HUD releases nearly $150M in supplemental COVID aid – DSNews

HUD releases nearly 0M in supplemental COVID aid – DSNews

HUD releases nearly $150M in supplemental COVID aid – DSNews

HUD releases nearly 0M in supplemental COVID aid – DSNewsThe US Department of Housing and Urban Development (HUD) Office of Multifamily Housing Programs has opened a new application period for COVID-19 Supplemental Payment (CSP) funding to owners of multi-family properties participating in supportive housing programs. Provides an opportunity to apply for more. $148 million in supplemental operating funding to support expenses related to protecting residents and employees from COVID-19.

HUD’s Office of the Multifamily Housing Program Responsible for the overall management, development, direction and administration of HUD’s multifamily housing programs.

owners of participating properties HUD Section 202 Housing for the elderly with low and very low incomes, Section 811 Housing for persons with disabilities in low and very low incomeAnd Section 8 Project Based Rent Assistance Program Eligible to receive reimbursement from this pool of funds for eligible expenses incurred from March 27, 2020 to January 31, 2023. The last date of application is February 21, 2023.

COVID-19 Supplemental Payment (CSP) Funds were allocated by Congress under Coronavirus Aid, Relief and Economic Security Act (CARES Act), CSP funds help address the increase in operating costs by fund owners to prevent, prepare for or respond to COVID-19 on their properties. These payments complement rental assistance financing. From July 2020 to September 2021, HUD’s Office of Multifamily Housing Programs has distributed $65 million in CSP to owners of properties participating in the Multifamily Assisted Housing Programs.

“We encourage property owners to make full use of these funds to help protect HUD-aided residents from COVID-19,” said Ethan Handelman, HUD Deputy Assistant Secretary for Multifamily Housing, “Reimbursement is available for capital improvements, such as ventilation systems and broadband installations, as well as exceptional operating costs properties have experienced, to help vulnerable residents in multi-assisted housing properties during the pandemic.”

HUD’s latest round of funding applications to owners for reimbursement of eligible expenses incurred for four previously announced operating periods, from March 27, 2020 to October 31, 2021, and for the new operating period announced from November 1, 2021 to January will allow submission. 31, 2023. HUD expands the current list of eligible expenses to include reimbursement for resident training on the use of technology to access online property management portals and ancillary services, and costs to augment outdoor seating areas to facilitate gatherings has done.

HUD has also extended the deadline for delivery and installation of equipment classified under eligible capital expenditure, and provided additional details on allowable Internet infrastructure costs and reimbursement for emergency generator purchase eligibility.

Published last September, HUD Housing Information 2021-5“Continuous availability of funds for COVID-19 supplementary payment (CSP) for properties receiving project-based rent assistance under Section 8, Section 202 or Section 811 programmes.”

Note that HUD does not anticipate providing future CSP funding after this round.

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