Search Results for keywords:"HUD"

The Department of Housing and Urban Development (HUD) has announced changes in the interest rates for debentures associated with loans or mortgages insured by the Federal Housing Administration. For the period starting January 1, 2021, debentures issued under one section of the National Housing Act will have an interest rate of 3/4 percent, and under other sections, the rate is 1 3/8 percent. The rates are determined based on when the loan or mortgage was committed or endorsed and have been approved by the Secretary of the Treasury. The notice outlines these interest rates and provides instructions for insurance claims paid in cash.

The Department of Housing and Urban Development (HUD) is asking for public comments on a proposed data collection project related to its partnership with the Department of Justice (DOJ) on the Pay for Success Permanent Supportive Housing Demonstration. This project aims to use funds to support housing for individuals moving between jail and homelessness. The data will help evaluate how this funding model works in different communities. HUD seeks feedback specifically on the necessity, burden, and ways to enhance the quality and efficiency of the information collection process. Public comments are due by March 26, 2021.

The U.S. Department of Housing and Urban Development (HUD) released a final rule on January 6, 2025, for updating and streamlining the HOME Investment Partnerships Program. Initially set to take effect on February 5, 2025, HUD has delayed the effective date to April 20, 2025, in response to a presidential memorandum titled "Regulatory Freeze Pending Review." This delay is intended to allow HUD to review the rule for any potential issues or implications.

The Department of Housing and Urban Development (HUD) has sent a proposal regarding information collection to the Office of Management and Budget (OMB) for review, under the Paperwork Reduction Act. This information collection involves the process mortgagees must follow to apply for partial settlement of a defaulted FHA insured multifamily mortgage. The public is invited to offer comments on this proposal by March 25, 2021, especially on aspects like its necessity, accuracy, quality, and any potential ways to reduce the burden of responding. This is part of a revision to an already approved collection, and HUD is keen on receiving public feedback to enhance the process.

The Department of Housing and Urban Development (HUD) is asking for approval from the Office of Management and Budget (OMB) to collect information for their Personnel Security Integrated System for Tracking (PerSIST). This information collection is meant to support decisions regarding the suitability and eligibility of people applying for federal positions. HUD is extending the time for public comments by 30 days and invites the public to share any thoughts on the necessity, utility, accuracy, and minimization of burden of this data collection. The public can submit comments by January 27, 2025, either online or by contacting Anna Guido at HUD.

The Department of Housing and Urban Development (HUD) has issued a final rule modifying the Federal Manufactured Home Construction and Safety Standards. This rule adopts certain recommendations from the Manufactured Housing Consensus Committee (MHCC) to enhance safety, affordability, and flexibility of manufactured homes. Key amendments include updates to standards for attached garages and structures, interior passage dimensions, carbon monoxide and smoke alarms, and stairway design and requirements. The rule aims to modernize the standards, align them with best practices, and incorporate new technologies to provide benefits to consumers and the broader community.

The notice from the Department of Housing and Urban Development (HUD) announces the Annual Adjustment Factors (AAFs) for fiscal year 2025, which are used to adjust contract rents for units under certain Section 8 housing assistance programs. These adjustments are based on changes in residential rent and utility costs. The AAFs, which help ensure rents keep up with market changes, are applied to contracts on their anniversary dates. Different Section 8 programs have specific guidelines on how to apply these adjustments, which involve either Tables 1 or 2 that indicate whether utilities are included in the rent. The notice also outlines the methodology for calculating these factors using various data sources, such as the Consumer Price Index and private rent data.

The Department of Housing and Urban Development (HUD) is seeking approval from the Office of Management and Budget (OMB) for collecting information related to appraiser designations and appraisal reports. This request is in line with the Paperwork Reduction Act, allowing for a 60-day period for public comment on the proposal. The information gathered is crucial for ensuring accurate appraisals, particularly for Federal Housing Administration (FHA) insured mortgages, to safeguard the interests of HUD, taxpayers, and the FHA insurance fund. HUD encourages feedback on the necessity, accuracy, and potential burden of this information collection process.

The Department of Housing and Urban Development (HUD) is asking for public feedback on a proposed information collection regarding the management review of multifamily housing projects. This proposal will be open for public comment for 60 days. The information collected is intended to help HUD and other stakeholders evaluate project management quality and address any issues to prevent defaults. HUD is seeking input on the necessity, accuracy, and ways to improve the information collection process.

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.