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HUD/OH RIN: 2502-AJ55 Publication ID: Spring 2022 
Title: Amendment for the Removal of the Three-Year Requirement Contained in 24 CFR 232.902 (FR-6213) 

HUD's current regulatory provision currently includes a three-year bar to mortgage insurance applications for recently constructed residential care facilities. HUD's current regulation precludes consideration of needed financing for many facilities that may be an excellent credit risk and may strengthen HUD’s overall portfolio. This interim rule will result in the removal of the three-year eligibility requirement for section 232/223(f) applications and will thus position HUD to evaluate applications on newly stabilized residential care facilities. The need for this amendment is particularly urgent in light of COVID-19-related impacts on conventional lending alternatives, as well as a need for facilities that contain the latest updates in the design and construction of HVAC equipment to assist in virus outbreak prevention among vulnerable elderly populations. The amendment will also bring HUD’s treatment of residential care facilities in line with its treatment of multifamily housing in this respect.

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 
CFR Citation: 24 CFR 232.902   
Legal Authority: 12 U.S.C. 1715b    12 U.S.C. 1715w    12 U.S.C. 1735d    12 U.S.C. 1735f-19    42 U.S.C. 3535(d)   
Legal Deadline:  None
Action Date FR Cite
Interim Final Rule  04/00/2023 
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:
John Hartung
Director, Policy, Risk Analysis and Lender Relations Division
Department of Housing and Urban Development
Office of Housing
1222 Spruce Street, Room 3.203,
St. Louis, MO 63103
Phone:314 418-5238