One day left to register for the Fair Housing Training at the OK Housing Conference per 2021 QAP Requirements…

One day left to register- Per the 2021 QAP, Fair Housing training verification is now required at carryover for Round 1 2021 only. If you are planning to complete the Fair Housing training at the conference to meet this OHFA requirement for Round 1 Applicants, you must be registered for the conference (and choose the Fair Housing Training you need) no later than December 31, 2020. No exceptions. The Fair Housing Trainings for both Developers & Property Managers held at the Oklahoma Housing Conference will meet OHFA requirements and will be acceptable for two (2) years from the date the training was completed.

Register Now for the 2021 Oklahoma Housing Conference and Fair Housing Training.

Don’t forget to register for Fair Housing Training at OK Housing Conference by December 31, 2020

Per the 2021 QAP, Fair Housing training verification is now required at carryover for Round 1 2021 only. If you are planning to complete the Fair Housing training at the conference to meet this OHFA requirement for Round 1 Applicants, you must be registered for the conference (and choose the Fair Housing Training you need) no later than December 31, 2020. No exceptions. The Fair Housing Trainings for both Developers & Property Managers held at the Oklahoma Housing Conference will meet OHFA requirements and will be acceptable for two (2) years from the date the training was completed.

Register Now for the 2021 Oklahoma Housing Conference and Fair Housing Training.

Must register for Fair Housing Training at OK Housing Conference by December 31, 2020

Per the 2021 QAP, Fair Housing training verification is now required at carryover for Round 1 2021 only. If you are planning to complete the Fair Housing training at the conference to meet this OHFA requirement for Round 1 Applicants, you must be registered for the conference (and choose the Fair Housing Training you need) no later than December 31, 2020. No exceptions. The Fair Housing Trainings for both Developers & Property Managers held at the Oklahoma Housing Conference will meet OHFA requirements and will be acceptable for two (2) years from the date the training was completed. For a list of OHFA guidelines/rules, Click Here.

Register Now for the 2021 Oklahoma Housing Conference and Fair Housing Training.

Must register for Fair Housing Training at OK Housing Conference by December 31, 2020

Per the 2021 QAP, Fair Housing training verification is now required at carryover for Round 1 2021 only. If you are planning to complete the Fair Housing training at the conference to meet this OHFA requirement for Round 1 Applicants, you must be registered for the conference (and choose the Fair Housing Training you need) no later than December 31, 2020. No exceptions. The Fair Housing Trainings for both Developers & Property Managers held at the Oklahoma Housing Conference will meet OHFA requirements and will be acceptable for two (2) years from the date the training was completed. For a list of OHFA guidelines/rules, Click Here.

Register Now for the 2021 Oklahoma Housing Conference and Fair Housing Training.

HUD Office of Inspector General Releases Report Revealing Shortcomings of HUD Radon Testing Policies for PIH and CPD Properties

HUD’s Office of Inspector General released a memo evaluating radon policies for the Offices of Community Planning and Development (CPD), Multifamily Housing Programs (Multifamily), and Public and Indian Housing (PIH). The report found that of the three offices, only Multifamily has implemented a policy requiring radon testing and mitigation in its properties. PIH recommends, but does not require, radon testing and mitigation, and CPD has no radon policy at all.

Upcoming Webinar on Sustainable Tulsa’s Scor3card Program for Landlords

The City of Tulsa and Sustainable Tulsa will be hosting a webinar on Sustainable Tulsa’s Scor3card Program for landlords and property managers. Scor3card is the region’s first business sustainability assessment tracking tool. It is designed to make it easy for businesses to track and measure their sustainability efforts around three areas of sustainability: people, profit, planet. This holistic approach to sustainability allows organizations to engage their employees, bolster their economic growth, and become better environmental stewards. At this webinar, landlords and property managers will learn about how the Scor3card Program can work for them.

To register, visit: https://events.r20.constantcontact.com/register/eventReg?oeidk=a07ehum3lotcdb83435&oseq=&c=&ch=

House Financial Services Committee Holds Hearing on Achieving Racial Equity through Fair Access to Housing and Financial Services

The Senate Banking, Housing and Urban Affairs (BHUA) on April 13 held a remote hearing, “Separate and Unequal: The Legacy of Racial Discrimination in Housing.” The hearing addressed the legacy of racial discrimination in housing including the history of exclusionary zoning policies, redlining, denial of loans and predatory lending practices to communities of color, and the historic impact of leaving communities of color out of many New Deal opportunities. The committee and invited witnesses reflected on the nation’s history of exclusion in federal housing policy, the Fair Housing Act, and what can Congress do to address inequities in upcoming legislation.

