Changes in Certain Multifamily Housing and Health Care Facility Mortgage Insurance Premiums for Fiscal Year (FY) 2013, 21580-21581 [2012-8570]
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Federal Register / Vol. 77, No. 69 / Tuesday, April 10, 2012 / Notices
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[FR Doc. 2012–8632 Filed 4–9–12; 8:45 am]
BILLING CODE 9111–14–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
srobinson on DSK4SPTVN1PROD with NOTICES
[Docket No. FR–5634–N–01]
Changes in Certain Multifamily
Housing and Health Care Facility
Mortgage Insurance Premiums for
Fiscal Year (FY) 2013
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
AGENCY:
In accordance with HUD
regulations, this notice announces
SUMMARY:
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16:26 Apr 09, 2012
Jkt 226001
changes of the mortgage insurance
premiums (MIPs) for certain Federal
Housing Administration (FHA)
Multifamily Housing, Health Care
Facilities, and Hospital Mortgage
Insurance programs for commitments to
be issued or reissued in FY 2013. The
MIP for market-rate New Construction/
Substantial Rehabilitation loans under
Sections 207, 213, 220, 221(d)(4), 231,
232, and 242 is proposed to increase by
20 basis points and 223(a)(7) loans by 5
basis points; with a 15 basis point
increase for all other market-rate
multifamily housing, health care
facility, and hospital loans. The
increases will not apply to Low Income
Housing Tax Credit Loans, other
affordable housing loans for HUDassisted properties, or loans insured
under FHA’s Risk Sharing programs.
These MIP increases will not only
provide additional protection for the GI/
SRI fund and increase receipts to the
Treasury, but will also encourage
private lending to return to the market
by ensuring FHA is not under-pricing its
risk. In addition to announcing MIPs for
FY 2013, this notice also announces that
a positive credit subsidy obligation will
not be required in FY 2013 for loans
under any of the active mortgage
insurance programs for multifamily
housing or health care facilities.
DATES: Comment Due Date: May 10,
2012.
ADDRESSES: Interested persons are
invited to submit comments regarding
this Notice to the Regulations Division,
Office of General Counsel, Department
of Housing and Urban Development,
451 Seventh Street SW., Room 10276,
Washington, DC 20410–0500. Interested
persons also may submit comments
electronically through the Federal
eRulemaking Portal at: https://
www.regulations.gov, referencing the
docket number for this Notice.
Commenters should follow the
instructions provided on that site to
submit comments electronically. HUD
strongly encourages commenters to
submit their comments electronically
through https://www.regulations.gov.
The comments received through this
portal are posted and can be easily
viewed.
Facsimile (Fax) comments are not
acceptable. In all cases, communications
must refer to the docket number and
title. All comments and
communications submitted will be
available, without change, for public
inspection and copying between 8 a.m.
and 5 p.m. weekdays at the above
address. Due to security measures at the
HUD Headquarters building, please
schedule an appointment to review the
PO 00000
Frm 00059
Fmt 4703
Sfmt 4703
public comments by calling the
Regulations Division at (202) 708–3055
(this is not a toll-free number). Copies
of electronically filed comments are also
available for inspection and
downloading at https://
www.regulations.gov.
Dan
Sullivan, Acting Director, Office of
Multifamily Housing Development,
Office of Housing, Department of
Housing and Urban Development, 451
7th Street SW., Washington, DC 20410–
8000; telephone: 202–402–6130 (this is
not a toll-free number). Hearing- or
speech-impaired individuals may access
these numbers through TTY by calling
the Federal Relay Service at 800–877–
8339 (this is a toll-free number).
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION:
I. Background
HUD’s mortgage insurance regulation
at 24 CFR 207.254 provides as follows:
Notice of future premium changes will be
published in the Federal Register. The
Department will propose MIP changes for
multifamily mortgage insurance programs
and provide a 30-day public comment period
for the purpose of accepting comments on
whether the proposed changes are
appropriate.
