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44580 Federal Register / Vol. 78, No. 142 / Wednesday, July 24, 2013 / Notices

cities to work on strategic projects and DEPARTMENT OF HOUSING AND Federal Information Relay Service at help build city capacity. The fellowship URBAN DEVELOPMENT (800) 877–8339. program is seeking to evaluate its [Docket No. FR–5694–N–02] SUPPLEMENTARY INFORMATION: Section program through surveys of program 224 of the National Housing Act (12 stakeholders. Mortgage and U.S.C. 1715o) provides that Estimation of the total numbers of Programs Under the National Housing issued under the Act with respect to an hours needed to prepare the information Act— Rates insured loan or mortgage (except for collection including number of AGENCY: Office of the Assistant debentures issued pursuant to section respondents, frequency of response, and Secretary for Housing—Federal Housing 221(g)(4) of the Act) will bear interest at hours of response: The number of Commissioner, HUD. the rate in effect on the date the commitment to insure the loan or burden hours to complete a survey is 1 ACTION: Notice. hour. The number of respondents is mortgage was issued, or the date the estimated to be 32 respondents. The SUMMARY: This notice announces loan or mortgage was endorsed (or total number of burden hours is 32 changes in the interest rates to be paid initially endorsed if there are two or hours. on debentures issued with respect to a more endorsements) for insurance, loan or mortgage insured by the Federal whichever rate is higher. This provision B. Solicitation of Public Comment Housing under the is implemented in HUD’s regulations at provisions of the National Housing Act 24 CFR 203.405, 203.479, 207.259(e)(6), This notice is soliciting comments (the Act). The for and 220.830. These regulatory from members of the public and affected debentures issued under section provisions state that the applicable rates parties concerning the collection of 221(g)(4) of the Act during the 6-month of interest will be published twice each information described in Section A on period beginning July 1, 2013, is 13⁄4 year as a notice in the Federal Register. the following: percent. The interest rate for debentures Section 224 further provides that the (1) Whether the proposed collection issued under any other provision of the interest rate on these debentures will be of information is necessary for the Act is the rate in effect on the date that set from time to time by the Secretary proper performance of the functions of the commitment to insure the loan or of HUD, with the approval of the the agency, including whether the mortgage was issued, or the date that the Secretary of the Treasury, in an amount information will have practical utility; loan or mortgage was endorsed (or not in excess of the annual interest rate initially endorsed if there are two or determined by the Secretary of the (2) The accuracy of the agency’s more endorsements) for insurance, estimate of the burden of the proposed Treasury pursuant to a statutory formula whichever rate is higher. The interest based on the average of all collection of information; rate for debentures issued under these outstanding marketable Treasury (3) Ways to enhance the quality, other provisions with respect to a loan obligations of maturities of 15 or more utility, and clarity of the information to or mortgage committed or endorsed years. be collected; and during the 6-month period beginning 7 The Secretary of the Treasury (1) has July 1, 2013, is 2 ⁄8 percent. However, as (4) Ways to minimize the burden of a result of an amendment to section 224 determined, in accordance with the the collection of information on those of the Act, if an insurance claim relating provisions of section 224, that the who are to respond; including through to a mortgage insured under sections statutory maximum interest rate for the the use of appropriate automated 203 or 234 of the Act and endorsed for period beginning July 1, 2013, is 27⁄8 collection techniques or other forms of insurance after January 23, 2004, is paid percent; and (2) has approved the information technology, e.g., permitting in , the debenture interest rate for establishment of the debenture interest electronic submission of responses. purposes of calculating a claim shall be rate by the Secretary of HUD at 27⁄8 percent for the 6-month period HUD encourages interested parties to the monthly average yield, for the beginning July 1, 2013. This interest rate submit comment in response to these month in which the on the will be the rate borne by debentures questions. mortgage occurred, on United States Treasury Securities adjusted to a issued with respect to any insured loan Authority: Section 3507 of the Paperwork constant maturity of 10 years. or mortgage (except for debentures Reduction Act of 1995, 44 U.S.C. chapter 35. FOR FURTHER INFORMATION CONTACT: issued pursuant to section 221(g)(4)) Dated: July 16, 2013. Yong Sun, Department of Housing and with insurance commitment or endorsement date (as applicable) within Colette Pollard, Urban Development, 451 Seventh Street the latter 6 months of 2013. Department Reports Management Officer, SW., Room 5148, Washington, DC Office of the Chief Information Officer. 20410–8000; telephone (202) 402–4778 For convenience of reference, HUD is (this is not a toll-free number). publishing the following chart of [FR Doc. 2013–17778 Filed 7–23–13; 8:45 am] Individuals with speech or hearing debenture interest rates applicable to BILLING CODE 4210–67–P impairments may access this number mortgages committed or endorsed since through TTY by calling the toll-free January 1, 1980:

