[Federal Register Volume 77, Number 226 (Friday, November 23, 2012)]
[Notices]
[Pages 70177-70178]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-28372]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5603-N-85]


Multifamily Housing Mortgage and Housing Assistance Restructuring 
Program (Mark to Market)

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.
    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/ApdxC), 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.

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 (2502-0533) 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 
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: Multifamily Housing Mortgage and Housing 
Assistance Restructuring Program (Mark to Market).
    OMB Approval Number: 2502-0533.
    Form Numbers: HUD 9625, HUD 9624.
    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

[[Page 70178]]

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/ApdxC), 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.

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                                            Number of          Annual              Hours per
                                           respondents       responses      x       response      Burden  hours
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Reporting Burden.......................           1,658                1   ...           1.454            2,412
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    Total estimated burden hours: 2,412.
    Status: Extension without change 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. 2012-28372 Filed 11-21-12; 8:45 am]
BILLING CODE 4210-67-P