[Federal Register Volume 69, Number 220 (Tuesday, November 16, 2004)]
[Notices]
[Page 67158]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E4-3165]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4679-N-09; HUD-2004-0005]


Changes in Certain Multifamily Mortgage Insurance Premiums

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

ACTION: Notice.

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SUMMARY: In accordance with HUD regulations, this notice changes the 
mortgage insurance premiums (MIP) for the section 221(d)(4) and the 
section 232 Federal Housing Administration (FHA) mortgage insurance 
programs whose commitments will be issued in Fiscal Year (FY) 2005.

DATES: Effective Date: December 16, 2004.

FOR FURTHER INFORMATION CONTACT: Michael McCullough, Director, Office 
of Multifamily Development, Department of Housing and Urban 
Development, 451 Seventh Street, SW., Washington, DC 20410-8000, (202) 
708-1142 (this is not a toll-free number). Hearing-or speech-impaired 
individuals may access these numbers through TTY by calling the Federal 
Information Relay Service at (800) 877-8339 (this is a toll-free 
number).

SUPPLEMENTARY INFORMATION:

Introduction

    On March 17, 2003 (68 FR 12792), HUD published a final rule on 
``Mortgage Insurance Premiums in Multifamily Housing Programs,'' which 
adopted, without change, the interim rule published on July 2, 2001 (66 
FR 35072). The final and interim rule revised the regulatory system for 
establishing the MIP. Instead of setting the MIP at a specific rate, 
the Secretary is permitted to change an MIP within the full range of 
HUD's statutory authority of one fourth of one percent to one percent 
through a notice, as provided in section 203(c)(1) of the National 
Housing Act (the Act) (12 U.S.C. 1709(c)(1)). The final rule states 
that HUD will provide a 30-day period for public comment on future 
notices changing MIPs in multifamily insured housing programs. These 
regulations are codified at 24 CFR 207.252, 207.252a, and 207.254.
    Pursuant to these regulations, on August 23, 2004, HUD published a 
notice for public comment announcing a change in the MIP for programs 
authorized under sections 221(d)(4), 232, and 241(a)(for health care 
facilities) of the National Housing Act for FY 2005 (12 U.S.C. 
1715l(d)(4), 1715w, and 1715z-6 respectively). No comments were 
received, and therefore this notice is made final without change.

    Dated: November 4, 2004.
John C. Weicher,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. E4-3165 Filed 11-15-04; 8:45 am]
BILLING CODE 4210-27-P