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HUD/OH RIN: 2502-AI24 Publication ID: Fall 2008 
Title: Disposition of HUD-Owned Multifamily Projects; Purchaser's Compliance With State and Local Housing Laws and Requirements (FR-4941) 
Abstract: This rule revises HUD’s regulations governing the disposition of multifamily projects that are HUD-owned or secured by a HUD-held mortgage that is being foreclosed to implement statutory amendments made by the Consolidated Appropriations Act, 2004. The rule would require a potential purchaser of such a project to certify that all other projects owned by the purchaser, and located in the same city or town as the project being purchased, are in substantial compliance with applicable State or local government housing statutes, regulations, ordinances, and codes. A purchaser of a multifamily project from a State or local government that previously had acquired the property from HUD would also be required to submit evidence of substantial compliance with applicable State or local housing requirements. The rule would also expand the scope of the participation and compliance requirements for HUD’s Federal Housing Administration programs to include purchasers of multifamily housing projects from State or local governments, where the property had been previously been acquired by the State or local government from HUD. The rule follows publication of an August 5, 2005, proposed rule and takes into consideration the public comments on the proposed rule. 
Agency: Department of Housing and Urban Development(HUD)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 24 CFR 200    24 CFR 290   
Legal Authority: 12 USC 1701 to 1715z-21    42 USC 3535(d)    42 USC 3535(i)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  08/05/2005  70 FR 45492   
NPRM Comment Period End  10/04/2005    
Next Action Undetermined  To Be Determined    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Janet Golrick
Associate Deputy Assistant Secretary for Multifamily Housing
Department of Housing and Urban Development
Office of Housing
451 7th Street SW.,
Washington, DC 20410
Phone:202 402-3998