April 3, 2020

NAHMA USDA Update: USDA Rural Development Office Issues CARES Act Forbearance Request and Eviction Guidance

Please find an update from USDA Rural Development’s Office of Multi-Family Housing.  This update includes guidance on Sections 4023 (Forbearance) and 4024 (Eviction) of the Coronavirus Aid, Relief and Economic Security (CARES) Act, and how it applies to the Multifamily Direct and Guaranteed portfolios. The Coronavirus Aid, Relief, and Economic Security (CARES) Act (Pub. L. 116-136) was signed into law […]
April 2, 2020

RAD and COVID-19, RAD in the FY 2021 Budget, RAD/Section 8 Blends, and New Training Available

Please find an update from HUD’s Rental Assistance Demonstration (RAD), via their RADBlast.  This update includes information on continuing conversions amid COVID-19, Proposed improvements and expansion included in HUD’s FY21 budget request, FAQs for RAD/Section 18 Blend, and new PHA trainings for Asset Repositioning. In this RADBlast: Continuing RAD Conversions Amid COVID-19 RAD Improvements and Expansion Proposed in the FY […]
April 2, 2020

HUD releases FY 2020 Income Limits

HUD released the Fiscal Year (FY) 2020 estimated Median Family Incomes (MFIs) and the FY 2020 Income Limits. MFIs are used as the basis for income limits in several HUD programs, including the Public Housing, Section 8 project-based, Section 8 Housing Choice Voucher, Section 202 housing for the elderly, and Section 811 housing for persons with disabilities programs. HUD also […]
March 19, 2020

State Postpones Tax Deadlines Until July 15 Due to the COVID-19 Pandemic

The Franchise Tax Board (FTB) today announced updated special tax relief for all California taxpayers due to the COVID-19 pandemic. FTB is postponing until July 15 the filing and payment deadlines for all individuals and business entities for: 2019 tax returns 2019 tax return payments 2020 1st and 2nd quarter estimate payments 2020 LLC taxes and fees 2020 Non-wage withholding […]