What's trending in Affordable Housing

October 24, 2016

Author(s): Stephen J. Wallace, Tatiana E. Gutierrez

Congress passes stop-gap funding, HUD issues final 2530 regulation, USDA announces new housing program on opioid and substance abuse. Here’s what’s trending in affordable housing.

Appropriations Legislation

Congress passes stop-gap funding

Last week, the House and Senate voted to fund the federal government through December 9, 2016. The short-term measure includes full-year appropriations for some programs, while others remain funded at the 2016 levels.—Stephen J. Wallace

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HUD issues final 2530 regulation

Whether the new regulation and the processing guide will facilitate 2530 clearance remains to be seen.—Tatiana E. Gutierrez

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Rural Housing

USDA announces new housing program on opioid and substance abuse

Owners of USDA-financed affordable housing projects will have new incentives to rent units to individuals in drug court programs under suite of new initiatives to treat substance abuse.—Matthew Struhar

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Upcoming Events

Housing issues in focus—beyond policy: nuts & bolts of doing business with HUD’s Office of Multifamily Housing

Location: Nixon Peabody LLP | New York, NY

Date: October 27, 2016

Speakers: Nate Cushman, Dana Roper

Topics include: HUD Multifamily Transformation and HUD interaction with local agencies.

NLHA Fall Seminar: the Mature Section 8 Project

Location: Washington Marriott | Washington, DC

Date: October 27–28, 2016

Speakers: Monica Sussman, Tatiana Gutierrez

Topics include:The view from HUD, Section 8 Renewal Guide, occupancy and contract administration, exit strategies for property partners, avoiding common preservation transaction delays, HUD’s risk assessment and enforcement tools and much more.

Boston Affordable Housing + Community Development Update

Location: Nixon Peabody LLP | Boston, MA

Date: November 10, 2016

Speakers: Paul Bouton, Steve Wallace, Rick Goldstein, Monica Sussman, Nate Bernard, Jeff Sacks

Topics include: Post-election outlook, policy developments on Capitol Hill and at HUD, current issues in the low-income housing tax credit and historic rehabilitation tax credit, Massachusetts affordable housing issues.

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