NAHMA Is Looking for the Best of the Best Communities of Quality Properties

Do you have an award-winning community and want everyone to know? Then enter the NAHMA 2022 Communities of Quality (COQ) Awards competition. The submission deadline for entries to the COQ Awards program is 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 […]

FSS Final Rule Published

We are happy to announce that the Final Rule implementing the re-authorization of the FSS program was published in the Federal Register on May 17, 2022. FSS is a voluntary program for multifamily owners and residents that provides incentives and support to help families living in HUD-assisted housing to increase their earnings and build financial assets.   The new final rule […]

New Resources for DCTA Recipients and Smaller Distressed Communities

This library of resources, relevant to Distressed Cities and Persistent Poverty Technical Assistance (DCTA) recipients and smaller distressed communities, features a wide range of resources, reports, webinars, and funding opportunities that might be of interest to small governments, tribal organizations, and non-profits, including COVID-19 recovery information. Check back regularly for new resources and information! The following resources are the newest […]

Preliminary Assessment Tool Includes LIHTC Rents and FMR Data

On June 14th, 2022, Rural Development (RD) released Version 8.2.1 of the Preliminary Assessment Tool (PAT).  RD underwriters utilize the PAT to document Multifamily (MFH) transfer and Multifamily Housing Preservation and Revitalization (MPR) decisions.  This version includes updated Low Income Housing Tax Credit (LIHTC) rents and Fair Market Rent (FMR) data based on the Housing and Urban Development (HUD) April […]

NAHMA Announces Its 2022 Affordable 100

The National Affordable Housing Management Association (NAHMA) announces its 2022 Affordable 100—a list of the 100 largest affordable multifamily property management companies ranked by affordable unit counts—is available on its website at https://www.nahma.org/about/affordable-100/. It will also appear in the June issue of NAHMA News. The NAHMA website version expands the list to the top 120 largest multifamily property management companies. […]

Prohousing Designation Program – Advance Notice of Intent to File Second Readoption of Emergency Regulations

This notice is sent in accordance with Government Code section 11346.1(a)(2) and California Code of Regulations title 1 (CCR), section 52, which requires State of California agencies to give five (5) working days advance notice of intent to readopt emergency regulations with the Office of Administrative Law (OAL). The California Department of Housing and Community Development (Department) intends to file […]

HUD Publishes Updates to Seven NSPIRE Standards

The Department of Housing and Urban Development (HUD) has recently published seven updated standards: Call-for-Aid Standard (version 2.2) Carbon Monoxide Alarm Standard (version 2.2.1) Door – Fire Labeled Standard (version 2.2.1) Exit Sign Standard (version 2.2) Fire Extinguisher Standard (version 2.2) Heating, Ventilation, and Air Conditioning (HVAC) Standard (version 2.2) Mold-Like Substance Standard (version 2.2) All new standards are available […]

CPD Income Eligibility Calculator Update; Lead Safe Housing Rule Webinar Series June/July 2022

On June 15, the CPD Income Eligibility Calculator will be updated for two reasons: a) for enhanced functionality and b) to include the Fiscal Year (FY) 2022 Income Limits. These changes will affect calculations in your Income Eligibility Calculator (IEC) dashboard, so please take note of the following: Please be sure to complete any in-progress calculations and download the summary […]

Secretary Fudge Launches Our Way Home Initiative

Secretary Fudge recently launched the Our Way Home initiative, a new effort to boost the nation’s affordable housing supply. Our Way Home builds on the Biden-Harris Administration’s actions to address communities’ housing supply needs in an equitable, inclusive, and sustainable fashion. Through this initiative, HUD will be engaging communities through roundtables, listening sessions, and peer learning opportunities to connect communities […]

Office of Production Issues Temporary Guidance to Improve Process Efficiency

Our Office of Production issued temporary guidance implementing a procedural change to our underwriting queue to improve process efficiency. This change permits eligible pre-applications for FHA Section 221(d)(4) mortgage insurance to convert to firm applications while in the underwriting assignment queue, and future eligible applications to submit a direct-to-firm commitment. This change will better align application submission information with current […]

RADBlast! Transformation at Jordan Downs, RAD & Section 18 Blends, End of the Year Closing Deadlines and More!

