Annual Indexing of Basic Statutory Mortgage Limits for Multifamily Housing Programs; Annual Indexing of Substantial Rehabilitation Threshold, 20900-20901 [2023-07344]
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Federal Register / Vol. 88, No. 67 / Friday, April 7, 2023 / Notices
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Dated: April 3, 2023.
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Seventh Coast Guard District.
[FR Doc. 2023–07367 Filed 4–6–23; 8:45 am]
BILLING CODE P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–6394–N–01]
Annual Indexing of Basic Statutory
Mortgage Limits for Multifamily
Housing Programs; Annual Indexing of
Substantial Rehabilitation Threshold
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
AGENCY:
In accordance with the
National Housing Act, HUD is providing
notice of adjustment to the Basic
Statutory Mortgage Limits for
Multifamily Housing Programs for
calendar year 2023. HUD is also
providing notice of adjustment to the
per unit cost threshold for determining
substantial rehabilitation in the
Multifamily Housing Programs pursuant
to its administrative guidance for
calendar year 2023.
DATES: Applicable January 1, 2023.
ddrumheller on DSK120RN23PROD with NOTICES1
SUMMARY:
VerDate Sep<11>2014
19:11 Apr 06, 2023
Jkt 259001
FOR FURTHER INFORMATION CONTACT:
Willie Fobbs III, Director, Office of
Multifamily Production, Department of
Housing and Urban Development, 451
Seventh Street SW, Washington, DC
20410–8000, telephone (202) 402–3242
(this is not a toll-free number). HUD
welcomes and is prepared to receive
calls from individuals who are deaf or
hard of hearing, as well as individuals
with speech or communication
disabilities. To learn more about how to
make an accessible telephone call,
please visit: https://www.fcc.gov/
consumers/guides/telecommunicationsrelay-service-trs.
SUPPLEMENTARY INFORMATION:
Section 206A of the National Housing
Act (12 U.S.C. 1712a) provides authority
for the annual adjustment for the
following FHA multifamily statutory
dollar limits:
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)).
Section 206A goes on to state that the
preceding ‘‘Dollar Amounts’’ shall be
adjusted annually (commencing in
2004) on the effective date of the
Federal Reserve Board’s adjustment of
the $400 figure in the Home Ownership
and Equity Protection Act of 1994
(HOEPA). 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 Federal
Reserve Board for purposes of the
above-described HOEPA adjustment.
(b) Notification
The Federal Reserve Board on a
timely basis shall notify the Secretary,
or his designee, in writing of the
adjustment described in subsection (a)
and of the effective date of such
adjustment to permit the Secretary to
undertake publication in the Federal
Register of corresponding adjustments
to the Dollar Amounts. The dollar
amount of any adjustment shall be
rounded to the next lower dollar.
Note that 206A has not been updated
to reflect the fact that HOEPA has been
revised to use $1,000 as the basis for the
adjustment rather than $400, and the
Consumer Finance Protection Bureau
has replaced the Federal Reserve Board
in administering the adjustment. These
PO 00000
Frm 00053
Fmt 4703
Sfmt 4703
changes were made by the Dodd-Frank
Wall Street Reform and Consumer
Protection Act’s amendments to the
Truth in Lending Act, as further
explained in the regulatory
implementation of said changes found
in 78 FR 6856, 6879 (Jan. 31, 2013).
The percentage change in the CPI–U
used for the HOEPA adjustment is an
8.3 percent increase and the effective
date of the HOEPA adjustment is
January 1, 2023. The Dollar Amounts
under section 206A have been adjusted
correspondingly and have an effective
date of January 1, 2023. (See 87 FR
78831, Dec. 23, 2022).
These revised statutory limits may be
applied to FHA multifamily mortgage
insurance applications submitted or
amended on or after January 1, 2023, so
long as the loan has not been initially
endorsed.
The adjusted Dollar Amounts for
calendar year 2023 are shown below.
Basic Statutory Mortgage Limits for
Calendar Year 2023 Multifamily Loan
Program
Section 207—Multifamily Housing;
Section 207 pursuant to Section 223(f)—
Purchase or Refinance Housing; and,
Section 220—Housing in Urban
Renewal Areas
Bedrooms
0 ................
1 ................
2 ................
3 ................
4+ ..............
Non-elevator
$61,944
68,618
81,964
101,027
114,373
Elevator
$72,252
80,058
98,166
122,948
139,021
Section 213—Cooperatives
Bedrooms
0 ................
