On January 19, 2021, Nixon Peabody, LLP issued an Affordable Housing Alert entitled, “IRS extends many deadlines relevant to Section 42 and affordable housing” by Forrest Milder, Esq.
On January 19, 2021, the Department of Treasury issued Frequently Asked Questions on Emergency Rental Assistance providing guidance on the $25 billion Emergency Rental Assistance (ERA) program enacted under the Consolidated Appropriations Act of 2021.c For more information on the Emergency Rental Assistance Program, click here.
CARH Broadcast Email—Legislative Update On January 14, President-elect Biden announced a $1.9 trillion COVID-19 relief and economic rescue package entitled, American Rescue Plan – Emergency Legislative Package to Fund Vaccinations, Provide Immediate, Direct Relief to Families Bearing the Brunt of the COVID-19 Crisis, and Support Struggling Communities. There are three major components to the proposal:…
Emergency Rental Assistance Program information published. January 6, 2020. The Emergency Rental Assistance program makes available $25 billion to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic. The funds are provided directly to States, U.S. Territories, local governments, and Indian tribes. Grantees use the funds to provide assistance…
The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The Plans became effective January 1, 2021. FHFA issued a final rule in 2016 that implemented the DTS provisions as mandated by the Housing and Economic Recovery Act of…
CARH Broadcast Email—Legislative Update December 29, 2020. Updated December 31, 2020 On Sunday, December 27th, President Trump signed into the law H.R. 133, the $1.4 trillion Emergency Coronavirus Legislation and Omnibus Appropriations bill. As was reported in CARH’s Broadcast Email of December 21, 2020, the bill will provide roughly $900 billion in coronavirus relief aid,…
Article by CARH’s General Counsel, Nixon Peabody, LLP COVID-19 Stimulus Package/Omnibus FY 2021 Federal Budget: What’s in it for Housing? (December 22, 2020)
CARH Broadcast Email—Legislative Update On Sunday, December 20, 2020, Congressional leaders reached a last-minute deal on a $1.4 trillion bill that would fund the government for the remainder of Fiscal Year 2021 (through September 30, 2021) and provide roughly $900 billion in coronavirus relief aid. The House and Senate also passed a one-day stopgap bill…
CARH’S BROADCAST E-MAIL – CARH News The November/December 2020 digital edition of CARH News, the Council for Affordable and Rural Housing’s (CARH) bimonthly digital newsletter, is now available online on CARH’s website, www.carh.org, or for viewing by clicking here. In this issue, you will find: RD Transition – Who is Doing What A Cybersecurity Checklist…
RD’s Office of Multifamily Housing shared the following information on December 17, 2020: On October 11, 2020, Rural Development’s Office of Multifamily Housing structural realignment was finalized which, in some cases, redistributed the existing portfolio to a servicing Specialist within our new Field Operations Division. Nancie-Ann Bodell, Deputy Administrator for MFH, along with her leadership…