WASHINGTON, DC, Dec. 17, 2025 - The U.S. Department of Agriculture (USDA) Rural Development’s Office of Multifamily Housing (MFH) is notifying borrowers, management agents, and lenders of upcoming modernization changes to the reserve request withdrawal process.

Revised Compliance Date: Implementation of Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA)

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On April 18, 2025, RD issues PN 638, which updates HB-1-3565 (Guaranteed Rural Rental Housing Program Origination and Servicing Handbook) and Form RD 3560-8 (Tenant Certification).

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.

On April 14, 2025, the U.S. Department of Agriculture (USDA) announced several key presidential appointments to senior staff positions, reinforcing its leadership team under Secretary Brooke Rollins.

On April 10, 2025, the Senate Committee on Banking, Housing, and Urban Affairs held a Nomination Hearing for HUD nominees Andrew Hughes (Deputy Secretary) and David Woll (General Counsel).

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.