Federal Register / Vol. 81, No. 29 / Friday, February 12, 2016 / Notices 7569 

request to provide IMA payments for a 

period of up to 36 months, the State 

cited a number of unanticipated 

developments that contributed to delays 

in the completion of assisted housing 

projects. Most notably, the State pointed 

to the prospect of increased National 

Flood Insurance Program (NFIP) claim 

payments to NY Rising program 

participants as a result of fraudulent 

damage assessments conducted on 

behalf of the NFIP in the immediate 

aftermath of the disaster. The State 

indicated that uncertainty surrounding 

these payments, and the potential 

impact of the payments on the amount 

of CDBG–DR funds ultimately available 

to the homeowner, contributed to delays 

and supports an extended period of 

availability for IMA. Other factors cited 

by the State as contributing to the need 

for extended IMA are the limited pool 

of contractors experienced in 

undertaking the elevation of homes and 

the shorter Northeastern United States 

construction season. The State further 

noted that its own clarification process, 

through which applicants may appeal 

the ultimate amount of their CDBG–DR 

award, can also slow progress in 

completing repairs and contribute to the 

need for additional IMA. 

The State proposed to implement the 

extended period for IMA by initially 

maintaining the current 20 months of 

assistance for IMA participants. At the 

end of the 20-month period of 

assistance, the State may subsequently 

determine a need for an additional 16 

months of IMA, for a total not to exceed 

36 months of assistance. When a need 

for an extension of IMA is identified, 

the State will conduct an inspection of 

the property to determine if substantial 

construction progress has been made. If 

substantial construction progress has 

been made, the State may provide IMA 

for the additional authorized period of 

time, for a total period of assistance up 

to 36 months. If the inspection indicates 

that substantial progress has not been 

made, the extension of IMA will be 

provided only when the recipient agrees 

to participate in the newly established 

construction program within the NY 

Rising Housing Recovery Program. 

Under the construction program, the 

State will contract for and manage, on 

behalf of the IMA recipient, the 

rehabilitation of the IMA recipient’s 

home. Prior to its initial implementation 

of the construction program, the State 

will determine the need for the IMA 

extension in those instances where 

substantial construction progress has 

not occurred and will give priority to 

the rehabilitation of homes for those 

IMA recipients receiving a total up to 36 

months of IMA. 

After reviewing the State’s request, 

and for the State of New York’s IMA 

program only, the Department is 

modifying the provision of the March 5, 

2013, Federal Register notice that limits 

the provision of interim mortgage 

assistance to a period of 20 months and 

establishing an alternative requirement 

that allows for the payment of assistance 

for a period of up to 36 months if the 

State meets the other requirements 

described in the above paragraph. The 

goal of this alternative requirement is to 

provide an extended period of IMA in 

order to minimize the risk of foreclosure 

of storm damaged homes while they are 

being rehabilitated with CDBG–DR 

funds and to return IMA recipients to 

their rehabilitated homes as quickly as 

possible. The State must implement this 

alternative requirement consistent with 

the approach outlined in its request and 

as described herein. This waiver and 

alternative requirement shall remain in 

effect until December 31, 2017, after 

which the State shall be authorized to 

offer interim mortgage assistance for a 

period no more than 20 months. Interim 

mortgage assistance is an authorized 

eligible public service activity and the 

State is reminded that IMA 

expenditures are subject to the 15 

percent cap on public services 

established pursuant to 42 U.S.C. 

5305(a)(8). 

Within 30 days of the effective date of 

this notice, the State must begin to 

implement its construction program for 

IMA recipients receiving an extended 

period of assistance and without 

substantial construction progress in the 

rehabilitation of their home. The State 

must have fully implemented the 

construction program for all IMA 

recipients within 6 months of the 

effective date of this notice. In addition, 

the State’s policies and procedures 

must: 

(1) Document how the State will 

determine that ‘‘substantial progress’’ 

has or has not been made in the 

rehabilitation of an IMA recipient’s 

home; 

(2) Document how the State will 

determine that the amount and period of 

assistance to be provided under this 

alternative requirement is necessary and 

reasonable; 

(3) Document how the State will 

prioritize the rehabilitation of homes of 

IMA recipients receiving a total up to 36 

months of IMA; 

(4) Include internal controls designed 

to ensure that IMA provided to 

recipients is being used for its 

authorized purpose; and 

(5) Include a plan for assisting 

recipients that exhaust their IMA after 

36 months but continue to have a need 

for assistance because the rehabilitation 

of their home has not been completed. 

III. Catalog of Federal Domestic 

Assistance 

The Catalog of Federal Domestic 

Assistance number for the disaster 

recovery grants under this notice is 

14.269. 

