CARH Broadcast Email—Legislative Update On March 10, the House of Representatives, by a vote of 220-211 narrowly passed the Senate-amended H.R. 1319, the American Rescue Plan (ARP) Act of 2021. This legislation, totaling $1.9 trillion, is the third coronavirus-aid bill that has passed Congress since the pandemic began early last year. President Biden signed the…
BROADCAST EMAIL – Regulatory Update Rural Development’s (RD) Office of Multifamily Housing has issued the following reminder regarding annual financial reporting requirements for Multifamily borrowers: The Agency requires annual financial reports be submitted by each borrower to ensure the project is in sound financial condition and is complying with the program financial management requirements. Complete…
CARH’S BROADCAST E-MAIL – CARH News The January/February 2021 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: CARH Board of Directors Met During Midyear Meeting Allison King…
BROADCAST EMAIL – Regulatory Update Rural Development’s (RD) Multifamily Housing (MFH) will be holding periodic meetings to update their customers on MFH programs. The first of these meetings will be for those with properties, or with transactions for properties, in the Northeast. However, others may want to also join to garner information that will likely…
HUD recently released LIHTC tenant-level data that includes information on race, ethnicity, family composition, age, income, use of rental assistance, disability status, and monthly rental payments. HUD previously released this data in the form of reports, but starting in 2021, a document will include backgroun on the data and a brief explantaion of the talbes…
On March 2, 2021, the Rural Housing Service’s Office of Multifamily Housing sent out the following: Multifamily Housing Partners, Given the recent disaster declaration in Texas, we wanted to clarify guidelines for Rural Housing Service Multifamily properties and tenants affected by the Texas storms or other disasters in the future. Letters of Priority Engagement (LOPE)…
March 1, 2021 — Federal Housing Finance Agency FHFA Authorizes More than $1 Billion for Affordable Housing Funds
On February 26, 2021, housing industry stakeholders, including CARH, send a letter to the Secretary of Treasury and Secretary of Housing & Urban Development in response to the recently updated FAQs regarding the Emergency Rental Assistance Program. In addition to comments on the FAQs, the letter also lists items that need addressed and/or implemented.
CNN – Federal judge rules eviction moratorium is unconstitutional A copy of the decision can be found here. In addition, Nixon Peabody, CARH’s General Counsel, published an Affordable Housing Blog post by Harry J. Kelley on this subject. The article can be found here.
BROADCAST EMAIL – Regulatory Update Today, the Department of Treasury posted updated Frequently Asked Questions (FAQs) for the Emergency Rental Assistance Program (ERAP). The 2021 Consolidated Appropriations Act established the ERAP, administered by the Secretary of the Treasury, to assist renter households most vulnerable to the economic impacts of the current crisis. Additional information on the…