The U.S. Government Accountability Office (GAO) has released information on initial conversions to project-based vouchers under the Rental Assistance Demonstration (RAD) program. The GAO found that the property owners, PHAs, residents, housing organizations they spoke with generally viewed the RAD program as a useful tool for preserving affordable housing.
On June 18, the U.S. Department of Housing and Urban Development (HUD) issued a memorandum on the increase to the maximum coverage the National Flood Insurance Program (NFIP) can offer to HUD Multifamily and Office of Residential Care Facilities (Other Residential) buildings containing 5 or more residential units.
Energy costs are a constant concern to any provider that houses people. Member examples demonstrate ways to reduce utility costs and create much needed space in their budgets come contract renewal time. HUD has recently expanded its Better Building Challenge, and implemented an incentive management add-on fee. And studies into the Green Retrofit Program (GRP), implemented by the U.S. Department of Housing and Urban Development, found that building energy consumption was reduced by 18%, and water consumption by 26%.
Aon Association Services, and their carrier partner Zurich, presented a webinar to discuss the program designed specifically for not-for-profit senior care providers.
The U.S. Department of Housing and Urban Development (HUD) has released its update to the Low-Income Housing Tax Credit (LIHTC) property database, based on information collected annually from state housing finance agencies. This update includes properties placed in service in 2012, as well as revisions to previous years' data