On April 18, 2024, HUD sent out the following information: Today, HUD’s Office of Multifamily Housing published a Mortgagee Letter & Housing Notice, revising our Federal Housing Administration (FHA) Multifamily property insurance requirements for wind and named storm coverage by increasing the maximum casualty insurance deductible amount for wind or named storm coverage to the…
On April 18, 2024, USDA sent out the following information: WASHINGTON, April 18, 2024: U.S. Department of Agriculture (USDA) Rural Development Under Secretary Dr. Basil Gooden announced today that the Department will host a community roundtable on Thursday, May 2 from 2:00 to 3:30 p.m. ET, to ensure tenants of USDA-financed properties know and understand…
On April 16, 2024, Rural Development sent out the following Multifamily Stakeholder Announcement: Washington D.C., April 16, 2024 – Rural Development (RD) is pleased to announce new decoupling authority, provided in the Consolidated Appropriations Act of 2024, to decouple Rural Housing Service (RHS) (hereinafter the “Agency”) rental assistance (RA) from direct loans for maturing properties.…
CARH BROADCAST E-MAIL – Annual Meeting Update April 17, 2024 1) Board of Directors Questionnaire for Candidates Due May 31st – Five Open Positions Serving on the CARH Board of Directors is an excellent opportunity to actively support your organization and to help develop policies and initiatives that will positively impact the affordable rural housing…
CARH’S BROADCAST EMAIL – MEMBER UPDATE April 16, 2024 As announced on March 20th, if you haven’t already done so, it’s time for your company to participate in CARH’s Top 20 for 24 survey (formerly the CARH 2020 survey). This is the 10th year that CARH has conducted the survey which, when completed and analyzed,…
On April 15, 2024, CARH, along with other industry stakeholders, submitted comments to HUD’s Request for Information regarding the Build America, Buy America Act.
On April 11, 2024, HUD’s Office of Multifamily Housing sent out the following information: Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon invites interested parties to join a stakeholder listening session to share their feedback on HUD’s proposed modifications to the Performance-Based Contract Administrator (PBCA) program. “The PBCA program is essential to…
On April 10, HUD sent the following information: Please join us for the FY23 Section 202 Supportive Housing for the Elderly Notice of Funding Opportunity (NOFO) Webinar on Wednesday, April 17, 2024, from 2:00pm to 3:30pm EST. This webinar will provide a general overview of the NOFO, highlighting key application topics. The FY23 Section 202…
On April 10, HUD sent out the following information: The deadline for the Service Coordinator Notice of Funding Opportunity (NOFO), announced on December 15, 2023, was extended. The new application deadline is May 23, 2024, at 11:59pm EST. The funding amount available is $40 million dollars and will be used to fund 3-year grants for both…
CARH’S BROADCAST E-MAIL – Regulatory Update April 3, 2024 Recently, the Rural Development (RD) and the Department of Housing & Urban Development (HUD) published the following notices in the Federal Register: Rural Housing Service: 30-Day Notification of Nonpayment of Rent in Multi-Family Housing Direct Loan Programs Final Rule dated March 25, 2024. Rural Housing Service…