RD: Multifamily Housing Partnership Updates

On November 7, 2023, Rural Development sent out the following information: On November 2, 2023, Rural Development Multifamily Housing leadership held a meeting providing a quarterly update to our external partners.  The update included information about leadership changes, budgets, insurance loss payee address, Multifamily Physical Inspection Pilot Program (MPIPP), and lots of other pertinent information…

CARH Scholarship Foundation Changes Timeline for Applications – Currently Accepting Applications for 2024 Scholarships until February 28, 2024!

SCHOLARSHIP APPLICATION UPDATE November 2, 2023 Dear CARH Members: To better coincide with the college application process, the CARH Scholarship Foundation has adjusted the timeline for announcing and accepting applications for the 2024 scholarships. The application period is now open for the CARH Scholarship Foundation’s seven available scholarships and the new deadline for completed applications…

NCSHA Releases New Recommended Practices in Housing Credit Administration

Oct October 27, 2023, the National Council of State Housing Agencies (NCSHA)released an updated edition of NCSHA’s Recommended Practices in Housing Credit Administration, consensus standards that guide how states administer the federal low-income housing tax credit (LIHTC) incentive. NCSHA’s recommended practices are voluntary standards in Housing Credit allocation, underwriting, and compliance monitoring that all states should…

RHS Publishes Proposed Rule on Insurance Requirements in Multifamily Housing

CARH’S BROADCAST E-MAIL – Regulatory Update October 25, 2023 In today’s Federal Register, the Rural Housing Service published a proposed rule entitled, Insurance Requirements in Multi-Family Housing Direct Loan and Grant Programs. The proposed rule would update the regulation for multifamily housing (MFH) insurance coverage and deductible requirements for properties financed through Rural Development (RD).…

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…

HUD: Multifamily Disaster Preparedness Plan Template Available

On October 18, 2023, HUD Office of Multifamily Housing Programs sent out the following information: What is the Multifamily Disaster Preparedness Plan Template? The Multifamily Disaster Preparedness Plan Template is a resource to help HUD-assisted multifamily owners and Public Housing Authorities (PHAs) produce property-specific plan(s) to protect resident life and safety during a disaster. This template…