[Federal Register Volume 77, Number 226 (Friday, November 23, 2012)]
[Notices]
[Pages 70177-70178]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-28372]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5603-N-85]
Multifamily Housing Mortgage and Housing Assistance Restructuring
Program (Mark to Market)
AGENCY: Office of the Chief Information Officer, HUD.
ACTION: Notice.
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SUMMARY: The proposed information collection requirement described
below has been 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.
The Mark to Market Program is authorized under the Multifamily
Assisted Housing Reform and Affordability Act of 1997 as extended by
the Market to Market Extension Act of 2001. The information collection
is required and will be used to determine the eligibility of FHA
insured multifamily properties for participation in the Mark to Market
program and the terms on which such participation should occur as well
as to process eligible properties from acceptance into the program
through closing of the mortgage restructure in accordance with program
guidelines. The result of participation in the program is the
refinancing and restructure of the property's FHA insured mortgage and,
generally the reduction of Section 8 rent payments and establishment of
adequately funded accounts to fund required repair and rehabilitation
of the property. Agency form numbers, if applicable: Operating
Procedures Guide (OPG) Forms: Accommodation Agreement--Debt Assgn--TPA
Post Restr (Form/Apdx C), Accommodation Agreement--Debt Forgiveness--
TPA Post Restr (Form/Apdx C), Agreement of Assignment of Debt to QNP
(Form/ApdxC), Allonge--Debt Assignment From QNP (Form/Apdx C),
Allonge--Debt Assignment to QNP (Form/Apdx C), Assignment of Debt from
QNP (Form/Apdx C), Assumption & Modification of Use Agmt (Assignment)
(Form/Apdx C), Assumption and Modification of Use Agreement--
Forgiveness (Form/Apdx C), OPG 11.1, OPG 3.1, OPG 3.2, OPG 3.3, OPG
3.4, OPG 4.10, OPG 4.11, OPG 4.12, OPG 4.2, OPG 4.3, OPG 4.4, OPG 4.7,
OPG 4.8, OPG 5.4, OPG 5.5, OPG 7.11, OPG 7.12, OPG 7.13, OPG 7.14, OPG
7.21, OPG 7.22, OPG 7.23, OPG 7.25, OPG 7.4, OPG 7.8.
DATES: Comments Due Date: December 24, 2012.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name and/or OMB
approval Number (2502-0533) and should be sent to: HUD Desk Officer,
Office of Management and Budget, New Executive Office Building,
Washington, DC 20503; fax: 202-395-5806. Email: [email protected] fax: 202-395-5806.
FOR FURTHER INFORMATION CONTACT: Colette Pollard., Reports Management
Officer, QDAM, Department of Housing and Urban Development, 451 Seventh
Street SW., Washington, DC 20410; email Colette Pollard at
[email protected]. or telephone (202) 402-3400. This is not a
toll-free number. Copies of available documents submitted to OMB may be
obtained from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This notice informs the public that the
Department of Housing and Urban Development has submitted to OMB a
request for approval of the Information collection described below.
This notice is soliciting comments from members of the public and
affecting 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 Proposed: Multifamily Housing Mortgage and Housing
Assistance Restructuring Program (Mark to Market).
OMB Approval Number: 2502-0533.
Form Numbers: HUD 9625, HUD 9624.
Description of the need for the information and proposed use: The
Mark to Market Program is authorized under the Multifamily Assisted
Housing Reform and Affordability Act of 1997 as extended by the Market
to Market Extension Act of 2001. The information collection is required
and will be used to determine the eligibility of FHA insured
multifamily properties for participation in the Mark to Market program
and the terms on which such participation should occur as well as to
process eligible properties from acceptance into the program through
closing of the mortgage restructure in accordance with program
guidelines. The result of participation in the program is the
refinancing and restructure of the property's FHA
[[Page 70178]]
insured mortgage and, generally the reduction of Section 8 rent
payments and establishment of adequately funded accounts to fund
required repair and rehabilitation of the property. Agency form
numbers, if applicable: Operating Procedures Guide (OPG) Forms:
Accommodation Agreement--Debt Assgn--TPA Post Restr (Form/Apdx C),
Accommodation Agreement--Debt Forgiveness--TPA Post Restr (Form/Apdx
C), Agreement of Assignment of Debt to QNP (Form/ApdxC), Allonge--Debt
Assignment From QNP (Form/Apdx C), Allonge--Debt Assignment to QNP
(Form/Apdx C), Assignment of Debt from QNP (Form/Apdx C), Assumption &
Modification of Use Agmt (Assignment) (Form/Apdx C), Assumption and
Modification of Use Agreement--Forgiveness (Form/Apdx C), OPG 11.1, OPG
3.1, OPG 3.2, OPG 3.3, OPG 3.4, OPG 4.10, OPG 4.11, OPG 4.12, OPG 4.2,
OPG 4.3, OPG 4.4, OPG 4.7, OPG 4.8, OPG 5.4, OPG 5.5, OPG 7.11, OPG
7.12, OPG 7.13, OPG 7.14, OPG 7.21, OPG 7.22, OPG 7.23, OPG 7.25, OPG
7.4, OPG 7.8.
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Number of Annual Hours per
respondents responses x response Burden hours
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Reporting Burden....................... 1,658 1 ... 1.454 2,412
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Total estimated burden hours: 2,412.
Status: Extension without change a currently approved collection.
Authority: Section 3507 of the Paperwork Reduction Act of 1995,
44 U.S.C. 35, as amended.
Dated: November 16, 2012.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information
Officer.
[FR Doc. 2012-28372 Filed 11-21-12; 8:45 am]
BILLING CODE 4210-67-P