View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
HUD/OH | RIN: 2502-AJ75 | Publication ID: Fall 2024 |
Title: Financing the Purchase of a Cooperative Manufactured Home Communities (FR-6478) | |
Abstract:
This proposed rule would modernize 24 CFR 200.24 to allow the financing of the purchase of a cooperative manufactured home community under Section 223(f) of the National Housing Act. 24 CFR 200.24 currently does not allow for purchases of cooperative manufactured housing parks, only refinancing of existing debt. Section 223(f) of the National Housing Act authorizes FHA mortgage insurance for existing multifamily housing projects, irrespective of whether the project is for rental or cooperative housing. This proposed rule would align HUD’s regulations with this statutory authority. |
|
Agency: Department of Housing and Urban Development(HUD) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 24 CFR 200.24 | |
Legal Authority: 12 U.S.C. 1715n |
Legal Deadline:
None |
||||||
Timetable:
|
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: Willie Fobbs Director, Office of Multifamily Production Department of Housing and Urban Development Office of Housing 451 7th Street SW, Washington, DC 20410 Phone:202 402-6257 |