Section 538 Forbearance Guidance

From Rural Development: Multifamily Housing (MFH) has prepared Section 538 forbearance guidance on Section 4023 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Pub.L. 116-136). In addition to the attached letter to lenders explaining how the CARES Act applies to the Guaranteed Rural Rental Housing Program, the two attached sample documents may be…

IRS Provides Short-Term Extensions to Certain Housing Credit and Housing Bond Deadlines Due to COVID-19

The A.C.T.I.O.N. Campaign, which CARH is a member, published the following blog post: ACTION partners have been urging the IRS and the Treasury to take immediate action to provide deadline extensions and other necessary accommodations for the Housing Credit program in light of the severe disruptions the COVID-19 pandemic is having on development and construction…

COVID-19 Multifamily stakeholder FAQ–PART 2–April 13, 2020

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…