This is your last chance to enter the 2019 National Affordable Housing Management Association (NAHMA)’s Communities of Quality Awards competition; applications are due this Thursday. To enter the awards competition, a property must have achieved national recognition as a NAHMA Community of Quality (COQ) with a minimum score of 325 points on its National Recognition application. For certified COQ properties, the submission deadline […]
Please click here for an important announcement from the Multifamily West Region.
On October 15, 2019, FHA posted for industry feedback the first revised draft chapters for an updated Multifamily Accelerated Processing (MAP) Guide as part of its ongoing work to deliver a fully updated guide in the future. The following drafts are now available for review and feedback until [closing date]: 2020 MAP Guide Draft – Chapter 1: Introduction 2020 MAP […]
The Department published two Notices of Funding Availability (NOFAs) to provide funding for capital advances and rental assistance contracts in support of subsidized housing for persons with disabilities. There is a combined $112 million available to expand the supply of permanent affordable housing for very low-income and extremely low-income persons with disabilities. Funding is available for the two components of […]
Recently, HUD published the fiscal year 2020 Fair Market Rents (FMRs). The FMRs are effective October 1, 2019, unless HUD receives a request before then for reevaluation of specific area FMRs. the FMR for an area is the amount that would be needed to pay the gross rent (shelter rent plus utilities) of privately owned, decent, and safe rental housing […]
** TIME SENSITIVE** HUD now offers hands-on group learning and individualized technical assistance (TA) to multifamily assisted housing owners and management agents to help them implement a Family Self-Sufficiency (FSS) program. The Request for Interest (RFI) and short application can be found here. The submission deadline date is October 8, 2019. Webinar: Submitting Your Special Claim Due to Vacancy, Damage […]
Recently, the IRS released information regarding disaster relief for LIHTC properties impacted by California’s major wildfires, as well as October’s federal interest rates for LIHTC credits. Low-Income Housing Credit Disaster Relief for the State of California Recently, the IRS issued Notice 2019-52, which expands the emergency housing and compliance monitoring relief provided in response to the devastation caused by the […]
HUD is now pleased to offer hands-on group learning and individualized technical assistance (TA) to our multifamily assisted housing owners and management agents to help them implement a Family Self-Sufficiency (FSS) program. The Request for Interest (RFI) and short application can be found here. The submission deadline date is October 8, 2019. For more information and an opportunity to ask questions about […]
The proposed rule, the Housing Opportunity Through Modernization Act (HOTMA) of 2016: Implementation of Sections 102, 103, and 104, was published in the Federal Register for public comments. A summary of the proposed rule is provided below. NAHMA will work with our Regulatory Affairs Committee to formulate formal comments. To assist in this effort, NAHMA requests that members review the proposed […]
Recently, NAHMA published a NAHMAnalysis about the newly released NSPIRE Demonstration Notice, as well as a series of NAHMAnlyses on the state of housing at local and national levels. Emerging Changes to REAC: Initial Release of NSPIRE Standards and Demonstration Notice As part of its continuing efforts to overhaul the physical inspection process, HUD recently published its Notice of Demonstration to Assess […]
This is a reminder per the recent publication of the revised RAD Notice (H 2019-09/ PIH 2019-23), HUD will be hosting live public webinars on the different sections of the Notice in order to provide training and field questions on the changes made. The webinars will be held according to the schedule below and will also be recorded and posted […]
TRACS Notification of System Release/Upgrade Over the Weekend Due to a system upgrade/maintenance, the Tenant Rental Assistance Certification Systems (TRACS) will be unavailable: Off-line: 7:30 PM EST, Friday, September 6, 2019 On-Line: 12:00 PM EST, Sunday, September 8, 2019 The Multifamily Housing Programs industry notification is located at: https://www.hud.gov/program_offices/housing/mfh/trx/trxsum TRACS Notification of System Rollover Large Volume of Transaction Cause Nightly Production Rollover […]
Please find information from HUD about the release of Revision 4 of the RAD Notice, which implements the conversion of affordable housing for the elderly supported by Section 202 PRACs. Please note the upcoming RAD webinars offered in September and October. To read the Notice, please click here. HUD Releases Revision 4 of the Rental Assistance Demonstration (RAD) Notice Today, […]
Please find information about recent USDA updates regarding management fees, income limits, and proposed changes to initial and annual guarantee fees. USDA proposes rule change to promote flexibility in setting fees for Guaranteed Rural Rental Housing Today, Rural Development published a Proposed Rule in the Federal Register which announces a change to fee setting for Section 538, the Guaranteed Rural […]
Please find information from HUD regarding initial NSPIRE standards. HUD is seeking input about the clarity of the deficiencies, the accuracy of the rationales, and the overall usability of the standards. All feedback should be submitted directly to HUD using the agency’s link below; please also forward your comments to NAHMA for industry tracking. Starting in 2017, HUD launched a “wholesale reexamination” of […]
The Internal Revenue Service (IRS) recently issued Revenue Ruling 2019-20, 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 September 2019. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for September 2019: Appropriate percentage for the 70% present value low-income housing credit: 7.46% […]
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. […]