Announcement of Funding Awards for the Section 4 Capacity Building for Community Development and Affordable Housing Program Fiscal Year 2009, 5338-5339 [2010-2112]

Download as PDF 5338 Federal Register / Vol. 75, No. 21 / Tuesday, February 2, 2010 / Notices Number of potential sponsors Estimated annual frequency per respondent Type of information collection (Prepared by) Total annual responses Table of Contents ........... Issuance Statement ........ Tax Opinion ..................... Transfer Affidavit ............. Supplemental Statement Final Data Statements (attached to closing letter). Accountants’ Closing Letter. Accountants’ OCS Letter Structuring Data .............. Financial Statements ...... Principal and Interest Factor File Specifications. Distribution Dates and Statement. Term Sheet ..................... New Issue File Layout .... Flow of Funds ................. Trustee Receipt ............... Attorney for Sponsor ...... Attorney for Sponsor ...... Attorney for Sponsor ...... Attorney for Sponsor ...... Attorney for Sponsor ...... Accountant for Sponsor 10 10 10 10 10 10 1 1 1 1 0.25 1 10 10 10 10 2.5 10 Accountant ..................... 10 1 10 8 80 Accountant ..................... Accountant ..................... Accountant ..................... Trustee ........................... 10 10 10 10 1 1 1 1 10 10 10 10 8 8 1 16 80 80 10 160 Trustee ........................... 10 1 10 0.42 4.2 Sponsor .......................... Trustee ........................... Attorney for Sponsor ...... Attorney for Sponsor ...... 10 10 10 10 1 1 1 1 10 10 10 10 2 4 0.16 2 20 40 1.6 20 Total ......................... ......................................... ........................ .......................... 995.3 190 190 190 190 1 0.16 4 16 190 30.4 760 3,040 760 .......................... 4,020.4 .......................... 16,933.05 .......................... 232.5 Est. average hrly burden 0.33 0.5 4 0.08 1 32 Est. annual burden hrs 3.3 5 40 0.8 2.5 320 Platinum Securities Deposit Agreement ......... MBS Schedule ................ New Issue File Layout .... Principal and Interest Factor File Specifications. Depositor ........................ Depositor ........................ Depositor ........................ Trustee ........................... 19 19 19 19 Total ......................... ......................................... ........................ .......................... Total Burden Hours. ......................................... ........................ .......................... Calculation of Burden Hours: Sponsors × Frequency per Year = Estimated Annual Frequency. Estimated Annual Frequency × Estimated Average Completion Time = Estimated Annual Burden Hours. Status of the proposed information collection: Reinstatement, with change, of a previously approved collection. Authority: Section 3506 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35 as amended. mstockstill on DSKH9S0YB1PROD with NOTICES Dated: January 26, 2010. Mary K. Kinney, Executive Vice President, Government National Mortgage Association. [FR Doc. 2010–2111 Filed 2–1–10; 8:45 am] BILLING CODE 4210–67–P VerDate Nov<24>2008 16:52 Feb 01, 2010 Jkt 220001 10 10 10 10 .......................... DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5300–N–12] Announcement of Funding Awards for the Section 4 Capacity Building for Community Development and Affordable Housing Program Fiscal Year 2009 AGENCY: Office of the Assistant Secretary for Community Planning and Development, HUD. ACTION: Notice of funding awards. SUMMARY: In accordance with section 102(a)(4)(C) of the Department of Housing and Urban Development Reform Act of 1989, this announcement notifies the public of funding decisions made by the Department in a competition for funding under the 2009 Notice of Funding Availability (NOFA) for the Section 4 Capacity Building for Community Development and Affordable Housing grants program. This announcement contains the names PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 of the awardees and the amounts of the awards made available by HUD. FOR FURTHER INFORMATION CONTACT: Karen E. Daly, Director, Office of Policy Development and Coordination, Office of Community Planning and Development, 451 Seventh Street, SW., Room 7240, Washington, DC 20410– 7000; telephone (202) 402–5552 (this is not a toll-free number). Hearing- and speech-impaired persons may access this number via TTY by calling the Federal Relay Service toll-free at (800) 877–8339. For general information on this and other HUD programs, call Community Connections at (800) 998– 9999 or visit the HUD Web site at http:// www.hud.gov. SUPPLEMENTARY INFORMATION: HUD’s Capacity Building for Community Development and Affordable Housing program is authorized by Section 4 of the HUD Demonstration Act of 1993 (Pub. L. 103–120, 107 Stat. 1148, 42 U.S.C. 9816 note), as amended, and the), as amended, and the Omnibus Appropriations Act, 2009 (Pub. L. 11–8, E:\FR\FM\02FEN1.SGM 02FEN1 5339 Federal Register / Vol. 75, No. 21 / Tuesday, February 2, 2010 / Notices approved February 25, 2009). The Section 4 Capacity Building program provides grants to national community development intermediaries to enhance the capacity and ability of community development corporations and community housing development organizations to carry out community development and affordable housing activities that benefit low-income families and persons. Capacity Building funds support activities such as training, education, support, loans, grants, and development assistance. The Fiscal Year 2009 competition was announced on http://www.hud.gov on June 15, 2009. The NOFA provided $34 million for Section 4 Capacity Building grants For the Fiscal Year 2009 competition, HUD awarded three competitive Section 4 Capacity Building grants totaling $34,000,000. In accordance with section 102(a)(4)(C) of the Department of Housing and Urban Development Reform Act of 1989 (103 Stat. 1987, 42 U.S.C. 3545), the Department is publishing the grantees and the amounts of the awards in Appendix A to this document. Dated: December 18, 2009. ´ Mercedes Marquez, Assistant Secretary for Community Planning and Development. Appendix A Fiscal Year 2009 Funding Awards for the Section 4 Capacity Building for Community Development and Affordable Housing Program Recipient State Enterprise Community Partners, Inc ................................................................................................................................. Local Initiatives Support Corporation ................................................................................................................................ Habitat for Humanity International .................................................................................................................................... MD ....... NY ........ GA ........ $14,836,263 14,836,263 4,327,474 Total ........................................................................................................................................................................... .............. 34,000,000 [FR Doc. 2010–2112 Filed 2–1–10; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-5389–N–01] Mortgage and Loan Insurance Programs Under the National Housing Act—Debenture Interest Rates mstockstill on DSKH9S0YB1PROD 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 January 1, 2010, 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 January 1, 2010, is 41⁄4 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 VerDate Nov<24>2008 16:52 Feb 01, 2010 Jkt 220001 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 PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 Amount 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, 2010, is 41⁄4 percent; and (2) has approved the establishment of the debenture interest rate by the Secretary of HUD at 41⁄4 percent for the 6-month period beginning January 1, 2010. 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 2010. 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 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 ................. 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, 1987 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 E:\FR\FM\02FEN1.SGM 02FEN1

