CARH’S BROADCAST E-MAIL – Regulatory Update August 7, 2024 In preparation for the upcoming 2025 proposed budget submissions, on August 5th Rural Development issued a Stakeholder Announcement sharing a proposed budget training for stakeholders that focused on Form RD 3560-7. As you know, proposed budget submissions are due 90 days prior to start of the…
On August 6, 2024, HUD’s Office of Multifamily Housing published the following information: Today, the Office of Multifamily Housing Programs, published the Disbursing Multifamily Mortgage Proceeds: Permitting Mortgagees to Disburse Mortgage Proceeds with Mortgagor-Provided Funds proposed rule in the Federal Register for public comment to modernize regulation in 24 CFR § 200.54(b). The deadline for public comment…
CARH’s BROADCAST EMAIL—Legislative Alert August 2, 2024 On August 1, Senators Jerry Moran (R-KS) and Mark Warner (D-VA) introduced legislation (S. 4933) to amend the Internal Revenue Code to clarify that the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac are able to participate in partnerships that are crucial for low-income housing investments. Companion…
BROADCAST EMAIL – Regulatory Update July 25, 2024 On July 19th, Rural Development (RD) published Procedural Notice (PN) 619 announcing management fees for Fiscal Year (FY) 2025. Management fees vary from state-to-state as RD based this year’s increase on HUD’s Operating Cost Adjustment Factor (OCAF) which varies based on location in the country and is…
On July 22, 2024, a broad coalition of housing providers and lenders released a letter to President Biden opposing the recent proposal to cap rents nationwide. Rent control policies have proven time and again to increase rents, reduce the capital needed to boost the supply of housing, and ultimately hurt renters today and in the future.…
On July 17, 2024, HUD’s Office of Multifamily HOusing sent out the following information: HUD’s Office of Multifamily Housing Programs has launched a new video, as part of its series of recordings to help owners of HUD-assisted multifamily housing properties as well as other stakeholders better understand a new tax credit program that can help fund 50% of…
On July 12, 2024, the Federal Housing Finance Agency (FHFA) sent out the following information: (Click here to link News Release) Tenant protections will be included in new multifamily loan agreements beginning in February 2025 IMMEDIATE RELEASE 07/12/2024 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced a set of required tenant protections for…
On July 1, 2024, the Community Development Financial Institutions Fund issued the following information on CDFI Funds’ Impact Blog: Enhancing Impact: Innovative Improvements to Capital Magnet Fund Program Regulations
On July 1, 2024, HUD’s Office of Multifamily Housing Programs sent out the following information: The Multifamily Accelerated Processing (MAP) Guide is designed to establish uniform national standards for approved Lenders to prepare, process and submit loan applications for Federal Housing Administration (FHA) multifamily mortgage insurance. Today, the Office of Multifamily Housing Programs is seeking…
CARH’s BROADCAST EMAIL—Legislative Alert June 19, 2024 On June 11, the House Agriculture, Rural Development, Food and Drug Administration and Related Agencies Appropriations Subcommittee marked-up the Fiscal Year (FY) 2025 funding proposal for USDA. The full Committee will not mark-up this bill until after the July 4th recess. As you can see from the attached…