HUD updates flat rent submission requirements, establishes new HOME-ARP requirements, and more.
HUD Publishes Notice on Flat Rent Submission Requirements
Notice PIH 2021-27, “Updates to Flat Rent Submission Requirements,” supersedes and replaces the guidance provided in Notice PIH 2017-23, clarifies HUD’s interpretation of the statutory amendment related to flat rents, and updates flat rent exception and extension request requirements, including review criteria for Form HUD-5880. The notice also serves as supplemental guidance to the streamlining final rule published in March 2016. Read article
HOME-ARP Implementation Notice and Fact Sheets Now Available
In Notice CPD-21-10: Requirements for the Use of Funds in the HOME-American Rescue Plan Program, HUD establishes requirements for funds appropriated to provide homelessness assistance and supportive services under the American Rescue Plan Act of 2021. HUD has also issued a series of HOME-ARP Implementation Notice Fact Sheets to help communities across the country create affordable housing and services for people experiencing or at risk of homelessness. Read article
HUD Announces Availability of More than $180 Million in COVID-19 Supplemental Funding for Multifamily Property Owners Participating in Assisted Housing Programs
HUD has opened a new application period for owners of multifamily housing for low-income elderly, persons with disabilities, and Section 8 contracts to apply for funds to cover costs to prevent and respond to COVID-19. More than $180 million is available to support expenses for protecting residents and staff from the coronavirus. HUD has also provided certain flexibilities to facilitate more robust use of funds. Read article