2502-AJ35 201610 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 2502 Office of Housing OH 2500 Department of Housing and Urban Development HUD Section 542(c) Housing Finance Agencies Risk-Sharing Program: Revisions to Regulations

Through the section 542(c) HFA Risk-Sharing program, HUD enters into risk-sharing agreements with State and local housing finance agencies (HFAs) so that HFAs can provide more insurance and credit for multifamily loans. This rule amends existing regulations for the program so that they better align with policies for other HUD programs, reflect current industry and HUD practices, and conform to statutory amendments. Additionally, this rule provides HUD with greater flexibility in operating the section 542(c) HFA Risk-Sharing program over time, and provides more flexibility for certain HFAs accepting a greater share of the risk of loss on mortgages insured under the program. This rule also updates references and terminology that are now outdated and clarifies certain provisions.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No 24 CFR 266 Not Yet Determined No NPRM 03/08/2016 81 FR 12051 NPRM Comment Period End 04/07/2016 Final Action 12/00/2016 No No None No No No No Wendy Carter-Houston 2502 Office of Housing OH 202 402-2576 451 Seventh Street SW., Washington DC 20410