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RAD Conversions for MOD Rehab/MOD Rehab SRO Projects
Last week, the U.S. Department of Housing and Urban Development (HUD) issued a Notice of Proposed Rulemaking, seeking public comment on its proposal to amend existing regulations that govern admission to public housing and...more
The 2024 Federal Fiscal Year (FFY2024) begins on October 1, 2023, and as of the writing of this Alert, Congress has not passed and the President has not signed a bill to provide funding for FFY2024. As a result, federal...more
LOCKOUTS- Can I be locked out of my home for failing to pay rent during the COVID-19 pandemic? Maybe. Whether you can qualify for protection from eviction depends on your household income and your completion of a sworn...more
The CARES Act, signed into law on March 27, 2020, provides, relief from certain tax provisions enacted by the 2017 Tax Cuts and Jobs Act (TCJA) which may help real estate businesses weather the current economic storm....more
In theory, Section 8 vouchers should provide opportunities for low-income people, including many people with disabilities, to move into middle class neighborhoods. In practice, people with Section 8 vouchers are largely...more
Last week, HUD issued a new notice requesting letters of interest under its Moving to Work (MTW) program from PHAs with 1,001 or more total public housing and housing choice voucher (HCV) units. MTW participants are able to...more
Earlier last week HUD released a draft section for the next revision of the RAD Notice for review and comment. This draft section addresses the implementation of “RAD for PRAC”,...more
HUD’s Moving to Work (MTW) Office has been busy! Earlier this month, HUD published for public comment a revised Operations Notice that will govern an expanded MTW program. ...more
RAD Conversions for MOD Rehab/MOD Rehab SRO Projects Owners and managers of units subsidized through HUD's Moderate Rehabilitation (Mod Rehab) program, including Mod Rehab Single Room Occupancy (SRO) units, should be...more
Owners and managers of units subsidized through HUD's Moderate Rehabilitation (Mod Rehab) program, including Mod Rehab Single Room Occupancy (SRO) units, should be considering converting their existing Mod Rehab and Mod Rehab...more
As indicated earlier this week, HUD is seeking comments to inform revisions to its Affirmatively Furthering Fair Housing rule. We have been waiting for official publication of the advance notice of proposed rulemaking (ANPR)...more
The Rental Assistance Demonstration (“RAD”) is well known for the option to convert public housing subsidy to a long-term Section 8 Housing Assistance Payments contract (“HAP Contract”) — but RAD also allows owners to convert...more
July is right around the corner and we wanted to remind everyone of the HUD deadlines for closing RAD conversions by year end...more
HUD recently issued a set of answers to frequently asked questions to provide further guidance on a new method of disposing of public housing in conjunction with a RAD conversion (the “FAQ”). ...more
Please find below a memo issued last week by HUD’s Office of Recapitalization regarding the delayed submission of draft closing packages for RAD conversions. ...more
This week, the Trump administration released its proposed budget for the 2019 fiscal year. Overall, the budget proposes an $8.8 billion (18.3%) reduction in the HUD budget from the 2017 enacted level, a more drastic cut than...more
Our friends at NAHRO have alerted us that a new RAD notice will be issued tomorrow, August 23, 2017. The notice requires PHAs who already submitted a RAD letter of interest to preserve their spot on the wait list to submit a...more
The Senate Committee on Appropriations unanimously voted on July 27, 2017 to approve its FY2018 Transportation, Housing and Urban Development (THUD) bill. The bill eliminates the cap in the Rental Assistance Demonstration...more
Earlier in May, HUD received approval from the Office of Management and Budget of the final, revised form RAD documents. HUD had previously solicited two rounds of public comment as part of the Paperwork Reduction Act...more
HUD’s Office of Recapitalization recently released a memo to all CHAP awardees setting forth closing deadlines for CY 2017 RAD transactions. Awardees should be especially mindful of these intermediate...more
In an announcement on January 12th, the U.S. Department of Housing and Urban Development (HUD) published a significant third revision to the Rental Assistance Demonstration (RAD) Notice (PIH 2012-32/ H 2017-03 Rev-3)....more
Over the past month, HUD has published a number of administrative notices that cover a variety of matters for housing providers, particular for PHAs and others who administer project-based Section 8 assistance. Below is a...more
On December 23, 2014, HUD issued a new notice clarifying its Davis-Bacon enforcement strategy for developments participating in the second component of the Rental Assistance Demonstration involving Rent Supplement and Rental...more