80 FR 72106 - Annual Indexing of Basic Statutory Mortgage Limits for Multifamily Housing Programs
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Federal Register Volume 80, Issue 222 (November 18, 2015)
Federal Register Volume 80, Issue 222 (November 18, 2015)
| Page Range | 72106-72107 | |
| FR Document | 2015-29469 |
[Federal Register Volume 80, Number 222 (Wednesday, November 18, 2015)] [Notices] [Pages 72106-72107] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-29469] ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-5886-N-01] Annual Indexing of Basic Statutory Mortgage Limits for Multifamily Housing Programs AGENCY: Office of the Assistant Secretary for Housing--Federal Housing Commissioner, HUD. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: In accordance with Section 206A of the National Housing Act, HUD has adjusted the Basic Statutory Mortgage Limits for Multifamily Housing Programs for Calendar Year 2015. DATES: Effective date: January 1, 2015. [[Page 72107]] FOR FURTHER INFORMATION CONTACT: Daniel J. Sullivan, Deputy Director, Office of Multifamily Development, Department of Housing and Urban Development, 451 Seventh Street SW., Washington, DC 20410-8000, telephone (202) 402-6130 (this is not a toll-free number). Hearing or speech-impaired individuals may access this number through TTY by calling the toll-free Federal Information Relay Service at (800) 877- 8339. SUPPLEMENTARY INFORMATION: The FHA Down Payment Simplification Act of 2002 (Pub. L. 107-326, approved December 4, 2002) amended the National Housing Act by adding a new Section 206A (12 U.S.C. 1712a). Under Section 206A, the following are affected: I. Section 207(c)(3)(A) (12 U.S.C. 1713(c)(3)(A)); II. Section 213(b)(2)(A) (12 U.S.C. 1715e (b)(2)(A)); III. Section 220(d)(3)(B)(iii)(I) (12 U.S.C. 1715k (d)(3)(B)(iii)(I)); IV. Section 221(d)(4)(ii)(I) (12 U.S.C. 1715l(d)(4)(ii)(I)); V. Section 231(c)(2)(A) (12 U.S.C. 1715v(c)(2)(A)); and VI. Section 234(e)(3)(A) (12 U.S.C. 1715y(e)(3)(A)). The Dollar Amounts in these sections are the base per unit statutory limits for FHA's multifamily mortgage programs collectively referred to as the `Dollar Amounts,' they are adjusted annually (commencing in 2004) on the effective date of the Consumer Financial Protection Bureau's adjustment of the $400 figure in the Home Ownership and Equity Protection Act of 1994 (HOEPA) (Pub. L. 103-325, approved September 23, 1994). The adjustment of the Dollar Amounts shall be calculated using the percentage change in the Consumer Price Index for All Urban Consumers (CPI-U) as applied by the Bureau of Consumer Financial Protection for purposes of the above-described HOEPA adjustment. HUD has been notified of the percentage change in the CPI-U used for the HOEPA adjustment and the effective date of the HOEPA adjustment. The percentage change in the CPI-U is 2.0% and the effective date of the HOEPA adjustment is January 1, 2014. The Dollar Amounts have been adjusted correspondingly and have an effective date of January 1, 2015. The adjusted Dollar Amounts for Calendar Year 2015 are shown below: BASIC STATUTORY MORTGAGE LIMITS FOR CALENDAR YEAR 2015 Multifamily Loan Program [square] Section 207--Multifamily Housing [square] Section 207 pursuant to Section 223(f)--Purchase or Refinance Housing [square] Section 220--Housing in Urban Renewal Areas ------------------------------------------------------------------------ Bedrooms Non-Elevator Elevator ------------------------------------------------------------------------ 0....................................... $50,164 $57,886 1....................................... $55,569 $64,832 2....................................... $66,376 $79,497 3....................................... $81,813 $99,566 4+...................................... $92,622 $112,581 ------------------------------------------------------------------------ [square][square] Section 213--Cooperatives ------------------------------------------------------------------------ Bedrooms Non-Elevator Elevator ------------------------------------------------------------------------ 0....................................... $54,364 $57,886 1....................................... $62,683 $65,583 2....................................... $75,598 $79,749 3....................................... $96,766 $103,170 4+...................................... $107,803 $113,251 ------------------------------------------------------------------------ [square][square] Section 234--Condominium Housing ------------------------------------------------------------------------ Bedrooms Non-Elevator Elevator ------------------------------------------------------------------------ 0....................................... $55,474 $58,378 1....................................... $63,962 $66,923 