USDA Rural Development Announces Angilla Denton as Deputy Administrator for Multi-Family Housing

On December 6, 2023, USDA sent out the following Stakeholder Announcement: WASHINGTON, Dec. 6, 2023 – The U.S. Department of Agriculture (USDA) today announced Angilla Denton, Rural Development’s Chief Risk Officer, has been selected to serve as the Rural Housing Service (RHS) Deputy Administrator for Multi-Family Housing.   “Angilla Denton has dedicated her career to serving rural American families, and I…

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HUD: Updated Policy Removes Assurance of Completion Requirement for 223(f) Transactions with Low-Income Housing Tax Credit Proceeds

December 5, 2023 — HUD’s Office of Multifamily Housing sent out the following information: Dear Multifamily Stakeholders, HUD’s Office of Multifamily Housing published a Housing Notice and Mortgagee Letter today announcing the elimination of the 10 percent Assurance of Completion escrow in certain Multifamily 223(f) transactions that include new Low Income Housing Tax Credit proceeds. This change is…

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HUD Establishes Certain Operating Cost Adjustment Factors for 2024

CARH’S BROADCAST E-MAIL – Regulatory Update November 30, 2023 In today’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…

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