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HUD/OH RIN: 2502-AJ35 Publication ID: Spring 2020 
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 This rule also updates references and terminology that are now outdated and clarifies certain provisions.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: Final Rule Stage 
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  03/00/2021 
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:
Zachary Skochko
Office of Multifamily Production
Department of Housing and Urban Development
Office of Housing
451 Seventh Street SW, Room 6146,
Washington, DC 20410
Phone:202 402-2579
Email: zachary.s.skochko@hud.gov