Rural Development Office of Multifamily Housing Announces Simple Transfer Pilot Program

December 9, 2022 Rural Development’s Office of Multifamily Housing sent out the following information: Multifamily Housing (MFH) has developed a pilot program for simple transfers under authority in Section 506(b) of the Housing Act of 1949, as amended (42 U.S.C. §1476(b)). The purpose of the pilot program is to reduce application requirements for certain types…

2023 Interim Recertification Requirements for Rural Development Tenants – UPDATE

RD’s Office of Multifamily Housing released the following information on December 8, 2022. (Also see CARH’s Broadcast Email of November 17, 2022):   Multifamily Stakeholders, On October 13, 2022, the Social Security Administration announced an 8.7% increase in Social Security and Supplemental Security Income (SSI) benefits for 2023.  They estimated that this adjustment will result…

DelBene, Wenstrup Lead Bipartisan Affordable Housing Expansion Push in Year-End Legislation

November 28, 2022 Today, Representatives Suzan DelBene (WA-01) and Brad Wenstrup (OH-02) led 54 members of Congress urging House leadership to address the nation’s growing affordable housing shortage. In a letter, the lawmakers requested provisions that would strengthen and expand the Housing Credit be included in a potential year-end legislative package to increase affordable housing production…

Final Reminder that “Early Bird” Registration Discounts End this Sunday, November 27 – Registration Fees Rise November 28th

CARH BROADCAST E-MAIL – Midyear Meeting Update  November 23, 2022 “Early Bird” registration discounts will end Sunday, November 27, for CARH’s 2023 Midyear Meeting to be held January 23-25 at the Cheeca Lodge & Spa in Islamorada Florida. To take advantage of these lowest registration fees, submit your registration form and payment to the CARH…

HUD Clears the Queue

November 17, 2022 HUD’s Office of Multifamily Housing sent out the following information: Today we are pleased to announce that FHA’s Multifamily mortgage insurance programs insured 1,078 mortgages for multifamily properties in fiscal year 2022, its second highest volume by dollar amount, at $21.1 billion of unpaid principal balance, and slightly below its record fiscal…

Rural Development Multifamily Housing Temporary Exception to Tenant Recertification Requirements

CARH’S BROADCAST E-MAIL – Regulatory Update November 17, 2022 Rural Development posted a recent Unnumbered Letter entitled, Multifamily Housing Temporary Exception to Tenant Recertification Requirements. Specifically, the Agency is waiving the recertification requirements for tenants whose household income, regardless of income type, has increased by more than $100 but less then $200. This is a…