[Federal Register Volume 79, Number 61 (Monday, March 31, 2014)]
[Notices]
[Pages 18049-18050]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-07153]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5777-N-01]


Multifamily, Health Care Facilities, and Hospital Mortgage 
Insurance Premiums for Fiscal Year (FY) 2015

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 announces the 
mortgage insurance premiums (MIPs) for Federal Housing Administration 
(FHA) Multifamily, Health Care Facilities, and Hospital mortgage 
insurance programs that have commitments to be issued or reissued in FY 
2015. FY 2015 MIPs are the same as in FY 2014. This Notice does not 
apply to loans insured under the Risk Sharing programs of section 
542(b) or 542(c) of the Housing and Community Development Act of 1992.

DATES: Effective Date: October 1, 2014.

FOR FURTHER INFORMATION CONTACT:
Multifamily Programs: Theodore K. Toon, Director, Office of Multifamily 
Development, Office of Housing, Department of Housing and Urban 
Development, 451 7th Street SW., Washington, DC 20410-8000, telephone 
number 202-402-8386 (this is not a toll free number).
Health Care and Hospital Programs: Roger M. Lukoff, MA, FACHE, 
Associate Deputy Assistant Secretary, FHA-Office of Healthcare 
Programs, United States Department of Housing and Urban Development, 
451 Seventh Street SW.,--Room 6264, Washington, DC 20410. Telephone: 
202-402-4762, FAX: 202-708-0560. Hearing or speech-impaired individuals 
may access these numbers via TTY by calling the Federal Relay Service 
at 800-877-8339 (this is a toll-free number).

SUPPLEMENTARY INFORMATION:

I. Background

    HUD's mortgage insurance regulations at 24 CFR 207.254 provide as 
follows:

    Notice of future premium changes will be published in the 
Federal Register. The Department will propose MIP changes for 
multifamily mortgage insurance programs and provide a 30-day public 
comment period for the purpose of accepting comments on whether the 
proposed changes are appropriate.

    Under this regulation, HUD is required to publish a notice in the 
Federal Register for public comment only when there are premium 
changes. This notice announces that the FY 2015 MIPs are the same the 
FY 2014 MIPs, published in the Federal Register on September 20, 2013 
(FR-5737-N-01). Since HUD is not seeking to implement any premium 
changes for FY 2015 for the mortgage insurance programs listed in this 
notice, HUD is not seeking public comment.

II. Positive Credit Subsidy Programs

    The Department will continue to suspend issuance and reissuance of 
commitments under two programs that have previously required positive 
credit subsidy: Section 221(d)(3) New Construction/Substantial 
Rehabilitation (NC/SR) for Nonprofit/Cooperative Mortgagors without 
LIHTC and Section 223(d) Operating Loss Loans for Apartments.
    The MIPs to be in effect for FHA Firm Commitments issued or 
reissued in FY 2015 are shown in the chart below:

   Fiscal Year 2015 MIP Rates--Multifamily, Healthcare Facilities and
                       Hospital Insurance Programs
------------------------------------------------------------------------
                                                          Basis points
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                             FHA Multifamily
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207 Multifamily Housing New Construction/Sub Rehab                    70
 without LIHTC........................................
207 Multifamily Housing New Construction/Sub Rehab                    45
 with LIHTC...........................................
207 Manufactured Home Parks without LIHTC.............                70
207 Manufactured Home Parks with LIHTC................                45
221(d)(3) New Construction/Substantial Rehabilitation                N/A
 (NC/SR) for Nonprofit/Cooperative mortgagor without
 LIHTC................................................
221(d)(3) Limited dividend with LIHTC.................                45
221(d)(4) NC/SR without LIHTC.........................                65
221(d)(4) NC/SR with LIHTC............................                45
220 Urban Renewal Housing without LIHTC...............                70
220 Urban Renewal Housing with LIHTC..................                45

[[Page 18050]]

 
213 Cooperative.......................................                70
207/223(f) Refinance or Purchase for Apartments                     * 60
 without LIHTC........................................
207/223(f) Refinance or Purchase for Apartments with                * 45
 LIHTC................................................
223(a)(7) Refinance of Apartments without LIHTC.......             ** 50
223(a)(7) Refinance of Apartments with LIHTC..........             ** 45
223d Operating Loss Loan for Apartments...............               N/A
231 Elderly Housing without LIHTC.....................                70
231 Elderly Housing with LIHTC........................                45
241(a) Supplemental Loans for Apartments/coop without                 95
 LIHTC................................................
241(a) Supplemental Loans for Apartments/coop with                    45
 LIHTC................................................
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          FHA Healthcare Facilities (Nursing Homes, ALF & B&C)
------------------------------------------------------------------------
232 NC/SR Healthcare Facilities without LIHTC.........                77
232 NC/SR--Assisted Living Facilities with LIHTC......                45
232/223(f) Refinance for Healthcare Facilities without               *65
 LIHTC................................................
232/223(f) Refinance for Healthcare Facilities with                 * 45
 LIHTC................................................
223(a)(7) Refinance of Healthcare Facilities without               ** 55
 LIHTC................................................
223(a)(7) Refinance of Healthcare Facilities with                  ** 45
 LIHTC................................................
223d Operating Loss Loan for Healthcare Facilities....                95
241(a) Supplemental Loans for Healthcare Facilities                   72
 without LIHTC........................................
241(a) Supplemental Loans for Healthcare Facilities                   45
 with LIHTC...........................................
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                              FHA Hospitals
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242 Hospitals.........................................                70
223(a)(7) Refinance of Existing FHA-insured Hospital..             ** 55
223(f) Refinance or Purchase of Existing Non-FHA-                   * 65
 insured Hospital.....................................
241(a) Supplemental Loans for Hospitals...............                65
------------------------------------------------------------------------
* The first-year or upfront MIP fee for loans insured under Section
  223(f) for Multifamily, Health Care Facilities, and Hospital programs
  is 100 basis (one percent) points. The annual MIP amounts are
  otherwise shown above for the respective Section 223(f) programs.
** The first-year or upfront MIP fee for loans under Section 223(a)(7)
  for Multifamily, Health Care Facilities, and Hospital programs is 50
  basis points. The annual MIP amounts are otherwise shown above for the
  respective Section 223(a)(7) programs.

III. Information Collection

    The information collection requirements contained in this document 
have been approved by the Office of Management and Budget (OMB) under 
the Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3520) and assigned 
OMB control number 2502-0500. In accordance with the Paperwork 
Reduction Act, HUD may not conduct or sponsor, and a person is not 
required to respond to, a collection of information unless the 
collection displays a currently valid OMB control number.

    Dated: March 26, 2014.
Carol J. Galante,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 2014-07153 Filed 3-28-14; 8:45 am]
BILLING CODE 4210-67-P