News related to "section 202"
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On September 10, 2019 by Bobbie DuChamp Guidry
Effective immediately, HUD providers of Section 202 Housing for the Elderly with Project Rental Assistance Contracts (202/PRACs) can begin to leverage private capital to preserve their affordable housing over the long-term.
On July 10, 2019 by Jodi Boyne
The U.S. House approved a bill that increases overall HUD funding by 7%, rejecting the White House’s request to cut thr HUD budget by 18% for the fiscal year that begins Oct. 1. For HUD’s Section 202 Housing for the Elderly account, the bill increases funding by almost 19% compared to fiscal year 2019.
On April 10, 2019 by Bobbie DuChamp Guidry
The U.S. Housing & Urban Development Department (HUD) released a Notice of Funding Availability (NOFA) for new Section 202 funds. There is $50 million for the construction and ongoing rental subsidy of Section 202 homes. HUD expects to make approximately 30 awards. The deadline to apply is Aug. 28.
On August 15, 2017 by Jodi Boyne
A new Section 8 Renewal Policy Guidebook that applies to all renewal and amended rent submissions post-marked on or after July 28, 2017 is now available.
On June 20, 2017 by Bobbie DuChamp Guidry
Hundreds of LeadingAge members, older adults and partners will participate in the Save HUD 202 Rally on June 27 in Washington DC to send a strong message to lawmakers to fully fund the growing need for affordable housing for older adults.
On May 9, 2017 by Bobbie DuChamp Guidry
LeadingAge has launched a new Save HUD 202 campaign to encourage Congress to fully fund the Section 202 Housing for the Elderly program.
On May 2, 2017 by Jodi Boyne
The Omnibus Spending Act released this week in Congress fully funds renewals of HUD rental assistance, including those within the Section 2020 Housing for the Elderly program.
On March 28, 2017 by Jodi Boyne
The U.S. House and Urban Development Department (HUD) will not renew Section 202 Project Rental Assistance Contracts (PRACs) set for renewal in August or September 2017 if Congress does not provide the $72 million increase necessary for the Section 202 account for fiscal year 2017 (FY17).
On November 4, 2015 by Jodi Boyne
LeadingAge last week said a bipartisan budget deal reached by the White House and the U.S. congressional leadership could allow for more funding for senior housing than was provided in the 2016 spending bill the House passed earlier this year.
On May 20, 2015 by Mary Youle
The FY16 Transportation, Housing and Urban Development (THUD) bill passed by the U.S. House Appropriations Committee last week severely underfunds affordable senior housing. The bill, which is $6.8 billion less than the President’s request in order to comply with the budget caps set by sequestration, is expected to receive a House floor vote in mid-June.
On May 13, 2015 by Mary Youle
To gather information on the current and future physical needs of Section 202 PRAC projects, LeadingAge is urging all 202 PRAC providers to respond to its survey by May 31. This survey is designed for 202/PRACs only, meaning properties built after 1990 using HUD Section 202 funds.
On May 6, 2015 by Mary Youle
The U.S. House Appropriations Subcommittee on Transportation, Housing and Urban Development (THUD) approved its FY2016 appropriations bill. The $55.27 billion legislation is a $1.5 billion increase over FY2015 spending levels, but falls short on funding for key HUD programs.
On April 22, 2015 by Mary Youle
The LeadingAge Section 202 Project Rental Assistance Contracts (PRAC) Preservation Workgroup has released a survey
On April 1, 2015 by Mary Youle
The U.S. Department of Housing & Urban Development (HUD) has released instructions and the contract for renewing Project Assistance Contracts for Fiscal Year 2015. The expiring Project Assistance Contracts may be renewed for a period of one year.
On March 18, 2015 by Mary Youle
The U.S. Department of Housing and Urban Development (HUD) recently released Notice H2015-02: Required Actions for Multifamily Housing Projects Receiving Failing Scores from HUD's Real Estate Assessment Center (REAC).