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…
BROADCAST E-MAIL – Midyear Meeting December 27, 2024 CARH’s 2025 Midyear Meeting scheduled for January 27-29 at The Ritz-Carlton, Bacara in Santa Barbara, California is one month away! One of the highlights of the meeting will be CARH’s Golf Tournament on the afternoon of Tuesday, January 28th at the Sandpiper Golf Club located next to…
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…
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…
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…
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…
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…