HUD Notice: PIH 2013-08: Funding for Tenant-Protection Vouchers for Certain At-Risk Households in Low-Vacancy Areas Final Implementation is now available on the NAHMA website.
This Notice provides final instructions, eligibility, and selection criteria on the funding process for tenant protection vouchers for certain at-risk households in low-vacancy areas, as provided for in the Consolidated and Further Continuing Appropriations Act, 2012 (PL 112-55), enacted on November 18, 2011.
The 2012 Appropriations Act provides that up to $10,000,000 of the $75,000,000 appropriated for tenant protection actions may be made available to provide housing choice voucher rental assistance to residents residing in low-vacancy areas and who may have to pay rents greater than 30 percent of household income, as the result of:
1) The maturity of a HUD-insured, HUD-held or section 202 loan that requires the permission of the Secretary prior to loan prepayment;
2) The expiration of a rental assistance contract for which the tenants are not eligible for enhanced voucher or tenant protection assistance under existing law; or
3) The expiration of affordability restrictions accompanying a mortgage or preservation program administered by the Secretary.
HUD is initially making up to $4,000,000 in voucher assistance available under this Notice, due to concerns that the needs under the other eligible categories of tenant protection actions may otherwise exceed the funds appropriated for tenant protection actions.
You may view the notice on the NAHMA HUD page now; please follow this link.