Nominations are being accepted to the OCAH Board of Directors…

Are you or someone you know an exceptional member of the affordable housing industry with a perspective that would benefit the Coalition? Consider a nomination to OCAH’s Board of Directors. OCAH is seeking nominations for candidates to serve on the 2022 Board of Directors. There are four open seats on the board. Nominations will be accepted until Friday, August 20th. Apply today. OCAH Board of Directors Nomination Form

Voting Members – Register Now for the QAP Luncheon On Wednesday, June 30

Join the conversation and be part of a coordinated effort on affordable housing. The Oklahoma Coalition for Affordable Housing invites our voting members to a luncheon meeting on Wednesday, June 30th, to review and discuss Oklahoma Housing Finance Agency’s 2022 DRAFT Low Income Housing Tax Credit Application. Registration begins at 11:00, buffet lunch at 11:30 with discussion following. Voting Membership Levels include Sustaining, Corporate and Non-Profit/Housing Authority Members (does not include Corporate Affiliate Memberships or Individual Memberships).

REGISTER NOW! Virtual option available.

It’s Not Too Late to Register for the Upcoming Virtual Session, Oklahoma LIHTC Basics on TR, 6/17/21 @ 1:00 PM – 3 CE Hours

Register Now for the Oklahoma LIHTC Basics Virtual Session on Thursday, June 17, 1:00 p.m. – 4:00 p.m. 3 CE Hours available. Click HERE to see the full conference program and session details.
To find out more about receiving CE credit, please click on the following link to get Additional CE Details.

Virtual Conference (includes all remaining trainings): Member Registration Price: $135 | Non-Member Registration Price: $195 Individual Ticket Pricing for Oklahoma LIHTC Basics Session: Member Price: $40 | Non-Member Price: $65

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.

Tulsa: New Rental Assistance Programs from the Affordable Housing Trust Fund

The Tulsa Authority for Economic Opportunity (TAEO) Board of Trustees approved two Affordable Housing Trust Fund grants to non-profits for rental assistance programs. Restore Hope will receive a grant of $500,000 and Housing Solutions will receive a grant of $50,000 to create Affordable Housing Trust Fund Rental Assistance Programs. To be eligible for assistance from the Affordable Housing Trust Fund Rental Assistance Programs, tenants must:

  • Be a resident of the City of Tulsa;
  • Have a household income at or below 60% the Average Median Income (AMI) as determined annually by the US Department of Housing and Urban Development (HUD); and
  • Need assistance with payment of rent and utility costs to avoid eviction, remain stably housed, or obtain housing to become stably housed.

There is no requirement that the tenant’s financial hardship be related to the COVID-19 pandemic. Priority for assistance will be given to tenants who are not eligible for other available rental assistance programs or renting from a landlord participating in the City of Tulsa’s Gold Star Landlord Program.

For more information on these programs, watch these short videos:

More Details: CDC Issues New Eviction Moratorium Through October 3

Yesterday, the Centers for Disease Control and Prevention (CDC) issued a new order temporarily halting evictions for nonpayment of rent in communities with substantial or high levels of community transmission of COVID-19. The CDC defines substantiation and high transmission based on the number of positive cases and the percentage of positive tests in the county (see footnote 9 in the order for more specific information). The order cites the increase in COVID-19 cases and the public health impact evictions would have due to increased movement and shared and congregate housing situations into which evicted tenants may be forced to enter. The order is in effect until October 3, 2021.

Counties are covered based on whether they met the threshold for substantial transmission as of August 3. Counties that are not covered as of August 3 but later experience substantial or high levels of transmission will become subject to the order at that time. Counties that experience a decrease in cases and positive tests and no longer meet the threshold will cease to be subject to the order.

To be covered by the order, an individual must have earned no more than $99,000 (or $198,000 if filing jointly) in calendar year 2020 or expect to earn no more than that amount in calendar year 2021, not have been required to report taxable income in 2020, or received a stimulus check in 2020 or 2021. The individual must also have made their best efforts to obtain all available government assistance for rent or housing. To qualify for protections, an individual must have completed and signed a declaration form and provided it to their landlord. An individual who submitted a declaration form under the previous CDC eviction moratorium and is still present in their unit does not need to submit a new declaration form.

Evictions for nonpayment of rent initiated but not completed before August 3 are subject to the order. However, the order does not protect households in which an eviction was completed before August 3.

