CARH’s BROADCAST EMAIL—Regulatory Alert August 22, 2024 Today, Rural Development published an Unnumbered Letter (UL) dated August 19, 2024, entitled, “Housing Opportunity Through Modernization Act (HOTMA).” The UL provides an overview of HOTMA tenant income and asset calculation changes and the projected timeline for those changes. Effective January 1, 2025, all tenant certifications must implement…
CARH’s BROADCAST EMAIL—Regulatory Alert August 16, 2024 CARH’s General Counsel, Arnall Golden Gregory, LLP, prepared the following information regarding the “categorical exclusions” Rural Development (RD) intends to adopt regarding the National Environmental Policy Act (NEPA). NEPA requires federal agencies to assess the environmental effects of their proposed actions prior to making “major federal actions.” A…
CARH’S BROADCAST E-MAIL – CARH News August 16, 2024 The June/July edition of CARH News, CARH’s bimonthly digital newsletter, is now available online on CARH’s website, www.carh.org, or by clicking here. In this issue, you will find: Annual Meeting Review CARH Elects Officers and New Board Members Board of Directors Met During Annual Meeting CARH…
On August 15, 2024, HUD’s Office of Multifamily Housing Programs sent out the following information: Today, the Office of Multifamily Housing Programs is seeking feedback on the Multifamily Drafting Table from stakeholders regarding new guidance that would require applicants for Federal Housing Administration (FHA) Multifamily rental and Risk Share transactions to waive their qualified contract…
On Thursday, August 15, 2024, HUD’s Office of Multifamily Housing Programs sent out the following information: Today, the Office of Multifamily Housing Programs, announces the availability of a standard form for the Assignment, Assumption, and Amendment of Section 8 Housing Assistance Payments Contracts. This form, which went through a public comment process prior to being…
CARH’S BROADCAST E-MAIL – Regulatory Update August 14, 2024 The Department of Housing and Urban Development (HUD) published a Notice in today’s Federal Register on the Fair Market Rents for the Housing Choice Voucher Program, Moderate Rehabilitation Single Room Occupancy Program, and Other Programs; Fiscal Year 2025. Fair Market Rents (FMRs) are an estimate of…
CARH’S BROADCAST E-MAIL – Regulatory Update August 7, 2024 In preparation for the upcoming 2025 proposed budget submissions, on August 5th Rural Development issued a Stakeholder Announcement sharing a proposed budget training for stakeholders that focused on Form RD 3560-7. As you know, proposed budget submissions are due 90 days prior to start of the…
On August 6, 2024, HUD’s Office of Multifamily Housing published the following information: Today, the Office of Multifamily Housing Programs, published the Disbursing Multifamily Mortgage Proceeds: Permitting Mortgagees to Disburse Mortgage Proceeds with Mortgagor-Provided Funds proposed rule in the Federal Register for public comment to modernize regulation in 24 CFR § 200.54(b). The deadline for public comment…
CARH’s BROADCAST EMAIL—Legislative Alert August 2, 2024 On August 1, Senators Jerry Moran (R-KS) and Mark Warner (D-VA) introduced legislation (S. 4933) to amend the Internal Revenue Code to clarify that the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac are able to participate in partnerships that are crucial for low-income housing investments. Companion…
BROADCAST EMAIL – Regulatory Update July 25, 2024 On July 19th, Rural Development (RD) published Procedural Notice (PN) 619 announcing management fees for Fiscal Year (FY) 2025. Management fees vary from state-to-state as RD based this year’s increase on HUD’s Operating Cost Adjustment Factor (OCAF) which varies based on location in the country and is…