[Federal Register Volume 84, Number 161 (Tuesday, August 20, 2019)]
[Notices]
[Pages 43099-43100]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17799]


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

DEPARTMENT OF AGRICULTURE

Rural Housing Service


Information Collection Activity; Comment Request

AGENCY:  Rural Housing Service (RHS), USDA.

ACTION: Notice and request for comment.

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

SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the 
United States Department of Agriculture (USDA) Rural Housing Service 
(RHS) invites comments on this information collection for which 
approval from the Office of Management and Budget (OMB) will be 
requested.

DATES: Comments on this notice must be received by October 21, 2019.

FOR FURTHER INFORMATION CONTACT:  Thomas P. Dickson, Rural Development 
Innovation Center--Regulatory Team 2, USDA, 1400 Independence Avenue 
SW, STOP 1522, South Building, Washington, DC 20250-1522. Telephone: 
(202) 690-4492. Email [email protected].

SUPPLEMENTARY INFORMATION: 

[[Page 43100]]

    Title: Section 515 Multifamily Preservation and Revitalization 
(MPR) Demonstration Program.
    OMB Control Number: 0575-0190.
    Type of Request: Extension of currently approved information 
collection.
    Abstract: The Agriculture, Rural Development, Food and Drug 
Administration, and Related Agencies Appropriation Act, 2006 (Pub. L. 
109-97) provides funding for, and authorizes Rural Development to 
conduct a demonstration program for the preservation and revitalization 
of the Section 515 Multi-Family Housing portfolio. Section 515 of the 
Housing Act of 1949 (42 U.S.C. 1485) provides Rural Development the 
authority to make loans for low-income Multi-Family Housing and related 
facilities.
    Rural Development refers to this program as Multifamily 
Preservation and Revitalization (MPR) Demonstration Program. A Notice 
of Solicitation for Applications (NOSA) sets forth the eligibility and 
application requirements. Information will be collected from applicants 
and grant recipients by Rural Development staff in its Local, Area, 
State, and National Offices. This information will be used to determine 
applicant eligibility for this demonstration program. If an applicant 
proposal is selected, that applicant will be notified of the selection 
and given the opportunity to submit a formal application.
    This MPR demonstration program continues to adjust the various 
opportunities available to demonstrate effective methods of providing 
the needed financial resources not otherwise available to current 
owners and transferees. Using alternative forms of financing, these 
owners will preserve existing Agency-financed Rural Rental Housing and 
Farm Labor Housing and extend the property's useful life for tenants 
meeting RD eligibility requirements. Since the inception of the MPR 
demonstration program in 2006, revisions and adjustments in the nature 
of the program have necessitated certain revisions in the context, 
formatting and use of the original forms in this package to permit RD's 
ability to provide these needed financial opportunities. To meet 
current Agency NOSA, regulatory and industry standards, the following 
forms are being revised, reformatted and/or renamed in some instances 
to provide clarity and consistency in their practical use and 
application:

 MPR Pre-Application
 Debt Deferral Agreement
 Restrictive-Use Covenant
 Restrictive-Use Subordination Agreement
 MPR Grant Agreement
 MPR Loan and Grant Resolution (non-profit corporation)
 Restructuring Conditional Commitment (renamed: MPR Offer and 
Conditional Commitment)
 Addendum to Debt Deferral Agreement
 Subordination Agreement

    Estimate of Burden: Public reporting burden for this collection of 
information is estimated to average 1 hour per response.
    Respondents: Individuals, partnerships, public and private non-
profit corporations, agencies, institutions, organizations, and Indian 
tribes.
    Estimated Number of Respondents: 1,500.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Burden on Respondents: 18,701 hours.
    Copies of this information collection can be obtained from Taylor 
Abens, Rural Development Innovation Center--Regulatory Team 2, USDA, 
1400 Independence Avenue SW, STOP 1522, Room 4233, South Building, 
Washington, DC 20250-1522. Telephone: (712) 203-5625. Email 
[email protected]. All responses to this notice will be summarized 
and included in the request for OMB approval. All comments will also 
become a matter of public record.

Bruce W. Lammers,
Administrator, Rural Housing Service.
[FR Doc. 2019-17799 Filed 8-19-19; 8:45 am]
 BILLING CODE 3410-XV-P