[Federal Register Volume 68, Number 108 (Thursday, June 5, 2003)]
[Notices]
[Pages 33730-33731]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-14084]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4815-N-27]


Notice of Submission of Proposed Information Collection to OMB: 
Multifamily Housing Mortgage and Housing Assistance Restructuring 
Program (Mark to Market)

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below has been 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: July 7, 2003.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval number (2502-0533) and should be sent to: Lauren Wittenberg, 
OMB Desk Officer, Office of Management and Budget, Room 10235, New 
Executive Office Building, Washington, DC 20503; Fax number (202) 395-
6974; e-mail [email protected].

FOR FURTHER INFORMATION CONTACT: Wayne Eddins, Reports Management 
Officer, AYO, Department of Housing and Urban Development, 451 Seventh 
Street, Southwest, Washington, DC 20410; e-mail [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: The Department has submitted the proposal 
for the collection of information, as described below, to OMB for 
review, as required by the Paperwork Reduction Act (44 U.S.C. Chapter 
35). The Notice lists the following information: (1) The title of the 
information collection proposal; (2) the office of the agency to 
collect the information; (3) the OMB approval number, if applicable; 
(4) the description of the need for the information and its proposed 
use; (5) the agency form number, if applicable; (6) what members of the 
public will be affected by the proposal; (7) how frequently information 
submissions will be required; (8) an estimate of the total number of 
hours needed to prepare the information submission including

[[Page 33731]]

number of respondents, frequency of response, and hours of response; 
(9) whether the proposal is new, an extension, reinstatement, or 
revision of an information collection requirement; and (10) the name 
and telephone number of an agency official familiar with the proposal 
and of the OMB Desk Officer for the Department.
    This Notice also lists the following information:
    Title of Proposal: Multifamily Housing Mortgage and Housing 
Assistance Restructuring Program (Mark to Market).
    OMB Approval Number: 2502-0533.
    Form Numbers: HUD-9624, HUD-9625.
    Description of the Need for the Information and Its Proposed Use: 
The Mark-to-Market Program is authorized under the Multifamily Assisted 
Housing Reform and Affordability Act of 1997. The information 
collection is used to determine the eligibility of FHA-insured 
multifamily properties for participation in the Mark-to-Market program 
and the terms on which participation should occur. The program reduces 
Section 8 rents to market and restructures debt as necessary. The 
purpose of the program is to preserve low-income rental housing 
affordability while reducing the long-term costs of Federal rental 
assistance, including project-based assistance, and minimizing the 
adverse effect on the FHA insurance funds.
    Respondents: Business or other for-profit, Not-for-Profit 
Institutions.
    Frequency of Submission: On occasion.

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                                     Number of              Annual             Hours per
                                    respondents     x     responses      x      response      =   Burden  hours
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Reporting Burden................             438   ..               1   ..             288   ..         125,947
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    Total Estimated Burden Hours: 125,947.
    Status: Extension of a currently approved collection.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. 35, as amended.

    Dated: May 29, 2003.
Wayne Eddins,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. 03-14084 Filed 6-4-03; 8:45 am]
BILLING CODE 4210-72-P