2....................................... $77,140 $81,377 3....................................... $98,742 $105,276 4+...................................... $110,002 $115,560 ------------------------------------------------------------------------ [square][square] Section 221(d)(4)--Moderate Income Housing ------------------------------------------------------------------------ Bedrooms Non-Elevator Elevator ------------------------------------------------------------------------ 0....................................... $49,924 $53,928 1....................................... $56,671 $61,822 2....................................... $68,501 $75,176 3....................................... $85,980 $97,251 4+...................................... $97,156 $106,754 ------------------------------------------------------------------------ [square][square] Section 231--Housing for the Elderly ------------------------------------------------------------------------ Bedrooms Non-Elevator Elevator ------------------------------------------------------------------------ 0....................................... $47,465 $53,928 1....................................... $53,062 $61,822 2....................................... $63,364 $75,176 3....................................... $76,255 $97,251 4+...................................... $89,650 $106,754 ------------------------------------------------------------------------ [square][square] Section 207--Manufactured Home Parks per Space-- $23,030 Dated: November 9, 2015. Edward L. Golding, Principal Deputy Assistant Secretary for Housing. [FR Doc. 2015-29469 Filed 11-17-15; 8:45 am] BILLING CODE 4210-67-P
![72106 Federal Register / Vol. 80, No. 222 / Wednesday, November 18, 2015 / Notices
ACTION: Notice. FOR FURTHER INFORMATION CONTACT: (ICCI) is a collaborative effort among
Thann Young, Office of Rural Housing three federal agencies—the Department
SUMMARY: HUD is seeking approval from and Economic Development, of Housing and Urban Development
the Office of Management and Budget Department of Housing and Urban (HUD), the Department of the
(OMB) for the information collection Development, 451 7th Street SW., Room Treasury—Community Development
described below. In accordance with the 7240, Washington, DC 20410; email Financial Institutions Fund (CDFI
Paperwork Reduction Act, HUD is Thann Young at Thann.Young@hud.gov Fund), and the Department of
requesting comment from all interested or telephone 202–708–2290. This is not Agriculture—Rural Development
parties on the proposed collection of a toll-free number. Persons with hearing (USDA–RD). The ICCI’s goal is to
information. The purpose of this notice or speech impairments may access this increase access to capital for business
is to allow for 60 days of public number through TTY by calling the toll- lending and economic development and
comment. free Federal Relay Service at (800) 877– entrepreneurship for Federally
DATES: Comments Due Date: January 19, 8339. Copies of available documents recognized Indian tribes.
2016. submitted to OMB may be obtained Federally recognized Indian tribe
from Ms. Pollard. means any tribal entity eligible to apply
ADDRESSES: Interested persons are
SUPPLEMENTARY INFORMATION: This for funding and services from the
invited to submit comments regarding
notice informs the public that HUD is Bureau of Indian Affairs by virtue of its
this proposal. Comments should refer to
seeking approval from OMB for the status as an Indian tribe. The list of
the proposal by name and/or OMB
information collection described in Federally recognized Indian tribes can
Control Number and should be sent to:
Section A. be found in the notice published by the
Colette Pollard, Reports Management
Department of the Interior on January
Officer, QDAM, Department of Housing A. Overview of Information Collection
14, 2015 (Federal Register/Vol. 80, No.
and Urban Development, 451 7th Street Title of Information Collection: Indian 9/Wednesday, January 14, 2015/
SW., Room 4176, Washington, DC Community Capital Initiative. Notices).
20410–5000; telephone 202–402–3400 OMB Approval Number: 2506—New.
(this is not a toll-free number) or email Respondents (i.e. affected public):
Type of Request: New Collection. Public.
at Colette.Pollard@hud.gov for a copy of Form Numbers: SF 424; HUD 424CB;
the proposed forms or other available HUD 424–CBW; SF–LLL; HUD 2880; Estimated Number of Respondents:
information. Persons with hearing or HUD 2990; HUD 2991; HUD 2993; HUD 566.
speech impairments may access this 2994A; HUD 27061; and HUD 27300. Estimated Number of Responses: 566.
number through TTY by calling the toll- Description of the need for the Frequency of Response: 1.
free Federal Relay Service at (800) 877– information and proposed use: The Average Hours per Response: 7211.
