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Week of December 22, 2003

Front Page

President's Message

* 2003 – A Year to Remember

Housing and Economics

* Single-Family Home Starts Hit a Record High in November
* Following One of the Best Years Ever, Housing Poised for Solid 2004
* Builders Upbeat This Holiday Season
* Eye on the Economy

Multifamily

* FHA Multifamily Mortgage Insurance Programs Back in Business
* Index Finds Weak Rental, Strong Condo Markets

Environment

* U.S. Appeals Court Rules Against Regulation of Roadside Ditches
* Decision on Jurisdiction Over Isolated Wetlands Breeds Disappointment
* Court Rejects Endangered Species Permit Revocation Rule

State and Local

* New Jersey Builders Defang Governorís Anti-Housing Tool with Economic Impact Study
* Legislative Group Endorses Favorable ĎNotice and Opportunity to Repairí Amendments

Business Management

* Systematize the Selections Process to Avoid Hassles

Codes and Standards

* R-Values Excessive in Revised ASHRAE Energy Standard

Construction Safety

* OSHA Reports Increased Citations in Fiscal 2003
* Workers Should Take Precautions in Cold Weather

Seniors Housing

* Who Are Todayís Over-55 Buyers?

Legal Issues

* Ask the Lawyer Ė About Mechanicís Liens

Housing Finance

* Military Housing Privatization Projects Coming Up in Florida, Oklahoma

Small Builders and Remodelers

* Why Have Your Customers Come to You?

Education

* New NAHB Course Addresses Insurance Liability Concerns
* First Annual National Designation Month Debuts in February

Labor

* New Publication Provides Overview of Basic Construction Principles

Building Systems

* Building Systems Councils to Include Concrete Home Building

Building Products

* Local Brick Distributors Provide Home Buyers With More Choices

Housing Forum

* Mysterious Cracking

Builders' Show

* Show Activities Focus on Sales and Marketing Professionals

Building News Coast To Coast

Association News & Events

* Notice of Annual Meeting of the Members of the National Association of Home Builders
* Find the Right NAHB Staff Faster Than Ever Online
* Bob the Builder Teaches Children About Safety
* Environmental Coloring Book Goes Online
* Northern Kentucky Remodelers Provide Holiday Cheer
* Builders in Southeast Virginia Launch General Liability Company
* One Home at a Time, Mississippi Builder Putting Working Families on the Road to the American Dream
* Calendar of Events

NBN Back Issues

 

FHA Multifamily Mortgage Insurance Programs Back in Business

The Office of Management and Budget (OMB) certified to Congress on Friday evening, Dec. 19, that HUDís FHA programs are operating according to statutory requirements. OMBís actions will enable a significant number of multifamily affordable housing projects financed with low-income tax credits or tax-exempt bonds to proceed. Without OMB action, those projects could have been scuttled because they would have been unable to close loans.

The FHA program was temporarily in jeopardy when Congress, on Dec. 9, passed a provision requiring the certification notification. NAHB immediately worked with OMB, HUD and key members of Congress and their staff, with NAHB President Kent Conine contacting Acting HUD Secretary Alphonso Jackson and key OMB staff, to complete the process as quickly as possible.

In early December, the FHA multifamily mortgage insurance programs were shut down because HUD ran out of the authority it was granted in the continuing resolution to issue commitments for new loans.


Sponsored by: 2-10 Home Buyer's Warranty

Need to Buy General Liability Insurance?
Confused about Subcontractor Agreements?
Structural Defects, Can They Happen to You?
Building A Better Business Through Education?

Although Congress granted HUD additional authority in an amendment to the Dec. 9 continuing resolution, a provision in the amendment required OMB to certify that HUD did not exceed its authority to issue new HUD/FHA commitments under an earlier resolution.

There had been some confusion earlier about whether HUD had exceeded its authority to issue commitments to insure multifamily loans by $600-$700 million.


Multifamily Leadership Board Conference Call ó Jan. 8, 2004

Industry expert Ron Witten, president of Witten Advisors, Dallas, will brief the members and invited guests of the Multifamily Leadership Board on what to expect in the coming months in terms of trends and hot markets. For information on participation, contact Laura Zaner, 800-368-5242 x8563.

2004 NAHB Multifamily Pillars of the Industry Conference & Awards Gala

Donít miss the Multifamily Pillars of the Industry Conference and Awards Gala, the premier educational and networking event of the year for the multifamily industry, in Palm Springs, CA, March 28-30. Explore both the current and future state of the multifamily industry. Click here for more information.


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