Transformation at Jordan Downs in Los Angeles, CA  Jordan Downs, located in the Watts neighborhood of southern Los Angeles, California, was built in the 1940s as housing for war workers during World War II. In the early 1950s, Jordan Downs became public housing under the management of the Housing Authority of the City of Los Angeles (HACLA). While it provides an […]

New Civil Rights Guidance on Marketing and Application Requirements for MF Properties

In case you missed it, HUD issued Civil Rights guidance April 21, 2022 on marketing and application requirements for MF properties that applies to the more than 1.5 million HUD-subsidized multifamily units nationwide, including Project-Based Rental Assistance, Section 202, and Section 811 subsidized units.  The two guidance pieces clarify how certain marketing, rental application processing, and waitlist management practices can perpetuate […]

HOME and HTF Income and Rent Limits Effective June 15, 2022

Please find an announcement below from HUD Exchange regarding FY 2022 Income and Rent Limits going in effect on June 15, 2022, for the HOME Investment Partnerships Program and the Housing Trust Fund Program. The HOME Income Limits are calculated using the same methodology that HUD uses for calculating the income limits for the Section 8 program. The Housing Trust […]

New HOME Program Monthly Reports Available

The following HOME program reports are now posted on the HUD Exchange. Additional HOME program reports are available on the HOME Program Page. HOME Monthly Reports as of 4/30/2022 Now Available: HOME National Production Report: This monthly cumulative summary report of HOME data by federal fiscal year (FY) includes allocations, commitments, disbursements, leveraging ratios, low-income benefits, committed funds by activity type, […]

Comment Deadline Extended for Chapter 9 Section 8 Renewal Policy Guidebook to June 6, 2022

In order to facilitate robust stakeholder input, HUD is extending the deadline for written feedback on proposed changes to Chapter 9 of the Section 8 Renewal Policy Guidebook until midnight Eastern Time on June 6, 2022. A revised draft of Chapter 9 of the Section 8 Renewal Policy Guidebook, Rent Comparability Studies, was posted to the Multifamily Policy Drafting Table […]

Third Round of Funding for Off-Farm Labor Housing Loans and Grants

On April 21, 2022, Rural Development published a Notice of Solicitation of Applications (NOSA) for the third round of new construction funding for Section 514 Off-Farm Labor Housing (FLH) Loans and Section 516 Off-FLH Grants. The third funding round opens on May 16th, 2022. Also included in this Notice is information on addressing funding gaps in current and future FLH-assisted […]

Hosting the USDA Summer Food Service Program

In states across the nation many children receive free or reduced-price breakfast and lunch while school is in session through USDA’s School Breakfast and National School Lunch Programs. However, when schools let out for the summer, many of these children are likely to have limited to no access to breakfast and lunch. Together we can work to ensure that kids […]

HUD Announces New Changes to the Family Self-Sufficiency Program

HUD has announced it will soon publish a rule to implement changes to the Family Self-Sufficiency (FSS) Program. The changes include permanently expanding the definition of an eligible family to include tenants of privately owned multifamily properties subsidized with Project-Based Rental Assistance. In addition to permanently expanding FSS to multifamily owners and allowing them to compete directly for services funding, […]

White House Announces New Actions to Ease the Burden of Housing Costs

The Biden Administration has issued a comprehensive proposal, the Housing Supply Action Plan, intended to reduce housing costs over time by increasing the supply of quality and affordable housing in every community. The plan includes legislative and administrative actions that will help close the housing supply shortfall in five years, starting with the creation and preservation of hundreds of thousands […]

Rates for June 2022

The Internal Revenue Service (IRS) has issued Revenue Ruling 2022-10, 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 June2022. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for June 2022: Appropriate percentage for the 70% […]

