by Audra Garrison | Nov 9, 2023 | Industry News
The 2016 Housing Opportunity Through Modernization Act (HOTMA) imposes new asset limits for some residents of some HUD housing. Changes to HUD’s interpretation of HOTMA and a delay in HUD’s HOTMA implementation have led to confusion about the new asset limits. This...
by Audra Garrison | Nov 2, 2023 | Industry News
Proposed Rule – Updates to Multifamily Housing Insurance Requirements The Rural Housing Service (RHS) Office of Multifamily Housing (MFH) published a proposed rule on Wednesday, October 25, 2023 (Federal Register Vol. 88 No. 205) to update current...
by Audra Garrison | Oct 26, 2023 | Industry News
On August 23, 2023, the Department of Labor (DOL) published the final rule that updates regulations issued under the Davis-Bacon and Related Acts. This is the first comprehensive regulatory review in nearly 40 years. Revisions to these regulations will promote...
by Audra Garrison | Oct 12, 2023 | Industry News
On October 2, 2023, Rural Development (RD) released Version 8.3.1 of the Preliminary Assessment Tool (PAT). RD underwriters use the PAT to document Multifamily Housing (MFH) transfer and Multifamily Preservation and Revitalization (MPR) credit-extending or loan...
by Audra Garrison | Oct 5, 2023 | Industry News
As the home for Service Coordinators, AASC is dedicated to giving you the tools you need to unlock professional success. We’re proud to unveil the results of the 2023 Salary Survey to help you and your employer advocate for the future! Earlier this spring, we sought...
by Audra Garrison | Aug 30, 2023 | Industry News
Prior to realignment and occasionally within the realigned model, the Processing and Report Review Branch has often provided relief to 515, 514/516 FLH, MPR, 538, and Transfer applicants submitting application documents and third-party documents prior to the...
