The agency has released an “Assistance Animal Notice” designed to help all parties understand how to best comply with Fair Housing Act laws in this area.The press release says the new guidelines offer, “information for both housing providers and persons with disabilities regarding the reliability of documentation of a disability or disability-related need for an animal that is obtained from third parties, including internet-based services offering animal certifications or registrations for purchase.”A major detail of this press release for those who need assistance animals?
There is also basic information on the kind of training that is generally required for a service animal to carry that designation.Since housing issues don’t have one-size-fits-all solutions, additional clarity seemed necessary for Fair Housing Act policy.The issue of support animals might not seem to be related to the purchase of real estate with an FHA home loan, not at first.Farias says of this necessity, “a person with a disability that affects a major life activity might need an animal that provides support in ways that is not readily apparent to housing providers.”FHANewsblog.com is a digital resource that publishes timely news, information and advice concentrating on FHA, VA and USDA residential mortgage lending. View Live Recording from July 2020 of New HUD REAC Rules and Preparing for NSPIRE Full Day Workshop. HUD just announced that for the 4 th year in a row, they are again increasing their maximum lending limit.. Our goal is to educate our readers as to the many ways they can achieve home ownership. Key elements of HUD’s proposed new AFFH rule: HECM is an acronym for home equity conversion mortgage and is more commonly know as a reverse mortgage. The Trump administration is dismantling rules that required local governments to demonstrate progress against housing discrimination in exchange for grants. There is also basic information on the kind of training that is generally required for a service animal to carry that designation. Government Increases 2020 HECM Limits! We encourage users to contact their lawyers, credit counselors, lenders, and housing counselors. Trump threatens to scrap ‘devastating’ fair housing rule.
The CMHC has announced new mortgage rules that will take effect on July 1, 2020. The opinions presented on FHAnewsblog.com should not be construed as representing the official opinions of any government agency. You agree that you are solely responsible for your own financial decisions, and release FHAnewsblog.com from any liability whatsoever regarding our Service or any causes of action arising from or relating to our Service.The HUD announcement discusses a need for reasonable accommodation in housing for those who need service animals or emotional support animals. A higher risk borrower is a homebuyer with less than 20% home downpayment. White House. Starting January 1, 2020, the 2020 HECM lending limit will be $756,500, up from $726,525.. FHANewsblog.com is a private company, not affiliated with any government agency, is not a lender and does not offer to make loans. HUD Reverse Mortgage, aka FHA HECM or HUD HECM HUD Reverse Mortgage 2020. Learn about current rule changes and coming reforms. Now, the rules require everyone to be inspection ready everyday.A Full Day Workshop on New REAC Updates, HUD’s NSPIRE initiative, & Preparing for REAC Inspections (Available Live or by Livestream)A Full Day Workshop on REAC Updates and New Rules; HUD’s NSPIRE initiative, & How to Best Prepare for REAC InspectionsThe New Normal for Recertifications with Amanda Lee Gross | HOW COVID-19 HAS CHANGED INCOME CERTIFICATIONS FOR HUD, USDA/RD, AND LIHTCCopyright © 2020 US Housing Consultants, LLC. Additionally, we’ll discuss new HUD Rules and Regulations on scheduling and follow-up on HUD REAC Inspections. The information should not be seen as financial advice and you should consult with a licensed mortgage professional , prior to taking any action. The new reality is that owners and agents can no longer wait until the last minute to prepare.
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