Tag: HUD

Making Sense of HOTMA

Yardi’s plan for PHAs in 2023

The Housing Opportunity Through Modernization Act (HOTMA) of 2016 brings significant changes to HUD’s public housing program. After years of preparation and implementation processes, public housing agencies across the country are ready to change the way they complete many of their core processes. Yardi is also ready for HOTMA with updates to our PHA Suite […]

News

Make the Most of MTW

What’s Next for Participating PHAs

Moving To Work (MTW) was a groundbreaking policy moment for HUD in 1996. Through MTW, HUD selected a small group (or cohort) of public housing agencies (PHAs) for the chance to create their own programs using HUD money. The only caveat to these MTW programs was the they must accomplish specific goals set by HUD, […]

Events, News

HUD Holidays

Yardi Fetes Forms

Who doesn’t enjoy back-to-back holidays, even if they are unknown outside of those who work on affordable housing? The Yardi PHA and Affordable Housing teams in Santa Barbara are furthering the trend of personalized holidays this week. The subject of their celebration? HUD forms 50058 and 50059. Forms 50058 and 50059 are often abbreviated to […]

Technology

Pluses of Plugins

Affordable Housing Insight

Just what is a plugin anyway? How is it different from a patch? Or a full version update? The somewhat frustrating truth for most of us is that software is one of the few products we use that doesn’t seem ever be ‘done’. With all of the different types of software we depend on every […]

News

The New HUD

Impacts for Homeowners

Two updates issued by the U.S. Department of Housing and Urban Development bring bad news to homeowners. Denied Mortgage Insurance Rate Cut Costs Homeowners $500/year The new administration indefinitely suspended a proposed rate cut for FHA-backed mortgage insurance. Instead of dropping rates to .60 percent, they will remain at .85 percent. The decision—made within the […]

People

East End Revitalized

Richmond Redevelopment & Housing

Yardi client Richmond Redevelopment and Housing Association (RRHA) recently broke ground on the expansive Churchill North/East End Revitalization project. East End Revitalization will include the demolition of the 504-unit Creighton Court public housing community. It will be replaced with a mixed-income community of nearly 1,000 energy efficient homes and apartments. Residents can choose between more […]

News

HUD Funding

Relief in Sight

In positive news for the public housing realm, the U.S. Department of Housing and Urban Development has received $49.3 billion in gross discretionary funding. It’s a $4 billion increase over FY 2014. The resources will be allocated to rental assistance vouchers, assistance for homeless and at-risk families, community improvement, and additional training for the Public […]

News

Ending Homelessness

HUD-VASH

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) recently announced more than $62 million in aid for homeless veterans. The funds will assist over 9,000 servicemen and women with permanent housing, dedicated case workers, and medical services. Following a year of budget cuts for HUD, the […]

News

HUD Cuts

Improvement funds fall short

The U.S. Department of Housing and Urban Development (HUD) granted $1.8 billion to public housing authorities throughout the nation. The funds will allow properties to make major renovations to existing properties that improve habitability andsustainability. The grant falls woefully short of the estimated $25.6 billion needed to bring the nation’s 1.1 million public housing units […]

News

HUD Updates

Homeless, Seniors affected

The U.S. Department of Housing and Urban Development recently received a $1.7 billion dollar Continuum of Care grant. Funds will provide assessment programs, street outreach, housing, job training, mental and physical health care, substance abuse counseling, and child care for formerly homeless persons. This year’s allotment reflects a 5% cut in funding, continuing a trend […]

News

2013 Income Limits

Deadline to update is Jan. 25

For our Yardi affordable housing clients, the following information pertains to the 2013 income limit structure. The deadline to update income limits is Friday, Jan. 25. The 2013 income limits as published by HUD were first released on December 4, 2012. Due to miscalculations, HUD released the 2013 Income Limits a second time on December […]