NSPIRE Live for Multifamily; Plus HCV Admin and Extension Notices Published, Updated Score Calculator & More

NSPIRE Is Effective for Multifamily Housing Portfolio HUD hit a second milestone for the National Standards the Physical Inspection of Real Estate (NSPIRE) as the new standards are now effective for the Multifamily Housing portfolio as of October 1. Properties inspected by REAC will receive a 28-day notification before an inspection. The Multifamily portfolio effective date marks the second phase […]

Over $160 Million Awarded for the Section 202 Program to Create and Preserve Affordable Housing for Low-Income Seniors

The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that it has awarded $160.1 million in grants to non-profit organizations across the country to support the development of new or redeveloped affordable multifamily rental housing and ongoing project-based rental assistance for low-income seniors. “HUD is committed to addressing homelessness with urgency and ensuring […]

HUD MF Releases Important New HOTMA Implementation Guidance

The Office of Multifamily Housing (MFH), in partnership with HUD’s Office of Public and Indian Housing (PIH), published Housing Notice 2023-10, Implementation Guidance: Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016. You can read the guidance here. Please note the following: The Notice contains implementation guidance for everything but the Section 104 asset limitation. HUD will […]

HUD Clarifies Civil Rights Protections Against Housing Discrimination on the Basis of Shared Ancestry or Ethnic Characteristics

As part of the Biden-Harris Administration’s National Strategy to Counter Antisemitism, HUD’s Office of Fair Housing and Equal Opportunity joins seven other federal agencies to issue fact sheets on Title VI protections. The U.S. Department of Housing and Urban Development (HUD) and seven other agencies across the federal government are for the first time clarifying in writing that Title VI of the Civil […]

NAHMA Applauds Developers and Managers at the Forefront of Affordable Housing

The National Affordable Housing Management Association (NAHMA) announces the winners of its annual Affordable Housing Vanguard Awards. These awards recognize newly developed or significantly rehabbed affordable multifamily housing communities that showcase high-quality design and resourceful financing. The excellence exhibited throughout these multifamily developments dispels the notion that affordable housing cannot be an asset to their communities. Vanguard Award winners deliver powerful […]

Slide Deck from September NAHMA Member Call

Please find the slide deck from the September 20, 2023, NAHMA Member Call here.

HUD Names Jen Larson Director of the Office of Multifamily Asset Management and Portfolio Oversight

It is my pleasure to announce Jen Larson as the Director of the Multifamily Office of Asset Management and Portfolio Oversight (OAMPO). Prior to her new position, Jen’s most recent role was Housing Senior Advisor in HUD’s Office of Recapitalization working primarily on the Green and Resilient Retrofit Program (GRRP). Jen fell in love with the affordable housing field over […]

Qualified Census Tracts and Difficult Development Areas

HUD has published the 2024 Qualified Census Tracts (QCTs) and Difficult Development Areas (DDAs). The 2024 lists of QCTs and DDAs are effective: (1) for allocations of credit after December 31, 2023; or (2) for purposes of IRC section 42(h)(4), if the bonds are issued and the building is placed in service after December 31, 2023. For more information on […]

HUD Launches new Tool to Connect Program Participants to Billions of Dollars in Federal Funding and Tax Credits to Improve Carbon Reduction and Climate Resilience

Per HUD’s press release, please find links to new HUD resources: Build for the Future (Build for the Future empowers local communities to undertake initiatives focused on climate resiliency, energy efficiency, renewable energy, and environmental justice. It achieves this by providing critical access to funding opportunities, offering guidance materials, and fostering peer-to-peer knowledge sharing.) The Build for the Future Funding Navigator (Filter and search for […]

Deadline To Enter the NAHMA COQ Awards Rapidly Approaches

There are only six short weeks before the deadline to enter the NAHMA 2023 Communities of Quality (COQ) Awards competition. The submission deadline for entries is Nov. 2. The COQ Awards recognize outstanding property management companies providing the highest quality of safe, affordable multifamily rental housing in communities nationwide. Download the awards brochure today. A property must first apply for and achieve national recognition […]

Cost Not Attributable Mortgagee Letter; and RADBlast on Resident Engagement Changes in RAD Supplemental Notice

