|
2012 Housing Notices Newsletter
Welcome to the Reno & Cavanaugh Housing Notices Newsletter!
25th Edition: 6/18/12-6/22/12
The Reno & Cavanaugh Housing Notices Newsletter contains weekly notices, proposed rules and relevant information on HUD policy and regulations. For more information, please visit www.renocavanaugh.com and R&C's Housing Policy Group's webpage.
News of Note:
1. Mixed-Finance Training! Join us in San Francisco July 27th and 28th for "Beyond the Basics: Mixed-Finance Development for Public Housing Authorities", an informational session led by Sarah Molseed in conjunction with the NAHRO Summer Conference (July 29th-31st). For a description of the event and to register, please click here.
|
Day 1
DEVELOPING WITH TAX CREDITS
- Key Issues - Overview of the Low-Income Housing Tax Credit Program
- Review General Deal Structure
- Calculating the Credit
- Housing Authorities as Developers - Key Issues
- Review Sample LIHTC Application
- Review Core Issues in LIHTC Transactions
- Putting It all Together - Negotiation Exercise
|
Day 2
TAX CREDIT PROJECTS AND COMPLIANCE ISSUES
- Overview of Compliance Issues
- Key Dates and Time Periods
- Income Mix
- Income Calculation and Reassessment
- Handling Over-income Tenants
- Additional Tenant Eligibility Requirements
- Determining "Tax Credit Rent", Including Multiple Subsidy Programs
- Lease, Files and Record Keeping
- Reporting and Sanctions for Non-Compliance
|
2. FY13 Agriculture and Transportation, Housing and Urban Development (THUD) Budgets Approved. The House Appropriations Committee approved the FY13 Agriculture and Transportation, Housing and Urban Development (THUD) budgets, adopting six amendments for FY13 Agriculture and three amendments for FY13 THUD. One amendment for FY13 Agriculture Appropriations increases the Section 521 Rural Rental Assistance Program by $1.5M from funds offset from the U.S. Forest Service. Notable to the THUD bill, the appropriations committee denied by voice vote an amendment by Rep. Flake (R-AZ) to cut $200M from the HOME program.
3. Public Housing Operating Subsidy Eligibility Calculations for CY2013. HUD issued notice PIH 2012-30 which contains instructions for calculating a PHA's eligibility for operating subsidy in CY2013 in anticipation of Federal Fiscal Year (FFY) 2013 appropriations. It also states that HUD will use information in its systems of record to determine operating subsidy eligibility.
Here are the housing notices for this week:
|
NAME OF NOTICE
|
TITLE
|
ISSUE DATE OR
PAGE NUMBER
|
INFORMATION
| |
CPD Notices
|
Environmental Review Processing for Emergency Solutions Grants (ESG) Programs FY2012
|
2012-11
|
| |
|
Submission of Federal Financial Report - Standard Form 42
|
2012-12
|
| |
PIH Notices
|
Establishing the Passbook Savings Rate
|
PIH 2012-29
Issued: June 21, 2012
Expires: Effective until amended, superseded, or rescinded
|
This Notice clarifies program policy related to the passbook savings rate used to determine annual income from net family assets.
| |
|
Public Housing Operating Subsidy Eligibility Calculations for Calendar Year 2013
|
PIH 2012-30
Issued: June 22, 2012
Expires: Effective until amended, superseded, or rescinded
|
This notice provides public housing agencies (PHAs) with instructions for the calculation of operating subsidy eligibility in Calendar Year (CY) 2013 in anticipation of Federal Fiscal Year (FFY) 2013 appropriations.
