HUD releases Pay for Success implementation plan

In December 2015, Congress passed the transportation reauthorization bill, H.R. 22, which included language authorizing HUD to create a Pay for Success demonstration program for its assisted multifamily housing. HUD has submitted its implementation plan for the program to Congress. Up to 20,000 assisted multifamily units can receive energy and water retrofits through the program under performance based agreements that HUD will execute in fiscal years 2016 through 2019. Properties in HUD’s Section 8 project-based rental assistance, Section 202 and Section 811 programs are eligible.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s