Pursuant to this 30-day comment
procedure, this notice announces
changes for FY 2013 in the MIP for
programs authorized under the National
Housing Act (the Act) (12 U.S.C.
1709(c)(1)). These changes will not
apply to loans combined with Low
Income Housing Tax Credits, other
affordable housing loans for HUDassisted properties, or loans insured
under FHA’s Risk Sharing programs.
‘‘Other affordable housing loans for
HUD-assisted properties’’ include those
for properties with an active projectbased Section 8 contract covering any of
its units. These changes will be effective
and apply to any Firm Commitments
issued or reissued after October 1, 2012.
II. MIPs for FHA’s Mortgage Insurance
Programs for FY2013
In the chart set forth below, this
Notice announces the MIPs which will
be in effect during FY 2013 for the
multifamily housing, health care
facilities, and hospital mortgage
insurance programs authorized under
the National Housing Act (12 U.S.C.
1713 et seq.). The multifamily housing
programs are administered by FHA’s
Office of Multifamily Housing Programs.
The health care facilities and the
hospital insurance programs are
administered by FHA’s Office of
Healthcare Programs. The programs
E:\FR\FM\10APN1.SGM
10APN1
21581
Federal Register / Vol. 77, No. 69 / Tuesday, April 10, 2012 / Notices
administered by these offices are listed
separately on the chart.
III. Positive Credit Subsidy
Positive credit subsidy will no longer
be required for loans under any of the
active mortgage insurance programs for
multifamily housing or health care
facilities. Beginning on October 1, 2012,
commitments issued for Section 223(d)
operating loss loans for health care
facilities and Section 241(a)
supplemental loans to FHA-financed
multifamily housing will be reported
under the budget risk category of their
respective, primary FHA mortgages, all
of which will generate negative credit
subsidy in FY 2013. In addition, the
Department will suspend issuance and
reissuance commitments under two
other programs that had previously
required positive credit: Section
221(d)(3) multifamily housing loans for
projects with non-profit sponsors or for
Section 223(d) operating loss loans to
multifamily housing projects with a
primary FHA mortgage.
The mortgage insurance premiums to
be in effect for FHA firm commitments
issued or reissued in FY 2013 are shown
in the chart below.
FISCAL YEAR 2013 MIP RATES—MULTIFAMILY HOUSING, HEALTH CARE FACILITIES AND HOSPITAL INSURANCE PROGRAMS
Current
basis
points
FHA Apartments:
207 Multifamily Housing New Construction/Sub Rehab without LIHTC ..........................................................................
207 Multifamily Housing New Construction/Sub Rehab with LIHTC ...............................................................................
207 Manufactured Home Parks without LIHTC ...............................................................................................................
207 Manufactured Home Parks with LIHTC ....................................................................................................................
221(d)(3) New Construction/Substantial Rehabilitation (NC/SR) for Nonprofit/Cooperative mortgagor without LIHTC
221(d)(3) Limited dividend with LIHTC ............................................................................................................................
221(d)(4) NC/SR without LIHTC ......................................................................................................................................
221(d)(4) NC/SR with LIHTC ...........................................................................................................................................
220 Urban Renewal Housing without LIHTC ...................................................................................................................
220 Urban Renewal Housing with LIHTC ........................................................................................................................
213 Cooperative ...............................................................................................................................................................
207/223(f) Refinance or Purchase for Apartments without LIHTC ..................................................................................
207/223(f) Refinance or Purchase for Apartments with LIHTC .......................................................................................
223(a)(7) Refinance of Apartments without LIHTC ..........................................................................................................
223(a)(7) Refinance of Apartments with LIHTC ...............................................................................................................
223d Operating Loss Loan for Apartments ......................................................................................................................
231 Elderly Housing without LIHTC .................................................................................................................................
231 Elderly Housing with LIHTC ......................................................................................................................................
241(a) Supplemental Loans for Apartments/coop without LIHTC ...................................................................................
241(a) Supplemental Loans for Apartments/coop with LIHTC ........................................................................................
