CDFI Bond Guarantee Program; Treasury Dept.'s Priority Guidance Plan; TAC Public Announcement

6th Edition: 2/4/13-2/8/13

Reno & Cavanaugh's 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. Comments Sought for CDFI Bond Guarantee Program. The Treasury Department's Community Development Financial Institutions Fund (CDFI Fund) released the interim rule for the CDFI Bond Guarantee Program. The interim rule includes responses to the July 1, 2011 request for public comment and discusses program application eligibility and evaluation, terms and conditions of guarantee, eligible uses of bond proceeds, reporting requirements, and compliance with government requirements. Comments are due April 8, 2013.

2. U.S. Treasury includes Tax and Energy Credits in its Priority Guidance Plan:

a) Guidance under §42 relating to the application of the design and construction accessibility requirements under the Fair Housing Act.

b) Regulations under §42 relating to compliance monitoring, including issues identified in Notice 2012-18.

c) Revenue Procedure updating Revenue Procedure 2007-54, which provides relief under §42 in the case of a presidentially declared disaster.

d) Notice providing relief from certain §42 requirements following Hurricane Sandy.

e) Guidance concerning the exception under §42(d)(6) for any federally or State assisted building.

f) Final regulations under §45D that revise and clarify certain rules relating to recapture of the new markets tax credit as well as other issues.

g) Regulations under §45D on new markets non-real estate investments. Proposed regulations and an advance notice of proposed rulemaking were published on June 7, 2011.

h) Guidance on the energy credit under §48.

3. Public Notice Announcement from the HUD Technical Assistance Center (TAC): All users with a 12/31 fiscal year end date are encouraged to submit their electronic filings, reset passwords and/or reactivate user names, if necessary, as soon as possible. For users who need to reactivate user IDs, they must contact TAC at 1-888-245-4860 or by email.

Here are the housing notices for this week:

NAME OF NOTICE	TITLE	ISSUE DATE OR PAGE NUMBER		INFORMATION
CPD Notices	No new notices
PIH Notices	Extension- Total Development Costs (TDC) for Affordable Housing under the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA)	PIH 2013-05 (HA) Issued: January 30, 2013 Expires: This notice remains in effect until amended, superseded or rescinded Attachment	The purpose of this Notice is to extend the program requirements of PIH Notice 2011-63, dated November 2, 2011, and transmit the updated schedule for the maximum amount of funds that may be used for affordable housing under NAHASDA.
	Radon Information for PIH Programs	PIH 2013-06 (HA) Issued: February 4, 2013 Expires: This notice remains in effect until amended, superseded or rescinded	The purpose of this Notice is to provide information to PHAs on the dangers of radon.
Housing Notices	HUD Office of Multifamily Development Radon Policy	2013-03
Mortgagee Letters	HUD Office of Multifamily Development Radon Policy	2013-07
Federal Register Notices
Rules and Regulations	Federal Housing Administration (FHA): Hospital Mortgage Insurance Program-Refinancing Hospital Loans	PDF \| Text \| More Issued: February 5, 2013 Pages 8329-8344
Proposed Rules	Streamlining Inspection and Warranty Requirements for Federal Housing Administration (FHA) Single-Family Mortgage Insurance: Removal of the FHA Inspector Roster and of the Ten-Year Protection Plan Requirements for High Loan-to-Value Ratio Mortgages	PDF \| Text \| More Issued: February 6, 2013 Pages 8448-8456
Notices	Implementation of the Privacy Act of 1974, as Amended; Republication to Delete and Update Privacy Act System of Records Notifications	PDF \| Text \| More Issued: February 6, 2013 Pages 8552-8575
	Notice of Submission of Proposed Information Collection to OMB HUD Lead Hazard Control Grantees Regarding Their Use of Healthy Homes Supplemental Funding	PDF \| Text \| More Issued: February 6, 2013 Pages 8550-8551
	Federal Housing Administration (FHA) Risk Management Initiatives: Changes to Maximum Loan-to-Value Financing Solicitation of Comment	PDF \| Text \| More Issued: February 6, 2013 Pages 8551-8552
	Announcement of Funding Awards, HOPE VI Main Street Grant Program, Fiscal Year (FY) 2011 and 2012	PDF \| Text \| More Issued: February 6, 2013 Pages 8552-8552
	Notice of Submission of Proposed Information Collection to OMB HOME Investment Partnerships Program	PDF \| Text \| More Issued: February 7, 2013 Pages 9407-9408

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

Julie S. McGovern, Member: (202) 349-2472 or jmcgovern@renocavanaugh.com

George L. Weidenfeller, Member: (202) 349-2464 or gweidenfeller@renocavanaugh.com

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