Annual Indexing of Basic Statutory Mortgage Limits for Multifamily Housing Programs, 34460-34461 [2020-12084]
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34460
Federal Register / Vol. 85, No. 108 / Thursday, June 4, 2020 / Notices
Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
Control Number and should be sent to:
Colette Pollard, Reports Management
Officer, QDAM, Department of Housing
and Urban Development, 451 7th Street
SW, Room 4176, Washington, DC
20410–5000; telephone 202–402–3400
(this is not a toll-free number) or email
at Colette.Pollard@hud.gov for a copy of
the proposed forms or other available
information. Persons with hearing or
speech impairments may access this
number through TTY by calling the tollfree Federal Relay Service at (800) 877–
8339.
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, QDAM, Department of Housing
and Urban Development, 451 7th Street
SW, Washington, DC 20410; email
Colette Pollard at Colette.Pollard@
hud.gov or telephone 202–402–3400.
This is not a toll-free number. Persons
with hearing or speech impairments
may access this number through TTY by
calling the toll-free Federal Relay
Service at (800) 877–8339.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD is
seeking approval from OMB for the
information collection described in
Section A.
ADDRESSES:
khammond on DSKJM1Z7X2PROD with NOTICES
A. Overview of Information Collection
Title of Information Collection:
Housing Finance Agency Risk-Sharing
Program.
OMB Approval Number: 2502–0500.
OMB Expiration Date: 4/30/2020.
Type of Request: Revision of a
currently approved collection.
Form Numbers: HUD–94192, HUD–
94193, HUD–94194, HUD–94195, HUD–
94196.
Description of the need for the
information and proposed use: Section
542 of the Housing and Community
Development Act of 1992 directs the
Secretary to implement risk sharing
with State and local housing finance
agencies (HFAs). Under this program,
HUD provides full mortgage insurance
on multifamily housing projects whose
loans are underwritten, processed, and
serviced by HFAs. The HFAs will
reimburse HUD a certain percentage of
any loss under an insured loan
depending upon the level of risk the
HFA contracts to assume.
Respondents (i.e., affected public):
Business and other for profit.
Estimated Number of Respondents:
6,530.
Estimated Number of Responses:
22,374.
VerDate Sep<11>2014
17:24 Jun 03, 2020
Jkt 250001
Frequency of Response: Annually,
semi-annually, and on-occasion.
Average Hours per Response: 1 hour
to 40 hours.
Total Estimated Burden: 43,023.
B. Solicitation of Public Comment
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in Section A on
the following:
(1) 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) The accuracy of the agency’s
estimate of the burden of the proposed
collection of information;
(3) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(4) Ways to 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.
HUD encourages interested parties to
submit comment in response to these
questions.
Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35.
The General Deputy Assistant
Secretary for Housing, John L. Garvin,
having reviewed and approved this
document, is delegating the authority to
electronically sign this document to
submitter, Nacheshia Foxx, who is the
Federal Register Liaison for HUD, for
purposes of publication in the Federal
Register.
Mortgage Limits for Multifamily
Housing Programs for Calendar Year
2020.
DATES: Applicable Date: January 1,
2020.
FOR FURTHER INFORMATION CONTACT:
Patricia M. Burke, Acting Director,
Office of Multifamily Development,
Department of Housing and Urban
Development, 451 Seventh Street SW,
Washington, DC 20410–8000, telephone
(202) 402–5693 (this is not a toll-free
number). Hearing or speech-impaired
individuals may access this number
through TTY by calling Federal Relay
Service at (800) 877–8339 (this is a tollfree number).
SUPPLEMENTARY INFORMATION: The FHA
Down Payment Simplification Act of
2002 (Pub. L. 107–326, approved
December 4, 2002) amended the
National Housing Act by adding a new
Section 206A (12 U.S.C. 1712a). Under
Section 206A, the following are affected:
I. Section 207(c)(3)(A) (12 U.S.C.
1713(c)(3)(A));
II. Section 213(b)(2)(A) (12 U.S.C.
1715e(b)(2)(A));
III. Section 220(d)(3)(B)(iii)(I) (12 U.S.C.
1715k(d)(3)(B)(iii)(I));
IV. Section 221(d)(4)(ii)(I) (12 U.S.C.
1715l(d)(4)(ii)(I));
V. Section 231(c)(2)(A) (12 U.S.C.
1715v(c)(2)(A)); and
VI. Section 234(e)(3)(A) (12 U.S.C.
1715y(e)(3)(A)).
