urge your lawmakers to enact […]

NAHMA HUD Update: Attempted Security Breach targeting the Contract Administrator Community

Yesterday, HUD headquarters released a message to the Contract Administrator community to report an attempted security breach targeting an owner/agent. Owners and agents are encouraged to share the below information with their staff to ensure sensitive information is not obtained by unauthorized individuals. What happened: This week, an owner/agent received a phone call from someone portraying themselves as HUD staff […]

NAHMA LIHTC Update: Credit Volume Caps, Priority Guidance Plan, and LIHTC Rates for December

Below, please find three Housing Credit updates related to the 2019 Credit volume caps and small state minimum, the Priority Guidance Plan for the Treasury Department and the IRS, and the prescribed LIHTC rates for December. 2019 Housing Credit and Private Activity Bond Volume Cap amounts This week, the IRS issued the 2019 per capita and small state minimum volume […]

NAHMA HUD Update: MFH Risk Rating Summary Sheet and Suspension of Global MORs

1.       Please find here the HUD Multifamily Risk Rating Summary sheet used for troubled properties. Over 29,000 active MF assets are rated according to the scale in the attached sheet. 2.       HUD HQ Update on Suspending Global MORs – The HUD MF Leadership Team provided the following message for NAMHA members: “Thank you again for the opportunity to address your members at your fall conference […]

NAHMA HUD Updates: Housing Notice on Physical Conditions Standards and Inspection Requirements, Housing Notice on Revised Concentration of Principal Risk Criteria, and HUD Announces REAC Re-examination

HUD’s Office of Multifamily Housing shared the following policy updates on Physical Conditions Standards and Inspection Requirements (H 2018-08), Wholesale REAC re-examination, and FHA Principal Risk Criteria Revision (H 2018-09).  Please note that I have attached the REAC update and the physical inspection notice. Servicing of Projects That Do Not Meet HUD’s Physical Condition Standards and Inspection Requirements (PCS&IR) or Fail to Certify That Exigent Health […]