8339. Indian Community Capital Initiative Total Estimated Burdens:
Annual Total Burden per Total annual Burden cost
Respondents responses responses response hours per instrument
HUD–424CB ............................................ 566 1 566 3.12 1,766 44,150
HUD–424CBW ......................................... 566 1 566 3.12 1,766 44,150
HUD–2880 ............................................... 566 1 566 2.0 1,132 28,300
HUD–2990 ............................................... 566 1 566 0 0 0
HUD–2991 ............................................... 566 1 566 0 0 0
HUD–2993 ............................................... 566 1 566 0 0 0
HUD–2994A ............................................. 566 1 566 .5 283 7,075
HUD–27061 ............................................. 566 1 566 1.0 566 14,150
HUD–27300 ............................................. 566 1 566 3.0 1,698 42,450
Total .................................................. 5,094 ........................ 5,094 ........................ 7,211 180,275
B. Solicitation of Public Comment the use of appropriate automated DEPARTMENT OF HOUSING AND
collection techniques or other forms of URBAN DEVELOPMENT
This notice is soliciting comments
from members of the public and affected information technology, e.g., permitting
parties concerning the collection of electronic submission of responses. [Docket No. FR–5886–N–01]
information described in Section A on HUD encourages interested parties to Annual Indexing of Basic Statutory
the following: submit comment in response to these Mortgage Limits for Multifamily
(1) Whether the proposed collection questions. Housing Programs
of information is necessary for the Authority: Section 3507 of the Paperwork
proper performance of the functions of Reduction Act of 1995, 44 U.S.C. Chapter 35. AGENCY: Office of the Assistant
the agency, including whether the Secretary for Housing—Federal Housing
information will have practical utility; Dated: November 4, 2015. Commissioner, HUD.
(2) The accuracy of the agency’s Harriet Tregoning, ACTION: Notice.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
estimate of the burden of the proposed Principal Deputy Assistant Secretary for
collection of information; Community Planning and Development. SUMMARY: In accordance with Section
(3) Ways to enhance the quality, [FR Doc. 2015–29461 Filed 11–17–15; 8:45 am] 206A of the National Housing Act, HUD
utility, and clarity of the information to BILLING CODE 4210–67–P
has adjusted the Basic Statutory
be collected; and Mortgage Limits for Multifamily
(4) Ways to minimize the burden of Housing Programs for Calendar Year
the collection of information on those 2015.
who are to respond; including through DATES: Effective date: January 1, 2015.
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![Federal Register / Vol. 80, No. 222 / Wednesday, November 18, 2015 / Notices 72107
FOR FURTHER INFORMATION CONTACT: BASIC STATUTORY MORTGAGE DEPARTMENT OF THE INTERIOR
Daniel J. Sullivan, Deputy Director, LIMITS FOR CALENDAR YEAR 2015
Office of Multifamily Development, Fish and Wildlife Service
Multifamily Loan Program
Department of Housing and Urban [FWS–R8–FHC–2015–N217:
Development, 451 Seventh Street SW., b Section 207—Multifamily Housing FXFR1334088TWG0W4–123–FF08EACT00]
Washington, DC 20410–8000, telephone b Section 207 pursuant to Section
(202) 402–6130 (this is not a toll-free 223(f)—Purchase or Refinance Housing Trinity River Adaptive Management
number). Hearing or speech-impaired Working Group; Public Meeting
individuals may access this number b Section 220—Housing in Urban
Renewal Areas AGENCY: Fish and Wildlife Service,
through TTY by calling the toll-free Interior.
Federal Information Relay Service at Bedrooms Non-Elevator Elevator ACTION: Notice.
(800) 877–8339.
0 ................ $50,164 $57,886 SUMMARY: We, the U.S. Fish and
SUPPLEMENTARY INFORMATION: The FHA
1 ................ $55,569 $64,832 Wildlife Service, announce a public
Down Payment Simplification Act of 2 ................ $66,376 $79,497 meeting of the Trinity River Adaptive
2002 (Pub. L. 107–326, approved 3 ................ $81,813 $99,566 Management Working Group (TAMWG).
December 4, 2002) amended the 4+ .............. $92,622 $112,581 The TAMWG is a Federal advisory
National Housing Act by adding a new committee that affords stakeholders the
Section 206A (12 U.S.C. 1712a). Under bb Section 213—Cooperatives opportunity to give policy, management,
Section 206A, the following are affected: and technical input concerning Trinity
I. Section 207(c)(3)(A) (12 U.S.C. Bedrooms Non-Elevator Elevator River (California) restoration efforts to
1713(c)(3)(A)); the Trinity Management Council (TMC).
0 ................ $54,364 $57,886
II. Section 213(b)(2)(A) (12 U.S.C. 1 ................ $62,683 $65,583
The TMC interprets and recommends
2 ................ $75,598 $79,749 policy, coordinates and reviews
1715e (b)(2)(A));
3 ................ $96,766 $103,170 management actions, and provides
III. Section 220(d)(3)(B)(iii)(I) (12 4+ .............. $107,803 $113,251 organizational budget oversight.
U.S.C. 1715k (d)(3)(B)(iii)(I)); DATES: Public meeting: TAMWG will
IV. Section 221(d)(4)(ii)(I) (12 U.S.C. bb Section 234—Condominium meet from 9:30 a.m. to 4:30 p.m. Pacific
1715l(d)(4)(ii)(I)); Housing Time on Thursday, December 10, 2015.
