[Federal Register Volume 65, Number 37 (Thursday, February 24, 2000)]
[Notices]
[Pages 9285-9286]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-4315]


-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4561-N-04]


Application and Re-certification Packages for Approval of 
Nonprofit Organizations in FHA Activities

AGENCY: Officer of the Assistant Secretary for Housing, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The proposed information collection requirement described 
below has been submitted to the Office of Management and Budget (OMB) 
for emergency review and approval, as required by the Paperwork 
Reduction Act. The Department is soliciting public comments on the 
subject proposal.

DATES: Comments Due Date: March 1, 2000.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name or OMB 
approval number should be sent to: Joseph F. Lackey, Jr., HUD Desk 
Officer, Office of Management and Budget, New Executive Office 
Building, Washington, DC 20410 (202) 395-7316.

FOR FURTHER INFORMATION CONTACT: Wayne Eddins, Reports Management 
Officer, Department of Housing and Urban Development, 451 7th Street, 
SW, Washington, DC 20410; e-mail Wayne _[email protected]; telephone 
(202) 708-2374. This is not a toll-free number. Copies of the proposed 
forms and other available documents submitted to OMB may be obtained 
from Mr. Eddins.

SUPPLEMENTARY INFORMATION: This Notice informs the public that the 
Department of Housing and Urban Development (HUD) has submitted to OMB, 
for emergency processing, an information collection package with 
respect to a application and re-certification packages for nonprofit 
organizations to participate in FHA activities. This emergency 
processing is essential to the Department's mission to expand 
homeownership opportunities and strengthen neighborhoods and 
communities by standardizing throughout the country, the information 
nonprofit organizations must submit to be considered acceptable to 
participate as a mortgagor in HUD's single family housing programs. 
Nonprofit organizations are viewed as a significant partner in 
rehabilitating and reselling residential housing to low and moderate 
income families, particularly in the nation's urban centers. The 
participation of nonprofit housing providers is critical to the success 
of the Cities 2000 Agenda which was announced by Secretary Cuomo on 
June 12, 1999 to boost homeownership in America's cities. HUD is 
requesting that OMB approve this information collection by February 21, 
2000.
    This Notice is soliciting comments from members of the public and 
affected agencies concerning the proposed collection of information to 
(1) Evaluation whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have

[[Page 9286]]

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 Proposed: Application and Re-certification Packages for 
Approval of Nonprofit Organizations for FHA Activities; Notice.
    OMB Control Number, if applicable: 2502-XXXX.
    Agency Form Number, if applicable: None.
    Members of affected public: Nonprofit organizations wishing to 
participate in FHA activities.
    Description of the Need for the Information and its Proposed use: 
The National Housing Act permits nonprofit organizations to act as 
mortgagors, to use FHA insured mortgages to finance the purchase and 
rehabilitation of housing for subsequent resale. Approved nonprofits 
may also purchase HUD's Real Estate Owned Properties at a discount, and 
provide downpayment assistance to homebuyers in the form of secondary 
financing. It is vital that the Department periodically and uniformly 
assess the management and financial ability of participating nonprofit 
agencies to ensure they are not overextending their capabilities and 
increasing HUD's risk of loss as a mortgage insurance provider.
    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 
are estimated to be 2,500, an average of 81,000 annual burden hours are 
estimated, and the frequency of responses is estimated to be once every 
two years.
    Status of the proposed information collection: Pending OMB 
approval.

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

    Dated: February 17, 2000.
Wayne Eddins,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 00-4315 Filed 2-23-00; 8:45 am]
BILLING CODE 4210-27-M