The National Affordable Housing Management Association (NAHMA) is heartened by the verdict delivered in Minneapolis yesterday, and prays that it brings a sense of justice to the family of George Floyd. But sadly, the verdict cannot temper the grief for the family of losing a loved one. And there are still too many families across the country mourning the loss […]
The Consumer Financial Protection Bureau (CFPB) today issued an Interim Final Rule which addresses certain debt collector conduct associated with an eviction moratorium issued by the Centers for Disease Control and Prevention (CDC) in response to the global COVID-19 pandemic. The CFPB’s rule requires debt collectors (as defined by the Fair Debt Collection Practices Act) to provide written notice to tenants of their […]
The Department of the Treasury and the Internal Revenue Service (IRS) published Notice 2021-28 inviting public comment on recommendations for items that should be included on the 2021-2022Priority Guidance Plan. Kindly send us any comments on administrative guidance priorities for the Treasury Department and the IRS by May 21st, 2021. The Treasury Department’s Office of Tax Policy and the IRS […]
The Internal Revenue Service (IRS) issued Revenue Ruling 2021-8, 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 May 2021. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for May 2021: Appropriate percentage for the 70% […]
Today, the Centers for Disease Control and Prevention (CDC) issued updated Frequently Asked Questions (FAQs) to the Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19 (with the last update occurring in early February). Please note that these FAQs include several new updates, including: Who does this Order apply to? The Order applies to a landlord, owner […]
HUD’s Office of Multifamily Housing published Housing Notice 2021-01, Continued Availability of Funds for COVID-19 Supplemental Payments for Properties Receiving Project-Based Rental Assistance under the Section 8, Section 202, or Section 811 Programs. This Notice opens the third round of application submissions for owners to apply for funds to offset property expenditures to combat the effects of COVID-19 and the […]
HUD has announced several recent updates regarding Section 8(bb) transfers for owner opt-outs; a $5 billion allocation for the HOME program, and efforts to end Veteran homelessness. For more information, please see the three announcements below: Section 8(bb) Subsidy Transfer Requests Mr. Toby Halliday, Director of HUD’s Multifamily Housing Office of Management and Portfolio Oversight, announced the lifting of a […]
Below, please find an update from HUD’s Rental Assistance Demonstration (RAD), via their RADBlast. This update includes the new Faircloth-to-RAD option available to public housing authorities to create new deeply affordable housing. Additionally, HUD has produced guidance PHAs and their partners can use to understand the process and make the appropriate submissions to HUD. To provide further clarity, HUD will […]
Below please find an update from HUD’s Office of Asset Management and Portfolio Oversight regarding the National Standards for the Physical Inspection of Real Estate (NSPIRE). This NSPIRE update provides members with the opportunity to review and comment on the most recent NSPIRE inspection standards. HUD intends to use these standards as it restarts demonstration inspections under NSPIRE and anticipates […]
The Federal Communications Commission (FCC) launched a new Emergency Broadband Benefit resource last week and created a new resource tool that allows partners and consumers to view by state or territory the providers that will be participating in the Emergency Broadband Benefit program. The Emergency Broadband Benefit Providers listing includes the type of service offered, whether it’s “fixed” or “mobile”, and whether the provider offers connected devices as part of the program. Please note, the list will be updated daily to include newly-approved participating providers. The listings […]
Avoid any last-minute surprises when filling out the National Affordable Housing Management Association (NAHMA) 2021 Affordable Housing Vanguard Awards application by starting it now. It will make it easier for you to ensure you have all the required elements before you send in your completed entry. The deadline is June 4. The application can be downloaded from the Vanguard Award webpage, […]
The Department of Housing and Urban Development announced today the allocation of $689,565,492.92 through the nation’s Housing Trust Fund (HTF) for the construction and operation of affordable, accessible housing for the lowest-income people. The HTF is a dedicated resource for building, rehabilitating, and preserving affordable housing for people with the lowest incomes. To view the FY21 Housing Trust Fund Allocations […]
Today we posted an update to our Multifamily Q&A for COVID-19. To find new or revised answers in the PDF, you can search the date 4/2/21. This Q&A includes updated guidance on: Facilitating COVID-19 tests and vaccines Use of emergency funds Stimulus payments & income calculations We also posted Q&As related to the CDC order to temporarily halt residential evictions, including its extension […]
HUD has commemorated the month of April as Fair Housing Month 2021, with a theme of reflecting President Biden’s commitment to advancing equity in housing along and increasing the public awareness that everyone deserves and has the right to fair housing. Below, please find a message from HUD Secretary Marcia Fudge celebrating National Fair Housing Month, as well as a […]
Below, please find an update from HUD’s Rental Assistance Demonstration (RAD), via their RADBlast. This includes an update to the Section 3 rule, a statutory requirement designed to strengthen communities, reduce poverty, and increase economic self-sufficiency. Specifically, the rule ensures that employment and other economic opportunities generated by Federal financial assistance for housing and community development programs are, to the […]
Proposed changes will be presented at meeting. The California Department of Housing and Community Development (HCD) is providing notice of a meeting to present proposed changes, specifically related to electric vehicle charging, for the 2022 CALGreen Code. These building standards are proposed for adoption in the 2021 Triennial Code Adoption Cycle and will become effective January 1, 2023. Meeting April 12, 2021 […]
The National Affordable Housing Management Association (NAHMA) releases its annual report highlighting its accomplishments in 2020. Read the full report on the NAHMA Annual Report webpage found under the News & Analysis tab in the Members Only section—which requires a membership login—on the NAHMA website. A copy of the report is also attached. The report focuses on three keys areas: […]
Today the Centers for Disease Control and Prevention (CDC) announced a 90-day extension of the federal eviction moratorium until June 30, 2021. The order applies to several federal agencies including the Treasury Department, the Department of Housing and Urban Development (HUD), and the Department of Agriculture (USDA), and specifically prohibits a landlord or owner of a residential property from evicting […]
The Internal Revenue Service recently published Frequently Asked Questions on the Emergency Rental Assistance (ERA) Program. Specifically the FAQs address questions on ERA Payments and if they are includable in Gross Income. Based on the answers provided, renters do not include ERA payments in their gross income, while landlords and utility companies do. You can find the FAQs here: https://www.irs.gov/newsroom/emergency-rental-assistance-frequently-asked-questions […]
Please find attached the Converged Services power-point presentation from today’s FCC Emergency Broadband Benefit Program presentation.