Novogradac & Company LLP - HUD Center Breaking News

HUD ANNOUNCES FUNDS FOR HOPE VI, CHOICE NEIGHBORHOODS PILOT

Thu, Aug 26 2010 8:45:00 PDT

The U.S. Department of Housing and Urban Development (HUD) yesterday announced the availability of $124 million in HOPE IV awards and $65 million in Choice Neighborhoods pilot grants ...

HUD PROPOSES FAIR MARKET RENTS FOR 2011 HOUSING CHOICE VOUCHER PROGRAM

Wed, Aug 4 2010 11:05:00 PDT

The U.S. Department of Housing and Urban Development (HUD) today released proposed fair market rents (FMRs) for the Housing Choice Voucher program and the Moderate Rehabilitation Single Room Occupancy program for fiscal year (FY) 2011 ...

HUD PROVIDES GUIDANCE FOR SUBSIDY LAYERING REVIEWS

Fri, 9 Jul 2010 12:05:00 PDT

The U.S. Department of Housing and Urban Development (HUD) today provided administrative guidelines for implementing subsidy layering reviews in accordance with the requirements of the Housing and Economic Recovery Act of 2008 (HERA) ...

FHA INCREASES OVERSIGHT OF MULTIFAMILY LENDERS, UNDERWRITERS

Wed, 7 Jul 2010 11:55:00 PDT

The U.S. Department of Housing and Urban Development (HUD) today announced a series of changes to the Federal Housing Administration's (FHA) multifamily insurance programs to update underwriting policies, increase lender and underwriter quality, and align loan application, submission and approval standards ...

PROPOSED CRA CHANGE ENCOURAGES NEIGHBORHOOD STABILIZATION PROGRAM INVESTMENT

Thu, 17 Jun 2010 2:15:00 PDT

The federal bank and thrift regulatory agencies today announced a proposed change to the Community Reinvestment Act (CRA) regulations to encourage depository institutions to provide services and make loans and investments to support the U.S. Department of Housing and Urban Development's Neighborhood Stabilization Program (NSP) ...

SUMMARY, COST ESTIMATES POSTED FOR SENATE EXTENDER AMENDMENT

Wed, 9 Jun 2010 9:55:00 PDT

The Senate Finance Committee has released additional documents related to Senate Amendment 4301, a substitute for H.R. 4213, the American Jobs and Closing Tax Loopholes Act of 2010. ...

REVISED REVENUE ESTIMATES AVAILABLE FOR EXTENDERS BILL

Tues, 1 May 2010 16:05:00 PDT

Novogradac and Company LLP's Rent and Income Limit Calculator has been updated to include the U.S. Department of Housing and Urban Development's (HUD) 2010 rent and income limit data. ...

HUD RELEASES INCOME LIMITS FOR 2010

Fri, 14 May 2010 10:15:00 PDT

The U.S. Department of Housing and Urban Development (HUD) today released income limits for 2010 ...

HUD TO END HOLD-HARMLESS POLICY FOR SECTION 8 INCOME LIMITS

Wed, 12 May 2010 10:15:00 PDT

The U.S. Department of Housing and Urban Development (HUD) will eliminate the hold-harmless policy in estimating Section 8 income limits ...

HUD TO SURVEY LOW-INCOME HOUSING TAX CREDIT PROPERTY OWNERS

Tue, 11 May 2010 9:15:00 PDT

The U.S. Department of Housing and Urban Development (HUD) today invited public comments on a proposed "Study of the Low-Income Housing Tax Credit (LIHTC) Program After 15 Years." ...

HUD SEEKS COMMENTS ON OUTCOME EVALUATION OF DISASTER HOUSING PROGRAM

Thu, 6 May 2010 9:55:00 PDT

The U.S. Department of Housing and Urban Development (HUD) today invited public comments about its Disaster Housing Assistance Program Incremental Rent Transition Study...

HUD REVISES COMMUNITY PLANNING AND DEVELOPMENT MONITORING HANDBOOK

Thu, 29 Apr 2010 9:05:00 PDT

On Tuesday, April 27, the U.S. Department of Housing and Urban Development (HUD) issued the sixth revision to HUD Handbook 6509.2, Community Planning and Development Monitoring ...

