Notice2024-17665
30-Day Notice of Proposed Information Collection: Multifamily Housing Mortgage and Housing Assistance Restructuring Program (Mark-to-Market) OMB Control No.: 2502-0533
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
August 9, 2024
Issuing agencies
Housing and Urban Development Department
Abstract
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 an additional 30 days of public comment.
Full Text
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<title>Federal Register, Volume 89 Issue 154 (Friday, August 9, 2024)</title>
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[Federal Register Volume 89, Number 154 (Friday, August 9, 2024)]
[Notices]
[Pages 65380-65381]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-17665]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7080-N-34]
30-Day Notice of Proposed Information Collection: Multifamily
Housing Mortgage and Housing Assistance Restructuring Program (Mark-to-
Market) OMB Control No.: 2502-0533
AGENCY: Office of Policy Development and Research, Chief Data Officer,
HUD.
ACTION: Notice.
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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 an additional 30 days of
public comment.
DATES: Comments Due Date: September 9, 2024.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Interested
persons are also invited to submit comments regarding this proposal and
comments should refer to the proposal by name and/or OMB Control Number
and should be sent to: Colette Pollard, Clearance Officer, REE,
Department of Housing and Urban Development, 451 7th Street SW, Room
8210, Washington, DC 20410-5000; email
<a href="/cdn-cgi/l/email-protection#c393a2b3a6b1b4acb1a891a6a7b6a0b7aaacad82a0b78ca5a5aaa0a683abb6a7eda4acb5"><span class="__cf_email__" data-cfemail="91c1f0e1f4e3e6fee3fac3f4f5e4f2e5f8feffd0f2e5def7f7f8f2f4d1f9e4f5bff6fee7">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, REE, Department of Housing and Urban Development, 7th Street
SW, Room 8210, Washington, DC 20410; email <a href="/cdn-cgi/l/email-protection#7734181b120303125927181b1b160513371f021359101801"><span class="__cf_email__" data-cfemail="fbb894979e8f8f9ed5ab9497979a899fbb938e9fd59c948d">[email protected]</span></a> 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 or communication
disabilities. To learn more about how to make an accessible telephone
call, please visit <a href="https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs">https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs</a>.
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.
The Federal Register notice that solicited public comment on the
information collection for a period of 60 days was published on June 3,
2024 at 89 FR 47583.
A. Overview of Information Collection
Title of Information Collection: Multifamily Housing Mortgage and
Housing Assistance Restructuring Program (Mark-to-Market).
OMB Approval Number: 2502-0533.
Type of Request: Reinstatement, with change, of previously approved
collection for which approval has expired.
Form Numbers: Mark-to-Market (M2M)--HUD-9624, HUD-9625, OPG 3.1,
OPG 3.2, OPG 3.3, OPG 3.4, OPG 4.1, OPG 4.2, OPG 4.3, OPG 4.4, OPG 4.7,
OPG 4.8, OPG 4.10, OPG 4.11, OPG 4.12, OPG 5.4, OPG 5.5, OPG 6.5, OPG
7.4, OPG 7.6, OPG 7.8, OPG 7.11, OPG 7.12, OPG 7.13, OPG 7.14, OPG
7.16, OPG 7.21, OPG 7.22, OPG 7.23, OPG 7.25, OPG 9.10, OPG 9.11, OPG
11.1.
Post M2M documents--Accommodation Agreement (Debt Assignment),
Agreement of Assignment of MRN/CRN from QNP (Acquiring Purchaser),
Agreement of Assignment of MRN/CRN to QNP (Acquiring Purchaser),
Allonge--CRN Assignment from QNP, Allonge--CRN Assignment to QNP,
Allonge--MRN Assignment from QNP, Allonge--MRN Assignment to QNP,
Assignment, Assumption and Modification of M2M Use Agreement (QNP-Non-
Exception Rents), Assignment, Assumption and Modification of M2M Use
Agreement (QNP Exception Rents), Assignment, Assumption, and
Modification of M2M Use Agreement (Not QNP), General Guidance
Memorandum (GGM) Exhibits (Exhibit 1: Assignment and Assumption of M2M
Use Agreement, Exhibit 2: Subordination Agreement Mortgage Loan to M2M
Use Agreement, Exhibit 3A: Modification of M2M Use Agreement, Exhibit
3B: Assignment, Assumption and Modification of M2M Use Agreement (Not
QNP), Exhibit 4: Release from Land Records of Accommodation Agreement).
Description of the need for the information and proposed use: The
Mark to Market (M2M) Program is authorized under the Multifamily
Assisted Housing Reform and Affordability Act of 1997, modified, and
extended from time to time, including by the Mark to Market Extension
Act of 2001. M2M or the ``FHA-Insured Multifamily Housing Mortgage and
Housing Assistance Restructuring Program'' was originally authorized by
Title V of the Departments of Veterans Affairs and Housing and Urban
Development and Independent Agencies Appropriations Act of 1998 (Pub.
L. 105-65, 111 Stat. 1384, October 27, 1997). Title V created a
statutory program directed at FHA-insured multifamily projects that
have project-based Section 8 contracts with above-market rents.
The information collection is used to determine the eligibility of
FHA-insured or formerly insured multifamily properties for
participation in the M2M program and the terms on which such
participation should occur. The collection is also used to structure
the closing of debt restructures that are finalized under the program,
to track the post-closing performance of the restructures, to evaluate
the performance of the Agency's Participating Administrative Entities
(PAEs) in undertaking restructures on the Agency's behalf as the Agency
agent, and to facilitate subsequent transactions involving the
restructured properties under the Post-M2M program. Post-M2M is an
extended component of the M2M program and addresses the processing of
owner requests to refinance or to sell a property that has
[[Page 65381]]
received the benefits of a debt restructuring under M2M or M2M
Program's predecessor program, the Portfolio Reengineering
Demonstration Program (Demo Program).
Respondents: Owners, Contractors and Tenants.
Estimated Number of Respondents: 60.
Estimated Number of Responses: 1,591.
Frequency of Response: On Occasion.
Average Hours per Response: 35.
Total Estimated Burdens: 2,079.
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Number of Frequency of Responses per Burden hour per Annual burden Hourly cost per
Information collection respondents response annum response hours response Annual cost
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2502-0533.................... 60 On Occasion........ 1,591 35 2,079 $53 $108,373.75
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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:
(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.
(5) ways to minimize the burden of the collection of information on
those who are to respond, including the use of automated collection
techniques or other forms of information technology.
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.
Colette Pollard,
Department Reports Management Officer, Office of Policy Development and
Research, Chief Data Officer.
[FR Doc. 2024-17665 Filed 8-8-24; 8:45 am]
BILLING CODE 4210-67-P
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