BROADCAST EMAIL – Regulatory Update Attendees at CARH’s recent Midyear Meeting learned from agency officials during the “One-on-One with the Regulators” session that Rural Development (RD) planned to hold a forum with stakeholders to discuss the changes to the Section 538 Guaranteed Rural Rental Housing Program’s Initial and Annual Guarantee fees (see Final Rule published…
On January 19, 2021, Nixon Peabody, LLP issued an Affordable Housing Alert entitled, “IRS extends many deadlines relevant to Section 42 and affordable housing” by Forrest Milder, Esq.
On January 19, 2021, the Department of Treasury issued Frequently Asked Questions on Emergency Rental Assistance providing guidance on the $25 billion Emergency Rental Assistance (ERA) program enacted under the Consolidated Appropriations Act of 2021.c For more information on the Emergency Rental Assistance Program, click here.
CARH Broadcast Email—Legislative Update On January 14, President-elect Biden announced a $1.9 trillion COVID-19 relief and economic rescue package entitled, American Rescue Plan – Emergency Legislative Package to Fund Vaccinations, Provide Immediate, Direct Relief to Families Bearing the Brunt of the COVID-19 Crisis, and Support Struggling Communities. There are three major components to the proposal:…
Emergency Rental Assistance Program information published. January 6, 2020. The Emergency Rental Assistance program makes available $25 billion to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic. The funds are provided directly to States, U.S. Territories, local governments, and Indian tribes. Grantees use the funds to provide assistance…
The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The Plans became effective January 1, 2021. FHFA issued a final rule in 2016 that implemented the DTS provisions as mandated by the Housing and Economic Recovery Act of…