FHA Health Care Facilities (Nursing Homes, ALF & B&C):
232 NC/SR Health Care Facilities without LIHTC ...........................................................................................................
232 NC/SR—Assisted Living Facilities with LIHTC .........................................................................................................
232/223(f) Refinance for Health Care Facilities without LIHTC .......................................................................................
232/223(f) Refinance for Health Care Facilities with LIHTC ............................................................................................
223(a)(7) Refinance of Health Care Facilities without LIHTC .........................................................................................
223(a)(7) Refinance of Health Care Facilities with LIHTC ..............................................................................................
223d Operating Loss Loan for Health Care Facilities ......................................................................................................
241(a) Supplemental Loans for Health Care Facilities without LIHTC ............................................................................
241(a) Supplemental Loans for Health Care Facilities with LIHTC .................................................................................
FHA Hospitals:
242 Hospitals ....................................................................................................................................................................
223(a)(7) Refinance of Existing FHA-insured Hospital ....................................................................................................
223(f) Refinance or Purchase of Existing Non-FHA-insured Hospital .............................................................................
241(a) Supplemental Loans for Hospitals ........................................................................................................................
FY13
basis
points
50
45
50
45
80
45
45
45
50
45
50
* 45
* 45
45
45
80
50
45
80
45
70
45
70
45
N/A
45
65
45
70
45
70
* 60
* 45
50
45
N/A
70
45
95
45
57
45
* 50
* 45
50
45
80
57
45
77
45
* 65
* 45
55
45
95
72
45
50
50
50
50
70
55
65
65
* The first year MIP for the Section 207/223(f) loans for apartments is 100 basis (one percent) points for the first year, as specified in sections
24 CFR 207.252b(a). The first year MIP for a Section 232/223(f) health care facility remains at 100 basis points (one percent).
Dated: April 3, 2012.
Carol Galante,
Acting Assistant Secretary for Housing—
Federal Housing Commissioner.
[FR Doc. 2012–8570 Filed 4–9–12; 8:45 am]
srobinson on DSK4SPTVN1PROD with NOTICES
BILLING CODE 4210–67–P
DEPARTMENT OF THE INTERIOR
Bureau of Indian Affairs
Kootenai Tribe of Idaho: Chapter 11—
Alcohol Control Act
Bureau of Indian Affairs,
Interior.
ACTION: Notice.
AGENCY:
This notice publishes Chapter
11—Alcohol Control Act for the
Kootenai Tribe of Idaho. The Act
regulates and controls the possession,
sale and consumption of liquor within
SUMMARY:
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16:26 Apr 09, 2012
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the Kootenai Tribe of Idaho’s
Reservation. This Act allows for the
possession and sale of alcoholic
beverages within the jurisdiction of the
Kootenai Tribe of Idaho’s Reservation,
will increase the ability of the tribal
government to control the distribution
and possession of liquor within their
reservation, and at the same time will
provide an important source of revenue,
the strengthening of the tribal
government and the delivery of tribal
services.
E:\FR\FM\10APN1.SGM
10APN1
]]>Agencies
[Federal Register Volume 77, Number 69 (Tuesday, April 10, 2012)]
[Notices]
[Pages 21580-21581]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-8570]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5634-N-01]
Changes in Certain Multifamily Housing and Health Care Facility
Mortgage Insurance Premiums for Fiscal Year (FY) 2013
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: In accordance with HUD regulations, this notice announces
changes of the mortgage insurance premiums (MIPs) for certain Federal
Housing Administration (FHA) Multifamily Housing, Health Care
Facilities, and Hospital Mortgage Insurance programs for commitments to
be issued or reissued in FY 2013. The MIP for market-rate New
Construction/Substantial Rehabilitation loans under Sections 207, 213,
220, 221(d)(4), 231, 232, and 242 is proposed to increase by 20 basis
points and 223(a)(7) loans by 5 basis points; with a 15 basis point
increase for all other market-rate multifamily housing, health care
facility, and hospital loans. The increases will not apply to Low
Income Housing Tax Credit Loans, other affordable housing loans for
HUD-assisted properties, or loans insured under FHA's Risk Sharing
programs. These MIP increases will not only provide additional
protection for the GI/SRI fund and increase receipts to the Treasury,
but will also encourage private lending to return to the market by
ensuring FHA is not under-pricing its risk. In addition to announcing
MIPs for FY 2013, this notice also announces that a positive credit
subsidy obligation will not be required in FY 2013 for loans under any
of the active mortgage insurance programs for multifamily housing or
health care facilities.
