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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), and Elizabeth Warren (D-MA). Representatives Stacey Plaskett (D-VI), Nydia M. Velázquez (D-NY), and Darren Soto (D-FL) will introduce a companion bill in the House.
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 guide GED training programs.
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 Affordability Act of 1997 (MAHRA), as amended, for projects assisted with Section 8 Housing Assistance Payments.
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 evacuees in Florida are struggling to find an affordable place to live. According to him, the legislation will “help make more affordable housing in the communities that need...
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 https://www.huduser.gov/portal/datasets/aaf.html.
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—safeguarding long-term rental assistance for current and future generations; improving and modernizing sites; and stabilizing sites with solid financial footing. And it defines “r...
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 lead poisoning.
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 the economic recovery period beginning in 2012.
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) following Hurricanes Harvey, Irma, and Maria.
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