{"id":28281,"date":"2023-04-28T12:43:06","date_gmt":"2023-04-28T16:43:06","guid":{"rendered":"https:\/\/www.carh.org\/?p=28281"},"modified":"2023-04-28T13:23:35","modified_gmt":"2023-04-28T17:23:35","slug":"rural-development-multifamily-housing-handbook-revisions","status":"publish","type":"post","link":"https:\/\/www.carh.org\/rural-development-multifamily-housing-handbook-revisions\/","title":{"rendered":"Rural Development Multifamily Housing Handbook Revisions"},"content":{"rendered":"

CARH\u2019S BROADCAST E-MAIL \u2013 Regulatory Update
\n<\/strong>
\nApril 28, 2023<\/strong><\/p>\n

Today, Rural Development sent out the following information regarding the Office of Multifamily Housing handbook revisions:<\/em><\/p>\n

The Rural Housing Service (RHS) recently posted revisions to the Multifamily Housing Handbooks.<\/p>\n

Multifamily Housing Loan Origination Handbook<\/strong><\/a>.\u00a0 Revisions were made to Chapters 1 and 5, as follows:<\/p>\n

Chapter 1<\/strong><\/a> of Handbook 1-3560, Multifamily Housing (MFH) Loan Origination, was updated to provide clarification regarding the term and period of performance for Off-Farm Labor Housing grants to comply with the federal award requirements outlined in 2 CFR 200.211.<\/p>\n

The Agency also revised the Farm Labor Housing Grant Agreement, Form RD 3560-42, to comply with 2 CFR 200.211.<\/p>\n

Chapter 5<\/strong><\/a> of Handbook 1-3560, paragraphs 5.15 and 5.18 were updated to align with approval and obligation procedures of the current organizational structure of MFH.\u00a0 References to \u201cState Office employees\u201d and \u201cLoan Approval Official\u201d were replaced with \u201cMFH Production and Preservation Division staff\u201d and \u201cMFH Staff\u201d respectively to reflect the realignment of the Office of Multifamily Housing.\u00a0 The requirement for a signed copy of the Loan Agreement or Loan Resolution was removed from Section 5.15, as these documents are required at the loan closing stage, not the loan approval stage.<\/p>\n

Multifamily Housing Guaranteed Rural Rental Housing Origination and Servicing Handbook<\/strong><\/a>. Revisions were made to Chapters 3 and 8 as follows:<\/p>\n

Chapter 3<\/strong><\/a> of Handbook 1-3565, Guaranteed Rural Rental Housing Program (GRRHP) Origination and Servicing Handbook, was updated to cite the correct website address for the income limits associated with the Section 538 GRRHP.\u00a0 References to \u201cState Office\u201d were replaced with \u201cAgency\u201d to reflect the realignment of the Office of Multifamily Housing.\u00a0 The requirement that the Agency is responsible for screening borrowers in the Do Not Pay (DNP) System was replaced with language requiring lenders to provide evidence they have properly screened borrowers in the DNP system. Exhibit 3-3 was updated to reflect the Multifamily Housing Production and Preservation Director\u2019s title and mailing address.<\/p>\n

Chapter 8<\/strong><\/a> of Handbook 1-3565 was updated to cite the correct web address for the income limits associated with the Section 538 GRRHP.\u00a0 References to \u201cState Office\u201d were replaced with \u201cAgency\u201d to reflect the realignment of the Office of Multifamily Housing. The \u201cFinance Office\u201d reference was replaced with \u201cAgency\u201d for the submission of Quarterly Reports.<\/p>\n

Please contact Abby Boggs, Program Support Branch Chief, at abby.boggs@usda.gov<\/strong><\/a> with any questions or requests for clarification.<\/p>\n

For other news and information affecting the affordable rural housing industry, please visit the Newsroom on CARH\u2019s website, www.carh.org<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

CARH\u2019S BROADCAST E-MAIL \u2013 Regulatory Update April 28, 2023 Today, Rural Development sent out the following information regarding the Office of Multifamily Housing handbook revisions: The Rural Housing Service (RHS) recently posted revisions to the Multifamily Housing Handbooks. Multifamily Housing Loan Origination Handbook.\u00a0 Revisions were made to Chapters 1 and 5, as follows: Chapter 1…<\/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-28281","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\/28281","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=28281"}],"version-history":[{"count":1,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/28281\/revisions"}],"predecessor-version":[{"id":28282,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/28281\/revisions\/28282"}],"wp:attachment":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/media?parent=28281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/categories?post=28281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/tags?post=28281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}