On December 17, 2024, the Federal Housing Finance Agency issued a Press Release, entitled, FHFA Releases Update of Enterprise Sales of Non-Performing Loans. The press release links to the latest report on the transactions by Fannie Mae and Freddie Mac, intended to transfer credit risk and improve outcomes for borrowers, reflects a steady drop in…
CARH’s BROADCAST EMAIL—Regulatory Alert December 16, 2024 On December 13, 2024, Rural Development (RD) published Procedural Notice (PN) 632 announcing changes to Chapter 4, Section 4.13 of the MFH Asset Management Handbook (HB-2-3560), which revises the “Withdrawal Approval Process” by changing the threshold for requiring multiple bids on reserve for replacement work orders from $5,000…
HUD’s Office of Multifamily Housing sent out the following information on December 12, 2024: Today, the U.S Department of Housing and Urban Development published a 30-Day Notification Requirement Prior to Termination of Lease for Nonpayment of Rent in the Federal Register. This final rule requires that public housing agencies and owners of properties receiving project-based…
CARH’s BROADCAST EMAIL—Regulatory Alert December 11, 2024 On December 6th, Rural Development (RD) published a Notice in the Federal Register announcing an extension of the “Simple Transfer Pilot Program” through December 9, 2025. As stated in a December 9, 2022, Newsroom post on CARH’s website, RD initially announced the new pilot program to improve the…
CARH’s BROADCAST EMAIL—Regulatory Alert December 10, 2024 Today, RD sent out the following Stakeholder Announcement: Washington D.C., December 10, 2024 – The Rural Housing Service (RHS) Office of the Multifamily Housing (MFH) is announcing an updated Form RD 3560-8 Tenant Certification for the July 1, 2025 implementation of the changes to income and asset calculations…
CARH BROADCAST E-MAIL – Midyear Meeting Update December 6, 2024 CARH’s 2025 Midyear Meeting, “Creating Opportunities in a Changing Environment,” is quickly approaching! The meeting will be held January 27-29 at The Ritz-Carlton Bacarra in sunny Santa Barbara, California. Meeting Brochure The 2025 Meeting Brochure which includes the full agenda, partial list of featured speakers,…
HUD’s Office of Multifamily Programs sent out the following information on December 6, 2024: HUD’s Office of Multifamily Programs has developed a series of Frequently Asked Questions (FAQs) with respect to the implementation of the Housing Opportunity Through Modernization Act of 2016 (HOTMA). This guidance includes information on the phase-in hardship relief provision as detailed…
UPDATED ON DECEMBER 3 WITH LINK TO UPDATED REGISTRATION FORM CARH BROADCAST E-MAIL – Midyear Meeting Update November 25, 2024 “Early Bird” registration discounts will end Monday, December 2, for CARH’s 2025 Midyear Meeting to be held January 27-29 at The Ritz-Carlton Bacarra in Santa Barbara, California. To take advantage of these lowest registration fees,…
November 25, 2024 As the holiday season rapidly approaches, we would like to remind you that December 3rd is Giving Tuesday! This year on Giving Tuesday, the CARH Scholarship Foundation would ask that you include a donation to the CARH Scholarship Fund in your holiday plans. Click here or scan the QR code below to…
On November 18, 2024, FHA released the following press release: The Federal Housing Finance Agency announced higher caps for 2025 that allow the Enterprises to purchase up to $146 billion in multifamily loans and will continue to exempt workforce housing from the limit Washington, D.C. – The Federal Housing Finance Agency (FHFA) will allow greater rental housing…