Continuing Remission of Excess PRAC Residual Receipts
Continuing Remission of Excess PRAC Residual Receipts On September 28, 2016, Congress enacted legislation that provides appropriations at a continuing rate of operations for the period October 1, 201 ...
Updated FAQ Published Regarding Transfer of Budget Authority Under Section 8 (bb)(1)
Updated FAQ Published Regarding Transfer of Budget Authority Under Section 8 (bb)(1) In an effort to preserve affordable housing nationwide, HUD now offers an alternative option to owners of Project- ...
HUD Passbook Savings Rate Will Remain at .06% for 2016
HUD Passbook Savings Rate Will Remain at .06% for 2016 On January 19, 2016, HUD issued Housing Notice 2016-01 “Passbook Savings Rate Effective February 1, 2016” to notify the industry that the passb ...
HUD Amends the Definition of Tuition
HUD Amends the Definition of Tuition On November 18, 2015, HUD published a joint notice under Notice PIH 2015-21: Amendment to the Definition of Tuition The Notice is effective immediately. In th ...
HUD Issues Housing Notice on HUD’s Equal Access Rule
HUD Issues Housing Notice on HUD’s Equal Access Rule Housing Notice H-2015-06, Program Eligibility in Multifamily Assisted and Insured Housing Programs in Accordance with HUD’s Equal Access Rule, was ...
HUD Issues a Revised RAD Notice
HUD Issues Notice PIH-2012-32 (HA), REV-2-Rental Assistance Demonstration-Final Implementation, Revision 2 On June 15, 2015, HUD issued a revised Notice that provides program instructions for the Ren ...
Federal Housing Administration Commissioner, Carol Galante, Announces Resignation
On August 11, 2014, Federal Housing Administration Commissioner Carol Galante announced her decision to resign from her post with the U.S. Department of Housing and Urban Development as the Assistant ...
Planned Cabinet Reshuffle Includes HUD
A May 18, 2014 New York Times article, San Antonio Mayor Julián Castro Is Said to Be HUD Pick in Cabinet Reshuffling, announced that President Obama plans to nominate San Antonio, Texas Mayor Julian C ...
Los Angeles Multifamily Asset Management
The Los Angeles, CA HUD office has had major staffing changes that have created unmanageable portfolio imbalances. To work out these issues, the Los Angeles Multifamily Asset Management staff will STO ...
Multifamily Update from DAS Ben Metcalf
On March 10, 2014, Ben Metcalf, Deputy Assistant Secretary for Multifamily Housing Programs, talked to NAHMA (National Affordable Housing Management Association) about his memorandum dated March 5, 20 ...