Federal Regulations & Notices
HUD Operating Requirements on Emergency Housing Vouchers
On May 5, 2021, the Department of Housing and Urban Developmentās Office of Public and Indian Housing issued these operating requirements for the $5 billion in Emergency Housing Vouchers, included in the American Rescue Plan Act of 2021.
CFPB Executive Summary of Final Rule on Qualified Mortgage Definition Delay
On April 27, 2021, the Consumer Financial Protection Bureau (CFPB) released this executive summary of its final rule delaying the mandatory compliance date for the final Qualified Mortgage (QM) Definition under the Truth in Lending Act: General QM Loan Definition from July 1, 2021 to October 1, 2022.
CFPB Final Rule on Qualified Mortgage Definition Delay
The Consumer Financial Protection Bureau (CFPB) issued this final rule to delay the mandatory compliance date for the final Qualified Mortgage (QM) Definition under the Truth in Lending Act: General QM Loan Definition from July 1, 2021 to October 1, 2022.Ā
HUD Request for Public Comments on Housing Trust Fund Interim Final Rule
On April 26, 2021, the U.S. Department of Housing and Urban Development (HUD) published this document in the Federal Register seeking comments on the January 30, 2015 Housing Trust Fund Interim final rule. Comments are due to HUD on June 25.
HUD Letter on Resumption of REAC In-Person Housing Inspections
On April 23, 2021, Secretary of Housing and Urban Development Marcia Fudge issued this letter to public housing authorities, multifamily housing owners, and property managers announcing the Real Estate Assessment Center will resume in-person housing inspections on June 1, 2021. In-person inspections were paused as a COVID-19 safety protocol.
CFPB Interim Final Rule on Consumer Rights, Debt Collection Under CDC Eviction Moratorium
This interim final rule from the Consumer Financial Protection Bureau amends Regulation F of the Fair Debt Collection Practices Act to address certain debt collector conduct associated with the Centers for Disease Control and Prevention (CDC) eviction moratorium in response to the COVID-19 pandemic. The interim final rule requires debt collectors to provide written notice to tenants of their rights under the CDCās eviction moratorium. The rule also prohibits debt collectors from misrepresenting tenantsā eligibility for protection.Ā
U.S. Department of the Treasury Homeowner Assistance Program Website
The Homeowner Assistance Fund (HAF) is a highly flexible source of financial assistance to help homeowners who are experiencing COVID-19-related economic difficulties remain in their homes. Nearly $10 billion in funds will be distributed to states, territories, and tribal entities. HAF will be used to help struggling homeowners cover a variety of costs incurred, including mortgage principal reductions, interest rate reductions, utility payments, homeowners and condo association fees, and hazard insurance.
IRS Notice 2021-28: Public Recommendations on Items to be Included on the 2021-2022 Priority Guidance Plan
This Notice invites public comments on items the U.S. Department of the Treasury and Internal Revenue Service should consider including in their 2021-2022 Priority Guidance Plan, which identifies guidance projects on which Treasury and IRS intend to actively work during the period from July 1, 2021, to June 30, 2022.Ā Comments are due by May 28.
Homeowner Assistance Fund Program Guidance and Allocation Formula
On April 14, Treasury released program guidance and the formula for dispersing funds to states and territories for the Homeowner Assistance Fund.
