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Community Development and Housing News: September 27, 2022

Posted by NMA on Sep 27, 2022 8:15:00 AM

HUD awards landmark number of housing choice vouchers, posts guidance on LIHTC site control, and updates its Disaster Readiness, Response, and Recovery Guidebook for PHAs; Michigan releases its first-ever statewide housing plan.

Recent News

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HUD Awards More than 19,000 New Housing Choice Vouchers

In the most expansive allocation of flexible rental assistance in 20 years, HUD announced on Friday the awarding of $214,519,250 in housing choice vouchers. Funding will go to 1,945 public housing authorities, covering nearly every community in the country, some of which will receive their first allocation of new vouchers in decades. Read article

 

HUD Posts Guidance on Ground Leases and Purchase Options to Establish LIHTC Site Control

HUD has added to its Repositioning FAQs and Handouts page a document providing guidance on when a ground lease should not be executed, as it could trigger violations of a contract with HUD or possible environmental concerns. Read article

 

HUD Releases Updated Public Housing Agency Disaster Readiness, Response, and Recovery Guidebook

In recognition of National Preparedness Month, HUD has updated its PHA Disaster Readiness, Response, and Recovery Guidebook to assist PHAs in effectively navigating the disaster process. The update directly supports HUD’s Climate Action Plan, released last year. Read article

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Topics: LIHTC, Industry News, Disaster Recovery, Housing Choice Voucher

Community Development and Housing News: July 29, 2022

Posted by NMA on Aug 1, 2022 8:45:00 AM

HUD issues a Family Self-Sufficiency accounting brief and provides vouchers for people with disabilities and foster youth; the US Senate Committee on Finance discusses LIHTC; and Rhode Island dedicates a substantial percentage of ARPA funds to affordable housing and homeless assistance.

Recent News

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PIH-REAC Issues Accounting Brief on FSS Program Financial Reporting

The PIH Real Estate Assessment Center has issued Accounting Brief #26, which provides information on properly reporting Family Self-Sufficiency program transactions in your PHA’s Financial Assessment Subsystem submission, including FSS Program Coordinator Grant Reporting; FSS Program Coordinator Grant Expense reporting; and FSS escrow activity reporting, including new reporting requirements and eligible uses of FSS escrow forfeitures, but not including the calculation of the FSS escrow. Read brief

 

Recap of Senate Finance Committee Hearing on the Role of Tax Incentives in Affordable Housing

NLIHC recaps a recent hearing held by the US Senate Committee on Finance, “The Role of Tax Incentives in Affordable Housing.” Senators discussed the impact of LIHTC, the affordable housing shortage, funding from ARPA, and the proposed “Eviction Crisis Act." Read article

 

Rhode Island Dedicates 23% of ARPA Funds to Affordable Housing and Homeless Assistance, Passes 10 Bills to Address Housing Crisis

Rhode Island’s 2023 budget allots $221 million to affordable housing and homeless prevention, building on an allocation of $29 million approved in January. NLIHC reports on budget details and the advocacy by Homes RI and Housing Network of Rhode Island that led to the investment in housing. Read article

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Topics: Foster Children, FSS, LIHTC, Industry News

Common Tax Credit Compliance Questions and Answers Webinar

Posted by NMA on Apr 27, 2020 7:45:00 AM

HTVN webinar-01


NMA's trainer and consultant, Heather Wiedenfeld is teaming up with HAI Group to bring you our Common Tax Credit Compliance Questions and Answers Webinar to help you prepare for taking NMA’s online
Fundamentals of Low-Income Housing Tax Credit (LIHTC) Management course, offered by our our partners’ online training division.

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Topics: LIHTC, Knowledge Base

The PIH Alert: a daily summary with the latest news on affordable housing

Posted by NMA on Jul 18, 2019 7:24:00 AM

PIH Alert Screenshot

We know time is valuable, and we will save you tons! NMA’s PIH Alert, one of our most helpful services for the affordable housing industry, allows public housing agencies (PHAs) and housing professionals to stay current with HUD’s new regulations, notices, and guidance—without having to worry about finding it yourself.

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Topics: Fair Housing, LIHTC, Industry News, Multifamily, Housing Choice Voucher

Community development and housing news: June 13, 2019

Posted by NMA on Jun 13, 2019 11:12:57 AM

Community development and housing news for June 13, 2019

President Trump signs package to deliver disaster relief funds, the Affordable Housing Credit Improvement Act of 2019 bill is proposed, Cities of Service Awards $150,000 to six cities for New Experience Matters Program, and other stories we're following this week.

Breaking newsBuildings with Puerto Rico flag hanging

President Donald Trump signed a package on June 6 that would deliver $19.1 billion in disaster relief.

The bill includes $600 million in nutrition assistance for Puerto Rico, $3 billion for farmers to help cover crop losses, $1.6 billion to help repair damaged highways, $720 million for the U.S. Forest Service to help cover wildfire suppression efforts, and $120 million to help the National Park Service repair damaged public lands. Read more

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Topics: Fair Housing, LIHTC, Persons With Disabilities, Disaster Recovery

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