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On Wednesday, MHI joined its business coalition partners in sending a letter to the U.S. Department of Labor urging the agency to delay implementation of the overtime final rule pending judicial review. There are currently four legal challenges to the overtime rule, yet the July 1 effective date has not changed despite this legal uncertainty. The coalition noted that postponing the effective date would prevent a potential waste of time and resources trying to comply or implement a rule that could be invalidated by a court. A stay of the rule would protect workers whose terms and conditions of employment may be negatively impacted by the policy changes and reclassifications within the rule.

 

This is the second letter from the coalition that MHI has joined advocating for an extension on the deadline. The first was sent in May and highlighted the burdensome timelines the rule creates for businesses, particularly small businesses.

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November 23, 2024

Scott Turner Nominated as HUD Secretary

Late Friday, President-elect Trump announced Scott Turner as his pick for Secretary of the U.S. Department of Housing and Urban Development (HUD).

November 4, 2024

New HUD Deputy Assistant Secretary for Manufactured Housing Gives Manufactured Housing Equal Billing with Single Family and Multifamily at HUD

The U.S. Department of Housing and Urban Development (HUD) announced that Teresa Payne will be the new Deputy Assistant Secretary for Manufactured Housing, a position created after HUD made the Office of Manufactured Housing Programs (OMHP) an independent office reporting directly to the Assistant Secretary for Housing and Federal Housing Commissioner in June.

October 9, 2024

Top Economist & Top Demographer to Share Market Insight at MHI National Communities Council Fall Leadership Forum

Eric Finnigan, Vice President of Demographics Research at John Burns Research & Consulting and Douglas Holtz-Eakin, President of the American Action Forum will address MHI’s National Communities Council Fall Leadership Forum.

November 26, 2024

Texas Court Rules DOL Overtime Rule Invalid

The U.S. District Court for the Eastern District of Texas issued a ruling invalidating the Department of Labor’s (DOL) overtime final rule which was published in April 2024.

November 23, 2024

Scott Turner Nominated as HUD Secretary

Late Friday, President-elect Trump announced Scott Turner as his pick for Secretary of the U.S. Department of Housing and Urban Development (HUD).

November 20, 2024

HUD Releases FHA Management Report

Last Friday HUD released its annual Fiscal Year 2024 FHA Management Report, in conjunction with its annual Mutual Mortgage Insurance (MMIF) Report. The reports, a financial scorecard of FHA’s finances, showed continued financial strength for FHA single family loans. FHA’s net worth increased from $145.29 billion to $172.76 in the last year, and its capital ratio increased from 10/51% to 11.47% in the same period.