Legislative Update - February 26, 2026

From NAA: HUD, USDA Revoke 30-Day Notice Rules
On February 26, 2026, the U.S. Department of Housing and Urban Development (HUD) released its interim final rule ending the requirement to provide a 30-day notice before termination of lease in project-based rental assistance (PBRA) properties and for public housing agencies (PHAs). This rule becomes effective on March 30, 2026. These announcements are an important step in the right direction to eliminate federal enforcement of the CARES Act notice; however, it is important to note that enforcement of the CARES Act 30-day notice for covered housing is still a matter of legal controversy. Members should consult with their local counsel if they have operational questions regarding their internal practices as a result of the agencies’ actions. Read more.

FinCEN’s New Residential Real Estate Reporting Rule
Beginning March 1, 2026, the Residential Real Estate Rule requires certain professionals involved in real estate closings and settlements to submit reports to FinCEN regarding certain non-financed transfers of residential real estate to legal entities or trusts. The Real Estate Report is a form issued by FinCEN for the purpose of reporting information on transfers of certain residential real estate that are a high risk for illicit finance. Click here for more information, including an FAQ.

ICYMI:

• San Diego Apartment Vacancy Hits 15-Year High as Renters Feel Financial Burden
• HUD looks to pull federal housing assistance for families with mixed immigration status
• CA Lawmaker Aims to Protect Renters Who Rely on Section 8 Vouchers
• Proposal advances to tax empty second homes in San Diego
• Has Riverside County homebuying crashed again?
• San Diego City Council approves package of historic preservation reforms
• Save Prop. 13 Taxpayer Turn In 1.3 Million Signatures for November Ballot Measure