HUD Withdraws Affirmatively Furthering Fair Housing and Reducing Barriers to HUD-Assisted Housing Proposed Rules

CARH’S BROADCAST E-MAIL – Regulatory Alert January 16, 2025 In today’s Federal Register, the Department of Housing and Urban Development (HUD) published two notices (Affirmatively Furthering Fair Housing, Withdrawal (FR-6250-N-03) and Reducing Barriers to HUD-Assisted Housing, Withdrawal (FR-6362-N-02)) announcing the withdrawal of the following proposed rules: Affirmatively Furthering Fair Housing Published in the Federal Register…

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HUD Publishes Two Mortgagee Letters: Creating a Middle Income Housing Option and Multifamily Changes in Debt Service Coverage Ratios and Loan to Value/Loan to Cost Ratios

On January 8, 2025, HUD’s Office of Multifamily Housing sent out the following information: The Office of Multifamily Housing Programs published two Mortgagee Letters updating the Federal Housing Administration’s (FHA’s) Multifamily Housing Programs’ underwriting standards and guidelines. Creating a Middle Income Housing Options for 221(d)(4) Mortgagee Letter, creates a new set of underwriting thresholds for Middle…

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Multifamily Housing Partnership Update Meeting – January 16, 2025

On January 7, 2025, RD’s Office of Multifamily Housing sent out the following Stakeholder Announcement: Multifamily Housing Partnership Update Meeting January 16, 2025, 3:00 – 4:00 PM Eastern Time (US and Canada) Washington D.C., January 07, 2025 – Please join us at the USDA Rural Development Multifamily Housing (MFH) Fiscal Year 2025, 2nd Quarter, Partnership…

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Final Rule: Program Updates to the Credit Report Process for Section 515/514/516

Rural Development sent out the following Multifamily Housing Stakeholder Announcement: Washington D.C., December 31, 2024 – The Rural Housing Service (RHS) Office of Multifamily Housing (MFH) published a final rule in the Federal Register December 31, 2024, with an effective date of January 30, 2025 (Federal Register/Vol. 89, No. 250).  This regulatory update amends the…

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Rural Development Multifamily Housing Section 538 Federal Register Notice

CARH’S BROADCAST E-MAIL – Regulatory Alert December 20, 2024 In today’s Federal Register, USDA’s Rural Housing Service (RHS) published a Notice entitled, Loan Guarantees Under the Section 538 Guaranteed Rural Rental Housing Program. The Notice provides updates in the process for lender application submissions regarding proposed properties for the Section 538 Guaranteed Rural Rental Housing…

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HUD Establishes Certain Operating Cost Adjustment Factors for 2025

CARH’S BROADCAST E-MAIL – Regulatory Update December 19, 2024 On December 11, the Department of Housing & Urban Development published a Federal Register 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…

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CARH Midyear Meeting – Hotel Discounted Group Rate and Discounted Registration Ends January 2, 2025

BROADCAST E-MAIL – Midyear Meeting December 18, 2024 CARH’s 2025 Midyear Meeting scheduled for January 27-29 at The Ritz-Carlton, Bacara in Santa Barbara, California is fast approaching. The Meeting Brochure, which includes the full agenda and a partial list of featured speakers, can be viewed and downloaded by clicking here. With holiday celebrations happening over…

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HUD: Environmental Reporting Requirements for Covered Transactions Notice Publishes

On December 17, 2024, HUD’s Office of Multifamily Housing sent out the following information: The Office of Multifamily Housing Programs published an Environmental Reporting Requirements for Covered Transactions Notice. This notice summarizes and clarifies existing environmental reporting and review requirements for five common asset management preservation transactions: Section 8(bb) transfers; Transfers of rental assistance with HUD-held…

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