CARH Broadcast Email—Legislative Update Early on Thursday, March 26, the Senate, by a vote of 96-0, passed H.R. 748, the CARES Act, which totals $2 trillion and provides significant expansions in small business lending, unemployment insurance, tax relief to individuals and employers, healthcare measures, $500 billion in economic stabilization funds, $274 billion in emergency appropriations,…
CARH’s General Counsel, Nixon Peabody, issued a Affordable Housing Alert, entitled, Update 2.0: New HUD FAQ extends guidance on property management, recertification, and HUD closing issues.
HUD’s Office of Multifamily Housing sent out the following announcement: Dear Multifamily Asset Management Stakeholders: Please join Deputy Assistant Secretary Lamar Seats for a call on Thursday March 26, from 2:30-3:30 p.m., ET to address Multifamily Asset Management’s COVID-19 response. We have updated the Q&A for COVID-19 with new guidance. Please visit our multifamily website…
CARH’s General Counsel, Nixon Peabody, issued a Tax and Employment Alert, entitled, IRS, Treasury and Labor issue first guidance on the Families First Coronavirus Response Act.
CARH’S BROADCAST EMAIL – MEMBER UPDATE For 40 years, CARH has worked diligently for and with the rural rental housing industry. As the Novel Coronavirus COVID-19 pandemic spreads through different areas of our country, we understand the need to ensure the rural rental housing communities we work to support are not overlooked. Our staff and…
CARH General Counsel, Nixon Peabody, published a Small Business Alert, entitled,”How small businesses can access funding under the Small Business Administration’s Disaster Loans Program in response to COVID-19“.
USDA Issued a Stakeholder Announcement on Multi-Family Housing in wake of COVID-19.
CARH’S BROADCAST EMAIL – Legislative Update 1) Congress Considers Third Stimulus to Address COVID-19 Economic Fallout As CARH members know, the Senate yesterday passed, and President Trump signed into law, H.R. 6201, Families First Coronavirus Response Act, that is intended to address immediate issues surrounding COVID-19. Even before that legislation cleared Capitol Hill, discussions were…
HUD’s Office of Multifamily Housing distributed a memo dated March 12, 2020, from the Multifamily Deputy Assistant Secretary C. Lamar Seats, to owners outlining their new procedures related to budget-based rent adjustments which increase replacement reserve deposits for properties assisted under Section 202 PRAC.
REMINDER REMINDER REMINDER Dear CARH Members: As originally announced via email on November 1, 2019, the Council for Affordable and Rural Housing (CARH) Scholarship Foundation is currently accepting applications for the 2020 Scholarships! At that the time, there were five scholarships available. However, at their last meeting, the Foundation approved offering a sixth beginning with…