HUD issues updates to FAQs for owners of multifamily assisted housing on dealing with COVID-19 and legal guidance for closing transactions
Announced moratorium on evictions and foreclosures is limited to single-family housing and does not affect multifamily properties. HUD has updated previously released FAQs, providing additional guidance for owners and managers of HUD-insured and HUD-assisted multifamily housing. This alert reviews the new guidance and newly established protocols for closing FHA-insured multifamily loans and other transactions during remote work situations. Read the article.
Treasury delays tax filing deadline to July 15
Treasury Secretary Steven Mnuchin announced via Twitter that the deadline for filing tax returns is being moved from April 15 to July 15, after his department earlier this week similarly extended the due date for tax payments amid the coronavirus.