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R&C Housing Notices

254th Edition: 9/16/2019-9/20/2019

News of Note

HUD Proposes New HOTMA Regulations
On September 17, HUD issued a Notice of Proposed Rulemaking titled "Housing Opportunity Through Modernization Act of 2016: Implementation of Sections 102, 103, and 104" (the "Notice"). Under the Notice, HUD proposes changes to income review requirements, modifies continued occupancy standards for over-income households, and sets maximum limits on assets for families residing in public housing and Section 8 units.

The proposed rule also makes conforming changes to other HUD programs, including the HOME, HOPWA and HTF programs. Comments are due November 18, 2019.

IRS Publishes Final Regulations on Bonus Depreciation
On September 13, the IRS published final regulations regarding bonus depreciation authorized by the Tax Cuts and Jobs Act. The final regulations reflect and clarify the increase of the benefit, and the requirements for a property to qualify for the deduction - particularly regarding certain classes of used property. The regulations affect taxpayers who deduct depreciation for a qualified property acquired and placed into service after September 27, 2017.

Recent Developments

HUD Offers Technical Assistance to Launch FSS Programs

HUD issued a request for interest ("RFI") to offer technical assistance to multifamily assisted housing owners and management agents establishing Family Self-Sufficiency ("FSS") programs. The technical assistance will help prepare owners/agents to successfully execute FSS programs by working through the steps of program start-up, launch, and initial operation. The RFI application deadline is October 8, 2019 and an informational webinar is scheduled for September 25, 2019.

Read the RFI
Register for the Webinar

Upcoming Events

Matthew Greeson to Speak at Virginia Housing Credit Conference
September 24, 2019

R&C Member Matthew Greeson will speak on a panel about mixed use and mixed credit developments at the Virginia Housing Alliance's 2019 Housing Credit Conference, which will take place September 24-25 at The Omni Richmond Hotel in Richmond, VA.

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R&C Attorneys to Present at DC Building Industry Association Young Leaders Committee
October 1, 2019

R&C Member Matthew Greeson and Associate Cody Bannon will present "Opportunity Zones 101" on behalf of the DC Building Industry Association (DCBIA) Young Leaders Committee on October 1 at the DCBIA office in Washington, DC.

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Lisa Tunick to Present at LeadingAgeDC 2019 Annual Meeting
October 2, 2019

R&C Member Lisa Tunick will present "Hot Topics in Affordable and Independent Senior Housing" at LeadingAgeDC's 2019 Annual Meeting on October 2 at the Armed Forces Retirement Home in Washington, DC.

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R&C Attorneys to Present at HDLI's 2019 Fall Legal Conference
October 11, 2019

R&C Of Counsel Tom Pennington and Associate Emma Elliott will present "All About ADA Compliant Websites," and Ms. Elliott, along with Associate Iyen Acosta, will present "Front Burner Fair Housing Topics" at HDLI's 2019 Fall Legal Conference on October 11 in San Antonio, TX.

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Federal Register Notices

Notice of Regulatory Waiver Requests Granted for Q2 of CY 2019
September 19, 2019

84 FR 49327

Regulatory waiver requests that were granted for the second quarter of 2019 covering waivers by HUD, CPD, FHEO, GNMA, FHA and PIH.

PDF | Text

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