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Archive November 2022

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HUD Seeks Public Comments on Implementing the VAWA Reauthorization Act

HUD has recently published a notice in the Federal Register (also attached) seeking comments on implementing the new rules and form revisions included in the recent VAWA Reauthorization Act (signed into law on March 15, 2022).

HOME and HTF Monthly Reports Posted

Please find below several updates from the HUD Exchange, including:
  • HOME Monthly Reports Available
  • Housing Trust Fund Monthly Reports Available

HUD Clears The Queue

Today we are pleased to announce that FHA’s Multifamily mortgage insurance programs insured 1,078 mortgages for multifamily properties in the fiscal year 2022, its second highest volume by dollar amount, at $21.1 billion of the unpaid principal balance, and slightly below its record fiscal year 2021 dollar volume. >> Read All of HUD Clears The Queue

NAHMA LIHTC Update: Rates for December 2022

Today, the Internal Revenue Service (IRS) issued Revenue Ruling 2022-22, 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 December 2022.

USDA Partners to Create Thriving, Livable Communities That Will Attract People and Jobs to Rural Areas and Tribal Nations

  • By: admin
  • On: 11/17/2022 13:05:06
  • In: RD
U.S. Department of Agriculture (USDA) Rural Development Under Secretary Xochitl Torres Small today announced that USDA is awarding $4 million in cooperative agreements to 17 organizations under the Rural Placemaking Innovation Challenge (RPIC). Placemaking is a collaborative planning and technical assistance process that helps leaders from rural communities create quality places where people will want to live, work, visit and learn. 
>> Read All of USDA Partners to Create Thriving, Livable Communities That Will Attract People and Jobs to Rural Areas and Tribal Nations

2023 Operating Cost Adjustment Factors (OCAFs) Published

Today, HUD published the attached Notice establishing the 2023 Operating Cost Adjustment Factors (OCAFs) for project-based assistance contracts issued under Section 8 of the United States Housing Act of 1937 and renewed under MAHRA for eligible multifamily housing projects having an anniversary date on or after February 11, 2023. HUD is also soliciting public input on two proposed technical changes to its OCAF calculation method.

NAHMAnalysis - Update to the Housing Supply Action Plan

The latest NAHMAnalysis providing an Update to the Housing Supply Action Plan is now available. This NAHMAnalysis examines the progress made towards implementing the Housing Supply Action Plan, a set of President Biden’s administrative and legislative priorities first announced in May.
>> Read All of NAHMAnalysis - Update to the Housing Supply Action Plan

RAD Section 811 and 202 Feedback; RAD Resident Fact Sheets Now Available in Spanish

The Rental Assistance Demonstration (RAD) is a tool developed by the U.S. Department of Housing and Urban Development (HUD) to address living conditions in public housing properties. RAD allows public housing authorities to “convert” public housing subsidy into a Section 8 subsidy that is tied to the property. >> RAD Section 811 and 202 Feedback; RAD Resident Fact Sheets Now Available in Spanish

New Data Shows 11% Decline in Veteran Homelessness Since 2020—the Biggest Drop in More Than 5 Years

The U.S Department of Housing and Urban Development (HUD), the U.S. Department of Veterans Affairs (VA), and the U.S. Interagency Council on Homelessness (USICH) announced preliminary results of the 2022 Point-in-Time Count showing an 11% decline in Veteran homelessness since early 2020, the last time a full count was conducted. This is the biggest drop in Veteran homelessness in more than five years.
>> Read All of New Data Shows 11% Decline in Veteran Homelessness Since 2020—the Biggest Drop in More Than 5 Years

HUD Seeks Feedback on Section 811 and Section 202 RAD Conversions

The Consolidated Appropriations Act of 2022 authorized the conversion of properties assisted under HUD's Multifamily Section 811 Assisted Housing Program for persons with disabilities through the Rental Assistance Demonstration (RAD). HUD is seeking industry feedback on potential changes to be made to Section IV of the current RAD Notice that would guide the conversion of these properties. 
>> Read All of HUD Seeks Feedback on Section 811 and Section 202 RAD Conversions
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