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Industry News

Industry News

Industry News

We bring you the latest news and regulatory changes in the affordable housing industry as they occur. Our articles keep you up to date on what’s new, while our Q & A’s solidify the real-world application of these many rules and regulations.

 

RHIIP Listserv Posting #401: New Policy: Interim Final Rule on Streamlining Administrative Regulations and Implementing Family Income Reviews Under the FAST Act

RHIIP Listserv Posting #401: New Policy: Interim Final Rule on Streamlining Administrative Regulations and Implementing Family Income Reviews Under the FAST Act On December 12, 2017, HUD published an interim final rule in the Federal Register that amends the regulatory language for PIH and Multifamily Housing rental assistance programs. This rule aligns the current regulatory flexibilities with those provided in the Fixing America’s Surface Transportation (FAST) Act. In addition, the interim final rule extends two of

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RHIIP Listserv Posting #400: Reminder – Mandatory Use of the EIV System and Multifamily EIV Help Desk

RHIIP Listserv Posting #400: Reminder – Mandatory Use of the EIV System and Multifamily EIV Help Desk This is a reminder to all owners and management agents (O/As) about required use of the Enterprise Income Verification System (EIV), consequences of failing to meet this requirement, and available resources to assist you in using the system.  Effective January 31, 2010, use of HUD’s EIV system became a mandatory part of the tenant admission and recertification process

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RHIIP Listserv Posting #399: Register Today: 2017 HUD Preservation Workbook and Recapitalization Excel Tool Webinar – December 7, 2017 – 3:00 PM EST

RHIIP Listserv Posting #399: Register Today: 2017 HUD Preservation Workbook and Recapitalization Excel Tool Webinar – December 7, 2017 – 3:00 PM EST This webinar will introduce participants to the recently published companion products – the HUD Preservation Workbook: Successful Stewardship of Multifamily Housing Recapitalization and the Recapitalization Excel Tool – which were designed to assist owners in becoming familiar with the steps involved in developing a strategy for preserving their HUD-insured and/or assisted affordable

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RHIIP Listserv Posting #398: Multifamily Launches New Section 8(bb) Preservation Tool Web Page on HUD.gov

RHIIP Listserv Posting #398: Multifamily Launches New Section 8(bb) Preservation Tool Web Page on HUD.gov The Office of Multifamily Housing has launched a new webpage for the Section 8(bb) Preservation Tool. Here is the link to the webpage. The webpage provides a brief explanation of the Section 8(bb) Preservation Tool, which allows for the transfer of Section 8 project based rental assistance (PBRA) budget authority from one multifamily project (Project A) to another multifamily project

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RHIIP Listserv Posting #397: Final Reminder – DUNS Number Required on All Voucher Submissions

RHIIP Listserv Posting #397: Final Reminder – DUNS Number Required on All Voucher Submissions This is the final reminder that effective December 1, 2017, vouchers that do not contain an active Dun & Bradstreet’s (DB) Data Numbering System (DUNS) Number will generate a Tenant Rental Assistance Certification System (TRACS) fatal error and will not receive payment until corrected. Attached is the memorandum, dated June 2, 2017, that implements the requirement to include the DUNS numbers

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RHIIP Listserv Posting #396: Violence Against Women Act (VAWA) Resources for Multifamily Assisted Housing

RHIIP Listserv Posting #396: Violence Against Women Act (VAWA) Resources for Multifamily Assisted Housing HUD has created a VAWA web page for assisted housing owners, agents, industry professionals, and residents. The web page contains links to the following: Violence Against Women Reauthorization Act of 2013; HUD’s final VAWA rule; Press release announcing the rule’s publication; Multifamily Housing program notice H 2017-05,  “Violence Against Women Act (VAWA) Reauthorization Act of 2013 – Additional Guidance for Multifamily

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RHIIP Listserv Posting #395: 2018 Operating Cost Adjustment Factors (OCAFs) and Utility Allowance Factors Now Available

RHIIP Listserv Posting #395: 2018 Operating Cost Adjustment Factors (OCAFs) and Utility Allowance Factors Now Available The Operating Cost Adjustment Factors (OCAF) for 2018 were published today in the Federal Register. These factors are used for adjusting or establishing Section 8 rents under the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA), as amended, for projects assisted with Section 8 Housing Assistance Payments. The factors are effective February 11, 2018 and can be

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Clarification on RHIIP Listserv Posting #393: Reminder: DUNS Number Required on All Voucher Submissions

Clarification on RHIIP Listserv Posting #393: Reminder: DUNS Number Required on All Voucher Submissions During the TRACS 203.A industry meeting HUD provided some clarification regarding the DUNS requirement.  RHIIP Listserv Posting #393 states that the DUNS requirement is effective 12/1/17.  HUD clarified that this refers to the voucher date, so the DUNS requirement will go into effect for the 12/2017 voucher.  Therefore, please ensure that the DUNS field is both populated in your voucher/MAT 30

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RHIIP Listserv Posting #394: Additional Updates to Handbook 4350.1 Posted for Review

RHIIP Listserv Posting #394: Additional Updates to Handbook 4350.1 Posted for Review An additional draft chapter of the “Multifamily Asset Management and Project Servicing” HUD Handbook 4350.1 has now been posted to the “Multifamily Policy Drafting Table” for a 30-day review period.  As many of you know, the handbook serves as a resource for staff, industry partners, and owners and agents.  Please use this link to access the following newly posted chapter: Chapter 2.03 Insurance

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RHIIP Listserv Posting #393: Reminder: DUNS Number Required on All Voucher Submissions

RHIIP Listserv Posting #393: Reminder: DUNS Number Required on All Voucher Submissions This is a reminder that effective December 1, 2017, vouchers that do not contain an active Dun & Bradstreet’s (DB) Data Numbering System (DUNS) Number will generate a Tenant Rental Assistance Certification System (TRACS) fatal error and will not receive payment until corrected. Attached is the memorandum dated June 2, 2017, that implements the requirement to include the DUNS numbers on all vouchers

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