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| View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
| HUD/OH | RIN: 2502-AI68 | Publication ID: Spring 2009 |
| Title: Establishment of Requirements for Community Land Trusts (FR-5176) | |
| Abstract: This rule establishes regulations that will permit mortgages on properties located in community land trusts to be eligible for FHA mortgage insurance. Community land trusts currently require certain legal restrictions on conveyance that are inconsistent with the ability to sell without encumbrance that HUD has for nonprofits participating in low and moderate income programs. This rule will allow a community land trust to retain the legal controls needed to preserve affordability while allowing mortgages on individual properties located in community land trusts to be eligible for FHA mortgage insurance. | |
| Agency: Department of Housing and Urban Development(HUD) | Priority: Substantive, Nonsignificant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
| Major: No | Unfunded Mandates: No |
| CFR Citation: 24 CFR 203.41(h) | |
| Legal Authority: 12 USC 1709, 1710, 1715b, 1715z-16, 7 1715U 42 USC 3535(d) | |
|
Legal Deadline:
None |
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Timetable:
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| 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: James Beavers Deputy Director, Office of Single Family Program Development Department of Housing and Urban Development 451 7th Street NW, Washington, DC 20410 Phone:202 402-2205 |
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