HUD INVITES PUBLIC INPUT ON HOUSING FINANCE SYSTEM REFORM

Thu, 22 Apr 2010 8:55:00 PDT

- The Department of Housing and Urban Development (HUD) today published a notice seeking public input on establishing a more stable and sound housing finance system ...

HUD BROADENS NEIGHBORHOOD STABILIZATION PROGRAM DEFINITIONS

Fri, 2 Apr 2010 14:05:00 PDT

HUD announced that its definitions of foreclosed and abandoned properties will now include those in mortgage default as well as uninhabitable homes with lingering code violations ...

HUD REQUESTS COMMENT ON RECOVERY ACT REPORTING

Fri, 26 Mar 2010 10:45:00 PDT

The U.S. Department of Housing and Urban Development (HUD) in today's Federal Register issued an emergency request for comment related to its American Recovery and Reinvestment Act Section 1512 reporting ...

HUD EXTENDS FILING DEADLINE FOR SOME MULTIFAMILY PROJECTS

Thu, 25 Mar 2010 10:15:00 PDT

The U.S. Department of Housing and Urban Development's (HUD) Office of Multifamily Housing Programs authorized a blanket 30-day filing extension for those owners whose project's fiscal year ends December 31, 2009 ...

HUD UPDATES LIHTC DATABASE WITH DATA THROUGH 2007

Tues, 23 Mar 2010 11:05:00 PDT

The U.S. Department of Housing and Urban Development (HUD) last month updated its Low-Income Housing Tax Credit (LIHTC) Database. ...

CHAIRMAN FRANK INTRODUCES HOUSING PRESERVATION BILL

Thur, 18 Mar 2010 15:35:00 PDT

U.S. House Financial Services Committee Chairman Barney Frank, D-Mass., yesterday introduced H.R. 4868 ...

HUD INVITES COMMENTS ON LIHTC DATABASE

Wed, 24 Feb 2010 11:25:00 PDT

The U.S. Department of Housing and Urban Development (HUD) today invited comments on a requirement of the Housing and Economic Recovery Act (HERA) of 2008. ...

FHFA PROPOSES HOUSING GOALS FOR FANNIE, FREDDIE

Wed, 17 Feb 2010 9:15:00 PDT

The Federal Housing Finance Agency (FHFA) sent a proposed rule to the Federal Register establishing new housing goals for government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac ...

ANNUAL INDEXING OF BASIC MULTIFAMILY HOUSING STATUTORY MORTGAGE LIMITS

Wed, 10 Feb 2010 9:50:00 PDT

The U.S. Department of Housing and Urban Development (HUD) today published revised Annual Adjustment Factors (AAFs) for adjustment of Section 8 contract rents and funding renewals for specified programs. ...

ANNUAL INDEXING OF BASIC MULTIFAMILY HOUSING STATUTORY MORTGAGE LIMITS

Thu, 04 Feb 2010 9:40:00 PDT

In accordance with Section 206A of the National Housing Act, the U.S. Department of Housing and Urban Development (HUD) today adjusted the Basic Statutory Mortgage Limits for Multifamily Housing Programs for calendar year 2010 ...

PROPOSED BUDGET REDUCES HUD FUNDING BY 5 PERCENT

Tue, 02 Feb 2010 3:55:00 PDT

Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco today sent a letter about Fannie Mae's and Freddie Mac's (GSEs') conservatorship to Reps. Barney Frank, D-Mass., and Spencer Bachus, R-Ala., of the House Financial Services Committee, and Sens. Christopher Dodd, D-Conn., and Richard Shelby, R-Ala., of the Senate Banking, Housing and Urban Affairs Committee ...

PROPOSED BUDGET REDUCES HUD FUNDING BY 5 PERCENT

Mon, 01 Feb 2010 12:30:00 PDT

Today President Barack Obama transmitted to Congress his fiscal year (FY) 2011 proposed budget, which includes a request for $41.6 billion for the Department of Housing and Urban Development (HUD). ...

