[Federal Register Volume 64, Number 161 (Friday, August 20, 1999)]
[Notices]
[Page 45560]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-21654]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4298-N-06]


Notice of Proposed Information Collection: Comment Request

AGENCY: Office of Multifamily Housing Assistance Restructuring, 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: October 19, 1999.

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: Wayne Eddins, Reports Management 
Officer, Department of Housing and Urban Development, 451 7th Street, 
SW, Room 4176, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Ira G. Peppercorn, Director, Office of 
Multifamily Housing Assistance and Restructuring, Department of Housing 
and Urban Development, 451 7th Street, SW, Washington, DC 20410, 
telephone (202) 708-3000 (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 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 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: Multifamily Housing Mortgage and Housing 
Assistance Restructuring Program (Mark to Market) Interim Program 
Regulations.
    OMB Control Number, if applicable: 2502-0533.
    Description of the need for the information and proposed use: 
Permanent program to analyze and reduce rents and mortgages on 
multifamily properties with FHA insurance and Section 8 project-based 
assistance, whose Section 8 rents exceed market rents. The program 
reduces Section 8 rents to market and restructures debt as necessary.
    Agency form numbers, if applicable: N/A.
    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 estimated number of respondents is 
1595, frequency of responses is 1, and the hours of response is 420.25 
hours per response.
    Status of the proposed information collection: Ongoing for the next 
3 years.

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

    Dated: August 8, 1999.
Ira G. Peppercorn,
Director, Office of Multifamily Housing Assistance and Restructuring.
[FR Doc. 99-21654 Filed 8-19-99; 8:45 am]
BILLING CODE 4210-01-M