Annual Indexing of Basic Statutory Mortgage Limits for Multifamily Housing Programs, 107155-107156 [2024-31184]

Download as PDF Federal Register / Vol. 89, No. 250 / Tuesday, December 31, 2024 / Notices Comments that include protected information such as trade secrets, confidential commercial or financial information, Chemical-terrorism Vulnerability Information (CVI),1 Sensitive Security Information (SSI),2 or Protected Critical Infrastructure Information (PCII) 3 should not be submitted to the public docket. Comments containing protected information should be appropriately marked and packaged in accordance with all applicable requirements and submission must be coordinated with the point of contact for this notice provided in the FOR FURTHER INFORMATION CONTACT section. FOR FURTHER INFORMATION CONTACT: Annie Hunziker Boyer, 703–603–5000, CISARegulations@mail.cisa.dhs.gov. SUPPLEMENTARY INFORMATION: Congress established the Cybersecurity and Infrastructure Security Agency (CISA) in the Cybersecurity and Infrastructure Security Act of 2018, Public Law 115– 278 (2018). As part of CISA’s responsibilities, Congress authorized CISA to provide analyses, expertise, and other assistance to critical infrastructure owners and operators upon request. 6 U.S.C. 652(c)(5). CISA serves as Sector Risk Management Agency (SRMA) for the Chemical Sector. CISA has established ChemLock, which is voluntary program for facilities that possess dangerous chemicals. This ICR consolidates and clarifies CISA collection of information in support of ChemLock. While some ChemLock services are currently available leveraging other approved information collections, this ICR when approved, will allow for an additional ChemLock service. CISA proposes three instruments within this information collection: (1) ChemLock Request for Services; (2) ChemLock Service Registration and Preparation; and (3) ChemLock Service Feedback. khammond on DSK9W7S144PROD with NOTICES ChemLock Program Request for Services This instrument collects basic contact information from individuals requesting a ChemLock service such as: (a) security consultations; (b) technical consultations, (c) onsite assessments and assistance, (d) exercises and drills, (e) training courses, (f) access to other 1 For more information about CVI see 6 CFR 27.400 and the CVI Procedural Manual at www.dhs.gov/publication/safeguarding-cvi-manual. 2 For more information about SSI see 49 CFR part 1520 and the SSI Program web page at www.tsa.gov/ for-industry/sensitive-security-information. 3 For more information about PCII see 6 CFR part 29 and the PCII Program web page at www.dhs.gov/ pcii-program. VerDate Sep<11>2014 18:31 Dec 30, 2024 Jkt 265001 tailored resources, and (g) risk assessments. In addition, the instrument will collect facility identifying information, facility description information, and information about the chemicals present at the facility. ChemLock Service Registration and Preparation This instrument collected information to enable the ChemLock services which need additional information to be performed. The ChemLock services which need additional information to be performed are security consultations, onsite assessments and assistance, and risk assessments. ChemLock Service Feedback Collection This instrument will collect information related to feedback about ChemLock related services such as: which ChemLock service was provided and when, program outcomes, satisfaction, and performance of the staff involved in providing the ChemLock service. ANALYSIS Agency: Cybersecurity and Infrastructure Security Agency (CISA), Department of Homeland Security (DHS). Title of Collection: ChemLock. OMB Control Number: 1670–NEW. Instrument: ChemLock Program Request for Services. Frequency: ‘‘On occasion’’ and ‘‘Other.’’ Affected Public: State, local, Tribal, and Territorial governments and private sector individuals. Number of Respondents: 450 respondents (estimate). Estimated Time per Respondent: 0.25 hour. Total Annual Burden Hours: 112.50 hours. Total Annual Burden Cost: $10,838.06. Total Annual Burden Cost (capital/ startup): $0. Total Recordkeeping Burden: $0. Instrument: ChemLock Service Registration and Preparation. Frequency: ‘‘On occasion’’ and ‘‘Other.’’ Affected Public: State, local, Tribal, and Territorial governments and private sector. Number of Respondents: 300 (estimate). Estimated Time per Respondent: 3.17 hours. Total Annual Burden Hours: 952 hours. Total Annual Burden Cost: $91,714.10. Total Annual Burden Cost (capital/ startup): $0. PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 107155 Total Recordkeeping Burden: $0. Instrument: ChemLock Service Feedback. Frequency: ‘‘On occasion’’ and ‘‘Other.’’ Affected Public: State, local, Tribal, and Territorial governments and private sector. Number of Respondents: 225 (estimate). Estimated Time per Respondent: 0.25 hour. Total Annual Burden Hours: 56.26 hours. Total Annual Burden Cost: $5,419.03. Total Annual Burden Cost (capital/ startup): $0. Total Recordkeeping Burden: $0. Robert J. Costello, Chief Information Officer, Department of Homeland Security, Cybersecurity and Infrastructure Security Agency. [FR Doc. 2024–31370 Filed 12–30–24; 8:45 am] BILLING CODE 9111–LF–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–6510–N–01] Annual Indexing of Basic Statutory Mortgage Limits for Multifamily Housing Programs Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice. AGENCY: In accordance with section 206A of the National Housing Act, HUD is providing notice of adjustment to the Basic Statutory Mortgage Limits for Multifamily Housing Programs for Calendar Year 2025. DATES: Adjustment applicable January 1, 2025. FOR FURTHER INFORMATION CONTACT: Margaret Lawrence, Deputy Director, Office of Multifamily Production, Department of Housing and Urban Development, 451 Seventh Street SW, Washington, DC 20410–8000, telephone (202) 431–7397 (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: SUMMARY: E:\FR\FM\31DEN1.SGM 31DEN1 khammond on DSK9W7S144PROD with NOTICES 107156 Federal Register / Vol. 89, No. 250 / Tuesday, December 31, 2024 / Notices 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)(3)(ii)(I) (12 U.S.C. 1715l(d)(3)(ii)(I)); V. Section 221(d)(4)(ii)(I) (12 U.S.C. 1715l(d)(4)(ii)(I)); VI. Section 231(c)(2)(A) (12 U.S.C. 1715v(c)(2)(A)); and VII. Section 234(e)(3)(A) (12 U.S.C. 1715y(e)(3)(A)). Section 206A goes on to state that the preceding (a) ‘‘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 in order 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 a 3.4 percent increase and the effective date of the HOEPA adjustment is January 1, 2025. The Dollar Amounts under Section 206A have been adjusted correspondingly and have an effective date of January 1, 2025. (see 89 FR 95080, Dec. 2, 2024). These revised statutory limits may be applied to FHA multifamily mortgage insurance applications submitted or amended on or after January 1, 2025, so long as the loan has not been initially endorsed. VerDate Sep<11>2014 18:31 Dec 30, 2024 Jkt 265001 The adjusted Dollar Amounts for Calendar Year 2025 are shown below. National Environmental Policy Act of 1969 (42 U.S.C. 4321). Basic Statutory Mortgage Limits for Calendar Year 2025 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 Jeffrey D. Little, General Deputy Assistant Secretary for Housing. Bedrooms 0 ................ 1 ................ 2 ................ 3 ................ 4+ .............. Non-elevator $67,188 74,427 88,903 109,580 124,056 Section 213—Cooperatives Bedrooms 0 ................ 1 ................ 2 ................ 3 ................ 4+ .............. Non-elevator $72,813 83,956 101,254 129,607 144,391 Elevator 0 ................ 1 ................ 2 ................ 3 ................ 4+ .............. Non-elevator $74,299 85,670 103,320 132,254 147,337 0 ................ 1 ................ 2 ................ 3 ................ 4+ .............. Non-elevator $66,864 75,904 91,749 115,160 130,129 0 ................ 1 ................ 2 ................ 3 ................ 4+ .............. Non-elevator $63,570 71,068 84,867 102,134 120,077 106,814 138,184 151,687 AGENCY: Elevator $78,191 89,634 108,998 141,008 154,782 Elevator $72,228 82,802 100,689 130,257 142,986 Elevator $72,228 82,802 100,689 130,257 142,986 Section 207—Manufactured Home Parks per Space—$30,844 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 PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 Bureau of Land Management BLM Director’s Response to the Montana Governor’s Appeal of the BLM Montana/Dakotas State Director’s Governor’s Consistency Review Determination for the Miles City Field Office Proposed Resource Elevator Management Plan Amendment and Final Supplemental Environmental $77,531 Impact Statement 87,840 Section 231—Housing for the Elderly Bedrooms DEPARTMENT OF THE INTERIOR [PO# 4820000251] Section 221(d)(4)—Moderate Income Housing Bedrooms BILLING CODE 4210–67–P $78,368 86,835 106,477 133,357 150,791 Section 234—Condominium Housing Bedrooms [FR Doc. 2024–31184 Filed 12–30–24; 8:45 am] Bureau of Land Management, Interior. ACTION: Notice of response. The Bureau of Land Management (BLM) is publishing this notice of the reasons for the BLM Director’s determination to reject the Governor of Montana’s recommendations regarding the Miles City Field Office Proposed Resource Management Plan Amendment (RMPA) and Final Supplemental Environmental Impact Statement (Final SEIS). ADDRESSES: A copy of the Record of Decision and Approved RMPA for the Miles City Field Office RMPA/Final SEIS is available on the BLM website at: https://eplanning.blm.gov/eplanning-ui/ project/2021155/570. FOR FURTHER INFORMATION CONTACT: Heather Bernier, Division Chief for Decision Support, Planning, and National Environmental Policy Act; telephone 303–239–3635; address P.O. Box 151029, Lakewood, CO 80215; email hbernier@blm.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 for contacting Ms. Bernier. Individuals outside the United States should use the relay services offered within their country to make international calls to the point-of-contact in the United States. SUMMARY: On May 17, 2024, the BLM released the Proposed RMPA/Final SEIS for the Miles City Field Office planning effort (89 FR 43432). In accordance with the SUPPLEMENTARY INFORMATION: E:\FR\FM\31DEN1.SGM 31DEN1

