On June 20, HUD issued the Notice of Funding Availability (NOFA) for the FY 18 Continuum of Care (CoC) Program Competition. The FY 18 omnibus provided $2.513 billion to fund the Homeless Assistance Grants account, $130 million above FY 2017 enacted, including at least $2.106 billion for the Continuum of Care (CoC) and Rural Housing Stability Assistance programs. Approximately $2.1 billion is available in this FY 2018 CoC Program Competition NOFA, including up to $50 million available for Domestic Violence Bonus projects. Interested parties can apply as either collaborative applicants or project applicants.
On June 19, HUD posted a Notice of Funding Availability (NOFA) for federally recognized Native American tribal governments, city or county townships, county governments, state governments, and special district governments for its Lead-Based Paint Hazard Reduction program. The purpose of the grant is to help eligible entities undertake “comprehensive programs to identify and control lead-based paint hazards in eligible privately-owned rental or owner-occupied housing populations.” Continue reading
On Wednesday, June 20, HUD will formally publish their Advanced Notice of Proposed Rulemaking (ANPR) titled, “Reconsideration of HUD’s Implementation of the Fair Housing Act’s Disparate Impact Standard.” HUD is seeking comment on whether they should reopen the rule based on the Supreme Court’s ruling in the 2015 Texas Department of Housing and Community Affairs versus the Inclusive Communities Project, Inc (Inclusive Communities) and public feedback relating to HUD’s regulatory reform efforts. Comments are due 60 days after the ANPR is published on June 20th. HUD announced their plan to reexamine the Disparate Impact Final Rule in a press release on May 10th.
On April 14, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced the final round of designated Opportunity Zones in 4 additional states. Established by the Tax Cuts and Jobs Act of 2017, Congress created the new community development program that encourages long-term investments in low-income urban and rural communities. The Opportunity Zone Program provides tax incentives for investors to re-invest unrealized capital gains into Opportunity Funds. Opportunity Funds are private sector investment vehicles that invest at least 90 percent of their capital in Opportunity Zones. This new program has the potential to be an important, viable program for housing and community development agencies.
According to the Department of the Treasury, nearly 35 million Americans live in the communities designated as Opportunity Zones, and designated census tracts had an average poverty rate of over 32 percent.
The final round of submissions were approved for: Florida; Nevada; Pennsylvania; and Utah.
HUD has posted the CPD Funding Matrix and Dashboard Reports, as of May 1, 2018, to the HUD Exchange. These reports provide funding information for cities and states that are recipients of CPD funds, including Community Development Block Grant (CDBG), Continuum of Care (CoC), Emergency Solutions Grants (ESG), HOME, Housing Opportunities for Persons with AIDS (HOPWA), and Housing Trust Fund (HTF). The reports detail the size of the grant recipients have received over the past several years as well as the total amount of funds currently available.
HUD has announced its allocations for the Office of Community Planning and Development’s (CPD) formula programs, including: the Community Development Block Grant (CDBG), HOME Investment Partnerships (HOME), Housing Opportunities for Persons with AIDS (HOPWA), Emergency Solutions Grants (ESG), and the Housing Trust Fund (HTF). Allocations reflect the level of funding approved for your community. Allocations can be found on HUD’s CPD Formula Allocations for FY 2018 website.
HUD has posted it’s FY 2018 Continuum of Care (CoC) registration form to e-snaps with a submission deadline of 5:00 PM EDT on May 14, 2018. Collaborative applicants for CoCs that have changes from FY 2017 must complete the registration forms to access the Consolidated Application in the FY 2018 CoC Program Competition. This includes the CoC Application, the CoC Priority Listing, and project applications. If a CoC has no changes, they do not need to complete the registration, as HUD will move the previous year’s CoC registration information forward with no changes.
HUD also plans to release CPD Notice-18-06 “Applying to be a High Performing Community (HPC)” to the FY 2018 CoC Program Competition Funding Availability Page no earlier than May 2, 2018. The Notice will provide information applicants need to complete the 2018 Registration Process.
Recently, HUD’s Office of Recapitalization (Recap) Director Tom Davis issued a memo announcing new guidelines for closing RAD transactions after issuance of the RAD Conversion Commitment (RCC). Once an RCC is issued, agencies undergoing RAD conversions have 90 days to close their RAD transactions unless granted an extension by HUD. Recap notes that they expect PHAs to be ready to begin the closing process once the RCC is issued, however, HUD notes that some agencies undergoing RAD transactions have not submitted their closing packages “in a timely manner” once the RCC is issued. According to Recap, this “unnecessarily diverts staff attention away from transactions that are ready to close.” As a result, Recap is now introducing a “more standardized framework for processing transactions with a delayed submission of the draft closing package” through a new “Delayed Submission” RCC status.
On April 10, HUD posted the FY18 Choice Neighborhoods Planning Grants NOFA to www.grants.gov.
HUD is making available up to $5,000,000 for Planning Grants, including Planning and Action Grants. Planning Grants are two-year grants that assist communities with severely distressed public or HUD-assisted housing in developing a successful neighborhood transformation plan and building the support necessary for that plan to be successfully implemented. Planning Action Grants are three and a half year planning grants that pair planning with action. According to HUD, ‘[t]hese actions improve neighborhood confidence, which in turn sustains the community’s energy, attracts more engagement and resources, and helps convince skeptical stakeholders that positive change is possible.”
On April 9, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced designated Opportunity Zones in 18 states. Established by the Tax Cuts and Jobs Act of 2017, Congress created the new community development program that encourages long-term investments in low-income urban and rural communities. The Opportunity Zone Program provides tax incentives for investors to re-invest unrealized capital gains into Opportunity Funds. Opportunity Funds are private sector investment vehicles that invest at least 90 percent of their capital in Opportunity Zones. This new program has the potential to be an important, viable program for housing and community development agencies.
Currently, submissions have been approved by: American Samoa; Arizona; California; Colorado; Georgia; Idaho; Kentucky; Michigan; Mississippi; Nebraska; New Jersey; Oklahoma; Puerto Rico; South Carolina; South Dakota; Vermont; Virgin Islands; and Wisconsin.