HUD’s Office of Multifamily Housing sent out the following information regarding the September 23 webinar regarding the Emergency Rental Assistance Program: The recording of the September 23, 2021, HUD and Treasury Emergency Rental Assistance webinar is now available. View it on YouTube and access the presentation slides here. Treasury’s Emergency Rental Assistance (ERA) program makes funding available to assist households…
CARH’s Broadcast Email—Legislative Alert Issue As reported in CARH’s August 26, 2021, Broadcast Email, both the House and Senate passed a budget resolution which would authorize $3.5 trillion in spending and taxes during Fiscal Year (FY) 2022 and in many instances, for several additional years. The budget resolution passed by both the House and Senate…
On September 16, 2021, HUD published Notice H 2021-05, Continued Availability of Funds for COVID-19 Supplemental Payments for Properties Receiving Project-Based Rental Assistance under the Section 8, Section 202, or Section 811 Programs.
On September 13, 2021, the ACTION Campaign, which CARH is a member of the steering committee, sent a letter to the House Ways and Means Committee Chair Richard Neal in support of the proposals to increase Housing Credit production. The ACTION Campaign and CARH will continue to weigh in with House and Senate leadership and…
BROADCAST EMAIL – Regulatory Update To today’s Federal Register, HUD published a Notice entitled, “Statutorily Mandated Designation of Difficult Development Areas and Qualified Census Tracts for 2022” for purposes of the low-income housing tax credit (LIHTC). LIHTC developments in DDAs or QCTs are eligible for as much as 30 percent more LIHTC subsidy. The designations…
On September 8, 2021, the Office of the Comptroller of the Currenency issued the following Press Release: The Office of the Comptroller of the Currency (OCC) is soliciting comments on proposed rules to rescind the Community Reinvestment Act (CRA) rule issued in 2020 and replace it with rules adopted jointly by the Federal banking agencies…
Today, the Federal Housing Finance Agency (FHFA) issued a press release annoucing equitable housing finance plans for Fannie Mae and Freddie Mac.
BROADCAST EMAIL – Regulatory Update Today, Rural Development (RD) published a Procedural Notice (PN) 553 announcing final management fees for Fiscal Year (FY) 2022. The base fee will increase by $2 over the FY 2021 base fee. Management fees will vary from state-to-state because RD bases the increase on HUD’s Operating Cost Adjustment Factor (OCAF)…
On September 1, The White House issued the Fact Sheet: Biden-Harris Administration Announces Immediate Steps to Increase Affordable Housing Supply. Below are other agency statements on this cross-agency effort. HUD Announces Cross-Agency Efforts to Increase Affordable Housing Supply FHFA Acting Director Sandra L. Thompson’s Statement on Executive Branch Housing Supply Initiative
On August 31, 2021, Rural Development’s Office of Multifamily Housing sent out the following notice: Multifamily Housing Partners, On August 12, 2021, Rural Development Multifamily Housing leadership held a meeting providing a quarterly update to our external partners. The update included information about Emergency Housing Vouchers, American Rescue Plan, Letter of Priority Entitlement (LOPE),…