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NAHMA HUD Update: HUD Posts Stakeholder Call Recording on Updated Guidance for COVID-19 (includes tenant income)

A recently recorded stakeholder call from HUD's Office of Multifamily Housing on the updated Multifamily Q&A Guidance for Covid-19.

Please find below, a recently recorded stakeholder call from HUD's Office of Multifamily Housing on the updated Multifamily Q&A Guidance for Covid-19:
 
The Department has posted a recording of the Multifamily Housing stakeholder call held on Thursday, April 16th, which includes answers to many questions HUD has received about tenant income during the COVID-19 pandemic, specifically with regards to unemployment payments and the stimulus tax credit.  HUD has recently updated the Multifamily Q&A for COVID-19 with an answer on page 9: Household stimulus payments of up to $1,200 (which is technically an advance tax credit) and the temporary $600 per week federal enhancement to unemployment insurance provided by the CARES Act are not to be included in calculations of income.  However, HUD notes that regular payments of unemployment insurance (issued by the state) are treated as income, as is customary under program rules.
 
The recording can be found HERE.  The updated Multifamily Q&A for COVID-19 is attached and can be found HERE
These resources, and many others, are also posted to the NAHMA Coronavirus Resources webpage at https://www.nahma.org/coronavirus-information-and-resources/.
 
Recording Agenda:
0:00-0:25 –         Introduction by Bob Iber
0:25- 4:40 –        FHA Commissioner & Acting Deputy Secretary Brian Montgomery
4:40 – 10:50-      Toby Halliday with asset management updates
10:50-15:00-       Bob Iber addressing forbearance
15:00 – 21:50-    Pat Burke & Tom Bernaciak with production updates
21:50- 25:11-      Tom Davis with recapitalization updates
 

Michal Machnowski
Manager of Government Affairs
National Affordable Housing Management Association
400 N. Columbus St., Suite 203
Alexandria, VA 22314
703-683-8630 (ext. 116)
703-683-8634 (fax)
mmachnowski@nahma.org
NAHMA is the leading voice for affordable housing management, advocating on behalf of
multifamily property managers and owners whose mission is to provide quality affordable housing.

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