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COVID-19 INFORMATION
Member Only information can be found HERE. You must log in with your username and password to access.
CARH Documents:
- July 22, 2020 Letter to Senate Leaders asking that the Senate, as they deliberate new COVID-19 legislation, include initiatives not included in previous bills that will help low-income residents who live in rural communities throughout the country.
- July 17, 2020 Letter to Senate Leaders sharing stakeholder concerns on proposals that would extend and expand the federal eviction moratorium established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
- July 15, 2020 Letter to Congressional Leaders requesting Congress to include the following provisions in the next COVID relief package:
- Create an Emergency Rental Assistance Program
- Limit and Further Target Eviction Moratorium
- Provide Financial Mitigation and Mortgage Forbearance Protections
- Increase Funding for the U.S. Department of Agriculture’s (USDA), Rural Development (RD) Rental Assistance (RA) programs
- Create a Federal Reserve Credit Facility for Mortgage Services
- Expand the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) to Include All Multifamily Businesses
Below are links from relevant agencies and other sources regarding the COVID-19. Check these links periodically for any updates:
- Administration’s Update (June 26 2020)
- CDC – Coronavirus Disease 2019 (COVID-19)
- Department of Labor Coronavirus Resources Page
- Fannie Mae
- Fannie Mae Issues Updated Multifamily Lender Guidance (March 31, 2020)
- Federal Emergency Management Agency
- Federal Reserve Board
- Main Street Lending Program
- Main Street Lending Program FAQs (April 30, 2020)
- Freddie Mac COVID Resources/Guidance Hub
- Ginnie Mae
- Homeland Security – Cybersecurity and Infrastructure Agency (CISA)
- HUD – Coronavirus (COVID-19) Information & Resources
- Multifamily Q&A for COVID-19 (May 21, 2020) NOTE: Click here for the July 31 PDF of the Multifamily Q&A for COVID_19. HUD is experiencing technical issues in updating the online version
- (If you see an earlier version, refresh your browser)
- Letter from the Office of Public and Indian Housing and the Office of Multifamily Housing (March 13, 2020)
- COVID-19 FAQs for the Public Housing, Housing Choice Voucher (HCV) (including the Project-based Voucher Program (PBV)) and Native American Programs (March 13, 2020)
- FAQs About COVID-19 for Fair Housing Initiatives Program (FHIP) Grantees and Applicants (March 19, 2020)
- A Message from Secretary Carson Regarding HUD.gov Resources (March 16, 2020)
- Multifamily closings during COVID-19 pandemic – best practices (March 19, 2020)
- Community Development Block Grant Disaster Recovery (CDBG-DR) COVID-19 FAQs (March 31, 2020)
- Updated COVID-19 Guidance Multifamily Conference Call (April 7, 2020)
- CARES Act Flexibilities for CDBG Funds Used to Support Coronavirus Response and plan amendment waiver (April 9, 2020)
- CPD Memo: Availability of Waivers and Suspensions of the HOME Program Requirements in Response to COVID-19 Pandemic (April 10, 2020)
- HUD Issues Memoranda on Suspensions and Waivers for HOME Program COVID-19 Response (April 10, 2020)
- Section 223(f) Underwriting Mitigants for Multifamily Housing Projects Due to Economic Impact of COVID-19 Emergency (April 13, 2020)
- Dear Multifamily Stakeholders, We have received many questions about tenant income during the pandemic, specifically about unemployment payments and the stimulus tax credit. We updated the Multifamily Q&A for COVID-19 with an answer on page 9. It says: Household stimulus payments of up to $1,200 (which is technically an advance tax credit) and the temporary $600 per week federal enhancement to unemployment insurance provided by the CARES Act are not to be included in calculations of income. However, HUD notes that regular payments of unemployment insurance (issued by the state) are treated as income, as is customary under program rules.
