HUD’s Office of Multifamily Housing Programs published a draft of the Housing Opportunity through Modernization Act of 2016 (HOTMA) final rule. HUD provided links to dedicated HOTMA websites for both program offices: Multifamily Housing and Public and Indian Housing (PIH). In addition, MF Housing also included a one-pager (also attached) on the final rule and a preview version of the draft Final Rule (also attached). Per HUD, this Final […]
HUD has recently announced $116 million in FSS renewal awards for service coordinators. The awards will go to 682 PHAs in the amount of $109,499,266 million and will support a total of 1,312 coordinator positions. $6 million in new FSS funding will go to 32 PHAs and 38 PBRA owners to support 70 coordinator positions. Additionally, an updated version of the FSS […]
HUD recently issued a notice of modification to the Demonstration to Assess the National Standards for the Physical Inspection of Real Estate and Associated Protocols (NSPIRE). Through this notification, HUD is informing Demonstration participants who are subject to HUD’s Multifamily Housing program that they will receive an inspection of record through the NSPIRE demonstration unless they opt out of the demonstration, […]
The FY22/23 Community Compass Technical Assistance Notice of Funding Opportunity (NOFO) is now open for applications. Applications for this two-year Community Compass Technical Assistance NOFO are due to HUD by 11:59:59 PM EST on March 28, 2023. HUD will also award FY 2023 funds based on this single NOFO competition at funding levels comparable to FY 2022. A Live NOFO Overview Webinar will be offered […]
Tuesday, February 7, 2023 Stakeholder Listening Session for the Section 538 Guaranteed Rural Rental Housing Program (GRRHP) Updates The USDA Rural Development (RD) Multifamily Housing (MFH) Production and Preservation Division will issue a Notice in calendar year 2023 to announce updates to the Section 538 Notice of Solicitation for Applications (NOSA) that was published in the Federal Register (82 FR […]
HUD has published a Notice of Proposed Rulemaking (also attached) implementing the Fair Housing Act’s affirmatively furthering fair housing mandate, which directs the government to promote fair housing choice, eliminate disparities in housing, and foster inclusive communities. HUD seeks public comment on this proposed rule and invites all interested parties and members of the public to submit their views, comments, […]
The Rural Housing Service (RHS) recently posted revisions to the Guaranteed Rural Rental Housing Program (GRRHP) Origination and Servicing Handbook. These revisions included a correction to Attachment 4-A GRRHP Application Checklist in Chapter 4, to align the Market Study and Appraisal submission requirements with Chapters 3 and 4 of the Handbook. Attachment 4-A now clearly indicates that both a Market […]
The Department of Energy is accepting applications for the Building Upgrade Prize, developed to accelerate equitable energy efficiency, build electrification upgrades and reduce the carbon footprint of the U.S. building stock. For more information, including how to submit applications and how to register for an informational webinar on Thursday, February 2 at 12:00 P.M. (EST), please view the announcement and […]
HUD, along with a group of federal agencies, recently released a joint notice of proposed rulemaking (also attached) intended to restore religious liberty protections for beneficiaries of federally funded social services, such as housing services. The agencies propose to amend their regulations to clarify protections for beneficiaries and potential beneficiaries receiving federally funded social services and the rights and obligations […]
On December 8, 2022, Rural Development released a Procedure Notice (PN) announcing revisions to the Multifamily Housing Loan Origination Handbook (Handbook-1-3560 Chapter 4) and the Multifamily Housing Project Servicing Handbook (Handbook-3-3560 Chapter 7). The PN clarified submission requirements related to citizenship and qualified alien status for Section 515/514/516 Loan, Grant and Project Ownership Transfer applications. The PN applies only to […]
The Internal Revenue Service (IRS) has issued Revenue Ruling 2023-3, 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 January 2023. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for January 2023: Appropriate percentage for the […]
This is a friendly reminder that we will have our Policy Committees Monthly Forum on Wednesday, January 25th at 4:00 p.m.(EST). We ask that members provide policy topics, challenges, concerns, or recommendations to the respective committee. We will compile the member responses and will share the compiled list on Monday, Jan. 23rd, prior to our call on Wednesday, Jan. 25th. […]
We wanted to draw your attention to a Request for Information Notice (RFI) issued by the U.S. Department of Housing and Urban Development (HUD), Office of Multifamily Housing to obtain market information regarding contractor support services for the Green and Resilient Retrofit Program (GRRP) and to receive industry feedback on the draft Performance Work Statement (PWS). This is being issued solely […]
On December 8, 2022, Rural Development released a Procedure Notice (PN) to announce revisions to the Multifamily Housing (MFH) Loan Origination Handbook (Handbook-1-3560 Chapter 4) and the MFH Project Servicing Handbook (Handbook-3-3560 Chapter 7) to clarify citizenship and qualified alien status requirements for applicants during the MFH loan origination process and for MFH project ownership transfers. Agency Regulation 7 […]