Agencies

[Federal Register Volume 75, Number 21 (Tuesday, February 2, 2010)]
[Notices]
[Pages 5338-5339]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-2112]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5300-N-12]


Announcement of Funding Awards for the Section 4 Capacity 
Building for Community Development and Affordable Housing Program 
Fiscal Year 2009

AGENCY: Office of the Assistant Secretary for Community Planning and 
Development, HUD.

ACTION: Notice of funding awards.

-----------------------------------------------------------------------

SUMMARY: In accordance with section 102(a)(4)(C) of the Department of 
Housing and Urban Development Reform Act of 1989, this announcement 
notifies the public of funding decisions made by the Department in a 
competition for funding under the 2009 Notice of Funding Availability 
(NOFA) for the Section 4 Capacity Building for Community Development 
and Affordable Housing grants program. This announcement contains the 
names of the awardees and the amounts of the awards made available by 
HUD.

FOR FURTHER INFORMATION CONTACT: Karen E. Daly, Director, Office of 
Policy Development and Coordination, Office of Community Planning and 
Development, 451 Seventh Street, SW., Room 7240, Washington, DC 20410-
7000; telephone (202) 402-5552 (this is not a toll-free number). 
Hearing- and speech-impaired persons may access this number via TTY by 
calling the Federal Relay Service toll-free at (800) 877-8339. For 
general information on this and other HUD programs, call Community 
Connections at (800) 998-9999 or visit the HUD Web site at http://www.hud.gov.

SUPPLEMENTARY INFORMATION: HUD's Capacity Building for Community 
Development and Affordable Housing program is authorized by Section 4 
of the HUD Demonstration Act of 1993 (Pub. L. 103-120, 107 Stat. 1148, 
42 U.S.C. 9816 note), as amended, and the), as amended, and the Omnibus 
Appropriations Act, 2009 (Pub. L. 11-8,

[[Page 5339]]

approved February 25, 2009). The Section 4 Capacity Building program 
provides grants to national community development intermediaries to 
enhance the capacity and ability of community development corporations 
and community housing development organizations to carry out community 
development and affordable housing activities that benefit low-income 
families and persons. Capacity Building funds support activities such 
as training, education, support, loans, grants, and development 
assistance.
    The Fiscal Year 2009 competition was announced on http://www.hud.gov on June 15, 2009. The NOFA provided $34 million for Section 
4 Capacity Building grants For the Fiscal Year 2009 competition, HUD 
awarded three competitive Section 4 Capacity Building grants totaling 
$34,000,000.
    In accordance with section 102(a)(4)(C) of the Department of 
Housing and Urban Development Reform Act of 1989 (103 Stat. 1987, 42 
U.S.C. 3545), the Department is publishing the grantees and the amounts 
of the awards in Appendix A to this document.

    Dated: December 18, 2009.
Mercedes M[aacute]rquez,
Assistant Secretary for Community Planning and Development.

Appendix A

Fiscal Year 2009 Funding Awards for the Section 4 Capacity Building for 
Community Development and Affordable Housing Program

------------------------------------------------------------------------
              Recipient                      State            Amount
------------------------------------------------------------------------
Enterprise Community Partners, Inc..  MD................     $14,836,263
Local Initiatives Support             NY................      14,836,263
 Corporation.
Habitat for Humanity International..  GA................       4,327,474
                                     -----------------------------------
    Total...........................  ..................      34,000,000
------------------------------------------------------------------------

[FR Doc. 2010-2112 Filed 2-1-10; 8:45 am]
BILLING CODE 4210-67-P