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LeadingAge

Housing Finance

The latest information on funding availability for HUD-subsidized Section 202 housing. This section also provides updates and information on regulatory guidance and legislative advocacy around housing finance, refinancing and preservation.

  1. New HUD Section 811 Funds Available

    On October 9, HUD issued two notices of funds availability for the Section 811 Housing for Persons with Disabilities program. The $112 million in funds now available include $75 million for Section 811 Capital Advances and $37 million for Project Rental Assistance that would be coupled with other funds that build the ...

  2. Threats to Nonprofits in Housing Tax Credit Program

    “Nonprofit Transfer Disputes in the Low Income Housing Tax Credit Program: An Emerging Threat to Affordable Housing,” documents how “some private firms have begun to systematically challenge nonprofits’ project-transfer rights and disrupt the normal exit process in hopes of selling the property at market value.” The ...

  3. Senate: No New 202 Funding

    Given what LeadingAge understands to be contract renewal needs in the Section 202 account, the Senate bill would not fund any new 202 homes (compared to the House bill, which would provide $140 million for new Section 202 homes in FY20). The Senate bill’s lack of funding for new Section 202 homes is greatly concerning to LeadingAge. ...

  4. CO Detector Bill for HUD Homes Passes House

    The bill, H.R. 1690, was introduced by Representative Chuy Garcia (D-IL). The bill would authorize $10 million a year for fiscal years 2020, 2021, and 2022 to carry out the installation and maintenance of the alarms or detectors.  In April, ...

  5. HUD, Treasury Offer Sweeping Reform Plans

    HUD’s Housing Finance Reform Plan largely focuses on reforming the work of the Federal Housing Administration (FHA). The plan calls for FHA to be a stand-alone government corporation within HUD. “To modernize FHA, Congress should re-charter it as an autonomous government corporation within HUD, which would provide the agency ...