A new Rural Housing Service rule requires owners of Section 515 and 514/516 rental properties to give tenants written notification at least 30 days before terminating a lease or taking eviction actions. The notice must include instructions on how a tenant can cure the nonpayment to avoid eviction and how to recertify household income. These notices will be required after April 24, 2024, and they must be included in leases by Sept. 25, 2025. For more information, contact Michael Resnik at michael.resnik@usda.gov or 202-430-3114.
Related Posts
Senate, House Hold FY 2025 HUD Appropriations Hearings – April 30 & May 1
Senate, House Hold FY 2025 HUD Appropriations Hearings – April 30 & May 1
Supreme Court Hears Oral Arguments on Local Bans on Homeless Encampments
On Monday, the U.S. Supreme Court heard oral arguments in City of Grants Pass, Oregon v. Johnson.
HUD Updates Multifamily Wind and Storm Insurance Policy
HUD announced an increase in deductibles for wind and named insurance coverage for multifamily properties financed with FHA-insured mortgages as a measure to address rising wind and storm insurance costs in recent years with extreme weather events expected to continue.
EPA Awards Solar for All Grants, NHT Selected
The Environmental Protection Agency (EPA) awarded grants under the $7 billion Solar for All program, which will create or expand existing low-income solar programs.