The HEROES Act – H.R. 6800: New Legislation Intended to Address the COVID-19 Pandemic Introduced in the House

CARH’s BROADCAST EMAIL – Legislative Update On May 13, 2020, H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, was introduced in the U.S. House of Representatives. The legislation, if enacted into law, would provide an additional $3 trillion in stimulus funding to state and local governments, individuals, and businesses as COVID-19…

Continue reading

Section 538 Forbearance Guidance

From Rural Development: Multifamily Housing (MFH) has prepared Section 538 forbearance guidance on Section 4023 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Pub.L. 116-136). In addition to the attached letter to lenders explaining how the CARES Act applies to the Guaranteed Rural Rental Housing Program, the two attached sample documents may be…

Continue reading