Book your hotel room now for The Housing Conference

The Housing Conference in San AntonioIf you plan to attend The Housing Conference this September in San Antonio, we recommend that you make your hotel reservations now. The room block sold out early last year, and you won’t want to miss out on our special group rate.

San Antonio Marriott Riverwalk
889 East Market Street
San Antonio, TX 78205
Phone: (877) 622-3056

Hotel rate: $175 per night
Book hotel by: 08/22/16

To receive the room block discount, visit https://resweb.passkey.com/go/NMA16 or call (877) 622-3056 and reference The Housing Conference presented by NMA and HAI Group.

Attendees will enjoy the charming location right on San Antonio’s famous Riverwalk, with exceptional dining options nearby, plus two very full days of training, insight, and discussion with colleagues and industry experts. Choose from three tracks of sessions spanning affordable housing management, compliance, best practices, and more.

Visit our website to register!

Senate passes HOTMA

Senate passes HOTMA

Last night the Senate voted to approve the Housing Opportunity through Modernization Act of 2016 (HOTMA). The bill, which was passed by the House of Representatives in February, is expected to be signed into law next week. The bill has received widespread support from industry groups and advocacy organizations.

The new law contains a number of changes to program rules for the public housing and housing choice voucher (HCV) programs, homeless and veteran programs, and the Housing Opportunities for Persons with AIDS (HOPWA) program.

Here is a brief synopsis of major HOTMA changes. Remember that HUD must complete the formal rulemaking process before changes take effect.

Revisions to the calculation of annual and adjusted income

  • After the initial year of assistance, prior-year income use is mandatory. Adjustments will be available to reflect current income
  • Exclusion of imputed asset income, unless net assets exceed $50,000
  • Increase in the allowance for elderly and disabled families from $400 to $525
  • Deduction for medical expenses which exceed 10 percent of annual income (changed from 3 percent)
    • Hardship exemptions required

Changes impacting the public housing and HCV programs

  • Requirement to provide a preference or priority for financial assistance to U.S. citizens or nationals before any alien who is otherwise eligible for assistance
  • Revisions to inspection requirements for the HCV program, including authorization for permitting families to occupy a unit prior to inspection (where the unit has been inspected within the past 24 months and no life-threatening deficiencies were found)
  • Imposition of an asset cap of $100,000
  • Optional termination of tenancy for public housing residents whose annual income exceeds 120 percent of fair market rent for two years
  • Changes to rules governing interim reexaminations
    • Interim decreases required only if rent will decrease by 10 percent or more
    • Interim increases required if rent will increase by 10 percent or more

Other HOTMA changes

  • Options to increase the allowable percentage of project-based vouchers (PBVs) and to extend PBV contract terms
  • Requirements for HUD to provide PHAs with
    • Data on local utility consumption for use in determining utility allowances
    • Guidelines for minimum heating requirements in public housing

Click here for a Congressional summary of HOTMA or here for the full text.

Got questions about HOTMA? Don’t miss Nan’s legislative update at the The Housing Conference this September, where she’ll discuss acts of Congress, regulation changes, and what’s ahead for 2017.

NMA’s seminar calendar for Q4 2016 is now available!

affordable housing trainingWe’re pleased to announce the release of NMA’s seminar calendar for the fourth quarter of 2016. You can view a list of the affordable housing training that Nan McKay and Associates is offering from now through December on this page at our website.

Start planning your autumn training now and save! If you register at least 45 days in advance for most seminars, you’ll receive a 10 percent discount. (The discount does not apply to seminars hosted by housing authorities or associations.)

Upcoming classes updated for the streamlining final rule include:

Having trouble finding the class you want? We can bring the seminar to you. Email sales@nanmckay.com for more information about our affordable onsite training options.

RAD Q&A session today at 3 p.m. eastern time

This week via “RADBlast!” HUD released new guidance on the closing process for units converted to the rental assistance demonstration (RAD) program. The guidance is a result of feedback HUD received earlier this year.

