[Federal Register Volume 77, Number 122 (Monday, June 25, 2012)]
[Notices]
[Page 37917]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-15455]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5607-N-22]


Notice of Proposed Information Collection: Comment Request; 
Multifamily Housing Mortgage and Housing Assistance Restructuring 
Program (Mark to Market)

AGENCY: Office of Affordable Housing Preservation, 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: August 24, 2012.

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: Reporting Liaison Officer, 
Department of Housing and Urban Development, 451 7th Street SW., 
Washington, DC 20410, Room 9120 or the number for the Federal 
Information Relay Service (1-800-877-8339).

FOR FURTHER INFORMATION CONTACT: Patricia P. Casey, Debt Restructuring 
Specialist, Office of Affordable Housing Preservation, 451 7th Street 
SW., Suite 6230, Washington DC 20410; email [email protected]; 
telephone (202) 245-4191 (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: Multifamily Housing Mortgage and Housing 
Assistance Restructuring Program (Mark to Market).
    OMB Control Number, if applicable: 2502-0533.
    Description of the need for the information and proposed use: The 
Mark to Market Program is authorized under the Multifamily Assisted 
Housing Reform and Affordability Act of 1997 as extended by the Market 
to Market Extension Act of 2001. The information collection is required 
and will be used to determine the eligibility of FHA-insured 
multifamily properties for participation in the Mark to Market program 
and the terms on which such participation should occur as well as to 
process eligible properties from acceptance into the program through 
closing of the mortgage restructure in accordance with program 
guidelines. The result of participation in the program is the 
refinancing and restructure of the property's FHA-insured mortgage and, 
generally the reduction of Section 8 rent payments and establishment of 
adequately funded accounts to fund required repair and rehabilitation 
of the property.
    Agency form numbers, if applicable: Operating Procedures Guide 
(OPG) Forms: Accommodation Agreement--Debt Assgn--TPA Post Restr (Form/
Apdx C), Accommodation Agreement--Debt Forgiveness--TPA Post Restr 
(Form/Apdx C), Agreement of Assignment of Debt to QNP (Form/Apdx C), 
Allonge--Debt Assignment From QNP (Form/Apdx C), Allonge--Debt 
Assignment to QNP (Form/Apdx C), Assignment of Debt from QNP (Form/Apdx 
C), Assumption & Modification of Use Agmt (Assignment) (Form/Apdx C), 
Assumption and Modification of Use Agreement--Forgiveness (Form/Apdx 
C), OPG 11.1, OPG 3.1, OPG 3.2, OPG 3.3, OPG 3.4, OPG 4.10, OPG 4.11, 
OPG 4.12, OPG 4.2, OPG 4.3, OPG 4.4, OPG 4.7, OPG 4.8, OPG 5.4, OPG 
5.5, OPG 7.11, OPG 7.12, OPG 7.13, OPG 7.14, OPG 7.21, OPG 7.22, OPG 
7.23, OPG 7.25, OPG 7.4, OPG 7.8.
    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 annual burden hours is 
1,331.5, the number of responses is 853, the frequency of response is 
1, and the burden hour per response on average is 1.5.
    Status of the proposed information collection: Revision of a 
currently approved collection.

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

    Dated: June 20, 2012.
Laura M. Marin,
Acting General Deputy Assistant Secretary for Housing--Acting General 
Deputy Federal Housing Commissioner.
[FR Doc. 2012-15455 Filed 6-22-12; 8:45 am]
BILLING CODE 4210-67-P