Maximum mortgage amounts were revised by the Consolidated Appropriations Act, 2008, which appropriated Fiscal Year 2008 funds for the majority of federal agencies, including HUD. Accordingly, the Office of Multifamily Development has developed a list of High Cost Areas for 2010. The threshold for a High Cost Area has been set for all areas (Special Limit Areas excepted) with an assigned High Cost Percentage (HCP) of 245 or greater. The designated Annual Base City High Cost Percentages and High Cost Areas are effective 60 days from the publication date of Mortgagee Letter 2010-31.