The first change involves effective dates for HAP contracts following completion of the closing process. Effective immediately, project owners may now select the effective date of the HAP contract as the first day of either of the two months following the completed closing. For example, if the project closes on October 20, 2017, the HAP contract can be effective on either November 1, 2017 or December 1, 2017. HUD expects that the change will allow PHAs and project owners to better prepare for funding in the initial year and also allow for more time and flexibility to complete administrative functions such as executing new tenant leases.

HUD also announced that it will host a live Q&A session to walk

through the revised tools and respond to PHA questions.

The presentation is scheduled for today, July 13, from

3 p.m. until 4 p.m. eastern time (noon until 1 p.m. Pacific).

In a second change, HUD announced that it is releasing two tools intended to provide guidance on how funding of the new contracts works in the initial year. Initial year funding instructions describe the calculation of funding during the period between the HAP contract effective date and the remainder of the calendar year, as well as instruction on how to access these funds. An initial year funding tool will allow PHAs and project owners to calculate the amount of revenue that will be available to the project in the initial year and ensures that all parties have an accurate understanding of these amounts. Neither of the new tools has been posted to the RAD website.

Got questions about RAD? Don’t miss our sessions on post-closing operational transition at the The Housing Conference this September. You can read the description for the RAD PBV session online here.

Affordable housing news 7/8/16

CBPP: Charting the impact of federal rental assistance

Harvard Joint Center for Housing Studies: Divergent trends in housing expenditures and incomes have produced a widening inequality gap

Hyperallergic: Art exhibition on homelessness and the housing crisis

NLIHC: HUD releases new guidance on reentry models for PHAs

Rooflines: Key issues in implementing the new AFFH rule

Slate: What an affordable housing moonshot would look like

Win an NMA Master Book of your choice!

Nan McKay TBT contest

Do you have an old NMA course book hanging around your office? Did you take a sweet selfie at our first housing conference in San Diego, or on the beach at last year’s conference in Miami? Share your photo with us for a chance to win an NMA Master Book of your choice!

NMA’s Master Book series is a complete program guide providing you with detailed explanations on how to apply the latest HUD rules and regulations for the public housing and housing choice voucher programs. These books clarify tough regulations and are an asset to anyone working in the affordable housing industry.

To enter, like our Facebook page and post your favorite NMA throwback photo in the comments of the following Facebook post: https://goo.gl/lQAJOn. The comment with the most likes will take home the prize! (If you’re an NMA employee, you can still enter! If your comment receives the most likes, you’ll win a $25 gift card.)

The contest is open until Friday, July 29 at 11:59 p.m. Pacific time, and we’ll announce a winner on Monday, August 1. For full contest rules, visit http://www.nanmckay.com/t-tbt-rules-and-regulations.aspx.

Happy #TBT (that’s throwback Thursday for the newbies), and we can’t wait to see all your great photos!

Managing Portability

NMA senior trainer Gail Gillispie will be presenting a session on portability at the 2015 NMA Housing Conference
NMA senior trainer Gail Gillispie will be presenting a session on portability at The Housing Conference in San Antonio

Gail Gillispie brings to her position as NMA senior trainer extensive knowledge of federally subsidized housing programs and two decades of experience in property management and development. Her knowledge and experience are complemented by a keen aptitude for analysis, an informed perspective on housing issues, a vivacious personality, and superb communication and presentation skills. Gail will be presenting the following session at The Housing Conference this September in San Antonio, Texas.

Regulatory Knowledge for Smart Management

Managing Portability
Presenter, Gail Gillispie

Portability is always a hot topic, and with the recent issuance of Notice PIH 2016-09, many PHAs have more questions than answers. We’ll cover the new notice in depth, including its changes related to last year’s streamlining portability final rule. This session will also focus on the responsibilities of both the initial and receiving PHAs and how to track key portability functions. To manage the portability process effectively, you must create systems and tools to monitor and track the status of portable families. We will be utilizing the HUD-52665 Family Portability Information form to outline the process and provide you with a tool to successfully track the status of portable families.

Gail and other industry experts are available for limited free one-hour Q&A sessions at The Housing Conference to registered participants. Don’t delay, signups are first-come, first-served! Register online or email sales@nanmckay.com for more information.