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38th Edition: 9/23/13-9/27/13
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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.
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News of Note:
1. HUD released an Online Resource for U.S. Housing Market Conditions, which contains data and analysis on national, regional, and state/metro/local housing markets.
2. HUD released Mortgagee Letter 13-31: Extension of Temporary Authority for Multifamily Hubs to Process Waiver Requests Pertaining to the 3-Year Rule for Section 223(f) Refinancing or Acquisition of Affordable Multifamily Rental Housing.
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H O U S I N G N O T I C E S
9/23/2013 - 9/27/2013
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NAME OF NOTICE
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TITLE
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ISSUE DATE OR PAGE NUMBER
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INFORMATION
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CPD Notices
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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
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2013-07
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This Notice provides guidance on the allocation of staff costs for the CDBG program between two cost categories: (1) general program administrative costs, as related to overall program planning and CDBG grant administration; and (2) activity delivery costs, as related to implementing and carrying out specific CDBG-eligible activities.
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Guidance for Submitting the Portions of the Consolidated Annual Performance and Evaluation Report (CAPER) Related to Homelessness and the Emergency Solutions Grants (ESG) Program
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2013-06
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This notice provides guidance for completing the Emergency Solutions Grants (ESG) portions of the Consolidated Annual Performance and Evaluation Report (CAPER) using the Integrated Disbursement and Information System (IDIS). This notice also provides information on completing homelessness-related portions of the CAPER, which is relevant for all States, local governments, and territories that receive ESG, Community Development Block Grants (CDBG), HOME Investment Partnerships (HOME), and/or Housing Opportunities for Persons With AIDS (HOPWA) formula funding (referred to collectively in this notice as Consolidated Plan (Con Plan) jurisdictions).
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PIH Notices
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No new notices
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Housing Notices
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No new notices
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Mortgagee Letters
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Extension of Temporary Authority for Multifamily Hubs to Process Waiver Requests Pertaining to the 3-Year Rule for Section 223(f) Refinancing or Acquisition of Affordable Multifamily Rental Housing
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13-31
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This Mortgagee Letter will benefit applications for affordable properties that otherwise meet all requirements of the Section 223(f) program except that the housing was originally completed or substantially rehabilitated less than three years prior to the date of application for Firm Commitment. "Affordable" for the purpose of this Mortgagee Letter means properties receiving Project-Based Section 8 through either a Housing Assistance Payment (HAP) Contract or a Project-Based Section 8 Voucher, for greater than 90 percent of the units, or supported by Low Income Housing Tax Credits (LIHTC) or subject to similar use restrictions.
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Update to FHA's Loss Mitigation Home Retention Options
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13-32
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This Mortgagee Letter supersedes Mortgagee Letter 2012-22,Revisions to FHA's Loss Mitigation Options, published on November 16, 2012. Also, this Mortgagee Letter addresses treatment of "continuous income" 1 from sources other than wages for mortgagors in need of loss mitigation assistance. This Mortgagee Letter is intended to help reduce the number of full claims against FHA's Mutual Mortgage Insurance Fund by assisting a greater number of distressed mortgagors in retaining their homes; thus, Mortgagee Letter 2012-22 will remain effect until servicers are able to fully implement this Mortgagee Letter.
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Home Equity Conversion Mortgage Program's Mandatory Obligations, Life Expectancy Set-Aside Calculation, and Purchase Transactions
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13-33
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This Mortgagee Letter clarifies policy announced in Mortgagee Letter 2013-27. Additionally, this Mortgagee Letter makes technical corrections to Mortgagee Letter 2013-27.
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Federal Register Notices
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Rules and Regulations
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No new notices
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Proposed Rules
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No new notices
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Notices
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30-Day Notice of Proposed Information Collection: Federal Labor Standards Questionnaire(s); Complaint Intake Form
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PDF | Text | More
Issued: September 25, 2013
Pages 59046 - 59047
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30-Day Notice of Proposed Information Collection: Semi-Annual Labor Standards Enforcement Report-Local Contracting Agencies (HUD Programs)
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PDF | Text | More
Issued: September 25, 2013
Pages 59047 - 59048
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30-Day Notice of Proposed Information Collection: Family Self-Sufficiency Program (FSS)
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PDF | Text | More
Issued: September 25, 2013
Pages 59048 - 59049
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60-Day Notice of Proposed Information Collection: Public Housing Energy Audits and Utility Allowances
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PDF | Text | More
Issued: September 25, 2013
Pages 59049 - 59050
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Multifamily, Healthcare Facilities, and Hospital Mortgage Insurance Premiums for Fiscal Year (FY) 2014
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PDF | Text | More
Issued: September 26, 2013
Pages 59366 - 59368
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For more information about the attorneys at Reno & Cavanaugh, please follow this link.
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Compiled by Reno & Cavanaugh, PLLC. This newsletter is intended for informational purposes and should not be viewed as specific legal advice. The sources cited above include tested links that lead to external 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 emailinquiry@renocavanaugh.comor click "Subscribe" above.
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