In 2012, HUD embarked upon a new program to address the capital needs of severely distressed public housing. HUD recently released the results of an evaluation of the Department’s Rental Assistance Demonstration (RAD). The report found significant evidence that RAD is stimulating billions...
HUD has published the fiscal year 2020 (FY20) Fair Market Rents (FMRs), which are now released only on huduser.gov. The FMRs are effective Oct. 1. In general, the FMR for an area is the amount that would be needed to pay the gross rent (shelter rent plus utilities) of privately owned, decent,...
The budget agreement signed into law on Aug. 2 by President Trump raised defense and nondefense discretionary spending caps for fiscal years 2020 and 2021. The deal allows for, but doesn’t accomplish on its own, enactment of this year's FY20 appropriations bills. Before the new...
In an effort to preserve and improve critically needed affordable housing for low-income seniors, HUD recently announced a significant expansion of its Rental Assistance Demonstration (RAD) to facilitate capital investment in senior housing developments assisted through HUD's Section 202...
HUD is seeking assisted housing owners and management agents interested in receiving technical assistance (TA) to support their establishment of a Family Self-Sufficiency (FSS) program in one or more of the properties they own or manage. The TA will help owners/agents get ready to successfully...
HUD’s Real Estate Assessment Center (REAC) has expanded the number of inspection items open for feedback from five items to 65 items before REAC fully implements HUD’s National Standards for the Physical Inspection of Real Estate (NSPIRE) model demonstration. This is part of HUD...
HUD recently announced a new Foster Youth to Independence (FYI) Initiative that will offer housing vouchers to local public housing authorities to prevent or end homelessness among young adults under the age of 25 who are leaving, or have recently left, the foster care system without a home to...
The Office of Information and Regulatory Affairs (OIRA) at the Office of Management and Budget (OMB) recently cleared HUD’s proposed changes to the disparate impact regulations. The update to HUD’s 2013 disparate impact rule would require plaintiffs to meet a five-step threshold to...
President Trump recently signed a budget deal that increases federal spending and lifts the nation’s borrowing limit. The new law suspends the debt ceiling through July 2021, removing the threat of a default during the 2020 elections, and raises domestic and military spending by more than...
The Senate recently confirmed Hunter Kurtz to be HUD Assistant Secretary for Public and Indian Housing (PIH) and Seth Appleton to be HUD Assistant Secretary for Policy Development and Research (PD&R). Prior to the Senate confirmations, neither PIH nor PD&R had assistant secretaries...
President Trump recently signed an Executive Order to establish the White House Council on Eliminating Barriers to Affordable Housing Development. The council is headed by HUD Secretary Ben Carson and consists of members across eight federal agencies. They will engage with state, local, and...
Harvard University’s Joint Center for Housing Studies (JCHS) recently released its annual report, “The State of the Nation’s Housing 2019.” The report examines the state of the housing market in 2018, finding that, while the housing market improved in many respects over...