Effective interest rate On or after Prior to

91⁄2 ...... Jan. 1, 1980 July 1, 1980 97⁄8 ...... July 1, 1980 Jan. 1, 1981 113⁄4 ...... Jan. 1, 1981 July 1, 1981 127⁄8 ...... July 1, 1981 Jan. 1, 1982 123⁄4 ...... Jan. 1, 1982 Jan. 1, 1983 101⁄4 ...... Jan. 1, 1983 July 1, 1983 103⁄8 ...... July 1, 1983 Jan. 1, 1984 111⁄2 ...... Jan. 1, 1984 July 1, 1984 133⁄8 ...... July 1, 1984 Jan. 1, 1985

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Effective interest rate On or after Prior to

115⁄8 ...... Jan. 1, 1985 July 1, 1985 111⁄8 ...... July 1, 1985 Jan. 1, 1986 101⁄4 ...... Jan. 1, 1986 July 1, 1986 81⁄4 ...... July 1, 1986 Jan. 1. 1987 8 ...... Jan. 1, 1987 July 1, 1987 9 ...... July 1, 1987 Jan. 1, 1988 91⁄8 ...... Jan. 1, 1988 July 1, 1988 93⁄8 ...... July 1, 1988 Jan. 1, 1989 91⁄4 ...... Jan. 1, 1989 July 1, 1989 9 ...... July 1, 1989 Jan. 1, 1990 81⁄8 ...... Jan. 1, 1990 July 1, 1990 9 ...... July 1, 1990 Jan. 1, 1991 83⁄4 ...... Jan. 1, 1991 July 1, 1991 81⁄2 ...... July 1, 1991 Jan. 1, 1992 8 ...... Jan. 1, 1992 July 1, 1992 8 ...... July 1, 1992 Jan. 1, 1993 73⁄4 ...... Jan. 1, 1993 July 1, 1993 7 ...... July 1, 1993 Jan. 1, 1994 65⁄8 ...... Jan. 1, 1994 July 1, 1994 73⁄4 ...... July 1, 1994 Jan. 1, 1995 83⁄8 ...... Jan. 1, 1995 July 1, 1995 71⁄4 ...... July 1, 1995 Jan. 1, 1996 61⁄2 ...... Jan. 1, 1996 July 1, 1996 71⁄4 ...... July 1, 1996 Jan. 1, 1997 63⁄4 ...... Jan. 1, 1997 July 1, 1997 71⁄8 ...... July 1, 1997 Jan. 1, 1998 63⁄8 ...... Jan. 1, 1998 July 1, 1998 61⁄8 ...... July 1, 1998 Jan. 1, 1999 51⁄2 ...... Jan. 1, 1999 July 1, 1999 61⁄8 ...... July 1, 1999 Jan. 1, 2000 61⁄2 ...... Jan. 1, 2000 July 1, 2000 61⁄2 ...... July 1, 2000 Jan. 1, 2001 6 ...... Jan. 1, 2001 July 1, 2001 57⁄8 ...... July 1, 2001 Jan. 1, 2002 51⁄4 ...... Jan. 1, 2002 July 1, 2002 53⁄4 ...... July 1, 2002 Jan. 1, 2003 5 ...... Jan. 1, 2003 July 1, 2003 41⁄2 ...... July 1, 2003 Jan. 1, 2004 51⁄8 ...... Jan. 1, 2004 July 1, 2004 51⁄2 ...... July 1, 2004 Jan. 1, 2005 47⁄8 ...... Jan. 1, 2005 July 1, 2005 41⁄2 ...... July 1, 2005 Jan. 1, 2006 47⁄8 ...... Jan. 1, 2006 July 1, 2006 53⁄8 ...... July 1, 2006 Jan. 1, 2007 43⁄4 ...... Jan. 1, 2007 July 1, 2007 5 ...... July 1, 2007 Jan. 1, 2008 41⁄2 ...... Jan. 1, 2008 July 1, 2008 45⁄8 ...... July 1, 2008 Jan. 1, 2009 41⁄8 ...... Jan. 1, 2009 July 1, 2009 41⁄8 ...... July 1, 2009 Jan. 1, 2010 41⁄4 ...... Jan. 1, 2010 July 1, 2010 41⁄8 ...... July 1, 2010 Jan. 1, 2011 37⁄8 ...... Jan. 1, 2011 July 1, 2011 41⁄8 ...... July 1, 2011 Jan. 1, 2012 27⁄8 ...... Jan. 1, 2012 July 1, 2012 23⁄4 ...... July 1, 2012 Jan. 1, 2013 21⁄2 ...... Jan. 1, 2013 July 1, 2013 27⁄8 ...... July 1, 2013 Jan. 1, 2014

