Changes in Certain Multifamily Housing and Health Care Facility Mortgage Insurance Premiums for Fiscal Year (FY) 2013, 21580-21581 [2012-8570]

Download as PDF 21580 Federal Register / Vol. 77, No. 69 / Tuesday, April 10, 2012 / Notices are to respond, including the use of appropriate automated, electronic, mechanical, or other technological techniques or other forms of information. Title: Transfer of Cargo to a Container Station. OMB Number: 1651–0096. Form Number: None. Abstract: Before the filing of an entry of merchandise, for the purpose of breaking bulk and redelivery of the cargo, containerized cargo may be moved from the place of unlading or may be received directly at the container station from a bonded carrier after transportation in-bond. This also applies to loose cargo as part of containerized cargo. In accordance with 19 CFR 19.42, the container station operator may make a request for the transfer of a container to the station by submitting to CBP an abstract of the manifest for the transferred containers including the bill of lading number, marks, numbers, description of the contents and consignee. Current Actions: CBP proposes to extend the expiration date of this information collection with no change to the burden hours or to the information collected. Type of Review: Extension (without change). Affected Public: Businesses. Estimated Number of Respondents: 14,327. Estimated Number of Annual Responses per Respondent: 25. Estimated Total Annual Responses: 358,175. Estimated Time per Response: 7 minutes. Estimated Total Annual Burden Hours: 41,548. Dated: April 4, 2012. Tracey Denning, Agency Clearance Officer, U.S. Customs and Border Protection. [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: VerDate Mar<15>2010 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: VerDate Mar<15>2010 16:26 Apr 09, 2012 Jkt 226001 PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 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

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[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]


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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
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