Search Results for agency_names:"Housing and Urban Development Department"

The Department of Housing and Urban Development (HUD) has issued a final rule that permits mortgage companies to disburse up to 1% of a mortgage amount before using all of the funds provided by the borrower. This rule is meant to simplify the process of combining mortgages into mortgage-backed securities and help ensure interest rates for FHA-insured mortgages remain competitive. Public comments suggested more flexibility in disbursement limits, but HUD maintained the 1% limit to manage risks effectively. This final rule also makes minor organizational changes to existing regulations.

The Department of Housing and Urban Development (HUD) is asking for public comments on a proposed information collection concerning the Operating Fund Shortfall Program. This program, which has been active since 2021, aims to help Public Housing Agencies with financial difficulties by providing additional funds and supporting their financial improvement plans. The public can comment on whether this information is necessary and suggest ways to improve its quality and reduce the burden of collection. Interested persons have until May 16, 2025, to submit their comments.

The Department of Housing and Urban Development (HUD) issued a notice about the Universal Notice, which details rules for managing disaster recovery funds through the Community Development Block Grant Disaster Recovery (CDBG-DR) program. This notice explains how these funds will be allocated, including any waivers or alternatives to standard requirements, to ensure quicker and more consistent disaster recovery efforts after presidentially declared disasters. The notice sets procedures for the execution of grant awards, outlines measures to streamline recovery processes, and ensures that fair housing and civil rights are respected during implementation. HUD aims to offer better transparency and access to recovery funds to help communities recover effectively and equitably.

The U.S. Department of Housing and Urban Development (HUD) is requesting public feedback on a proposed information collection effort related to the Family Options Study. This study aims to assess the long-term impacts of different housing and service interventions on homeless families. HUD intends to update contact information for 2,241 families who participated in the study to conduct a followup survey approximately eleven years after their initial enrollment. Comments are invited from the public regarding the necessity, accuracy, and burden of this information collection.

The Department of Housing and Urban Development (HUD) is requesting public comments on a proposed information collection, as it seeks approval from the Office of Management and Budget (OMB). This notice allows 30 additional days for public feedback on the information collection related to requirements for designating housing projects. The collection seeks to gather details from Public Housing Agencies on why certain housing projects should be designated for specific groups like the elderly or disabled, including justifications and potential impacts. Comments are encouraged to focus on whether this information is necessary, its accuracy, and ways to improve or ease the data collection process.

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.

The Department of Housing and Urban Development (HUD) is requesting public comments on a proposed information collection regarding contracting with resident-owned businesses. This notice provides an additional 30 days for public input, with comments due by January 17, 2025. HUD aims to ensure compliance with specific requirements for contracts, including licenses and certifications, for public housing agencies working with resident-owned businesses. The goal is to enhance the quality and clarity of the information collected while minimizing the burden on those responding to the collection.

The Department of Housing and Urban Development (HUD) issued a notice making technical revisions to the "Operations Notice for the Expansion of the Moving to Work Demonstration Program," with changes effective March 20, 2025. These updates include clarifications on the program's funding, financial reporting, and the use of waivers, while ensuring no material changes are made to the previous notice issued on August 28, 2020. Revisions also include updating contact information and adding new categories to existing program components, such as voucher types and flexibility applications. These changes aim to enhance the clarity and guidance provided to public housing agencies.

The Department of Housing and Urban Development (HUD) has announced an adjustment to the Basic Statutory Mortgage Limits for its Multifamily Housing Programs. This change, effective January 1, 2025, reflects a 3.4% increase based on the Consumer Price Index for All Urban Consumers. The adjusted mortgage limits apply to FHA multifamily mortgage insurance applications submitted on or after this date. This adjustment does not require environmental review as it does not affect the physical state of project areas.

The Department of Housing and Urban Development (HUD) published a notice seeking public comments on a proposed information collection related to the evaluation of the Stepped and Tiered Rent Demonstration. This project involves 10 Public Housing Agencies testing new rent policies aimed at reducing administrative burdens and promoting self-sufficiency. HUD is collecting data and conducting interviews to assess the impact of these policies, with an estimated 84.25 annual burden hours and a total annual cost of $19,973.96. Public comments are invited to assess the necessity, burden, and methods of this information collection.