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      Loan Portfolio Restructure Amended Guidelines - Public Hearing in Sacramento


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      July 1, 2019

      Monday   1:00 PM

      2020 W. El Camino Ave., Room 402 A/B , *Webinar Option Available*
      Sacramento, California

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      EVENT DETAILS
      Loan Portfolio Restructure Amended Guidelines - Public Hearing

      The California Department of Housing and Community Development (Department) has released the Loan Portfolio Restructure (LPR) Amended Guidelines for a 21-day public comment period. These amendments generally apply the 2017 Uniform Multifamily Regulations (UMRs) that were adopted and will incorporate any future amendments to the UMRs into the LPR program guidelines. The LPR program provides restructuring of specific existing HCD loans, with the intent to preserve affordable housing units that would have been lost to termination of the regulatory provisions restricting rents and occupancy, to address physical deterioration of the property, and/or to improve project fiscal integrity. Please note, HCD intends to propose future amendments to the LPR program guidelines to reflect the enactment of AB 2562 in Fall 2019. AB 2562 authorizes the Department to restructure loans made under the Multifamily Housing Program and all other multifamily housing loans funded or monitored by the Department, specifically including the modification of interest rates. HCD is accepting public comments on the amended guidelines and will be holding a public hearing to give interested parties an opportunity to provide comments. Public comment deadline: July 12, 2019 at 5:00 p.m. Please submit your comments to HCDLPR@hcd.ca.gov and indicate ‘LPR Amended Guidelines Public Comment’ in the subject line. Join us for a public hearing to submit your comments on the amended guidelines: Monday, July 1, 20191:00 p.m. – 2:00 p.m.California Department of Housing & Community Development2020 W. El Camino Ave.Room 402 A/B Webinar Option Available: https://hcd.webex.com/hcd/j.php?MTID=md425512a69808a86dfc5ed8d70b8168f Join by phone1-877-873-8018 Call-in toll-free number (ATT Audio Conference)1-636-651-3182 Call-in number (ATT Audio Conference)903 509 6 Access Code Questions? Email: HCDLPR@hcd.ca.gov

      Categories: Politics & Activism

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