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.
Many senior housing owners used the Section 236 Loan program to develop their properties. Most of these loans were made on the 1970’s, and while most of the 236 loans are HUD-insured, some were made by the state Housing Financing Agencies. As these 236 loans mature, many owners have questions about the change in the regulatory requirements for their property. This article by Gates Dunaway provides the answers.
The recently issued Section 8 renewal guide FAQ includes a significant new preservation opportunity - namely the ability of a non-profit owner to qualify for an Option 1, “Mark-up-to-Market” (“MU2M”) HAP contract under Option 1b.
The Joint Center for Housing Studies (JCHS) of Harvard University has released “America’s Rental Housing: Expanding Options for Diverse and Growing Demand,” a report on the record growth of rental housing demand. The report explored how expanding low-income housing tax credit (LIHTC) and U.S. Department of Housing and Urban Development (HUD) funding could better serve cost-burdened households.
The Congressional Budget Office has issued a report on federal housing assistance programs for low-income households. The report provides details on HUD provides housing assistance to low-income households using three main housing assistance programs: Housing Choice Vouchers, Project-Based Rental Assistance, and Public Housing. In addition, the report assesses budget and policy options for altering that assistance.
New research shows that the U.S. senior rental housing crisis will worsen -- even under the best case scenario. Released by Enterprise Community Partners, Inc. and Harvard University’s Joint Center for Housing Studies (JCHS), the study -- Projecting Trends in Severely Cost-Burdened Renters: 2015-2025 -- reports that the number of households spending half their income on rent could rise at least 11 percent, from 11.8 million to 13.1 million by 2025.