On Feb. 9, 2015, a Notice of the Revised Contract Rent Annual Adjustment Factors (AAFs) for 2015 was published. AAFs established by this notice are used to adjust contract rents for units assisted in certain Section 8 housing assistance payment programs during the initial (that is, pre-renewal)...
On March 6, 2015, HUD released the FY 2015 income limits and FY 2015 median family income estimates. These income limits are used to determine income eligibility for HUD’s assisted housing programs, including public housing, Section 8, Section 202, and Section 811. Participating owners...
HUD recently announced that it had reached a Conciliation Agreement with the city of Berlin, N.H. The agreement settles allegations that the municipality violated the Fair Housing Act when it enacted an ordinance requiring owners to evict tenants cited three or more times for “disorderly...
HUD Secretary Julían Castro announced in a Feb. 27 letter to HUD employees that he was appointing Lourdes Castro Ramírez to be Principal Deputy Assistant Secretary of Public and Indian Housing (PIH).
Six new multifamily housing authorities and owners recently joined President Obama’s Better Buildings Challenge (BBC). In 2013, the Department of Energy (DOE) and HUD partnered to expand the Better Buildings Challenge to the multifamily sector. This expansion is part of the president...
On Feb. 2, the White House issued its proposed fiscal year (FY) 2016 budget, a wish list of the administration’s funding priorities that will face some obstacles in the new Republican-controlled Congress. Within that massive budget is the funding President Obama seeks for HUD.
In late 2014, Federal Housing Finance Agency (FHFA) Director Melvin L. Watt instructed Fannie Mae and Freddie Mac to begin setting aside and allocating funds for the Housing Trust Fund (HTF) and the Capital Magnet Fund. The Housing & Economic Recovery Act of 2008 mandated that HUD administer...
On Feb. 3, HUD released the Executive Summary of Worst Case Housing Needs: 2015 Report to Congress. Worst-case needs are defined as renters with very low incomes—below 50 percent of the Area Median Income (AMI)—who do not receive government housing assistance and who pay more than...
HUD recently released an update on the progress of its Rental Assistance Demonstration (RAD) program. This program allows public housing agencies (PHAs) and owners of assisted sites to convert units to project-based Section 8 programs, providing an opportunity to invest billions into properties...
On Dec. 23, HUD issued a notice clarifying whether developments in the Rental Assistance Development program’s second component need to pay prevailing-wage rates to laborers.
On Dec. 16, President Obama signed into law a funding measure that combines a three-month continuing resolution (CR) for the Department of Homeland Security and a long-term omnibus spending bill that includes 11 appropriations bills for the remaining government agencies through the end of fiscal...
On Dec. 23, HUD issued a summary of the significant strides HUD has made on critical Obama administration priorities. Here’s a list of the priority issues related to multifamily housing that HUD has highlighted as having made notable progress in 2014:
