[Federal Register Volume 71, Number 212 (Thursday, November 2, 2006)]
[Notices]
[Pages 64548-64549]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-18433]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5041-N-43]


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.

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

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: January 2, 2007.

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: Lillian Deitzer, 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: Margaret Burns, Director, Office of 
Single Family Program Development, Department of Housing and Urban 
Development, 451 7th Street, SW., 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 significant partners 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

[[Page 64549]]

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 activites. 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 583 generating approximately 583 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 6,156.
    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: October 26, 2006.
Frank L. Davis,
General Deputy Assistant Secretary for Housing--Deputy Federal Housing 
Commissioner.
 [FR Doc. E6-18433 Filed 11-1-06; 8:45 am]
BILLING CODE 4210-67-P