The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The Plans became effective January 1, 2021. FHFA issued a final rule in 2016 that implemented the DTS provisions as mandated by the Housing and Economic Recovery Act of…
CARH Broadcast Email—Legislative Update December 29, 2020. Updated December 31, 2020 On Sunday, December 27th, President Trump signed into the law H.R. 133, the $1.4 trillion Emergency Coronavirus Legislation and Omnibus Appropriations bill. As was reported in CARH’s Broadcast Email of December 21, 2020, the bill will provide roughly $900 billion in coronavirus relief aid,…
Article by CARH’s General Counsel, Nixon Peabody, LLP COVID-19 Stimulus Package/Omnibus FY 2021 Federal Budget: What’s in it for Housing? (December 22, 2020)
CARH Broadcast Email—Legislative Update On Sunday, December 20, 2020, Congressional leaders reached a last-minute deal on a $1.4 trillion bill that would fund the government for the remainder of Fiscal Year 2021 (through September 30, 2021) and provide roughly $900 billion in coronavirus relief aid. The House and Senate also passed a one-day stopgap bill…
CARH’S BROADCAST E-MAIL – CARH News The November/December 2020 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: RD Transition – Who is Doing What A Cybersecurity Checklist…
RD’s Office of Multifamily Housing shared the following information on December 17, 2020: On October 11, 2020, Rural Development’s Office of Multifamily Housing structural realignment was finalized which, in some cases, redistributed the existing portfolio to a servicing Specialist within our new Field Operations Division. Nancie-Ann Bodell, Deputy Administrator for MFH, along with her leadership…
The Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research released the following information: Research is essential to helping the U.S. Department of Housing and Urban Development achieve its mission to create strong, sustainable, inclusive communities and quality, affordable homes for all. In November, HUD’s Office of Policy Development and Research…
Dear CARH Members: The Scholarship Foundation is now accepting applications for the 2021 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…
CARH’S BROADCAST E-MAIL – Regulatory Update In the November 27, 2020, Federal Register, the Department of Housing & Urban Development published a Notice that establishes operating cost adjustment factors (OCAFs) for project-based assistance contracts issued under Section 8 of the United States Housing Act of 1937 and renewed under the Multifamily Assisted Housing Reform and…
On November 23, 2020, CARH and other industry stakeholders sent a letter to Department of Treasury and Internal Revenue Service regarding deadline extensions and other necessary accommodations for the Low-Income Housing Tax Credit (Housing Credit) program in light of the continued severe disruptions to the development, construction and ongoing operations of Housing Credit properties as…