Legislative Updates

AHMA-PSW’s Affordable Housing News 9/06/18

  • HUD has extended the deadline to update TRACS submission to TLS V 1.2 to October 20, 2018. For more info click Here
  • FY 2019 Fair Market Rents have been released. Due date to request reevaluation of specific FMRs is October 1, 2018. FMRs will be effective 10/1/18 unless reevaluated. To view the FRMs, click Here. To view the federal register notice, click Here.
  • More info on CA AB 2219 – This bill, which requires Landlords to accept third party payments will take effect January 1, 2019. Section 8 HAP contracts were specifically excluded from being considered third party payments that must be accepted.
  • Notice is hereby given that the California Tax Credit Allocation Committee (“TCAC”) will hold public hearings on September 24, 25, 27, and October 3, 2018, as required by Section 42(m)(1)(A) of the Internal Revenue Code of 1986, as amended, with respect to proposed amendments to the Low Income Housing Tax Credit Qualified Allocation Plan. The Southern CA meetings will be held September 27 in Los Angeles and October 3 in San Diego. To view the notice, click Here. To view the text of the proposed regulatory changes, click Here.
  • The LA City Council have requested the City Attorney to prepare an ordinance for consideration which would require pets to be allowed in any building with public moneys accessed through HCIDLA.