Notices. Notice

635 words·~3 min read·/register/2005/01/21/05-1086

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

BILLING CODE 4830-01-P 70 13 Friday, January 21, 2005 CORRECTIONS Aaron Siegel DEPARTMENT OF DEFENSE Office of the Secretary Submission for OMB Review; Comment Request Correction In notice document 04-27758 appearing on page 75935 in the issue of Monday, December 20, 2004, make the following correction: On page 75935, in the **DATES** section, in the second line, “June 19, 2005” should read “January 19, 2005.” [FR Doc. C4-27758 Filed 1-19-05; 8:45 am] BILLING CODE 1505-01-D 70 13 Friday, January 21, 2005 Notices Part II Department of Housing and Urban Development Annual Indexing of Basic Statutory Mortgage Limits for Multifamily Housing Programs;

Notice DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-4964-N-01] Annual Indexing of Basic Statutory Mortgage Limits for Multifamily Housing Programs AGENCY: Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice. SUMMARY: In accordance with section 206A of the National Housing Act, HUD has adjusted the basic statutory mortgage limits for multifamily housing programs for calendar year 2005. EFFECTIVE DATE: January 1, 2005. FOR FURTHER INFORMATION CONTACT:

Michael L. McCullough, Director, Office of Multifamily Development, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410-8000, telephone

(202)708-1142 (this is not a toll-free number). Hearing-or speech-impaired individuals may access this number through TTY by calling the toll-free Federal Information Relay Service at

(800)877-8339. SUPPLEMENTARY INFORMATION: The FHA Downpayment Simplification Act of 2002 (Pub. L. 107-326, approved December 4, 2002) amended the National Housing Act by adding a new section 206A (12 U.S.C. 1712a). Under section 206A, the following are affected:

(1)section 207(c)(3)(A) (12 U.S.C. 1713(c)(3)(A));

(2)section 213(b)(2)(A) (12 U.S.C. 1715e(b)(2)(A));

(3)section 220(d)(3)(B)(iii)(I) (12 U.S.C. 1715k(d)(3)(B)(iii)(I));

(4)section 221(d)(3)(ii)(I) (12 U.S.C. 1715l(d)(3)(ii)(I));

(5)section 221(d)(4)(ii)(I) (12 U.S.C. 1715l(d)(4)(ii)(I));

(6)section 231(c)(2)(A) (12 U.S.C. 1715v(c)(2)(A)); and

(7)section 234(e)(3)(A) (12 U.S.C. 1715y(e)(3)(A)). The dollar amounts in these sections, which are collectively referred to as the ‘Dollar Amounts,’ shall be adjusted annually (commencing in 2004) on the effective date of the Federal Reserve Board's adjustment of the $400 figure in the Home Ownership and Equity Protection Act of 1994 (HOEPA) (Pub.L. 103-325, approved September 23, 1994). The adjustment of the Dollar Amounts shall be calculated using the percentage change in the Consumer Price Index for All Urban Consumers (CPI-U) as applied by the Federal Reserve Board for purposes of the above-described HOEPA adjustment. HUD has been notified of the percentage change in the CPI-U used for the HOEPA adjustment and the effective date of the HOEPA adjustment. The percentage change in the CPI-U is 2.29 percent and the effective date of the HOEPA adjustment is January 1, 2005. The Dollar Amounts have been adjusted correspondingly and have an effective date of January 1, 2005. The adjusted Dollar Amounts for calendar year 2005 are shown below: Basic Statutory Mortgage Limits for Calendar Year 2005 Multifamily Loan Program • Section 207—Multifamily Housing • Section 207 pursuant to section 223(f)—Purchase or refinance housing • Section 220—Housing in urban renewal areas Bedrooms Non-elevator Elevator 0 $39,759 45,876 1 44,040 51,380 2 52,603 63,002 3 64,837 78,906 4+ 73,401 89,218 • Section 213—Cooperatives Bedrooms Non-elevator Elevator 0 $43,085 45,876 1 49,677 51,976 2 59,913 63,201 3 76,687 81,762 4+ 85,433 89,750 • Section 221(d)(3)—Moderate income housing • Section 234—Condominium housing Bedrooms Non-elevator Elevator 0 $43,964 46,267 1 50,691 53,036 2 61,134 64,492 3 78,252 83,430 4+ 87,176 91,581 • Section 221(d)(4)—Moderate income housing Bedrooms Non-elevator Elevator 0 $39,567 42,739 1 44,912 48,995 2 54,287 59,576 3 68,140 77,071 4+ 77,213 84,602 • Section 231—Housing for the Elderly Bedrooms Non-elevator Elevator 0 $37,618 42,739 1 42,053 48,995 2 50,218 59,576 3 60,432 77,071 4+ 71,048 84,602 • Section 207—Manufactured Home Parks Per Space: $18,255. Dated: January 11, 2005. Sean Cassidy, General Deputy, Assistant Secretary for Housing. [FR Doc. 05-1086 Filed 1-19-05; 8:45 am]

Connectionstraces to 7

Traces to 7 documents

U.S. Code