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The Department of Housing and Urban https://www.gpo.gov/fdsys/pkg/FR-2017-01-
Development (HUD) has issued a final rule 12/pdf/2017-00178.pdf. Federal Register, Vol.
codifying several significant changes to FHA’s 82, No. 8, 01/12/2017, 3619-3623.
Home Equity Conversion Mortgage program
that were previously issued under the authority HUD Issues Correction to Final Rule on
granted to HUD in the Housing and Economic Housing Counseling.
Recovery Act of 2008 and the Reverse Mortgage
Stabilization Act of 2013, and makes additional HUD has issued a correction to its final rule
regulatory changes. The HECM program is implementing changes to its housing counseling
FHA’s reverse mortgage program that enables statute regarding an incorrect amendatory
seniors who have equity in their homes to instruction. The correction is effective
withdraw a portion of the accumulated equity. 01/31/2017. The correction may be viewed at:
The intent of the Home Equity Conversion https://www.gpo.gov/fdsys/pkg/FR-2017-01-
Mortgage program is to ease the financial 31/pdf/2017-00255.pdf. Federal Register, Vol.
burden on elderly homeowners facing increased 82, No. 19, 01/31/2017, 8811.
health, housing, and subsistence costs at a time
of reduced income. FHA’s mission is to serve HUD Announces Funding Awards for Rural
underserved markets, which must be balanced Capacity Building for Community Development
with HUD’s inherent, as well as, statutory and Affordable Housing Program.
obligation under the National Housing Act to
protect the FHA insurance funds. This HUD has issued a notice announcing the funding
rulemaking strengthens the FHA Home Equity decisions made by HUD in a competition for
Conversion Mortgage program and codifies funding under the FY 2016 Notice of Funding
changes that reduce risk to the Mutual Mortgage Availability (NOFA) for the Rural Capacity
Insurance Fund and increase the sustainability of Building for Community Development and
this important program for seniors. This final Affordable Housing Program. The notice
rule follows publication of a May 19, 2016, contains the names and addresses of the award
proposed rule and takes into consideration the recipients under the NOFA. The notice may be
public comments received on the proposed rule. viewed at: https://www.gpo.gov/fdsys/pkg/FR-
The final rule is effective 09/19/2017. The final 2017-01-11/pdf/2017-00432.pdf. Federal
rule may be viewed at: Register, Vol. 82, No. 7, 01/11/2017, 3348.
https://www.gpo.gov/fdsys/pkg/FR-2017-01-
19/pdf/2017-01044.pdf. Federal Register, Vol. HUD Issues Notice of HOTMA
82, No. 12, 01/19/2017, 7094-7146. Implementations.
HUD Finalizes Rule Revising its Freedom of HUD has issued a notice of implementation for
Information Act Regulation. several of the provisions of the Housing
Opportunity Through Modernization Act that
HUD is issuing a final rule to amend its impact the Housing Choice Voucher and
Freedom of Information Act (FOIA) regulation Project-Based Voucher programs, and seeks
to implement the FOIA Improvement Act of additional public input on both the implementing
2016. The FOIA Improvement Act enacted a requirements in this document and future
range of procedural issues, including changes to these programs. The implementation
requirements that agencies establish a minimum is effective 04/18/2017. Comments are due
of 90 days for requesters to file an 03/20/2017. The notice may be viewed at:
administrative appeal, and codifies the https://www.gpo.gov/fdsys/pkg/FR-2017-01-
foreseeable harm standard. In addition, this final 18/pdf/2017-00911.pdf. Federal Register, Vol.
rule revises a section of HUD’s FOIA 82, No. 11, 01/18/2017, 5458-5473.
regulations to more accurately reflect statutory
language. The final rule is effective 02/13/2017. HUD Issues Notice of Fund Allocation.
The final rule may be viewed at:
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