1 ................
2 ................
3 ................
4+ ..............
Non-elevator
$67,130
77,404
93,351
119,491
133,122
Elevator
$71,480
80,984
98,477
127,399
139,848
Section 234—Condominium Housing
Bedrooms
0 ................
1 ................
2 ................
3 ................
4+ ..............
Non-elevator
$68,500
78,983
95,256
121,932
135,837
Elevator
$72,088
82,638
100,490
130,002
142,701
Section 221(d)(4)—Moderate Income
Housing
Bedrooms
0 ................
1 ................
2 ................
3 ................
4+ ..............
E:\FR\FM\07APN1.SGM
07APN1
Non-elevator
$61,646
69,980
84,589
106,172
119,973
Elevator
$66,591
76,340
92,831
120,090
131,826
Federal Register / Vol. 88, No. 67 / Friday, April 7, 2023 / Notices
Section 231—Housing for the Elderly
Bedrooms
0 ................
1 ................
2 ................
3 ................
4+ ..............
Non-elevator
$58,609
65,522
78,244
94,163
110,705
DEPARTMENT OF THE INTERIOR
Fish and Wildlife Service
Elevator
$66,591
76,340
92,831
120,090
131,826
Section 207—Manufactured Home Parks
Per Space—$28,437
Indexing of per Unit Limit for
Substantial Rehabilitation for Calendar
Year 2023
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
5.1.2.A.2.b of the 2020 MAP Guide
requires that this base amount be
annually adjusted for inflation based on
the percentage change published by the
Bureau of Labor Statistics of the
Department of Labor or other inflation
cost index. Applying the HOEPA
adjustment to the base amount, the 2023
base amount per dwelling unit to
determine substantial rehabilitation for
FHA insured loan programs is $18,392.
This per unit cost threshold for
substantial rehabilitation may be
applied to FHA multifamily mortgage
insurance applications submitted or
amended on or after January 1, 2023, so
long as the loan has not been initially
endorsed.
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).
Julia R. Gordon,
Assistant Secretary for Housing, Federal
Housing Commissioner.
[FR Doc. 2023–07344 Filed 4–6–23; 8:45 am]
ddrumheller on DSK120RN23PROD with NOTICES1
BILLING CODE 4210–67–P
VerDate Sep<11>2014
19:11 Apr 06, 2023
Jkt 259001
[FWS–R4–ES–2023–0048;
FXES11130400000EA–123–FF04EF1000]
Receipt of Incidental Take Permit
Application and Proposed Habitat
Conservation Plan for the Alabama
Beach Mouse, Baldwin County, AL;
Categorical Exclusion
Fish and Wildlife Service,
Interior.
ACTION: Notice of availability; request
for comment.
AGENCY:
We, the Fish and Wildlife
Service (Service), announce receipt of
an application from Sampath Srikanth
(applicant) for an incidental take permit
(ITP) under the Endangered Species Act.
The applicant requests the ITP to take
the federally listed Alabama beach
mouse (Peromyscus polionotus
ammobates) incidental to construction
on Fort Morgan Peninsula, Baldwin
County, Alabama. We request public
comment on the application, which
includes the applicant’s proposed
habitat conservation plan (HCP), and the
Service’s preliminary determination that
the proposed permitting action may be
eligible for a categorical exclusion
pursuant to the Council on
Environmental Quality’s National
Environmental Policy Act (NEPA)
regulations, the Department of the
Interior’s (DOI) NEPA regulations, and
the DOI Departmental Manual. To make
this preliminary determination, we
prepared a draft environmental action
statement and low-effect screening form,
both of which are also available for
public review. We invite comment from
the public and local, State, Tribal, and
Federal agencies.
DATES: We must receive your written
comments on or before May 8, 2023.
ADDRESSES: Obtaining Documents: You
may obtain copies of the documents
online in Docket No. FWS–R4–ES–
2023–0048 at https://
www.regulations.gov.
Submitting Comments: If you wish to
submit comments on any of the
documents, you may do so in writing by
any of the following methods:
• Online: https://
www.regulations.gov. Follow the
instructions for submitting comments
on Docket No. FWS–R4–ES–2023–0048.
• U.S. mail: Public Comments
Processing; Attn: Docket No. FWS–R4–
ES–2023–0048; U.S. Fish and Wildlife
Service; MS: PRB/3W; 5275 Leesburg
Pike; Falls Church, VA 22041–3803.
