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HOTMA – an Overview
On January 1, 2024, HUD will implement the most comprehensive changes to the way HUD properties determine eligibility and calculate income and rent since 1981 when Congress raised the rent cap from 25% to 30% of Adjusted Income. The changes are expected to have a ripple effect on other affordable housing programs including Rural Development and the Low Income Housing Tax Credit and HOME programs. Find out the most significant changes, what guidance HUD has provided to date, and when you will need to start following the new rules.
Public Housing Post RAD Conversion – How Do You Manage? Webinar
HUD’s Rental Assistance Demonstration Program (RAD) is a voluntary preservation program helping to stop the loss of affordable housing. According to HUD, in October, 2022, Public Housing authorities and their partners surpassed $15 billion in construction investment since RAD’s inception in 2013. PHAs across the nation leveraged RAD to obtain this financing for the construction, rehabilitation, and preservation of more than 185,000 deeply affordable rental homes. PHAs who converted their projects have opted for Project Based Vouchers (PBVs) or Project Based Rental Assistance (PBRA) – both of which are Section 8 platforms. With a conversion to PBVs things change. With a conversion to PBRA, everything changes. Learn or refresh on how your RAD conversion changes rules, procedures, and your management of the property.
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We Have A Powerful Unified Voice And We’re Using It To Improve Affordable Housing
MAHMA is a professional association representing owners and managers of affordable housing throughout Indiana, Illinois, Ohio, Michigan, Minnesota and Wisconsin. We are a regional organization with grassroots support from local, regional and national affiliations. We are a powerful unified voice whose objective is to provide and improve quality of life for the residents of affordable housing through management operations, and preservation of existing housing units.
Members receive weekly updates from the National and State level with the latest affordable housing information and breaking news as it happens.
MAHMA holds numerous training opportunities throughout the year both in person and virtually in small format sessions and during multi-day conferences.
MAHMA in partnership with the National Affordable Housing Management Association advocates federally with members of Congress, HUD, IRS, USDA and other agencies on behalf of the affordable multifamily industry.
Program Requirements and Best Practices Regarding Denial of Admission in Multifamily Assistance Programs; Member Input Needed on Tenant Background Screening
In January, the White House released a Blueprint for a Renter Bill of Rights, which articulated principles to increase fairness in the rental market, strengthen tenant protections, and encourage rental affordability. One of the principles focused on ensuring renters...
HUD Publishes New Green and Resilient Retrofit Program Funding Opportunities
HUD is pleased to announce the availability of landmark funding to support green and resilient retrofits of properties participating in Multifamily Assisted Housing programs. HUD published three Notices of Funding Opportunity (NOFOs) for the Green and Resilient...
LIHTC Update: Rates for June 2023
The Internal Revenue Service (IRS) issued Revenue Ruling 2023-10, which provides various prescribed rates for federal income tax purposes, including applicable federal interest rates, adjusted applicable federal interest rates, and adjusted long-term and tax-exempt...
Making An Impact In The Affordable Housing Industry
The Midwest Affordable Housing Management Association’s members are responsible for the day-to-day management tasks for over 800,000 units of the nation’s affordable housing stock. We understand that creating and maintaining quality affordable housing communities is essential to each family’s ability to reach its full potential. Join Us in making a difference.
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