[Federal Register Volume 78, Number 29 (Tuesday, February 12, 2013)]
[Notices]
[Pages 9936-9937]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-03205]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5450-N-04]


Federal Housing Administration (FHA): PowerSaver Home Energy 
Retrofit Loan Pilot Program: Extension of Pilot Program

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

ACTION: Notice.

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SUMMARY: On March 31, 2011, HUD published a notice that announced HUD's 
FHA Home Energy Retrofit Loan Pilot Program (Retrofit Pilot Program) 
known as FHA PowerSaver, which is a pilot program conducted for loans 
originated during a period of two years, commencing on May 2, 2011. The 
Retrofit Pilot Program is authorized by the Energy Innovation Fund of 
the 2010 Appropriations Act, which directs HUD to conduct an Energy 
Efficient Mortgage Innovation pilot program targeted to the single 
family housing market. The March 31, 2011, notice provided that HUD may 
extend the duration of the pilot program through Federal Register 
notice. HUD uses this authority to extend the Retrofit Pilot Program to 
Title I loan applications dated on or before May 4, 2015.

DATES: The Retrofit Pilot Program is extended for an additional two 
years to include Title I loan applications dated on or before May 4, 
2015.

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 Relay Service at 800-877-8339.

SUPPLEMENTARY INFORMATION: The Consolidated Appropriations Act, 2010 
(Pub. L. 111-117, approved December 16, 2009, 123 Stat. 3034), directed 
HUD to conduct an Energy Efficient Mortgage Innovation pilot program 
targeted to the single family housing market and allocated $25,000,000 
for such pilot program. On March 31, 2011, HUD published a notice at 76 
FR 17936 that announced HUD's FHA Home Energy Retrofit Loan Pilot 
Program known as FHA PowerSaver. The Retrofit Pilot Program, operating 
under Title I, section 2 of the National Housing Act (12 U.S.C. 1703), 
authorizes HUD to provide loan insurance in order to help homeowners 
finance energy-saving alterations, repairs, and improvements in 
connection with existing structures or manufactured homes.
    The March 31, 2011, notice provided that the Retrofit Pilot Program 
would be conducted for loans originated during a period of two years, 
commencing on May 2, 2011 and ending on May 2, 2013. The notice also 
provided that HUD may extend the duration of the Retrofit Pilot Program 
through Federal Register notice in order to better assess the program's 
effectiveness. HUD has determined that an extension of the Retrofit 
Pilot Program, as provided in the March 31, 2011, notice, is desirable 
for evaluating its success. An extension will enable more lenders and 
homeowners to participate in the Retrofit Pilot Program, thereby

[[Page 9937]]

providing additional data for HUD's use in assessing the program's 
success. Accordingly, through this notice, HUD extends the Retrofit 
Pilot Program for an additional 2 years, to Title I loan applications 
dated on or before May 4, 2015.

    Dated: February 5, 2013.
Carol J. Galante,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 2013-03205 Filed 2-11-13; 8:45 am]
BILLING CODE 4210-67-P