[Federal Register Volume 75, Number 241 (Thursday, December 16, 2010)]
[Notices]
[Pages 78730-78731]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-31507]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5450-N-02]
Federal Housing Administration (FHA): Notice of FHA PowerSaver
Home Energy Retrofit Loan Pilot Program: Extension of Period Soliciting
Expressions of Interest
AGENCY: Office of the Assistant Secretary for Housing-Federal Housing
Commissioner, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: On November 10, 2010, HUD published a notice that announced
its proposal to conduct an FHA Home Energy Retrofit Loan Pilot Program
(Retrofit Pilot Program or Pilot Program) known as FHA PowerSaver. The
Consolidated Appropriations Act, 2010 directs HUD to conduct an Energy
Efficient Mortgage Innovation pilot program targeted to the single
family housing market, and the Retrofit Pilot Program is designed by
HUD to meet this statutory directive and provides funding to support
that effort. The November 10, 2010, notice solicited public comment and
invited lenders interested in participating in the Pilot Program to
submit Expressions of Interest. The deadline for both the submission of
public comments and expressions of interest from lenders is December
27, 2010.
This notice extends the date for submission of Expressions of
Interest to January 31, 2011. The public comment deadline, however,
remains December 27, 2010.
DATES: Due Date for Expressions of Interest: January 31, 2011.
ADDRESSES: As provided in the November 10, 2010, notice, lenders
interested in participating in this Pilot Program must email their
Expressions of Interest to [email protected] in accordance with
Appendix A of the November 10, 2010, notice.
FOR FURTHER INFORMATION CONTACT: Patricia McBarron, Office of Single
Family Housing Development, Office of Housing, Department of Housing
and Urban Development, 451 7th Street, SW., Washington, DC 20410-8000;
telephone number 202-708-2121 (this is not a toll-free number). Persons
with hearing or speech impairments may access this number through TTY
by calling the toll-free Federal Information Relay Service at 800-877-
8339.
SUPPLEMENTARY INFORMATION: HUD published a notice in the Federal
Register on November 10, 2010 (75 FR 69112) that announced its proposal
to conduct an FHA Home Energy Retrofit Loan Pilot Program (Retrofit
Pilot Program or Pilot Program) known as FHA PowerSaver. The
Consolidated Appropriations Act, 2010 (Pub. L. 111-117, approved
December 16, 2009, 123 Stat. 3034) (2010 Appropriations Act), which
appropriated Fiscal Year (FY) 2010 funds for HUD, among other agencies,
appropriated $50 million for an Energy Innovation Fund to enable HUD to
catalyze innovations in the residential energy efficiency sector that
have the promise of replicability and help create a standardized home
energy efficient retrofit market. Of the $50 million appropriated for
the Energy Innovation Fund, the 2010 Appropriations Act stated that
``$25,000,000 shall be for the Energy Efficient Mortgage Innovation
pilot program directed at the single family housing market.'' (See Pub.
L. 111-117, at 123 Stat. 3089.)
Under the Retrofit Pilot Program, HUD, through FHA-approved
lenders, will insure loans for homeowners who are seeking to make
energy improvements to their homes. As provided in the November 10,
2010, notice, HUD intends to select a limited number of lenders to
participate in the Retrofit Pilot Program. The Pilot Program will be
for loans originated during a 2-year period, will be restricted to
lenders approved by HUD to participate in the Pilot Program, and will
be conducted in geographic areas identified by HUD as optimum locations
to conduct the Pilot Program. In making these determinations, HUD will
consider the factors and criteria proposed in the November 10, 2010,
notice to establish the framework for the Pilot Program, and the public
comments received in response to HUD's solicitation of comment. In
addition to seeking comments on the proposed Pilot Program, HUD invited
lenders interested in participating in this Pilot Program to notify HUD
of such interest as provided in Appendix A to the November 10, 2010,
notice.
This notice extends the period in which lenders may submit
expressions of interest to January 31, 2010. HUD, however, is not
extending the public comment deadline. In order to be in a position to
make final determinations
[[Page 78731]]
on the framework of the Pilot Program, it is important for the public
comment deadline to come to an end so that HUD can commence the review
of comments and consideration of issues and suggestions raised.
Dated: December 10, 2010.
David H. Stevens,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 2010-31507 Filed 12-15-10; 8:45 am]
BILLING CODE 4210-67-P