Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates, 36246-36247 [E9-17325]

Download as PDF 36246 Federal Register / Vol. 74, No. 139 / Wednesday, July 22, 2009 / Notices Dated: July 16, 2009. Lillian Deitzer, Departmental Reports Management Officer, Office of the Chief Information Officer. [FR Doc. E9–17490 Filed 7–21–09; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5276–N–02] Mortgage and Loan Insurance Programs Under the National Housing Act—Debenture Interest Rates jlentini on DSKJ8SOYB1PROD with NOTICES 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 July 1, 2009, is 33⁄8 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 July 1, 2009, is 41⁄8 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: 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. VerDate Nov<24>2008 16:04 Jul 21, 2009 Jkt 217001 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 July 1, 2009, is 41⁄8 percent; and (2) has approved the establishment of the debenture interest rate by the Secretary of HUD at 41⁄8 percent for the 6-month period beginning July 1, 2009. 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 latter 6 months of 2009. For convenience of reference, HUD is publishing the following chart of debenture interest rates applicable to mortgages committed or endorsed since January 1, 1980: SUPPLEMENTARY INFORMATION: Effective interest rate On or after Prior to 91⁄2 ................. 97⁄8 ................. 113⁄4 ............... 127⁄8 ............... 123⁄4 ............... 101⁄4 ............... 103⁄8 ............... 111⁄2 ............... 133⁄8 ............... 115⁄8 ............... 111⁄8 ............... 101⁄4 ............... 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, 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 PO 00000 Frm 00084 Fmt 4703 Sfmt 4703 Effective interest rate On or after Prior to 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 ................. 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 ................. 53⁄8 ................. 43⁄4 ................. 5 ..................... 41⁄2 ................. 45⁄8 ................. 41⁄8 ................. 41⁄8 ................. 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 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 Jan. 1, 2007 July 1, 2007 Jan. 1, 2008 July 1, 2008 Jan. 1, 2009 July 1, 2009 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 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 Jan. 1, 2007 July 1, 2007 Jan. 1, 2008 July 1, 2008 Jan. 1, 2009 July 1, 2009 Jan. 1, 2010 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). E:\FR\FM\22JYN1.SGM 22JYN1 Federal Register / Vol. 74, No. 139 / Wednesday, July 22, 2009 / Notices 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 July 1, 2009, is 33⁄8 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: July 10, 2009. Ronald Y. Spraker, Acting General Deputy Assistant Secretary for Housing—Federal Housing Commissioner. [FR Doc. E9–17325 Filed 7–21–09; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF THE INTERIOR Fish and Wildlife Service [FWS–R3–MB–2009–N149] [30120–1113– 0000–D3] Information Collection Sent to the Office of Management and Budget (OMB) for Approval; Bald Eagle Postdelisting Monitoring jlentini on DSKJ8SOYB1PROD with NOTICES AGENCY: Fish and Wildlife Service, Interior. ACTION: Notice; request for comments. SUMMARY: We (Fish and Wildlife Service, Service) have sent an Information Collection Request (ICR) to OMB for review and approval. The ICR, which is summarized below, describes the nature of the collection and the estimated burden and cost. We may not conduct or sponsor and a person is not required to respond to a collection of information unless it displays a currently valid OMB control number. VerDate Nov<24>2008 16:04 Jul 21, 2009 Jkt 217001 DATES: You must send comments on or before August 21, 2009. ADDRESSES: Send your comments and suggestions on this information collection to the Desk Officer for the Department of the Interior at OMB-OIRA at (202) 395-5806 (fax) or OIRA_DOCKET@OMB.eop.gov (e-mail). Please provide a copy of your comments to Hope Grey, Information Collection Clearance Officer, Fish and Wildlife Service, MS 222-ARLSQ, 4401 North Fairfax Drive, Arlington, VA 22203 (mail) or hope_grey@fws.gov (e-mail). FOR FURTHER INFORMATION CONTACT: To request additional information about this ICR, contact Hope Grey by mail or e-mail (see ADDRESSES) or by telephone at (703) 358–2482. SUPPLEMENTARY INFORMATION: OMB Control Number: None. This is a new collection. Title: Bald Eagle Post-delisting Monitoring. Type of Request: New. Affected Public: States, tribes, and local governments, Federal land managers, and nongovernmental partners. Respondent’s Obligation: Voluntary. Frequency of Collection: Once every 5 years. Note: For each 5–year survey, we estimate a total of 48 respondents will provide 48 responses totaling 1,478 burden hours. The burden estimates below are annualized over the 