This FAQ document provides guidance regarding the Emergency Rental Assistance program enacted in the Consolidated Appropriations Act of 2021.
On January 15, IRS issued Notice 2021-12 providing temporary relief to state Housing Credit allocating agencies, owners, and residents of Housing Credit properties in response to the COVID-19 pandemic. Notice 2021-12 extends the deadlines and waivers originally provided by IRS under Notice 2020-53 and expands relief measures to include additional relief not previously provided by the Service. This matrix compares the accommodations IRS provides in Notice 2021-12 to recommendations for COVID-19 guidance that NCSHA sent to IRS in a November 16 letter and to existing disaster relief IRS provides under Revenue Procedures 2014-49 and 2014-50, which are applicable in cases of a presidentially-declared major disaster.
This notice extends and expands temporary relief from certain requirements under Section 42 of the Internal Revenue Code for Housing Credit properties in response to the ongoing coronavirus pandemic.
This document outlines President-Elect Biden’s proposal for a comprehensive COVID-19 relief platform, including housing aid.
This January 8, 2021, document details the recommendations NCSHA made to the Treasury Department for guidance related to the $25 billion Emergency Rental Assistance program.
The Emergency Rental Assistance Program makes available billions to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic. The funds are provided directly to states, U.S. Territories, local governments, and Indian tribes. Grantees use the funds to provide assistance to eligible households through existing or newly created rental assistance programs. Access essential information on the official program website.
On October 14, HUD updated for stakeholders of the Office of Multifamily Housing its Questions and Answers related to the coronavirus and COVID-19.
This legislation includes FY 2021 omnibus appropriations for all federal governmental departments and agencies, coronavirus relief, and tax provisions.
The Multifamily Accelerated Processing Guide, the "MAP Guide," is comprehensive instruction and requirements for the origination, underwriting and endorsement ("closing") of HUD-FHA insured mortgages for multifamily properties.