82 FR 8201 - Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Federal Register Volume 82, Issue 14 (January 24, 2017)
Federal Register Volume 82, Issue 14 (January 24, 2017)
| Page Range | 8201-8202 | |
| FR Document | 2017-01547 |
[Federal Register Volume 82, Number 14 (Tuesday, January 24, 2017)] [Notices] [Pages 8201-8202] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-01547] ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-6015-N-01] Mortgage and Loan Insurance Programs Under the National Housing Act--Debenture Interest Rates AGENCY: Office of the Assistant Secretary for Housing--Federal Housing Commissioner, HUD. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: This Notice announces changes in the interest rates to be paid on debentures issued with respect to a loan or mortgage insured by the Federal Housing Administration under the provisions of the National Housing Act (the Act). The interest rate for debentures issued under Section 221(g)(4) of the Act during the 6-month period beginning January 1, 2017, is 2\1/8\ percent. The interest rate for debentures issued under any other provision of the Act is the rate in effect on the date that the commitment to insure the loan or mortgage was issued, or the date that the loan or mortgage was endorsed (or initially endorsed if there are two or more endorsements) for insurance, whichever rate is higher. The interest rate for debentures issued under these other provisions with respect to a loan or mortgage committed or endorsed during the 6-month period beginning January 1, 2017, is 2\3/4\ percent. However, as a result of an amendment to Section 224 of the Act, if an insurance claim relating to a mortgage insured under Sections 203 or 234 of the Act and endorsed for insurance after January 23, 2004, is paid in cash, the debenture interest rate for purposes of calculating a claim shall be the monthly average yield, for the month in which the default on the mortgage occurred, on United States Treasury Securities adjusted to a constant maturity of 10 years. FOR FURTHER INFORMATION CONTACT: Yong Sun, Department of Housing and Urban Development, 451 Seventh Street SW., Room 5148, Washington, DC 20410-8000; telephone (202) 402-4778 (this is not a toll-free number). Individuals with speech or hearing impairments may access this number through TTY by calling the toll-free Federal Information Relay Service at (800) 877-8339. SUPPLEMENTARY INFORMATION: Section 224 of the National Housing Act (12 U.S.C. 1715o) provides that debentures issued under the Act with respect to an insured loan or mortgage (except for debentures issued pursuant to Section 221(g)(4) of the Act) will bear interest at the rate in effect on the date the commitment to insure the loan or mortgage was issued, or the date the loan or mortgage was endorsed (or initially endorsed if there are two or more endorsements) for insurance, whichever rate is higher. This provision is implemented in HUD's regulations at 24 CFR 203.405, 203.479, 207.259(e)(6), and 220.830. These regulatory provisions state that the applicable rates of interest will be published twice each year as a notice in the Federal Register. Section 224 further provides that the interest rate on these debentures will be set from time to time by the Secretary of HUD, with the approval of the Secretary of the Treasury, in an amount not in excess of the annual interest rate determined by the Secretary of the Treasury pursuant to a statutory formula based on the average yield of all outstanding marketable Treasury obligations of maturities of 15 or more years. The Secretary of the Treasury (1) has determined, in accordance with the provisions of Section 224, that the statutory maximum interest rate for the period beginning January 1, 2017, is 2\3/4\ percent; and (2) has approved the establishment of the debenture interest rate by the Secretary of HUD at 2\3/4\ percent for the 6-month period beginning January 1, 2017. This interest rate will be the rate borne by debentures issued with respect to any insured loan or mortgage (except for debentures issued pursuant to Section 221(g)(4)) with insurance commitment or endorsement date (as applicable) within the first 6 months of 2017. For convenience of reference, HUD is publishing the following chart of debenture interest rates applicable to mortgages committed or endorsed since January 1, 1980: ------------------------------------------------------------------------ Effective interest rate On or after Prior to ------------------------------------------------------------------------ 9\1/2\......................... Jan. 1, 1980....... July 1, 1980. 9\7/8\......................... July 1, 1980....... Jan. 1, 1981. 11\3/4\........................ Jan. 1, 1981....... July 1, 1981. 12\7/8\........................ July 1, 1981....... Jan. 1, 1982. 12\3/4\........................ Jan. 1, 1982....... Jan. 1, 1983. 10\1/4\........................ Jan. 1, 1983....... July 1, 1983. 10\3/8\........................ July 1, 1983....... Jan. 1, 1984. 11\1/2\........................ Jan. 1, 1984....... July 1, 1984. 13\3/8\........................ July 1, 1984....... Jan. 1, 1985. 11\5/8\........................ Jan. 1, 1985....... July 1, 1985. 11\1/8\........................ July 1, 1985....... Jan. 1, 1986. 10\1/4\........................ Jan. 1, 1986....... July 1, 1986. 8\1/4\......................... July 1, 1986....... Jan. 1. 1987. 8.............................. Jan. 1, 1987....... July 1, 1987. 9.............................. July 1, 1987....... Jan. 1, 1988. 9\1/8\......................... Jan. 1, 1988....... July 1, 1988. 9\3/8\......................... July 1, 1988....... Jan. 1, 1989. 9\1/4\......................... Jan. 1, 1989....... July 1, 1989. 9.............................. July 1, 1989....... Jan. 1, 1990. 8\1/8\......................... Jan. 1, 1990....... July 1, 1990. 9.............................. July 1, 1990....... Jan. 1, 1991. 8\3/4\......................... Jan. 1, 1991....... July 1, 1991. 8\1/2\......................... July 1, 1991....... Jan. 1, 1992. 8.............................. Jan. 1, 1992....... July 1, 1992. 8.............................. July 1, 1992....... Jan. 1, 1993. 7\3/4\......................... Jan. 1, 1993....... July 1, 1993. 7.............................. July 1, 1993....... Jan. 1, 1994. 6\5/8\......................... Jan. 1, 1994....... July 1, 1994. 7\3/4\......................... July 1, 1994....... Jan. 1, 1995. 8\3/8\......................... Jan. 1, 1995....... July 1, 1995. 7\1/4\......................... July 1, 1995....... Jan. 1, 1996. 6\1/2\......................... Jan. 1, 1996....... July 1, 1996. 7\1/4\......................... July 1, 1996....... Jan. 1, 1997. 6\3/4\......................... Jan. 1, 1997....... July 1, 1997. 7\1/8\......................... July 1, 1997....... Jan. 1, 1998. 6\3/8\......................... Jan. 1, 1998....... July 1, 1998. 6\1/8\......................... July 1, 1998....... Jan. 1, 1999. 5\1/2\......................... Jan. 1, 1999....... July 1, 1999. 6\1/8\......................... July 1, 1999....... Jan. 1, 2000. 6\1/2\......................... Jan. 1, 2000....... July 1, 2000. 6\1/2\......................... July 1, 2000....... Jan. 1, 2001. 6.............................. Jan. 1, 2001....... July 1, 2001. 5\7/8\......................... July 1, 2001....... Jan. 1, 2002. 5\1/4\......................... Jan. 1, 2002....... July 1, 2002. 5\3/4\......................... July 1, 2002....... Jan. 1, 2003. 5.............................. Jan. 1, 2003....... July 1, 2003. 4\1/2\......................... July 1, 2003....... Jan. 1, 2004. 5\1/8\......................... Jan. 1, 2004....... July 1, 2004. 5\1/2\......................... July 1, 2004....... Jan. 1, 2005. 4\7/8\......................... Jan. 1, 2005....... July 1, 2005. 4\1/2\......................... July 1, 2005....... Jan. 1, 2006. 4\7/8\......................... Jan. 1, 2006....... July 1, 2006. 5\3/8\......................... July 1, 2006....... Jan. 1, 2007. 4\3/4\......................... Jan. 1, 2007....... July 1, 2007. 5.............................. July 1, 2007....... Jan. 1, 2008. 4\1/2\......................... Jan. 1, 2008....... July 1, 2008. [[Page 8202]] 4\5/8\......................... July 1, 2008....... Jan. 1, 2009. 4\1/8\......................... Jan. 1, 2009....... July 1, 2009. 4\1/8\......................... July 1, 2009....... Jan. 1, 2010. 4\1/4\......................... Jan. 1, 2010....... July 1, 2010. 4\1/8\......................... July 1, 2010....... Jan. 1, 2011. 3\7/8\......................... Jan. 1, 2011....... July 1, 2011. 4\1/8\......................... July 1, 2011....... Jan. 1, 2012. 2\7/8\......................... Jan. 1, 2012....... July 1, 2012. 2\3/4\......................... July 1, 2012....... Jan. 1, 2013. 2\1/2\......................... Jan. 1, 2013....... July 1, 2013. 2\7/8\......................... July 1, 2013....... Jan. 1, 2014. 3\5/8\......................... Jan. 1, 2014....... July 1, 2014. 3\1/4\......................... July 1, 2014....... Jan. 1, 2015. 3.............................. Jan. 1, 2015....... July 1, 2015. 2\7/8\......................... July 1, 2015....... Jan. 1, 2016. 2\7/8\......................... Jan. 1, 2016....... July 1, 2016. 2\1/2\......................... July 1, 2016....... Jan. 1, 2017. 2\3/4\......................... Jan. 1, 2017....... July 1, 2017. ------------------------------------------------------------------------ Section 215 of Division G, Title II of Public Law 108-199, enacted January 23, 2004 (HUD's 2004 Appropriations Act) amended Section 224 of the Act, to change the debenture interest rate for purposes of calculating certain insurance claim payments made in cash. Therefore, for all claims paid in cash on mortgages insured under Section 203 or 234 of the National Housing Act and endorsed for insurance after January 23, 2004, the debenture interest rate will be the monthly average yield, for the month in which the default on the mortgage occurred, on United States Treasury Securities adjusted to a constant maturity of 10 years, as found in Federal Reserve Statistical Release H-15. The Federal Housing Administration has codified this provision in HUD regulations at 24 CFR 203.405(b) and 24 CFR 203.479(b). Section 221(g)(4) of the Act provides that debentures issued pursuant to that paragraph (with respect to the assignment of an insured mortgage to the Secretary) will bear interest at the ``going Federal rate'' in effect at the time the debentures are issued. The term ``going Federal rate'' is defined to mean the interest rate that the Secretary of the Treasury determines, pursuant to a statutory formula based on the average yield on all outstanding marketable Treasury obligations of 8 to 12 year maturities, for the 6-month periods of January through June and July through December of each year. Section 221(g)(4) is implemented in the HUD regulations at 24 CFR 221.255 and 24 CFR 221.790. The Secretary of the Treasury has determined that the interest rate to be borne by debentures issued pursuant to Section 221(g)(4) during the 6-month period beginning January 1, 2017, is 2\1/8\ percent. The subject matter of this Notice falls within the categorical exemption from HUD's environmental clearance procedures set forth in 24 CFR 50.19(c)(6). For that reason, no environmental finding has been prepared for this notice. (Authority: Sections 211, 221, 224, National Housing Act, 12 U.S.C. 1715b, 1715l, 1715o; Section 7(d), Department of HUD Act, 42 U.S.C. 3535(d).) Dated: January 17, 2017. Edward L. Golding, Principal Deputy Assistant Secretary for - Housing. [FR Doc. 2017-01547 Filed 1-23-17; 8:45 am] BILLING CODE 4210-67-P
![Federal Register / Vol. 82, No. 14 / Tuesday, January 24, 2017 / Notices 8201
parties concerning the collection of rate for debentures issued under these rate by the Secretary of HUD at 23⁄4
information described in Section A on other provisions with respect to a loan percent for the 6-month period
the following: or mortgage committed or endorsed beginning January 1, 2017. This interest
(1) Whether the proposed collection during the 6-month period beginning rate will be the rate borne by debentures
of information is necessary for the January 1, 2017, is 23⁄4 percent. issued with respect to any insured loan
proper performance of the functions of However, as a result of an amendment or mortgage (except for debentures
the agency, including whether the to Section 224 of the Act, if an issued pursuant to Section 221(g)(4))
information will have practical utility; insurance claim relating to a mortgage with insurance commitment or
(2) The accuracy of the agency’s insured under Sections 203 or 234 of the endorsement date (as applicable) within
estimate of the burden of the proposed Act and endorsed for insurance after the first 6 months of 2017.
collection of information; (3) Ways to January 23, 2004, is paid in cash, the For convenience of reference, HUD is
enhance the quality, utility, and clarity debenture interest rate for purposes of publishing the following chart of
of the information to be collected; and calculating a claim shall be the monthly debenture interest rates applicable to
(4) Ways to minimize the burden of the average yield, for the month in which mortgages committed or endorsed since
collection of information on those who the default on the mortgage occurred, on January 1, 1980:
are to respond; including through the United States Treasury Securities
use of appropriate automated collection adjusted to a constant maturity of 10 Effective On or after Prior to
techniques or other forms of information years. interest rate
technology, e.g., permitting electronic
FOR FURTHER INFORMATION CONTACT: 91⁄2 ............... Jan. 1, 1980 July 1, 1980.
submission of responses.
HUD encourages interested parties to Yong Sun, Department of Housing and 97⁄8 ............... July 1, 1980 Jan. 1, 1981.
Urban Development, 451 Seventh Street 113⁄4 ............. Jan. 1, 1981 July 1, 1981.
submit comment in response to these 127⁄8 ............. July 1, 1981 Jan. 1, 1982.
questions. SW., Room 5148, Washington, DC
123⁄4 ............. Jan. 1, 1982 Jan. 1, 1983.
20410–8000; telephone (202) 402–4778
101⁄4 ............. Jan. 1, 1983 July 1, 1983.
C. Authority (this is not a toll-free number). 103⁄8 ............. July 1, 1983 Jan. 1, 1984.
Section 3507 of the Paperwork Individuals with speech or hearing 111⁄2 ............. Jan. 1, 1984 July 1, 1984.
Reduction Act of 1995, 44 U.S.C. impairments may access this number 133⁄8 ............. July 1, 1984 Jan. 1, 1985.
Chapter 35. through TTY by calling the toll-free 115⁄8 ............. Jan. 1, 1985 July 1, 1985.
Federal Information Relay Service at 111⁄8 ............. July 1, 1985 Jan. 1, 1986.
Dated: January 17, 2017. 101⁄4 ............. Jan. 1, 1986 July 1, 1986.
(800) 877–8339.
Janet M. Golrick, 81⁄4 ............... July 1, 1986 Jan. 1. 1987.
SUPPLEMENTARY INFORMATION: Section
Associate General Deputy Assistant Secretary 8 ................... Jan. 1, 1987 July 1, 1987.
224 of the National Housing Act (12 9 ................... July 1, 1987 Jan. 1, 1988.
for Housing Associate Deputy Federal
Housing Commissioner. U.S.C. 1715o) provides that debentures 91⁄8 ............... Jan. 1, 1988 July 1, 1988.
issued under the Act with respect to an 93⁄8 ............... July 1, 1988 Jan. 1, 1989.
[FR Doc. 2017–01550 Filed 1–23–17; 8:45 am]
insured loan or mortgage (except for 91⁄4 ............... Jan. 1, 1989 July 1, 1989.
BILLING CODE 4210–67–P
debentures issued pursuant to Section 9 ................... July 1, 1989 Jan. 1, 1990.
221(g)(4) of the Act) will bear interest at 81⁄8 ............... Jan. 1, 1990 July 1, 1990.
the rate in effect on the date the 9 ................... July 1, 1990 Jan. 1, 1991.
DEPARTMENT OF HOUSING AND 83⁄4 ............... Jan. 1, 1991 July 1, 1991.
URBAN DEVELOPMENT commitment to insure the loan or 81⁄2 ............... July 1, 1991 Jan. 1, 1992.
mortgage was issued, or the date the 8 ................... Jan. 1, 1992 July 1, 1992.
[Docket No. FR–6015–N–01] loan or mortgage was endorsed (or 8 ................... July 1, 1992 Jan. 1, 1993.
initially endorsed if there are two or 73⁄4 ............... Jan. 1, 1993 July 1, 1993.
Mortgage and Loan Insurance more endorsements) for insurance, 7 ................... July 1, 1993 Jan. 1, 1994.
Programs Under the National Housing whichever rate is higher. This provision 65⁄8 ............... Jan. 1, 1994 July 1, 1994.
Act—Debenture Interest Rates is implemented in HUD’s regulations at 73⁄4 ............... July 1, 1994 Jan. 1, 1995.
24 CFR 203.405, 203.479, 207.259(e)(6), 83⁄8 ............... Jan. 1, 1995 July 1, 1995.
AGENCY: Office of the Assistant
71⁄4 ............... July 1, 1995 Jan. 1, 1996.
Secretary for Housing—Federal Housing and 220.830. These regulatory 61⁄2 ............... Jan. 1, 1996 July 1, 1996.
Commissioner, HUD. provisions state that the applicable rates 71⁄4 ............... July 1, 1996 Jan. 1, 1997.
ACTION: Notice. of interest will be published twice each 63⁄4 ............... Jan. 1, 1997 July 1, 1997.
year as a notice in the Federal Register. 71⁄8 ............... July 1, 1997 Jan. 1, 1998.
SUMMARY: This Notice announces Section 224 further provides that the 63⁄8 ............... Jan. 1, 1998 July 1, 1998.
changes in the interest rates to be paid interest rate on these debentures will be 61⁄8 ............... July 1, 1998 Jan. 1, 1999.
on debentures issued with respect to a set from time to time by the Secretary 51⁄2 ............... Jan. 1, 1999 July 1, 1999.
loan or mortgage insured by the Federal of HUD, with the approval of the 61⁄8 ............... July 1, 1999 Jan. 1, 2000.
Housing Administration under the Secretary of the Treasury, in an amount 61⁄2 ............... Jan. 1, 2000 July 1, 2000.
provisions of the National Housing Act 61⁄2 ............... July 1, 2000 Jan. 1, 2001.
not in excess of the annual interest rate 6 ................... Jan. 1, 2001 July 1, 2001.
(the Act). The interest rate for determined by the Secretary of the 57⁄8 ............... July 1, 2001 Jan. 1, 2002.
debentures issued under Section Treasury pursuant to a statutory formula 51⁄4 ............... Jan. 1, 2002 July 1, 2002.
221(g)(4) of the Act during the 6-month based on the average yield of all 53⁄4 ............... July 1, 2002 Jan. 1, 2003.
period beginning January 1, 2017, is 21⁄8 outstanding marketable Treasury 5 ................... Jan. 1, 2003 July 1, 2003.
percent. The interest rate for debentures obligations of maturities of 15 or more 41⁄2 ............... July 1, 2003 Jan. 1, 2004.
issued under any other provision of the 51⁄8 ............... Jan. 1, 2004 July 1, 2004.
sradovich on DSK3GMQ082PROD with NOTICES
years.
Act is the rate in effect on the date that The Secretary of the Treasury (1) has 51⁄2 ............... July 1, 2004 Jan. 1, 2005.
the commitment to insure the loan or determined, in accordance with the 47⁄8 ............... Jan. 1, 2005 July 1, 2005.
