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Annual Adjustment Factors for 2018 Go Into Effect Immediately
The AAF factors are based on a formula using residential rent and utility cost changes. AAFs established in the November 8 Federal Register notice are used to adjust contract rents for units in certain Section 8 housing ...
Mandatory Use of Capital Needs Assessment Tool (CNA e Tool) Begins
The Capital Needs Assessment (CNA) e-Tool automates and standardizes the preparation, submission and review of a capital needs assessment. Its use became mandatory starting November 1, 2017
Submit CY18 Service Coordinator Grant Extensions by November 20
HUD released in late October information regarding the CY 2018 annual extension funding renewals for grant-based service coordinator contracts that will again be processed through GrantSolutions as was for the CY 2017 process. The processing of the renewals will be accomplished through a streamlined process which applies to all ...
Comment on Draft Service Coordination Guide by November 27
HUD’s Service Coordinator in Multifamily Housing Program Resource Guide Draft focuses on how to operate an effective service coordination program in HUD assisted multifamily housing programs. ...
House Tax Bill Would Decrease Affordable Housing
On November 2, the House Ways and Means Committee released its tax reform bill, HR 1. The Tax Cuts and Jobs Act retains the Low Income Housing Tax credit but eliminates private activity bonds including Multifamily Housing Bonds, which allow bond-financed multifamily projects to access 4% Housing Credits. The elimination of the ...