Rural Housing Losses Feared Despite Rescue Spending
April 13, 2020 — Roll Call Rural Housing Losses Feared Despite Rescue Spending
Recordings of Member Conference Calls; New COVID-19 Info Section on CARH Website; and Additional COVID-19 Updates
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…
USDA Implements Immediate Measures to Help Rural Residents, Businesses and Communities Affected by COVID-19
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.
IRS Releases Guidance to Allow Partnerships to Amend 2018 and 2019 Tax Returns and Benefit from Bonus Depreciation Changes in CARES Act
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 Submits Comments on OCC’s Notice of Proposed Rulemaking Regarding the Community Reinvestment Act
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.
Rural Development’s COVID-19 Multifamily Stakeholder FAQ Released April 6, 2020
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…
Member Conference Calls – Updates on Issues Surrounding COVID-19 and Industry Best Practices
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…
Rural Development Multifamily CARES Act Forbearance Request Guidance
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…