CARH’S BROADCAST E-MAIL – Regulatory Alert
October 23, 2024
In today’s Federal Register, USDA’s Rural Housing Service published a Correction Notice entitled, Notice of Funds Availability (NOFA) for the Multifamily Housing Preservation and Revitalization Demonstration Program (MPR) and for Section 515 Subsequent Loans for Preservation Activities for the Fiscal Year (FY) 2024; Correction.
According to a corresponding Multifamily Housing Stakeholder Announcement (also posted on CARH’s website), today’s Notice corrects erroneous dates in the eligibility and scoring criteria sections of the original NOFA published September 27, 2024. The new document corrects the mortgage maturity date and the existing MPR Debt deferral expiration date from January 1, 2027, to January 1, 2028.
The Agency strongly recommends interested and affected parties to file the September 27, 2024, and October 23, 2024, notices together to ensure the information in both notices are easily accessible.
CARH’s Broadcast Email on the September 27, 2024, NOFA can be found here.
Should you have questions or concerns, please contact the CARH national office at carh@carh.org or 703-837-9001. For other news and information affecting the affordable rural housing industry, please visit the Newsroom on CARH’s website, www.carh.org.