USDA
NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator
ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
USDA Rural Development Decoupling Program Development Stakeholder Session – April 25
The decoupling of rental assistance from Section 514/515 loans under the Consolidated Appropriations Act of 2024 will now permit properties with Section 514/515 maturing mortgages to continue to receive rental assistance to further preserve affordable housing. A stakeholder engagement session is being held on April 25 at 2 p.m. ET and those interested in participating are encouraged to register.
Flexibility Increased for Rural Multifamily Owners to Use Surplus Cash
A new regulation allows owners of properties with financing from USDA’s Section 515 and 514/516 rental programs to apply cash to approved soft debt.
USDA Formalizes 30-Day Written Eviction Notices
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.
Biden-Harris Administration Releases FY 2025 Budget Request; Housing Featured in State of the Union
Earlier this week, the Biden-Harris administration released its Fiscal Year (FY) 2025 budget request, which serves as a marker for policy priorities, especially during a presidential election year.
USDA Publishes Proposed Rule Updating Insurance Requirements for Multifamily Housing Programs
The U.S. Department of Agriculture’s Rural Housing Service (RHS) Office of Multifamily Housing announced a proposed rule that would update the insurance coverage and deductible requirements that have been in place since 2004 for its multifamily direct loan and grant programs.