Among the changes is that “within 30 days of award of the capital advance, the Secretary of HUD shall delegate review and processing of such projects to a State or local housing agency that is in geographic proximity to the property; has demonstrated experience in and capacity for underwriting multifamily housing loans that provide housing and supportive services; may or may not be providing low-income housing tax credits in combination with the capital advance under this section; and agrees to issue a firm commitment within 12 months of delegation.”
It also includes a Project Rental Assistance Competitive Demonstration Program in “the Secretary shall carry out a demonstration program under this subsection to expand the supply of supportive housing for non-elderly adults with disabilities, under which the Secretary shall make funds available for project rental assistance.” For the demonstration projects HUD would not provide a capital advance.
This important legislation honors the memory of the late Frank Melville – the first chair of the Melville Charitable Trust. Since 1993, the Trust has been a leader in promoting and advancing the creation of permanent supportive housing across the nation.
To read the full text of the legislation click here.