Recap Advisors

Helping clients create, improve, sustain, and preserve affordable housing. Offering insightful advice, innovative transactions, and capital needs assessments.

[Recap Advisors @recap_advisors]

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.

[Recap Advisors @recap_advisors]

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!

[Recap Advisors @recap_advisors]

@HUD made a major change in their new Section 18 notice regarding TPVs.

Now, a PHA is eligible to receive TPVs for only 25% of the occupied units at the project, based on their improved efficiency or effectiveness.

[Recap Advisors @recap_advisors]

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.

[Recap Advisors @recap_advisors]

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.

https://t.co/y7mG49ePPI

[Recap Advisors @recap_advisors]

Shoutout to our Vice President, Nicole Wickliffe, HCCP, MRED, for giving her all to our clients!

#recappers #recapstaff

[Recap Advisors @recap_advisors]

Did you receive CARES Act funding? Check out this FAQ from HUD about the funds!

https://t.co/ErPR8oI7FR

[Recap Advisors @recap_advisors]

Curious about what's happening Opportunity Zones (OZ)?

Check out this map that shows the activity happening in OZs across the U.S.

https://t.co/9ITxSnk98F

[Recap Advisors @recap_advisors]

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.

https://t.co/5Dd4q04H0j

[Recap Advisors @recap_advisors]

Happy New Year from our team!

[Recap Advisors @recap_advisors]

Merry Christmas and Happy Holidays from our team!

[Recap Advisors @recap_advisors]

HUD's newest RAD blast summary is here! Here's what you need to know!

[Recap Advisors @recap_advisors]

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!

https://t.co/KFNI8IJtJv

[Recap Advisors @recap_advisors]

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.

[Recap Advisors @recap_advisors]

Happy Thanksgiving from the Recap Team! We hope everyone has a safe and restful holiday.

[Recap Advisors @recap_advisors]

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!

[Recap Advisors @recap_advisors]

We wish everyone a happy Veteran's Day and feel grateful for the men and women who have served!

[Archive: Ben Carson @SecretaryCarson]

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.

[Recap Advisors @recap_advisors]

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

[Recap Advisors @recap_advisors]

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.