Released from Rural Development Multifamily Housing: Multifamily Housing Partners, Rural Development is continuing to receive questions on COVID-19 (Coronavirus) related issues as they affect Multifamily housing properties across the country and would like to provide additional guidance. Your assigned Servicing Official should remain your primary contact for questions, but the below consolidated frequently asked questions…
USDA published the following: USDA Unveils Tool to Help Rural Communities Address the COVID-19 Pandemic
April 13, 2020 — Roll Call Rural Housing Losses Feared Despite Rescue Spending
CARH’S BROADCAST E-MAIL – Member Update We would like to thank all of you who connected to one or both of the conference calls that were held yesterday that provided updates on regulatory, legislative, and best practices for our members. CARH would also like to especially thank the panelists who took the time to share…
On April 8, the USDA published a stakeholder announcement regarding implementation of immediate measures to help rural residents, businesses, and communities affected by COVID-19.
At CARH’s January Midyear Meeting, the Developers/Owners Joint Committee made a recommendation to CARH’s Board of Directors to make members aware of an issue that will impact how LIHTC partnership/tax returns can be amended for tax years that began in 2018. Communicate concerns to other industry groups in an effort to garner changes to the…
CARH submitted comments to the Office of the Comptroller of the Currency in response to the Notice of Proposed Rulemaking Regarding the Community Reinvestment Act published in the Federal Register.
Multifamily Housing Partners, Rural Development is monitoring the effects that COVID-19 (Coronavirus) is having on the multifamily housing community and has been providing regular internal guidance to staff on how to answer questions they receive. Although your assigned Servicing Official should remain your primary contact for questions, we would like to provide answers to some…
CARH’S BROADCAST E-MAIL – Member Update As the Novel Coronavirus COVID-19 pandemic continues to spread throughout the country, CARH understands the need to ensure the rural rental housing communities we work to support are not overlooked. CARH members are on the frontline, working with residents who may have lost income or have contracted the virus…
Nancie-Ann Bodell, Deputy Administrator, Rural Housing Service, sent out the following information regarding CARES Act Forbearance Request Guidance: Dear Multifamily Housing Partners, The Coronavirus Aid, Relief, and Economic Security (CARES) Act (Pub. L. 116-136) was signed into law on March 27, 2020. Sections 4023 and 4024 of the CARES Act apply to the Multifamily Direct…