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…
Given the rapidly evolving situation with the Novel Coronavirus (COVID-19), in the Newsroom section of CARH’s website, www.carh.org, you will find hyperlinks to the latest information available from the Centers for Disease Control and Prevention (CDC) and the most current information and updates provided by the Department of Housing & Urban Development (HUD) and US…
March 13, 2020 — ACTION Campaign Celebrates More Than Half of House Cosponsoring the Affordable Housing Credit Improvement Act Click here to view a full list of the AHCIA cosponsors. As a member of the ACTION Coalition, CARH is happy for this milestone and we encourage other House members to cosponsor H.R. 3077.
Please see the following notice from HUD’s Office of Multifamily Housing: Dear Stakeholders: On October 15, 2019, FHA posted for industry feedback the first revised draft chapters for an updated Multifamily Accelerated Processing (MAP) Guide as part of its ongoing work to deliver a fully updated guide in the future. The following drafts are now…
The March 2020 edition of CARH’s Insights for On-sites has just been published and hard copied are in the process of being mailed to CARH. A PDF version can also be viewed and downloaded by clicking here, or by visiting the Resources/Publications section of CARH’s website, www.carh.org. This issue of the Insights for On-sites provided…
The January/February 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: CARH Presents Coveted Awards at 2020 Midyear Meeting CARH Board of Directors Convened at CARH Midyear…
Today, CARH sent this letter in support of H.R. 5187, Housing is Infrastructure Act of 2019, to the Chair and Ranking Member of the House Financial Services Committee.
CARH’S BROADCAST EMAIL – Budget Update On February 10, the Trump Administration formally unveiled its proposed $4.8 trillion Fiscal Year (FY) 2021 budget proposal. The proposed budget for FY 2021 mirrors the proposed budget for the last three fiscal years in that many domestic programs would be cut or eliminated. Despite Congress’ repeated rejections, the…
On February 7, 2020, HUD’s Office of Multifamily Housing announced $51.6 million in grants have been awarded through the Section 202 Capital Advance NOFA. According to their statement, “under the Section 202 Supportive Housing for the Elderly program, the Office of Multifamily Housing provides upfront capital advances to nonprofit sponsors to finance the development of…