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Housing Finance

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.

We've featured some articles below, but be sure to check out all of our affordable housing content.

 

Featured Content

LeadingAge to Serve on Steering Committee of Key Low Income Housing Tax Credit Coalition

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.

HUD Extends Comment Period for Proposed Rule on Section 202 and 811 Programs, Service Coordination and ALCP

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.

Ask Congress to Support Senior Housing!

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.

Project-Based Section 8 Housing: Transferring Budget Authority

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. 

Combining Section 8 HAP Contracts

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.