SAFE Mortgage Licensing Act: Minimum Licensing Standards and Oversight Responsibilities

Summary: This final rule sets forth the minimum standards for the state licensing and registration of residential mortgage loan originators, requirements for operating the Nationwide Mortgage Licensing System and Registry (NMLSR), and HUD’s Federal oversight responsibilities pursuant to the Secure and Fair Enforcement Mortgage Licensing Act of 2008 (SAFE Act or Act), to ensure proper monitoring and enforcement of states’ compliance with statutory requirements.

Update from Washington

HUD wants to hear your input on how to improve the Choice Neighborhoods Implementation Grant NOFA at the Choice Neighborhoods Listening Session in DC from 2:30 – 4:30pm on Friday, July 15.

The Week In Review

On June 23,Tony Bazzie, Executive Director of the Raleigh County (WV) Housing Authority, testified before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity on a recently released discussion draft, entitled the Section 8 Savings Act (SESA), to reform the Housing Choice Voucher program. NAHRO and six other organizations provided recommendations on the proposed legislation.

Notice of Funding Availability (NOFA) for HUD's Fiscal Year (FY) 2011 Choice Neighborhoods Initiative-Planning Grants

Summary: HUD announces the availability on its Web site and Grants.gov applicant information, submission deadlines, funding criteria, and other requirements for HUD’s FY2011 Choice Neighborhoods Initiative Program—Planning Grants NOFA. Specifically, this NOFA announces the availability of approximately $3.6 million made available under the Department of Defense and Full-Year Continuing Appropriations Act, 2011, Public Law 112–10, enacted April 15, 2011.

Notice of Funding Availability (NOFA) for HUD's Fiscal Year (FY) 2011 Capacity Building for Sustainable Communities Program

SUMMARY: This notice announces HUD’s intention to competitively sell certain unsubsidized single family mortgage loans in a sealed bid sale offering called SFLS 2011–2, without Federal Housing Administration (FHA) m

Update from Washington

Attention NAHRO members! NAHRO, along with others, will testify tomorrow before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity.  The hearing will focus on a recently released discussion draft of the ‘‘Section 8 Savings Act of 2011,” which makes reforms to the Housing Choice Voucher Program.

Week In Review

Have you heard? All across the U.S., housing authorities are gearing up for Father’s Day Weekend. According to HUD, 200 agencies across the nation answered HUD’s call to host Father’s Day 2011 events this Saturday.

The Morning's Latest

 During a briefing from HUD on its proposed operating reserve offset implementation plans on Monday, NAHRO made it clear to HUD Assistant Secretary for Public and Indian Housing Sandra Henriquez that NAHRO will remain strongly opposed to this proposal and will continue its advocacy efforts on Capitol Hill against it.

 In case you missed it, HUD announced on Tuesday, June 14, in its 2010 A

HUD Notice on Policies and Procedures for Special Purpose HCV for Non-Elderly Disabled Families and Other Special Populations

Summary: The purpose of HUD's notice is to establish policies and procedures for issuing, tracking and monitoring Housing Choice Vouchers (HCV) that were awarded under a Notice of Funding Availability (NOFA) to provide rental assistance specifically for non-elderly disabled (NED) families. These policies and procedures will address initial issuance, re-issuance and maintenance of these NED HCVs, tracking them in the Public and Indian Housing Information Center (PIC) and the Voucher Management System (VMS) and issues related to reasonable accommodation.

HUD Issues Guidance on Non-Discrimination and Equal Opportunity Requirements for PHAs

Summary:  HUD's previously published PIH Notice 2010-26 presents information on requirements of PHAs regarding non-discrimination and accessibility for persons with disabilities. This notice (2011-31) reiterates those requirements and adds applicable requirements regarding civil rights and environmental justice provisions. This Notice does not supersede PIH notice 2010-26 or any subsequent notice.