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					Federal Agency Update 1/2010



      HUD Recovery Act Programs:
          o www.HUD.gov/Recovery
          o Neighborhood Stabilization Program
                   Recent announcement of nearly $2 Bil. In competitive grants
                   500 applications received, 56 awards
                   3 years to spend $
                   http://www.hud.gov/offices/cpd/communitydevelopment/programs/neighborh
                       oodspg
      FHA actions:
          o Speed resale of foreclosed properties that require repairs
          o Policy changes to address risk and strengthen finances
          o New RESPA Booklet for borrowers (12/29/10):
                   http://www.hud.gov/offices/hsg/ramh/res/Settlement-Booklet-January-6-
                       REVISED.pdf
      Rental Housing Integrity Improvement Project (RHIIP) and Electronic Income Verification:
          o New brochures for tenants (FHA insured-subsidized):
                   http://portal.hud.gov/portal/page/portal/HUD/program_offices/administration
                       /hudclips/notices/hsg/files/10-02hsgn.doc
          o Public Housing version coming.

				
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posted:9/29/2011
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