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Archive May 2022

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

The two guidance pieces clarify how certain marketing, rental application processing, and waitlist management practices can perpetuate segregation or otherwise discriminate in violation of Title VI of the Civil Rights Act.
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HOME and HTF Income and Rent Limits Effective June 15, 2022

The FY 2022 Income Limits for the following programs are published and effective June 15, 2022

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Hosting the USDA Summer Food Service Program

  • By: admin
  • On: 05/20/2022 13:57:22
  • In: RD
The USDA Food and Nutrition Services Summer Food Service Program serves free, healthy meals to eligible low-income children and teens during the summer months when they're not in school.

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NAHMA USDA Update: 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.

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Deadline for Comments Extended for Section 8 Renewal Policy Guidebook Chapter 9

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. >> Read All of the Deadline for Comments Extended for Section 8 Renewal Policy Guidebook Chapter 9

New HOME Program Monthly Reports Available

HUD's programs and related topics support HUD's priorities across a range of policy areas including Affordable Housing Development and Preservation, Community and Economic Development, Environment and Energy, Fair Housing, Homelessness, Homeownership, Rental Assistance, and Supportive Housing and Services.

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President Biden Announces New Actions to Ease the Burden of Housing Costs

  • By: admin
  • On: 05/17/2022 16:57:40
  • In: RD
President Biden said last week, that tackling inflation is his top economic priority. Today, President Biden is releasing a Housing Supply Action Plan to ease the burden of housing costs over time, by boosting the supply of quality housing in every community. His plan includes legislative and administrative actions that will help close America’s housing supply shortfall in 5 years, starting with the creation and preservation of hundreds of thousands of affordable housing units in the next three years. When aligned with other policies to reduce housing costs and ensure affordability, such as rental assistance and downpayment assistance, closing the gap will mean more affordable rents and more attainable homeownership for Americans in every community. This is the most comprehensive all of the government efforts to close the housing supply shortfall in history.
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NAHMA LIHTC Update: Rates for June 2022

?Today, the Internal Revenue Service (IRS) 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 June 2022.

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

The Biden Administration 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 of affordable housing units in the next three years. If aligned with other Administration policies to lower housing costs and ensure affordability, such as rental assistance and down-payment assistance, reducing the housing shortfall will ultimately lead to more affordable rents and more attainable homeownership

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Invitation to our 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.
>> Read All of the Invitation to our Section 8 Renewal Policy Guidebook Chapter 9 Listening Session
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