HUD-Qualified Housing
Low Income Housing Tax Credit (LIHTC)
these properties, which are designated as "HUD-Qualified Housing," as well as those funded with the Low Income Housing Tax Credit (LIHTC) have sufficient income verification and rent controls to essentially prequalify them for the income and rent restrictions of the DOE's WAP program.
The WAP program requires that the households assisted have incomes no greater than two times the federal poverty level. In addition, when the funds are used in multifamily buildings, there must be sufficient controls to assure that WAP funded improvements are not used by owners to unduly raise rents and burden the low income people the program is intended to benefit.
Specifically, the MOU states that DOE will accept HUD's and the LIHTC program's beneficiary income eligibility determination and ongoing verification for the Weatherization Assistance Program (WAP).
To facilitate this, HUD will give DOE a list of "HUD-Qualified Housing" and LIHTC projects, and within 60 days HUD and DOE will provide joint guidance to states for evaluating income eligibility in order to implement the MOU. The agencies will also organize joint forums to educate stakeholders.
The American Reinvestment and Recovery Act (ARRA) provided $16 billion to DOE and HUD to improve the energy efficiency of existing homes. The Weatherization Assistance Program, which has been funded in recent years at roughly $250 million, received an additional $5 billion in ARRA. Similarly, HUD received $4.5 billion in new funding to renovate and upgrade public housing and $250 million to retrofit the privately owned, federally assisted housing.
The MOU is at www.hud.gov/recovery/doemoucombined.pdf