HUD Publishes Disbursing Multifamily Mortgage Proceeds: Permitting Mortgagees to Disburse Mortgage Proceeds with Mortgagor-Provided Funds Notice

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…

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Legislation Introduced to Clarify Fannie Mae and Freddie Mac Can Participate in Partnerships for Low-Income Housing Investments

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…

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HUD Supports Owners Interested in New Resource to Fund 50% of Solar Project Costs

On July 17, 2024, HUD’s Office of Multifamily Housing sent out the following information: HUD’s Office of Multifamily Housing Programs has launched a new video, as part of its series of recordings to help owners of HUD-assisted multifamily housing properties as well as other stakeholders better understand a new tax credit program that can help fund 50% of…

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