Section 215 of Division G, Title II of 2004, the debenture interest rate will be Section 221(g)(4) of the Act provides Pub. L. 108–199, enacted January 23, the monthly average yield, for the that debentures issued pursuant to that 2004 (HUD’s 2004 Appropriations Act) month in which the default on the paragraph (with respect to the amended section 224 of the Act, to mortgage occurred, on United States of an insured mortgage to change the debenture interest rate for Treasury Securities adjusted to a the Secretary) will bear interest at the purposes of calculating certain constant maturity of 10 years, as found ‘‘going Federal rate’’ in effect at the time insurance claim payments made in cash. in Federal Reserve Statistical Release H– the debentures are issued. The term Therefore, for all claims paid in cash on 15. The Federal Housing Administration ‘‘going Federal rate’’ is defined to mean mortgages insured under section 203 or has codified this provision in HUD the interest rate that the Secretary of the 234 of the National Housing Act and regulations at 24 CFR 203.405(b) and 24 Treasury determines, pursuant to a endorsed for insurance after January 23, CFR 203.479(b). statutory formula based on the average

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yield on all outstanding marketable HUD. Both documents will be available unsuccessful bidders. Closings are Treasury obligations of 8- to 12-year on the HUD Web site at www.hud.gov/ expected to take place between August maturities, for the 6-month periods of fhaloansales. Please mail and fax 13, 2013 and August 20, 2013. January through June and July through executed documents to JS Watkins These are the essential terms of sale. December of each year. Section 221(g)(4) Realty Partners, LLC: The Loan Sale Agreement, which is is implemented in the HUD regulations J.S. Watkins Realty Partners, LLC, included in the BIP, contains additional at 24 CFR 221.255 and 24 CFR 221.790. c/o The Exchange, 133 Federal terms and details. To ensure a The Secretary of the Treasury has Street, 10th Floor, Boston, MA 02111, competitive bidding process, the terms determined that the interest rate to be Attention: MHLS 2013–2 Sale of the bidding process and the Loan Sale borne by debentures issued pursuant to Coordinator, Fax: 1–978–967–8607. Agreement are not subject to section 221(g)(4) during the 6-month FOR FURTHER INFORMATION CONTACT: John negotiation. period beginning July 1, 2013, is 13⁄4 Lucey, Deputy Director, Asset Sales Due Diligence Review percent. Office, Room 3136, U.S. Department of The subject matter of this notice falls Housing and Urban Development, 451 The BIP describes the due diligence within the categorical exemption from Seventh Street SW., Washington, DC process for reviewing loan files in HUD’s environmental clearance 20410–8000; telephone 202–708–2625, MHLS 2013–2. Qualified bidders will be procedures set forth in 24 CFR extension 3927. Hearing- or speech- able to access loan information remotely 50.19(c)(6). For that reason, no impaired individuals may call 202–708– via a high-speed Internet connection. environmental finding has been 4594 (TTY). These are not toll-free Further information on performing due prepared for this notice. numbers. diligence review of the Mortgage is provided in the BIP. Authority: Sections 211, 221, 224, SUPPLEMENTARY INFORMATION: HUD National Housing Act, 12 U.S.C. 1715b, announces its intention to sell, in MHLS Sale Policy 1715l, 1715o; Section 7(d), Department of 2013–2, certain unsubsidized HUD Act, 42 U.S.C. 3535(d). HUD reserves the right to add multifamily and healthcare mortgage Mortgage Loans to or delete Mortgage Dated: July 18, 2013. loans (Mortgage Loans) secured by four Loans from MHLS 2013–2 at any time Carol J. Galante, (4) healthcare located in prior to the Award Date. HUD also Assistant Secretary for Housing—Federal Texas and Florida and six (6) reserves the right to reject any and all Housing