Please listen to the latest program updates on SoundCloud. - HUD Awards $1.5 Million in Funding to Support COVID-19 Related Fair Housing Activities (April 20, 2020)
- Addressing Tenant Concerns During the COVID-19 National Emergency (April 2020)
- Update on Allocation of Funding from the CARES Act (June 5, 2020)
- Mortgagee Letter 2020-19, Extension of Foreclosure and Eviction Moratorium in Connection Presidentially-Declared COVID-19 National Emergency (June 17, 2020)
- Housing Notice 2020-7 Coronavirus Aid, Relief, and Economic Security (CARES) Act Eviction Moratorium (July 1, 2020)
- Promoting Housing Stability During The Covid-19 National Emergency: Information for Multifamily Property Owners and Management Agents (July 2020)
- Multifamily Q&A for COVID-19 (May 21, 2020) NOTE: Click here for the July 31 PDF of the Multifamily Q&A for COVID_19. HUD is experiencing technical issues in updating the online version
- Small Business Administration – Coronavirus (COVID-19): Small Business Guidance & Loan Resources
- Department of Treasury
- Assistance for Small Businesses
-
Borrower Application Form (April 2, 2020)
-
Frequently Asked Questions (Updated April 13, 2020)
- IRS Provides Short-Term Extensions to Certain Housing Credit and Housing Bond Deadlines Due to COVID-19
- IRS Regulatory Relief Available During COVID-19 Pandemic – Prepared by NCHSA (April 21, 2020)
- Notice 2020-32 – Clarifies that taxpayers are not allowed a deduction for an expense if payment of the expense results in forgiveness of a Paycheck Protection Program (PPP) loan and the income associated with the forgiveness is excluded from gross income. (May 4, 2020)
- Revenue Procedure 2020-21 – Guidance concerning tax-exempt private activity bonds (PABs), which are used with 4 percent low-income housing tax credits to finance affordable housing. (May 4, 2020)
- Notice 2020-25 – Expanded Temporary Rule Allowing Governmental Issuers to Purchase Certain of Their Own Tax-Exempt Bonds (May 4, 2020)
- IRS provides tax relief for the low-income housing credit and bonds for qualified residential rental projects (July 1, 2020)
- Assistance for Small Businesses
- USDA – Coronavirus Disease (COVID-19)
- USDA Provides Guidance on Multi-Family Housing in the Wake of COVID-19 (March 19, 2020)
- USDA Implements Immediate Measures to Help Rural Residents, Businesses and Communities Affected by COVID-19 (April 1, 2020)
- Rural Development’s COVID-19 Information (March 27, 2020)
- Rural Development’s Multifamily Housing CARES Act Forbearance Request Guidance (April 2, 2020)
- RD FAQs for Multifamily Stakeholders (April 6, 2020)
- COVID-19 Multifamily Stakeholder FAQ–PART 2 (April 10, 2020)
- USDA Unveils Tool to Help Rural Communities Address the COVID-19 Pandemic (April 13, 2020)
- Section 538 Forbearance Guidance (April 17, 2020)
- USDA Rural Development Issues Frequently Asked Questions for Multi-Family Housing Tenants (May 6, 2020)
- USDA Rural Development Update to FAQ for Multifamily Housing (July 20, 2020)
- USDA Implements Immediate Measures to Help Rural Residents, Businesses and Communities Affected by COVID-19 (August 5, 2020)
- World Health Organization – Coronavirus Disease (COVID-19) Pandemic
- State & Local Information
- Council of State Government State Executive Orders
- National Governors Association State Action Tracker
- National League of Cities COVID-19 Local Action Tracker
- Cybersecurity & Infrastructure Security Agency Guidance on Essential Workers During COVID-19 (Recommendations to States and Localities, Not Binding Regulation – Updated on March 28 to explicitly recognize property management and housing construction)
- Additional Resources
NIXON PEABODY, LLP ALERTS
- Nixon Peabody Affordable Housing Alert – HUD Issues FAQs for Owners of Multifamily Assisted Housing on Dealing with COVID-19 (March 16, 2020)
- COVID-19’s impact on California workers’ compensation insurance exposure (March 26, 2020)
- SBA Issued its Interim Rule Clarifying and Changing the PPP Loan Program (April 3, 2020)
- Review of the SBA’s interim final rule implementing the Paycheck Protection Program (April 6, 2020)
- U.S. Department of Labor’s new guidance on CARES Act’s Pandemic Unemployment Assistance program and $600 weekly Federal Pandemic Unemployment Compensation (April 8, 2020)
- Main Street Lending Program established to facilitate lending to small and medium-size businesses, including those with over 500 employees (April 9, 2020)
- HUD issues mortgagee letters implementing new debt service reserve requirements and forbearance protocol during coronavirus (COVID-19) (April 13, 2020)
- Update 4.0: HUD issues updated coronavirus (COVID-19) guidance (April 15, 2020)
- New guidance from Small Business Administration emphasizes “need” in Paycheck Protection Loans (April 24, 2020)
- Evaluating the Paycheck Protection Program versus the Employee Retention Credit (April 25, 2020)
- New IRS guidance dampens benefits of coronavirus (COVID-19) relief under the Paycheck Protection Program (May 4, 2020)
- Updated HUD FAQs provide additional details regarding asset management issues, multifamily production issues and Mortgagee Letter 2020-11 (May 4, 2020)
- IRS provides relief for municipal bond issuers in response to COVID-19 pandemic (May 7, 2020)
- As Congress moves towards fixing the CARES Act, some borrowers seek relief from arguably invalid SBA rulemaking through the Administrative Procedures Act (May 12, 2020)
- SBA provides some clarification on the good-faith certification and creates new safe harbor for PPP loans (May 13, 2020)
- SBA extends safe harbor date for PPP loans to May 18, 2020 (May 14, 2020)
- Big changes coming to the Paycheck Protection Program (PPP) (June 4, 2020)
- Expanded Main Street Lending Program (June 10, 2020)
- HUD updates CARES Act waivers for Public and Indian Housing programs, including Section 8 (July 7, 2020)
- New HUD guidance focuses on eviction concerns (July 22, 2020)
- Virginia adopts nation’s first COVID-19 OSHA standards (July 22, 2020)
- How do federal tax changes affect your state taxes? (July 24, 2020)
- Money available for COVID relief to properties receiving Project-Based Rental Assistance (July 27, 2020)