The Dollar Amounts in these sections
are the base per unit statutory limits for
Federal Housing Administration’s
(FHA) multifamily mortgage programs
collectively referred to as the ‘Dollar
Amounts.’ They are adjusted annually
(commencing in 2004) on the effective
date of the Consumer Financial
Protection Bureau’s (CFPB’s) adjustment
Dated: June 1, 2020.
of the $400 figure in the Home
Nacheshia Foxx,
Federal Liaison for the Department of Housing Ownership and Equity Protection Act of
1994 (HOEPA) (Pub. L. 103–325,
and Urban Development.
approved September 23, 1994). The
[FR Doc. 2020–12076 Filed 6–3–20; 8:45 am]
adjustment of the Dollar Amounts shall
BILLING CODE 4210–67–P
be calculated using the percentage
change in the Consumer Price Index for
All Urban Consumers (CPI–U) as
DEPARTMENT OF HOUSING AND
applied by the CFPB for purposes of the
URBAN DEVELOPMENT
above-described HOEPA adjustment.
[Docket No. FR–6212–N–01]
The percentage change in the CPI–U
used for the HOEPA adjustment is 2.3
Annual Indexing of Basic Statutory
percent and the effective date of the
Mortgage Limits for Multifamily
HOEPA adjustment is January 1, 2020.
Housing Programs
The Dollar Amounts under Section
206A have been adjusted
AGENCY: Office of the Assistant
Secretary for Housing—Federal Housing correspondingly and have an effective
date of January 1, 2020.
Commissioner, HUD.
These revised statutory limits, high
ACTION: Notice.
cost areas and per unit cost thresholds
for substantial rehabilitation may be
SUMMARY: In accordance with Section
206A of the National Housing Act, HUD applied to FHA multifamily mortgage
insurance applications submitted or
has adjusted the Basic Statutory
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Federal Register / Vol. 85, No. 108 / Thursday, June 4, 2020 / Notices
amended on or after January 1, 2020, so
long as the loan has not been initially
endorsed.
The adjusted Dollar Amounts for
Calendar Year 2020 are shown below:
Basic Statutory Mortgage Limits for
Calendar Year 2020
Multifamily Loan Program
Section 207—Multifamily Housing
Section 207 pursuant to Section 223(f)—
Purchase or Refinance Housing
Section 220—Housing in Urban
Renewal Areas
Bedrooms
0 ................
1 ................
2 ................
3 ................
4+ ..............
Non-elevator
$54,892
60,807
72,633
89,525
101,352
Section 213—Cooperatives
Bedrooms
0 ................
1 ................
2 ................
3 ................
4+ ..............
Non-elevator
$59,488
68,592
82,723
105,887
117,966
base amount of $15,000 per unit to
define substantial rehabilitation for FHA
insured loan programs. Section 5.1.D.2
of the MAP guide requires that this base
amount be adjusted periodically based
on the percentage change published by
the CFPB or other inflation cost index
published by HUD. Applying the
HOEPA adjustment to the base amount,
the 2020 base amount per dwelling unit
to determine substantial rehabilitation
for FHA insured loan programs is
$16,299.
Environmental Impact
This issuance establishes mortgage
and cost limits that do not constitute a
development decision affecting the
$64,026 physical condition of specific project
70,944 areas or building sites. Accordingly,
86,990
under 24 CFR 50.19(c)(6), this notice is
108,951
123,193 categorically excluded from
environmental review under the
National Environmental Policy Act of
1969 (42 U.S.C. 4321).
Elevator
Elevator
$63,342
71,764
87,265
112,895
123,927
Dated: June 1, 2020.
John Garvin,
General Deputy Assistant Secretary for
Housing.
[FR Doc. 2020–12084 Filed 6–3–20; 8:45 am]
BILLING CODE 4210–67–P
0 ................
1 ................
2 ................
3 ................
4+ ..............
Non-elevator
$60,702
69,991
84,411
108,050
120,372
DEPARTMENT OF THE INTERIOR
Elevator
$63,881
73,230
89,049
115,201
126,454
Fish and Wildlife Service
0 ................
1 ................
2 ................
3 ................
4+ ..............
Non-elevator
$54,628
62,013
74,959
94,085
106,314
Endangered and Threatened Species;
Incidental Take Permit Application and
Habitat Conservation Plan for the
Proposed Rooney Ranch Wind
Elevator
Repowering Project, Alameda County,
California; Availability of Draft
$59,010 Environmental Assessment;
67,649
Correction
82,262
106,418
116,817
Section 231—Housing for the Elderly
Bedrooms
khammond on DSKJM1Z7X2PROD with NOTICES
0 ................
1 ................
2 ................
3 ................
4+ ..............
