16034 Federal Register / Vol. 60, No. 59 / Tuesday, March 28, 1995 / Notices

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.

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