BROADCAST EMAIL – Regulatory Update To today’s Federal Register, HUD published a Notice entitled, “Statutorily Mandated Designation of Difficult Development Areas and Qualified Census Tracts for 2022” for purposes of the low-income housing tax credit (LIHTC). LIHTC developments in DDAs or QCTs are eligible for as much as 30 percent more LIHTC subsidy. The designations…
On September 8, 2021, the Office of the Comptroller of the Currenency issued the following Press Release: The Office of the Comptroller of the Currency (OCC) is soliciting comments on proposed rules to rescind the Community Reinvestment Act (CRA) rule issued in 2020 and replace it with rules adopted jointly by the Federal banking agencies…
Today, the Federal Housing Finance Agency (FHFA) issued a press release annoucing equitable housing finance plans for Fannie Mae and Freddie Mac.
BROADCAST EMAIL – Regulatory Update Today, Rural Development (RD) published a Procedural Notice (PN) 553 announcing final management fees for Fiscal Year (FY) 2022. The base fee will increase by $2 over the FY 2021 base fee. Management fees will vary from state-to-state because RD bases the increase on HUD’s Operating Cost Adjustment Factor (OCAF)…
On September 1, The White House issued the Fact Sheet: Biden-Harris Administration Announces Immediate Steps to Increase Affordable Housing Supply. Below are other agency statements on this cross-agency effort. HUD Announces Cross-Agency Efforts to Increase Affordable Housing Supply FHFA Acting Director Sandra L. Thompson’s Statement on Executive Branch Housing Supply Initiative
On August 31, 2021, Rural Development’s Office of Multifamily Housing sent out the following notice: Multifamily Housing Partners, On August 12, 2021, Rural Development Multifamily Housing leadership held a meeting providing a quarterly update to our external partners. The update included information about Emergency Housing Vouchers, American Rescue Plan, Letter of Priority Entitlement (LOPE),…
CARH’s Broadcast Email—Legislative Alert Background On Tuesday, August 24, 2021, the House of Representatives, by a vote of 220-212, passed a budget resolution which would authorize $3.5 trillion in spending and taxes during the next fiscal year and in many instances, for several additional years. Last week the Senate also passed the $3.5 trillion budget…
On August 25, CARH, along with Greystone Afforable Development, Housing Assistance Council, and the National Rural Housing Coalition, sent letters to the Senate Banking, Housing and Urban Affaiars Committee and the House Financial Services Committee, urging both committees to invest in rural housing in America.
National real estate advocacy organizations, including CARH, sent a letter today urging the Administration to immediately implement improvements to the Emergency Rental Assistance Program (ERAP) that can accelerate the distribution of federal funds to renters and housing providers in need. While many jurisdictions are successfully increasing their ERAP disbursement, others are fraught with significant application processing…
Rural Development’s Office of Multifamily Housing sent out the following Email Notice: On February 2, 2021, Rural Development published a Notice of Solicitation of Applications (NOSA) for the Section 514 Off-Farm Labor Housing (FLH) Loans and Section 516 Off-FLH Grants for New Construction for Fiscal Year 2021. This program provides financing for the construction of…