DOE ISSUES RULE REGARDING LIHTC, HUD PROPERTIES' ELIGIBILITY FOR WAP

Mon, 25 Jan 2010 10:30:00 PDT

The U.S. Department of Energy (DOE) today released a final rule amending the eligibility provisions applicable to multi-unit buildings under the Weatherization Assistance Program (WAP). ...

HUD ISSUES FHA MULTIFAMILY RENTAL CLOSING DOCUMENTS FOR COMMENT

Thur, 21 Jan 2010 10:30:00 PDT

In today's Federal Register, the U.S. Department of Housing and Urban Development (HUD) announced that it was issuing for public comment a comprehensive set of revised closing documents for use in Federal Housing Administration (FHA) multifamily rental projects. ...

ADMINISTRATION COMPLETES TRANSACTIONS UNDER HFA INITIATIVE

Wed, 13 Jan 2010 1:05:00 PDT

The U.S. Department of the Treasury, together with the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) today announced the completion of all transactions under the recently-introduced state and local Housing Finance Agency (HFA) Initiative, a key element of the Obama Administration's Homeowner Affordability and Stability Plan ...

PHYSICAL INSPECTION SCORES AVAILABLE FOR HUD-ASSISTED HOUSING

Tue, 22 Dec 2009 11:55:00 PDT

The U.S. Department of Housing and Urban Development's Office of Policy Development and Research (PD&R) announced today that HUD recently added to the HUD USER web site the overall scores of the physical inspections that HUD's Real Estate Assessment Center completes of HUD-assisted and subsidized properties each year, including housing owned by public housing authorities and by private housing providers ...

HOUSE BILL PROVIDES $1 BILLION FOR NATIONAL HOUSING TRUST FUND

Wed, 16 Dec 2009 2:15:00 PDT

House leaders yesterday introduced the Jobs for Main Street Act as an amendment to H.R. 2847 ...

HUD PROPOSES ALLOCATION FORMULA FOR HOUSING TRUST FUND

Fri, 4 Dec 2009 8:35:00 PDT

The U.S. Department of Housing and Urban Development (HUD) today proposed a formula for allocating funds from the Housing Trust Fund established by the Housing and Economic Recovery Act of 2008 (HERA) ...

HUD INVITES COMMENT ON MULTIFAMILY DEFAULT STATUS REPORT

Thur, 3 Dec 2009 9:15:00 PDT

The U.S. Department of Housing and Urban Development (HUD) today invited public comment on HUD-92426, Multifamily Default Status Report ...

BILL WOULD INCENTIVIZE ENERGY EFFICIENCY FOR FEDERALLY ASSISTED HOUSING

Thur, 19 Nov 2009 9:00:00 PDT

U.S. Representative Mary Jo Kilroy yesterday introduced legislation to create market-based incentives to increase the energy efficiency of federally assisted housing. H.R. 4099, the Energy Efficiency Modernization Act of 2009 ...

OPPORTUNITY TO COMMENT ON GSES DUTIES TO SERVE UNDERSERVED MARKETS ENDS SEPT. 18

Wed, 16 Sep 2009 9:00:00 PDT

The comment window closes Friday for the public to submit input to Federal Housing Finance Agency (FHFA) about government sponsored enterprises (GSEs) Fannie Mae's and Freddie Mac's duties to serve underserved markets ...

HUD INVITES COMMENTS ON ENDING 'HOLD HARMLESS' POLICY

Fri, 11 Sep 2009 12:00:00 PDT

In a request for comments scheduled for publication in the Federal Register on September 14, the U.S. Department of Housing and Urban Development (HUD) invites comments from the public on whether it should discontinue its policy of maintaining Section 8 income limits ...

HUD PUBLISHES PROPOSED 2010 FAIR MARKET RENTS

Tues, 4 Aug 2009 12:00:00 PDT

The U.S. Department of Housing and Urban Development (HUD) today published proposed fair market rents (FMRs) for fiscal year 2010 ...