IV. Finding of No Significant Impact 

A Finding of No Significant Impact 

(FONSI) with respect to the 

environment has been made in 

accordance with HUD regulations at 24 

CFR part 50, which implement section 

102(2)(C) of the National Environmental 

Policy Act of 1969 (42 U.S.C. 

4332(2)(C)). The FONSI is available for 

public inspection between 8 a.m. and 5 

p.m. weekdays in the Regulations 

Division, Office of General Counsel, 

Department of Housing and Urban 

Development, 451 7th Street SW., Room 

10276, Washington, DC 20410–0500. 

Due to security measures at the HUD 

Headquarters building, an advance 

appointment to review the docket file 

must be scheduled by calling the 

Regulations Division at 202–708–3055 

(this is not a toll-free number). Hearingor speech-impaired individuals may 

access this number through TTY by 

calling the Federal Relay Service at 800– 

877–8339 (this is a toll-free number). 

Dated: February 8, 2016. 

Nani A. Coloretti, 

Deputy Secretary. 

[FR Doc. 2016–02913 Filed 2–11–16; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5927–N–01] 

Mortgage and Loan Insurance 

Programs Under the National Housing 

Act—Debenture Interest Rates 

AGENCY: Office of the Assistant 

Secretary for Housing—Federal Housing 

Commissioner, HUD. 

ACTION: Notice. 

SUMMARY: This notice announces 

changes in the interest rates to be paid 

on debentures issued with respect to a 

loan or mortgage insured by the Federal 

Housing Administration under the 

provisions of the National Housing Act 

(the Act). The interest rate for 

debentures issued under section 

221(g)(4) of the Act during the 6-month 

period beginning January 1, 2016, is 21⁄4


asabaliauskas on DSK9F6TC42PROD with NOTICES2
7570 Federal Register / Vol. 81, No. 29 / Friday, February 12, 2016 / Notices 

percent. The interest rate for debentures 

issued under any other provision of the 

Act is the rate in effect on the date that 

the commitment to insure the loan or 

mortgage was issued, or the date that the 

loan or mortgage was endorsed (or 

initially endorsed if there are two or 

more endorsements) for insurance, 

whichever rate is higher. The interest 

rate for debentures issued under these 

other provisions with respect to a loan 

or mortgage committed or endorsed 

during the 6-month period beginning 

January 1, 2016, is 27⁄8 percent. 

However, as a result of an amendment 

to section 224 of the Act, if an insurance 

claim relating to a mortgage insured 

under sections 203 or 234 of the Act and 

endorsed for insurance after January 23, 

2004, is paid in cash, the debenture 

interest rate for purposes of calculating 

a claim shall be the monthly average 

yield, for the month in which the 

default on the mortgage occurred, on 

United States Treasury Securities 

adjusted to a constant maturity of 10 

years. 

FOR FURTHER INFORMATION CONTACT: 

Yong Sun, Department of Housing and 

Urban Development, 451 Seventh Street 

SW., Room 5148, Washington, DC 

20410–8000; telephone (202) 402–4778 

(this is not a toll-free number). 

Individuals with speech or hearing 

impairments may access this number 

through TTY by calling the toll-free 

Federal Information Relay Service at 

(800) 877–8339. 

SUPPLEMENTARY INFORMATION: Section 

224 of the National Housing Act (12 

U.S.C. 1715o) provides that debentures 

issued under the Act with respect to an 

insured loan or mortgage (except for 

debentures issued pursuant to section 

221(g)(4) of the Act) will bear interest at 

the rate in effect on the date the 

commitment to insure the loan or 

mortgage was issued, or the date the 

loan or mortgage was endorsed (or 

initially endorsed if there are two or 

more endorsements) for insurance, 

whichever rate is higher. This provision 

is implemented in HUD’s regulations at 

24 CFR 203.405, 203.479, 207.259(e)(6), 

and 220.830. These regulatory 

provisions state that the applicable rates 

of interest will be published twice each 

year as a notice in the Federal Register. 

Section 224 further provides that the 

interest rate on these debentures will be 

set from time to time by the Secretary 

of HUD, with the approval of the 

Secretary of the Treasury, in an amount 

not in excess of the annual interest rate 

determined by the Secretary of the 

Treasury pursuant to a statutory formula 

based on the average yield of all 

outstanding marketable Treasury 

obligations of maturities of 15 or more 

years. 

The Secretary of the Treasury (1) has 

determined, in accordance with the 

provisions of section 224, that the 

statutory maximum interest rate for the 

period beginning January 1, 2016, is 27⁄8

percent; and (2) has approved the 

establishment of the debenture interest 

rate by the Secretary of HUD at 27⁄8

percent for the 6-month period 

beginning January 1, 2016. This interest 

rate will be the rate borne by debentures 

issued with respect to any insured loan 

or mortgage (except for debentures 

issued pursuant to section 221(g)(4)) 

with insurance commitment or 

endorsement date (as applicable) within 

the first 6 months of 2016. 

