News
Member Feedback Requested on items for 2023-2024 Priority Guidance
In early May, the Treasury Dept. and the Internal Revenue Service (IRS) published the attached Notice 2023-36 inviting public comments on items to be included on the 2023-2024 Priority Guidance Plan. Background The Priority Guidance Plan is used...
Energy and Water Benchmarking Initiative; Opportunity for Free Assistance
As part of the landmark Inflation Reduction Act, HUD’s Office of Multifamily Housing Programs is happy to announce we will soon be offering free contractor support to assist with energy and water benchmarking services to HUD multifamily assisted...
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...
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...
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...
Multifamily Publishes RAD PBRA Post Closing Website, FHA CNA 10-Year Update Memo, and NSPIRE Scoring Calculator and Instructional Video
The Office of Multifamily Housing Programs has published a RAD PBRA Post Closing Website, FHA CNA 10-Year Update Memo, and NSPIRE Scoring Calculator. PBRA Guidance for Post-RAD If you have completed a RAD conversion and have questions about...
HUD Update: NSPIRE FINAL RULE
the U.S. Department of Housing and Urban Development (HUD) published the Final Rule for the National Standards for the Physical Inspection of Real Estate (NSPIRE) in the Federal Register. The rule proposes a new approach to defining and assessing...
Multifamily Housing Handbook Revisions; Off-Farm Labor Housing New Construction Funds Awarded; Multifamily Quarterly Update Presentation
The Rural Housing Service (RHS) recently posted revisions to the Multifamily Housing Handbooks. Multifamily Housing Loan Origination Handbook. Revisions were made to Chapters 1 and 5, as follows: Chapter 1 of Handbook 1-3560, Multifamily...
HUD Allocates $382 Million To Help States Produce Affordable Housing
the U.S. Department of Housing and Urban Development (HUD) allocated $382 million through the nation's Housing Trust Fund (see list of state allocations below). The Housing Trust Fund (HTF) is an affordable housing production program that...
HUD Awards $15 Million to Help Low-Income Seniors Age in Place
The U.S. Department of Housing and Urban Development (HUD) today awarded almost $15 million to 13 nonprofit organizations and a state government to fund programs that make safety and functional home modifications to meet the needs of low-income...