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On Feb. 9, 2015, a Notice of the Revised Contract Rent Annual Adjustment Factors (AAFs) for 2015 was published. AAFs established by this notice are used to adjust contract rents for units assisted in certain Section 8 housing assistance payment programs during the initial (that is, pre-renewal) term of the HAP contract and for all units in the Project-Based Certificate program. There are three categories of Section 8 programs that use the AAFs:
On March 6, 2015, HUD released the FY 2015 income limits and FY 2015 median family income estimates. These income limits are used to determine income eligibility for HUD’s assisted housing programs, including public housing, Section 8, Section 202, and Section 811. Participating owners must use these limits when processing move-ins and initial certifications (when applicable) effective March 6, 2015, or later. The newly issued income limits and further information...
HUD recently announced that it had reached a Conciliation Agreement with the city of Berlin, N.H. The agreement settles allegations that the municipality violated the Fair Housing Act when it enacted an ordinance requiring owners to evict tenants cited three or more times for “disorderly action,” including domestic violence incidents. The Fair Housing Act makes it unlawful to evict an individual because of race, color, national origin, religion, sex, disabil...
HUD Secretary Julían Castro announced in a Feb. 27 letter to HUD employees that he was appointing Lourdes Castro Ramírez to be Principal Deputy Assistant Secretary of Public and Indian Housing (PIH).
Six new multifamily housing authorities and owners recently joined President Obama’s Better Buildings Challenge (BBC). In 2013, the Department of Energy (DOE) and HUD partnered to expand the Better Buildings Challenge to the multifamily sector. This expansion is part of the president’s Climate Action Plan, announced on June 25, 2013, which recognizes the role that increased efficiency can play in reducing energy use and carbon pollution from this sector.
On Feb. 2, the White House issued its proposed fiscal year (FY) 2016 budget, a wish list of the administration’s funding priorities that will face some obstacles in the new Republican-controlled Congress. Within that massive budget is the funding President Obama seeks for HUD.
In late 2014, Federal Housing Finance Agency (FHFA) Director Melvin L. Watt instructed Fannie Mae and Freddie Mac to begin setting aside and allocating funds for the Housing Trust Fund (HTF) and the Capital Magnet Fund. The Housing & Economic Recovery Act of 2008 mandated that HUD administer the HTF. Fannie Mae and Freddie Mac began setting aside payments on Jan. 1, 2015.
On Feb. 3, HUD released the Executive Summary of Worst Case Housing Needs: 2015 Report to Congress. Worst-case needs are defined as renters with very low incomes—below 50 percent of the Area Median Income (AMI)—who do not receive government housing assistance and who pay more than one-half of their income for rent, live in severely inadequate conditions, or both.
In 1991, Congress directed HUD to periodically report on the worst-case needs for affordab...
HUD recently released an update on the progress of its Rental Assistance Demonstration (RAD) program. This program allows public housing agencies (PHAs) and owners of assisted sites to convert units to project-based Section 8 programs, providing an opportunity to invest billions into properties at risk of being lost from the nation’s affordable housing inventory.
On Dec. 23, HUD issued a notice clarifying whether developments in the Rental Assistance Development program’s second component need to pay prevailing-wage rates to laborers.
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