MBA Comment Letter on Rural Housing Service’s Proposed Insurance Regulation

2023 Comment Letters Commercial / Multifamily FHA Multifamily Flood Insurance GSE Multifamily Policy Issue
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The undersigned organizations representing participants in the affordable and conventional multifamily housing industry, including owners, developers, managers, and lenders are pleased to submit comments on the proposed rule entitled “Insurance Requirements in Multi-Family Housing Direct Loan and Grant Programs” issued by the Rural Housing Service (“RHS”) on October 25, 2023 (the “Proposed Rule”). Members of the undersigned organizations work closely with RHS to ensure that the residents of affordable rural housing live in safe and sanitary housing that is adequately protected by insurance policies that make sense and offer good value to allow the owners to operate the properties.