RD: Build America, Buy America Act (BABAA) Stakeholder Resources Available Online

On March 29, 2023, Rural Development’s Office of Multifamily Housing issued the following information: The Build America, Buy America Act, enacted as part of the Infrastructure Investment and Jobs Act (IIJA) on November 15, 2021, focuses on maximizing the federal government’s use of services, goods, products, and materials produced and offered in the United States.…

HUD Updates – 1) NSPIRE: Request for Comments on Proposed Scoring Notice; 2) Revisions to Chapter 9, Section 8 Renewal Policy Guidebook

CARH’S BROADCAST E-MAIL – Regulatory Alert March 28, 2023 1) NSPIRE: Request for Comments on Proposed Scoring Notice On March 28th, published a Federal Register Notice entitled, Request for Comments: National Standards for the Physical Inspection of Real Estate and Associated Protocols [NSPIRE], Proposed Scoring Notice.” According to information from HUD’s Asset Management Division: “HUD…

HUD Publishes Updated Guidance for Section 8 Project-Based Rental Assistance Contract Renewals

On March 27, 2023, HUD published a press release, notifying stakeholders that the Office of Multifamily Housing Programs released updated guidance for owners of properties participating in its Section 8 Project-Based Rental Assistance (PBRA) program. The changes in Chapter Nine of HUD’s Section 8 Renewal Policy Guidebook are designed to streamline the contract renewal process…

RD: Availability of Section 515 Rural Rental Housing Subsequent Loans Information Session Rescheduled to March 30, 2023

Rural Development’s Office of Multifamily Housing Stakeholder Information Session entitled, Availability of Section 515 Rural Rental Housing Subsequent Loans, scheduled for March 23, 2023 was rescheduled to March 30, 2023 at 2:00 p.m. Eastern. Click here to register. NOTE: If you had registered for the March 23rd session, you MUST re-register for the March 30th…

HUD: Bifurcation Housing Notice Posted on Drafting Table

On March 22, 2023 – HUD’s Multifamily Housing Asset Management sent out the following information: Multifamily Housing Partners, Today, in an effort to address complexities associated with Section 8 Project-based Rental Assistance (PBRA) Housing Assistance Payment (HAP) contract bifurcations, in which single HAP contracts are divided into two or more HAP contracts following HUD approval, the Office…

FY 2024 Proposed Budget Released—USDA’s Rural Housing Programs Again Targeted For Major Increases

CARH’s BROADCAST EMAIL—Legislative Alert March 17, 2023 On Thursday, March 9, 2023, the Biden Administration unveiled the blueprint for its proposed $6.8 trillion budget for Fiscal Year (FY) 2024. Details of the proposed budget were then released on Monday, March 13, 2023. The proposed budget would provide $668 billion in funding for non-defense programs, up…

HUD: Violence Against Women Act Memo

On March 17, 2023, HUD sent out the following “Office of Multifamily Housing Asset Management” alert: Multifamily Housing Partners, Multifamily has drafted a memorandum summarizing changes enacted to the Violence Against Women Act as part of The VAWA Reauthorization Act of 2022 (VAWA 2022). The memo identifies changes that are relevant to Multifamily stakeholders, identifying…

January/February 2023 Edition of CARH News

CARH’S BROADCAST E-MAIL – CARH News March 14, 2023 The January/February 2023 edition of CARH News, CARH’s bimonthly electronic newsletter, is now available online on CARH’s website, www.carh.org, or by clicking here. In this issue, you will find: CARH Midyear Meting Summary CARH Scholarships Increased for 2023 Recipients Board of Directors Review Committee Recommendations Counsel’s…