HUD Secretary Ben Carson recently administered the oath of office to the following individuals recently confirmed by the U.S. Senate: J. Paul Compton, Jr. to become HUD’s General Counsel; Suzanne Israel Tufts to be Assistant Secretary for the Office of Administration; Leonard Wolfson as...
HUD announced a new webpage for the Section 8(bb) Preservation Tool, which allows for the transfer of Section 8 project-based rental assistance (PBRA) budget authority from one multifamily project (Project A) to another multifamily project (Project B).
Senator Bernie Sanders (I-VT), along with six cosponsors in the Senate, recently introduced the Puerto Rico and Virgin Islands Equitable Rebuild Act. It is co-sponsored by Senators Richard Blumenthal (D-CT), Cory Booker (D-NJ), Kirsten Gillibrand (D-NY), Kamala Harris (D-CA), Ed Markey (D-MA),...
HUD recently announced the launch of EnVision Centers, a new initiative designed to help HUD-assisted households achieve self-sufficiency. The centers will address the issue of long-term skills and training. And the mobile app will have job listings, and the centers will provide resources and...
HUD recently published operating cost adjustment factors (OCAFs) for project-based rental assistance Section 8 contracts with an anniversary date on or after Feb. 11, 2018. These factors are used for adjusting or establishing Section 8 rents under the Multifamily Assisted Housing Reform and...
Senator Bill Nelson (D-FL) recently introduced a bill to provide more affordable housing to victims of major disasters. The legislation comes after a series of hurricanes devastated different states and U.S. territories this year. In a statement, Senator Nelson noted that tens of thousands of...
HUD recently announced fiscal year 2018 Annual Adjustment Factors (AAFs) for adjustment of contract rents on the anniversary of those assistance contracts for months beginning after Nov. 8, 2017. The 2018 Annual Adjustment Factors can be found at...
HUD’s Office of Recapitalization recently published two documents designed to support the exploration and decision-making that you’ll undertake to preserve your site. HUD’s Office of Recapitalization defines “preservation” in terms of three major goals—...
Senators Richard Durbin (D-IL) along with Tim Scott (R-SC), Bob Menendez (D-NJ), Todd Young (R-IN), Joe Donnelly (D-IN), and Tammy Duckworth (D-IL) recently introduced the “Lead-Safe Housing for Kids Act of 2017” (S. 1854) to protect children living in federally assisted housing from...
A recent report by the NYU Furman Center entitled “2017 National Rental Housing Landscape: Renting in the Nation’s Largest Metros” examined rental housing trends from 2006 to 2015 in the 53 metropolitan areas with populations over one million in 2015, with a particular focus on...
HUD’s Office of Public and Indian Housing (PIH) recently published a notice in the Federal Register listing regulatory and administrative waivers it will consider if requested by public housing agencies (PHAs) in areas officially designated by the Major Disaster Declarations (MDD)...
HUD recently released its fair market rents (FMRs) for Fiscal Year 2018. An FMR is a gross rent estimate that includes the base rent, as well as any essential utilities that the tenant would be responsible for paying, such as gas or electric. It does not include nonessential utilities such as...