For convenience of reference, HUD is 

publishing the following chart of 

debenture interest rates applicable to 

mortgages committed or endorsed since 

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. 

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. 

Effective 

interest 

rate 

On or after Prior to 

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. 

35⁄8 ............. Jan. 1, 2014 ... July 1, 2014. 

31⁄4 ............. July 1, 2014 .... Jan. 1, 2015. 

3 ................. Jan. 1, 2015 ... July 1, 2015. 

27⁄8 ............. July 1, 2015 .... Jan. 1, 2016. 

27⁄8 ............. Jan. 1, 2016 ... July 1, 2016. 

Section 215 of Division G, Title II of 

Public Law 108–199, enacted January 

23, 2004 (HUD’s 2004 Appropriations 

Act) amended section 224 of the Act, to 

change the debenture interest rate for 

purposes of calculating certain 

insurance claim payments made in cash. 

Therefore, for all claims paid in cash on 

mortgages insured under section 203 or 

234 of the National Housing Act and 

endorsed for insurance after January 23, 

2004, the debenture interest rate will be 

the monthly average yield, for the 

month in which the default on the 

mortgage occurred, on United States 

Treasury Securities adjusted to a 

constant maturity of 10 years, as found 

in Federal Reserve Statistical Release H– 

15. The Federal Housing Administration 

has codified this provision in HUD 

regulations at 24 CFR 203.405(b) and 24 

CFR 203.479(b). 

Section 221(g)(4) of the Act provides 

that debentures issued pursuant to that 

paragraph (with respect to the 

assignment of an insured mortgage to 

the Secretary) will bear interest at the 

‘‘going Federal rate’’ in effect at the time 

the debentures are issued. The term 

‘‘going Federal rate’’ is defined to mean 

the interest rate that the Secretary of the 

Treasury determines, pursuant to a 

statutory formula based on the average 

yield on all outstanding marketable 

Treasury obligations of 8- to 12-year 

maturities, for the 6-month periods of 

January through June and July through 

December of each year. Section 221(g)(4) 

is implemented in the HUD regulations 

at 24 CFR 221.255 and 24 CFR 221.790. 


asabaliauskas on DSK9F6TC42PROD with NOTICES2
Federal Register / Vol. 81, No. 29 / Friday, February 12, 2016 / Notices 7571 

The Secretary of the Treasury has 

determined that the interest rate to be 

borne by debentures issued pursuant to 

section 221(g)(4) during the 6-month 

period beginning January 1, 2016, is 21⁄4

percent. 

The subject matter of this notice falls 

within the categorical exemption from 

HUD’s environmental clearance 

procedures set forth in 24 CFR 

50.19(c)(6). For that reason, no 

environmental finding has been 

prepared for this notice. 

Authority: Sections 211, 221, 224, National 

Housing Act, 12 U.S.C. 1715b, 1715l, 1715o; 

Section 7(d), Department of HUD Act, 42 

U.S.C. 3535(d). 

Dated: January 21, 2016. 

Edward Golding, 

Principal Deputy Assistant Secretary for 

Housing. 

[FR Doc. 2016–02870 Filed 2–11–16; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF THE INTERIOR 

Fish and Wildlife Service 

[FWS–R1–ES–2015–N225; 

FXES11130100000C4–167–FF01E00000] 

Endangered and Threatened Wildlife 

and Plants; Initiation of 5-Year Status 

Reviews of 76 Species in Hawaii, 

Oregon, Washington, Montana, and 

Idaho 

AGENCY: Fish and Wildlife Service, 

Interior. 

ACTION: Notice of initiation of reviews; 

request for information. 

SUMMARY: We, the U.S. Fish and 

Wildlife Service (Service), are initiating 

5-year status reviews for 76 species in 

Hawaii, Oregon, Washington, Montana, 

and Idaho under the Endangered 

Species Act of 1973, as amended (Act). 

A 5-year status review is based on the 

best scientific and commercial data 

available at the time of the review; 

therefore, we are requesting submission 

of any new information on these species 

that has become available since the last 

review. 

DATES: To ensure consideration in our 

reviews, we are requesting submission 

of new information no later than April 

12, 2016. However, we will continue to 

accept new information about any listed 

species at any time. 

ADDRESSES: For the 67 species in Hawaii 

(see table below), submit information 

via U.S. mail to: Deputy Field 

Supervisor—Programmatic; Attention: 

5-Year Review; U.S. Fish and Wildlife 

Service; Pacific Islands Fish and 

Wildlife Office; 300 Ala Moana Blvd., 

Room 3–122, Box 50088; Honolulu, HI 

96850. 

