[Federal Register Volume 60, Number 59 (Tuesday, March 28, 1995)]
[Notices]
[Page 16034]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-7551]



[[Page 16034]]

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner
[Docket No. D-95-1087; FR-3892-D-01]


Redelegation of Authority

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice of redelegation of authority.

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SUMMARY: In this notice, the Assistant Secretary for Housing--Federal 
Housing Commissioner redelegates authority to specified officials 
within local HUD offices to determine median house prices and the 
resulting maximum mortgage amounts pursuant to 24 CFR 203.18, 24 CFR 
203.18b, and Section 203(b)(2) of the National Housing Act. Published 
elsewhere in the Federal Register today is notice of a rule change to 
24 CFR 203.18 and 203.18b, consistent with this redelegation.

EFFECTIVE DATE: April 27, 1995.

FOR FURTHER INFORMATION CONTACT: Maynard Curry, Office of Insured 
Single Family Housing, Room 9276, Department of Housing and Urban 
Development, 451 Seventh Street, SW, Washington, DC 20410, telephone 
(202) 708-2121, or (202) 708-4594 (TDD). (These are not toll-free 
numbers.)

SUPPLEMENTARY INFORMATION: Section 203(b)(2) of the National Housing 
Act and 24 CFR 203.18(a)(1) prevent insured mortgages for 1-family 
residences from exceeding 95 percent of the median house price for the 
area, as determined by the Secretary. The authority to make this 
determination has been delegated to the Assistant Secretary for 
Housing--Federal Housing Commissioner (FHA Commissioner). Published 
elsewhere in today's Federal Register is a final rule amending HUD's 
Single Family Mortgage Insurance regulations pertaining to the means of 
determining the median single family house price and resulting maximum 
mortgage amount for a particular area. This rule change permits the FHA 
Commissioner to redelegate to the local level the authority to make 
these determinations. HUD has recently been reorganized to provide more 
direct authority to its local offices regarding operation of its 
programs. This redelegation is consistent with the new emphasis on 
empowerment of local offices.
    Accordingly, the Assistant Secretary for Housing--Federal Housing 
Commissioner redelegates authority as follows:

Section A. Authority Redelegated

    The authority under 24 CFR 203.18, 24 CFR 203.18b, and Section 
203(b)(2) of the National Housing Act to determine single family median 
house prices and maximum mortgage amounts in particular areas, 
including the authority to increase the single family maximum mortgage 
limits and to designate high cost areas, is redelegated to the 
following:
    1. For each category AA local field office (also known as a ``Super 
A'' or ``Double A'' office), to the Office of Housing Director, who 
retains this authority and redelegates it to the Single Family Housing 
Division Director.
    2. To The Deputy Assistant Secretary for Single Family Housing, who 
retains this authority and redelegates it to the Single Family Housing 
Division Director, for each category A, B, C, and D local field office.

    Authority: Sec. 7(d) of the Department of Housing and Urban 
Development Act, (42 U.S.C. 3535(d)).

    Dated: March 20, 1995.
Nicolas P. Retsinas,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 95-7551 Filed 3-27-95; 8:45 am]
BILLING CODE 4210-27-P