Friday news roundup 7/11/14
Today in the Federal Register, HUD’s Office of Public and Indian Housing (PIH) published a proposed rule to revise the regulations on PHA consortia. Briefly, today's rule proposes:
- A change in the definition of public housing agency to include a PHA consortium
- A new category of consortia for the administration of the Section 8 HCV program, to be known as single-ACC (annual contributions contract) consortia
- That PHAs owning Section 8 projects would not be precluded from joining either single-ACC or multiple-ACC consortia
- That a consortium would be required to exist for five years before any withdrawal from, or dissolution of, the consortium would be allowed
- That the PHA plan for the consortium would establish a single set of policies for the consortium as a whole, and therefore consortium members would not need to submit individual PHA plans to HUD for the duration of their inclusion in the consortium
- That PHAs joining a single-ACC consortium adopt a new fiscal year end for the consortium, and that PHAs forming a multiple-ACC consortium all adopt the same fiscal year-end (FYE)
- That Moving to Work (MTW) agencies would not be eligible to join a consortium
The current regulations on PHA consortia and joint ventures are in 24 CFR Part 943. If you wish to submit comments on today’s proposed rule, you will find instructions following the “Addresses” heading in the preamble. Comments are due by September 9. In other news:
Harvard Joint Center for Housing Studies: Rental supply catching up with demand, but not for affordable units
Next City: Julián Castro should visit Baltimore on the way to his new HUD secretary desk
Rooflines: Why housing affordability should be important to everyone
Wall Street Journal: Senate confirms Donovan as next White House budget director