Day: August 18, 2016

President Issues Disaster Declaration for Southeastern Louisiana

~ Eric Oberdorfer ~ Leave a comment

President Obama has issued a disaster declaration for 20 parishes affected by the historic flooding in southeastern Louisiana. This qualifies individuals and local governments for assistance that can help clean-up and rebuild. Furthermore, the President’s declaration allows HUD to offer relief and other assistance to families living in affected areas.For more information on this assistance, please see HUD’s press release here.

As this is a presidentially declared natural disaster, housing authorities in the region will not be eligible to use emergency capital funds to address any damages resulting from the floods. Rather, emergency funding will be made available through the Federal Emergency Management Agency (FEMA). Please visit www.disasterassistance.gov to apply for assistance.

NAHRO is keeping those affected by this disaster in our thoughts. For those of you in the affected area, please stay safe.

HUD Publishes Notice on Availability of $5 million for TPVs in Low-Vacancy Areas

~ Tushar Gurjal ~ Leave a comment

Today, HUD published a notice (PIH 2016-12) titled “Funding Availability for Tenant-Protection Vouchers for Certain At-Risk Households in Low-Vacancy Areas — Fiscal Year 2016.” The notice makes available the $5 million set-aside  for “certain at-risk households in low-vacancy areas for Fiscal Year (FY) 2016” from the $130 million appropriated for Tenant Protection Vouchers (TPVs) in general.

The $5 million in TPV assistance is available for the purpose of assisting “residents residing in low-vacancy areas and who either are or may have to pay rents greater than 30 percent of household income” because of the following:

  1. The maturity of a HUD-insured, HUD-held or section 202 loan that would have required the permission of the Secretary prior to loan prepayment;
  2. The expiration of a rental assistance contract for which the tenants are not eligible for enhanced voucher or tenant protection assistance under existing law; or
  3. The expiration of affordability restrictions accompanying a mortgage or preservation program administered by the Secretary.

The TPV assistance may be provided as either enhanced vouchers or project-based voucher (PBV) assistance.

NAHRO’s next issue of The Monitor (members only) will have additional details on the notice.

The full notice can be read here.