Click here to view the HUD portion of President Obama's proposed 2013 budget, sent today to Congress.
To: IRHP Members
From: Stephen J. Wallace
RE: HUD Notice PIH 2012-18
Yesterday, the Department of Housing and Urban Development Office of Public and Indian Housing published Notice 2012-18 regarding "Rental Assistance Demonstration - Partial Implementation and Request for Comments." RAD is as demonstration program to allow certain regulatory relief that enables a more effective manner to finance the rehabilitation and preservation of federally-funded affordable housing rental units. The Notice is 149 pages long and has been published a little over 3 months from the enactment of the HUD FY 2012 appropriations law - an indication of RAD's importance to HUD. Perhaps most important to IRHP members is Section 3 which allows an owner to choose to receive a 15 year project based voucher contract in lieu of enhanced vouchers if there is a RAP or Rent Supp contract in place. This provision is effective immediately.
TO: IRHP Members
FROM: Stephen J. Wallace
DATE: November 22, 2011
RE: Congress passes "Mini-bus" funding bill; preservation provisions included
Fiscal Year 2012 HUD Appropriations On November 17, 2011, the House of Representatives and Senate passed the so-called "Mini-bus" FY2012 Appropriations legislation
(H.R. 2112), which included funding for three of the twelve appropriation bills: Agriculture; Commerce, State, Justice; and Transportation, Housing, and related agencies. A short-term "Continuing Resolution" funding the remaining federal agencies through December 16, 2011, was attached to this legislation; the current Continuing Resolution expired November 18th. The House vote was 298-121; the Senate vote was 70-30. Congress is now in recess for the Thanksgiving break. The president signed the legislation into law on November 18th.
