Upcoming Events
- HUD Handbook 4350.1 Chapter 6 Training - Columbus
September 08, 2010
(Training Seminar)
Recent HUD changes in policy have had a profound effect on how both Owner Agents and Contract Administrators do their jobs. Attending this course will give housing stakeholders a clear understanding of the “musts” and “shoulds” of using the Enterprise...
MAHMA
PO Box 12204
Columbus, OH 43212
888-242-9472
- HUD Handbook 4350.1 Chapter 6 Training - Lansing
September 14, 2010
(Training Seminar)
Recent HUD changes in policy have had a profound effect on how both Owner Agents and Contract Administrators do their jobs. Attending this course will give housing stakeholders a clear understanding of the “musts” and “shoulds” of using the Enterprise...
MAHMA
PO Box 12204
Columbus, OH 43212
888-242-9472
- Top Ten Mistakes Everyone Makes Concerning REAC - Grand Rapids, MI
September 15, 2010
(Training Seminar)
REAC Inspection. Two words guaranteed to strike fear into even the most seasoned manager's heart. Fear no more, we'll get you the inside scoop you need in order to help you ace your next inspection as national expert, Saul Himelstein, President/CEO of...
Audra Garrison
PO Box 12204
Columbus, OH 43212
888-242-9472
Fax: 614-481-6951
- Regional Affordable Housing Conference
October 04, 2010 - October 05, 2010
(Conferences)
The 2010 Regional Affordable Housing Conference will be held at Maumee Bay State Park and Resort near Toledo, OH on Monday, October 4, 2010 & Tuesday, October 5, 2010. Mark your calendar and look for more conference information soon!
MAHMA Room Rates are...
Audra Garrison
PO Box 12204
Columbus, OH 43212
888-242-9472
- Low Income Housing Tax Credit Training - Grand Rapids, MI
October 05, 2010 - October 06, 2010
(Training Seminar)
This two-day LIHTC course is ideal for owners, managers, asset managers, developers and site staff who need to understand the basics and the critical workings of Low Income Housing Tax Credits. Those who are new to the industry and those who want a...
Audra Garrison
MAHMA
PO Box 12204
Columbus, OH 43212
888-242-9472
View Full Calendar
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About MAHMA
THE MIDWEST AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (MAHMA) is a professional association representing owners and managers of affordable housing throughout Indiana, Illinois, Ohio, Michigan, Minnesota and Wisconsin.
We are a regional organization with grassroots support from local, regional and national affiliations. Through our liaison with THE NATIONAL AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (NAHMA), our members benefit from the tremendous support and legislative work that is provided by the working partnership of the national HUD offices and other government, and community agencies. Located in Washington, DC, NAHMA works with key industry and government officials in facilitating the affordable housing industry and in voicing the decisive needs and concerns of its members.
The Midwest Affordable Housing Management Association’s members are responsible for the day-to-day management tasks for over 800,000 units of the nation’s affordable housing stock. The Association recognizes that creating and maintaining quality affordable housing communities is essential to each family’s ability to reach its full potential. Quality affordable housing communities are operated cost effectively by energetic and knowledgeable professionals who are committed to long-term careers in housing management. Our members represent those who follow sound financial practices, comply with regulations, and operate under state-of-the-art general management systems.
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Breaking News
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Summary of Draft Changes to HUD's Section 8 Renewal Guide |
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HUD has posted their draft changes to the Section 8 Renewal Guide online. A summary of the substantial number of changes to the guide can be found below. To read the draft changes in full, please visit: http://www.hud.gov/offices/hsg/mfh/exp/guide/sec8renguidedraftchgs.pdf
HUD is seeking comments on the changes made to the renewal guide.
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HUD Request for Comments on Proposed Changes to Projects Eligible for Mark-to-Market Restructuring |
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HUD has released proposed changes to the projects eligible for Mark-to-Market restructuring under MAHRA regarding when eligibility is determined through existing regulations. The proposed changes may be found in the Federal Register notice "Multifamily Housing Reform and Affordability Act: Projects Eligible for a Restructuring Plan; When Eligibility Is Determined" released August 27, 2010 (Docket No. FR-5304-P-01).
A copy of the federal register notice and the proposed language change can be found here: http://edocket.access.gpo.gov/2010/pdf/2010-21322.pdf
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Revised HUD Procedures for Requesting REAC inspections |
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HUD issued Notice H 2010-17, "Revised Procedures for Requesting Inspections from the Real Estate Assessment Center," on August 23, 2010. The notice expands on HUD's policies for servicing properties with REAC scores below 60 by delegating the authority to order certain special purpose physical inspections from REAC to the Hub Director (or designee).
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HUD Final Rule: Prohibition of the Escrowing of Tax Credit Equity |
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HUD's Final Rule, "Prohibition of the Escrowing of Tax Credit Equity," conforms FHA's multifamily mortgage insurance regulations (24 CFR 200.54) to section 2834(c) of the Housing and Economic Recovery Act of 2008 (12 U.S.C. 1715s).
HERA changes HUD's practice of requiring a substantial portion of the low-income housing tax credit (LIHTC) equity to be placed in escrow for potential future use over the life of the project at the time of initial endorsement. This requirement has had an inhibiting effect on the building of new LIHTC projects, and often required the use of bridge loans until the escrowed
proceeds were released.
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HUD has released HUD Notice H 2010-14 on "Policy and Procedure for Prepayment and Refinancing of Section 202 Projects Funded prior to 1975" (July 27, 2010). This notice provides guidance for prepayments and refinancing of Section 202 Direct Loan projects funded prior to 1975 to help preserve elderly housing. The notice also contains two attachments: one on authorities and the other regarding the calculation of project benefits.
To access HUD Notice H 2010-14, please click here: http://portal.hud.gov/portal/page/portal/HUD/program_offices/administration/hudclips/notices/hsg/files/10-14hsgn.doc
To access HUD Notice H 2010-14 Attachment 1- Authorities, please click here: http://portal.hud.gov/portal/page/portal/HUD/program_offices/administration/hudclips/notices/hsg/files/10-14hsgnatch1.pdf
To access HUD Notice H 2010-14 Attachment 2- Calculation of Project Benefits, please click here: http://portal.hud.gov/portal/page/portal/HUD/program_offices/administration/hudclips/notices/hsg/files/10-14hsgnatch2.pdf |
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