Department of Housing and Urban Development May 11, 2007 – Federal Register Recent Federal Regulation Documents

Through this proposed rule, HUD submits, for public comment, specific standards governing a mortgagor's investment in property for which the mortgage is insured by the Federal Housing Administration (FHA). Specifically, this proposed rule would codify HUD's longstanding practice, authorized by statute, of allowing a mortgagor's investment to be derived from gifts by family members and certain organizations. The standards would address a situation in which the mortgagor's investment is derived from a gift, loan, or other payment that is provided by any donor, including an individual or an organization, and would also specify prohibited sources for a mortgagor's investment. The proposed rule would establish that a prohibited source of downpayment assistance is a payment that consists, in whole or in part, of funds provided by any of the following parties before, during, or after closing of the property sale: (1) The seller, or any other person or entity that financially benefits from the transaction; or (2) any third party or entity that is reimbursed directly or indirectly by any of the parties listed in clause (1).

The proposed information collection requirement described below will be submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal.

On January 18, 2007, HUD published its Notice of HUD's Fiscal Year (FY) 2007 Notice of Funding Availability (NOFA) Policy Requirements and General Section to the FY 2007 SuperNOFA for HUD's Discretionary Programs (General Section). On March 13, 2007, HUD published its FY 2007 SuperNOFA for HUD's Discretionary Programs (FY 2007 SuperNOFA). In this notice published in today's Federal Register, HUD announces that it has posted corrected materials to Grants.gov, extends deadline dates for submission of applications, and clarifies requirements for submitting faxed documents. HUD is also providing supplemental information for and making technical corrections to the General Section and several individual program NOFAs. HUD has found that the Logic Models posted to Grants.gov included an error in the instructions and programming errors that could lead applicants to submit deficient or less competitive applications. HUD is posting corrected Logic Models to Grants.gov. Applicants who have signed up for the Grants.gov notification services will be automatically notified when the corrected Logic Models and these technical corrections are posted to Grants.gov. Applicants that have not signed up for the notification services should check the Grants.gov Web site for the modification to the announcement posting following publication of this Notice. In order to give applicants the opportunity and time to submit or resubmit their applications with the corrected Logic Models, HUD is reopening competition for program NOFAs whose deadline dates have already passed and extending the deadline dates for all NOFAs. Applicants that wish to resubmit their applications must submit an entire, complete application. Applicants that submit more than one electronic copy of the same application must resubmit all faxed documents after receipt and validation by Grants.gov of each revised application. This will ensure that the faxes are associated with the revised application. Finally, this document provides supplementary information for and makes corrections to the General Section and the individual NOFAs for the following programs, which were included in the FY 2007 SuperNOFA: Community Development Technical Assistance Programs (CD-TA), Lead-Based Paint Hazard Control Grant Program, Lead Hazard Reduction Grant Program, Operation Lead Elimination Action Program, Technical Studies Programs (Lead Technical Studies and Healthy Homes Technical Studies), Lead Outreach Program, Healthy Homes Demonstration Grants Program, Housing Choice Voucher (HCV) Family Self-Sufficiency (FSS) Program Coordinators, Resident Opportunity and Self-Sufficiency (ROSS) Elderly/Persons with Disabilities, ROSSFamily-Homeownership, Self- Help Homeownership Opportunity Program, Housing Opportunities for Persons with AIDS (HOPWA), Section 202 Supportive Housing for the Elderly Program, Section 811 Supportive Housing for Persons with Disabilities Program, Early Doctoral Student Research Program, and Doctoral Dissertation Research Grant Program. Applicants who have submitted their applications prior to this publication should resubmit a complete, updated application that reflects any applicable corrections and clarifications, along with the corrected Logic Model described below in section II. The last application received and validated by Grants.gov by the deadline date will be the application that is reviewed, rated, and ranked. The supplementary information and technical corrections in this notice are reflected in the instruction packages but do not affect the application packages on Grants.gov.