On December 31, 2015, the U.S. Department of Housing and Urban Development (HUD) announced the availability of the Affirmatively Furthering Fair Housing (AFFH) Assessment Tool. The AFFH Assessment Tool is for use by local governments that receive CDBG, HOME,
Housing Plus
Guidance and legal insight for all aspects of housing and community development
Housing Plus, published by Ballard Spahr LLP, focuses on legal developments and policy issues affecting affordable housing, public housing authorities, and related government programs. The blog covers topics such as HUD regulations, public housing financing, low-income housing tax credits, rental assistance programs, and innovative housing policy initiatives. It also addresses administrative and compliance matters for housing authorities, including contract forms, funding mechanisms, and program expansions like Moving to Work (MTW). The blog provides updates on legislative and regulatory changes impacting housing providers, as well as practical guidance on navigating complex housing laws and government programs.
Latest from Housing Plus - Page 9
Risk-retention rule for asset-backed securities finalized
On October 22, 2014, the federal regulatory agencies responsible for implementing regulations under Dodd-Frank finalized the risk retention rule for asset-backed securities (the “Risk Retention Rule”). For the securitization of multifamily loans, compliance with this rule is required beginning December…
The EB-5 Program gains short-term extension in Congress
Congress recently passed a short-term extension to keep the EB-5 Regional Center Program (commonly known as the EB-5 Program or the Immigration Investor Program) from expiring. The EB-5 program adds versatility to the financing options available to affordable housing, and…
Christopher D. Bell bolsters Ballard Spahr’s national housing practice
We at Housing Plus are thrilled to announce that Christopher D. Bell has joined the firm’s Real Estate Department and the Housing Group. His housing finance practice, experience with GSEs, and overall industry leadership strengthens a thriving group of…
New report offers toolkit for inclusionary housing programs
The Lincoln Institute of Land Policy recently released “Inclusionary Housing: Creating and Maintaining Equitable Communities,” a new report on the use of government policies that tie the creation of affordable housing to market-rate residential or commercial development.
The…
OIG audit finds RAD risk assessment inadequate
The HUD Office of Inspector General (the “OIG”) recently released an audit of the front-end assessment (“FERA”) undertaken for the Rental Assistance Demonstration’s (the “Demonstration”) first, or public housing, component. A FERA is a formal review by the applicable program…
HUD issues final rule modifying portability process in HUD’s Housing Choice Voucher Program
Elements of RAD — transfers of assistance
Office of Inspector General challenges HUD policy regarding public housing for over-income families
The Office of Inspector General (OIG) recently released an audit report of HUD examining the extent to which over-income families have been residing in public housing units. “Over-income” means the families were eligible low- income families at the time they were…
Elements of RAD discussed during the Ballard Spahr webinar
A number of essential points arising under HUD’s Notice PIH 2012-32, REV-2 were discussed during Ballard Spahr’s webinar, HUD’s Revised RAD Notice — What it Means for Closed and Future Projects. As a follow-up to the webinar, Housing Plus…