On November 23, 2020, Rural Development (RD) released the following information: On October 11, 2020, RD’s Office of Multifamily Housing finalized its structural realignment which, in some cases, redistributed the existing portfolio to a servicing Specialist within their new Field Operations Division. If you are looking for the servicing Specialist for a specific property, you…
On November 23, 2020, USDA issued a press release entitiled, USDA Launches AskUSDA to Improve and Streamline Customer Experience.
On November 17, 2020 — FHFA issued a press release announcing the 2021 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac. Fact Sheet: New Multifamily Caps for Fannie Mae and Freddie Mac Revised Appendix A
On November 16, 2020, Home Depot released a press release annoucing the acquistion of HD Supply. Tom Greathouse, HD’s National Account Represenative for CARH, forwarded a statement from HD Supply to to CARH customers stating: We are excited to announce that HD Supply has entered into a definitive agreement to be acquired by The Home Depot,…
CARH Broadcast Email—Member Update UPDATE – November 12, 2020: Updated Post-Election Analysis Document At the time of this broadcast email, the final Presidential and Congressional election results are still too close to call for a handful of states. However, we wanted to provide CARH members with this comprehensive post-election analysis prepared by Holland & Knight,…
On November 9, 2020, the Real Estate Coalition, which CARH is a member, sent a letter to Congress and the Administration to extend additional COVID-19 relief measures and fund a strong federal assistance program that protects the long-term stability of our nation’s housing markets.
The Federal Housing Finance Agency (FHFA) has published the Annual Housing Report to Congress, which covers activities for 2019 relating to Fannie Mae and Freddie Mac’s (the Enterprises) housing goals performance, as well as the results of its evaluations and ratings of the Enterprises’ 2019 Duty to Serve performance. FHFA has determined that the Enterprises…
BROADCAST EMAIL – Regulatory Update The Internal Revenue Service (IRS) published a proposed rule in the October 29th Federal Register entitled, “Section 42, Low-Income Housing Credit Average Income Test Regulations.” Once finalized, the rule would provide guidance on implementation of the Average Income Tax (AIT), as established by the Consolidated Appropriations Act of 2018, which…
The IRS released Rev. Proc. 2020-42 that announces $3,105,001 of unused housing credit carryovers allocated to qualified states under § 42(h)(3)(D) of the Internal Revenue Code for calendar year 2020.
BROADCAST EMAIL – Regulatory Update On Friday, Rural Development’s (RD) Office Multifamily Housing (MFH) announced that, effective October 11, 2020, Becki Meyer, Byron Waters, Karissa Stiers, and Laurie Warzinski will become the first Regional Directors of MFH’s Field Operations Division. As you know, the new Field Operations Division was created as part of the recent…