V. Section 231(c)(2)(A) (12 U.S.C. Deadlines: For deadlines on submitting
1715v(c)(2)(A)); and Bedrooms Non-Elevator Elevator written material, please see ‘‘Public
Input’’ under SUPPLEMENTARY
VI. Section 234(e)(3)(A) (12 U.S.C. 0 ................ $55,474 $58,378 INFORMATION.
1715y(e)(3)(A)). 1 ................ $63,962 $66,923
2 ................ $77,140 $81,377 ADDRESSES: The meeting will be held at
The Dollar Amounts in these sections the Trinity River Restoration Program
3 ................ $98,742 $105,276
are the base per unit statutory limits for 4+ .............. $110,002 $115,560 Office, 1313 South Main Street,
FHA’s multifamily mortgage programs Weaverville, CA 96093.
collectively referred to as the ‘Dollar bb Section 221(d)(4)—Moderate FOR FURTHER INFORMATION CONTACT:
Amounts,’ they are adjusted annually Income Housing Joseph C. Polos, by mail at U.S. Fish and
(commencing in 2004) on the effective Wildlife Service, 1655 Heindon Road,
date of the Consumer Financial Bedrooms Non-Elevator Elevator Arcata, CA 95521; by telephone at 707–
Protection Bureau’s adjustment of the 822–7201 or by email at joe_polos@
$400 figure in the Home Ownership and 0 ................ $49,924 $53,928 fws.gov or Elizabeth W. Hadley, Redding
Equity Protection Act of 1994 (HOEPA) 1 ................ $56,671 $61,822
Electric Utility, by mail at 777 Cypress
2 ................ $68,501 $75,176
(Pub. L. 103–325, approved September 3 ................ $85,980 $97,251 Avenue, Redding, CA 96001; by
23, 1994). The adjustment of the Dollar 4+ .............. $97,156 $106,754 telephone at 530–339–7308 or by email
Amounts shall be calculated using the at ehadley@reupower.com. Individuals
percentage change in the Consumer bb Section 231—Housing for the with a disability may request an
Price Index for All Urban Consumers Elderly accommodation by sending an email to
(CPI–U) as applied by the Bureau of either point of contact.
Consumer Financial Protection for Bedrooms Non-Elevator Elevator SUPPLEMENTARY INFORMATION: In
purposes of the above-described HOEPA accordance with the requirements of the
adjustment. 0 ................ $47,465 $53,928 Federal Advisory Committee Act, 5
1 ................ $53,062 $61,822 U.S.C. App., we announce that the
HUD has been notified of the 2 ................ $63,364 $75,176
percentage change in the CPI–U used for Trinity River Adaptive Management
3 ................ $76,255 $97,251
Working Group will hold a meeting.
the HOEPA adjustment and the effective 4+ .............. $89,650 $106,754
date of the HOEPA adjustment. The Background
percentage change in the CPI–U is 2.0% bb Section 207—Manufactured Home The TAMWG affords stakeholders the
asabaliauskas on DSK5VPTVN1PROD with NOTICES
and the effective date of the HOEPA Parks per Space—$23,030 opportunity to give policy, management,
adjustment is January 1, 2014. The and technical input concerning Trinity
Dollar Amounts have been adjusted Dated: November 9, 2015.
River (California) restoration efforts to
correspondingly and have an effective Edward L. Golding,
the TMC. The TMC interprets and
date of January 1, 2015. Principal Deputy Assistant Secretary for recommends policy, coordinates and
Housing.
The adjusted Dollar Amounts for reviews management actions, and
[FR Doc. 2015–29469 Filed 11–17–15; 8:45 am] provides organizational budget
Calendar Year 2015 are shown below:
BILLING CODE 4210–67–P oversight.
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Document Created: 2018-03-01 11:20:11
Document Modified: 2018-03-01 11:20:11
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice. | |
| Dates | Effective date: January 1, 2015. | |
| Contact | Daniel J. Sullivan, Deputy Director, Office of Multifamily Development, Department of Housing and Urban Development, 451 Seventh Street SW., Washington, DC 20410-8000, telephone (202) 402-6130 (this is not a toll-free number). Hearing or speech-impaired individuals may access this number through TTY by calling the toll-free Federal Information Relay Service at (800) 877- 8339. | |
| FR Citation | 80 FR 72106 |
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