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Community Development and Housing News: August 16, 2021

Posted by NMA on Aug 16, 2021 4:45:00 AM

HUD announces a Fair Housing collaboration with the Federal Housing Finance Agency (FHFA), publishes FY22 Fair Market Rents (FMRs), and joins the Department of the Treasury in releasing coronavirus and ERAP updates and resources.

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HUD and FHFA Announce Collaboration to Advance Fair Housing and Fair Lending Enforcement

On Thursday, HUD and the Federal Housing Finance Agency entered into a collaborative agreement to enhance the enforcement of the Fair Housing Act, as well as oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. Read article

 

HUD Publishes FY22 Fair Market Rents (FMRs)

HUD has published FY22 FMRs based on the most recent American Community Survey data, trended through 2022. PHAs and other interested parties my comment on the FMRs and request a re-evaluation through Thursday, September 30, 2021. Read article

 

HUD Multifamily Office Posts Update to Coronavirus Questions and Answers

The Office of Multifamily Housing Programs issued its 11th update to “Questions and Answers for Office of Multifamily Housing Stakeholders: Coronavirus Disease 2019 (COVID-19), primarily updating dates from the previous Q&A. Eight new Q&As address the Emergency Rental Assistance program. NLIHC highlights two updated and one new Q&A. Read article

 

HUD PIH Notice Implements American Rescue Plan Voucher Renewal Adjustments

PIH Notice 2021-23 implements funding adjustments to calendar year 2021 Housing Assistance Payment renewal funding allocations for the HCV and Mainstream Voucher programs, reflecting the $200 million provided by the American Rescue Plan Act of 2021 for adjustments for PHAs that experience a significant increase in voucher per-unit cost or face other funding issues that could result in the termination of rental assistance for families. Read article

 

Treasury Releases Resources to Help State and Local Governments Speed ERA Distribution and Prevent Evictions

The U.S. Department of the Treasury has reiterated its call for state and local governments to speed the distribution of emergency rental assistance by removing unnecessary and burdensome documentation requirements, and has published new examples of simplified eligibility forms and an eviction-diversion “maturity model.” Read article

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Topics: Fair Housing, FMR, Industry News, Emergency Rental Assistance

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