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3rd Edition: 1/13/14-1/17/14
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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. R&C congratulates James (Jim) T. Massey and Campbell Steele on their election to Member status! Please see this notice for more information on these exceptional attorneys.
2. From CLPHA: Overview of FY14 Funding Levels and Comparative Funding Chart.
Late in the evening on Monday, January 13, Senate Appropriations Chairwoman Barbara Mikulski and House Appropriations Chairman Hal Rogers joined by their minority counterparts, House Appropriations Ranking Member Nita Lowey, and Senate Appropriations Ranking Member Richard Shelby, unveiled the bi-partisan consolidated appropriations bill, the Consolidated Appropriations Act of 2014, which will fund the federal government for fiscal year 2014. The funding bill meets the terms laid-out in mid-December by the Murray-Ryan budget agreement that provided $1.012 trillion for the operation of the federal government.
In a joint statement releasing the funding bill, the Chairs and Ranking Members said, "We are pleased to have come to a fair, bipartisan agreement on funding the government for 2014. Although our differences were many and our deadline short, we were able to a draft a solid piece of legislation that meets the guidelines of the Ryan-Murray deal, keeps the government open, and eliminates the uncertainty and economic instability of stop-gap governing...As with any compromise, not everyone will like everything in this bill, but in this divided government a critical bill such as this simply cannot reflect the wants of only one party. We believe this is a good, workable measure that will serve the American people well, and we encourage all our colleagues to support it this week."
Congress is operating in a tight timeframe to pass the bill and avoid another shutdown. The current continuing resolution (CR) expires January 15, and a 3-day extension to the CR which passed the House on January 14 is also expected to pass the Senate prior to the deadline. Congress is expected to vote on final passage of the FY14 funding bill before week's end, and prior to leaving for a week around the Martin Luther King, Jr. holiday.
Public Housing Operating Fund: $4.4 billion
Public Housing Capital Fund: $1.875 billion
Housing Choice Voucher (HCV) Renewals: $17.366 billion
HCV Administrative Fees: $1.5 billion
VASH Vouchers: $75 million
Tenant Protection Vouchers: $130 million
Consolidated Family Self Sufficiency (FSS) Program: $75 million
Choice Neighborhoods Initiative (CNI): $90 million
Rental Assistance Demonstration (RAD): no funding and no unit cap increase
For the full newsletter, including General Provisions, click here.
3. The December Housing Scorecard.
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H O U S I N G N O T I C E S
1/13/2014 - 1/17/2014
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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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No new notices
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PIH Notices
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No new notices
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Housing Notices
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HUD Real Estate Owned (REO) Lead Disclosure Requirements
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14-01
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Provides guidance to help ensure that HUD's Asset Managers (AMs), Field Service Managers (FSMs) and the Selling Brokers assisting in the disposition of Federal Housing Administration's (FHA) REO properties are in full compliance with the requirements of the Department's Lead Disclosure Rule at 24 CFR Part 35, Subpart A. This Notice supersedes Housing Notice 2006-07. This guidance only applies to the disclosure of information on lead-based paint (LBP) and/or lead-based paint hazards for HUD-owned single family homes constructed before 1978.
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Mortgagee Letters
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"Save Your Home: Tips to Avoid Foreclosure" - Brochure for Delinquent Mortgagors
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14-01
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The purpose of this Mortgagee Letter is to notify mortgagees that the "How to Avoid Foreclosure" brochure, HUD-PA-426, has been replaced. The new brochure is the "Save Your Home: Tips to Avoid Foreclosure" brochure, HUD-2008-5-FHA, which is to be sent with a cover letter to delinquent mortgagors pursuant to 24 CFR 203.602.
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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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60-Day Notice of Proposed Information Collection: Rehabilitation Mortgage Insurance Underwriting Program
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PDF | Text | More
Issued: January 15, 2014
Pages 2682 - 2683
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60-Day Notice of Proposed Information Collection: Transfer and Consolidation of Public Housing Programs and Public Housing Agencies
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PDF | Text | More
Issued: January 17, 2014
Pages 3217 - 3218
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60-Day Notice of Proposed Information Collection: Mortgage Credit Analysis for Loan Guarantee Program
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PDF | Text | More
Issued: January 17, 2014
Pages 3218 - 3219
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Manufactured Housing Consensus Committee; Notice Inviting Individuals To Serve on the Committee
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PDF | Text | More
Issued: January 17, 2014
Pages 3219 - 3220
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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 email inquiry@renocavanaugh.com or click "Subscribe" above.
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