HUD has issued guidance on the following topics:
Using NSP funds to establish reserves for operating deficits for rental housing developments by requesting an Exception from the HUD Field Office;
Allowing subrecipients, consortium members and public non-profits to charge a “reasonable fee” of 3% to cover overhead expenses; and
Permitting Combined Loan to Value (CLTV) ratios over 100% in combination with a conventional first mortgage.
View the guidance here