What’s trending in Affordable Housing



September 12, 2019

NP Affordable Housing Blog

Author(s): Nathaniel S. Cushman, Tatiana E. Gutierrez, Harry J. Kelly, Richard Michael Price, Kathie Soroka, Deborah VanAmerongen

RAD updates published in Rev-4, HUD issues new NSPIRE demo notice and releases proposal to overhaul disparate impact rule. Here’s what’s trending in affordable housing and community development.

RAD

RAD updates published in Rev-4 (Part 1: Public Housing RAD Conversions)

RAD Notice updates for Component 1 public housing conversions allow PHAs to joint venture, streamline provisions, and consolidate 2018 guidance.—Kathie Soroka and Deborah VanAmerongen

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RAD updates published in Rev-4 (Part 2: Mod Rehab Conversions)

RAD Notice revisions for Component 2 Mod Rehab conversions streamline CNA requirements, clarifies admission preference guidance, and updates Davis-Bacon.—Kathie Soroka and Deborah VanAmerongen

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RAD updates published in Rev-4 (Part 3: Rent Supp and RAP Conversions)

Last call for Rent Supp and RAP Conversions! Conversions must be requested by September 30 and completed by November 30, 2019.—Kathie Soroka and Deborah VanAmerongen

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RAD updates published in Rev-4 (Part 4: RAD for PRAC)

HUD’s final RAD for PRAC guidance largely tracks the previously published draft guidance and offers some key improvements on the use of sales proceeds.—Kathie Soroka and Deborah VanAmerongen

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HUD

HUD issues new NSPIRE demo notice

HUD recently published a new notice, seeking public comment, for its new multifamily property physical inspection protocol known as NSPIRE—National Standards for the Physical Inspection of Real Estate.—Richard Michael Price, Tatiana Gutierrez, Nate Cushman

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HUD releases proposal to overhaul Disparate Impact Rule

In the latest twist in its attempt to codify disparate impact law under the Fair Housing Act, HUD just announced an overhaul of its disparate impact regulation.—Harry J. Kelly

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Upcoming Events

Rochester Affordable Housing and Real Estate Update

Location: Nixon Peabody LLP | Rochester, NY

Date: September 24, 2019, 3:00 p.m. Eastern Time

Speakers: Meghan Altidor, Matthew Carrigg, John D’Amanda, Joseph Lynch, Anita Pelletier, Amy Reichhart, Deborah VanAmerongen, Stephen Wallace, Aaron Yowell

Topics include: Update on the current issues and opportunities in the areas of affordable housing and real estate from some of the nation’s leading practitioners in the industry.

NYSAFAH’s Upstate NY Conference

Location: Hyatt Regency | Rochester, NY

Date: September 25, 2019, 8:00 a.m. Eastern Time

Speakers: Meghan Altidor, Deborah VanAmerongen, among others.

Topics include: Workshops focused on local hiring, finance, federal housing programs, state housing programs, and trends in construction.

New York City Affordable Housing and Real Estate Update

Location: Nixon Peabody LLP | New York, NY

Date: October 3, 2019, 3:00 p.m. Eastern Time

Speakers: Meghan Altidor, Julia Casteleiro, Joseph Lynch, John Kelly, Susanna Mitchell, Abigail Patterson, Dana Roper, Kathie Soroka, Deborah VanAmerongen, Stephen Wallace, Aaron Yowell

Topics include: Update on the current issues and opportunities in the areas of affordable housing and real estate from some of the nation’s leading practitioners in the industry.

NH&RA Fall Developers Forum (2019)

Location: The Harvard Club of Boston | Boston, MA

Date: October 15–16, 2019, 11:00 a.m. Eastern Time

Speakers: Richard Price, among others.

Topics include: The changing REAC landscape and what it means for your company, strategies to scale production and preservation through tax-exempt bonds, and year 15 strategies and insights.

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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