Bills to Increase Affordable Housing Resources Introduced in the House and Senate

Three bills were introduced in Congress providing much needed federal funding resources for affordable housing. Representative Maxine Waters (D-CA), chair of the House Financial Services Committee, introduced on April 12 a discussion draft of the “Housing is Infrastructure Act of 2021.” The bill includes two of the HoUSed campaign’s top priorities for the “American Jobs Plan:” an investment of $70 billion to repair public housing and $45 billion for the national Housing Trust Fund to build and preserve homes affordable to people with the greatest needs. NLIHC strongly supports the “Housing is Infrastructure Act” and urges Congress to enact the bill, along with investments to expand rental assistance, to help address the urgent housing needs of the nation’s lowest-income renters.

2021 HOME, NHTF, and HOPWA Limits Released

2021 HOME limits

These limits are effective June 1, 2021 and should not be implemented until this date.

HOME Income Limits in Chapter 8 of the Implementation Manual:
https://www.hudexchange.info/manage-a-program/home-income-limits/

HOME Rent Limits in Chapter 26 of the Implementation Manual:
https://www.hudexchange.info/manage-a-program/home-rent-limits/

2021 National HTF limits

These limits are effective June 1, 2021 and should not be implemented until this date.

NHTF Income Limits in Chapter 7 of the Implementation Manual:
https://www.hudexchange.info/programs/htf/htf-income-limits/

NHTF Rent Limits in Chapter 19 of the Implementation Manual:
https://www.hudexchange.info/programs/htf/htf-rent-limits/

2021 HOPWA income limits

These limits are effective June 1, 2021 and should not be implemented until this date.

The limits can be found by clicking on the links provided below from the HUD website:
https://www.huduser.gov/portal/datasets/hopwa-income-limits.html

Please contact one of the staff members below if you have any questions:

Syleste.johnson 405-419-8280

Sheri.pritchard 405-419-8132

Sandra.mcgougan 405-419-8271

Updated OHFA Website

OHFA’s redesigned website launches June 1. Located at www.ohfa.org, the site has been designed to be easier and quicker to navigate. Allocation and compliance information has been consolidated by program for better access to information.

Neighborhood Homes Investment Act Introduced in House

On March 23, Representative Brian Higgins (D-NY-26) introduced the Neighborhood Homes Investment Act (NHIA) in the House (H.R. 2143). Identical companion legislation was introduced by Senators Rob Portman (R-OH) and Ben Cardin (D-MD) in the Senate late January (S. 98). The NHIA, modeled after the successful Housing Credit and New Markets Tax Credit (NMTC), would create a federal tax credit to encourage investment in distressed urban, suburban, and rural neighborhoods that face a “value gap” – where the cost of rehabilitating or building a home is greater than the post-construction value of that home. The program would target communities facing the greatest need – those with high poverty rates, low median family incomes, and low home values – and could revitalize an estimated 500,000 homes, creating $100 billion in development revenue over the next 10 years.

The NHIA, which was first introduced last Congress in both the Senate, S. 4073, and the House, H.R. 3316, was also included in the House passed, H.R. 2, the Moving Forward Act. More recently, the Biden administration called for $20 billion to incentivize the building or rehabilitation of over 500,000 homes for low- and middle-income homebuyers through the NHIA through its American Jobs Plan. Enterprise applauds Representative Higgins, other members of Congress, and the Biden administration for their championship of this critical legislation, which could improve property values, increase family wealth, and decrease blight and abandonment in distressed communities.

President Biden Releases Blueprint for FY22 Budget

On April 9, President Biden released his blueprint for the Fiscal Year (FY) 2022 budget in a letter to Congress. The request is the first installment of the President’s budget plan and offers topline levels and key funding priorities, which include significant investments in Enterprise policy priorities. The complete budget is expected to be shared by the White House later this spring.

