[Federal Register Volume 77, Number 226 (Friday, November 23, 2012)]
[Notices]
[Pages 70175-70176]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-28364]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5603-N-83]


Notice of Submission of Proposed Information Collection to OMB; 
Public Housing Mortgage Program and Section 30

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.
    Section 516 of the Quality Housing and Work Responsibility Act of 
1998 (QHWRA) (Pub. L. 105-276, October 21, 1998) added Section 30, 
Public Housing Mortgages and Security Interest, to the United States 
Housing Act of 1937 (1937 Act) (42 U.S.C. 1437z-2). Section 30 
authorizes the Secretary of the Department of Housing and Urban 
Development (HUD) to approve a Housing Authority's (HA) request to 
mortgage public housing real property or grant a security interest in 
other tangible forms of personal property if the proceeds of the loan 
resulting from the mortgage or security interest are used for low-
income housing uses. Public Housing Agencies (PHAs) must provide 
information to HUD for approval to allow PHAs to grant a mortgage in 
public housing real estate or a security interest in some tangible form 
of personal property owned by the PHA for the purposes of securing 
loans or other financing for modernization or development of low-income 
housing. The title of the information collection has been changed to be 
more clearly descriptive of the range of transactions that would be 
reviewed under this collection for compliance with Section 30. There 
are several circumstances other than a mixed finance transaction that 
would potentially trigger this collection. For example, most recently 
Energy Performance Contract (EPC) transactions that provide for a 
security interest in energy improvements have been reviewed for 
approval under Section 30.

DATES: Comments Due Date: December 24, 2012.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2577-0265) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-5806. Email: [email protected] fax: 202-395-5806.

FOR FURTHER INFORMATION CONTACT: Colette Pollard., Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 Seventh 
Street SW., Washington, DC 20410; email Colette Pollard at 
[email protected]. or telephone (202) 402-3400. This is not a 
toll-free number. Copies of available documents submitted to OMB may be 
obtained from Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that the

[[Page 70176]]

Department of Housing and Urban Development has submitted to OMB a 
request for approval of the Information collection described below. 
This notice is soliciting comments from members of the public and 
affecting agencies concerning the proposed collection of information 
to: (1) Evaluate whether the proposed collection of information 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 through 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 Proposed: Public Housing Mortgage Program and Section 30.
    OMB Approval Number: 2577-0265.
    Form Numbers: None.
    Description of the need for the information and proposed use: 
Section 516 of the Quality Housing and Work Responsibility Act of 1998 
(QHWRA) (Pub. L. 105-276, October 21, 1998) added Section 30, Public 
Housing Mortgages and Security Interest, to the United States Housing 
Act of 1937 (1937 Act) (42 U.S.C. 1437z-2). Section 30 authorizes the 
Secretary of the Department of Housing and Urban Development (HUD) to 
approve a Housing Authority's (HA) request to mortgage public housing 
real property or grant a security interest in other tangible forms of 
personal property if the proceeds of the loan resulting from the 
mortgage or security interest are used for low-income housing uses. 
Public Housing Agencies (PHAs) must provide information to HUD for 
approval to allow PHAs to grant a mortgage in public housing real 
estate or a security interest in some tangible form of personal 
property owned by the PHA for the purposes of securing loans or other 
financing for modernization or development of low-income housing. The 
title of the information collection has been changed to be more clearly 
descriptive of the range of transactions that would be reviewed under 
this collection for compliance with Section 30. There are several 
circumstances other than a mixed finance transaction that would 
potentially trigger this collection. For example, most recently Energy 
Performance Contract (EPC) transactions that provide for a security 
interest in energy improvements have been reviewed for approval under 
Section 30.

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                                                                        Number of          Annual                          Hours per
                                                                       respondents       responses            x             response      Burden  hours
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Reporting Burden...................................................              30                3   ...............          41.777            3,760
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    Total estimated burden hours: 3,760.
    Status: Revision of a currently approved collection.

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

    Dated: November 16, 2012.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2012-28364 Filed 11-21-12; 8:45 am]
BILLING CODE 4210-67-P