January 17, 2017
Tuesday’s Regulatory & Legislative Roundup
- Yesterday, HUD released its third set of revisions for implementing the Rental Assistance Demonstration (RAD) program. Since its creation, nearly 60,000 public housing units have completed conversion to Section 8 assistance under RAD, leveraging over $3.8 billion for construction and rehab. This third revision builds on the program’s success and lessons learned in order to ensure that the program’s pace continues and more properties can be preserved and transformed. HUD has published a list of key changes to RAD as well as a blackline version showing the changes made in Revision 3 from Revision 2.
- The Federal Register has published two HUD notices today regarding assessment tools for Affirmatively Furthering Fair Housing. The first notice announces that the Office of Management and Budget (OMB) has approved HUD’s request to renew the Assessment Tool for use by local governments that receive formula funding from HUD when conducting and submitting their own Assessment of Fair Housing. The second notice announces that the Assessment Tool for use by Public Housing Agencies (PHAs) receiving assistance under the United States Housing Act of 1937 has been approved by OMB. While this tool has been approved, PHAs are not required to conduct and submit an Assessment of Fair Housing until HUD provides them with data.