[Federal Register Volume 77, Number 179 (Friday, September 14, 2012)]
[Notices]
[Page 56857]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-22702]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5610-N-16]
Notice of Proposed Information Collection for Public Comment;
Public Housing Mortgage Program and Section 30
AGENCY: Office of the Assistant Secretary for Public and Indian
Housing, HUD.
ACTION: Notice of revised information collection.
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SUMMARY: The revised information collection requirement described below
will be submitted to the Office of Management and Budget (OMB) for
review, as required by the Paperwork Reduction Act. The Department is
soliciting public comments on the subject proposal.
In order for HAs to be approved for a mortgage or security interest
in any public housing real estate or other assets, a proposal must be
submitted to HUD. After approval and execution of any legal documents
associated with the loan and related construction activity, a copy of
the executed documents is submitted. Quarterly reports on the progress
of the loan payout and pay off as well as the construction activity
will be submitted.
DATES: Comments Due Date: November 13, 2012.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposed information collection. Comments should refer to the
proposal by name/or OMB Control number and should be sent to: Colette
Pollard., Departmental Reports Management Officer, QDAM, Department of
Housing and Urban Development, 451 7th Street SW., Room 4160,
Washington, DC 20410-5000; telephone 202-402-3400 (this is not a toll-
free number) or email Ms. Pollard at [email protected]. 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. (Other than the HUD USER information line and TTY numbers,
telephone numbers are not toll-free.)
FOR FURTHER INFORMATION CONTACT: Arlette Mussington, Office of Policy,
Programs and Legislative Initiatives, PIH, Department of Housing and
Urban Development, 451 7th Street SW., (L'Enfant Plaza, Room 2206),
Washington, DC 20410; telephone 202-402-4109, (this is not a toll-free
number). Persons with hearing or speech impairments may access this
number via TTY by calling the Federal Information Relay Service at
(800) 877-8339.
SUPPLEMENTARY INFORMATION: The Department will submit the proposed
information collection to OMB for review, as required by the Paperwork
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
This Notice is soliciting comments from members of the public and
affected agencies concerning the proposed collection of information to:
(1) Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility; (2)
evaluate the accuracy of the agency's estimate of the burden of the
proposed collection of information;(3) enhance the quality, utility,
and clarity of the information to be collected; and (4) minimize the
burden of the collection of information on those who are to respond,
including through the use of appropriate automated collection
techniques or other forms of information technology; e.g., permitting
electronic submission of responses.
This Notice also lists the following information:
Title of Proposal: Public Housing Mortgage Program and Section 30.
OMB Control Number: 2577-0265.
Description of the Need for the Information and Proposed Use:
Section 516 of the Quality Housing and Work Responsibility Act of 1998
(QHWRA)(Pub. L. 105-276, October 21, 1998) added Section 30, Public
Housing Mortgages and Security Interest, to the United States Housing
Act of 1937 (1937 Act) (42 U.S.C. 1437z-2). Section 30 authorizes the
Secretary of the Department of Housing and Urban Development (HUD) to
approve a Housing Authority's (HA) request to mortgage public housing
real property or grant a security interest in other tangible forms of
personal property if the proceeds of the loan resulting from the
mortgage or security interest are used for low-income housing uses.
Public Housing Agencies (PHAs) must provide information to HUD for
approval to allow PHAs to grant a mortgage in public housing real
estate or a security interest in some tangible form of personal
property owned by the PHA for the purposes of securing loans or other
financing for modernization or development of low-income housing. The
title of the information collection has been changed to be more clearly
descriptive of the range of transactions that would be reviewed under
this collection for compliance with Section 30. There are several
circumstances other than a mixed finance transaction that would
potentially trigger this collection. For example, most recently Energy
Performance Contract (EPC) transactions that provide for a security
interest in energy improvements have been reviewed for approval under
Section 30.
Agency Form Numbers, if Applicable: N/A.
Members of Affected Public: Business or other for-profit, State,
Local Government.
Estimation of the Total Number of Hours Needed To Prepare the
Information Collection Including Number of Respondents: The estimated
number of annual respondents is 90 and the total annual reporting
burden is 3,760 hours.
Status of the Proposed Information Collection: This is a revision
of a currently approved request for collection.
Authority: Section 3506 of the Paperwork Reduction Act of 1995,
44 U.S.C. Chapter 35, as amended.
Dated: September 10, 2012.
Merrie Nichols-Dixon,
Deputy Director, Office of Policy Program and Legislative Initiatives.
[FR Doc. 2012-22702 Filed 9-13-12; 8:45 am]
BILLING CODE 4210-67-P