Budget-Based Rent Increase, 36245-36246 [E9-17490]

Download as PDF 36245 Federal Register / Vol. 74, No. 139 / Wednesday, July 22, 2009 / Notices is soliciting comments from members of the public and affecting agencies concerning the proposed collection of information to: (1) Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (2) Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information; (3) Enhance the quality, utility, and clarity of the information to be collected; and (4) Minimize the burden of the collection of information on those who are to respond; including through the use of appropriate automated collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. This notice also lists the following information: Title of Proposal: Pre-Foreclosure Sales Program. OMB Approval Number: 2502–0464. Form Numbers: HUD–90035, HUD– 90041, HUD–90045, HUD–90051, HUD– 90052. Description of the Need for the Information and Its Proposed Use: The respondents are lenders, counselors, and homeowners who are attempting to sell properties prior to foreclosure. The information collection is a record of the process from the borrower’s application to participate in the program and the lender’s approval, to the Department’s review and approval of the specifics of the sale. Homeowner’s participation in the program must also receive housing counseling and the confirmation that the counseling has been performed must be documented. Frequency of Submission: On occasion, Monthly. Number of respondents Annual responses × Hours per response = Burden hours 30,010 1.36 .... 0.180 .... 7,404 Reporting Burden ............................................................................. Total Estimated Burden Hours: 7,404. Status: Extension of a currently approved collection. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended. Dated: July 17, 2009. Lillian Deitzer, Departmental Reports Management Officer, Office of the Chief Information Officer. [FR Doc. E9–17484 Filed 7–21–09; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5281–N–54] Budget-Based Rent Increase AGENCY: Office of the Chief Information Officer, HUD. ACTION: Notice. SUMMARY: The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. Owners of certain cooperative and subsidized rental projects are required to submit a Budget Worksheet when requesting rent increases. HUD Field Offices review and evaluate the amount and reasonableness of the requested increase. DATES: Comments Due Date: August 21, 2009. ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval Number (2502–0324) and should be sent to: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; fax: 202–395–5806. FOR FURTHER INFORMATION CONTACT: Lillian Deitzer, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; email Lillian Deitzer at Lillian_L._Deitzer@HUD.gov or telephone (202) 402–8048. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Ms. Deitzer. SUPPLEMENTARY INFORMATION: This notice informs the public that the Department of Housing and Urban Development has submitted to OMB a request for approval of the Information collection described below. This notice is soliciting comments from members of the public and affecting agencies concerning the proposed collection of information to: (1) Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (2) Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information; (3) Enhance the quality, utility, and clarity of the information to be collected; and (4) Minimize the burden of the collection of information on those who are to respond; including through the use of appropriate automated collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. This notice also lists the following information: Title of Proposal: Budget-Based Rent Increase. OMB Approval Number: 2502–0324. Form Numbers: HUD–92547–A. Description of the Need for the Information and Its Proposed Use: Owners of certain cooperative and subsidized rental projects are required to submit a Budget Worksheet when requesting rent increases. HUD Field Offices review and evaluate the amount and reasonableness of the requested increase. Frequency of Submission: On occasion. jlentini on DSKJ8SOYB1PROD with NOTICES Number of respondents Annual responses × Hours per response = Burden hours 12,218 1 .... 5 .... 61,090 Reporting Burden ............................................................................. Total Estimated Burden Hours: 61,090. VerDate Nov<24>2008 16:04 Jul 21, 2009 Jkt 217001 Status: Extension of a currently approved collection. PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended. E:\FR\FM\22JYN1.SGM 22JYN1 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

Agencies

[Federal Register Volume 74, Number 139 (Wednesday, July 22, 2009)]
[Notices]
[Pages 36245-36246]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-17490]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5281-N-54]


Budget-Based Rent Increase

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below has been submitted to the Office of Management and Budget (OMB) 
for review, as required by the Paperwork Reduction Act. The Department 
is soliciting public comments on the subject proposal.
    Owners of certain cooperative and subsidized rental projects are 
required to submit a Budget Worksheet when requesting rent increases. 
HUD Field Offices review and evaluate the amount and reasonableness of 
the requested increase.

DATES: Comments Due Date: August 21, 2009.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-0324) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-5806.

FOR FURTHER INFORMATION CONTACT: Lillian Deitzer, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Washington, DC 20410; e-mail Lillian Deitzer at Lillian_L._Deitzer@HUD.gov or telephone (202) 402-8048. This is not a toll-
free number. Copies of available documents submitted to OMB may be 
obtained from Ms. Deitzer.

SUPPLEMENTARY INFORMATION: This notice informs the public that the 
Department of Housing and Urban Development has submitted to OMB a 
request for approval of the Information collection described below. 
This notice is soliciting comments from members of the public and 
affecting agencies concerning the proposed collection of information 
to: (1) Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility; (2) 
Evaluate the accuracy of the agency's estimate of the burden of the 
proposed collection of information; (3) Enhance the quality, utility, 
and clarity of the information to be collected; and (4) Minimize the 
burden of the collection of information on those who are to respond; 
including through the use of appropriate automated collection 
techniques or other forms of information technology, e.g., permitting 
electronic submission of responses.
    This notice also lists the following information:
    Title of Proposal: Budget-Based Rent Increase.
    OMB Approval Number: 2502-0324.
    Form Numbers: HUD-92547-A.
    Description of the Need for the Information and Its Proposed Use: 
Owners of certain cooperative and subsidized rental projects are 
required to submit a Budget Worksheet when requesting rent increases. 
HUD Field Offices review and evaluate the amount and reasonableness of 
the requested increase.
    Frequency of Submission: On occasion.

----------------------------------------------------------------------------------------------------------------
                                         Number of          Annual             Hours per
                                        respondents       responses      x      response      =    Burden hours
----------------------------------------------------------------------------------------------------------------
Reporting Burden....................          12,218                1   ..               5   ..          61,090
----------------------------------------------------------------------------------------------------------------

    Total Estimated Burden Hours: 61,090.
    Status: Extension of a currently approved collection.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. 35, as amended.


[[Page 36246]]


    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