94-23709. Redelegation of Authority for Issuing Loan Guarantees

[Federal Register Volume 59, Number 185 (Monday, September 26, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-23709]


[[Page Unknown]]

[Federal Register: September 26, 1994]


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Office of the Assistant Secretary for Public and Indian Housing
[Docket No. D-94-1072; FR-3781-D-02]

 

Redelegation of Authority for Issuing Loan Guarantees

AGENCY: Office of the Assistant Secretary for Public and Indian 
Housing, HUD.

ACTION: Notice of redelegation of authority.

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SUMMARY: Within this notice, the Assistant Secretary for Public and 
Indian Housing is redelegating authority under the Section 184 Loan 
Guarantees for Indian Housing program, 12 U.S.C. 1715z-13a, to the 
Director of the Office of Native American Programs, the Deputy Director 
for Headquarter Operations, the Deputy Director for Field Operations, 
and the Administrators of Field Offices of Native American Programs. In 
this program, the Department guarantees certain housing loans made to 
Indian families and Indian housing authorities.

EFFECTIVE DATE: September 19, 1994.

FOR FURTHER INFORMATION CONTACT: Dominic A. Nessi, Director, Office of 
Native American Programs, Office of Public and Indian Housing, 
Department of Housing and Urban Development, Room B-133, 451 7th Street 
SW., Washington, DC 20410, [phone] or [phone] (voice/
TDD). (These are not toll free numbers.)

SUPPLEMENTARY INFORMATION: Section 184 of the Housing and Community 
Development Act of 1992 (Public Law 102-550, approved October 28, 
1992), codified at 12 U.S.C. 1715z-13a, authorizes the establishment of 
the Indian Housing Loan Guarantee Fund (the Fund) to provide access to 
sources of private financing to Indian families and Indian housing 
authorities who otherwise could not acquire housing financing because 
of the unique legal status of Indian trust land. In general, these 
lands, held in trust by the United States for the benefit of an Indian 
or Indian tribe, are inalienable. Trust lands under this program also 
include lands to which the title is held by an Indian tribe subject to 
a restriction against alienation imposed by the United States. Because 
title to individual plots does not convey, and liens do not attach, 
conventional mortgage lending practices do not operate in this forum.
    The Fund addresses these obstacles to mortgage financing by 
guaranteeing loans made to Indian families or Indian housing 
authorities to construct, acquire, or rehabilitate 1- to 4-family 
dwellings that are standard housing and are located on trust land or 
land located in an Indian or Alaska Native area. The guarantee of the 
loan will cover 100 percent of the unpaid principal and interest. 
Borrowers will be required to pay a 1% guarantee fee at closing. A loan 
term of up to 30 years is permitted by statute, but is not required.
    In a delegation of authority appearing elsewhere in the Federal 
Register today, the Secretary of Housing and Urban Development has 
delegated all of his authority under the Section 184 Loan Guarantees 
for Indian Housing program, to the Assistant Secretary for Public and 
Indian Housing. Within this notice, the Assistant Secretary for Public 
and Indian Housing retains and redelegates this authority, except for 
certain power and authority specifically excepted from the 
redelegation, to the Director of the Office of Native American 
Programs, the Deputy Director for Headquarter Operations, the Deputy 
Director for Field Operations, which positions are at headquarters, and 
to the Administrators of Field Offices of Native American Programs, in 
the field.
    Therefore, the Assistant Secretary for Public and Indian Housing 
redelegates as follows:

Section A. Authority Redelegated

    1. The Assistant Secretary for Public and Indian Housing 
redelegates, to the Director of the Office of Native American Programs, 
the Deputy Director for Headquarters Operations, and the Deputy 
Director for Field Operations, all power and authority of the Assistant 
Secretary for Public and Indian Housing with respect to the Loan 
Guarantees for Indian Housing program, 12 U.S.C. 1715z-13a (section 184 
of the Community and Development Act of 1992), except for the power and 
authority to issue waivers of regulations.
    2. The Assistant Secretary for Public and Indian Housing 
redelegates, to the Administrators of Field Offices of Native American 
Programs, all power and authority of the Assistant Secretary for Public 
and Indian Housing with respect to the Loan Guarantees for Indian 
Housing program, 12 U.S.C. 1715z-13a (Section 184 of the Community and 
Development Act of 1992), except for the power and authority to issue 
rules, regulations, and waivers of regulations.

    Authority: Section 7(d), Department of Housing and Urban 
Development Act, 42 U.S.C. Section 3535(d).

    Dated: September 19, 1994.
Joseph Shuldiner,
Assistant Secretary for Public and Indian Housing.
[FR Doc. 94-23709 Filed 9-23-94; 8:45 am]
BILLING CODE 4210-33-P