The latest information on funding availability for HUD-subsidized Section 202 housing. This section also provides updates and information on regulatory guidance and legislative advocacy around housing finance, refinancing and preservation.
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LeadingAge has accepted an invitation to join the Steering Committee of the ACTION Campaign, a coalition of more than 650 national, state and local organizations committed to ensuring that Congress strengthens the Low Income Housing Tax Credit. Congress is expected to consider tax reform during the coming year, and protecting the tax credit is among LeadingAge’s top tax priorities.
At LeadingAge's request, the U.S. Department of Housing and Urban Development (HUD) has extended until Jan. 15, 2015, the deadline for comments on proposed changes to the Supportive Housing and Services for the Elderly (Section 202) and Persons With Disabilities (Section 811) programs as well as the proposed regulations for the Service Coordinator and Assisted Living Conversion Program.
LeadingAge is fighting on Capitol Hill to strengthen the Low Income Housing Tax Credit (LIHTC) before the year ends. Please email your elected officials and tell them strengthen the LIHTC before Congress adjourns for the year. Right now, Congress is considering many important tax issues, including restoring important expired provisions of the LIHTC, which helps our housing members build an average of 30,000 affordable senior housing units every year.
The U.S. Department of Housing and Urban Development (HUD) issued a notice that explains how and when owners who find themselves with properties that are perhaps beyond repair, or for other reasons not suitable for continued Section 8 subsidy assistance may transfer the Section 8 contract, or a part of the contract, to another more suitable property.
On September 18, the U.S. Department of Housing and Urban Development (HUD) issued a memo providing guidance on combining Section 8 Housing Assistance Payment (HAP) contracts by mutual agreement between the owner and HUD. This option is of particular relevance to owners who are refinancing.