| |
Housing Notices
|
No new notices
| |
Mortgagee Letters
|
Miscellaneous Underwriting Issues- Rescission of Disputed Accounts and Collection Accounts Guidance (Mortgagee Letter 2012-3)
|
2012-10
|
| |
|
Clarification Regarding Title Approval at Conveyance
|
2012-11
|
| |
|
Responsibilities of Mortgagees in Regard to State and Local Laws
|
2012-12
|
| |
Federal Register Notices
| |
Rules and Regulations
|
No new notices
| |
Proposed Rules
|
No new notices
| |
Notices
|
Notice of Proposed Information Collection: Comment Request; Application for Fee or Roster Personnel (Appraisers and Inspectors) Designation and Appraisal Report Forms
|
PDF | Text | More
Issued: June 18, 2012
Pages 36285-36286
|
| |
|
Notice of Proposed Information Collection: Comment Request; Previous Participation Certification
|
PDF | Text | More
Issued: June 18, 2012
Pages 36286-36286
|
| |
|
Proposed Information Collection; Comment Request: Generic Customer Satisfaction Surveys
|
PDF | Text | More
Issued: June 19, 2012
Pages 36568-36568
|
| |
|
Notice of Proposed Information Collection: Comment Request; Labor Standards Training/Event Evaluation
|
PDF | Text | More
Issued: June 20, 2012
Pages 37064-37064
|
| |
|
Consolidated Delegation of Authority for the Office of Housing-Federal Housing Administration (FHA)
|
PDF | Text | More
Issued: June 20, 2012
Pages 37233-37237
|
| |
|
Delegations of Authority for the Office of Housing-Federal Housing Administration (FHA), Redelegation of Authority to the Deputy Assistant Secretary for Finance and Budget
|
PDF | Text | More
Issued: June 20, 2012
Pages 37237-37240
|
| |
|
Delegations of Authority for the Office of Housing-Federal Housing Administration (FHA); Redelegations of Authority to Other HUD Offices
|
PDF | Text | More
Issued: June 20, 2012
Pages 37240-37241
|
| |
|
Delegations of Authority for the Office of Housing-Federal Housing Administration (FHA); Redelegations of Authority Regarding Multifamily Housing Programs
|
PDF | Text | More
Issued: June 20, 2012
Pages 37241-37248
|
| |
|
Delegations of Authority for the Office of Housing-Federal Housing Administration (FHA); Delegation of Authority for the Office of Healthcare Programs
|
PDF | Text | More
Issued: June 20, 2012
Pages 37248-37250
|
| |
|
Delegations of Authority for the Office of Housing-Federal Housing Administration (FHA), Redelegation of Authority to the Deputy Assistant Secretary for Risk Management and Regulatory Affairs
|
PDF | Text | More
Issued: June 20, 2012
Pages 37250-37252
|
| |
|
Delegations of Authority for the Office of Housing-Federal Housing Administration (FHA); Redelegation of Authority Regarding Single Family Housing Programs
|
PDF | Text | More
Issued: June 20, 2012
Pages 37252-37258
|
| |
|
Order of Succession for the Office of Housing
|
PDF | Text | More
Issued: June 20, 2012
Pages 37237-37237
|
| |
|
Notice of Proposed Information Collection: Comment Request; Accountability in the Provision of HUD Assistance "Applicant/Recipient Disclosure/Update Report-HUD 2880"
|
PDF | Text | More
Issued: June 21, 2012
Pages 37430-37430
|
| |
|
Notice of Proposed Information Collection: Survey and Collection of Information From HUD Lead Hazard Control Grantees To Support HUD and EPA Requirements To Study the Lowering of the Lead Hazard Standards and the Lead-Based Paint Standard
|
PDF | Text | More
Issued: June 22, 2012
Pages 37696-37697
|
| |
|
Notice of Proposed Information Collection: Comment Request; Ginnie Mae Mortgage-Backed Securities Guide 5500.3, Revision 1 (Forms and Electronic Data Submissions)
|
PDF | Text | More
Issued: June 22, 2012
Pages 37697-37699
|
| |
|
Notice of Proposed Information Collection: Comment Request OSHC Financial Reporting Form
|
PDF | Text | More
Issued: June 22, 2012
Pages 37699-37700
|
|
For more information about the attorneys at Reno & Cavanaugh, please follow this link.
Contact: Stephen I. Holmquist, Member: (202) 349-2462 or sholmquist@renocavanaugh.com
Compiled by Reno & Cavanaugh, PLLC. This newsletter is intended for informational purposes only and should not be viewed as specific legal advice. The sources cited above include safe, tested links that lead to external, separate websites. By sending these links in the newsletter, Reno & Cavanaugh does not claim any affiliation with or opinion of the external websites or the content there within. Except for your personal use (such as forwarding this newsletter), the contents of this newsletter may not be reproduced, transmitted, or distributed without the express written consent of Reno & Cavanaugh. If you have questions about the newsletter or would like to subscribe, please email inquiry@renocavanaugh.com or click "Subscribe" below.
|
