[Federal Register Volume 61, Number 144 (Thursday, July 25, 1996)]
[Notices]
[Page 38757]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-18853]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4099-N-03]


Office of the Assistant Secretary for Housing-Federal Housing 
Commission; Notice of Proposed Information Collection for Public 
Comment

AGENCY: Office of the Assistant Secretary for Housing, 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: September 23, 1996.

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: Oliver Walker, Housing, 
Department of Housing & Urban Development, 451--7th Street, SW., Room 
9116, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT:
George Dipman, telephone number (202) 708-0614, Ext. 2547 (this is not 
a toll-free number) for copies of the proposed forms and other 
available documents.

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).

    The 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 Proposal: Mark to Market/Portfolio Reengineering 
Demonstration Program Guidelines Proposal Submission Requirements and 
Processing.
    OMB Control Number: 2502-xxxx.
    Descripton of the need for the information and proposed use: This 
information collection is required for the application and processing 
procedures for a demonstration program that is designed to restructure 
the financing of projects that have FHA-insured mortgages and that 
receive Section 8 rent assistance. The purpose of the Congressionally 
authorized demonstration is to test the feasibility and desirability of 
multifamily projects meeting their financial and other obligations with 
or without FHA insurance and/or Section 8 assistance. In negotiating 
agreements with eligible project owners, HUD must act to protect the 
financial interest of the Federal government, while taking into account 
the need for assistance of low- and very low-income tenants. HUD 
anticipates that, over time, it will publish additional guidance that 
reflects the experience derived through the execution of successful 
agreements with project owners.
    Agency Form Numbers: None.
    Members of Affected Public: Owners of Projects that have FHA-
insured Mortgages and receive Section 8 Rent Assistance.
    An estimation of the total numbers of hours needed to prepare the 
information collection is 160,000, the number of respondents is 200, 
frequency of response is 1, and the hours of response is 80.
    Status of the Proposed Information Collection: Extension.

    Authority: Section 3506 of the Paperwork Reduction Act of 1995, 
44 U.S.C., Chapter 35, as amended.

    Dated: July 18, 1996.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 96-18853 Filed 7-24-96; 8:45 am]
BILLING CODE 4210-27-M