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Posted August 11th, 2016

Property Disposition Regulations Final Rule Published Today in the Federal Register

Today, the Federal Housing Administration (FHA) published a final rule in the Federal Register, Disposition of HUD-Acquired Single Family Properties; Updating HUD’s Single Family Property Disposition Regulations (Docket No. FR-5776-F-02). The final rule revises HUD’s property disposition regulations.

The final rule follows the October 2, 2015, publication of the proposed rule, during which time public comments were solicited. After consideration of comments received, FHA adopted the proposed rule with minor changes and issued its final rule today.

Specifically, this rule consolidates and reorganizes these regulations to better reflect industry standards, and allows HUD to conduct its Single Family Property Disposition Program more efficiently and effectively. Policy revisions and future effective dates will be incorporated into a future update of FHA’s Single Family Housing Policy Handbook 4000.1.