DATES: Comment Due Date: May 10, 2012.
ADDRESSES: Interested persons are invited to submit comments regarding
this Notice to the Regulations Division, Office of General Counsel,
Department of Housing and Urban Development, 451 Seventh Street SW.,
Room 10276, Washington, DC 20410-0500. Interested persons also may
submit comments electronically through the Federal eRulemaking Portal
at: https://www.regulations.gov, referencing the docket number for this
Notice. Commenters should follow the instructions provided on that site
to submit comments electronically. HUD strongly encourages commenters
to submit their comments electronically through https://www.regulations.gov. The comments received through this portal are
posted and can be easily viewed.
Facsimile (Fax) comments are not acceptable. In all cases,
communications must refer to the docket number and title. All comments
and communications submitted will be available, without change, for
public inspection and copying between 8 a.m. and 5 p.m. weekdays at the
above address. Due to security measures at the HUD Headquarters
building, please schedule an appointment to review the public comments
by calling the Regulations Division at (202) 708-3055 (this is not a
toll-free number). Copies of electronically filed comments are also
available for inspection and downloading at https://www.regulations.gov.
FOR FURTHER INFORMATION CONTACT: Dan Sullivan, Acting Director, Office
of Multifamily Housing Development, Office of Housing, Department of
Housing and Urban Development, 451 7th Street SW., Washington, DC
20410-8000; telephone: 202-402-6130 (this is not a toll-free number).
Hearing- or speech-impaired individuals may access these numbers
through TTY by calling the Federal Relay Service at 800-877-8339 (this
is a toll-free number).
SUPPLEMENTARY INFORMATION:
I. Background
HUD's mortgage insurance regulation at 24 CFR 207.254 provides as
follows:
Notice of future premium changes will be published in the
Federal Register. The Department will propose MIP changes for
multifamily mortgage insurance programs and provide a 30-day public
comment period for the purpose of accepting comments on whether the
proposed changes are appropriate.
Pursuant to this 30-day comment procedure, this notice announces
changes for FY 2013 in the MIP for programs authorized under the
National Housing Act (the Act) (12 U.S.C. 1709(c)(1)). These changes
will not apply to loans combined with Low Income Housing Tax Credits,
other affordable housing loans for HUD-assisted properties, or loans
insured under FHA's Risk Sharing programs. ``Other affordable housing
loans for HUD-assisted properties'' include those for properties with
an active project-based Section 8 contract covering any of its units.
These changes will be effective and apply to any Firm Commitments
issued or reissued after October 1, 2012.
II. MIPs for FHA's Mortgage Insurance Programs for FY2013
In the chart set forth below, this Notice announces the MIPs which
will be in effect during FY 2013 for the multifamily housing, health
care facilities, and hospital mortgage insurance programs authorized
under the National Housing Act (12 U.S.C. 1713 et seq.). The
multifamily housing programs are administered by FHA's Office of
Multifamily Housing Programs. The health care facilities and the
hospital insurance programs are administered by FHA's Office of
Healthcare Programs. The programs
[[Page 21581]]
administered by these offices are listed separately on the chart.