The $1.52 trillion budget blueprint requests $68.7 billion overall for HUD’s programs, a 15 percent increase over the FY21 funding level, and $330 million for the Treasury’s CDFI Fund programs, a 22.2 percent increase above the current funding level. The budget request proposes $30.4 billion for HUD’s Housing Choice Vouchers, which would be a significant investment toward addressing the housing crisis across the country, and $1.9 billion for HUD’s HOME Investment Partnership, which would increase program funding by $500 million and would be the highest funding level for the program since 2009. Additionally, the proposed budget requests $3.8 billion for HUD’s Community Development Block Grant (CDBG), with $295 million in incentives for program funds to be spent on the modernization and rehabilitation of public infrastructure projects in low-income and historically underrepresented communities.

Enterprise believes that investments proposed in this initial blueprint of the FY22 budget are a step in the right direction to meet the Administration’s commitment to addressing racial and economic inequities, both historic and those exacerbated by the pandemic.

CFPB Proposes Amendments to Regulation X

On April 5, the Consumer Financial Protection Bureau (CFPB) proposed a set of amendments to the Real Estate Settlement Procedures Act (Regulation X) aimed at preventing avoidable foreclosures as the federal foreclosure protections expire. The proposed changes would establish a special pre-foreclosure review period, which would generally prohibit servicers from initiating a foreclosure process for primary residences through December 31, 2021. The proposed changes would also permit loan servicers to offer certain streamlined loan modification options to borrowers with pandemic-related financial hardships, which would include permitting the evaluation of an incomplete application to get borrowers into an affordable mortgage payment faster and with less paperwork. These proposed changes would help ensure that borrowers impacted by the pandemic’s economic fallout have an opportunity to be evaluated for loss mitigation before the initiation of foreclosure. The CFPB estimates that nearly 1.7 million borrowers will be behind on their mortgages in September 2021 and the following months, with many of them a year or more behind on their mortgage payments. Public comments on the proposed changes to Regulation X are due by May 11, 2021.

Housing Trust Fund Receives $700 million

On April 6, HUD announced the disbursement of nearly $700 million through the Housing Trust Fund (HTF) program to states across the nation for the production and preservation of affordable housing. The HTF was launched in 2008 and is specifically designed to supplement existing federal, state, and local housing programs that seek to preserve and increase the housing stock for low- and extremely low-income families, as well as homeless households. Since 2017, 775 units have already been constructed or rehabilitated using the funds, while another 280 are under construction. Entities that receive assistance through the program are required to maintain adequate standards of safety and sanitary conditions. HTF allocations may be used by states and state-designated bodies to produce or preserve affordable housing through the acquisition, new construction, reconstruction, and rehabilitation of non-luxury housing with suitable amenities. Units that receive funding through the program must maintain an affordable status for 30 years. The HTF program is capitalized through annual contributions from Fannie Mae and Freddie Mac, and this year’s allotment is more than double the $322 million disbursed last year. HUD annually allocates HTF funds using a specific formula and requires grantees to use at least 80 percent of each annual grant for financing affordable rental housing, up to 10 percent towards homeownership, and up to 10 percent towards administrative and planning costs. Current estimates suggest that this year’s allocation will fund more than 5,400 new affordable units.

Numbers of the Day

Our friends at OK Policy published Numbers of the Day this week related to evictions in Oklahoma.

· 9,236 – Number of evictions filed by the 53 most frequent plaintiffs in Tulsa County, 2019-2020. These landlords accounted for over 2 out of every 5 eviction filings during the period.[Source: Open Justice Oklahoma]

· 7,921 – Evictions granted filed in Oklahoma between January and March 21 despite the Centers for Disease Control’s eviction moratorium [Source: Open Justice Oklahoma]

· 1 in 13 – Number of Tulsa renter homes that are evicted each year, the 11th highest rate among American cities; Oklahoma City is ranked 20th at 1 in 16 renter homes evicted. [Source: Eviction Lab]

· 1 in 3 – Portion of eviction filings filed against Black renters in an Eviction Lab study, despite Black renters making up only 1 in 5 renters in their sample [Source: Eviction Lab]

This fall the Oklahoma Coalition for Affordable Housing will be hosting an event and book signing with Matthew Desmond, author of Evicted and founder of the Eviction Lab. For more information or to sponsor, contact Andrea Householter at ocah.