[Federal Register: November 2, 2006 (Volume 71, Number 212)]
[Notices]
[Page 64548-64549]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr02no06-54]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5041-N-43]
Notice of Proposed Information Collection: Comment Request;
Application and Re-Certification Packages for Approval of Nonprofit
Organizations in FHA Activities
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice.
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SUMMARY: The proposed 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.
DATES: Comments Due Date: January 2, 2007.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name and/or OMB
Control Number and should be sent to: Lillian Deitzer, Reports
Management Officer, Department of Housing and Urban Development, 451
7th Street, SW., L'Enfant Plaza Building, Room 8003, Washington, DC
20410 or Lillian_Deitzer@hud.gov.
FOR FURTHER INFORMATION CONTACT: Margaret Burns, Director, Office of
Single Family Program Development, Department of Housing and Urban
Development, 451 7th Street, SW., Washington, DC 20410, telephone (202)
708-2121 (this is not a toll free number) for copies of the proposed
forms and other available information.
SUPPLEMENTARY INFORMATION: The Department is submitting 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 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 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: Application and Re-certification Packages for
Approval of Nonprofit Organizations for FHA Activities.
OMB Control Number, if applicable: 2502-0540.
Description of the need for the information and proposed use: The
information collection is essential to the Department's mission to
expand homeownership opportunities and strengthen neighborhoods and
communities by standardizing the process throughout the country. The
information that nonprofit organizations must submit to be eligible to
participate as a mortgagor in HUD's single-family housing programs is
in the form of an application, re-certification, or other reporting
criteria. Nonprofit organizations are viewed as significant partners in
rehabilitating and reselling residential housing to low- and moderate-
income families, particularly in the nation's urban centers. Each
nonprofit organization seeking to become approved as a mortgagor must
submit a completed Application Package for Nonprofit Agency Approval
and an Affordable Housing Plan--Format for Narrative to the appropriate
HUD Homeownership Center (HOC). The Affordable Housing Plan--Format for
Narrative details the nonprofit organization's plan to develop
successful homeownership opportunities for low- and moderate-income
persons. Nonprofit agencies applying for approval to provide secondary
financing only do not need to include an Affordable Housing Plan in
their submission.
Approvals granted to nonprofit applicants are for a period of two
years. An approval letter will be issued setting
[[Page 64549]]
forth the activities for which the nonprofit was approved to perform,
and any conditions associated with the approval. Approvals granted by
one HOC would be recognized and accepted by all others, with the
exception of the affordable housing plan. The affordable housing plan
must be approved by each HOC having jurisdiction over the areas in
which the nonprofit agency wishes to do business. Nonprofit agencies
must be re-certified by FHA every two years. Re-certification includes
an updating of the nonprofit's activites. FHA has also placed a
limitation on the number of 203(k) FHA insured mortgages a nonprofit
may have at one time in order to ensure that nonprofit agencies do not
overextend their financial and management capabilities. Generally, a
nonprofit agency will be prohibited from borrowing under the 203(k)
program if the agency has 10 or more incomplete 203(k) developments at
one time. This limitation may be waived based upon an exceptional
performance record.
Agency form numbers, if applicable: None.
Estimation of the total numbers of hours needed to prepare the
information collection including number of respondents, frequency of
response, and hours of response: The number of respondents are
estimated to be 583 generating approximately 583 annual responses; the
frequency of response is annually, biennially, and on occasion, the
estimated time needed to prepare the responses varies from 3 hours to
24 hours; and the total estimated annual burden hours are 6,156.
Status of the proposed information collection: Extension of a
currently approved collection.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C.,
Chapter 35, as amended.
Dated: October 26, 2006.
Frank L. Davis,
General Deputy Assistant Secretary for Housing--Deputy Federal Housing
Commissioner.
[FR Doc. E6-18433 Filed 11-1-06; 8:45 am]
BILLING CODE 4210-67-P