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HUD’s New Section 18 Notice Makes Public Housing Rehab and Preservation Easier

Lost in the rush at the end of the year was news that HUD’s Office of Public and Indian Housing released a notice on December 26th (PIH 2024-40) updating the governance of the demolition and disposition of public housing property under Section 18 of the Housing Act of 1937.  Public housing authorities (PHAs) interested in […]

HUD Operating Cost Adjustment Factors & The Importance of Good Data 

On December 11, 2024, HUD published a notice establishing the Operating Cost Adjustment Factors (OCAFs) they will be using for FY25 and requesting comments on some methodological changes to how they are calculated. While often overlooked as a bureaucratic exercise, the establishment of OCAFs actually has an incredible impact on the funding level for projects […]

HUD Rebrands Faircloth-to-RAD as Restore Rebuild

On November 12th, the Office of Multifamily Housing at the Department of Housing and Urban Development (HUD) announced they have officially rebranded the process widely known as “Faircloth-to-RAD,” doing away with the bureaucratic moniker in favor of “Restore-Rebuild.” For the past few years, Faircloth-to-RAD, (hereafter referred to as Restore-Rebuild), has generated interest as a new pathway for public housing […]

Increasing Housing Supply with HUD’s Risk Share Program and FFB: Opportunities and Challenges for HFAs

In February of 2024, HUD and Treasury announced an indefinite extension of the Section 542(c) Housing Finance Agency Risk-Sharing Initiative offered through HUD’s Federal Housing Administration (FHA) and Treasury’s Federal Financing Bank (FFB). The Risk-Sharing Initiative allows HFAs to originate mortgages for new construction or rehabilitation of properties with affordable housing rental units. HUD and […]

In Conversation with HUD

Last month, Paul Williams joined the leadership team that created the mixed-income public development program at the Housing Opportunities Commission of Montgomery County to speak at HUD’s Quarterly Update, hosted at HUD’s headquarters in Washington, D.C., organized by their Policy Development & Research division.