Section 811 Capital Advance and Project Rental Assistance (PRA) Notices

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 […]

FY20 Fair Market Rents

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 […]

Apply for Technical Assistance to Launch Family Self-Sufficiency Program

** 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 […]

NAHMA LIHTC Update: Housing Credit Disaster Relief for California Wildfires; LIHTC Interest Rates for October 2019

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 […]

NAHMA HUD Update: Apply for Technical Assistance to Launch Family Self-Sufficiency Program

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 […]

NAHMA HUD Update: HUD Publishes HOTMA Proposed Rule: Implementation of Sections on Income Reviews, Limitation on Public Housing Tenancy for Over-Income Families, and Limitation on Eligibility for Assistance Based on Assets

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 […]

NAHMAnalysis – Emerging Changes to REAC and the State of the Nation’s Housing

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 […]

NAHMA HUD Update: Upcoming Webinars on Revision 4 of the RAD Notice

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 […]

NAHMA HUD Update: TRACS Notification of System Upgrade Over the Weekend; Notification of Transaction File Rollover

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 […]

NAHMA HUD Update: HUD Releases Revision 4 of the Rental Assistance Demonstration (RAD) Notice

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, […]

NAHMA Rural Housing Update: USDA Announces FY20 Management Fees, 2019 Income Limits, and Proposed Rule Change for Section 538

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 […]

NAHMA HUD Update: Initial Release of NSPIRE Physical Inspection Standards

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 […]

NAHMA LIHTC Update: Low-Income Housing Tax Credit Rates for September 2019

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% […]

HUD Proposes Changes to the Fair Housing Act’s Disparate Impact Standard; NAHMA Requests Members Submit Feedback by September 27

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 […]

Become COQ Certified Then Enter NAHMA Communities of Quality Awards Competition

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 […]

HUD Launches Foster Youth Initiative; Jobs Plus NOFA Published for PHAs

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. […]

NAHMA Washington Update for August 2, 2019

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 […]

Help NAHMA Connect Adults to Free Literacy App

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 […]

NAHMA HUD Update: HUD Releases State-by-State RAD Fact Sheets; New Webinars Available

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 […]

NAHMA HUD Update: CNA e-Tool Release 3.0 Operational Bulletin

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 […]