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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.

 
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
Timetable:
Action Date FR Cite
ANPRM  09/00/2018 
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