On April 15, HUD updated the Frequently Asked Questions associated with the Section 202 Notice of Funds Availability (NOFA), applications for which are due May 26.
Legislation to expand and improve the Low Income Housing Tax Credit (Housing Credit) was introduced today in the Senate and House. The identical bills represent close iterations of Housing Credit legislation introduced, and widely-supported, in previous sessions of Congress.
HUD has announced the third round of COVID-19 Supplemental Payments, or CSPs. Properties can apply for reimbursements for certain COVID-19 expenses that occurred between December 1, 2020, through March 31, 2021. The deadline to submit CSP requests to HUD is April 26.
An April 13 hearing on, Separate and Unequal: The Legacy of Racial Discrimination in Housing, coincided with steps from HUD to reinstate fair housing rules undermined by the Trump Administration: affirmatively furthering fair housing and disparate impact.
House Committee on Financial Services Chairwoman Maxine Waters (D-CA) is circulating a sign-on letter to her House colleagues in support of strong rental assistance funding levels for several HUD programs, including Section 202 Housing for the Elderly and Section 8 Project-Based Rental Assistance. Once the signatures have been gathered, the letter will be sent to House majority and minority appropriators. Representatives have until April 21 to sign the letter.
HUD is promoting a free webinar on Integrated Pest Management geared toward multifamily housing.
The webinar will provide an overview of cockroach management, including their prevalence in low income communities, what factors contribute to high infestation rates, how to reduce cockroach infestations using IPM, and the benefit of IPM for reducing cockroach allergens and insecticide residues.
As of March 18, HUD has restarted routine processing and approval of Section 202 PRAC rent adjustments to increase Reserve for Replacement deposits. Budget-Based Rent Increase (BBRI) requests were temporarily suspended by HUD’s Office of Multifamily Housing in July of 2019 following escalating subsidy requirements that strained the program’s annual budget.
Because older adults with existing health conditions are more susceptible to the effects of infectious diseases, the threat of an outbreak may cause heightened concern in senior housing communities. Fortunately, affordable housing providers can take the following simple steps to prepare for emergencies.
LeadingAge is seeking feedback from affordable housing provider members on a proposal put forth by HUD as part of its fiscal year 2021 request to Congress.
HUD is proposing to transition five year Section 202 Project Rental Assistance Contracts (PRACs) from their current annual renewal cycle with budget based rent increases to a five-year renewal cycle (subject to annual appropriations) with an operating cost adjustment factor.
Overall: HUD Seeks 15% Cut
The headlines are clear: The Administration’s overall request for HUD in FY21 is terrible. HUD is seeking a 15% cut to its own agency. The request seeks to eliminate the HOME and CDBG program, the national Housing Trust Fund, basically eliminate public housing as we know it today, cut homeless assistance grants, and appears to not provide enough funding for voucher renewals in FY21. These are all programs that serve older adults and are all proposals LeadingAge strongly opposes.
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