The U.S. Department of Housing and Urban Development (HUD) budget did relatively well under the 2-year budget deal that the Congress negotiated last month, increasing the department's funding above the previously set sequestration levels. Unfortunately the bill failed to provide for the development of new Section 202 units as we had hoped.
The FY14 Omnibus authorized the extension of RAD's second component. So, owners with Rent Supplement, RAP or Mod Rehab contracts contracts expiring in FY14 should reach out ASAP to their HUD Project Manager in their local field office to inquire about preservation opportunities, including a short-term extension, if needed. Extension requests must be received by the Office of Affordable Housing Preservation (OAHP) by April 15, 2014.
Anyone who has access to iMAX, TRACS or EIV through Secure Systems, and any staff that may have opportunity to view EIV reports as part of the U.S. Department of Housing and Urban Development (HUD) certification process, must complete required security awareness training each year. On November 28, 2012, the module for online security training changed.
Work reportedly began in January 2014 to consolidate operations for properties in the new Fort Worth/Kansas City region. Details regarding the planned transformation of other HUD Multifamily Housing operations and timing for consolidation of offices in other parts of the country have been updated.
Kathryn Roberts, LeadingAge chair-elect, reflects on a recent meeting of our Long-Term Services and Supports Financing Task Force and the importance of LeadingAge continuing our work on this issue.