FOR FURTHER INFORMATION CONTACT: Mr.
William Lynn, Project Manager, by U.S.
SUMMARY:
PO 00000
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Sfmt 4703
20901
mail (see ADDRESSES), via telephone at
251–441–5868, or by email at william_
lynn@fws.gov. Individuals in the United
States who are deaf, deafblind, hard of
hearing, or have a speech disability may
dial 711 (TTY, TDD, or TeleBraille) to
access telecommunications relay
services. Individuals outside the United
States should use the relay services
offered within their country to make
international calls to the point-ofcontact in the United States.
SUPPLEMENTARY INFORMATION: We, the
Fish and Wildlife Service (Service),
announce receipt of an application from
Sampath Srikanth (applicant) for an
incidental take permit (ITP) under the
Endangered Species Act of 1973, as
amended (ESA; 16 U.S.C. 1531 et seq.).
The applicant requests the ITP to take
the federally endangered Alabama beach
mouse (ABM; Peromyscus polionotus
ammobates) incidental to the
construction of a single-family home
(project) on Fort Morgan Peninsula,
Baldwin County, Alabama. We request
public comment on the application,
which includes the applicant’s
proposed habitat conservation plan
(HCP), and the Service’s preliminary
determination that this proposed ITP
qualifies as ‘‘low effect,’’ and may
qualify for a categorical exclusion
pursuant to the Council on
Environmental Quality’s National
Environmental Policy Act (NEPA)
regulations (40 CFR 1501.4), the
Department of the Interior’s (DOI) NEPA
regulations (43 CFR 46), and the DOI’s
Departmental Manual (516 DM
8.5(C)(2)). To make this preliminary
determination, we prepared a draft
environmental action statement and
low-effect screening form, both of which
are also available for public review.
Proposed Project
The applicant requests a 25-year ITP
to take ABM by converting
approximately 0.079 acre (ac) of
occupied ABM foraging and sheltering
habitat incidental to the construction of
a single-family home located on a 0.492ac parcel within the Government
Subdivision #1, located on the central
portion of Fort Morgan Peninsula in
Baldwin County, Alabama. The
proposed use of the parcel will provide
for a compressed development footprint,
which allows for areas of contiguous
habitat to remain post development.
Landforms and vegetative communities
on the parcel consist of 0.418 ac of
secondary dune ABM habitat. The
applicant would impact 0.079 ac of the
occupied 0.418 ac of ABM habitat in
constructing the single-family home.
The remaining 0.34 ac of suitable
E:\FR\FM\07APN1.SGM
07APN1
]]>Agencies
[Federal Register Volume 88, Number 67 (Friday, April 7, 2023)]
[Notices]
[Pages 20900-20901]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-07344]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-6394-N-01]
Annual Indexing of Basic Statutory Mortgage Limits for
Multifamily Housing Programs; Annual Indexing of Substantial
Rehabilitation Threshold
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: In accordance with the National Housing Act, HUD is providing
notice of adjustment to the Basic Statutory Mortgage Limits for
Multifamily Housing Programs for calendar year 2023. HUD is also
providing notice of adjustment to the per unit cost threshold for
determining substantial rehabilitation in the Multifamily Housing
Programs pursuant to its administrative guidance for calendar year
2023.
DATES: Applicable January 1, 2023.
FOR FURTHER INFORMATION CONTACT: Willie Fobbs III, Director, Office of
Multifamily Production, Department of Housing and Urban Development,
451 Seventh Street SW, Washington, DC 20410-8000, telephone (202) 402-
3242 (this is not a toll-free number). HUD welcomes and is prepared to
receive calls from individuals who are deaf or hard of hearing, as well
as individuals with speech or communication disabilities. To learn more
about how to make an accessible telephone call, please visit: https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.
SUPPLEMENTARY INFORMATION:
Section 206A of the National Housing Act (12 U.S.C. 1712a) provides
authority for the annual adjustment for the following FHA multifamily
statutory dollar limits:
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)).
Section 206A goes on to state that the preceding ``Dollar Amounts''
shall be adjusted annually (commencing in 2004) on the effective date
of the Federal Reserve Board's adjustment of the $400 figure in the
Home Ownership and Equity Protection Act of 1994 (HOEPA). 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 Federal Reserve Board for purposes of the
above-described HOEPA adjustment.