HUD’s Office of Multifamily Housing published a Mortgagee Letter announcing the revised method for calculating cost-not-attributable to residential use that is simpler, saves time, and achieves standard results across the country. The Mortgagee Letter will shortly replace the Multifamily Accelerated Processing (MAP) Guide Appendices A.5.10 and A.5.11 with a single, shorter, new Appendix A.5.10. While the MAP Appendix is revised, the Mortgagee Letter […]

First Funding Awards Made to Support Energy Efficiency and Climate Resilience in Multifamily Assisted Housing Properties

HUD announced the first awardees that received funding under the Green and Resilient Retrofit Program (GRRP).  In a press release below, HUD states, “Today’s awards will help fund upgrades for 28 multifamily properties containing more than 3,400 HUD-Assisted Multifamily rental homes for low-income families, seniors, and persons with disabilities.” Congratulations to members, including your staffs and properties, that received GRRP funding. Also […]

Preorder Your 2024 NAHMA Drug-Free Kids Calendar Today

Preorder your 2024 NAHMA Drug-Free Kids Calendar and be one of the first to own this one-of-a-kind collection of talented residents’ artwork. Avoid shipping delays by downloading the order form and sending it in today. The calendars will begin shipping in mid-September. The calendar cost is $5.50 each, which is a Department of Housing and Urban Development and U.S. Department of Agriculture […]

NAHMA Educational Foundation Awards Scholarships

The NAHMA Educational Foundation has selected 111 student residents to receive scholarships this year. Each scholarship is worth $3,500; the total scholarship money awarded for 2023 is $388,500. Additionally, $2,000 will be donated to the Department of Apparel, Housing, and Resource Management at Virginia Tech for scholarships for students pursuing their bachelor’s degree in property management. “We take immense pride in the […]

FY24 FMRs Published; $113 Million in HCVs Awarded

The U.S. Department of Housing and Urban Development (HUD) announced two actions that together will enable more families to rent a healthy, stable home at an affordable cost: publishing Fair Market Rents (FMRs) for Fiscal Year (FY) 2024 and releasing an additional $113 million in Housing Choice Vouchers to public housing agencies to help 9,500 families to meet these growing […]

How Rental Housing Providers Can Access Historic Federal Broadband Infrastructure Funding (Webinar on Sept. 6)

Over the summer, the White House announced next steps for rolling out historic broadband deployment funding through the National Telecommunications and Information Administration’s (NTIA) Broadband Equity, Access, and Deployment Program (BEAD Program). This much anticipated announcement will guide the disbursement of broadband infrastructure funds totaling more than $42.5 billion, a portion of which can be used by rental housing providers to build […]

Starting NOW NEW LINK – NAHMA Policy Committee Meeting on August 16th

This email is a friendly reminder that we will have our monthly Policy Committees Meeting on Wednesday, August 16th, 2023, at 4:00 p.m.(EST). **Please note below is a new meeting link. Please delete old meeting invitation.*** Following the August 16th meeting, our next call will occur on: Wednesday, September 20, 2023 Join from PC, Mac, Linux, iOS or Android: https://meetings.ringcentral.com/j/1454908585 For the […]

Posted Draft TRACS MAT Guide – August 12, 2023

The draft TRACS Release 203A MAT Guide update has been posted to:  https://www.hud.gov/program_offices/housing/mfh/trx/trxsum Stakeholder comments on the draft TRACS Release 203A MAT Guide allow you to provide input into developing instructions and TRACS processing of tenant certifications and vouchers proposed by HUD. Generally, comments are written in support or dissent of proposed instructions or processing of tenant certifications and vouchers […]

Updated Public and Assisted Housing Guidance for Treatment of Solar Programs

The U.S. Department of Housing and Urban Development published updated guidance for owners of properties participating in HUD Multifamily Assisted Housing programs regarding the treatment of financial benefits received from participation in community solar energy programs or the presence of on-site solar facilities.  HUD updated this guidance to consolidate and expand on multiple previously issued policy documents, along with current […]

Multifamily Housing Partnership Presentation; Renters Bill of Rights; Denial of Admission Best Practices

