[Federal Register Volume 70, Number 190 (Monday, October 3, 2005)]
[Notices]
[Pages 57614-57615]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-19756]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4975-N-32]


Notice of Proposed Information Collection: Comment Request; 
Housing Finance Agency Risk-Sharing Program

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: December 2, 2005.

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 8001, Washington, DC 20410 or 
[email protected].

FOR FURTHER INFORMATION CONTACT: Joseph E. Malloy, Director, Office of 
Multifamily Development, Department of Housing and Urban Development, 
451 7th Street SW., Washington, DC 20410, telephone (202) 708-1142 
(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: Housing Finance Agency Risk-Sharing Program.
    OMB Control Number, if applicable: 2502-0500.

[[Page 57615]]

    Description of the need for the information and proposed use: 
Section 542 of the Housing and Development Act of 1992 directs HUD to 
implement 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 Department requires information collection of loan origination, 
loan closing, loan management, and servicing in accordance with 24 CFR 
266 and HUD Handbook 4590.01. This information must be available to the 
Department to assess HFA compliance with program regulations and 
guidelines.
    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 is 808, the 
frequency of responses is annually, semi-annually, and on occasion, for 
a total of 3,554 total annual responses. The estimated time to prepare 
collection varies from 30 minutes to 35 hours, for total annual burden 
hours of 11,804.
    Status of the proposed information collection: This is a 
reinstatement, with change, of a previously approved collection for 
which approval was discontinued.

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

    Dated: September 27, 2005.
Frank L. Davis,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing 
Commissioner.
[FR Doc. 05-19756 Filed 9-30-05; 8:45 am]
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