What If: Multifamily Housing Under a HUD Shutdown

LeadingAge has developed a resource to help the Department of Housing and Urban Development (HUD)-assisted multifamily housing providers get ready for-and make it through-a potential lapse in HUD funding and operations. HUD has updated its Fiscal Year 2023 "contingency plan," a document produced by every federal agency detailing how it will and will not function during a government shutdown.

Fiscal Year 2024 begins on October 1, 2023; if members of Congress cannot reach an agreement to keep federal programs funded, there may be a temporary lapse in appropriations-also called a "shutdown." Many actions critical for HUD multifamily housing programs would be impacted by a lapse in funding for HUD, including routine asset management processing, funding, grants, fair housing, REAC inspections, and more. The LeadingAge member-only resource outlines:

• General HUD Staffing Updates during a Lapse in Appropriations
• HUD Operations During a Lapse in Appropriations
• Summary of Multifamily Housing activities that will CONTINUE during a lapse in funding
• Summary of Multifamily Housing activities that will CEASE during a lapse
• Actions Housing Providers Can/Should Take
• Any length of shutdown is detrimental to HUD-assisted housing because it can delay approvals for funding and result in HUD operational disruptions that can take housing communities and the agency months to recover from.

LeadingAge will work with our affordable senior housing provider members as congressional funding debates continue.