October 24, 2012
Vol. 41, No. 21
SECTION 8 OCAFS ANNOUNCED. HUD’s new Operating Cost Adjustment Factors apply to project-based assistance contracts with an anniversary date on or after February 11, 2013. See Federal Register, 10/16/12. Contact Stan Houle, HUD, 202-402-2572.
TOOLKIT OFFERED FOR INDEPENDENT FORECLOSURE REVIEW OUTREACH. The Federal Reserve Board has made materials available to help local nonprofits reach residents whose homes were foreclosed in 2009-2010 by any of 14 mortgage servicers and who are eligible for an independent review. Call 888-952-9105.
LIHTC CAN SERVE EXTREMELY LOW-INCOME TENANTS, RESEARCH FINDS. The Furman Center and Moelis Institute at New York University examined data from urban, suburban, and rural Low-Income Housing Tax Credit properties in 16 states and found that 40% of the units are occupied by extremely low-income tenants (with incomes below 30% of area median). Because almost 70% of those ELI tenants receive some form of rental assistance, researchers concluded that “rental assistance is currently an indispensable part of the equation to serve those households.” The results are reported in “What Can We Learn about the Low Income Housing Tax Credit Program by Looking at the Tenants?”
CENSUS REPORTS ON SHELTERED POPULATION. The Emergency and Transitional Shelter Population: 2010 summarizes data on age, sex, and race/ethnicity for the 209,000 people counted in such shelters nationwide by the 2010 Census (not the entire homeless population). Data are aggregated by state and a map shows the number of people in shelters in every county. Over 60% of counties have no sheltered population.
HUD LAUNCHES APP FOR FMRS AND INCOME LIMITS. The map-based app for Android and iPhone allows users to search Fair Market Rents and Income Limits.