For the Warner sucker, Willamette 

daisy, Kincaid’s lupine, and rough 

popcornflower, submit information via 

U.S. mail to: Field Supervisor; 

Attention: 5-Year Review; U.S. Fish and 

Wildlife Service; Oregon Fish and 

Wildlife Office; 2600 SE 98th Ave., 

Suite 100; Portland, OR 97266. 

For the northern Idaho ground 

squirrel, Bruneau Hot springsnail, Bliss 

Rapids, snail, Banbury Springs limpet, 

and Spaldings catchfly, submit 

information via U.S. mail to: Field 

Supervisor; Attention: 5-Year Review; 

U.S. Fish and Wildlife Service; Idaho 

Fish and Wildlife Office; 1387 S. 

Vinnell Way, Suite 368; Boise, ID 83709. 

FOR FURTHER INFORMATION CONTACT: 

Gregory Koob, U.S. Fish and Wildlife 

Service, Pacific Islands Fish and 

Wildlife Office (see ADDRESSES), 808– 

792–9400 (for species in Hawaii); Jeff 

Dillon, U.S. Fish and Wildlife Service, 

Oregon Fish and Wildlife Office, 503– 

231–6179 (for Warner sucker, 

Willamette daisy, Kincaid’s lupine, and 

rough popcornflower); or Kim Garner, 

Idaho Fish and Wildlife Office, 208– 

378–5243 (for northern Idaho ground 

squirrel, Bruneau Hot springsnail, Bliss 

Rapids, snail, Banbury Springs limpet, 

and Spaldings catchfly). Individuals 

who are hearing impaired or speech 

impaired may call the Federal Relay 

Service at 800–877–8339 for TTY 

assistance. 

SUPPLEMENTARY INFORMATION: 

Why do we conduct 5-year reviews? 

Under the Act (16 U.S.C. 1531 et seq.), 

we maintain Lists of Endangered and 

Threatened Wildlife and Plants (which 

we collectively refer to as the List) in 

the Code of Federal Regulations (CFR) at 

50 CFR 17.11 (for animals) and 17.12 

(for plants). Section 4(c)(2) of the Act 

requires us to review each listed 

species’ status at least once every 5 

years. For additional information about 

5-year reviews, go to http://

www.fws.gov/endangered/what-we-do/

recovery-overview.html, scroll down to 

‘‘Learn More about 5-Year Reviews,’’ 

and click on our factsheet. 

What information do we consider in the 

review? 

A 5-year review considers all new 

information available at the time of the 

review. In conducting these reviews, we 

consider the best scientific and 

commercial data that has become 

available since the listing determination 

or most recent status review, such as: 

(A) Species biology, including but not 

limited to population trends, distribution, 

abundance, demographics, and genetics; 

(B) Habitat conditions, including but not 

limited to amount, distribution, and 

suitability; 

(C) Conservation measures that have been 

implemented that benefit the species; 

(D) Threat status and trends in relation to 

the five listing factors (as defined in section 

4(a)(1) of the Act); and 

(E) Other new information, data, or 

corrections, including but not limited to 

taxonomic or nomenclatural changes, 

identification of erroneous information 

contained in the List, and improved 

analytical methods. 

Any new information will be 

considered during the 5-year review and 

will also be useful in evaluating the 

ongoing recovery programs for these 

species. 

What Species Are Under Review? 

This notice announces our active 

review of the 76 species listed in the 

table below. 

SPECIES FOR WHICH THE PACIFIC REGION IS INITIATING A 5-YEAR STATUS REVIEW

Common name Scientific name Status Where listed 

Final listing rule 

(Federal Register citation and 

publication date) 

ANIMALS 

Northern Idaho ground squirrel .. Urocitellus brunneus ................. Threatened ........... U.S.A. (ID) ............ 65 FR 17779; 04/05/2000 

Maui nukupuu ............................. Hemignathus lucidus affinis ...... Endangered .......... U.S.A. (HI) ............ 32 FR 4001; 03/11/1967 

Maui akepa ................................. Loxops coccineus ochraceus .... Endangered .......... U.S.A. (HI) ............ 35 FR 16047; 10/13/1970 

Poouli .......................................... Melamprosops phaeosoma ....... Endangered .......... U.S.A. (HI) ............ 40 FR 44149; 09/25/1975 

Molokai thrush ............................ Myadestes lanaiensis rutha ...... Endangered .......... U.S.A. (HI) ............ 35 FR 16047; 10/13/1970 

Crested honeycreeper ................ Palmeria dolei ........................... Endangered .......... U.S.A. (HI) ............ 32 FR 4001; 03/11/1967 

Molokai creeper .......................... Paroreomyza flammea .............. Endangered .......... U.S.A. (HI) ............ 35 FR 16047; 10/13/1970 


asabaliauskas on DSK9F6TC42PROD with NOTICES2