HUD

On July 29, the U.S. House of Representatives approved a Fiscal Year 2011 appropriations bill (H.R. 5850) for the U.S. Department of Housing and Urban Development, U.S. Department of Transportation, and certain other agencies.

The U.S. Department of Housing and Urban Development has released its proposed Fair Market Rents (FMR) for Fiscal Year 2011.

The U.S. Department of Housing and Urban Development is soliciting public comments to help HUD better understand sponsor perspectives on the effectiveness of the Demonstration Planning Grant (DPG) program in assisting Section 202 properties reach initial closing within 18 months of fund reservation, as well as the DPG application process and the overall administration of the grant program.

The Senate Banking Committee has approved the Livable Communities Act (S. 1619), a bill proposed by Chairman Christopher Dodd (D-Conn.) to improve the coordination between federal housing, community development, transportation, energy, and environmental policies.

The U.S. Department of Housing and Urban Development has released maps of American Housing Survey (AHS) metropolitan zones through its HUD USER website.

The U.S. Department of Housing and Urban Development has released a Comprehensive Housing Market Analysis for the Raleigh-Durham, North Carolina market area.

National Housing & Rehabilitation Association is pleased to announce that it has released all PowerPoint slide presentations from the 2010 Summer Institute & Pre-Conference Symposium on New Markets Tax Credits.

The Federal Housing Administration’s (FHA) Mortgagee Review Board has published a public notice that announces several administrative actions against FHA-approved lenders who failed to meet its requirements.

On July 21, President Obama signed the Restoring American Financial Stability Act of 2010 (H.R. 4173) into law, the most significant financial reform legislation since the Depression.

The U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research has made available an interactive, historical timeline of key events, programs and legislation that has helped shape the nation’s housing policy since the 1930s.

The U.S. Department of Housing and Urban Development (HUD) recently provided guidelines that an agency must use in conducting subsidy layering reviews for newly constructed and rehabilitated structures combining other forms of government assistance, and Section 8 project-based voucher assistance.

Federal Housing Administration’s (FHA) Commissioner David Stevens recently announced plans to implement a series of changes to the multifamily insurance programs that will update underwriting policies, increase lender and underwriter quality, and align loan application, submission and approval standards.