3–year period of OMB approval. Estimated Annual Number of Respondents: 16. Estimated Total Annual Responses: 16. Estimated Time per Response: 30.8 hours. Estimated Total Annual Burden Hours: 493. Abstract: This information collection implements the requirements of the Endangered Species Act (16 U.S.C. 1531 et seq.) (ESA). The bald eagle in the lower 48 States was removed from the List of Endangered and Threatened Wildlife on August 8, 2007 (July 9, 2007, 72 FR 37346). Section 4(g) of the ESA requires that all species that are recovered and removed from the List of Endangered and Threatened Wildlife (delisted) be monitored in cooperation with the States for a period of not less than 5 years. The purpose of this requirement is to detect any failure of a recovered species to sustain itself without the protections of the ESA. The bald eagle has a large geographic distribution that includes a substantial amount of non-Federal land. Although the ESA requires that monitoring of recovered species be conducted for not PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 36247 less than 5 years, the life history of bald eagles is such that it is appropriate to monitor this species for a longer period of time in order to meaningfully evaluate whether or not the recovered species continues to maintain its recovered status. We plan to monitor the status of the bald eagle by collecting data on occupied nests over a 20–year period with sampling events held once every 5 years. The Post-delisting Monitoring Plan for the Bald Eagle (Plan) describes monitoring procedures and methods. When OMB takes action on this ICR, we will publish a notice in the Federal Register announcing the availability of the final Plan. If you would like a copy of the Plan before the notice of availability is published, contact Hope Grey (see ADDRESSES) or you can obtain a copy online at http:// www.reginfo.gov. Comments: On July 9, 2007, we published a notice of availability for the draft Plan in the Federal Register (72 FR 37373). We solicited comments for a period of 90 days, ending on October 9, 2007. In addition, in the fall of 2007, we gave two web presentations for State biologists. These presentations focused on the survey and data collection methods. We considered all comments from the Federal Register notice and the web presentations and addressed them in the Plan. Comment: Adequate funding for monitoring has not been identified. Response: The Service will fund the area frame surveys for the initial baseline survey, including the use of aircraft and pilots to complete the surveys. We will continue to work with the States, tribes, and our other partners to secure funding for future surveys. Comment: Five-year intervals between monitoring are insufficient. Response: In order to assess several generations of bald eagles after delisting, this Plan recommends monitoring bald eagle nesting populations at 5–year intervals (which would follow the development cycle to maturity for one generation) for four generations or a total of 20 years. This exceeds the requirements of the ESA. Many States monitor bald eagle nests on an annual basis because the surveys provide valuable resource data. Some States have indicated that their future bald eagle monitoring will be greatly reduced due to its recovery and the need to allocate funding to other areas. Thus, 5– year survey intervals will provide more data for States where surveys are not otherwise planned. It may also provide a cost savings for other States if they can use these data at 5–year intervals to satisfy their needs. E:\FR\FM\22JYN1.SGM 22JYN1

Agencies

[Federal Register Volume 74, Number 139 (Wednesday, July 22, 2009)]
[Notices]
[Pages 36246-36247]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-17325]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5276-N-02]


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 July 
1, 2009, is 3\3/8\ 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 July 1, 2009, is 4\1/8\ 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: 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 July 1, 2009, is 4\1/8\ percent; and (2) 
has approved the establishment of the debenture interest rate by the 
Secretary of HUD at 4\1/8\ percent for the 6-month period beginning 
July 1, 2009. 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 latter 6 
months of 2009.
    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
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
------------------------------------------------------------------------

    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).

[[Page 36247]]

    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 July 1, 2009, is 3\3/8\ 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: July 10, 2009.
Ronald Y. Spraker,
Acting General Deputy Assistant Secretary for Housing--Federal Housing 
Commissioner.
[FR Doc. E9-17325 Filed 7-21-09; 8:45 am]
BILLING CODE 4210-67-P