HUD: HOTMA Implementation FAQs Now Available

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…

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“Early Bird” Registration Discounts Ends Next Monday! Register Now for CARH’s 2025 Midyear Meeting

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,…

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FHFA Enables Fannie Mae and Freddie Mac to Expand Support for Rental Housing

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…

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RD: Announcing Change in Multifamily Housing Passbook Savings Rate

The Unnumbered Letter linked in this announcement was sent out to subscribers of CARH’s Electronic AN Express on November 15th. To subscribe, contact CARH at carh@carh.org.  On November 19, RD sent out the following Multifamily Housing Stakeholder Announcement: Washington DC, November 19, 2024 – Effective January 1, 2025, USDA, Rural Development’s (RD) Multifamily Housing programs…

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Register Now for the 2025 CARH Midyear Meeting – “Early Bird” Registration Discount Available Until December 2

CARH BROADCAST E-MAIL – Midyear Meeting Update November 14, 2024 We are pleased to announce that the 2025 CARH Midyear Meeting will be held on January 27-29, at The Ritz-Carlton Bacara, Santa Barbara, California. Plan now to join your friends and colleagues at The Ritz-Carlton Bacara, a spectacular Spanish-style hotel overlooking the Pacific Ocean! Enjoy…

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RD: FY2024 MPR and Section 515 Subsequent Loans for Preservation NOSA Workshop Questions & Answers

On November 13, 2024, RD’s Office of Multifamily Housing sent out the following information: On September 27, 2024, Rural Development’s Rural Housing Service (RHS or Agency), published a notice of funds availability (NOFA) in the Federal Register, Federal Register Notice MPR NOSA and Preservation Activities 2024. The NOFA announced that the Agency is inviting applications…

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Proposed Rule Clarification on the Requirement to Record the Section 538 Deed Restriction

On November 5, 2024, the Rural Housing Service published a Proposed Rule providing clarification on the requirement to record the Section 538 Deed Restriction. The link to the Proposed Rule, and supporting information from RHS, is below: The Rural Housing Service (RHS) Office of Multifamily Housing (MFH) published a proposed rule on November 5, 2024, …

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CARH Scholarship Foundation Accepting Applications for 2025 Scholarships!

November 4, 2024 Dear CARH Members: The Scholarship Foundation is excited to announce that the application period is now open for the CARH Scholarship Foundation’s seven available scholarships and the deadline for completed applications is February 28, 2025. The Foundation is offering the seven scholarships to deserving students from CARH-member affordable rural housing properties. Each…

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