HUD: Updated Policy Removes Assurance of Completion Requirement for 223(f) Transactions with Low-Income Housing Tax Credit Proceeds

December 5, 2023 — HUD’s Office of Multifamily Housing sent out the following information: Dear Multifamily Stakeholders, HUD’s Office of Multifamily Housing published a Housing Notice and Mortgagee Letter today announcing the elimination of the 10 percent Assurance of Completion escrow in certain Multifamily 223(f) transactions that include new Low Income Housing Tax Credit proceeds. This change is…

HUD Establishes Certain Operating Cost Adjustment Factors for 2024

CARH’S BROADCAST E-MAIL – Regulatory Update November 30, 2023 In today’s Federal Register, the Department of Housing & Urban Development published a Notice that establishes operating cost adjustment factors (OCAFs) for project-based assistance contracts issued under Section 8 of the United States Housing Act of 1937 and renewed under the Multifamily Assisted Housing Reform and…

Midyear Meeting “Early Bird” Registration Discounts End Thursday, November 30 – Registration Fees Increase December 1st  

  CARH BROADCAST E-MAIL – Midyear Meeting Update  November 27, 2023   December 1st Update – Registration Form has been updated.   “Early Bird” registration discounts will end Thursday, November 30, for CARH’s 2024 Midyear Meeting to be held January 29-31 at The Charleston Place in Charleston, South Carolina. To take advantage of these lowest…

HUD Publishes Green Mortgage Insurance Premium Compliance Reporting Housing Notice

HUD’s Office of Multifamily Housing sent out the following Asset Management information on November 11, 2023: Multifamily Housing Partners, On November 20, 2023, HUD’s Office of Multifamily Housing Programs and Office of Residential Care Facilities published a Housing Notice titled Required Use of Portfolio Manager for Green Mortgage Insurance Premium Compliance Reporting, which pertains to changes to annual compliance reporting for Green Mortgage Premium…

2024 Midyear Meeting – Register By November 30 to Receive the “Early Bird” Discount

CARH BROADCAST E-MAIL – Midyear Meeting Update November 9, 2023 Dear Friends, We are delighted to announce that the 2024 Council for Affordable Rural Housing (CARH) Midyear Meeting will be held on January 29-31 in one of the world’s most beautiful cities, Charleston, South Carolina. Make your plans now to attend! Top industry experts, including government…