Earlier today, HUD published a notice titled “Funding Availability for Set-Aside Tenant-Protection Vouchers – Fiscal Year 2017 Funding” (PIH 2018-02; H 2018-01). In it, HUD makes 5 million dollars available from the Fiscal Year (FY) 2017 Appropriations Act that the bill allocated for Tenant Protection-Vouchers (TPVs) for certain at-risk households in low-vacancy areas.
Major changes from the FY 2016 Funding Availability for Tenant-Protection Vouchers notice include the following:
- Application submission has been revised in two ways:
- Owners may submit an application for a triggering event that occurred within the past 5 years or will occur within 180 days;
- applications will be received on a rolling basis until funding is exhausted or HUD issues a new notice for FY 2018;
- Removes the “Rental Assistance Payments (RAP) contract expirations prior to” FY 2012 and “properties with Rent Supplement contract expirations prior to FY 2000” categories;
- Requires owners specify between enhanced vouchers or Project-based Vouchers (PBVs) and whether the owner is willing to accept the other form of assistance where the Public and Indian Housing (PIH) Field Office is unable to find a PHA willing to administer the preferred assistance type;
- Adopts Fair Market Rents (FMRs) and Small Area FMRs (in metropolitan areas) as a proxy for market rents;
- Revises owner calculation of household income requirements;
- Consolidates previous household list requirements;
- Allows PHAs to rely on an owner’s determination of a rent burden for a household;
- Allows owners and PHAs to use an owner’s most recent family income examination in certain circumstances;
- Revises how low-vacancy areas are defined; and
- Removes HUD internal standard operating procedures.
NAHRO is still in the process of reading through this notice and will supply additional details to its members.
The notice can be found here.