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Archive April 2022

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NAHMA Update: FHFA Issues Duty to Serve 2022-2024 Underserved Markets Plans

The Federal Housing Finance Agency (FHFA) today published Non-Objections to the Duty to Serve 2022-2024 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (Enterprises).  The Plans detail the Enterprises' activities to serve the manufactured housing, rural housing, and affordable housing preservation markets over a three-year period. >> Read All of NAHMA Update: FHFA Issues Duty to Serve 2022-2024 Underserved Markets Plans

NAHMA HUD Update: Redline of Proposed Revisions to Chapter 9 of the Section 8 Renewal Policy Guidebook

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 see the memorandums from Deputy Assistant Secretary Ethan Handelman explaining the policy changes and a response worksheet to submit feedback.
 
> The Redline of Proposed Revisions to Chapter 9, Section 8 Renewal Policy Guidebook can be found here.
> The Proposed Revisions to Chapter 9, Section 8 Renewal Policy Guidebook can be found here.

New Civil Rights Guidance on Marketing and Application Requirements for Subsidized Multifamily Properties

The U.S. Department of Housing and Urban Development (HUD) Office of Fair Housing and Equal Opportunity (FHEO) today released new guidance to reinforce requirements that HUD-subsidized multifamily housing’s marketing and application processes be designed to be inclusive of persons of all races and national origins. >> Read All of HUD News: New Civil Rights Guidance on Marketing and Application Requirements for Subsidized Multifamily Properties

NAHMA LIHTC Update: Public Comment Request on 2022-2023 Priority Guidance Plan Recommendations

The Treasury Department’s Office of Tax Policy and the IRS use the Priority Guidance Plan each year to identify and prioritize tax issues to be addressed through administrative guidance.  The 2022-2023 Priority Guidance Plan will identify guidance projects that Treasury and IRS intend to work on during the period from July 1st, 2022, to June 30th, 2023. >> Read All of NAHMA LIHTC Update: Public Comment Request on 2022-2023 Priority Guidance Plan Recommendations

On Earth Day, USDA Invests Over $106.3 Million in Critical Infrastructure to Combat Climate Change Across Rural South Carolina

  • By: admin
  • On: 04/25/2022 08:33:46
  • In: RD
in honor of Earth Day 2022, Agriculture Secretary Tom Vilsack announced that the U.S. Department of Agriculture (USDA) is investing nearly $800 million in climate-smart infrastructure in 40 states, Puerto Rico, and the Northern Mariana Islands. >> Read All of On Earth Day, USDA Invests Over $106.3 Million in Critical Infrastructure to Combat Climate Change Across Rural South Carolina

Multifamily Housing Announcing Third Round of New Construction Funding for Off-Farm Labor Housing Loans and Grants/ Notice of Solicitation of Applications and Workshop

  • By: admin
  • On: 04/21/2022 13:40:24
  • In: RD
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. >> Read All of Announcing Third Round of New Construction Funding for Off-Farm Labor Housing Loans and Grants

Chapter 9 Section 8 Renewal Policy Guidebook Drafting Table Open

In an effort to ensure that HAP contracts are aligned with market rents and to streamline transactions where a HAP renewal is required, we are proposing a set of revisions to our Rent Comparability Study guidance. >> Read All of Chapter 9 Section 8 Renewal Policy Guidebook Drafting Table Open

Multifamily Housing Policy Drafting Table for The Section 8 Renewal Policy Guidebook, Chapter 9: Rent Comparability Studies

The studies that are created pursuant to this chapter are used to establish comparable market rents for some HAP contracts.  

NAHMA HUD Update: 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. >> Read All of NAHMA HUD Update - New Resources for DCTA Recipients and Smaller Distressed Communities   

FY 2022 HUD Income Limits

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 for persons with disabilities programs. HUD also released the FY 2022 Multifamily Tax Subsidy Project (MTSP) Income Limits, which are used to determine eligibility for low-income housing tax credits and tax-exempt bond properties.
Visit the FY 2022 Income Limits homepage on HUD User to access the query tool, data, and documentation.
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