May 15, 2009, Alexandria, Va. - The National Affordable Housing Management Association (NAHMA) today announced the release of the NAHMA 2009 Affordable 100, a list of the 100 largest affordable multifamily property managers, ranked by affordable unit counts. The list is available at NAHMA's website, at http://www.nahma.org/content/latestnews.html, as well as the June issue of Affordable Housing Finance magazine and June issue of Units magazine.

The Affordable 100, created in an effort to accurately determine the size of the portfolio of affordable multifamily units receiving federal subsidy in the United States, lists affordable units containing at least one of following federal subsidies: HUD Project-based Assistance, Section 42 LIHTC, HOME funds, bonds and USDA Section 515.

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On May 8, 2009, the Department of Housing and Urban Development (HUD) sent out a RHIIP Listserv message and an iMAX mail message requesting property owners or management agents to designate one person for each HUD assisted property they own or manage who will need to use the SAVE system to verify the citizenship status of applicants or tenants who are noncitizens and who claim eligible immigration status.

HUD is excited about the opportunity to get as many of its assisted properties access to the SAVE system as possible and have extended the deadline to May 22, 2009, in an effort to make this happen. 

HUD will accept applications for a Green Retrofit Grant or Green Retrofit Loan on a first come, first served basis, beginning on June 15, 2009, and subject to allocations for project categories, geographic location and Owner/Affiliate concentration. HUD may offer either a Green Retrofit Grant, or a Green Retrofit Loan repayable from a share of Surplus Cash and from sale and refinancing proceeds, of up to $15,000 per unit for an individual Eligible Project, and expected to average not more than $10,000 per unit across all Eligible Projects that are funded, to be used to finance Green Retrofits that will reduce ongoing utility consumption, benefit resident health, and/or benefit the environment. The Owner's period of performance for completing all Green Retrofits will generally be twelve (12) months, but in no event shall it exceed twenty-four (24) months. The program requirements differ depending on the type of project-based assistance contract and depending on the owner entity (nonprofit or for profit).

More information on the Green Retrofit Program for Multifamily Housing, including the guidance document HUD Notice H 09-02, is available on HUD's webpage through the link: HUD Web Portal for Information and Resources.