IRP Decouplings Updates; FMR Comments Due

Happy Labor Day Weekend!

34th Edition: 8/26/13-8/30/13

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. HUD Notice H 2013-25 on Interest Reduction Payments (IRP) Decouplings updates guidelines for the continuation of IRP assistance for the refinancing, "decoupling", of projects under Section 236(e)(2).

2. The deadline for comments to HUD's proposed FY2014 Fair Market Rents (FMRs) is this Wednesday, September 4, 2013 at 11:59 pm (EDT) filed through www.regulations.gov.

NAME OF NOTICE	TITLE	ISSUE DATE OR PAGE NUMBER	INFORMATION
CPD Notices	Allocating Staff Costs between Program Administration Costs vs. Activity Delivery Costs in the Community Development Block Grant (CDBG) Program for Entitlement Grantees, Insular Areas, Non-Entitlement Counties in Hawaii, and Disaster Recovery Grantees	2013-07	Allocating Staff Costs between Program Administration Costs vs. Activity Delivery Costs in the Community Development Block Grant (CDBG) Program for Entitlement Grantees, Insular Areas, Non-Entitlement Counties in Hawaii, and Disaster Recovery Grantees
PIH Notices	PIH 2013-23 (HA) - Extension: Administrative Guidance for Effective and Mandated Use of the Enterprise Income Verification (EIV) System	August 30, 2013	Extension: Administrative Guidance for Effective and Mandated Use of the Enterprise Income Verification (EIV) System - This notice provides Public Housing Agencies (PHAs) with administrative guidance related to the mandated use of HUD's EIV system, as required in accordance with the new HUD regulation, 24 CFR §5.233, as issued in the Final Rule [...]
	PIH 2013-22 - Micro-Purchase Process for Purchases of Less Than $5,000 by Indian Housing Block Grant (IHBG) Recipients	August 23, 2013	The purpose of this Notice is to provide guidance to tribes and Tribally Designated Housing Entities (TDHEs) on Section 203(g) of the Native American Housing Assistance and Self-Determination Act (NAHASDA), which provides a De Minimis Exemption from competitive rules when IHBG recipients procure goods and services under $5,000.
	PIH 2013-21 (HA) - Guidance on the use of Tenant Participation Funds	August 23, 2013	This notice serves to clarify previous guidance on the use of tenant participation (TP) funds as established by 24 C.F.R. § 964.150 and supersedes PIH Notice 2001-3.
Housing Notices	13-24 - Section 811 Project Rental Assistance (PRA) Occupancy Interim Notice	August 23, 2013	The purpose of this Notice is to provide program occupancy guidance for the Section 811 Project Rental Assistance (PRA) program, as authorized under Section 811 of the Cranston-Gonzalez National Affordable Housing Act of 1990, as amended by the Frank Melville Supportive Housing Investment Act of 2010.
Housing Notices	13-25 - Updated Guidelines for Continuation of Interest Reduction Payments after Refinancing: "Decoupling," as allowed by the National Housing Act, under Section 236(e)(2)	August 23, 2013	This Notice establishes updated procedures for the optional continuation of Interest Reduction Payment (IRP) assistance when projects assisted under Section 236 are refinanced. Under Section 236(e)(2) the IRP subsidy may continue provided the Owner enters into a new Agreement for IRP and Use Agreement to maintain the project as a low-income housing resource.
Mortgagee Letters	No new notices
Federal Register Notices
Rules and Regulations	No new notices
Proposed Rules	No new notices
Notices	Hurricane Sandy Rebuilding Task Force-Rebuild-by-Design; Announcement of Selection of Design Teams	PDF \| Text \| More Issued: August 23, 2013 Pages 52560 - 52561
	30-Day Notice of Proposed Information Collection: Section 811 Project Rental Assistance (PRA) for Persons With Disabilities	PDF \| Text \| More Issued: August 23, 2013 Pages 52557 - 52558
	30-Day Notice of Proposed Information Collection: Capital Advance Section 811 Grant Application for Supportive Housing for Persons With Disabilities	PDF \| Text \| More Issued: August 23, 2013 Pages 52558 - 52558
	30-Day Notice of Proposed Information Collection: Multifamily Mortgagee's Application for Insurance Benefits	PDF \| Text \| More Issued: August 23, 2013 Pages 52558 - 52559
	30-Day Notice of Proposed Information Collection: Disclosure of Adjustable Rate Mortgages (ARMs) Rates	PDF \| Text \| More Issued: August 26, 2013 Pages 52781 - 52781
	30-Day Notice of Proposed Information Collection: Mortgage Insurance Termination; Application for Premium Refund or Distributive Share Payment	PDF \| Text \| More Issued: August 26, 2013 Pages 52782 - 52782
	Availability of HUD's Fiscal Years 2011 and 2012 Service Contract Inventories	PDF \| Text \| More Issued: August 27, 2013 Pages 52964 - 52965
	60-Day Notice of Proposed Information Collection: Housing Finance Agency Risk-Sharing Program	PDF \| Text \| More Issued: August 27, 2013 Pages 52962 - 52963
	60-Day Notice of Proposed Information Collection: Technical Processing Requirements for Multifamily Project Mortgage Insurance	PDF \| Text \| More Issued: August 27, 2013 Pages 52963 - 52963
	30-Day Notice of Proposed Information Collection: Section 8 Management Assessment Program (SEMAP) Certification	PDF \| Text \| More Issued: August 27, 2013 Pages 52964 - 52964
	Announcement of Funding Awards for Transformation Initiative: Sustainable Communities Research Grant (SCRGP) Program for Fiscal Year 2013	PDF \| Text \| More Issued: August 29, 2013 Pages 53466 - 53467

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.