R&C at NHLA; IRS Updated Procedures; RAD Closing

R & C H o u s i n g N o t i c e s N e w s l e t t e r

4th Edition: 1/20/14-1/24/14

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. George L. Weidenfeller will be speaking at the National Leased Housing Association Mid-Year Conference on the 2014 Appropriations Bill and Section 8 Funding on Thursday, January 30^th.

2. The IRS issued updated procedures for reinstating the tax-exempt status of organizations that have had their tax-exempt status automatically revoked for failure to file required annual returns (Form 990, Form 990-EZ or Form 990-N) for three consecutive years.

3. This week, Sarah Molseed and Julie S. McGovern closed on an occupied unit rehab RAD transaction for the Housing Authority of the City of San Buenaventura.

H O U S I N G N O T I C E S 1/20/2014 - 1/24/2014

NAME OF NOTICE	TITLE	ISSUE DATE OR PAGE NUMBER	INFORMATION
CPD Notices	No new notices
PIH Notices	No new notices
Housing Notices	No new notices
Mortgagee Letters	Revised Manual Underwriting Requirements	2014-02 Issued: January 21, 2014	This provides policy guidance for revised manual underwriting requirements in FR-5595-N-01. This explains maximum qualifying ratios for manually-underwritten loans, and revises and clarifies the compensating factors that must be cited in order to exceed FHA's standard qualifying ratios for manually underwritten loans. This also explains the new reserve requirement for manually underwritten loans for one and two unit properties.

Federal Register Notices
Rules and Regulations	No new notices
Proposed Rules	No new notices
Notices	60-Day Notice of Proposed Information Collection: Baseline Assessment of Renewable Energy Capacity Within HUD's Public Housing and Federally-Assisted Multifamily Housing Portfolios	PDF \| Text \| More Issued: January 21, 2014 Pages 3396 - 3396
	30-Day Notice of Proposed Information Collection: Requirements for Designating Housing Projects	PDF \| Text \| More Issued: January 23, 2014 Pages 3844 - 3844
	30-Day Notice of Proposed Information Collection: Alaska Native/Native Hawaiian Institutions Assisting Communities (AN/NHAIC)	PDF \| Text \| More Issued: January 23, 2014 Pages 3844 - 3845
	60-Day Notice of Proposed Information Collection: State Community Development Block Program	PDF \| Text \| More Issued: January 23, 2014 Pages 3845 - 3846
	30-Day Notice of Proposed Information Collection: Housing Discrimination Information Form HUD-903.1, HUD 903.1A, HUD-903-1B, HUD-903.1F, HUD-903.1KOR, HUD-903.1C, HUD-903.1CAM, HUD-903.1RUS,903-1_Somali	PDF \| Text \| More Issued: January 23, 2014 Pages 3846 - 3847
	30-Day Notice of Proposed Information Collection: Grant Drawdown Payment Request/LOCCS/VRS Voice Activated	PDF \| Text \| More Issued: January 23, 2014 Pages 3847 - 3848
	30-Day Notice of Proposed Information Collection: Survey of Market Absorption of New Multifamily Units	PDF \| Text \| More Issued: January 23, 2014 Pages 3848 - 3849
	30-Day Notice of Proposed Information Collection: The Impact of Housing and Services Interventions on Homeless Families-36-Month Follow-Up Data Collection	PDF \| Text \| More Issued: January 23, 2014 Pages 3849 - 3850
	30-Day Notice of Proposed Information Collection: Doctoral Dissertation Research Grant Program Application and Monitoring Reports	PDF \| Text \| More Issued: January 23, 2014 Pages 3850 - 3851
	30-Day Notice of Proposed Information Collection: Historically Black Colleges and Universities Program	PDF \| Text \| More Issued: January 23, 2014 Pages 3851 - 3851
	Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates	PDF \| Text \| More Issued: January 23, 2014 Pages 3851 - 3853

For more information about the attorneys at Reno & Cavanaugh, please follow this link.

Contact:
	Stephen I. Holmquist Member: (202) 349-2462 sholmquist@renocavanaugh.com	Julie S. McGovern Member: (202) 349-2472 jmcgovern@renocavanaugh.com
	George L. Weidenfeller Member: (202) 349-2464 gweidenfeller@renocavanaugh.com

RENO&CAVANAUGHPLLC

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