Tax Reform Bill; RAD Q&A Today; R&C at Eastern Lenders Association Conference

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

9th Edition: 2/24/14-2/28/14

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. Chairman Camp, of the U.S. House Committee on Ways and Means released a Discussion Draft of the Tax Reform Bill of 2014, which affects low-income housing tax credits (LIHTCs) and tax-exempt bonds significantly. Please also see the section-by-section summary. Among its provisions, the bill would:

Retain the 9% credit with a floating rate (the 9% floor would remain expired)
Eliminate tax-exempt private activity bonds
Repeal the 4% credit
Repeal the basis boost for Qualified Census Tract (QCTs) and difficult development areas (DDAs)
Extend the credit period from 10 years to 15 years to match the compliance period

2. RAD Update and Live Q&A Today, February 28, 2014 from 2:00-3:30 pm EST, which will include an update on awards, closings, and action items for PHAs with pending applications until Congress increases the RAD cap. To register, click here. The recording of the event will be posted to the RAD website.

3. Lauren M. Lyon-Collis will be speaking at the Eastern Lenders Association Conference on Tuesday, March 11, 2014 from 9:00am-10:15am in Baltimore, MD, on the topic of using FHA-insured financing with the RAD program.

H O U S I N G N O T I C E S 2/24/2014 - 2/28/2014

NAME OF NOTICE	TITLE	ISSUE DATE OR PAGE NUMBER	INFORMATION
CPD Notices	Internal Administrative Process for HUD Review of Appeals Filed Under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, as amended, (URA) (42 U.S.C. §§ 4601 et seq.) and Section 104(d) of the Housing and Community Development Act of 1974, as amended, (HCD Act (42 U.S.C. § 5304(d))	CDP 2014-05 2014-05 Issued: February 25, 2014	The purpose of this notice is to explain the internal administrative process to be followed when HUD is requested to review an agency's determination of an appeal filed under the URA and/or section 104(d). This notice supersedes Notice CPD 06-03 and modifies the procedures explained in that prior directive.
PIH Notices	No new notices
Housing Notices	No new notices
Mortgagee Letters	No new notices

Federal Register Notices
Rules and Regulations	No new notices
Proposed Rules	Environmental Compliance Recordkeeping Requirements	PDF \| Text \| More Issued: February 27, 2014 Pages 11045 - 11048
	Responsibilities of Boards of Directors, Corporate Practices and Corporate Governance Matters	PDF \| Text \| More Issued: February 28, 2014 Pages 11350 - 11351
Notices	Notice of HUD's Fiscal Year (FY) 2014 Notice of Funding Availability (NOFA) Policy Requirements and General Section to HUD's FY 2014 NOFAs for Discretionary Programs	PDF \| Text \| More Issued: February 26, 2014 Pages 10822 - 10823
	Privacy Act; Notification of a New Privacy Act System of Records, Homeless Families Impact Study Data Files	PDF \| Text \| More Issued: February 26, 2014 Pages 10823 - 10825
	Implementation of the Privacy Act of 1974, as Amended; Republication To Delete and Update Privacy Act System of Records Notifications	PDF \| Text \| More Issued: February 26, 2014 Pages 10825 - 10830
	Federal Housing Administration (FHA) Healthcare Facility Documents: Documents Eligible for Electronic Submission-30-Day Notice of Information Collection	PDF \| Text \| More Issued: February 27, 2014 Pages 11114 - 11121
*Proposed Information Collection*	30-Day Notice of Proposed Information Collection: FHA-Insured Mortgage Loan Servicing for Performing Loans; MIP Processing, Escrow Administration, Customer Service, Servicing Fees and 235 Loans	PDF \| Text \| More Issued: February 24, 2014 Pages 10177 - 10177
	30-Day Notice of Proposed Information Collection: FHA-Insured Mortgage Loan Servicing Involving the Claims and Conveyance Process Property Inspection/Preservation	PDF \| Text \| More Issued: February 24, 2014 Pages 10177 - 10178
	30-Day Notice of Proposed Information Collection: Application for FHA Insured Mortgages	PDF \| Text \| More Issued: February 24, 2014 Pages 10178 - 10179
	60-Day Notice of Proposed Information Collection: Promise Zones	PDF \| Text \| More Issued: February 26, 2014 Pages 10819 - 10820
	60-Day Notice of Proposed Information Collection: Quality Control Requirements for Direct Endorsement Lenders	PDF \| Text \| More Issued: February 26, 2014 Pages 10820 - 10821
	30-Day Notice of Proposed Information Collection: Capital Fund Community and Education Training Facilities	PDF \| Text \| More Issued: February 26, 2014 Pages 10821 - 10822
	30-Day Notice of Proposed Information Collection: Exigent Health and Safety Deficiency Correction Certification	PDF \| Text \| More Issued: February 26, 2014 Pages 10822 - 10822
	60-Day Notice of Proposed Information Collection: Fellowship Placement Pilot Program	PDF \| Text \| More Issued: February 28, 2014 Pages 11457 - 11457
	30-Day Notice of Proposed Information Collection: Consolidated Public Housing Certification of Completion	PDF \| Text \| More Issued: February 28, 2014 Pages 11457 - 11458
	30-Day Notice of Proposed Information Collection: Certification of Domestic Violence, Dating Violence, Sexual Assault, or Stalking	PDF \| Text \| More Issued: February 28, 2014 Pages 11458 - 11459

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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