May 31, 2016
New proposed regulations published by HUD, HUD releases updated version of its Section 232 handbook, Governor Baker announces $100 million MassHousing fund, New TCAC policy on over-income tenants. Here’s what’s trending in affordable housing.
Blog Round-Up—Five New Regs
HUD has been busy the last couple of weeks and it seemed like a good opportunity to note new rules and notices funding the Housing Trust Fund, new procedures for 2530s, new rules on sexual orientation and gender identity discrimination and two sets of property inspections changes.—Richard Michael Price
Brave new world: HUD proposed broadband installation and climate change planning requirements
Two new proposed regulations were published by HUD today. The first would require installation of broadband internet infrastructure in new construction and substantial rehabilitation in certain HUD-funded programs, and the second requires states and other local agencies to include planning for broadband access and coping with the consequences of climate change in their Consolidated Plans.—Harry J. Kelly
HUD Section 232 Handbook update proposes significant benefits to senior housing financing
HUD released an updated version of its Section 232 handbook, which covers the Healthcare Mortgage Insurance Program, including the LEAN processing system. The proposed changes should make it easier for senior housing companies to obtain financing through HUD.—Allen A. Lynch, II
RAD for PRACs: Great news for 202s
Last week, by an 89–8 vote, the Senate approved Fiscal Year 2017 Funding for HUD that includes a bonus for owners of HUD Section 202 properties with PRAC contracts.—Meghan C. Altidor
Governor Baker announces $100 million MassHousing fund for creation of workforce housing
Massachusetts Governor Charlie Baker has announced a new $100 million fund for the creation of workforce housing, which is being defined as rental housing for households earning 61% to 120% of area median income.—Jeffrey W. Sacks
New TCAC policy on over-income tenants
In response to the recent uptick in resyndication applications, the California Tax Credit Allocation Committee (TCAC) and the California Debt Limit Allocation Committee (CDLAC) have issued a new policy to address the issue of over-income tenants in deeply targeted units.—Edward Campbell
Location: W Hotel | Washington, DC
Date: June 9–10, 2016
Speakers: John Cornell, Jessica Glynn Worthington, Forrest Milder, David Schon and Elizabeth Young
Topics include: The basics of Historic Rehabilitation Tax Credits, working with the National Park Service and the states, 50(d) income, combining historic tax credits with new markets tax credits, low-income housing tax credits, and loans from affiliates, plus much more.
Location: Ritz-Carlton Pentagon City | Arlington, VA
Date: June 12–14, 2016
Speakers: Richard Michael Price, Hon. Thomas Reynolds, Monica Sussman and Sally Vastola
Topics include: Rural housing.
Location: Sheraton Seattle Hotel | Seattle, WA
Date: June 13–16, 2016
Speakers: Tom Giblin, Richard Goldstein, John Marti and Deborah VanAmerongen
Topics include: Washington report, IRS policy, HUD policy, sustainable development, compliance and management, asset management, rural housing, plus much more.
Date: June 15, 2016
Speakers: Edward Campbell, Susanna Mitchell, Dana Roper, Alex Rosso, Monica Sussman and Patrice Harris
Topics include: FHA’s revised Multifamily Accelerated Processing (MAP) Guide.
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