Message of the Month

RHIIP Listserv Posting #398

November 29, 2017

Multifamily Launches New Section 8(bb) Preservation Tool Web Page on HUD.gov

The Office of Multifamily Housing has launched a new webpage for the Section 8(bb) Preservation Tool. Here is the link to the webpage: https://goo.gl/R1Q8P4

The webpage provides a brief explanation of the Section 8(bb) Preservation Tool, which allows for the transfer of Section 8 project based rental assistance (PBRA) budget authority from one multifamily project (Project A) to another multifamily project (Project B).

The webpage features a list of potential Property Bs, which will be useful to owners who are interested in transferring their PBRA budget authority. The list is downloadable in Excel, can be sorted or filtered by state or county, and is updated every two weeks.

It also provides instructions for owners of multifamily properties who are interested in receiving Section 8 budget authority via the 8(bb) transfer process on how to request that their properties be added to the list.

RHIIP Listserv Posting #396
November 22, 2017

Violence Against Women Act (VAWA) Resources for Multifamily Assisted Housing

HUD has created a VAWA web page ( https://goo.gl/NBe6VR ) for assisted housing owners, agents, industry professionals, and residents. The web page contains links to the following:

  • Violence Against Women Reauthorization Act of 2013;
  • HUD’s final VAWA rule;
  • Press release announcing the rule’s publication;
  • Multifamily Housing program notice H 2017-05, “Violence Against Women Act (VAWA) Reauthorization Act of 2013 – Additional Guidance for Multifamily Owners and Management Agents”;
  • July 26 and August 1, 2017 training webcasts on YouTube and associated PowerPoint slides;
  • A summary of industry Questions & Answers;
  • HUD VAWA Forms, and
  • Additional survivor resources.

For questions on the web page or Multifamily VAWA requirements, please contact Carissa Janis in the HUD Multifamily Office of Asset Management and Portfolio Oversight at Carissa.l.janis@hud.gov.

RHIIP Listserv Posting #395
November 2, 2017

2018 Operating Cost Adjustment Factors (OCAFs) and Utility Allowance Factors Now Available

The Operating Cost Adjustment Factors (OCAF) for 2018 were published today in the Federal Register. These factors are used for adjusting or establishing Section 8 rents under the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA), as amended, for projects assisted with Section 8 Housing Assistance Payments. The factors are effective February 11, 2018 and can be found at https://goo.gl/uZp3C7

Utility Allowance Factors for 2018, which may be used to adjust baseline utility allowances prepared in accordance with Housing Notice 2015-04, are also now available on HUDUser at https://goo.gl/wQySaM

Note to PBCAs and HUD staff processing rents adjustments using Auto OCAF: As of today, the 2018 Factors are updated in iREMS. Please delete any Amend Rents records effective 02/11/2018 and beyond that were created either automatically or manually with the old 2017 Factors. A new record will automatically generate with the new 2018 Factor. Neither PBCAs, nor submitting owners, should be penalized by HUD for delays related to the late release of 2018 factors.
**** Are you ready for 2.0.3.A? Check out the TRACS 2.0.3.A Final Industry Specification Documents at https://goo.gl/1BVpej ****
**** The TRACS 203A PowerPoint Presentation with Notes by EPS, Inc. is now available for download at https://goo.gl/va6qCp ****