Department of Housing and Urban Development

Description

TRN is designed to facilitate preservation of projects with Section 8 Project Based Rental Assistance at-risk of loss. TRN considers projects at-risk upon occurrence of one of the following events: an FHA insured or Direct mortgage maturity date within 24 months of the publication of the NOFA; an owner election to Opt-Out filed no more than 12 months prior to publication of the NOFA; a notice of prepayment filed no more than 12 months prior to publication of the NOFA; or the receipt of two consecutive Below 60 REAC scores (not yet under abatement), with the most recent score issued no more than 12 months prior to the publication of the NOFA. The program is intended to be one more tool to assist both owners and the Department in identifying potential preservation strategies or, in the event preservation is not feasible, to ensure that tenants are fully informed regarding available protections such as the provision of tenant protection Housing Choice Vouchers. The program will enhance the Department’s partnership with owners by providing an additional perspective on how preservation may be achieved, and will allow owners to make more fully informed decisions regarding continued participation in Multifamily programs. TRN is part of the Department’s strategy to meet the need for quality affordable rental homes through preservation of federally assisted housing. TRN-eligible properties are identified as high risk of losing their project-based rental assistance, or where tenants’ access to rental subsidy may be at risk. TRN is specifically targeting Combined Metropolitan Statistical areas with the largest numbers of TRN-eligible units, and will provide additional award funds to applicants working in these communities that are disproportionately impacted by the potential loss of assisted housing.

Who can apply

• Others

Contact

Claire Trivedi at (202) 708-3000
Claire.Trivedi@hud.gov