Publisher's Synopsis
The scope of the U.S. Department of Housing & Urban Development (HUD) includes a variety of programs, including Federal Housing Administration (FHA) insurance, affordable housing assistance, community development grants, secondary market support, and fair housing oversight. Since its creation in 1965, HUD has been a vehicle for addressing the most important domestic crises, whether they be natural disasters, human-engineered financial instability, or other challenges, and has been a critical source of financing in times of economic distress.
Navigating HUD Programs provides a guide to working with this crucial agency, and this second edition includes new chapters and numerous updates to cover changes since the first edition. These changes include the growth of the FHA PILOT program to accommodate Low Income Housing Tax Credit (LIHTC) tax and transaction requirements, which has become standard, and the FHA Insured Lending guide known as the MAP Guide, which was overhauled to incorporate it. Rental Assistance Demonstration (RAD) evolved from an unshaped hope of reform to a program that changed the face and future of public housing and refinanced "orphan" rental assistance programs such as 236, Moderate Rehabilitation, Rent Supplement, and Flexible Subsidy, and introduced the power to finance rehabilitations for 202 elderly projects with year-to-year Project Rental Assistance Contracts (PRACs). This second edition has new chapters to address these material changes.
