HUD Update: CNA e-Tool Release 3.0 is now live

The Department of Housing and Urban Development has announced that the launch of the web-based Capital Needs Assessment (CNA) e-Tool, version 3.0 is going live today. Below, please find additional information that will assist you in getting started and includes resources and tools, as well as contact information for your questions or if you encounter technical difficulties.

Read More
Renee Reithel
CDC Publishes Eviction Moratorium FAQs

This week, the Centers for Disease Control and Prevention (CDC), the Department of Health and Human Services, and the Department of Housing and Urban Development published a guidance with frequently asked questions regarding the CDC’s temporary halt of all residential evictions to prevent the further spread of COVID-19. The Order temporarily halts residential evictions of covered persons for nonpayment of rent during September 4, 2020, through December 31, 2020.

Read More
Renee Reithel
HUD Urges Use of ESG and CDBG Funds to Provide Rental Assistance

The Department of Housing and Urban Development has issued an announcement reminding all grantees-states, cities, communities, and nonprofits-who received Emergency Solutions Grants (ESG) or Community Development Block Grant (CDBG) funds that they may use these funds to provide rental assistance or other aid to individuals experiencing financial hardship because of the pandemic and are at risk of being evicted, consistent with applicable laws, regulations, and guidance.

Read More
Renee Reithel
HUD Hosts Webinar on Navigating Post-Conversion RAD Requirements & Processing; Provides Guidance on Successful Implementation of the Choice-Mobility Option

Below, please find an update from HUD’s Rental Assistance Demonstration (RAD), via their RADBlast. This update includes information on the availability of a new webinar, hosted by the Multifamily Office of Recapitalization, that will provide an overview of the new Post-Conversion Approval Processing Guide.

Read More
Renee Reithel
HUD Issues Draft Notice Guidelines for Certain HUD Approvals Regarding Properties Encumbered by HUD-Held Mark-to-Market Program Debt and Portfolio Reengineering Demonstration Program Debt

The draft notice, posted on the Multifamily Housing Drafting Table, will replace Housing Notice 2012-10, “Guidelines for Assumption, Subordination, or Assignment of Mark-to-Market (M2M) Loans in Transfer of Physical Assets (TPA) and Refinance Transactions” in its entirety.

Read More
Renee Reithel