89 FR 156 pgs. 65918-65919 - 60-Day Notice of Proposed Information Collection: Multifamily Project Applications and Construction Prior to Initial; OMB Control No.: 2502-0029
Type: NOTICEVolume: 89Number: 156Pages: 65918 - 65919
Pages: 65918, 65919Docket number: [Docket No. FR-7086-N-23]
FR document: [FR Doc. 2024-17987 Filed 8-12-24; 8:45 am]
Agency: Housing and Urban Development Department
Official PDF Version: PDF Version
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7086-N-23]
60-Day Notice of Proposed Information Collection: Multifamily Project Applications and Construction Prior to Initial; OMB Control No.: 2502-0029
AGENCY:
Office of the Assistant Secretary for Housing-Federal Housing Commissioner, HUD.
ACTION:
Notice.
SUMMARY:
HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment.
DATES:
Comments Due Date: October 15, 2024.
ADDRESSES:
Interested persons are invited to submit comments regarding this proposal. Written comments and recommendations for the proposed information collection can be sent within 60 days of publication of this notice to www.regulations.gov. Find this particular information collection by selecting "Currently under 60-day Review-Open for Public Comments" or by using the search function. Interested persons are also invited to submit comments regarding this proposal by name and/or OMB Control Number and should be sent to: Colette Pollard, Reports Management Officer, REE, Department of Housing and Urban Development, 451 7th Street SW, Room 8210, Washington, DC 20410; telephone (202) 402-3400 (this is not a toll-free number) or email: PaperworkReductionActOffice@hud.gov.
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management Officer, REE, Department of Housing and Urban Development, 451 7th Street SW, Washington, DC 20410; email Colette.Pollard@hud.gov or telephone (202) 402-3400. This is not a toll-free number. HUD welcomes and is prepared to receive calls from individuals who are deaf or hard of hearing, as well as individuals with speech and communication disabilities. To learn more about how to make an accessible telephone call, please visit: https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.
Copies of available documents submitted to OMB may be obtained from Ms. Pollard.
SUPPLEMENTARY INFORMATION:
This notice informs the public that HUD is seeking approval from OMB for the information collection described in Section A.
A. Overview of Information Collection
Title of Information Collection: Multifamily Project Applications and Construction Prior to Initial Closing.
OMB Approval Number: 2502-0029.
Type of Request: Reinstatement of approved collection for which approval has expired.
Form Number (s): HUD-92013, HUD-92013-SUPP, HUD-92013-A, HUD-92013-B, HUD-92013-C, HUD-92013-D, HUD-92264, HUD-92264-A, HUD-92273, HUD-92274, HUD-92326, HUD-92329, HUD-92331, HUD-92415, HUD-92447, HUD-92452, HUD-92485, HUD-91708, HUD-92010, FM-1006, HUD-2880, HUD-92466, (Rider Forms-HUD-92466-R1, -92466-R2, -92466-R3, -92466-R4, -92466-R5), HUD-92466M, HUD-2408 HUD-95379 and HUD-2.
Description of the need for the information and proposed use: The information collection is utilized during the processing of an application for FHA insured mortgage. The respondents are owners/sponsors, general contractors, lenders, and others involved in multifamily housing projects/rehabs. One of the options used in processing an application for FHA insured mortgage is Multifamily Application Processing (MAP). Third party contractors for mortgage insurance perform MAP. Mortgagors submit application for Multifamily Projects, to an approved lender for a project to be insured by HUD. The lender's underwriters will complete all processing forms and submit them to HUD. The contractors involved are architects, cost analysts, appraisers, and mortgage credit analysts. An environmental review is also conducted, as well as a market analysis.
The information collection allows the multifamily staff to determine the appropriate mortgage insurance premium to apply in the underwriting of the loan for an FHA insured mortgage.
Respondents: FHA lenders, borrowers, participating in HUD Multifamily mortgage insurance programs as principals of sponsors, mortgagors, and general contractors.
Estimated Number of Respondents: 23,588.
| Information collection | Number of respondents | Frequency of response | Responses per annum | Burden hour per response | Annual burden hours | Hourly cost per response | Annual cost |
|---|---|---|---|---|---|---|---|
| 26 Application Forms | 23,588 | 1 | 34,588 | 9 | 383,056 | $51.00 | $19,543,856 |
B. Solicitation of Public Comment
This notice is soliciting comments from members of the public and affected parties concerning the collection of information described in Section A on the following:
[top] (1) 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) The accuracy of the agency's estimate of the burden of the proposed collection of information;
(3) Ways to enhance the quality, utility, and clarity of the information to be collected; and
(4) Ways to 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.
HUD encourages interested parties to submit comment in response to these questions.
C. Authority
Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. chapter 35.
Jeffrey D. Little,
General Deputy Assistant Secretary, Office of Housing.
[FR Doc. 2024-17987 Filed 8-12-24; 8:45 am]
BILLING CODE 4210-67-P