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On March 18, 2022, the Internal Revenue Service issued Revenue Procedure 2022-20 which provides guidance regarding the public approval requirement under § 147(f) of the Internal Revenue Code for tax-exempt qualified private activity bonds. Specifically, this revenue procedure provides that hearings held by teleconference as described in section 4 of the revenue procedure will be treated…

CARH’s Broadcast Email—Legislative Alert 1) Omnibus Appropriations Bill for FY 2022 Signed into Law by President Biden On Tuesday, March 15, 2022, President Biden signed into law the $1.5 trillion 1,068-page omnibus appropriations bill entitled, Consolidated Appropriations Act, 2022, for Fiscal Year (FY) 2022 (P.L. 117-103), that Congress passed late last week. Of this $1.5…

Information from HUD: We are excited to share that HUD has completed development of its FY22-26 Strategic Plan. In preparation for publication of the plan, we are inviting our partner organizations to a briefing session to provide an overview of HUD’s FY22-26 Strategic Plan. Meeting Details: When: Mar 17, 2022 12:00 PM Eastern Time (US…

REMINDER                         REMINDER                         REMINDER   Dear CARH Members: As originally announced via email on December 13, 2021, the Council for Affordable and Rural Housing (CARH) Scholarship Foundation is currently applications for the 2022 scholarships – the James L. Poehlman, Gordon L. Blackwell, Jack Godin, Jr., CRHD Founders, Scholarship Foundation, and CARH Scholarships! The Scholarship Foundation is…

The following was sent out by RD’s Office of Multifamily Housing: On March 9, 2022, Rural Development published a Notice of Funding Availability (NOFA) for subsequent Section 514 Off-Farm Labor Housing (Off-FLH) loans and subsequent Section 516 Off-FLH grants to improve, repair, or make modifications to existing Off-Farm Labor Housing Properties for fiscal year 2022.…

On March 9, 2022, USDA issued the following Stakeholder Annoucement entitled, USDA Seeks Applications to Improve, Repair or Modify Off-Farm Labor Housing Properties: WASHINGTON, March 9, 2022 – USDA Rural Development Under Secretary Xochitl Torres Small today announced the Department is seeking applications to improve or repair off-farm labor housing. These improvements will ensure farmworkers…

CARH’S BROADCAST E-MAIL – Regulatory Alert   Rural Development’s Office of Multifamily Housing distributed the following bulletin informing stakeholders of an upcoming workshop entitled, Addressing Funding Gaps in Section 515 and FLH (514/516): Section 515 and Section 514/516 programs provide financing for the new construction and preservation of affordable housing units in Rural America.As market…

CARH’S BROADCAST EMAIL – MEMBER UPDATE   Once again, it’s time for your company to participate in CARH’s 2020 Program survey. This is the 8th year that CARH has conducted the survey which, when completed and analyzed, will rank the top rural housing developers, managers, and owners in the industry through December 31, 2021. Please…

CARH’S BROADCAST E-MAIL – Regulatory Alert In today’s Federal Register, USDA’s Rural Housing Service published a Notice entitled, New Fee Structure for Section 538 Guaranteed Rural Rental Housing Program Initial and Annual Guarantee Fees. CARH’s Lenders Committee and Board of Directors have long supported a new fee structure for new loans, and we appreciate our…

CARH’S BROADCAST E-MAIL – CARH News The January/February 2022 digital edition of CARH News, the Council for Affordable and Rural Housing’s (CARH) bimonthly digital newsletter, is now available online on CARH’s website, www.carh.org, or for viewing by clicking here. In this issue, you will find: Midyear Meeting Recap Board of Directors Hold January Meeting Encourage…