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HUD/OH | RIN: 2502-AJ44 | Publication ID: Spring 2018 |
Title: ●Federal Housing Administration (FHA): Single Family Mortgage Insurance; Downpayment Assistance Program (FR-6095) | |
Abstract:
This advanced notice of proposed rulemaking seeks comment on the current downpayment and minimum cash investment requirements for FHA’s Title II forward mortgages. Specifically, HUD will seek comment on the use of downpayment assistance from a source other than a family member, including from tribal providers, state housing finance agencies, local housing finance agencies, entities acting in a governmental capacity and non-profit organizations in satisfying the statutorily required minimum investment and as a source of any additional funds needed to close the insured mortgage transaction. HUD also intends to seek comment on the use of downpayment assistance or secondary financing generally. |
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Agency: Department of Housing and Urban Development(HUD) | Priority: Other Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Prerule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Other | |
CFR Citation: 24 CFR 203 | |
Legal Authority: 12 U.S.C. 1709 12 U.S.C. 1710 12 U.S.C. 1715b 12 U.S.C. 1715u 42 U.S.C 3535(d) |
Legal Deadline:
None |
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Timetable:
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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: Elissa Saunders Director, Office of Single Family Program Development Department of Housing and Urban Development Office of Housing 451 7th Street SW, Washington, DC 20410 Phone:202 708-1672 |