Commissioner. multifamily properties located Texas, bids, in whole or in part, without [FR Doc. 2013–17773 Filed 7–23–13; 8:45 am] Michigan, Florida, North Carolina and prejudice to HUD’s right to include any BILLING CODE 4210–67–P Tennessee. The Mortgage Loans are non- Mortgage Loans in a later sale. Mortgage performing mortgage loans. The listing Loans will not be withdrawn after the of the Mortgage Loans is included in the Award Date except as is specifically DEPARTMENT OF HOUSING AND BIP. The Mortgage Loans will be sold provided in the Loan Sale Agreement. URBAN DEVELOPMENT without FHA insurance and with HUD This is a sale of unsubsidized [Docket No. 5726–N–02] servicing released. HUD will offer mortgage loans, pursuant to Section qualified bidders an opportunity to bid 204(a) of the Departments of Veterans Notice of HUD-Held Multifamily & competitively on the Mortgage Loans. Affairs and Housing and Urban Healthcare Loan Sale, (MHLS 2013–2) Qualified bidders may submit bids on Development, and Independent all Mortgage Loans or may bid on Agencies Appropriations Act of 1997, AGENCY: Office of the Assistant individual loans. A mortgagor of one or (12 U.S.C. 1715z–11a(a)). Secretary for Housing—Federal Housing more Mortgage Loans who is a qualified Commissioner, HUD. bidder may submit an individual bid on Mortgage Loan Sale Procedure; New ACTION: Notice of sale of mortgage loans. its own Mortgage Loan. Interested Offering Format mortgagors should review the HUD selected a competitive sale as SUMMARY: This notice announces HUD’s Qualification Statement to determine the method to sell the Mortgage Loans. intention to sell certain unsubsidized whether they may be eligible to qualify This method of sale optimizes HUD’s multifamily and healthcare mortgage to submit bids on one or more pools of return on the sale of these Mortgage loans, without Federal Housing Mortgage Loans or on individual loans Loans, affords the greatest opportunity Administration (FHA) insurance, in a in MHLS 2013–2. for all qualified bidders to bid on the competitive auction (MHLS 2013–2) on Mortgage Loans, and provides the July 31, 2013. This notice also describes The Bidding Process quickest and most efficient vehicle for generally the bidding process for the The BIP describes in detail the HUD to dispose of the Mortgage Loans. sale and certain persons who are procedure for bidding MHLS 2013–2. Depending on the bids received from ineligible to bid. The BIP also includes a standardized the competitive closed auction of the DATES: A Bidder’s Information Package non-negotiable loan sale agreement healthcare notes, HUD reserves the (BIP) will be made available on July 1, (Loan Sale Agreement). to conduct a second tier of 2013. Bids for the loans must be As part of its bid, each bidder must bidding utilizing an open English submitted on the bid date of July 31, submit a minimum deposit of the auction for these notes. Specific details 2013. HUD anticipates that awards will greater of 10% of the total bid or of the auction process are provided in be made on or before August 5th, 2013. $100,000. HUD will evaluate the bids the BIP. Closings are expected to take place submitted and determine the successful between August 13, 2013 and August bid(s) in its sole and absolute discretion. Bidder Eligibility 20, 2013. If a bidder is successful, the bidder’s In order to bid in the sale, a ADDRESSES: To become a qualified deposit will be non-refundable and will prospective bidder must complete, bidder and receive the BIP, prospective be applied toward the purchase price, execute and submit both a bidders must complete, execute, and with any amount beyond the purchase Confidentiality Agreement and a submit a Confidentiality Agreement and price being returned to the bidder. Qualification Statement acceptable to a Qualification Statement acceptable to Deposits will be returned to HUD. The following individuals and

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