[Federal Register Volume 75, Number 241 (Thursday, December 16, 2010)]
[Notices]
[Pages 78730-78731]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-31507]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5450-N-02]


Federal Housing Administration (FHA): Notice of FHA PowerSaver 
Home Energy Retrofit Loan Pilot Program: Extension of Period Soliciting 
Expressions of Interest

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

ACTION: Notice.

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SUMMARY: On November 10, 2010, HUD published a notice that announced 
its proposal to conduct an FHA Home Energy Retrofit Loan Pilot Program 
(Retrofit Pilot Program or Pilot Program) known as FHA PowerSaver. The 
Consolidated Appropriations Act, 2010 directs HUD to conduct an Energy 
Efficient Mortgage Innovation pilot program targeted to the single 
family housing market, and the Retrofit Pilot Program is designed by 
HUD to meet this statutory directive and provides funding to support 
that effort. The November 10, 2010, notice solicited public comment and 
invited lenders interested in participating in the Pilot Program to 
submit Expressions of Interest. The deadline for both the submission of 
public comments and expressions of interest from lenders is December 
27, 2010.
    This notice extends the date for submission of Expressions of 
Interest to January 31, 2011. The public comment deadline, however, 
remains December 27, 2010.

DATES: Due Date for Expressions of Interest: January 31, 2011.

ADDRESSES: As provided in the November 10, 2010, notice, lenders 
interested in participating in this Pilot Program must email their 
Expressions of Interest to [email protected] in accordance with 
Appendix A of the November 10, 2010, notice.

FOR FURTHER INFORMATION CONTACT: Patricia McBarron, Office of Single 
Family Housing Development, Office of Housing, Department of Housing 
and Urban Development, 451 7th Street, SW., Washington, DC 20410-8000; 
telephone number 202-708-2121 (this is not a toll-free number). Persons 
with hearing or speech impairments may access this number through TTY 
by calling the toll-free Federal Information Relay Service at 800-877-
8339.

SUPPLEMENTARY INFORMATION: HUD published a notice in the Federal 
Register on November 10, 2010 (75 FR 69112) that announced its proposal 
to conduct an FHA Home Energy Retrofit Loan Pilot Program (Retrofit 
Pilot Program or Pilot Program) known as FHA PowerSaver. The 
Consolidated Appropriations Act, 2010 (Pub. L. 111-117, approved 
December 16, 2009, 123 Stat. 3034) (2010 Appropriations Act), which 
appropriated Fiscal Year (FY) 2010 funds for HUD, among other agencies, 
appropriated $50 million for an Energy Innovation Fund to enable HUD to 
catalyze innovations in the residential energy efficiency sector that 
have the promise of replicability and help create a standardized home 
energy efficient retrofit market. Of the $50 million appropriated for 
the Energy Innovation Fund, the 2010 Appropriations Act stated that 
``$25,000,000 shall be for the Energy Efficient Mortgage Innovation 
pilot program directed at the single family housing market.'' (See Pub. 
L. 111-117, at 123 Stat. 3089.)
    Under the Retrofit Pilot Program, HUD, through FHA-approved 
lenders, will insure loans for homeowners who are seeking to make 
energy improvements to their homes. As provided in the November 10, 
2010, notice, HUD intends to select a limited number of lenders to 
participate in the Retrofit Pilot Program. The Pilot Program will be 
for loans originated during a 2-year period, will be restricted to 
lenders approved by HUD to participate in the Pilot Program, and will 
be conducted in geographic areas identified by HUD as optimum locations 
to conduct the Pilot Program. In making these determinations, HUD will 
consider the factors and criteria proposed in the November 10, 2010, 
notice to establish the framework for the Pilot Program, and the public 
comments received in response to HUD's solicitation of comment. In 
addition to seeking comments on the proposed Pilot Program, HUD invited 
lenders interested in participating in this Pilot Program to notify HUD 
of such interest as provided in Appendix A to the November 10, 2010, 
notice.
    This notice extends the period in which lenders may submit 
expressions of interest to January 31, 2010. HUD, however, is not 
extending the public comment deadline. In order to be in a position to 
make final determinations

[[Page 78731]]

on the framework of the Pilot Program, it is important for the public 
comment deadline to come to an end so that HUD can commence the review 
of comments and consideration of issues and suggestions raised.

    Dated: December 10, 2010.
David H. Stevens,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 2010-31507 Filed 12-15-10; 8:45 am]
BILLING CODE 4210-67-P