On March 1, 2024, HUD sent out the following information: This video series is intended for owners and management agents of HUD-assisted and/or insured multifamily properties, particularly those whose properties have converted through the Rental Assistance Demonstration (RAD) Program and are now under the jurisdiction of HUD’s Office of Asset Management and Portfolio Oversight (OAMPO).…
CARH’S BROADCAST E-MAIL – Regulatory Update March 1, 2024 1) Existing Policy on Non-Rent Fees for Subsidized Multifamily Housing Programs Posted to Drafting Table On February 29, HUD’s Office of Multifamily Housing Programs issued the following information: This guidance provides a summary of existing policy regarding the fees that owners of HUD-subsidized multifamily properties are…
RD issued the following Stakeholder Announcement on February 28, 2024: USDA Rural Development is seeking participants for a Lender Forum to better understand the data and tools needed by participating lenders, purchasers of guaranteed loans and other stakeholders on the OneRD Guarantee website. Space in the forum will be limited please register at the link…
On February 28, 2024, RD sent out the following Stakeholder Announcement: USDA Rural Development invites current or prospective OneRD Guarantee lenders to join program leadership for office hours on March 13, 2024 from 11:00 AM – 12:30 PM Eastern Time. OneRD Guarantee leadership from the Business and Industry, Community Facilities, Rural Energy for America Program…
The following information was sent from HUD on February 27, 2024: Good afternoon, Some recipients of the RADblast! published on Tuesday, February 27, have experienced difficulties accessing the link to the registration for the “Capital Needs Assessment eTool (CNA eTool) Walkthrough and Updates for RAD Participants.” The session is scheduled for February 29, 2024 from…
On February 22, 2024, Rural Development sent out the following Stakeholder Announcement: The Rural Housing Service is pleased to announce the Fiscal Year (FY) 2023 Multi-Family Housing (MFH) Annual Occupancy Report. The report provides the annual statistical data regarding the characteristics of occupancy in Section 515 Rural Rental Housing (RRH) and Section 514 Farm Labor…
CARH’S BROADCAST E-MAIL – Regulatory Update February 22, 2024 The Rural Housing Service (RHS) issued the following Stakeholder Announcement yesterday regarding set-aside unit preferences at Multifamily Housing properties. In the past, when owners wanted to include a set aside preference in a property, an individual waiver request was required. The change outlined in the announcement…
On February 21, 2024, Rural Development sent out the following Stakeholder Announcement: The Rural Housing Service (RHS) Office of Multifamily Housing (MFH) published a proposed rule on Monday, January 8, 2024 (Federal Register Vol. 89 No. 5) to amend the current regulation for smoke alarm requirements in MFH properties. On December 29, 2022, President…
CARH’s BROADCAST EMAIL—Legislative Alert February 5, 2024 On January 31, the House passed H.R. 7024, The Tax Relief for American Families and Workers Act of 2024, by a vote of 357-70. This legislation includes two key Housing Credit provisions that, if passed, would increase affordable housing supply and benefit seniors and working families throughout the…
BROADCAST EMAIL – Midyear Meeting Update January 22, 2024 CARH’s 2024 Midyear Meeting scheduled for January 29-31, in Charleston, South Carolina, begins one week from today! Details on the meeting, including the agenda, can be found in the Meeting Brochure. Based on current registrations, the Midyear Meeting will be one of the largest CARH meetings…