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HUD/OH | RIN: 2502-AJ62 | Publication ID: Spring 2022 |
Title: ●Federal Housing Administration (FHA): Standard Program Regulation and Renewal Contract (FR-6320) | |
Abstract:
This notice seeks comments from the public regarding an initiative under which the Office of Multifamily Housing (MFH), in partnership with owners, tenants, and other program stakeholders, would move toward a set of uniform policies to govern MFH’s project-based Section 8 Housing Assistance Payments (HAP) program. Currently, MFH administers eight project-based Section 8 HAP programs, each governed by its own regulation or Notice and subject to differing requirements. To address this complexity, MFH envisions promulgating a standard program regulation and a standard contract that would be used to renew HAP contracts under Section 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA), which provides in part that project-based Section 8 assistance governed by Section 524 shall be provided under a contract having such terms and conditions as the Secretary considers appropriate, subject to the requirements of this section. This provision gives the Secretary broad leeway to establish the terms and conditions under which such contracts are renewed, consistent with the requirements of section 524. Upon expiration, most contracts in MFH’s portfolio are eligible for renewal under section 524. |
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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 |
CFR Citation: 24 CFR 880 and 881 24 CFR 883 and 884 24 CFR 886 24 CFR 891 | |
Legal Authority: Section 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997, as amended (Title V of Pub. L. 105–65, October 27, 1997, 111 Stat. 1384) |
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: Tobias J. Halliday Director, Office of Asset Management and Portfolio Oversight Department of Housing and Urban Development Office of Housing 451 Seventh Street SW, Washington, DC 20410 Phone:202 402-3823 |