III. Positive Credit Subsidy
Positive credit subsidy will no longer be required for loans under
any of the active mortgage insurance programs for multifamily housing
or health care facilities. Beginning on October 1, 2012, commitments
issued for Section 223(d) operating loss loans for health care
facilities and Section 241(a) supplemental loans to FHA-financed
multifamily housing will be reported under the budget risk category of
their respective, primary FHA mortgages, all of which will generate
negative credit subsidy in FY 2013. In addition, the Department will
suspend issuance and reissuance commitments under two other programs
that had previously required positive credit: Section 221(d)(3)
multifamily housing loans for projects with non-profit sponsors or for
Section 223(d) operating loss loans to multifamily housing projects
with a primary FHA mortgage.
The mortgage insurance premiums to be in effect for FHA firm
commitments issued or reissued in FY 2013 are shown in the chart below.
Fiscal Year 2013 MIP Rates--Multifamily Housing, Health Care Facilities
and Hospital Insurance Programs
------------------------------------------------------------------------
Current FY13
basis basis
points points
------------------------------------------------------------------------
FHA Apartments:
207 Multifamily Housing New Construction/Sub 50 70
Rehab without LIHTC..........................
207 Multifamily Housing New Construction/Sub 45 45
Rehab with LIHTC.............................
207 Manufactured Home Parks without LIHTC..... 50 70
207 Manufactured Home Parks with LIHTC........ 45 45
221(d)(3) New Construction/Substantial 80 N/A
Rehabilitation (NC/SR) for Nonprofit/
Cooperative mortgagor without LIHTC..........
221(d)(3) Limited dividend with LIHTC......... 45 45
221(d)(4) NC/SR without LIHTC................. 45 65
221(d)(4) NC/SR with LIHTC.................... 45 45
220 Urban Renewal Housing without LIHTC....... 50 70
220 Urban Renewal Housing with LIHTC.......... 45 45
213 Cooperative............................... 50 70
207/223(f) Refinance or Purchase for * 45 * 60
Apartments without LIHTC.....................
207/223(f) Refinance or Purchase for * 45 * 45
Apartments with LIHTC........................
223(a)(7) Refinance of Apartments without 45 50
LIHTC........................................
223(a)(7) Refinance of Apartments with LIHTC.. 45 45
223d Operating Loss Loan for Apartments....... 80 N/A
231 Elderly Housing without LIHTC............. 50 70
231 Elderly Housing with LIHTC................ 45 45
241(a) Supplemental Loans for Apartments/coop 80 95
without LIHTC................................
241(a) Supplemental Loans for Apartments/coop 45 45
with LIHTC...................................
FHA Health Care Facilities (Nursing Homes, ALF &
B&C):
232 NC/SR Health Care Facilities without LIHTC 57 77
232 NC/SR--Assisted Living Facilities with 45 45
LIHTC........................................
232/223(f) Refinance for Health Care * 50 * 65
Facilities without LIHTC.....................
232/223(f) Refinance for Health Care * 45 * 45
Facilities with LIHTC........................
223(a)(7) Refinance of Health Care Facilities 50 55
without LIHTC................................
223(a)(7) Refinance of Health Care Facilities 45 45
with LIHTC...................................
223d Operating Loss Loan for Health Care 80 95
Facilities...................................
241(a) Supplemental Loans for Health Care 57 72
Facilities without LIHTC.....................
241(a) Supplemental Loans for Health Care 45 45
Facilities with LIHTC........................
FHA Hospitals:
242 Hospitals................................. 50 70
223(a)(7) Refinance of Existing FHA-insured 50 55
Hospital.....................................
223(f) Refinance or Purchase of Existing Non- 50 65
FHA-insured Hospital.........................
241(a) Supplemental Loans for Hospitals....... 50 65
------------------------------------------------------------------------
* The first year MIP for the Section 207/223(f) loans for apartments is
100 basis (one percent) points for the first year, as specified in
sections 24 CFR 207.252b(a). The first year MIP for a Section 232/
223(f) health care facility remains at 100 basis points (one percent).
Dated: April 3, 2012.
Carol Galante,
Acting Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 2012-8570 Filed 4-9-12; 8:45 am]
BILLING CODE 4210-67-P
