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HUD/OH RIN: 2502-AJ35 Publication ID: Fall 2016 
Title: Section 542(c) Housing Finance Agencies Risk-Sharing Program: Revisions to Regulations  
Abstract:

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 This rule also updates references and terminology that are now outdated and clarifies certain provisions.

 
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 
EO 13771 Designation: uncollected 
CFR Citation: 24 CFR 266   
Legal Authority: Not Yet Determined   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  03/08/2016  81 FR 12051   
NPRM Comment Period End  04/07/2016 
Final Action  12/00/2016 
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:
Wendy Carter-Houston
Department of Housing and Urban Development
Office of Housing
451 Seventh Street SW.,
Washington, DC 20410
Phone:202 402-2576