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Archive December 2020

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NAHMA HUD Update: HUD Issues final rule on Section 542(c) HFA Risk Sharing Program

This final rule amends the program's existing regulations, to better align with the policies of other HUD programs, reflect current industry and HUD practices, and conform to statutory amendments.

RHIIP Listserv Posting #454 - Enterprise Income Verification (EIV) System – Old or Missing Data Issue Corrected

This message is to provide notice that the EIV system’s complications identified in RHIIP Listserv #450, posted November 20, 2020, are corrected. 

MFH Announcements

The Section 542(c) Housing Finance Agency Risk Sharing Program final rule published in the Federal Register today, and it is effective January 21, 2021.

NAHMAnalysis - Two Reports Examine FY21 Appropriations Omnibus, the COVID-19 Relief Bill and Key Affordable Housing Legislation in the 116th Congress

In late December, Congress passed a year-end legislation package that combined a $900 billion COVID-19 relief bill, $1.4 trillion omnibus fiscal year 2021 (FY21) funding bill, and tax provisions.

NAHMA USDA Update: Guaranteed Rural Rental Housing Change in Initial Guarantee Fee and Annual Guarantee Fee

USDA’s Office of Rural Development recently published a Final Rule, Guaranteed Rural Rental Housing Change in Initial Guarantee Fee and Annual Guarantee Fee.

NAHMA HUD Update: HUD Publishes FY 2021 Section 8 Annual Adjustment Factors for Housing Assistance Payment Program

Today, HUD’s Office of the Assistant Secretary for Policy Development and Research published the Annual Adjust Factors for Section 8 Housing Assistance Payments Program for Fiscal Year 2021, for the adjustment of contract rents on the anniversary of those assistance contracts.

NAHMA USDA Update: Guidance Issued for Section 515/Section 514 Multi-Family Housing Tenant Eligibility Documentation Retention

USDA’s Rural Housing Service recently issued an Unnumbered Letter, Section 515 and Section 514 Multi-Family Housing Property Tenant Eligibility Documentation Retention Policies and Best Practices for Owners and Management.

NAHMA LIHTC Update: Low-Income Housing Tax Credit Rates for January 2021

Today, the Internal Revenue Service (IRS) issued Revenue Ruling 2021-1, 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 2021.

RADBlast! 2020 RAD Rents Now Available and Spotlight on The Housing Authority of the City of Austin

HUD has just posted the 2020 RAD Contract Rents, which are used to determine the initial contract rents in the Section 8 Housing Assistance Payment (HAP) contract for public housing properties converting under RAD.

Get NSPIREd – December 2020 Newsletter

Get NSPIREd Newsletter, December 2020 - Issue 08
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