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…
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…
On December 1, 2022, HUD released a statement announcing that it intends to base its Fiscal Year (FY) 2023 median family income (MFI) estimates and income limits on data from the 2021 American Community Survey (ACS). This is because of the Census Bureau’s decision to not release standard one-year estimates from the 2020 ACS. HUD…
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…
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…
SCHOLARSHIP FOUNDATION: November 23, 2022 GIVING TUESDAY – CARH Scholarship Foundation November 29th is Giving Tuesday! Giving Tuesday was created in 2012 as a simple idea: a day to encourage people to do good. This year on Giving Tuesday, please think about donating to the CARH Scholarship Fund (a 501(c)3 tax-exempt organization). Click here for…
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…
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…
CARH BROADCAST E-MAIL – Midyear Meeting Update November 17, 2022 CARH’s 2023 Midyear Meeting is quickly approaching! The meeting will be held January 23-25 at the Cheeca Lodge & Spa in Islamorada, Florida. Click here to read our November 4th Broadcast Email announcing the meeting. To take advantage of “early bird” registration discounts, submit your…
CARH’S BROADCAST E-MAIL – Regulatory Update November 16, 2023 In yesterday’s Federal Register, the Department of Housing & Urban Development published a Notice that establishes operating cost adjustment factors (OCAFs) for project-based assistance contracts issued under Section 8 of the United States Housing Act of 1937 and renewed under the Multifamily Assisted Housing Reform and…