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 Department of Housing and Urban Development [Docket No. FR-5388-N-02]
 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 2011.
 DATES: *Effective Date:*
                         January 1, 2011.
 FOR FURTHER INFORMATION CONTACT: Joseph A. Sealey, Director, Technical Support Division, Office of Multifamily Development, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410-8000, telephone (202) 402-2559 (this is not a toll-free number). Hearing or speech-impaired individuals may access 
                        ( print page 10388)
                        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 2.2 percent and the effective date of the HOEPA adjustment is January 1, 2011. The Dollar Amounts have been adjusted correspondingly and have an effective date of January 1, 2011. The adjusted Dollar Amounts for Calendar Year 2011 are shown below: Basic Statutory Mortgage Limits for Calendar Year 2011 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
Elevator0
$46,079
53,1711
51,043
59,5512
60,969
73,0223
75,149
91,4564+
85,077
103,410
 Section 213—Cooperatives Bedrooms
Non-elevator
Elevator0
$49,937
53,1711
57,577
60,2422
69,440
73,2533
88,884
94,7664+
99,022
104,026
 Section 221(d)(3)—Moderate Income Housing
                Section 234—Condominium Housing Bedrooms
Non-elevator
Elevator0
$50,956
53,6241
58,752
61,4712
70,857
74,7493
90,699
96,7004+
101,042
106,147
 Section 221(d)(4)—Moderate Income Housing Bedrooms
Non-elevator
Elevator0
$45,858
49,5361
52,055
56,7872
62,921
69,0523
78,977
89,3304+
89,495
98,058
 Section 231—Housing for the Elderly Bedrooms
Non-elevator
Elevator0
$43,600
49,5361
48,741
56,7872
58,203
69,0523
70,044
89,3304+
82,348
98,058
 Section 207—Manufactured Home Parks Per Space $21,155 Dated: January 12, 2011. David H. Stevens, Assistant Secretary for Housing—Federal Housing Commissioner.


[FR Doc. 2011-4146 Filed 2-23-11; 8:45 am] BILLING CODE 4210-67-P