On July 20, 2023, Rural Development Multifamily Housing leadership held a meeting providing a quarterly update to our external partners.  The update included information about leadership changes, budgets, new tools and resources, Multifamily Physical Inspection Pilot Program (MPIPP), and lots of other pertinent information and updates. These meetings will continue to be held on a regular basis, with our next partnership […]

Administration Announces New Renter Protections and Housing Supply Actions: Includes New RAD Supplemental Notice and HUD Tenant Education and Outreach NOFO

Please find the subject updates below: Administration Announces Action to Protect Renters The White House released a fact sheet highlighting actions to protect renters, available HERE.  Actions include:        Several agencies released guidance or best practices to landlords, operators, and stakeholders who rely on tenant screening reports when evaluating applications from renters (Links below to each agency details).        Providing more time for […]

Section 538 Guaranteed Rural Rental Housing Program Handbook Revisions

Rural Development’s Office of Multifamily Housing recently posted revisions to the Section 538 Guaranteed Rural Rental Housing Program (GRRHP) Origination and Servicing Handbook. Chapters 3 and 8 of the Handbook have been updated to clarify the documentation lenders must provide to the Agency to verify that borrowers, management entities and principals are not excluded or disqualified from participating in the […]

Biden-Harris Administration and Secretary Fudge Take on Junk Fees in Rental Housing

President Biden and U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced new commitments by several of the biggest rental housing search platforms to increase transparency of housing fees, and released new research that highlights and summarizes state and local innovation to address junk fees. Rental fees can increase cost burdens for renter households, who are […]

HUD Issues Request for Information to Enhance Accessibility and Usability of Programs

HUD recently published a Request for Information (also attached) in the Federal Register asking the public how the agency can make its programs easier to access and use. HUD invites comments on which application and eligibility forms could be simplified; how to reduce the burden for people with disabilities, people with limited English proficiency, and other vulnerable groups; what data […]

LIHTC Update: Rates for August 2023

The Internal Revenue Service (IRS) issued Revenue Ruling 2023-13, 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 August 2023. As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for August 2023: Appropriate percentage for the 70% present value low-income housing credit: 7.94% Appropriate […]

NSPIRE Scoring Notice

Please find the NSPIRE Scoring notice HERE. The notice’s Summary section has been included below for reference. Summary This notice serves as a complementary document to the Economic Growth Regulatory Relief and Consumer Protection Act: Implementation of National Standards for the Physical Inspection of Real Estate (NSPIRE) rule published May 11, 2023. The NSPIRE rule provides that HUD will publish […]

NAHMAnalysis: The Fiscal Responsibility Act of 2023

The latest NAHMAnalysis: The Fiscal Responsibility Act of 2023, is now available. The bill increased the country’s borrowing limit through 2025 and averted a national default. This NAHMAnalysis examines key provisions of the legislation, including the bill’s increase to the federal debt limit, new spending limits and work requirements for federal programs. To view the NAHMAnalysis: The Fiscal Responsibility Act of 2023, click here.

Final NSPIRE Standards File Now Available

HUD published the final Inspection Standards for NSPIRE, the National Standards for the Physical Inspection of Real Estate, yesterday in the Federal Register. Now that the Notice is out and in response to your requests, an initial machine-readable file of the new standards is now accessible here. As additional versions are released, we will be updating and sharing them so […]

Slides from Todays NAHMA Member Call; RD Update; Next Months Member Call Invitation

Please find attached and below: PDF of the slides from Wednesday, June 21, 2023, member call RD Update on Standardized Appraisal Assignment Guidance for Multifamily Housing Programs Invitation to next month’s NAHMA Member Policy Committees Forum on Wednesday, July 19, 2023 June 2023 NAHMA Member Policy Committee Forum This email is a friendly reminder that we will have our Policy […]

NSPIRE Inspection Standards Final

HUD has issued an NSPIRE Final Notice (also attached) detailing inspectable items at HUD-assisted and Multifamily-insured properties. This includes a classification of which conditions are considered life-threatening, severe, moderate or low risk, by item and inspectable area. Additionally, the Notice commits HUD to review standards at least every three years. To vie the NSPIRE Final Notice, click here. To view the NSPIRE Final […]