A breakdown of how the federal government shutdown is affecting. Which government agencies are affected and what is the fallout for the.
HUD Issues Memos Regarding Resumption of Multifamily Asset Management and Production Activities. Last week, following the end of the partial government shutdown on Jan. 25 th, the U.S. Department of Housing and Urban Development’s (HUD) Office of multifamily housing programs issued two memos related to the resumption of Multifamily asset management and production activities.
HUD issued a contingency plan, outlining the shutdown status for HUD programs: public housing. local public housing agencies (PHAs) are not federal government entities and thus will not shut down. But, PHAs receive significant federal funding and their hours and capacities may be impacted by the federal shutdown.
Since the shutdown began last month, approximately 1,150 federal rental assistance contracts have not been renewed due to funding lapses at the Department of Housing and Urban Development. These.
HUD’s Federal Housing Administration (FHA) "Office of Multifamily Housing Programs" is responsible for the overall management, development, direction and administration of HUD’s Multifamily Housing Programs.
Shutdown Impacts Multifamily Housing Programs The partial government shutdown, now well into its third week, is having an impact on HUD multifamily programs, as the agency’s spending authority expired on Dec. 21, 2018, due to the lack of appropriated funding.
Unfortunately, affordable housing programs administered by the United States Department of Agriculture’s (USDA) Rural Development (RD), the Department of Housing and Urban Development (HUD), and Department of Treasury are all impacted. Those agencies are now in a shut-down mode. This is the third shut-down of the government in the last twelve months.
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The U.S. Department of Housing and Urban Development (HUD), has released a contingency plan outlining the status of its programs during the shutdown. Much of HUD funding for multifamily affordable housing is disbursed through local public housing agencies (PHAs), which are not part of the federal government and therefore continue to operate.
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The shutdown means many hud sponsored affordable housing programs are at risk of running out of money. that more of the 1.2 million low income families housed in these multifamily properties will.