New RFPs from RIHousing

RIHousing has announced two RFPs:

• Development of Affordable Homes: RIHousing has announced the opening of a competitive funding round of over $90 million in multiple sources of financing to develop affordable housing. Proposals are due before 4:00 p.m. on January 16, 2024.
  
  
• HOME-American Rescue Plan (ARP) Supportive Services Program: RIHousing seeks proposals from qualified firms to deliver eligible supportive services
  under the HOME-American Rescue Plan Program (HOME-ARP) to qualified individuals and families. Proposals are due before 4:00 p.m. on January 16, 2024.

For more information on these and other opportunities, please visit RIHousing's RFPs and RFQs page.

On-site MORs: Effective January 1, 2024

New guidance for Required and Alternative Management Occupancy Review (MOR) procedures for Performance Based Contract Administrators (PBCAs).

The Office of Asset Management and Portfolio Oversight published a memo on October 20, 2023, that takes the place of prior guidance regarding remote MORs conducted by PBCAs during the COVID-19 pandemic and reinstitutes the practice of on-site MORs. This updated guidance is effective with MORs scheduled on or after January 1, 2024.

HOTMA Supplemental Guidance Update

The U.S. Department of Housing and Urban Development (HUD) is working to release supplemental guidance related to the Housing Opportunity Through Modernization Act (HOTMA), specifically related to the asset limitation described in Attachment A in Notice H 2023-10.

This supplemental guidance will describe the discretion owners have regarding implementation and enforcement of the provision (24 CFR §§ 5.100; 5.603; and 5.618), and we strongly recommend you review it before making any change to current management policies.

As a reminder, full compliance with the HOTMA final rule is mandatory effective January 1, 2025.

HUD news on Benchmarking Services

HUD Launches Free Energy and Water Benchmarking Initiative for HUD-Assisted Multifamily Properties. (HUD) makes its Energy and Water Benchmarking Initiative available for properties participating in its Multifamily project-based rental assistance programs. This new, free service provides participating multifamily property owners with data on energy and water consumption at their properties.

The data provided will aid property owners in identifying opportunities for energy efficiency improvements that can benefit residents and promote green investments in individual properties or entire property portfolios.

Property owners can also use the information to assess rehabilitation efforts that may be eligible for grant or loan funding under HUD’s Green and Resilient Retrofit Program (GRRP) or other sources of funding.

Learn more about how to participate in the Benchmarking Initiative by visiting HUD's website.

Staffing News

RIHousing is pleased to announce that Brittany Toomey has returned to the Leased Housing and Rental Services (LHRS) division as the Multi-Family Housing Compliance Manager.

Brittany is a familiar face to many of you, having worked with us previously as the Senior Asset Manager for the HOME and Ancillary programs. For the last few years Brittany has been working as the Program Manager of Ancillary Financing with our Development division.

She over has 15 years of experience in the management of affordable housing and we are thrilled to have her back on our team. Brittany can be reached at 401-429-1455 and at btoomey@rihousing.com.

We'd love to hear from you!

To provide suggestions for information you would you like to see in future Property Matters E-News, please email Kathy Millerick at kmillerick@rihousing.com.