[Federal Register Volume 89, Number 107 (Monday, June 3, 2024)]
[Notices]
[Pages 47583-47584]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12095]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7086-N-10]


60-Day Notice of Proposed Information Collection: Multifamily 
Housing Mortgage and Housing Assistance Restructuring Program (Mark-to-
Market); OMB Control No.: 2502-0533

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, Department of Housing and Urban Development (HUD).

ACTION: Notice.

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SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for 60 days of public comment.

DATES: Comments Due Date: July 18, 2024.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection can be sent within 60 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 60-day Review--
Open for Public Comments'' or by using the search function. Interested 
persons are also invited to submit comments regarding this proposal by 
name and/or OMB Control Number and should be sent to: Colette Pollard, 
Reports Management Officer, REE, Department of Housing and Urban 
Development, 451 7th Street SW, Room 8210, Washington, DC 20410-5000; 
telephone (202) 402-3577 (this is not a toll-free number) or email: 
[email protected].

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, REE, Department of Housing and Urban Development, 451 7th 
Street, SW, Washington, DC 20410; email; [email protected] or 
telephone 202-402-3400. This is not a toll-free number. HUD welcomes 
and is prepared to receive calls from individuals who are deaf or hard 
of hearing, as well as individuals with speech and communication 
disabilities. To learn more about how to make an accessible telephone 
call, please visit https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs. Copies of available documents 
submitted to OMB may be obtained from Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.

A. Overview of Information Collection

    Title of Information Collection: Multifamily Housing Mortgage and

[[Page 47584]]

Housing Assistance Restructuring Program (Mark-to-Market).
    OMB Approval Number: 2502-0533.
    Type of Request: Reinstatement, with change, of previously approved 
collection for which approval has expired.
    Form Numbers: Mark-to-Market (M2M)--HUD-9624, HUD-9625, OPG 3.1, 
OPG 3.2, OPG 3.3, OPG 3.4, OPG 4.1, OPG 4.2, OPG 4.3, OPG 4.4, OPG 4.7, 
OPG 4.8, OPG 4.10, OPG 4.11, OPG 4.12, OPG 5.4, OPG 5.5, OPG 6.5, OPG 
7.4, OPG 7.6, OPG 7.8, OPG 7.11, OPG 7.12, OPG 7.13, OPG 7.14, OPG 
7.16, OPG 7.21, OPG 7.22, OPG 7.23, OPG 7.25, OPG 9.10, OPG 9.11, OPG 
11.1.
    Post M2M documents--Accommodation Agreement (Debt Assignment), 
Agreement of Assignment of MRN/CRN from QNP (Acquiring Purchaser), 
Agreement of Assignment of MRN/CRN to QNP (Acquiring Purchaser), 
Allonge--CRN Assignment from QNP, Allonge--CRN Assignment to QNP, 
Allonge--MRN Assignment from QNP, Allonge--MRN Assignment to QNP, 
Assignment, Assumption and Modification of M2M Use Agreement (QNP-Non-
Exception Rents), Assignment, Assumption and Modification of M2M Use 
Agreement (QNP Exception Rents), Assignment, Assumption, and 
Modification of M2M Use Agreement (Not QNP), General Guidance 
Memorandum (GGM) Exhibits (Exhibit 1: Assignment and Assumption of M2M 
Use Agreement, Exhibit 2: Subordination Agreement Mortgage Loan to M2M 
Use Agreement, Exhibit 3A: Modification of M2M Use Agreement, Exhibit 
3B: Assignment, Assumption and Modification of M2M Use Agreement (Not 
QNP), Exhibit 4: Release from Land Records of Accommodation Agreement).
    Description of the need for the information and proposed use: The 
Mark to Market (M2M) Program is authorized under the Multifamily 
Assisted Housing Reform and Affordability Act of 1997, modified, and 
extended from time to time, including by the Mark to Market Extension 
Act of 2001. M2M or the ``FHA-Insured Multifamily Housing Mortgage and 
Housing Assistance Restructuring Program'' was originally authorized by 
Title V of the Departments of Veterans Affairs and Housing and Urban 
Development and Independent Agencies Appropriations Act of 1998 (Pub. 
L. 105-65, 111 Stat. 1384, October 27, 1997). Title V created a 
statutory program directed at FHA-insured multifamily projects that 
have project-based Section 8 contracts with above-market rents.
    The information collection is used to determine the eligibility of 
FHA-insured or formerly insured multifamily properties for 
participation in the M2M program and the terms on which such 
participation should occur. The collection is also used to structure 
the closing of debt restructures that are finalized under the program, 
to track the post-closing performance of the restructures, to evaluate 
the performance of the Agency's Participating Administrative Entities 
(PAEs) in undertaking restructures on the Agency's behalf as the Agency 
agent, and to facilitate subsequent transactions involving the 
restructured properties under the Post-M2M program. Post-M2M is an 
extended component of the M2M program and addresses the processing of 
owner requests to refinance or to sell a property that has received the 
benefits of a debt restructuring under M2M or M2M Program's predecessor 
program, the Portfolio Reengineering Demonstration Program (Demo 
Program).
    Respondents: Owners, Contractors and Tenants.
    Estimated Number of Respondents: 60.
    Estimated Number of Responses: 1,591.
    Frequency of Response: On Occasion.
    Average Hours per Response: 35.
    Total Estimated Burdens: 2,079.

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                                    Number of        Frequency of     Responses  per    Burden  hour    Annual  burden    Hourly  cost
     Information collection        respondents         response           annum        per  response        hours        per  response     Annual  cost
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2502-0533......................              60   On Occasion......           1,591               35            2,079              $53      $108,373.75
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B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following:
    (1) 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) The accuracy of the agency's estimate of the burden of the 
proposed collection of information;
    (3) Ways to enhance the quality, utility, and clarity of the 
information to be collected; and
    (4) Ways to 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.
    HUD encourages interested parties to submit comment in response to 
these questions.

C. Authority

    Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 
chapter 35.

Jeffrey D. Little,
General Deputy Assistant Secretary, Office of Housing.
[FR Doc. 2024-12095 Filed 5-31-24; 8:45 am]
BILLING CODE 4210-67-P