In January, the Biden Administration announced a nonbinding White House Blueprint for a Renters Bill of Rights. Since this announcement, various several federal agencies have pursued actions to carry out the goals set forth within the Blueprint. The Federal Housing Finance Agency (FHFA) is the latest agency to act in this space—they have issued a…
On July 27, 2023, HUD’s Office of Multifamily Housing Programs sent out the following information: Today, HUD published a Supplement to the RAD Notice, which makes discrete changes to the RAD Notice. Among other changes, this Supplement implements additional budget authority and additional flexibilities to augment initial contracts rents for Section 202 PRAC conversions; strengthens…
Rural Housing Services’ Multifamily Housing Production and Preservation Division sent out the following information on July 27, 2023: For customer awareness and transaction planning, Rural Development’s Office of Multifamily Housing’s Production and Preservation (P2) Division, is announcing its 2023 calendar year-end closing schedule. Owners and applicants intending to close a transaction on or before December…