COVID-19

NH&RA is hosting a members-only town hall to provide a forum for affordable housing owners and operators to share COVID-19 best practices on Thursday, March 26 from 3:00-4:30 pm EDT.

Following President Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department and Internal Revenue Service issued guidance allowing all individual and other non-corporate tax filers to defer up to $1 million of federal income tax (including self-employment tax) payments due on April 15, 2020, until July 15, 2020, without penalties or interest.

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable to pay rent due to the impact of Coronavirus.

Senate Majority Leader Mitch McConnell (R-KY), Senate Minority Leader Chuck Schumer (D-NY) and Treasury Secretary Steven Mnuchin have reportedly reached an agreement on nearly $2 trillion emergency relief package in response to the coronavirus pandemic, which contains:

The Ohio Housing Finance Agency (OHFA) will hold the April 1 Compliance Policies and Regulations training session on Tuesday, April 21 as a webinar. The May 19 training will also be a webinar. Both trainings will be 3.5 hours at 12:30 – 4:00 pm EDT.

Owners of multi-family housing properties who wish to use a “rehab-in-place” strategy during the current public health emergency must take extra precautions, both to protect against the spread of COVID-19 and to protect themselves from liability.

Nixon Peabody provides an update for owners, managers and other providers of multifamily housing facing challenges in responding to the COVID-19 virus, including just-released guidance from the CDC.

Assistant Secretary for Housing and Federal Housing Commissioner Brian Montgomery issued a video message regarding COVID-19. Commissioner Montgomery said that while his goal “to keep this segment of the economy moving and to ensure that American’s have access to safe, decent and affordable housing” stakeholders should expect processing delays as FHA employees transition to work from home.

The Centers for Disease Control and Prevention (CDC) posted interim guidance on preventing the spread of COVID-19 in retirement communities and independent living facilities.

New Hampshire Housing Finance Agency (NHHFA) is operating during our normal business hours of 8:30 am – 5:00 pm EDT.

Per Governor Noem’s Executive Order aimed at controlling the spread of COVID-19 in South Dakota, South Dakota Housing Development Authority (SDHDA) personnel will continue working remotely March 23-27, 2020.

During the COVID-19 outbreak the Alabama Housing Finance Authority (AHFA) Multifamily Division will implement emergency measures to address the work of the department in the safest possible manner.