The order is intended to give Emergency Rental Assistance (ERA) grantees more time to distribute ERA funding to eligible households. The order notes, “In appropriating these emergency rental assistance funds, Congress intended that the funding would work in concert with the eviction moratorium, providing time for rental assistance to reach eligible tenants and landlords to substantially reduce the threat of an eviction wave after the eviction moratorium was no longer in effect. While the pace of assistance is continuing to increase, without additional time for states and localities to deliver this needed relief and engage in other efforts to prevent evictions, a surge of evictions would occur upon the conclusion of the national moratorium. A surge in evictions would lead to immediate movement, crowding, and increased stress on the homeless service system. In combination with surging COVID-19 rates across the country… this would create considerable risk for the rapid transmission of COVID-19 in high-risk settings.”

Biden Administration Acts to Protect Renters as Eviction Moratorium Ends

Following the expiration of the CDC eviction moratorium for qualifying renters on July 31, federal, state and local leaders have been working to identify legal authorities, judicial interventions and other strategies to keep renters safely housed until state and local program administrators can disburse Emergency Rental Assistance (ERA) funds to landlords and tenants. Authorized by the Consolidated Appropriations Act of 2021 and the American Rescue Plan Act, the ERA program provides $46 billion for renters who have fallen behind on rent and utilities as the result of a Covid-related hardship. Though a critical resource, the rollout of the ERA program was delayed by a multitude a factors, including slow release of guidance, challenges with staff capacity and technology infrastructure, and concerns over fraud. An estimated 6 million households are currently behind on rent and at risk of eviction.

On July 29, House Financial Services Committee Chair Maxine Waters introduced legislation to extend the Center for Disease Control and Prevention’s eviction moratorium for qualified renters through the end of the year, but the proposal lacked the necessary votes for passage. Yesterday, the Biden-Harris Administration announced that it is taking additional measures to protect renters amid the pandemic. A statement by the White House noted that since the CDC has not been able to find legal authority for enacting a new, targeted 30-day eviction moratorium, the President directed his White House policy, implementation and legal teams to work with federal agencies on reexamining whether there are any other authorities to take additional executive actions to temporarily stop evictions. Additionally, the President encouraged state and local governments to enact or extend their eviction moratoria for at least two months and called on state and local courts to halt eviction proceedings until tenants and landlords can first apply for ERA. The President also directed the U.S. Treasury to make clear that state and local governments can use ERA funds to support eviction prevention activities by courts, legal aid and housing counselors.

Several states, including California, Colorado, Hawaii, New Jersey and New York, will keep state-wide eviction moratoria in place. Additionally, some states, such as New York and Oregon, will continue to pause evictions for tenants with pending applications for Emergency Rental Assistance ERA funds.

C-PACE for Multifamily Developers and Landlords Webinar

INCOG, the City of Tulsa, and the Tulsa Authority for Economic Opportunity (TAEO) are hosting a free webinar on Tulsa County’s new program, Commercial Property Assessed Clean Energy (C-PACE), which is a financing mechanism designed to encourage energy and water efficiency improvements, renewable energy systems, and building resiliency projects. Multifamily properties with a minimum of 5 dwelling units can use C-PACE to finance up to 100% of the costs of eligible projects.

The webinar is scheduled for Monday, September 6th from 10am to 11am. Register in advance for this webinar:

https://us02web.zoom.us/webinar/register/WN_tKnCJrLhTbmuWjaS9KJ86Q.

More information on the C-PACE Program can be found at http://www.oklahomacpace.org.

HUD Releases Notice of Funding Opportunity for Eviction Prevention Program

HUD released a notice of funding opportunity on July 20 for the Eviction Protection Grant Program. The program will provide $20 million in financial support to experienced legal service providers across the country to provide free legal assistance to low-income tenants facing eviction. This grant program helps individuals and families, including people of color, people with limited English proficiency, and people with disabilities—all of whom disproportionately face eviction—avoid eviction or minimize the disruption and damage caused by the eviction process.

Read more of this article here

Early Bird Discount Ends Friday – 2021 CRE Summit

Registration is now open for the 2021 Commercial Real Estate Summit which will be held Tuesday, September 14, 2021 at UCO Nigh Center.

Tracks & Session Highlights Include:
CCIM (These courses count for Elective Credit for CCIM Candidates)
Financial Modeling for Development
Splitting Profits in CRE

Disruptive Issues in CRE
CRE & the Film Industry
Use of Land Trust Property
The McGirt Decision

Finance & Legislative
New Regs Impacting CRE Financing
Eviction Diversion
OK Landlord Tenant Act Revision

Appraisal
Low Income Housing Tax Credits
Valuating LIHTC Developments
Valuation of Cannabis Grow Facilities
Yield on Cost

Register by this Friday, August 5th, and receive the early bird member rate discount!

