09/21/2023 | Press release | Distributed by Public on 09/21/2023 10:40
Home» 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:
LeadingAge will work with our affordable senior housing provider members as congressional funding debates continue.