5338 Federal Register / Vol. 75, No. 21 / Tuesday, February 2, 2010 / Notices 

Type of information 

collection (Prepared by) 

Number of 

potential 

sponsors 

Estimated 

annual frequency per 

respondent 

Total annual 

responses 

Est. average 

hrly burden 

Est. annual 

burden hrs 

Table of Contents ........... Attorney for Sponsor ...... 10 1 10 0 .33 3 .3 

Issuance Statement ........ Attorney for Sponsor ...... 10 1 10 0 .5 5 

Tax Opinion ..................... Attorney for Sponsor ...... 10 1 10 4 40 

Transfer Affidavit ............. Attorney for Sponsor ...... 10 1 10 0 .08 0 .8 

Supplemental Statement Attorney for Sponsor ...... 10 0 .25 2 .5 1 2 .5 

Final Data Statements 

(attached to closing letter).

Accountant for Sponsor 10 1 10 32 320 

Accountants’ Closing Letter.Accountant ..................... 10 1 10 8 80 

Accountants’ OCS Letter Accountant ..................... 10 1 10 8 80 

Structuring Data .............. Accountant ..................... 10 1 10 8 80 

Financial Statements ...... Accountant ..................... 10 1 10 1 10 

Principal and Interest 

Factor File Specifications.

Trustee ........................... 10 1 10 16 160 

Distribution Dates and 

Statement.

Trustee ........................... 10 1 10 0 .42 4 .2 

Term Sheet ..................... Sponsor .......................... 10 1 10 2 20 

New Issue File Layout .... Trustee ........................... 10 1 10 4 40 

Flow of Funds ................. Attorney for Sponsor ...... 10 1 10 0 .16 1 .6 

Trustee Receipt ............... Attorney for Sponsor ...... 10 1 10 2 20 

Total ......................... ......................................... ........................ .......................... 232 .5 .......................... 995 .3 

Platinum Securities 

Deposit Agreement ......... Depositor ........................ 19 10 190 1 190 

MBS Schedule ................ Depositor ........................ 19 10 190 0 .16 30 .4 

New Issue File Layout .... Depositor ........................ 19 10 190 4 760 

Principal and Interest 

Factor File Specifications.

Trustee ........................... 19 10 190 16 3,040 

Total ......................... ......................................... ........................ .......................... 760 .......................... 4,020 .4 

Total Burden 

Hours.

......................................... ........................ .......................... .......................... .......................... 16,933 .05 

Calculation of Burden Hours: 

Sponsors × Frequency per Year = 

Estimated Annual Frequency. 

Estimated Annual Frequency × 

Estimated Average Completion Time 

= Estimated Annual Burden Hours. 

Status of the proposed information 

collection: Reinstatement, with change, 

of a previously approved collection. 

Authority: Section 3506 of the Paperwork 

Reduction Act of 1995, 44 U.S.C. Chapter 35 

as amended. 

Dated: January 26, 2010. 

Mary K. Kinney, 

Executive Vice President, Government 

National Mortgage Association. 

[FR Doc. 2010–2111 Filed 2–1–10; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5300–N–12] 

Announcement of Funding Awards for 

the Section 4 Capacity Building for 

Community Development and 

Affordable Housing Program Fiscal 

Year 2009 

AGENCY: Office of the Assistant 

Secretary for Community Planning and 

Development, HUD. 

ACTION: Notice of funding awards. 

SUMMARY: In accordance with section 

102(a)(4)(C) of the Department of 

Housing and Urban Development 

Reform Act of 1989, this announcement 

notifies the public of funding decisions 

made by the Department in a 

competition for funding under the 2009 

Notice of Funding Availability (NOFA) 

for the Section 4 Capacity Building for 

Community Development and 

Affordable Housing grants program. 

This announcement contains the names 

of the awardees and the amounts of the 

awards made available by HUD. 

FOR FURTHER INFORMATION CONTACT: 

Karen E. Daly, Director, Office of Policy 

Development and Coordination, Office 

of Community Planning and 

Development, 451 Seventh Street, SW., 

Room 7240, Washington, DC 20410– 

7000; telephone (202) 402–5552 (this is 

not a toll-free number). Hearing- and 

speech-impaired persons may access 

this number via TTY by calling the 

Federal Relay Service toll-free at (800) 

877–8339. For general information on 

this and other HUD programs, call 

Community Connections at (800) 998– 

9999 or visit the HUD Web site at http:// 

www.hud.gov. 

SUPPLEMENTARY INFORMATION: HUD’s 

Capacity Building for Community 

Development and Affordable Housing 

program is authorized by Section 4 of 

the HUD Demonstration Act of 1993 

(Pub. L. 103–120, 107 Stat. 1148, 42 

U.S.C. 9816 note), as amended, and the), 

as amended, and the Omnibus 

Appropriations Act, 2009 (Pub. L. 11–8, 

mstockstill on DSKH9S0YB1PROD with NOTICES

Federal Register / Vol. 75, No. 21 / Tuesday, February 2, 2010 / Notices 5339 

approved February 25, 2009). The 

Section 4 Capacity Building program 

provides grants to national community 

development intermediaries to enhance 

the capacity and ability of community 

development corporations and 

community housing development 

organizations to carry out community 

development and affordable housing 

activities that benefit low-income 

families and persons. Capacity Building 

funds support activities such as 

training, education, support, loans, 

grants, and development assistance. 

The Fiscal Year 2009 competition was 

announced on http://www.hud.gov on 

June 15, 2009. The NOFA provided $34 

million for Section 4 Capacity Building 

grants For the Fiscal Year 2009 

competition, HUD awarded three 

competitive Section 4 Capacity Building 

grants totaling $34,000,000. 

In accordance with section 

102(a)(4)(C) of the Department of 

Housing and Urban Development 

Reform Act of 1989 (103 Stat. 1987, 42 

U.S.C. 3545), the Department is 

publishing the grantees and the amounts 

of the awards in Appendix A to this 

document. 

Dated: December 18, 2009. 

Mercedes Ma ́ rquez, 

Assistant Secretary for Community Planning 

and Development. 

Appendix A 

Fiscal Year 2009 Funding Awards for 

the Section 4 Capacity Building for 

Community Development and 

Affordable Housing Program 

Recipient State Amount 

Enterprise Community Partners, Inc ................................................................................................................................. MD ....... $14,836,263 

Local Initiatives Support Corporation ................................................................................................................................ NY ........ 14,836,263 

Habitat for Humanity International .................................................................................................................................... GA ........ 4,327,474 

Total ........................................................................................................................................................................... .............. 34,000,000 

[FR Doc. 2010–2112 Filed 2–1–10; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR-5389–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, 2010, is 33⁄8

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, 2010, is 41⁄4 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, 2010, is 41⁄4

percent; and (2) has approved the 

establishment of the debenture interest 

rate by the Secretary of HUD at 41⁄4

percent for the 6-month period 

beginning January 1, 2010. 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 2010. 

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, 1987 Jan. 1, 1987 

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