Non-elevator
$51,937
58,063
69,336
83,443
98,101
Elevator
$59,010
67,649
82,262
106,418
116,817
Section 207—Manufactured Home Parks
Per Space—$25,200
Per Unit Limit for Substantial
Rehabilitation for Calendar Year 2020
The 2016 Multifamily Accelerated
Processing (MAP) Guide established a
VerDate Sep<11>2014
17:24 Jun 03, 2020
Jkt 250001
Correction
In notice document 2019–26478,
appearing at 85 FR 32044 in the issue
of Wednesday, May 28, 2020, make the
following correction: On page 32044,
the DATES caption should read as
follows:
DATES: To ensure consideration, please
send your written comments by June 29,
2020.
Sara Prigan,
Federal Register Liaison.
[FR Doc. 2020–12088 Filed 6–3–20; 8:45 am]
BILLING CODE 4333–15–P
DEPARTMENT OF THE INTERIOR
Fish and Wildlife Service
[Docket No. FWS–R3–ES–2020–0046;
FXES11140300000–201–FF03E00000]
Draft Environmental Assessment and
Draft Habitat Conservation Plan;
Receipt of an Application for an
Incidental Take Permit, Hog Creek
Wind Project, Hardin County, Ohio
Fish and Wildlife Service,
Interior.
ACTION: Notice of availability; request
for comments.
We, the U.S. Fish and
Wildlife Service, have received an
application from Hog Creek Wind
Project, LLC (the applicant), for an
incidental take permit (ITP) under the
Endangered Species Act of 1973, as
amended, for the Hog Creek Wind Farm
Project. If approved, the ITP would
authorize the incidental take of the
Indiana bat and the northern long-eared
bat for a 30-year term. The applicant has
prepared a draft habitat conservation
plan, which is available for public
review. We also announce the
availability of a draft environmental
assessment, which has been prepared in
accordance with the requirements of the
National Environmental Policy Act. We
request public comment on the
application and associated documents.
DATES: We will accept comments
received or postmarked on or before July
6, 2020.
ADDRESSES: Obtaining documents:
Electronic copies of the documents this
notice announces will be available
online in Docket No. FWS–R3–ES–
2020–0046 at https://
www.regulations.gov. Public comments
will also be available online at https://
www.regulations.gov.
SUMMARY:
[Docket No. FWS–R8–ES–2019–0116;
FXES11140900000–190–FF08E00000]
Section 221(d)(4)—Moderate Income
Housing
Bedrooms
deaf, please call the Federal Information
Relay Service at 800–877–8339.
SUPPLEMENTARY INFORMATION:
AGENCY:
Section 234—Condominium Housing
Bedrooms
34461
Fish and Wildlife Service,
Interior.
ACTION: Notice of receipt of permit
application; request for comments;
correction.
AGENCY:
We, the U.S. Fish and
Wildlife Service, published a document
in the May 28, 2020, Federal Register
that announced the availability of a
proposed habitat conservation plan and
a draft environmental impact statement
for public comment. The public
comment period end date in the DATES
section of the notice was incorrect. The
correct date is June 29, 2020.
FOR FURTHER INFORMATION CONTACT:
Claudia Funari, 916–414–6600. If you
use a telecommunications device for the
SUMMARY:
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]]>Agencies
[Federal Register Volume 85, Number 108 (Thursday, June 4, 2020)]
[Notices]
[Pages 34460-34461]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12084]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-6212-N-01]
Annual Indexing of Basic Statutory Mortgage Limits for
Multifamily Housing Programs
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: In accordance with Section 206A of the National Housing Act,
HUD has adjusted the Basic Statutory Mortgage Limits for Multifamily
Housing Programs for Calendar Year 2020.
DATES: Applicable Date: January 1, 2020.
FOR FURTHER INFORMATION CONTACT: Patricia M. Burke, Acting Director,
Office of Multifamily Development, Department of Housing and Urban
Development, 451 Seventh Street SW, Washington, DC 20410-8000,
telephone (202) 402-5693 (this is not a toll-free number). Hearing or
speech-impaired individuals may access this number through TTY by
calling Federal Relay Service at (800) 877-8339 (this is a toll-free
number).
SUPPLEMENTARY INFORMATION: The FHA Down Payment Simplification Act of
2002 (Pub. L. 107-326, approved December 4, 2002) amended the National
Housing Act by adding a new Section 206A (12 U.S.C. 1712a). Under
Section 206A, the following are affected:
I. Section 207(c)(3)(A) (12 U.S.C. 1713(c)(3)(A));
II. Section 213(b)(2)(A) (12 U.S.C. 1715e(b)(2)(A));
III. Section 220(d)(3)(B)(iii)(I) (12 U.S.C.
1715k(d)(3)(B)(iii)(I));
IV. Section 221(d)(4)(ii)(I) (12 U.S.C. 1715l(d)(4)(ii)(I));
V. Section 231(c)(2)(A) (12 U.S.C. 1715v(c)(2)(A)); and
VI. Section 234(e)(3)(A) (12 U.S.C. 1715y(e)(3)(A)).
The Dollar Amounts in these sections are the base per unit
statutory limits for Federal Housing Administration's (FHA) multifamily
mortgage programs collectively referred to as the `Dollar Amounts.'
