Section 202 and Section 811 Capital Advance Projects; Sandy/Superstorm Expedited Processing for FHA Multifamily Mortgage Insurance Applications

7th Edition: 2/11/13-2/15/13

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. FY2013 Interest Rate Set for Section 202 and Section 811 Capital Advance Projects. Based on the formula specified in the Housing and Community Development Act of 1987, the interest rate is 3.00 percent. The processing factors for this rate are:

40-year LAMP Debt Service Rate: .042958131
Monthly Amortization Factor: .003579844
Initial Curtail Rate: .012958131

2. Hurricane Sandy/Superstorm - Expedited Processing for FHA Multifamily Mortgage Insurance Applications for transactions in presidentially-declared disaster areas in New York and New Jersey. Who qualifies? - Multifamily properties requesting financing under the Section 220, 221(d)(4), 223(a)(7), 223(f), 231 and 241(a) multifamily mortgage insurance programs. This notice is not applicable to the healthcare programs administered by the Office of Healthcare Programs [Section 232, or refinancing of Section 232 pursuant to Sections 223 (f) or 223 (a) (7)].

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	No new notices
Housing Notices	Fiscal Year 2013 Interest Rate for Section 202 and Section 811 Capital Advance Projects	2013-04
	Hurricane Sandy/Superstorm Response - Expedited Processing for FHA Multifamily Mortgage Insurance Applications	2013-05
Mortgagee Letters	Hurricane Sandy/Superstorm Response - Expedited Processing for FHA Multifamily Mortgage Insurance Applications	2013-08
Federal Register Notices
Rules and Regulations	Implementation of the Fair Housing Act's Discriminatory Effects Standard	PDF \| Text \| More Issued: February 15, 2013 Pages 11459-11482
Proposed Rules	No new notices
Notices	Privacy Act of 1974; New System of Records, Office of General Counsel E-Discovery Management System: Republication of System Description and Solicitation of Comment	PDF \| Text \| More Issued: February 11, 2013 Pages 9721-9724
	Federal Housing Administration (FHA): PowerSaver Home Energy Retrofit Loan Pilot Program: Extension of Pilot Program	PDF \| Text \| More Issued: February 12, 2013 Pages 9936-9937
	Notice of Submission of Proposed Information Collection to OMB; Family Self-Sufficiency Program Demonstration	PDF \| Text \| More Issued: February 12, 2013 Pages 9935-9936
	Notice of Proposed Information Collection: Comment Request Delegated Processing for Certain 202 Supportive Housing for the Elderly Projects	PDF \| Text \| More Issued: February 13, 2013 Pages 10198-10198
	Notice of Submission of Proposed Information Collection to OMB HOME Investment Partnerships Program: Correction	PDF \| Text \| More Issued: February 14, 2013 Pages 10630-10631

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

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.