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Legislative Updates
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AHMA-PSW’s Affordable Housing News 06/12/2020
The 11.20 system release for the Integrated Disbursement and Information System (IDIS) Online will deploy June 12, 2020 starting at 9:00 PM EDT. View the IDIS 11.20 Release Notes describing the changes that will go live in the system on June 15, 2020 as a result of the release.
CDBG Updates –
HUD allocates more than $75 million in fourth wave of CARES Ace funding to assist people living with disabilities.
CFPB, FHFA and HUD launch joint Mortgage and Housing Assistance website for those impacted by COVID-19. Click here to visit the website.
HUD published methodology for Round 2 allocations of CDBG CARES Act Funds. Click here to view the Methodology for Round 2 Allocations of CDBG-CV CARES Act Funds or click here to view the CPD CARES Act Allocations.
HOME CARES Act has written some sample letters on Eviction Moratorium. The sample letters can be viewed here.
From LA LOMOD:
In light of recent emergencies and natural disasters, HUD issued a disaster notice for Owners and Management Agents of FHA/HUD Insured or HUD Assisted Multifamily Properties, which can be accessed here.
This notice includes information and resources to assist you in the event that your residents and/or property is impacted by a disaster. HUD has issued Notice H 20-06, Exclusion from Annual Income of Temporary Employment from the U.S. Census Bureau. Please inform your residents of this. Previously, residents may have declined employment with the Census Bureau due to the perception that this income will impact their monthly rent.
HUD has issued a memo on the allocation of funding from the CARES Act. In the Coronavirus Aid, Relief and Economic Security Act (CARES Act), PBRA programs were granted an additional $1 billion of additional appropriations. This new appropriation is to cover the expected decrease in tenant rents due to loss or reduction of income of our residents. In addition, the funds will also accommodate increases in vacancy payment claims due to COVID-19 related delays in moving-in new residents. Click here to view the Update on Allocation of Funding from the CARES Act. Also, click here to access the COVID-19 Q&A for office of Multifamily Housing Stakeholders.
As a result of the recent Midwest flooding, and Gulf Coast tropical storm, HUD has sent out the attached Disaster Reminder Notice regarding the importance of preparedness, and procedures to be followed in the event of property damage or resident displacement resulting from a disaster. If you have questions or need clarification, please reach out to your Account Executive. If you do not know who your AE is, please check here: https://www.hud.gov/states/shared/working/west/mf/ownmgmt/ae or email Den.Incoming@hud.gov or SF.Incoming@hud.gov. Please click here to view the Multifamily Emergency/Disaster Guidance or click here to access the disaster notice.
From the California Tax Credit Allocation Committee:
