Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates, 12708-12709 [06-2344]
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12708
Federal Register / Vol. 71, No. 48 / Monday, March 13, 2006 / Notices
ESTIMATION OF THE TOTAL NUMBERS OF HOURS NEEDED TO PREPARE THE INFORMATION COLLECTION INCLUDING
NUMBER OF RESPONDENTS, FREQUENCY OF RESPONSE, AND HOURS OF RESPONSE—Continued
Reg. section
Paperwork requirement
Recordkeeping
hours
Reporting
hours
Number of
jurisdictions
§ 91.616 ........................
§ 92.502 ........................
Confirm first-time homebuyer status ................
Input first-time homebuyer status (IDIS) ..........
0.1
..........................
........................
0.2
427
427
43
85
Total Annual Respondent and
Burden Hours.
...........................................................................
..........................
........................
6,667
521,478
Total hours
Estimate of Respondent Cost: 521,478 hours × $31/hour = $16,165,818.
Authority: The Paperwork Reduction Act
of 1995, 44 U.S.C. Chapter 35, as amended.
Dated: March 3, 2006.
Pamela H. Patenaude,
Assistant Secretary for Community Planning
and Development.
[FR Doc. 06–2345 Filed 3–10–06; 8:45 am]
BILLING CODE 4210–67–M
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–4917–N–07]
Mortgage and Loan Insurance
Programs Under the National Housing
Act—Debenture Interest Rates
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
wwhite on PROD1PC61 with NOTICES
AGENCY:
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, 2006, is 51⁄8
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, 2006, is 47⁄8 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
VerDate Aug<31>2005
17:58 Mar 10, 2006
Jkt 208001
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: L.
Richard Keyser, Department of Housing
and Urban Development, 451 Seventh
Street, SW., Room 2232, Washington,
DC 20410–8000; telephone (202) 755–
7500 (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, 2006, is 4
PO 00000
Frm 00038
Fmt 4703
Sfmt 4703
7/8 percent; and (2) has approved the
establishment of the debenture interest
rate by the Secretary of HUD at 4 7/8
percent for the 6-month period
beginning January 1, 2006. 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 2006.
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
91⁄2 .......
97⁄8 .......
113⁄4 .....
127⁄8 .....
123⁄4 .....
101⁄4 .....
103⁄8 .....
111⁄2 .....
133⁄8 .....
115⁄8 .....
111⁄8 .....
101⁄4 .....
81⁄4 .......
8 ...........
9 ...........
91⁄8 .......
93⁄8 .......
91⁄4 .......
9 ...........
81⁄8 .......
9 ...........
83⁄4 .......
81⁄2 .......
8 ...........
8 ...........
73⁄4 .......
7 ...........
65⁄8 .......
73⁄4 .......
83⁄8 .......
71⁄4 .......
61⁄2 .......
71⁄4 .......
63⁄4 .......
71⁄8 .......
63⁄8 .......
61⁄8 .......
Jan 1, 1980 ......
July 1, 1980 .....
Jan 1, 1981 ......
July 1, 1981 .....
Jan 1, 1982 ......
Jan 1, 1983 ......
July 1, 1983 .....
Jan 1, 1984 ......
July 1, 1984 .....
Jan 1, 1985 ......
July 1, 1985 .....
Jan 1, 1986 ......
July 1, 1986 .....
Jan 1, 1987 ......
July 1, 1987 .....
Jan 1, 1988 ......
July 1, 1988 .....
Jan 1, 1989 ......
July 1, 1989 .....
Jan 1, 1990 ......
July 1, 1990 .....
Jan 1, 1991 ......
July 1, 1991 .....
Jan 1, 1992 ......
July 1, 1992 .....
Jan 1, 1993 ......
July 1, 1993 .....
Jan 1, 1994 ......
July 1, 1994 .....
Jan 1, 1995 ......
July 1, 1995 .....
Jan 1, 1996 ......
July 1, 1996 .....
Jan 1, 1997 ......
July 1, 1997 .....
Jan 1, 1998 ......
July 1, 1998 .....
E:\FR\FM\13MRN1.SGM
13MRN1
prior to
July 1, 1980.
Jan 1, 1981.
July 1, 1981.
Jan 1, 1982.
Jan 1, 1983.
July 1, 1983.
Jan 1, 1984.
July 1, 1984.
Jan 1, 1985.
July 1, 1985.
Jan 1, 1986.
July 1, 1986.
Jan 1, 1987.
July 1, 1987.
Jan 1, 1988.
July 1, 1988.
Jan 1, 1989.
July 1, 1989.
Jan 1, 1990.
July 1, 1990.
Jan 1, 1991.
July 1, 1991.
Jan 1, 1992.
July 1, 1992.
Jan 1, 1993.
July 1, 1993.
Jan 1, 1994.
July 1, 1994.
Jan 1, 1995.
July 1, 1995.
Jan 1, 1996.
July 1, 1996.
Jan 1, 1997.
July 1, 1997.
Jan 1, 1998.
July 1, 1998.
Jan 1, 1999.
Federal Register / Vol. 71, No. 48 / Monday, March 13, 2006 / Notices
Effective
interest
rate
on or after
51⁄2 .......
61⁄8 .......
61⁄2 .......
61⁄2 .......
6 ...........
57⁄8 .......
51⁄4 .......
53⁄4 .......
5 ...........
41⁄2 .......
51⁄8 .......
51⁄2 .......
47⁄8 .......
41⁄2 .......
47⁄8 .......
Jan 1, 1999 ......
July 1, 1999 .....
Jan 1, 2000 ......
July 1, 2000 .....
Jan 1, 2001 ......
July 1, 2001 .....
Jan 1, 2002 ......
July 1, 2002 .....
Jan 1, 2003 ......
July 1, 2003 .....
Jan 1, 2004 ......
July 1, 2004 .....
Jan 1, 2005 ......
July 1, 2005 .....
Jan 1, 2006 ......
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.
prior to
July 1, 1999.
Jan 1, 2000.
July 1, 2000.
Jan 1, 2001.
July 1, 2001.
Jan 1, 2002.
July 1, 2002.
Jan 1, 2003.
July 1, 2003.
Jan 1, 2004.
July 1, 2004.
Jan 1, 2005.
July 1, 2005.
Jan 1, 2006.
July 1, 2006.
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: March 3, 2006.
Brian D. Montgomery,
Assistant Secretary for Housing—Federal
Housing Commissioner.
[FR Doc. 06–2344 Filed 3–10–06; 8:45 am]
wwhite on PROD1PC61 with NOTICES
BILLING CODE 4210–27–P
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, effective immediately, 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 is in
the process of making conforming
amendments to applicable regulations to
fully implement this recent change to
section 224 of the Act.
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, 2006, is 51⁄8
percent.
HUD expects to publish its next
notice of change in debenture interest
rates in July 2006.
VerDate Aug<31>2005
17:58 Mar 10, 2006
Jkt 208001
DEPARTMENT OF THE INTERIOR
Fish and Wildlife Service
Draft Comprehensive Conservation
Plan and Environmental Assessment
for the Great Dismal Swamp National
Wildlife Refuge and the Nansemond
National Wildlife Refuge
Fish and Wildlife Service,
Department of the Interior.
ACTION: Notice of Availability.
AGENCY:
SUMMARY: The U.S. Fish and Wildlife
Service (Service) announces that the
draft Comprehensive Conservation Plan
(CCP) and Environmental Assessment
(EA) for the Great Dismal Swamp
National Wildlife Refuge (NWR) is
available for review. The CCP/EA
includes Nansemond NWR, an unstaffed
refuge managed by the Great Dismal
Swamp NWR. The Service prepared this
CCP/EA in compliance with the
National Environmental Policy Act of
1969, and the National Wildlife Refuge
System Administration Act of 1966, as
amended by the National Wildlife
Refuge System Improvement Act of
1997 (16 U.S.C. 668dd, et seq.).
