Department of Housing and Urban Development June 17, 2009 – Federal Register Recent Federal Regulation Documents
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Notice of Availability: Notice of Fund Availability (NOFA) for Fiscal Year 2009 Neighborhood Stabilization Program 2 Under the American Recovery and Reinvestment Act of 2009; Correction
On May 7, 2009, HUD posted on its Web site its Notice of Funding Availability (NOFA) for competitive grants for the Neighborhood Stabilization Program 2 (NSP2), authorized under the American Recovery and Reinvestment Act of 2009 (Recovery Act) (Pub. L. 111-5, approved February 17, 2009). The purpose of the NSP2 program is to stabilize neighborhoods whose viability has been and continues to be damaged by the economic effects of properties that have been foreclosed upon and abandoned. Today's Federal Register publication announces that HUD has posted a notice correcting the NSP2 NOFA on its Web site. Specifically, the notice corrects the NSP2 NOFA to, among other things, permit NSP2 applicants to use a combined index score to determine whether they meet the geographic targeting threshold requirement, correct section (C) of the eligible activities table, and rescind the aggregate 5 percent purchase discount while leaving the 1 percent discount on individual purchases intact. The notice correcting the NSP2 NOFA is available on the HUD Web site at https://www.hud.gov/recovery.
Reporting of Fraudulent Financial Instruments
The Federal Housing Finance Agency (FHFA) is issuing a proposed regulation that would require the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Federal Home Loan Banks (regulated entities) to report to FHFA any fraudulent financial instruments that they purchased or sold. The proposed regulation would also require the regulated entities to establish and maintain internal controls, procedures, and training programs to ensure that any such fraudulent instruments are detected and reported.
Announcement of Funding Awards for the Rental Assistance for Non-Elderly Persons With Disabilities Related to Certain Types of Section 8 Project-Based Developments and Sections 202, 221(d)(3) and 236 Developments (Certain Developments) for Fiscal Year 2008
In accordance with Section 102(a)(4)(C) of the Department of Housing and Urban Development Reform Act of 1989, this announcement notifies the public of funding decisions made by the Department for funding under the FY 2008 Notice of Funding Availability (NOFA) for the Rental Assistance for Non-Elderly Persons with Disabilities Related to Certain Types of Section 8 Project-Based Developments and Sections 202, 221(d)(3) and 236 Developments (Certain Developments) program funding for Fiscal Year 2008. This announcement contains the consolidated names
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