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HUD/OH | RIN: 2502-AJ28 | Publication ID: Spring 2016 |
Title: Retrospective Review – Improving the Previous Participation Reviews of Prospective Multifamily Housing Program Participants (FR-5850) | |
Abstract:
This rule would revise HUD’s regulations for assessing the previous performance in federal programs of certain participants seeking to take part in HUD multifamily housing programs. Specifically, the proposed rule would clarify and simplify the process by which participants that have decision-making authority over their projects demonstrate that they have met their legal, financial, and contractual obligations when participating previously in federal programs. The rule would more clearly identify which individuals and entities must submit information about their prior performance, as well as clarify what kinds of actions would trigger the previous performance review process. The rule would also provide HUD with additional flexibility to request from applicants information that is specific to the applicant, assess the risk they might pose based on prior performance, and to approve or disapprove potential participants. The rule would replace the current prior participation review process and replace the currently required certification form. |
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Agency: Department of Housing and Urban Development(HUD) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 24 CFR 200 | |
Legal Authority: 12 U.S.C. 1702-1715z-21 42 U.S.C. 3535(d) |
Legal Deadline:
None |
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Timetable:
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Additional Information: Includes Retrospective Review under Executive Order 13563. | |
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: Aaron Hutchinson Office of Asset Management and Portfolio Oversight, Office of Multifamily Housing Programs Department of Housing and Urban Development Office of Housing 451 7th Street SW., Washington, DC 20410 Phone:202 402-4188 |