(b) Notification
The Federal Reserve Board on a timely basis shall notify the
Secretary, or his designee, in writing of the adjustment described in
subsection (a) and of the effective date of such adjustment to permit
the Secretary to undertake publication in the Federal Register of
corresponding adjustments to the Dollar Amounts. The dollar amount of
any adjustment shall be rounded to the next lower dollar.
Note that 206A has not been updated to reflect the fact that HOEPA
has been revised to use $1,000 as the basis for the adjustment rather
than $400, and the Consumer Finance Protection Bureau has replaced the
Federal Reserve Board in administering the adjustment. These changes
were made by the Dodd-Frank Wall Street Reform and Consumer Protection
Act's amendments to the Truth in Lending Act, as further explained in
the regulatory implementation of said changes found in 78 FR 6856, 6879
(Jan. 31, 2013).
The percentage change in the CPI-U used for the HOEPA adjustment is
an 8.3 percent increase and the effective date of the HOEPA adjustment
is January 1, 2023. The Dollar Amounts under section 206A have been
adjusted correspondingly and have an effective date of January 1, 2023.
(See 87 FR 78831, Dec. 23, 2022).
These revised statutory limits may be applied to FHA multifamily
mortgage insurance applications submitted or amended on or after
January 1, 2023, so long as the loan has not been initially endorsed.
The adjusted Dollar Amounts for calendar year 2023 are shown below.
Basic Statutory Mortgage Limits for Calendar Year 2023 Multifamily Loan
Program
Section 207--Multifamily Housing;
Section 207 pursuant to Section 223(f)--Purchase or Refinance Housing;
and,
Section 220--Housing in Urban Renewal Areas
------------------------------------------------------------------------
Bedrooms Non-elevator Elevator
------------------------------------------------------------------------
0....................................... $61,944 $72,252
1....................................... 68,618 80,058
2....................................... 81,964 98,166
3....................................... 101,027 122,948
4+...................................... 114,373 139,021
------------------------------------------------------------------------
Section 213--Cooperatives
------------------------------------------------------------------------
Bedrooms Non-elevator Elevator
------------------------------------------------------------------------
0....................................... $67,130 $71,480
1....................................... 77,404 80,984
2....................................... 93,351 98,477
3....................................... 119,491 127,399
4+...................................... 133,122 139,848
------------------------------------------------------------------------
Section 234--Condominium Housing
------------------------------------------------------------------------
Bedrooms Non-elevator Elevator
------------------------------------------------------------------------
0....................................... $68,500 $72,088
1....................................... 78,983 82,638
2....................................... 95,256 100,490
3....................................... 121,932 130,002
4+...................................... 135,837 142,701
------------------------------------------------------------------------
Section 221(d)(4)--Moderate Income Housing
------------------------------------------------------------------------
Bedrooms Non-elevator Elevator
------------------------------------------------------------------------
0....................................... $61,646 $66,591
1....................................... 69,980 76,340
2....................................... 84,589 92,831
3....................................... 106,172 120,090
4+...................................... 119,973 131,826
------------------------------------------------------------------------
[[Page 20901]]
Section 231--Housing for the Elderly
------------------------------------------------------------------------
Bedrooms Non-elevator Elevator
------------------------------------------------------------------------
0....................................... $58,609 $66,591
1....................................... 65,522 76,340
2....................................... 78,244 92,831
3....................................... 94,163 120,090
4+...................................... 110,705 131,826
------------------------------------------------------------------------
Section 207--Manufactured Home Parks
Per Space--$28,437
Indexing of per Unit Limit for Substantial Rehabilitation for Calendar
Year 2023
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 5.1.2.A.2.b of the 2020 MAP
Guide requires that this base amount be annually adjusted for inflation
based on the percentage change published by the Bureau of Labor
Statistics of the Department of Labor or other inflation cost index.
Applying the HOEPA adjustment to the base amount, the 2023 base amount
per dwelling unit to determine substantial rehabilitation for FHA
insured loan programs is $18,392.
This per unit cost threshold for substantial rehabilitation may be
applied to FHA multifamily mortgage insurance applications submitted or
amended on or after January 1, 2023, so long as the loan has not been
initially endorsed.
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).
Julia R. Gordon,
Assistant Secretary for Housing, Federal Housing Commissioner.
[FR Doc. 2023-07344 Filed 4-6-23; 8:45 am]
BILLING CODE 4210-67-P
