HUD Publishes Guidance on Environmental Reporting Requirements for Covered Transactions

By: Andrew Van Horn, Policy and Research Advisor

On December 17, HUD’s Office of Housing published Notice H-2024-10, “Environmental Reporting Requirements for Covered Transactions.” The notice provides guidance on the submission of environmental reviews and applies to the following five types of transactions:

“A. Section 8(bb) Transfers of Budget Authority (“Section 8(bb) Transfers”);

B. Transfers of Rental Assistance with HUD Held or Insured Debt and/or Use Restrictions (“Section 209 Transfers”);

C. Transfers of RAD PBRA Rental Assistance (“RAD Transfers”);

D. Demolition and New Construction of RAD PBRA Covered Projects Post-Conversion (“RAD Demolition and New Construction”); and

E. Section 8 Renewals with Capital Repair (“Chapter 15 Renewals”).”

The notice establishes a 90-day window for owners to submit environmental reports via the HUD Environmental Review Online System (HEROS). It also describes the following:  choice-limiting actions, HUD’s authority to re-evaluate previously approved environmental reviews, submission requirements for projects with multiple funding streams, levels of review, review criteria, and submissions processes.

For more information, see Notice H-2024-10 and the January edition of The NAHRO Monitor.