{"id":28636,"date":"2023-07-31T11:19:27","date_gmt":"2023-07-31T15:19:27","guid":{"rendered":"https:\/\/www.carh.org\/?p=28636"},"modified":"2023-07-31T11:19:27","modified_gmt":"2023-07-31T15:19:27","slug":"rd-timeframes-for-closing-calendar-year-end-2023-transactions","status":"publish","type":"post","link":"https:\/\/www.carh.org\/rd-timeframes-for-closing-calendar-year-end-2023-transactions\/","title":{"rendered":"RD: Timeframes for Closing Calendar Year-End 2023 Transactions"},"content":{"rendered":"

Rural Housing Services’ Multifamily Housing Production and Preservation Division sent out the following information on July 27, 2023:<\/em><\/p>\n

For customer awareness and transaction planning, Rural Development\u2019s Office of Multifamily Housing\u2019s Production and Preservation (P2) Division, is announcing its 2023 calendar year-end closing schedule.<\/span><\/p>\n

Owners and applicants intending to close a transaction on or before December 29, 2023 must have fully executed conditional commitments \/ letters of conditions, and all outstanding information and documentation submitted to P2, on or before Friday, October 6, 2023. \u00a0This includes having fully approved third-party reports and construction documents.\u00a0<\/span><\/p>\n

Multifamily Housing is setting this deadline to prioritize its resources to assist customers with critical, time-sensitive calendar year-end deadlines. \u00a0A closing prior to calendar year-end is not guaranteed and will depend on timeliness and completeness of responses and any modifications to the transaction.\u00a0 The P2 Division will ask applicants to communicate critical deadlines and closing dates for transactions.\u00a0 P2 will also continue to transparently communicate processing timeframes with our lending partners, so that execution expectations can be managed.\u00a0\u00a0\u00a0<\/span><\/p>\n

For applicants that are not able to meet the October 6th<\/sup> deadline, P2 will work to coordinate and establish a target closing date that will be after January 1, 2024.<\/span><\/p>\n

Questions or concerns about an application\u2019s status must be communicated to the P2 specialist assigned to the transaction.\u00a0 Additional contact information can be found on the Multifamily Organizational Chart<\/strong>.<\/span><\/a><\/span><\/p>\n

For additional information, please contact the Multifamily Housing Production & Preservation Program Support Branch at MFH.ProgramSupport@usda.gov<\/span><\/a><\/strong>.<\/span><\/p>\n

To subscribe to USDA Rural Development updates, visit the GovDelivery subscriber page.<\/span><\/a><\/strong><\/span><\/p>\n

Thank you,<\/span><\/p>\n

Daniel J. Rogers
\nDirector, Production & Preservation Division
\nMultifamily Housing | Rural Development
\nUnited States Department of Agriculture<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Rural Housing Services’ Multifamily Housing Production and Preservation Division sent out the following information on July 27, 2023: For customer awareness and transaction planning, Rural Development\u2019s Office of Multifamily Housing\u2019s Production and Preservation (P2) Division, is announcing its 2023 calendar year-end closing schedule. Owners and applicants intending to close a transaction on or before December…<\/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-28636","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\/28636","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=28636"}],"version-history":[{"count":1,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/28636\/revisions"}],"predecessor-version":[{"id":28637,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/28636\/revisions\/28637"}],"wp:attachment":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/media?parent=28636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/categories?post=28636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/tags?post=28636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}