41⁄2 ............... July 1, 2005 Jan. 1, 2006.
mortgage was issued, or the date that the provisions of Section 224, that the 47⁄8 ............... Jan. 1, 2006 July 1, 2006.
loan or mortgage was endorsed (or statutory maximum interest rate for the 53⁄8 ............... July 1, 2006 Jan. 1, 2007.
initially endorsed if there are two or period beginning January 1, 2017, is 23⁄4 43⁄4 ............... Jan. 1, 2007 July 1, 2007.
more endorsements) for insurance, percent; and (2) has approved the 5 ................... July 1, 2007 Jan. 1, 2008.
whichever rate is higher. The interest establishment of the debenture interest 41⁄2 ............... Jan. 1, 2008 July 1, 2008.
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![8202 Federal Register / Vol. 82, No. 14 / Tuesday, January 24, 2017 / Notices
Effective HUD’s environmental clearance hud.gov or telephone 202–402–5535.
On or after Prior to
interest rate procedures set forth in 24 CFR This is not a toll-free number. Persons
50.19(c)(6). For that reason, no with hearing or speech impairments
45⁄8 ............... July 1, 2008 Jan. 1, 2009. environmental finding has been may access this number through TTY by
41⁄8 ............... Jan. 1, 2009 July 1, 2009. prepared for this notice. calling the toll-free Federal Relay
41⁄8 ............... July 1, 2009 Jan. 1, 2010.
41⁄4 ............... Jan. 1, 2010 July 1, 2010. (Authority: Sections 211, 221, 224, National Service at (800) 877–8339.
41⁄8 ............... July 1, 2010 Jan. 1, 2011. Housing Act, 12 U.S.C. 1715b, 1715l, 1715o; Copies of available documents
37⁄8 ............... Jan. 1, 2011 July 1, 2011. Section 7(d), Department of HUD Act, 42 submitted to OMB may be obtained
41⁄8 ............... July 1, 2011 Jan. 1, 2012. U.S.C. 3535(d).) from Ms. Guido.
27⁄8 ............... Jan. 1, 2012 July 1, 2012. Dated: January 17, 2017. SUPPLEMENTARY INFORMATION: This
23⁄4 ............... July 1, 2012 Jan. 1, 2013.
21⁄2 ............... Jan. 1, 2013 July 1, 2013. Edward L. Golding, notice informs the public that HUD is
27⁄8 ............... July 1, 2013 Jan. 1, 2014. Principal Deputy Assistant Secretary for - seeking approval from OMB for the
35⁄8 ............... Jan. 1, 2014 July 1, 2014. Housing. information collection described in
31⁄4 ............... July 1, 2014 Jan. 1, 2015. [FR Doc. 2017–01547 Filed 1–23–17; 8:45 am] Section A.
3 ................... Jan. 1, 2015 July 1, 2015. BILLING CODE 4210–67–P
27⁄8 ............... July 1, 2015 Jan. 1, 2016. A. Overview of Information Collection
27⁄8 ............... Jan. 1, 2016 July 1, 2016.
Title of Information Collection:
21⁄2 ............... July 1, 2016 Jan. 1, 2017.
23⁄4 ............... Jan. 1, 2017 July 1, 2017. DEPARTMENT OF HOUSING AND Survey of Market Absorption of New
URBAN DEVELOPMENT Multifamily Units.
Section 215 of Division G, Title II of [Docket No. FR–6003–N–01] OMB Approval Number: 2528–0013
Public Law 108–199, enacted January (Expires March 31, 2017).
23, 2004 (HUD’s 2004 Appropriations 60-Day Notice of Proposed Information Type of Request: Extension of
Act) amended Section 224 of the Act, to Collection: Survey of Market currently approved collection.
change the debenture interest rate for Absorption of New Multifamily Units Form Number: N/A.
purposes of calculating certain Description of the need for the
insurance claim payments made in cash. AGENCY: Office of the Assistant
Secretary for Policy Development and information and proposed use: The
Therefore, for all claims paid in cash on Survey of Market Absorption (SOMA)
mortgages insured under Section 203 or Research, HUD.
provides the data necessary to measure
234 of the National Housing Act and ACTION: Notice.
