On May 20, 2020, the Office of the Comptroller of the Currency released a press release that included the final rule on CRA regulations as well as a list of CRA qualifying activities. CARH commented on the original proposed rule and will analyze the final rule. This will be a topic of discussion at CARH’s 2020…
CARH’s BROADCAST EMAIL – Legislative Update On May 13, 2020, H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, was introduced in the U.S. House of Representatives. The legislation, if enacted into law, would provide an additional $3 trillion in stimulus funding to state and local governments, individuals, and businesses as COVID-19…
CARH’S BROADCAST E-MAIL – CARH News The March/April 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: The Paycheck Protection Program and Rural Housing Providers CARES Act…
USDA Rural Development Issues Frequently Asked Questions for Multi-Family Housing Tenants (May 6, 2020)
USDA Rural Development Issues Frequently Asked Questions for Multi-Family Housing Tenants (May 6, 2020)
USDA Implements Immediate Measures to Help Rural Residents, Businesses and Communities Affected by COVID-19
On April 16, 2020, CARH sent a letter to the IRS and Department of Treasury requesting that the IRS and Treasury provide urgent relief from certain technical requirements applicable to Housing Credit properties due to the realities owners, developers, and tenants of these properties face because of the COVID-19 pandemic.
April 19, 2020 — The Hill Treasury Secretary, Democratic Leaders ‘hopeful’ for Agreement on Coronavirus Package April 17, 2020 — Senator Tina Smith US Senator Tina Smith Leads 16 Colleagues in Bipartisan Push For Rural Housing Assistance Amid Economic Fallout from Pandemic
From Rural Development: Multifamily Housing (MFH) has prepared Section 538 forbearance guidance on Section 4023 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Pub.L. 116-136). In addition to the attached letter to lenders explaining how the CARES Act applies to the Guaranteed Rural Rental Housing Program, the two attached sample documents may be…
Due to school closings and delays surrounding COVID-19, the CARH Scholarship Foundation has extended the deadline for accepting scholarship applications to June 15, 2020. If you have not already done so, please contact your on-site property managers to let them know about the CARH Scholarships so that they can safely encourage their residents to apply…