<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<REGINFO_RIN_DATA xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" RUN_DATE="2026-06-10-04:00" xsi:noNamespaceSchemaLocation="https://www.reginfo.gov/public/xml/REGINFO_XML_Ver10262011.xsd">
    <RIN_INFO>
        <RIN>2502-AI92</RIN>
        <PUBLICATION>
            <PUBLICATION_ID>201010</PUBLICATION_ID>
            <PUBLICATION_TITLE>The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions</PUBLICATION_TITLE>
        </PUBLICATION>
        <AGENCY>
            <CODE>2502</CODE>
            <NAME>Office of Housing</NAME>
            <ACRONYM>OH</ACRONYM>
        </AGENCY>
        <PARENT_AGENCY>
            <CODE>2500</CODE>
            <NAME>Department of Housing and Urban Development</NAME>
            <ACRONYM>HUD</ACRONYM>
        </PARENT_AGENCY>
        <RULE_TITLE>Federal Housing Administration (FHA): Refinancing an Existing Cooperative Under Section 207 Pursuant to Section 223(f) of the National Housing Act  </RULE_TITLE>
        <ABSTRACT><![CDATA[HUD proposes to revise its regulations governing the eligibility for FHA insurance of mortgages used for the purchase or refinancing of existing multifamily housing projects.  Although the statutory language authorizing such insurance does not distinguish between rental or cooperative multifamily projects, HUDs current regulations limit FHA insurance to existing rental projects.  Given the current crisis in the capital markets and the significant downturn in the multifamily market, the Department has determined that this is an appropriate time to reconsider this regulatory imposed limitation with respect to the mortgage insurance for the  refinancing of cooperative projects.  As mortgage lenders strive to increase capital reserves and tighten underwriting standards, the availability of financing for multifamily housing has been reduced.  FHA mortgage insurance could significantly improve the availability of funds and permit more favorable interest rates than would otherwise be likely.  Accordingly, this proposed rule would revise HUDs regulations to enable existing multifamily cooperative project owners to obtain FHA insurance for the refinancing of existing indebtedness.]]></ABSTRACT>
        <PRIORITY_CATEGORY>Other Significant</PRIORITY_CATEGORY>
        <RIN_STATUS>First Time Published in The Unified Agenda</RIN_STATUS>
        <RULE_STAGE>Proposed Rule Stage</RULE_STAGE>
        <MAJOR>No</MAJOR>
        <UNFUNDED_MANDATE_LIST>
            <UNFUNDED_MANDATE>No</UNFUNDED_MANDATE>
        </UNFUNDED_MANDATE_LIST>
        <CFR_LIST>
            <CFR>24 CFR 200</CFR>
        </CFR_LIST>
        <LEGAL_AUTHORITY_LIST>
            <LEGAL_AUTHORITY>12 USC 1703</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>12 USC 1709</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>12 USC 1715b</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>42 USC 3535(d)</LEGAL_AUTHORITY>
        </LEGAL_AUTHORITY_LIST>
        <LEGAL_DLINE_LIST/>
        <RPLAN_ENTRY>No</RPLAN_ENTRY>
        <TIMETABLE_LIST>
            <TIMETABLE>
                <TTBL_ACTION>NPRM</TTBL_ACTION>
                <TTBL_DATE>12/00/2010</TTBL_DATE>
            </TIMETABLE>
        </TIMETABLE_LIST>
        <RFA_REQUIRED>No</RFA_REQUIRED>
        <GOVT_LEVEL_LIST>
            <GOVT_LEVEL>None</GOVT_LEVEL>
        </GOVT_LEVEL_LIST>
        <FEDERALISM>No</FEDERALISM>
        <PRINT_PAPER>No</PRINT_PAPER>
        <INTERNATIONAL_INTEREST>No</INTERNATIONAL_INTEREST>
        <AGENCY_CONTACT_LIST>
            <CONTACT>
                <FIRST_NAME>Joyce</FIRST_NAME>
                <LAST_NAME>Allen</LAST_NAME>
                <TITLE>Director,Office of Multifamily Housing Development</TITLE>
                <AGENCY>
                    <CODE>2502</CODE>
                    <NAME>Office of Housing</NAME>
                    <ACRONYM>OH</ACRONYM>
                </AGENCY>
                <PHONE>202 708-1142</PHONE>
                <TDD_PHONE>800 877-8339</TDD_PHONE>
                <MAILING_ADDRESS>
                    <STREET_ADDRESS>HUD, 451 7th Street SW.,</STREET_ADDRESS>
                    <CITY>Washington</CITY>
                    <STATE>DC</STATE>
                    <ZIP>20410</ZIP>
                </MAILING_ADDRESS>
            </CONTACT>
        </AGENCY_CONTACT_LIST>
    </RIN_INFO>
</REGINFO_RIN_DATA>
