Search Results for citation:"89 FR 99893"

Found 2 results

Search Results: citation:"89 FR 99893"

💰 Only
Oldest Newest
  • 2024-29058 — 60-Day Notice of Proposed Information Collection: Multifamily Insurance Benefits Claims Package, OMB Control No.: 2502-0418
    Type:Notice
    Citation:89 FR 99893
    Reading Time:about 3 minutes

    The Department of Housing and Urban Development (HUD) is asking for public comments on a plan to collect information through its Multifamily Insurance Benefits Claims Package. HUD needs this data to process insurance claims accurately when a lender with an insured multifamily mortgage defaults. They want feedback on whether collecting this information is necessary, if their time estimates for completing it are correct, and how they could make the process easier. Public comments are open until February 10, 2025.

    Simple Explanation

    HUD wants to hear people’s thoughts on how they collect information when something doesn't go right with building loans they insure. They’re asking if the process is necessary and how they can make it easier for everyone to do.

  • 2024-29016 — Notice of Certain Operating Cost Adjustment Factors for 2025
    💰
    Type:Notice
    Citation:89 FR 99893
    Reading Time:about 10 minutes

    The Department of Housing and Urban Development (HUD) has issued a notice for new operating cost adjustment factors (OCAFs) that will be used to update rent for certain multifamily housing projects with section 8 contracts, effective from February 11, 2025. These factors help adjust rents by considering changes in operating costs like electricity, wages, and insurance. HUD is also asking the public for input on changes to the OCAF calculation method, like using state-level insurance data, which aims to better reflect recent increases in property insurance costs. Public comments must be submitted by January 10, 2025, through designated electronic or mail methods.

    Simple Explanation

    The government wants to make sure people living in certain apartment buildings pay the right rent, so they are changing how they figure out those rents, starting in 2025. They are using new ways to check costs like insurance and asking people for ideas on how to do it better.