Month: June 2018

HUD Posts “Keys to A Successful RAD Conversion” Videos

~ Tushar Gurjal ~ Leave a comment

On Thursday, May 17 and Friday, May 18, HUD held a training on the Rental Assistance Demonstration (RAD) program titled “Keys to A Successful RAD Conversion.” The two day long sessions were held in the Brooke-Mondale Auditorium at HUD’s Headquarters. The training was targeted at PHAs that had not yet contemplated, or had not yet started, a RAD transaction and was meant to provide information about the RAD process. The Department had previously promised to post videos of each of the sessions, which they recently did. The session videos can be found below.

Click below to see each session.

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HUD Publishes Webinar on 2018 HCV Implementation Notice

~ Tushar Gurjal ~ Leave a comment

Earlier today, PHA Executive Directors received an email announcing that HUD has published a webinar going over the contents of the 2018 Housing Choice Voucher (HCV) Program Implementation notice. The webinar can be found below. Questions about the notice or webinar can be sent to PIH.Financial.Management.Division@hud.gov.

The webinar can also be found here.

FY 2018 Housing Trust Fund Allocations Announced

~ Georgi Banna ~ Leave a comment

On June 5, HUD will allocate more than $266 million in FY 2018 formula funds to eligible grantees of the National Housing Trust Fund (HTF) program. The HTF is a non-appropriated federal resource that complements existing Federal, State and local efforts to preserve and expand the nation’s supply of affordable homes for very low-income (VLI) and extremely low-income (ELI) households, as well as families experiencing homelessness. Authorized in 2008, lawmakers sought to establish a permanent source of affordable housing funding through annual contributions from Fannie Mae and Freddie Mac (GSEs). Eight years later, the HTF was finally capitalized through its inaugural FY 2016 allocations. HTF grantees include the 50 states, District of Columbia, and five U.S. Insular Areas. Grantees may distribute funds through subgrantees (a unit of general local government or State agency) or directly fund projects proposed by eligible recipients (including PHAs), or a combination of both.

 FY 2018 Housing Trust Fund Allocations

State / Territory

 FY18 Allocation % Change (FY17 to FY18)

California

$36,616,277

58%

New York

$22,171,681

50%

Texas

$12,279,085

39%

Florida

$10,442,914

36%

Illinois

$9,812,230

37%

Pennsylvania

$7,759,948

32%

New Jersey

$7,726,903

38%

Ohio

$6,971,712

27%

Michigan

$6,004,558

24%

Massachusetts

$5,720,333

24%

North Carolina

$5,874,191

32%

Georgia

$5,705,499

29%

Washington

$5,197,313

26%

Virginia

$4,672,562

22%

Wisconsin

$4,117,505

18%

Indiana

$3,937,462

17%

Missouri

$3,970,270

18%

Arizona

$3,997,777

21%

Tennessee

$3,688,511

17%

Colorado

$3,563,587

13%

Oregon

$3,654,189

16%

Minnesota

$3,445,781

10%

Maryland

$3,578,771

17%

Connecticut

$3,269,474

9%

Louisiana

$3,068,829

2%

South Carolina

$3,007,655

0%

Alabama, Alaska, Arkansas, Delaware, District Of Columbia, Hawaii, Idaho, Iowa, Kansas, Kentucky, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Rhode Island, South Dakota, Utah, Vermont, West Virginia, Wyoming

$3,000,000 (Required State Minimum)

Puerto Rico

$1,253,357

 42%

American Samoa

$11,995

54%

Guam

$97,028

54%

Northern Marianas

$53,415

54%
Virgin Islands

$104,591

54%
Total $266,775,403

22%