Daily Archives: October 24, 2023

RHS Launches New Physical Inspection Process

CARH’S BROADCAST E-MAIL – Regulatory Update October 24, 2023 Rural Development sent out the following information today: The Multifamily Housing Division of USDA’s Rural Housing Service (RHS) is launching a new way of conducting the physical inspection segment of its Tri-Annual Supervisory Visit (SV); the most important tool for monitoring a borrower’s continued compliance with…

HUD: Department of Labor Publishes Final Rule Updating Davis-Bacon and Related Acts Regulations

On October 23, 2023, HUD’s Office of Multifamily Housing sent out the following bulletin:   Dear Multifamily Housing Partners, On August 23, 2023, the Department of Labor (DOL) published the final rule that updates regulations issued under the Davis-Bacon and Related Acts. This is the first comprehensive regulatory review in nearly 40 years. Revisions to these regulations…