Invitation to Section 8 Renewal Policy Guidebook Chapter 9 Listening Session

A revised draft of Chapter 9 of the Section 8 Renewal Policy Guidebook, Rent Comparability Studies, was posted to the Multifamily Policy Drafting Table on April 21, 2022. We appreciate feedback on this document as we work to ensure that HAP contract rents accurately reflect market rental values. The draft chapter, along with a redline version and a worksheet to […]

Affordable Connectivity Program Mini-Guide and Fact Sheet

There is a new federal subsidy program that can help your residents pay for internet service.  The Affordable Connectivity Program, offered through many internet service providers, gives households $30 a month to cover the cost of internet service and a one-time subsidy of $100 for computer devices for eligible households.  ACP is a $14.2 billion program made possible by the Infrastructure Investment […]

Register for Upcoming HUD-CFPB Asset Building Webinars

Rent Reporting and Credit Building Opportunities for HUD-Assisted Residents Tuesday, June 7, 2022 | 2-3:00 p.m. ET This joint webinar by HUD, the Consumer Finance Protection Bureau (CFPB), the Credit Builders Alliance webinar will discuss strategies to help HUD-assisted residents build positive credit histories. A 2019 HUD study of three public housing agencies found that more than half of the adult residents […]

Register for the Multifamily Housing Partnership Update on July 14, 2022

Multifamily Housing Partners, 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, July 14, 2022 at 3:00 p.m. Eastern Time, click here: Multifamily Housing Partnership Updates – Live Meeting USDA is assisting the […]

Multifamily Housing Partnership Quarterly Update Presentation Available

Multifamily Housing Partners, On April 20, 2022, Rural Development Multifamily Housing leadership held a meeting providing a quarterly update to our external partners.  The update included information about annual reporting requirements, physical inspections, upcoming Farm Labor Housing Workshops, and lots of other pertinent information and updates.  These meetings will continue to be held on a regular basis, with our next […]

FHFA Issues Duty to Serve 2022-2024 Underserved Markets Plans

FHFA has issued Non-Objections to the 2022-2024 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program.  The Plans are now available on the DTS website (www.fhfa.gov/dts).  The Enterprises first submitted DTS Plans for 2022-2024 in May 2021.  FHFA evaluated those Plans, considered public feedback, and provided guidance to the Enterprises […]

Public Comment Request on 2022-2023 Priority Guidance Plan Recommendations

The Department of the Treasury and the Internal Revenue Service (IRS) published Notice 2022-21 inviting public comment on recommendations for items that should be included on the 2022-2023 Priority Guidance Plan.  Kindly send us any comments on administrative guidance priorities for the Treasury Department and the IRS by May 13th, 2022. The Treasury Department’s Office of Tax Policy and the […]

Redline of Proposed Revisions to Chapter 9 of the Section 8 Renewal Policy Guidebook

Please find below a redline of the proposed changes to Chapter 9, Section 8 Renewal Policy Guidebook addressing Rent Comparability Studies. The redline shows the original text and the proposed revisions, which are intended to provide greater clarity in the renewal process and address issues not covered in the current chapter on which MFH has received questions. Please also find […]

Participate in Housing Management Fee Survey

USDA Rural Development (RD) is conducting a management fee survey, and we need your help! RD’s Multi-Family Housing (MFH) program is required to develop management fees based on a review of housing industry data (per, 7 CFR 3560.102 (i)(2)(i)).  Annually, RD determines the maximum fee that can be paid to management companies from Section 515 and Section 514 project income, […]

HUD Releases FY 2022 Income Limits

The Income Limits are effective April 18, 2022. HUD released the Fiscal Year (FY) 2022 estimated Median Family Incomes (MFIs) and the FY 2022 Income Limits. MFIs are used as the basis for income limits in several HUD programs, including the Public Housing, Section 8 project-based, Section 8 Housing Choice Voucher, Section 202 housing for the elderly, and Section 811 housing […]