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HUD recently published in the Federal Register a final rule regarding the use of Small Area Fair Market Rents (SAFMR) in certain metropolitan areas, and replacing HUD’s existing 50th percentile fair market rent (FMR) policy for the Housing Choice Voucher program. The rule also provides regulatory implementation guidance related to certain provisions of the Housing Opportunity Through Modernization Act (HOTMA) pertaining to all FMRs.
HUD recently released a proposed rule that would amend HUD’s regulations governing its Housing Choice Voucher (HCV) program to revise its “enhanced vouchers” policy. The program allows private owners to rent apartments and homes at or below fair market prices to qualified low-income tenants, with a rental subsidy administered by the local housing authority.
HUD recently issued Notice H 2016-16, which implements provisions enacted by Congress in December 2015 that allow owners of sites assisted under the “Low Income Housing Preservation and Resident Homeownership Act of 1990” (LIHPRHA) to access residual receipts and eliminate limitations on distributions.
HUD recently released draft revisions of five chapters of Handbook 4350.1, Multifamily Asset Management and Project Servicing. While Handbook 4350.1 is primarily for HUD Multifamily field staff who monitor owners and managing agents so that HUD-assisted sites are maintained in good physical and financial condition, the Handbook can be a useful reference for owners as well. The five draft chapters address physical conditions, budget-based rent adjustments, civil rights e...
HUD recently published in the Federal Register the initial implementation guidance for the Housing Opportunity through Modernization Act (HOTMA). HOTMA, which President Obama signed into law in July, makes several modifications to housing assistance programs. The programs included in HOTMA include public housing, Housing Choice Vouchers, moderate rehabilitation, HOME investment partnership, Housing Opportunities for Persons With AIDS, and other programs.
HUD recently announced that it is charging the Trumbull Metropolitan Housing Authority in Warren, Ohio, with violating the Fair Housing Act by denying the reasonable accommodation requests of a family that includes a father and daughter with severe disabilities. The Fair Housing Act prohibits housing providers from denying or limiting housing to persons with disabilities, or from refusing to make reasonable accommodations in policies or practices for people with disabil...
HUD recently published a notice that establishes operating cost adjustment factors (OCAFs) for Section 8 project-based rental assistance contracts with an anniversary date on or after Feb. 11, 2017. OCAFs are annual factors used primarily to adjust the rents for contracts renewed under Section 515 or Section 524 of Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA).
On Sept. 29, 2016, President Obama signed into law H.R.5325 – Continuing Appropriations and Military Construction, Veterans Affairs, and Related Agencies Appropriations Act, 2017, and Zika Response and Preparedness Act. This legislation, referred to as the short-term Continuing Resolution (CR) for Fiscal Year (FY) 2017, will keep the government agencies and programs funded through Dec. 9. The resolution will require lawmakers to return to Washington after the Nove...
HUD’s Office of the Inspector General (OIG) recently reported that PHAs participating in the Moving to Work (MTW) demonstration have significantly higher costs for legal services than PHAs that are not part of the demonstration. The OIG also asserts that HUD didn’t provide adequate oversight of the MTW agencies to ensure that their legal costs were reasonable and necessary.
HUD’s Office of Multifamily Housing Programs recently issued Notice H2016-10 that reminds owners and management agents of HUD-assisted sites that they must maintain lead-based paint risk assessment and inspection records and lead disclosure forms as required by HUD’s Lead-Based Paint Poisoning Prevention regulations at 24 CFR Part 35.
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