New Database on Eviction Laws Compares State and Local Eviction Processes

The Center for Public Health Law Research at Temple University and the Legal Services Corporation (LSC) have released the LSC Eviction Laws Database, an online interactive tool that allows users to examine state, territory, and local eviction laws. The laws and procedures in the dataset were in effect as of January 1, 2021.

Read more of this article here

FHFA Announces Multifamily Tenant Protections

Last week, the Federal Housing Finance Agency (FHFA) announced that tenants of multifamily properties with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) who are subject to eviction for nonpayment of rent must be given 30 days’ notice to vacate before the tenant can be required to leave the unit.

This requirement applies to all Enterprise-backed multifamily properties, regardless of whether the loan is in forbearance. This 30 days’ notice requirement will also continue to apply even after the CDC eviction moratorium is scheduled to end on July 31, 2021.

For more information, visit: Tenant Protections for Enterprise-Backed Rental Properties in Response to COVID-19 | Federal Housing Finance Agency (fhfa.gov).

House Approves FY 2022 Omnibus Bill with Funding for HUD and Rural Housing Programs

House Approves FY 2022 Omnibus Bill with Funding for HUD and Rural Housing Programs

Last week, the House of Representatives passed an omnibus appropriations bill, H.R. 4502, that combines seven fiscal year (FY) 2022 appropriations bills and includes funding for U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture (USDA) rural housing programs. The bill passed on a party-line vote of 219–208, with all Democrats present voting for and all Republicans present voting against.

The bill includes substantial increases to many HUD programs, including the HOME Investment Partnerships program and Section 8 rental assistance. In total, the bill provides $56.5 billion for HUD programs and activities, $6.8 billion more the FY 2021 enacted level and $314 million below President Biden’s FY 2022 budget request.

The bill will now be sent to the Senate. Key program funding levels are listed below.

HUD Program Funding

  • $1.85 billion for the HOME Investment Partnerships program, an increase of $500 million above the FY 2021 enacted level and level with the president’s budget request. The funding includes a $50 million set-aside for a new down payment assistance program to help first-time and first-generation home buyers.
  • $29.2 billion for Tenant-Based Rental Assistance, an increase from $25.8 billion in FY 2021 and $1.2 billion below the president’s budget request. The funding includes $1 billion to expand housing assistance to nearly 125,000 low-income households.
  • $14 billion for Project-Based Rental Assistance, an increase of $535 million above the FY 2021 enacted level and level with the president’s budget request.
  • $3.7 billion for Community Development Block Grants, an increase of $225 million above the FY 2021 enacted level and $100 million below the president’s budget request.
  • $3.4 billion for Homeless Assistance Grants, an increase of $400 million above the FY 2021 enacted level and $100 million below the president’s budget request.
  • $1 billion for Housing for the Elderly, an increase of $145 million above the FY 2021 enacted level and $72 million above the president’s budget request.
  • $600 million for Housing Opportunities for People with AIDS, an increase of $170 million above the FY 2021 enacted level and $150 million above the president’s budget request.
  • $400 million for the Choice Neighborhoods Initiative, double the FY 2021 enacted level and $215 million above the president’s budget request.
  • $352 million for Housing for Persons with Disabilities, an increase of $105 million above the FY 2021 enacted level and $60 million above the president’s budget request.
  • $100 million for Housing Counseling, an increase of $42.5 million above the FY 2021 level and $44.1 million above the president’s budget request.
  • $20 million for eviction prevention services, level with the FY 2021 enacted level and the president’s budget request.
  • $460 million for the Office of Lead Hazard Control and Healthy Homes, an increase of $100 million above the FY 2021 enacted level and $60 million above the president’s budget request.
  • $4 million for the U.S. Interagency Council on Homelessness.

USDA Rural Housing Program Funding

  • $30 billion in loan authority for Section 502 Singe-Family Guaranteed loans, up from $24 billion from FY 2021.
  • $1.5 billion in loan authority for Section 502 Direct loans, up $500 million from FY 2021.
  • $230 million for Section 538 Multifamily Guaranteed loans, level with FY 2021.
  • $40 million for Section 515 Multifamily Direct loans, even with FY 2021.
  • $1.45 billion for Section 521 Rental Assistance, up slightly from FY 2021.
  • $45 million for Section 542 Rural Housing Vouchers, up from $40 million in FY 2021.
  • $60 million for the Rental Preservation Demonstration program.