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January 3, 2022 – Ginnie Mae Alanna McCargo Sworn in as Ginnie Mae President

Important reminder! The deadline to apply for the COVID Economic Injury Disaster Loan (EIDL) is Friday, December 31. See below for further details. EIDL loan and Targeted Advance applications will be accepted until December 31. SBA will continue processing applications after the deadline, including reconsiderations. We are unable to accept new applications after the deadline. Supplemental Targeted…

December 22, 2021 — FHFA FHFA Finalizes 2022-2024 Single-Family and 2022 Multifamily Housing Goals for Fannie Mae and Freddie Mac

HUD’s Office of Multifamily Housing sent out the following information: The U.S. Department of Health and Human Services/Health Resources & Services Administration is making at-home COVID-19 test kits available to their federally qualified community health centers (FQHC). FQHCs/community health centers will be able to request supplies on a regular basis to deliver at-home COVID-19 tests…

On December 13, the ACTION Campaign, which CARH is a steering committee member, issued the following ACTION Alert: On Saturday, December 11, the Senate Finance Committee released bill text, updating the tax section of the Build Back Better Act that passed the House in November. The new Senate text largely mirrors the House version, with historic investments in the Housing…

On December 13, USDA Rural Development Office of Multifamily Housing sent the following information: Multifamily Housing Partners, Given the recent disasters in Kentucky and other states in the area, please be reminded of guidelines for Rural Housing Service Multifamily properties and tenants affected by the storms. Borrowers and Management Agents in the area will be…

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…