[Federal Register Volume 60, Number 59 (Tuesday, March 28, 1995)]
[Notices]
[Page 16034]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-7551]
[[Page 16034]]
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of the Assistant Secretary for Housing--Federal Housing
Commissioner
[Docket No. D-95-1087; FR-3892-D-01]
Redelegation of Authority
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice of redelegation of authority.
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SUMMARY: In this notice, the Assistant Secretary for Housing--Federal
Housing Commissioner redelegates authority to specified officials
within local HUD offices to determine median house prices and the
resulting maximum mortgage amounts pursuant to 24 CFR 203.18, 24 CFR
203.18b, and Section 203(b)(2) of the National Housing Act. Published
elsewhere in the Federal Register today is notice of a rule change to
24 CFR 203.18 and 203.18b, consistent with this redelegation.
EFFECTIVE DATE: April 27, 1995.
FOR FURTHER INFORMATION CONTACT: Maynard Curry, Office of Insured
Single Family Housing, Room 9276, Department of Housing and Urban
Development, 451 Seventh Street, SW, Washington, DC 20410, telephone
(202) 708-2121, or (202) 708-4594 (TDD). (These are not toll-free
numbers.)
SUPPLEMENTARY INFORMATION: Section 203(b)(2) of the National Housing
Act and 24 CFR 203.18(a)(1) prevent insured mortgages for 1-family
residences from exceeding 95 percent of the median house price for the
area, as determined by the Secretary. The authority to make this
determination has been delegated to the Assistant Secretary for
Housing--Federal Housing Commissioner (FHA Commissioner). Published
elsewhere in today's Federal Register is a final rule amending HUD's
Single Family Mortgage Insurance regulations pertaining to the means of
determining the median single family house price and resulting maximum
mortgage amount for a particular area. This rule change permits the FHA
Commissioner to redelegate to the local level the authority to make
these determinations. HUD has recently been reorganized to provide more
direct authority to its local offices regarding operation of its
programs. This redelegation is consistent with the new emphasis on
empowerment of local offices.
Accordingly, the Assistant Secretary for Housing--Federal Housing
Commissioner redelegates authority as follows:
Section A. Authority Redelegated
The authority under 24 CFR 203.18, 24 CFR 203.18b, and Section
203(b)(2) of the National Housing Act to determine single family median
house prices and maximum mortgage amounts in particular areas,
including the authority to increase the single family maximum mortgage
limits and to designate high cost areas, is redelegated to the
following:
1. For each category AA local field office (also known as a ``Super
A'' or ``Double A'' office), to the Office of Housing Director, who
retains this authority and redelegates it to the Single Family Housing
Division Director.
2. To The Deputy Assistant Secretary for Single Family Housing, who
retains this authority and redelegates it to the Single Family Housing
Division Director, for each category A, B, C, and D local field office.
Authority: Sec. 7(d) of the Department of Housing and Urban
Development Act, (42 U.S.C. 3535(d)).
Dated: March 20, 1995.
Nicolas P. Retsinas,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 95-7551 Filed 3-27-95; 8:45 am]
BILLING CODE 4210-27-P
