Newsroom

HUD’s Office of Housing sent out the following bulletin: Dear Multifamily Owners and Program Operators,  HUD’s Office of Multifamily Housing today published its Section 202 Notice of Funding Opportunity (NOFO) for Fiscal Year 2022. The NOFO provides up to $174.6 million in grant funding opportunities through the Section 202 program. Applications are due by January 25,…

Multi-Family Housing (MFH) is developing a pilot program for simple transfers under authority in Section 506(b) of the Housing Act of 1949, as amended (42 U.S.C. §1476(b)). The purpose of the pilot program is to reduce application requirements for certain types of transfers, resulting in lower transaction-related costs for applicants and improved processing times. MFH…

On September 13, 2022, HUD’s Office of Housing send the following bulletin following up on the announcement made August 5, 2022: Dear Multifamily Owners and Program Operators,  The application period for funding under the Family Self-Sufficiency (FSS) Notice of Funding Opportunity (NOFO) is currently open. For the first time, owners of properties participating in Project-Based…

Rural Development’s Office of Multifamily Housing sent out the following information to stakeholders on September 12, 2022: The Agency’s mission is to support and maintain quality affordable housing for tenants across the portfolio.  As you prepare upcoming 2023 annual proposed budgets, we wish to partner with you to ensure your Rural Development properties have access…

Rural Development’s Office of Multifamily Housing released the following information: On September 6, 2022, Rural Development published a Notice in the Federal Register announcing a new calculation for the Section 538 Guaranteed Rural Rental Housing Lease-up Reserve. Agency regulations require the project to either attain a minimum level of acceptable occupancy of 90% for 90…

CARH’S BROADCAST E-MAIL – Regulatory Update The Department of Housing and Urban Development (HUD) published a Notice in today’s Federal Register on the Fair Market Rents for the Housing Choice Voucher Program, Moderate Rehabilitation Single Room Occupancy Program, and Other Programs Fiscal Year 2023. Fair Market Rents (FMRs) are an estimate of the amount of…

BROADCAST EMAIL – Regulatory Update   On August 26th, Rural Development (RD) published Procedural Notice (PN) 567 announcing final management fees for Fiscal Year (FY) 2023. This year, RD has used HUD’s FY 2022 Income Limits as the base management fee, versus their Operating Cost Adjustment Factors (OCAF), which have been used since FY 2015.…

Rural Development’s Office of Multifamily Housing Production & Preservation Division sent out the following announcements:   Hello Industry Partners! I hope you are enjoying your summer.  I am delighted to share with you the latest program announcements and priority initiatives in RD’s Office of Multifamily Housing, Production & Preservation (P2) Division. Tenant Selection Plans &…

CARH’S BROADCAST E-MAIL – Regulatory Update This week, Rural Development (RD) published a July 24, 2022, Unnumbered Letter (UL) entitled, “Section 515 and Section 514 Multi-Family Housing Reserve Deposit Resizing.” The UL was issued to provide guidance to all Multifamily Housing (MFH) program staff regarding the resizing of the reserve account deposits as it pertains…

CARH’s BROADCAST EMAIL—Legislative Alert   Both the U.S. House of Representatives and the U.S. Senate are now in recess for the month of August. House members had left at the end of July but returned to Washington, DC on August 12th to vote on H.R. 5376, the Inflation Reduction Act (IRA) of 2022 that had…