Agencies

[Federal Register Volume 89, Number 250 (Tuesday, December 31, 2024)]
[Notices]
[Pages 107155-107156]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-31184]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6510-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 is providing notice of adjustment to the Basic Statutory Mortgage 
Limits for Multifamily Housing Programs for Calendar Year 2025.

DATES: Adjustment applicable January 1, 2025.

FOR FURTHER INFORMATION CONTACT: Margaret Lawrence, Deputy Director, 
Office of Multifamily Production, Department of Housing and Urban 
Development, 451 Seventh Street SW, Washington, DC 20410-8000, 
telephone (202) 431-7397 (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:


[[Page 107156]]


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)(3)(ii)(I) (12 U.S.C. 1715l(d)(3)(ii)(I));
V. Section 221(d)(4)(ii)(I) (12 U.S.C. 1715l(d)(4)(ii)(I));
VI. Section 231(c)(2)(A) (12 U.S.C. 1715v(c)(2)(A)); and
VII. Section 234(e)(3)(A) (12 U.S.C. 1715y(e)(3)(A)).

    Section 206A goes on to state that the preceding
    (a) ``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 in order 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 
a 3.4 percent increase and the effective date of the HOEPA adjustment 
is January 1, 2025. The Dollar Amounts under Section 206A have been 
adjusted correspondingly and have an effective date of January 1, 2025. 
(see 89 FR 95080, Dec. 2, 2024).
    These revised statutory limits may be applied to FHA multifamily 
mortgage insurance applications submitted or amended on or after 
January 1, 2025, so long as the loan has not been initially endorsed.
    The adjusted Dollar Amounts for Calendar Year 2025 are shown below.

Basic Statutory Mortgage Limits for Calendar Year 2025 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.......................................         $67,188         $78,368
1.......................................          74,427          86,835
2.......................................          88,903         106,477
3.......................................         109,580         133,357
4+......................................         124,056         150,791
------------------------------------------------------------------------

Section 213--Cooperatives

------------------------------------------------------------------------
                Bedrooms                   Non-elevator      Elevator
------------------------------------------------------------------------
0.......................................         $72,813         $77,531
1.......................................          83,956          87,840
2.......................................         101,254         106,814
3.......................................         129,607         138,184
4+......................................         144,391         151,687
------------------------------------------------------------------------

Section 234--Condominium Housing

------------------------------------------------------------------------
                Bedrooms                   Non-elevator      Elevator
------------------------------------------------------------------------
0.......................................         $74,299         $78,191
1.......................................          85,670          89,634
2.......................................         103,320         108,998
3.......................................         132,254         141,008
4+......................................         147,337         154,782
------------------------------------------------------------------------

Section 221(d)(4)--Moderate Income Housing

------------------------------------------------------------------------
                Bedrooms                   Non-elevator      Elevator
------------------------------------------------------------------------
0.......................................         $66,864         $72,228
1.......................................          75,904          82,802
2.......................................          91,749         100,689
3.......................................         115,160         130,257
4+......................................         130,129         142,986
------------------------------------------------------------------------

Section 231--Housing for the Elderly

------------------------------------------------------------------------
                Bedrooms                   Non-elevator      Elevator
------------------------------------------------------------------------
0.......................................         $63,570         $72,228
1.......................................          71,068          82,802
2.......................................          84,867         100,689
3.......................................         102,134         130,257
4+......................................         120,077         142,986
------------------------------------------------------------------------

Section 207--Manufactured Home Parks per Space--$30,844

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).

Jeffrey D. Little,
General Deputy Assistant Secretary for Housing.
[FR Doc. 2024-31184 Filed 12-30-24; 8:45 am]
BILLING CODE 4210-67-P
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