They are adjusted annually (commencing in 2004) on the effective date
of the Consumer Financial Protection Bureau's (CFPB's) adjustment of
the $400 figure in the Home Ownership and Equity Protection Act of 1994
(HOEPA) (Pub. L. 103-325, approved September 23, 1994). The adjustment
of the Dollar Amounts shall be calculated using the percentage change
in the Consumer Price Index for All Urban Consumers (CPI-U) as applied
by the CFPB for purposes of the above-described HOEPA adjustment.
The percentage change in the CPI-U used for the HOEPA adjustment is
2.3 percent and the effective date of the HOEPA adjustment is January
1, 2020. The Dollar Amounts under Section 206A have been adjusted
correspondingly and have an effective date of January 1, 2020.
These revised statutory limits, high cost areas and per unit cost
thresholds for substantial rehabilitation may be applied to FHA
multifamily mortgage insurance applications submitted or
[[Page 34461]]
amended on or after January 1, 2020, so long as the loan has not been
initially endorsed.
The adjusted Dollar Amounts for Calendar Year 2020 are shown below:
Basic Statutory Mortgage Limits for Calendar Year 2020
Multifamily Loan Program
Section 207--Multifamily Housing
Section 207 pursuant to Section 223(f)--Purchase or Refinance Housing
Section 220--Housing in Urban Renewal Areas
------------------------------------------------------------------------
Bedrooms Non-elevator Elevator
------------------------------------------------------------------------
0....................................... $54,892 $64,026
1....................................... 60,807 70,944
2....................................... 72,633 86,990
3....................................... 89,525 108,951
4+...................................... 101,352 123,193
------------------------------------------------------------------------
Section 213--Cooperatives
------------------------------------------------------------------------
Bedrooms Non-elevator Elevator
------------------------------------------------------------------------
0....................................... $59,488 $63,342
1....................................... 68,592 71,764
2....................................... 82,723 87,265
3....................................... 105,887 112,895
4+...................................... 117,966 123,927
------------------------------------------------------------------------
Section 234--Condominium Housing
------------------------------------------------------------------------
Bedrooms Non-elevator Elevator
------------------------------------------------------------------------
0....................................... $60,702 $63,881
1....................................... 69,991 73,230
2....................................... 84,411 89,049
3....................................... 108,050 115,201
4+...................................... 120,372 126,454
------------------------------------------------------------------------
Section 221(d)(4)--Moderate Income Housing
------------------------------------------------------------------------
Bedrooms Non-elevator Elevator
------------------------------------------------------------------------
0....................................... $54,628 $59,010
1....................................... 62,013 67,649
2....................................... 74,959 82,262
3....................................... 94,085 106,418
4+...................................... 106,314 116,817
------------------------------------------------------------------------
Section 231--Housing for the Elderly
------------------------------------------------------------------------
Bedrooms Non-elevator Elevator
------------------------------------------------------------------------
0....................................... $51,937 $59,010
1....................................... 58,063 67,649
2....................................... 69,336 82,262
3....................................... 83,443 106,418
4+...................................... 98,101 116,817
------------------------------------------------------------------------
Section 207--Manufactured Home Parks
Per Space--$25,200
Per Unit Limit for Substantial Rehabilitation for Calendar Year 2020
The 2016 Multifamily Accelerated Processing (MAP) Guide established
a base amount of $15,000 per unit to define substantial rehabilitation
for FHA insured loan programs. Section 5.1.D.2 of the MAP guide
requires that this base amount be adjusted periodically based on the
percentage change published by the CFPB or other inflation cost index
published by HUD. Applying the HOEPA adjustment to the base amount, the
2020 base amount per dwelling unit to determine substantial
rehabilitation for FHA insured loan programs is $16,299.
Environmental Impact
This issuance establishes mortgage and cost limits that do not
constitute a development decision affecting the physical condition of
specific project areas or building sites. Accordingly, under 24 CFR
50.19(c)(6), this notice is categorically excluded from environmental
review under the National Environmental Policy Act of 1969 (42 U.S.C.
4321).
Dated: June 1, 2020.
John Garvin,
General Deputy Assistant Secretary for Housing.
[FR Doc. 2020-12084 Filed 6-3-20; 8:45 am]
BILLING CODE 4210-67-P
