December 9, 2022<\/p>\n
Rural Development’s Office of Multifamily Housing sent out the following information:<\/em><\/p>\n Multifamily Housing (MFH) has developed a pilot program for simple transfers under authority in Section 506(b) of the Housing Act of 1949, as amended (42 U.S.C. \u00a71476(b)). The purpose of the pilot program is to reduce application requirements for certain types of transfers, resulting in lower transaction-related costs for applicants and improved processing times. MFH will use the findings from the pilot program to inform future handbook and regulatory changes and advance Agency efforts to preserve and revitalize the MFH portfolio.<\/p>\n Agency staff provided information on the pilot program during a stakeholder listening session on September 28, 2022. \u00a0The PowerPoint presentation from the listening session is available on the\u00a0Multifamily Housing Direct Loans website<\/a> <\/strong>under the \u201cEvents\u201d tab.<\/p>\n A Federal Register<\/em> Notice<\/a><\/strong> announcing the pilot program was published on December 9, 2022.<\/p>\n Owners who are interested in the pilot program should contact the project\u2019s assigned servicing specialist in the MFH Field Operations Division. The assigned specialist can be found on the Agency\u2019s website at https:\/\/www.sc.egov.usda.gov\/data\/MFH.html<\/a><\/strong> by selecting the link under the heading Multifamily Housing 514 & 515 Property Assignments<\/strong>. The servicing specialist\u2019s name is listed in the column \u201cAssigned To\u201d and the specialist\u2019s email is in the column \u201cAssigned To Email.\u201d<\/p>\n For general information about the pilot program, contact Stephanie Vergin, MFH Production and Preservation Division, at stephanie.vergin@usda.gov<\/a><\/strong> or David Willis, Asset Management Division, at david.willis2@usda.gov<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" December 9, 2022 Rural Development’s Office of Multifamily Housing sent out the following information: Multifamily Housing (MFH) has developed a pilot program for simple transfers under authority in Section 506(b) of the Housing Act of 1949, as amended (42 U.S.C. \u00a71476(b)). The purpose of the pilot program is to reduce application requirements for certain types…<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[1],"tags":[],"class_list":["post-27742","post","type-post","status-publish","format-standard","hentry","category-uncategorized","category-1","description-off"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/27742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/users\/263"}],"replies":[{"embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/comments?post=27742"}],"version-history":[{"count":1,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/27742\/revisions"}],"predecessor-version":[{"id":27743,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/27742\/revisions\/27743"}],"wp:attachment":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/media?parent=27742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/categories?post=27742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/tags?post=27742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}