October 2010 HUDLines

HUD WORKS FOR YOU...
*** HUD Richmond warmly welcomes John E. Hall as our new Field Office Director. Mr. Hall may be reached at 804-771-2100 or john.e.hall@hud.gov *** HUD announces Notice of Voluntary Request to Indicate Intent to Apply for the Fiscal Year (FY) 2010 Choice Neighborhoods Grant Program - reply by 10/7. Contact the NOFA Information Center at (800) HUD-8929 or (202) 402-5461 *** HUD-Held Multifamily and Healthcare Loan Sale - unsubsidized, non-FHA multifamily and healthcare mortgage loans to be sold in competitive, sealed bid sale (http://edocket.access.gpo.gov/2010/2010-22399.htm). Submission of acceptable Confidentiality Agreement and Qualification Statement required *** HUD designates difficult development areas for low income housing tax credit. October 2009 designations of Qualified Census Tracts remain in effect. Visit www.huduser.org/portal/datasets/qct.html or contact Michael K. Hollar, HUD, (202) 402-5878 ***

$$$ ...HUD'S GOT NOFA$... $$$
*** Current HUD Notices of Funding Availability: Section 202 Demonstration Pre-Development due 10/4 ... Lead Based Paint Hazard Control due 10/15 ... Choice Neighborhoods Initiative, Round 1 due 10/26 ... Housing Counseling Training due 10/29 ... Continuum of Care (CoC) due 11/18 - see http://www.hudhre.info/ ... HOPE VI Revitalization due 11/22 ***

FHA LEADS THE WAY...
*** New FHA Mortgagee Letters: 2010-27 ... renews special authority for projects eligibility for mortgage insurance where construction has started ... 2010-28 discusses changes to FHA mortgage insurance premiums ... 2010-29 introduces new minimum credit scores & loan-to-value ratio requirements for FHA-insured loans ... 2010-30 revises temporary authority for Multifamily Hubs to process waiver requests pertaining to the 3-year rule for Section 223(f) to allow for acquisitions ... 2010-31 discusses the annual list of base city high cost percentages & high cost areas ... 2020-32 discusses a revision to policy for partial payment of claims & mortgage modifications ... 2010-33 discusses FHA Connection enhancements to support sponsored third party originations ... 2010-34 Introduces HECM Saver; mortgage insurance premiums & principal limit factor changes for HECM Standard ... For all Mortgagee Letters, see the HUD website ***

HUD'S PARTNER IN THE HUDLIGHTS...
*** Better Housing Coalition's (BHC) holistic approach to community revitalization is a nationally recognized model for building strong, healthy communities. BHC offering bus tours 10/14 and 11/10 from 12 - 2 pm to see how they have been changing lives in the Greater Richmond area for more than 20 years. Parking & lunch provided - Contact Drew Melson at (804) 644-0546 x23 ***

BRIEF BRIEFS...
*** Governor McDonnell announces Energy Star & WaterSense products sales tax holiday 10/8-11 - see http://www.tax.virginia.gov *** Rural Development (RD) offers options to reduce foreclosures on Section 502 guaranteed homes. As of 9/24, lenders may extend loans for up to 40 years & advance (reimbursable) funds to bring defaulted loans current - see http://www.rurdev.usda.gov/RD_NOFAs.html *** Governor McDonnell announces funding to strengthen prisoner re-entry program - see http://www.governor.virginia.gov/News/viewRelease.cfm?id=375 *** Overview of options and three case studies for housing for reentering prisoners described in "Reentry Housing Options: The Policymaker's Guide" (http://reentrypolicy.org/jc_publications/reentry-housing-options) published by the Council of State Governments ***

BRIEF BRIEFS TO PUT ON YOUR CALENDAR...
*** Virginia Association of Housing Counselors Fall Conference "Fast Track to Successful Housing Counseling" 10/12-13 *** Homeward presents 4th Regional Best Practices Conference 10/20 *** Virginia Coalition to End Homelessness Summit on Family & Youth Homelessness 10/ 21, 9:00 am to 5:00 pm at Lewis Ginter Botanical Garden, Richmond. Contact vceh@vceh.org *** Save the Date! Federal Reserve of Richmond hosts "Community Land Trusts - a Shared Equity Model" on 10/26, 9-5 *** "Aging In Place - Creating Livable Communities," a Regional "Aging in Place Conference" on 10/29, 8 a.m. - 3 p.m. in Norfolk - call Senior Services at (757) 461-9481 *** Governor's Housing Conference, "Partnerships for the Future; Reinvesting in Communities" 11/ 17-19. *** Registration now open for HAC's 2010 National Rural Housing Conference "A Place to Live: Rural Housing in a Changing Landscape" 12/1--3 in Washington, DC. Earlybird rates end 11/1 - see www.ruralhome.org *** Cleveland Federal Reserve Bank hosting "Preserving Housing & Historic Buildings" Webinar 11/16, 10:00-11:30 am EST, featuring successful public/private partnerships that successfully redeveloped a school building into affordable housing and revitalized a vacant theater using tax credits ***

BRIEF BRIEFS TO LOOK INTO...
*** USDA offering grants to nonprofits & public agencies to develop & run community gardens - deadline 10/8 *** Federal Reserve Bank of Richmond "Share the Wealth - Financial Literacy" Video Contest - for undergrads at VCU, U of R, VSU & VUU - Registration deadline 10/15, submission deadline 11/10 *** USDA offering Community Food Project Funding to nonprofits to plan or implement Community Food Projects that improve health and/or nutrition. Due 11/27 *** USDA announces Rural Community Development Initiative (RCDI) for FY 2010 - applications due in state office by 12/22 ***