Federal Regulations & Notices
Proposed Rule on Making Admission or Placement Determinations Based on Sex in Facilities Under CPD Housing Programs
This proposed rule would modify the 2016 Equal Access Rule to allow single-sex or sex-specific facilities, such as shelters, to determine whether the sex of an individual seeking housing is consistent with the sex the facility is intended to serve.
On May 21, HUD updated its Questions and Answers for Office of Multifamily Housing Stakeholders on addressing concerns related to the Coronavirus (COVID-19).
This final rule repeals HUD’s 2015 Affirmatively Furthering Fair Housing regulations and the 1994 Analysis of Impediments requirements where they appear in regulation and instead returns policy to HUD’s pre-1994 understanding of the 1968 Fair Housing Act’s obligation to affirmatively further fair housing. It requires HUD grantees to certify that they will take active steps to promote fair housing, without HUD prescribing specific guidelines for doing so.
On July 8, 2020, the U.S. Department of Housing and Urban Development issued PIH Notice 2020-14 announcing the availability of $50 million in HUD-Veterans Affairs Supportive Housing (HUD-VASH) funding that will support approximately 6,000 new HUD-VASH vouchers. The vouchers are administered in partnership with the U.S. Department of Veterans Affairs and enable homeless veterans and their families to access affordable housing with an array of supportive services.
This document provides proposed regulations relating to the sample size Housing Credit Agencies must monitor for program compliance, both physical inspections and low-income certification reviews. It allows agencies to monitor the lesser of 20 percent of the units in a building or the number provided in the Minimum Unit Sample Size Reference Chart.
This notice provides temporary relief from certain requirements under Section 42 of the IRC for Housing Credit properties in response to the ongoing Coronavirus Disease 2019 (COVID-19).
IRS Notice 2020-39 Extends Deadlines, Provides Guidance on Opportunity Zone Investment in Response to COVID-19
In response to the COVID-19 pandemic, IRS Notice 2020-39 extends the deadline to invest in a Qualified Opportunity Fund until December 31, 2020, for all taxpayers if the 180th day after a capital gain is recognized between April 1, 2020, and December 31, 2020. This notice also provides guidance on the 30-month substantial improvement test, the working capital safe harbor, the 12-month reinvestment period for Opportunity Funds, and other program requirements.
On May 28, 2020, HUD announced it would complete funding actions to provide $800 million of CARES Act supplemental appropriations to approximately 16,500 properties with Section 8 project-based rental assistance contracts to maintain normal operations. These resources, in addition to amounts appropriated under the Fiscal Year 2020 appropriations act, will help compensate owners for decreased tenant rent payments resulting from reduced tenant income. They also will accommodate increases in vacancy payment claims that may occur due to COVID-19-related delays in moving in new tenants.
FHFA Announcement of Refinance and Home Purchase Eligibility for Fannie Mae and Freddie Mac Borrowers
As part of its response to the coronavirus national emergency, FHFA announced that Fannie Mae and Freddie Mae will, temporarily, purchase loans originated to borrowers in forbearance, and that enhanced due diligence will be required to do so.