the rate at which new rental apartments
endorsed for insurance after January 23, SUMMARY: The U.S. Department of and new condominium apartments are
2004, the debenture interest rate will be Housing and Urban Development (HUD) absorbed; that is, taken off the market,
the monthly average yield, for the is seeking approval from the Office of usually by being rented or sold, over the
month in which the default on the Management and Budget (OMB) for the course of the first twelve months
mortgage occurred, on United States information collection described below. following completion of a building. The
Treasury Securities adjusted to a In accordance with the Paperwork data are collected at quarterly intervals
constant maturity of 10 years, as found Reduction Act, HUD is requesting until the twelve months conclude, or
in Federal Reserve Statistical Release H– comment from all interested parties on until the units in a building are
15. The Federal Housing Administration the proposed collection of information. completely absorbed. The survey also
has codified this provision in HUD The purpose of this notice is to allow for provides estimates of certain
regulations at 24 CFR 203.405(b) and 24 60 days of public comment. characteristics, including asking rent/
CFR 203.479(b). price, number of units, and number of
Section 221(g)(4) of the Act provides DATES: Comments Due Date: March 27,
2017. bedrooms. The survey provides a basis
that debentures issued pursuant to that for analyzing the degree to which new
paragraph (with respect to the ADDRESSES: Interested persons are
invited to submit comments regarding apartment construction is meeting the
assignment of an insured mortgage to present and future needs of the public.
the Secretary) will bear interest at the this proposal. Comments should refer to
the proposal by name and/or OMB Members of affected public: Rental
‘‘going Federal rate’’ in effect at the time Agents/Builders.
the debentures are issued. The term Control Number and should be sent to:
Anna P. Guido, Reports Management Estimated Number of Respondents:
‘‘going Federal rate’’ is defined to mean
Officer, QDAM, Department of Housing 12,000 yearly (maximum).
the interest rate that the Secretary of the
and Urban Development, 451 7th Street Estimated Time per Response: 15
Treasury determines, pursuant to a
SW., Room 4176, Washington, DC minutes/initial interview and 5 minutes
statutory formula based on the average
20410–5000; telephone 202–402–5534 for any subsequent interviews (up to
yield on all outstanding marketable
(this is not a toll-free number) or email three additional, if necessary).
Treasury obligations of 8 to 12 year
maturities, for the 6-month periods of at Anna.P.Guido@hud.gov for a copy of Frequency of Response: Four times
January through June and July through the proposed forms or other available (maximum).
December of each year. Section 221(g)(4) information. Persons with hearing or Estimated Total Annual Burden
is implemented in the HUD regulations speech impairments may access this Hours: 6,000 (12,000 buildings × 30
at 24 CFR 221.255 and 24 CFR 221.790. number through TTY by calling the toll- minutes).
The Secretary of the Treasury has free Federal Relay Service at (800) 877– Estimated Total Annual Cost: The
determined that the interest rate to be 8339. only cost to respondents is that of their
sradovich on DSK3GMQ082PROD with NOTICES
borne by debentures issued pursuant to FOR FURTHER INFORMATION CONTACT: time. The total estimated cost to HUD in
Section 221(g)(4) during the 6-month Anna P. Guido, Reports Management FY 2017 is $1,120,000.
period beginning January 1, 2017, is 21⁄8 Officer, QDAM, Department of Housing Respondent’s Obligation: Voluntary.
percent. and Urban Development, 451 7th Street Legal Authority: The survey is
The subject matter of this Notice falls SW., Washington, DC 20410; email conducted under Title 12, United States
within the categorical exemption from Anna P. Guido at Anna.P.Guido@ Code, Section 1701Z.
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Document Created: 2018-02-01 15:12:28
Document Modified: 2018-02-01 15:12:28
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| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| Action | Notice. | |
| Contact | Yong Sun, Department of Housing and Urban Development, 451 Seventh Street SW., Room 5148, Washington, DC 20410-8000; telephone (202) 402-4778 (this is not a toll-free number). Individuals with speech or hearing impairments may access this number through TTY by calling the toll-free Federal Information Relay Service at (800) 877-8339. | |
| FR Citation | 82 FR 8201 |
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