Legislative Updates

AHMA-PSW’s Affordable Housing News 05/09/19

May 9, 2019

The FFY2019 formula allocations for CDBG, HOME, HOPWA, ESG and NHTF expected to be received by the Arizona Department of Housing have been released. Please download the Information Bulletin for additional information.
HUD Multifamily West Region has replaced its previously issued memo pertaining to Zero Income Residents, issued January 14, 2008. Please click here to access the updated memo.
The agenda for the May 15 CTCAC Meeting has been posted at May 15, 2019 Meeting Agenda.
HUD has released 2019 income and rent limits. TCAC will send an email notice through our mailing list when the income and rent limit tables are completed and on the TCAC website.
The California Department of Housing and Community Development (HCD) has just released the Permanent Local Housing Allocation (PLHA) program draft guidelines
The Office of Multifamily Housing Programs published a joint Housing-PIH Notice today that provides guidance regarding the federally mandated exclusion of ABLE accounts from the calculation of income and assets. This is required under the Achieving a Better Life Experience Act of 2014 (ABLE Act). Amounts held in ABLE Act accounts are excluded from asset calculations, and any distributions from ABLE accounts are excluded from income calculations. This Notice will provide HUD-assisted housing programs with clear guidance on the treatment of: Distributions from ABLE accounts; Contributions made by the designated beneficiary; Contributions made by others into the ABLE account; Rollovers from existing ABLE accounts; and Requirements for verifying ABLE accounts. Read the Notice here, and please direct any questions to Annecia Durr.