BROADCAST EMAIL – Regulatory Update July 25, 2024 On July 19th, Rural Development (RD) published Procedural Notice (PN) 619 announcing management fees for Fiscal Year (FY) 2025. Management fees vary from state-to-state as RD based this year’s increase on HUD’s Operating Cost Adjustment Factor (OCAF) which varies based on location in the country and is…
On July 22, 2024, a broad coalition of housing providers and lenders released a letter to President Biden opposing the recent proposal to cap rents nationwide. Rent control policies have proven time and again to increase rents, reduce the capital needed to boost the supply of housing, and ultimately hurt renters today and in the future.…
On July 17, 2024, HUD’s Office of Multifamily HOusing sent out the following information: HUD’s Office of Multifamily Housing Programs has launched a new video, as part of its series of recordings to help owners of HUD-assisted multifamily housing properties as well as other stakeholders better understand a new tax credit program that can help fund 50% of…
On July 12, 2024, the Federal Housing Finance Agency (FHFA) sent out the following information: (Click here to link News Release) Tenant protections will be included in new multifamily loan agreements beginning in February 2025 IMMEDIATE RELEASE 07/12/2024 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced a set of required tenant protections for…
On July 1, 2024, the Community Development Financial Institutions Fund issued the following information on CDFI Funds’ Impact Blog: Enhancing Impact: Innovative Improvements to Capital Magnet Fund Program Regulations
On July 1, 2024, HUD’s Office of Multifamily Housing Programs sent out the following information: The Multifamily Accelerated Processing (MAP) Guide is designed to establish uniform national standards for approved Lenders to prepare, process and submit loan applications for Federal Housing Administration (FHA) multifamily mortgage insurance. Today, the Office of Multifamily Housing Programs is seeking…
CARH’s BROADCAST EMAIL—Legislative Alert June 19, 2024 On June 11, the House Agriculture, Rural Development, Food and Drug Administration and Related Agencies Appropriations Subcommittee marked-up the Fiscal Year (FY) 2025 funding proposal for USDA. The full Committee will not mark-up this bill until after the July 4th recess. As you can see from the attached…
June 10, 2024 Today, a broad coalition of groups representing America’s housing providers, lenders and residents sent members of Congress and the Biden administration a letter outlining a number of bipartisan policies to address the causes of rising insurance premiums across the nation’s housing market. The letter focused in particular on the significant negative impacts such increases…
CARH’S BROADCAST E-MAIL – Member Update June 5, 2024 The Spring 2024 edition of CARH’s Insights for On-sites has just been published and printed copies will soon be mailed to CARH members and CARH-member properties. A PDF version can also be viewed and downloaded by clicking here, or by visiting the Resources/Publications section of CARH’s…
CARH’S BROADCAST E-MAIL – Annual Meeting June 3, 2024 CARH’s Annual Meeting & Legislative Conference is just three weeks away!! The hotel room block at The Ritz-Carlton, Pentagon City is full and there is now a waiting list. If you already have a room reservation and your plans change where you are will no longer…