Dear CARH Members: The Scholarship Foundation is now accepting 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 providing these six scholarships to deserving residents of CARH-member affordable rural housing properties. Each scholarship will be $1,500 per…
The Department of Treasury released a Press Release on November 29 with October Emergency Rental Assistance data. According to Treasury, assistance was provided to more than 521,000 renters and landlords, bringing the total number to more than 2.5 million payments and $2.8 billion in funds paid through ERA programs. Treasury said that the new data…
On December 2, 2021, Congress passed another Continuing Resolution to fund the government through February 18, 2021. Click here to read information published by the National Low Income Housing Coalition.
The IRS issued the following Revenue Ruling and Revenue Procedue regarding the Low Income Housing Tax Credit: Revenue Ruling 2021-20 provides guidance regarding whether the 4 percent applicable percentage (4 percent floor) under § 42(b)(3) of the Internal Revenue Code applies to the low-income buildings described in the revenue ruling. This revenue ruling holds that…
CARH’s Broadcast Email—Legislative Alert Background On November 19, the House of Representatives, by a vote of 220-213, passed the Build Back Better (BBB) Act (H.R. 5376). This vote occurred after several months of negotiations between centrist and progressive Democrats in the House and the White House. Although the bill passed the House, there remain several…
The following ACTION Alert was sent by The ACTION Campaign, which CARH is a steering committee member: This morning, the House passed the Build Back Better Act, H.R. 5376, by a vote of 220-to-213. The legislation includes the largest expansion of the Housing Credit program since its inception in 1986 and would finance an estimated 811,900 affordable…
On November 16, HUD’s Office of Housing sent this bulletin as a reminder to owners of multifamily-assisted properties, that the deadline to submit COVID-19 Supplemental Payment (CSP) reimbursement requests to HUD or the Contract Administrator is this Friday, November 19, 2021.
CARH’S BROADCAST E-MAIL – Regulatory Alert On November 8, USDA announced the appointment of Joaquin Altoro as the Administrator of the Rural Housing Service (RHS). According to USDA, for nearly three decades, Mr. Altoro has been dedicated to understanding the heart and passion of minority communities and applying his experience and wisdom to provide financing…
Funds Will Support Placemaking and Planning Assistance to Help the People of Rural America Build Back Better U.S. Department of Agriculture (USDA) Under Secretary for Rural Development Xochitl Torres Small today announced that USDA is awarding $3 million in cooperative agreements to 13 organizations. These organizations will provide technical assistance to people living in rural and…
The ACTION Campaign, which CARH is a steering committee member, sent out the following alert: November 03, 2021 Today, the House Rules Committee released amended text for the Build Back Better Act, which includes Housing Credit provisions omitted from the initial pared-back framework released last week. Thanks to the persistent advocacy of ACTION’s members, supporters,…