** Emergency RA Program Payments Released by Department of Treasury
The Department of Treasury released a list of States and Eligible Units of Local Government that received Emergency Rental Assistance Program Payments as of January 26, 2021.
Eviction Moratorium Update
BROADCAST EMAIL – Regulatory Update The U.S. Centers for Disease Control and Prevention (CDC) updated its Order prohibiting evictions for nonpayment of rent until March 31, 2021. The new Order is effective January 31, 2021. Originally, the CDC issued a version of this Order on September 1, 2020, made effective by publication in the Federal…
Section 538 Guarantee Fee Forum
BROADCAST EMAIL – Regulatory Update Attendees at CARH’s recent Midyear Meeting learned from agency officials during the “One-on-One with the Regulators” session that Rural Development (RD) planned to hold a forum with stakeholders to discuss the changes to the Section 538 Guaranteed Rural Rental Housing Program’s Initial and Annual Guarantee fees (see Final Rule published…
IRS Extends Many Deadlines Relevant to Section 42 and Affordable Housing
On January 19, 2021, Nixon Peabody, LLP issued an Affordable Housing Alert entitled, “IRS extends many deadlines relevant to Section 42 and affordable housing” by Forrest Milder, Esq.
Department of the Treasury Issues Emergency Rental Assistance Frequently Asked Questions
On January 19, 2021, the Department of Treasury issued Frequently Asked Questions on Emergency Rental Assistance providing guidance on the $25 billion Emergency Rental Assistance (ERA) program enacted under the Consolidated Appropriations Act of 2021.c For more information on the Emergency Rental Assistance Program, click here.
President-Elect Biden’s American Rescue Plan
CARH Broadcast Email—Legislative Update On January 14, President-elect Biden announced a $1.9 trillion COVID-19 relief and economic rescue package entitled, American Rescue Plan – Emergency Legislative Package to Fund Vaccinations, Provide Immediate, Direct Relief to Families Bearing the Brunt of the COVID-19 Crisis, and Support Struggling Communities. There are three major components to the proposal:…
Department of Treasury: Emergency Rental Assistance Program
Emergency Rental Assistance Program information published. January 6, 2020. The Emergency Rental Assistance program makes available $25 billion to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic. The funds are provided directly to States, U.S. Territories, local governments, and Indian tribes. Grantees use the funds to provide assistance…
FHFA Announces Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2021
The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The Plans became effective January 1, 2021. FHFA issued a final rule in 2016 that implemented the DTS provisions as mandated by the Housing and Economic Recovery Act of…