March 29, 2023 — FASB Press Release Printout of Press Release below: The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves the accounting and disclosures for investments in tax credit structures. The ASU is a consensus of the FASB’s Emerging Issues Task Force (EITF). The ASU allows reporting entities to elect…
REMINDER REMINDER REMINDER March 29, 2023 Dear CARH Members: As has been previously announced, the Council for Affordable and Rural Housing (CARH) Scholarship Foundation (Foundation) is currently accepting applications for the 2023 Scholarships! The Foundation is offering seven scholarships to deserving students from CARH-member affordable rural housing properties. Each scholarship is $2,000 per semester for…
On March 29, 2023, Rural Development’s Office of Multifamily Housing issued the following information: The Build America, Buy America Act, enacted as part of the Infrastructure Investment and Jobs Act (IIJA) on November 15, 2021, focuses on maximizing the federal government’s use of services, goods, products, and materials produced and offered in the United States.…
CARH’S BROADCAST E-MAIL – Member Update March 28, 2023 One of the many benefits of national CARH membership is the opportunity for companies to participate in CARH’s Preferred Buyers program. We have been able to combine the size and strength of our membership to negotiate national supplier agreements at preferred pricing with large national vendors: …
CARH’S BROADCAST E-MAIL – Regulatory Alert March 28, 2023 1) NSPIRE: Request for Comments on Proposed Scoring Notice On March 28th, published a Federal Register Notice entitled, Request for Comments: National Standards for the Physical Inspection of Real Estate and Associated Protocols [NSPIRE], Proposed Scoring Notice.” According to information from HUD’s Asset Management Division: “HUD…
On March 27, 2023, HUD published a press release, notifying stakeholders that the Office of Multifamily Housing Programs released updated guidance for owners of properties participating in its Section 8 Project-Based Rental Assistance (PBRA) program. The changes in Chapter Nine of HUD’s Section 8 Renewal Policy Guidebook are designed to streamline the contract renewal process…
Rural Development released an Unnumbered Letter (UL) dated March 21, 2023, which includes the “Results of the 2022 Multi-Family Housing Annual Fair Housing Occupancy Report”.
Rural Development’s Office of Multifamily Housing Stakeholder Information Session entitled, Availability of Section 515 Rural Rental Housing Subsequent Loans, scheduled for March 23, 2023 was rescheduled to March 30, 2023 at 2:00 p.m. Eastern. Click here to register. NOTE: If you had registered for the March 23rd session, you MUST re-register for the March 30th…
On March 22, 2023 – HUD’s Multifamily Housing Asset Management sent out the following information: Multifamily Housing Partners, Today, in an effort to address complexities associated with Section 8 Project-based Rental Assistance (PBRA) Housing Assistance Payment (HAP) contract bifurcations, in which single HAP contracts are divided into two or more HAP contracts following HUD approval, the Office…
CARH’s BROADCAST EMAIL—Legislative Alert March 17, 2023 On Thursday, March 9, 2023, the Biden Administration unveiled the blueprint for its proposed $6.8 trillion budget for Fiscal Year (FY) 2024. Details of the proposed budget were then released on Monday, March 13, 2023. The proposed budget would provide $668 billion in funding for non-defense programs, up…