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Archive March 2021

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RADBlast! New Section 3 Rule in RAD Public Housing Conversions

"Section 3” ensures that employment and other economic opportunities generated by Federal financial assistance for housing and community development programs are, to the greatest extent feasible, directed toward low- and very low-income persons, particularly those who receive government assistance for housing.

Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19

The CDC has announced a 90-day extension of the federal eviction moratorium.

NAHMAnalysis--The American Rescue Plan Act

Proposed by President Biden in January and signed into law in March, the American Rescue Plan Act seeks to facilitate the United States' recovery from the devastating economic and health effects of the COVID-19 pandemic.

HUD Releases 2020 Annual Homeless Assessment Report Part 1

The U.S. Department of Housing and Urban Development (HUD) today released its 2020 Annual Homeless Assessment Report Part 1 to Congress.

NAHMA LIHTC Update: Low-Income Housing Tax Credit Rates for April 2021 & 2021 Resident Population Figures

Please find two recent IRS updates related to the Low-Income Housing Tax Credit (LIHTC) program.

NAHMA Update: Treasury Publishes Revised Emergency Rental Assistance Program FAQs

The Department of Treasury has updated the Frequently Asked Questions (FAQs) for the Emergency Rental Assistance Program (ERAP).

NAHMA USDA Update: USDA Issues Environmental Policies and Procedures for Section 538 Guaranteed Rural Rental Housing Program

Please find below an announcement from Rural Development’s Office of Multifamily Housing regarding the National Environmental Policy Acts environmental regulations requiring every funding proposal to undergo a review for extraordinary circumstances, including adverse effects on historic properties.

NAHMA USDA Update: Multifamily Housing Leasing Policies and Emergency Rental Assistance

Please find below a recent announcement from USDA’s Office of Rural Development regarding recent updates to eviction requirements under the CARES Act and existing leasing policies, and to notify Borrowers and Management Agents of letters being sent to Section 515 and Section 514 tenants from Rural Development.

Marcia Fudge Sworn in As Secretary of Housing and Urban Development

Today, Marcia L. Fudge was officially sworn in as the eighteenth Secretary of Housing and Urban Development.

NAHMA USDA Update: Annual Financial Reporting Requirements for Multifamily Borrowers

Please find below a recent announcement from Rural Developments Office of Multifamily Housing regarding annual financial reporting requirements for multifamily borrowers.
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