RHS Issues Unnumbered Letters on Allowable Expenses in MFH Properties and on Supervisory Bank Accounts for RD’s MFH Properties
Continuing Resolution for FY 2019 Signed by President—Government Programs Funded through December 7, 2018
Unnumbered Letter Issued Providing Guidance for Reallocation of Rental Assistance Units for Properties No Longer in the Program
The Department of Housing and Urban Development (HUD) published a Notice in today’s Federal Register on the Fair Market Rents for the Housing Choice Voucher Program, Moderate Rehabilitation Single Room Occupancy Program, and Other Programs Fiscal Year 2019.
Nancie-Ann Bodell has been named Director, Multifamily Housing Programs, Portfolio Management Division within Rural Development (RD). Stephanie White held this position until her retirement in the later part of 2017.
Senate Passes First of Several “Minibus Appropriations Bills” for FY 2019—Includes Funding for HUD and USDA
Updated income limits effective on June 13, 2018.
CARH Legislative Update
Montgomery Confirmed as FHA Commissioner; Seats Appointed as Deputy Assistant Secretary for Office of Multifamily Housing Programs at HUD
Yesterday, May 8, 2018, the Trump Administration released its $15 billion Proposed Rescission of Budgetary Resources, which includes taking back $40 million of Rural Development’s (RD) Section 521 Rental Assistance (RA) that was appropriated for Fiscal Year (FY) 2018.
CARH - Regulatory Alert
The purpose of this Unnumbered Letter (UL) is to provide guidance for the Multi-Family Housing (MFH) Non-Profit Asset Management Fee.
MFH GovDelivery Subscription Link - Sign up to receive emails on MFH announcements
On March 30, 2018, the Department of Housing and Urban Development (HUD) released Fiscal Year (FY) 2018 Income Limits. These income limits are effective as of April 1.
Late on the evening of March 21st, Congress unveiled a $1.3 trillion omnibus spending package H.R. 1625, Consolidated Appropriations Act, 2018, which includes funding for all of the agencies and programs through the remainder of Fiscal Year (FY) 2018, which ends on September 30, 2018. On March 22, by a vote of 211-207, a procedural vote passed the House of Representatives amid objections from both Republicans and Democrats regarding procedures followed for voting on the bill and concerns over the increase in funding, as well as not knowing the substance of the 2,232 page document.