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Emily Brett Emily Brett

USDA Rural Development Publishes Final Rule Updating Insurance Requirements for Multifamily Housing Properties

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The U.S. Department of Agriculture’s Rural Housing Service (RHS) is delivering on the Trump Administration’s priority to streamline and modernize government services. The agency is issuing a final rule updating insurance requirements for properties in its Multifamily Housing Section 515 Rural Rental Housing and Sections 514 and 516 Farm Labor Housing portfolio. The final rule modernizes outdated insurance standards, addresses rising insurance costs, and improving borrower flexibility and clarity.

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Emily Brett Emily Brett

USDA Rural Development Publishes Final Rule Removing 30-Day Notice Requirement for Nonpayment of Rent

The U.S. Department of Agriculture's Rural Housing Service (RHS) is delivering on the Trump Administration's mandates to reduce regulatory burden by publishing a final rule rescinding the regulatory requirement of the minimum 30-day notice for nonpayment of rent before initiating eviction proceedings. The final rule removes burdensome and duplicative requirements for RHS Multifamily Housing Program borrowers.

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HUD, HOME Final Rule Renee Reithel HUD, HOME Final Rule Renee Reithel

HUD HOME Investment Partnership Program Updates and Effective Dates

HUD has delayed the effective date of the HOME Final Rule from February 5 to April 20, 2025, with additional delays on certain provisions—such as green building standards and tenant protections—until October 30, 2025. The Notice also withdraws a previously planned regulatory change related to maximum per-unit subsidy amounts, underwriting, and subsidy layering.

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Legislative, Tax Reform, Housing Credits Renee Reithel Legislative, Tax Reform, Housing Credits Renee Reithel

Affordable Housing Credit Improvement Act Reintroduced in House

On April 8, the bipartisan Affordable Housing Credit Improvement Act of 2025 (AHCIA) was reintroduced in the House with 114 original co-sponsors, aiming to expand and strengthen the Low-Income Housing Tax Credit. Key provisions include a 50% increase in Housing Credit allocations, a reduced bond financing threshold, and targeted support for rural and underserved communities, projected to create nearly 1.6 million affordable homes over the next decade.

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