[Federal Register Volume 61, Number 220 (Wednesday, November 13, 1996)]
[Notices]
[Pages 58204-58205]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28962]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4086-N-67]


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: January 13, 1997.

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 and Urban Development, 451--7th Street, SW, Room 
9116, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT:
 Jane E. Luton, telephone number (202) 708-2556; extension 2537 (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

[[Page 58205]]

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: 24 CFR, Part 266, Housing Finance Agency Risk-
Sharing Program for Insured Affordable Multifamily Project Loans.
    OMB Control Number: 2502-0500.
    Description of the need for the information and proposed use: 
Section 542(c) of the Housing and Urban Development Act of 1992 directs 
HUD to implement a pilot program of risk-sharing with State and local 
housing finance agencies (HFAs). Under this program, HUD provides full 
mortgage insurance on multifamily housing projects whose loans are 
underwritten, processed and serviced by HFAs. The HFAs will reimburse 
HUD a certain percentage of any loss under an insured loan depending 
upon the level of risk the HFA contracts to assume.
    The regulatory authority for this program is set forth in 24 CFR 
266, published in final form on December 5, 1994. This regulation was 
amended on February 29, 1996, as part of the President's regulatory 
reinvention effort. Accordingly, the collection of this information is 
consistent with statutory requirements.
    Agency form numbers: None.
    Members of affected public: An estimation of the total number of 
hours needed to prepare the information collection is 18,051, the 
number of respondents is 330, frequency of response is 1, and the hours 
of response is 547.
    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: November 4, 1996.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 96-28962 Filed 11-12-96; 8:45 am]
BILLING CODE 4210-27-M