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HUD/OH

RIN: 2502-AJ35

Publication ID: Spring 2018

Title: Section 542(c) Housing Finance Agencies Risk-Sharing Program: Revisions to Regulations (FR-5881)
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 This rule also updates references and terminology that are now outdated and clarifies certain provisions.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: Long-Term Actions
Major: No	Unfunded Mandates: No
EO 13771 Designation: Other
CFR Citation: 24 CFR 266
Legal Authority: 12 U.S.C. 1712z 42 U.S.C. 3535(d)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	03/08/2016	81 FR 12051
NPRM Comment Period End	04/07/2016
Final Action	05/00/2019

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
Public Comment URL: www.regulations.gov/searchResults?rpp=25&po=0&s=FR-5881&fp=true&ns=true
RIN Data Printed in the FR: No
Agency Contact: Donald Billingsley Acting Director, Program Administration Office, Office of Multifamily Housing Production Department of Housing and Urban Development Office of Housing 451 Seventh Street SW, Washington, DC 20410 Phone:202 402-7125