HUD Multifamily Housing sent out the following information: Multifamily Owners & Agents, HUD Seeks Feedback on Section 811 and Section 202 RAD Conversions The Consolidated Appropriations Act of 2022 authorized the conversion of properties assisted under HUD’s Multifamily Section 811 Assisted Housing Program for persons with disabilities through the Rental Assistance Demonstration (RAD). HUD is…
CARH’S BROADCAST E-MAIL – CARH News The September/October 2022 edition of CARH News, the Council for Affordable and Rural Housing’s (CARH) bimonthly electronic newsletter, is now available online on CARH’s website, www.carh.org, or for viewing by clicking here. In this issue, you will find: Announcement and registration information for CARH’s 2023 January Midyear Meeting A…
On October 28, 2022, Rural Development issued the following Stakeholder Announcement: Department to Host Virtual Listening Sessions on Nov. 3 and 4 WASHINGTON, Oct. 28, 2022 – U.S. Department of Agriculture (USDA) Rural Development Under Secretary Xochitl Torres Small today announced that USDA is seeking public input on how to use Inflation Reduction Act funding…
CARH’S BROADCAST E-MAIL – Regulatory Update Please see the following information issued by Rural Development’s (RD) Office of Multifamily Housing regarding interim recertification requirements for tenants: On October 13, 2022, the Social Security Administration announced there will be an 8.7% increase in Social Security and Supplemental Security Income (SSI) benefits in 2023. The 8.7% cost-of-living…
USDA Press Release: Biden-Harris Administration Provides $759 Million to Bring High-Speed Internet Access to Communities Across Rural America
CARH’S BROADCAST E-MAIL – Regulatory Update In today’s Federal Register, HUD published a Notice entitled, “Statutorily Mandated Designation of Difficult Development Areas and Qualified Census Tracts for 2023” for purposes of the low-income housing tax credit (Housing Credit). Housing Credit developments in Designation of Difficult Development Areas (DDAs) or Qualified Census Tracts (QCTs) are eligible…
With the release of two Revenue Procedures, the IRS sets the per-capita multiplier for nine percent LIHTCs ($2.75) and the small state minimum ($3,185,000), as well as the private bond multiplier ($120) and the small state minimum ($358,845,000) (Revenue Procedure 2022-38). The increases, which are tied to inflation, represent some of the highest amounts for…
On October 13, RD’s Office of Multifamily Housing sent our the following information: On September 29, 2022, Rural Development Multifamily Housing leadership held a meeting providing a quarterly update to our external partners. The update included information about emergency management notifications, annual financial reports, preservation strategy for 515 portfolio, and lots of other pertinent…
CARH’S BROADCAST E-MAIL – Regulatory Update Today, the White House released a Statement announcing progress the Administration has made in its Housing Supply Action Plan accounted in May. Specifically, the statement announced several new steps the Administration believes will reduce barriers to affordable housing construction and preservation, and will make it easier to build affordable…
On September 28, 2022, Rural Development held a Stakeholder Listening Session entitled, MFH Transfers and Proposed Simple Transfer Pilot Program. Click here for a copy of the PowerPoint used by RD in that session.