NAHMA HUD Update: Tenant Protection Voucher Funding; Housing Trust Fund Allocations; and LIHTC Tenant Data Report
Below, please find three updates pertaining to: Tenant Protection Vouchers for the Housing Choice Voucher (HCV) program; Housing Trust Fund Allocation corrections for FY16; and HUD's annual Housing Credit tenant data report.
- Announcement of Tenant Protection Voucher Funding Awards for Fiscal Year 2016 for the HCV Program
- to assist families living in HUD owned properties that are being sold;
- to assist families affected by the expiration or termination of their Project-based Section 8 and Moderate Rehabilitation contracts;
- to assist families in properties where the owner has prepaid the HUD mortgage;
- to assist families in projects where the Rental Supplement and Rental Assistance Payments contracts are expiring (RAD – Second Component);
- to provide relocation housing assistance in connection with the demolition of public housing;
- to provide replacement housing assistance for single room occupancy (SRO) units that fail housing quality standards (HQS);
- to assist families in public housing developments that are scheduled for demolition in connection with a HUD-approved HOPE VI revitalization or demolition grant; and
- to assist families consistent with “Funding Availability for Tenant-Protection Vouchers for Certain At-Risk Households in Low-Vacancy Areas – Fiscal Year 2016” and “Funding Availability for Tenant-Protection Vouchers for Certain At-Risk Households in Low-Vacancy Areas – Fiscal Year 2015.”
- Housing Trust Fund (HTF) Federal Register Allocation NoticeAfter announcing HTF formula allocations for Fiscal Year 2016 in the Federal Register on May 5, 2016, HUD discovered an error in its calculations for American Samoa, Guam, the Commonwealth of Northern Mariana Islands, and the United States Virgin Islands. A formula calculation error inflated the allocations for Insular Areas at the expense of certain states for which allocations were reduced to ensure that other states reached the $3,000,000 minimum.
- America Samoa, −$9,567;
- Guam −$55,330;
- Northern Marianas, −$23,470; and
- Virgin Islands, −$32,546.
- Understanding Whom the LIHTC Program Serves: Data on Tenants in LIHTC Units as of December 31, 2014This week, HUD published its annual economic and demographic data report of Housing Credit tenants, as mandated by Congress. According to the report, data was provided on households in 70% of LIHTC properties as of 2014.
- Median Annual Income of LIHTC tenant households: $17,152
- Extremely Low-Income (earning 30% or less than AMI): 47% of tenants
- Very Low-Income (earning between 30 and 50% of AMI): 34% of tenants
- Households paying 30% or less of their income on rent: 56% of households
- Households paying 50% or more of their income on rent: 9.5% of households
- Tenants reported receiving rental assistance: 38% of tenants
- Tenants identifying as white: 23% of tenants
- Tenants identifying as black or African American: 23% of tenants
- Tenants identifying as Hispanic: 9% of tenants
- Tenants identifying as Asian: 2% of tenants
- Tenants identifying as American Indian, Alaska Native, Native Hawaiian, or other Pacific Islander: 1% of tenants
- Tenants not reporting race or ethnicity: 40% of tenants
Juliana Bilowich, Government Affairs Coordinator
National Affordable Housing Management Association
400 N. Columbus St., Suite 203, Alexandria, VA 22314
Phone 703-683-8630, ext.116 Email firstname.lastname@example.org, Website www.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.