[Federal Register Volume 68, Number 168 (Friday, August 29, 2003)]
[Notices]
[Pages 52050-52051]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-22086]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4820-N-35]


Notice of Proposed Information Collection: Comment Request; 
Application and Re-Certification Packages for Approval of Nonprofit 
Organizations in FHA Activities

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, 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 28, 2003.

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., L'Enfant Plaza Building, Room 8003, Washington, DC 20410, or 
[email protected].

FOR FURTHER INFORMATION CONTACT: Vance T. Morris, Director, Office of 
Single Family Program Development, Department of Housing and Urban 
Development, 451 7th Street, SW.,

[[Page 52051]]

Washington, DC 20410, telephone (202) 708-2121 (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 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: Application and Re-Certification Packages for 
Approval of Nonprofit Organizations for FHA Activities.
    OMB Control Number, if applicable: 2502-0540.
    Description of the need for the information and proposed use: The 
information collection is essential to the Department's mission to 
expand homeownership opportunities and strengthen neighborhoods and 
communities by standardizing the process throughout the country. The 
information that nonprofit organizations must submit to be eligible to 
participate as a mortgagor in HUD's single-family housing programs is 
in the form of an application, re-certification, or other reporting 
criteria. 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. 
Each nonprofit organization seeking to become approved as a mortgagor 
must submit a completed Application Package for Nonprofit Agency 
Approval and an Affordable Housing Plan-Format for Narrative to the 
appropriate HUD Homeownership Center (HOC). The Affordable Housing 
Plan-Format for Narrative details the nonprofit organization's plan to 
develop successful homeownership opportunities for low- and moderate-
income persons. Nonprofit agencies applying for approval to provide 
secondary financing only do not need to include an Affordable Housing 
Plan in their submission.
    Approvals granted to nonprofit applicants are for a period of two 
years. An approval letter will be issued setting forth the activities 
for which the nonprofit was approved to perform, and any conditions 
associated with the approval. Approvals granted by one HOC would be 
recognized and accepted by all others, with the exception of the 
affordable housing plan. The affordable housing plan must be approved 
by each HOC having jurisdiction over the areas in which the nonprofit 
agency wishes to do business. Nonprofit agencies must be re-certified 
by FHA every two years. Re-certification includes an updating of the 
nonprofit's activities. FHA has also placed a limitation on the number 
of 203(k) FHA insured mortgages a nonprofit may have at one time in 
order to ensure that nonprofit agencies do not overextend their 
financial and management capabilities. Generally, a nonprofit agency 
will be prohibited from borrowing under the 203(k) program if the 
agency has 10 or more incomplete 203(k) developments at one time. This 
limitation may be waived based upon an exceptional performance record.
    Agency form numbers, if applicable: None.
    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 number of respondents are 
estimated to be 1,900 generating approximately 3,400 annual responses; 
the frequency of response is annually, biennially, and on occasion, the 
estimated time needed to prepare the responses varies from 3 hours to 
24 hours; and the total estimated annual burden hours are 23,200.
    Status of the proposed information collection: Extension of a 
currently approved collection.

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

    Dated: August 22, 2003.
Margaret A. Young,
Deputy Assistant Secretary for Finance and Budget.
[FR Doc. 03-22086 Filed 8-28-03; 8:45 am]
BILLING CODE 4210-27-M