Community Development Digest

Regulatory Update

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Comments Sought on GSE Underserved Areas Plans

Fannie Mae and Freddie Mac have unveiled their proposed Underserved Markets Plans as mandated by the Duty to Serve program, an administration initiative requiring the government-sponsored enterprises to accelerate a secondary market for mortgages on housing for very low-, low-, and moderate-income f...

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Proposed Study to Gauge ‘Rapid’ Success

The proposed study would provide an opportunity to: (1) synthesize existing research on RRH programs; (2) extend the analysis of data from the Family Options Study; (3) provide a detailed examination of all rapid re-housing programs nationwide; and (4) conduct qualitative research with a small sample of families and individuals who receive RRH.

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Final Rule to Mandate Equal Access

Through this final rule, HUD ensures equal access to individuals in accordance with their gender identity in programs and shelter ...

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HUD Proposal Will Push Broadband Access for New Projects

The Department of Housing and Urban Development will soon issue rules designed to encourage the availability of broadband access to communities in need of such access.

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Justice Department Issues New Guidance on ADA Integration Mandate

The guidance explains how the ADA integration mandate and the U.S. Supreme Court’s decision in Olmstead v. L.C. apply to public employment service systems for individuals with disabilities.

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HUD Proposes New Elevation Requirements in Flood Prone Communities

The Department of Housing and Urban Development (HUD) has proposed new rules for properties seeking HUD assistance or Federal Housing Administration mortgage insurance. Newly built homes and businesses, and those undergoing significant remodels, will be subject to increased elevation requirements to be eligible for HUD financing.

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Section 108 Loan Fees to be Assessed in 2017

The Department of Housing and Urban Development announces it will collect fees from borrowers of loans guaranteed under HUD’s Section 108 Loan Guarantee Program to offset the program costs. Rules implement legislation requiring HUD to take action to make the program more revenue neutral.

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EDA Proposes Important Changes to Revolving Loan Fund

EDA is proposing important changes to the regulations governing the Revolving Loan Fund (RLF) program that are intended to reflect current best practices and strengthen EDA’s efforts to evaluate, monitor, and improve RLF performance by establishing the Risk Analysis System, a risk-based management framework, to evaluate and manage the RLF program.

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FHA Proposes New Rules for Condo Approval Process

The Federal Housing Administration (FHA) is proposing new rules governing the approval process for condominium developments. FHA proposes to reinstate spot approvals in unapproved condominium developments and to require condo projects to recertify their approval status every three years rather than the current two-year requirement.

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Fed Makes Available New Guidance on CRA Regulations

The Federal Reserve System releases an overview of the community development goals and opportunities available under the Community Reinvestment Act, including how various CRA regulations should be interpreted.

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