Join USDA Rural Development Multifamily Housing (MFH) leadership to receive updates on MFH programs. USDA Rural Development MFH Field Operations staff hold these quarterly to provide updates to our customers. To join us for this meeting on Thursday, January 26, 2023, at 3:00 p.m. Eastern Time, click here: Multifamily Housing Partnership Updates – Live Meeting Agenda topics for the meeting […]
HUD is requesting public comment on plans to implement the key changes made by the VAWA Reauthorization Act of 2022 to the Violence Against Women Act of 1994. The request for comment includes information on relevant VAWA 2013 requirements and existing HUD regulations, relevant VAWA 2022 changes and requirements, and HUD’s proposal for implementation. If you would like NAHMA to submit […]
HUD has recently published a notice in the Federal Register (also attached) seeking comments on implementing the new rules and form revisions included in the recent VAWA Reauthorization Act (signed into law on March 15, 2022). HUD is solicitating comments on five key questions, particularly seeking member input on questions 4 and 5: Whether the proposed collection of information is […]
The Internal Revenue Service (IRS) issued Revenue Ruling 2022-22, 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 December 2022. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for December 2022: Appropriate percentage for the 70% […]
Please find the attached Readout of White House Meeting on Tenant Protections and Rental Affordability. White House staff also shared two reports released today by the Consumer Financial Protection Bureau (CFPB). Per staff, “These reports represent the kind of research the Administration is committed to that will inform policy decisions around tenant protections”: Tenant Background Checks Market Report and Consumer Snapshot: Tenant Background Checks Based on […]
As stated in the Notice here, HUD seeks public input on two (2) proposed technical changes to its OCAF calculation method: Vintage of data. To calculate the inflation factor for each of the nine cost components that comprise the OCAF, HUD uses year-over-year data, pulling data as of May of each year. Beginning with the 2024 OCAFs, HUD will begin […]
The latest NAHMAnalysis providing an Update to the Housing Supply Action Plan is now available. This NAHMAnalysis examines the progress made towards implementing the Housing Supply Action Plan, a set of President Biden’s administrative and legislative priorities first announced in May. To view the NAHMAnalysis: Update to the Housing Supply Action Plan, click here.
REAC has commenced the NSPIRE Get Ready Series, in-person info sessions held across the country (see map below) to discuss upcoming NSPIRE policy, standards, scoring, operations, and inspections set to be released soon. These events are a great opportunity for members to participate in an open dialogue with subject matter experts. Sessions include interactive panel discussions, Q&A sessions, and demonstrations. […]
Recently, HUD published its 2023 Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs), effective for allocations of credit or bonds issued after December 31, 2022. 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 […]
The Department of Housing and Urban Development’s (HUD) Real Estate Assessment Center (REAC) is kicking off the NSPIRE Get Ready Series next week in Cleveland, Ohio, on Oct. 31. This will be first of 14 sessions around the country to learn about the new NSPIRE inspection model. If you are in that area, you can still register for the session. […]
Have you started creating your holiday gift list? Make sure you check it twice to ensure the 2023 NAHMA Drug-Free Kids Calendar is on it. The calendars are so affordable you can gift them to residents, colleagues, friends, and family. Download the order form and send it in today. The calendar cost is $5.50 each, which is a Department of […]
The deadline to enter the NAHMA 2022 Communities of Quality (COQ) Awards competition is this Thursday, Nov. 3. The COQ Awards recognize outstanding property management companies providing the highest quality of safe, affordable multifamily rental housing in communities across the country. Download the COQ Awards application brochure today. A property must first apply for and achieve national recognition as a […]
RD held its quarterly partnerships update meeting on September 29, 2022. The meeting focused on emergency management notifications, annual financial reports, and preservation strategy for 515 portfolios. Please find below (and attached) the PowerPoint presentation from the meeting. The next partnerships meeting is tentatively scheduled for January 26, 2023, at 3:00 p.m. (EST). For more information, please view the update […]
HUD announced today, that as of October 2022, PHAs and their partners have used RAD to generate over $15 billion for construction investments to improve and replace public housing properties since the program’s inception in 2013. HUD has provided a flyer that celebrates what PHAs have been able to accomplish with and for residents and their communities, and that highlights some […]
I’m happy to present the official invitation to HUD Multifamily, Asset Management, San Francisco’s Industry Day taking place next Thursday, October 20st from 9am-12pm PDT. Please join us virtually for some amazing presentations on the Challenges and Best Practices for Housing Formerly Homeless. Please see the attached meeting agenda. We will also be hosting a Q&A at the end of […]
HUD has recently issued a guide for local and state governments titled Quick Guide to Using HUD’s Community Planning and Development Programs. The Quick Guide was created to assist state and local governments in the utilization of their HUD Community Planning and Development (CPD) funds to increase their supply of new affordable housing units, including affordable housing developments financed by LIHTC. […]