Today’s housing news centers on a fair housing coalition’s pushback against a HUD proposal, a new AI governance certification in the mortgage industry, and several bills and rules that would change tax, bankruptcy and air quality treatment for homeowners, families and builders.
Industry and advocacy reports
- 96 Groups Urge HUD to Withdraw Proposal Ending Disparate Impact Rules Under Title VI: NFHA, joined by 95 other organizations and a former HUD official, filed a comment urging HUD to withdraw its proposed rule removing disparate impact protections from its Title VI regulations. According to NFHA, those protections help ensure equal opportunity in programs funded by HUD.
- MISMO Names First Advisory Partners for Its Responsible AI Framework in Mortgage: MBA reports that MISMO has announced the first organizations to earn its FRAME Advisory Partner Certification. The certification recognizes firms able to help lenders and servicers put the Framework for Responsible AI in the Mortgage Ecosystem into practice.
Bills and tax proposals
- Bipartisan Bill Would Create Tax Credit for Home Renovations for Multigenerational Living: In Washington state, Rep. Marilyn Strickland and Rep. David P. Joyce introduced the Multigenerational HOMES Act. It would give homeowners a tax credit for renovating their homes to accommodate an elderly family member, a family member with a disability, or a live-in caregiver.
- Bipartisan Bill Would Let Innocent Partners Discharge Fraud-Related Debt in Bankruptcy: In California, Rep. Lou Correa and Rep. Laurel Lee introduced the Bankruptcy Relief for Innocent Partners Act. It would bar only the person who committed fraud from discharging the resulting debt, while an innocent partner would get the same fresh start as any other honest filer.
Regulation and local markets
- EPA Plans Maricopa County Rule Allowing Emission Offsets From Nonroad Engine Cuts: In Arizona, the EPA announced a soon-to-be-finalized air quality rule for Maricopa County. Under Air Quality Rule 204, industries could use emission reduction credits generated by voluntary cuts in nonroad engine emissions.
Several of today’s items are proposals or pending rules that have not yet been finalized.