This notice also advises the public
that the Service is withdrawing a
previous notice, published in 2002,
stating that an Environmental Impact
Statement (EIS) would be developed for
the refuge complex. After completing
the environmental analysis, we
determined that an EIS is not warranted.
DATES: The draft CCP/EA will be
available for public review and
comment for a 30-day period starting
with the publication of this notice.
ADDRESSES: Copies of the draft CCP/EA
on compact diskette or in print may be
obtained by writing or visiting Great
Dismal Swamp NWR, 3100 Desert Road,
Suffolk, Virginia 23434, or you may
download an electronic copy from the
PO 00000
Frm 00039
Fmt 4703
Sfmt 4703
12709
https://library.fws.gov/ccps.htm Web
site. We plan to host three public
meetings in the Cities of Suffolk and
Chesapeake, Virginia, and in Camden
and Gates Counties in North Carolina.
We will announce the details at least 2
weeks in advance in local papers and
post them at the refuge.
Comments should be submitted to
Deloras Freeman, Great Dismal Swamp
NWR, 3100 Desert Road, Suffolk,
Virginia 23434, by fax at 757–986–2353,
or email at deloras_freeman@fws.gov.
Comments via email should include the
comments in the body of the email,
since email security programs could
delete attached files.
FOR FURTHER INFORMATION CONTACT:
Deloras Freeman, Great Dismal Swamp
NWR at 787–986–3706 or Bill Perry,
Refuge Planner, Northeast Regional
Office at 413–253–8371.
SUPPLEMENTARY INFORMATION: The
National Wildlife Refuge System
Administration Act of 1966, as amended
by the National Wildlife Refuge System
Improvement Act of 1997, requires the
Service to develop a CCP for each
refuge. The purpose of developing a
CCP describes the desired future
conditions of the refuge and provides
refuge managers with a 15-year strategy
for achieving refuge purposes and
contributing to the mission of the
National Wildlife Refuge System, in
conformance with the sound principles
of fish and wildlife science, natural
resources conservation, legal mandates,
and Service policies. In addition to
outlining broad management direction
on conserving wildlife and habitats,
CCPs identify wildlife-dependent
recreational opportunities available to
the public, including opportunities for
hunting, fishing, wildlife observation
and photography, and environmental
education and interpretation. The
Service will review and update each
CCP at least once every 15 years, in
accordance with the National Wildlife
Refuge System Improvement Act of
1997 and the National Environmental
Policy Act of 1969.
Established in 1974, Great Dismal
Swamp NWR encompasses 111,201
acres, the largest intact remnant of a vast
habitat that once covered more than one
million acres of southeastern Virginia
and northeastern North Carolina. The
Nansemond NWR, established
December 12, 1973, is an unstaffed
satellite refuge encompassing 423 acres.
The draft CCP/EA analyzes three
alternatives for managing the refuge
over the next 15 years. Alternative A
(the ‘‘No Action’’ Alternative) would
continue our present management and
provides a baseline for comparing and
E:\FR\FM\13MRN1.SGM
13MRN1
Agencies
[Federal Register Volume 71, Number 48 (Monday, March 13, 2006)]
[Notices]
[Pages 12708-12709]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-2344]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4917-N-07]
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, 2006, is 5\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, 2006, is 4\7/8\
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: L. Richard Keyser, Department of
Housing and Urban Development, 451 Seventh Street, SW., Room 2232,
Washington, DC 20410-8000; telephone (202) 755-7500 (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, 2006, is 4 7/8 percent; and
(2) has approved the establishment of the debenture interest rate by
the Secretary of HUD at 4 7/8 percent for the 6-month period beginning
January 1, 2006. 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 2006.
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.
[[Page 12709]]
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.
------------------------------------------------------------------------
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,
effective immediately, 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 is in the process of
making conforming amendments to applicable regulations to fully
implement this recent change to section 224 of the Act.
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, 2006, is 5\1/8\ percent.
HUD expects to publish its next notice of change in debenture
interest rates in July 2006.
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: March 3, 2006.
Brian D. Montgomery,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 06-2344 Filed 3-10-06; 8:45 am]
BILLING CODE 4210-27-P