What’s trending in Affordable Housing



July 08, 2018

NP Affordable Housing Blog

Author(s): Kathie Soroka, Richard Michael Price

RAD updates bring Christmas in July, and HUD takes a look at how the White House reorganization plan impacts housing. Here’s what’s trending in affordable housing and community development.

Affordable Housing

RAD updates bring Christmas in July — higher rents, expanded rent-bundling and more! (Part 1: FY 2018 Appropriations implementation)

(Part 1 of 2) Two HUD RAD notices this week bump up initial rents for RAD 1 transactions, allow comparable market rents for new Rent Supp & RAP PBRA conversions in high cost areas, intro five new innovations and implement certain RAD updates from the FY 2018 Appropriations Act.—Kathie Soroka

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RAD updates bring Christmas in July — higher rents, expanded rent-bundling and more! (Part 2: Supplemental Guidance)

(Part 2 of 2) Two HUD RAD notices this week bump up initial rents for RAD 1 transactions, allow comparable market rents for new Rent Supp & RAP PBRA conversions in high cost areas, intro five new innovations and implement certain RAD updates from the FY 2018 Appropriations Act.—Kathie Soroka

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HUD

How the White House reorg plan affects housing

The White House’s reorg plan proposes GSE reform, moving CDBG to Commerce, moving USDA’s RD to HUD and creating a Council on Public Assistance.—Kathie Soroka and Richard Michael Price

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Upcoming Events

A Closer Look at FHA Financing

Location: Nixon Peabody LLP | New York, NY

Date: July 11, 2018

Speakers: Dana Roper, Kathie Soroka

Topics include: Learn more about FHA financing and how it can be used on its own or in connection with LIHTC, RAD or other transactions.

NH & RA Summer Institute (2018)

Location: Harbor View Hotel | Edgartown, MA

Date: July 20, 2018

Speaker: Forrest Milder

Topics include: This panel provides technical overview of the newest community development program, Opportunity Zones.

Maryland Opportunity Zone Conference

Location: The Hotel at the University of Maryland | College Park, MD

Date: July 31, 2018

Speaker: Andrew Potts

Topics include: This panel discusses the GAP vs. tax treatment of Opportunity Zone investments.

The foregoing has been prepared for the general information of clients and friends of the firm. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. If you have any questions or require any further information regarding these or other related matters, please contact your regular Nixon Peabody LLP representative. This material may be considered advertising under certain rules of professional conduct.

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