Recap Advisors
@recap_advisors
Helping clients create, improve, sustain, and preserve affordable housing. Offering insightful advice, innovative transactions, and capital needs assessments.
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Did you know that if you are proposing demolition or disposition, you must include that in your PHA Annual Plan, Significant Amendment, or MTW Annual Plan? The demo/dispo must also be discusses at a public hearing.
The Biden admin sent a proposed budget to Congress last Friday that allocated $69 Billion towards public housing. That's a 15% increase from the year before. This could be a great tool for the Public Housing crisis, depending on what congress decides to do!
Have you considered "phasing" your PHA's Section 18 deal? When submitting a Section 18 Application, a PHA may submit their SAC applications through a "phased" method. This allows the buildings that are later in the conversion process to remain eligible for Operating Funds.
Yesterday, Representative Marcia Fudge was appointed as the Secretary of HUD. She is the first black woman to lead HUD since 1977 (over 40 years)! You can read the official Press Release Below. hud.gov/about/leadersh…
Shoutout to our Vice President, Nicole Wickliffe, HCCP, MRED, for giving her all to our clients! #recappers #recapstaff
Did you receive CARES Act funding? Check out this FAQ from HUD about the funds! hud.gov/sites/dfiles/P…
Curious about what's happening Opportunity Zones (OZ)? Check out this map that shows the activity happening in OZs across the U.S. eig.org/oz-activity-map
Did you know HUD implemented Opportunity Zones through the Tax Cuts and Job Act of 2017 with the intention to drive investments and provide opportunity in low-income areas. The video below gives a brief but thorough explanation of Opportunity Zones. youtube.com/watch?v=JpZPjW…
youtube.com
YouTube
How do Opportunity Zones work?
HUD's newest RAD blast summary is here! Here's what you need to know!
We're hosting our third virtual RAD for PRAC training on January 26th & 27th & would love for you to join us! Our PRAC team has been working on multiple deals and will be bringing their real-world experience to this training! attendee.gotowebinar.com/register/59327…
The US Department of Housing and Urban Development 's latest RAD Blast is here! HUD released Housing Notice H-2020-11, which opens up a second application period for the CARES Act funding. Requests for funding are due by December 11.
Happy Thanksgiving from the Recap Team! We hope everyone has a safe and restful holiday.
Resident relocation is always a hot topic when we host RIN meetings for clients. RAD prioritizes the resident's and gives them specific protections. According to @HUDgov, 90% of public housing residents remained in or returned to their properties following a RAD conversion!
We wish everyone a happy Veteran's Day and feel grateful for the men and women who have served!
The old saying “America will only remain the land of the free so long as she is the home of the brave” rings true to this day and nobody embodies that spirit of bravery more than our veteran community. Happy Veterans Day to the men and women who make our Nation stronger.
HUD's CNA e-tool Version 3.0 is officially live! This a huge step forward for the Capital Needs Process and we are excited to utilize this new program in our RAD conversions. #cna #etool #HUD
Did you know? HUD has recently replaced the term "disabled person" to "person with disabilities" or "person with a disability" through an Amendment to the HOTMA Act of 2016.
It critical to ensure that everyone's voice be heard in this election. Empower your residents to vote today! Here's a link with how to register to vote in each state! usa.gov/register-to-vo…
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