[Federal Register Volume 64, Number 10 (Friday, January 15, 1999)]
[Rules and Regulations]
[Pages 2550-2551]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-900]


=======================================================================
-----------------------------------------------------------------------

FEDERAL HOUSING FINANCE BOARD

12 CFR Part 960

[No. 98-18]
RIN 3069-AA73


Amendment of Affordable Housing Program Regulation

AGENCY: Federal Housing Finance Board.

ACTION: Interim final rule; correction.

-----------------------------------------------------------------------

SUMMARY: The Federal Housing Finance Board (Finance Board) published in 
the Federal Register of May 20, 1998, a document containing an interim 
final rule that made technical revisions to the Affordable Housing 
Program (AHP or Program) regulation, to clarify Program requirements 
and improve the operation of the AHP. This document corrects amendatory 
instruction number 6 of the interim final rule to clarify the scope of 
the amendment to Sec. 960.7(a) of the interim final rule.

EFFECTIVE DATE: The correction is effective June 19, 1998.

FOR FURTHER INFORMATION CONTACT: Sharon B. Like, Senior Attorney-
Advisor, (202) 408-2930, or Roy S. Turner, Jr., Attorney-Advisor, (202) 
408-2512, Office of General Counsel, Federal Housing Finance Board, 
1777 F Street, NW, Washington, DC 20006.

SUPPLEMENTARY INFORMATION:
    The current language in amendatory instruction number 6 of the 
interim final rule, published on May 20, 1998 (63 FR 27668, 27673), 
could be incorrectly construed to mean that paragraph (a) of Sec. 960.7 
(to be codified at 12 CFR 960.7(a)) was amended in its entirety, when 
the Finance Board intended to amend only the introductory text of 
Sec. 960.7(a).
    Accordingly, the Finance Board hereby corrects amendatory 
instruction 6, on page 27673, in the middle column, to read as follows:
    6. Section 960.7(a) is amended by revising the introductory text to 
read as follows:

    Dated: January 11, 1999.

[[Page 2551]]

    By the Federal Housing Finance Board.
Bruce A. Morrison,
Chairman.
[FR Doc 99-900 Filed 1-14-99; 8:45 am]
BILLING CODE 6725-01-P