[Federal Register Volume 89, Number 154 (Friday, August 9, 2024)]
[Notices]
[Pages 65380-65381]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-17665]


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

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7080-N-34]


30-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 Policy Development and Research, Chief Data Officer, 
HUD.

ACTION: Notice.

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

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 an additional 30 days of 
public comment.

DATES: Comments Due Date: September 9, 2024.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Interested 
persons are also invited to submit comments regarding this proposal and 
comments should refer to the proposal by name and/or OMB Control Number 
and should be sent to: Colette Pollard, Clearance Officer, REE, 
Department of Housing and Urban Development, 451 7th Street SW, Room 
8210, Washington, DC 20410-5000; email 
[email protected].

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, REE, Department of Housing and Urban Development, 7th Street 
SW, Room 8210, 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 or 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.
    The Federal Register notice that solicited public comment on the 
information collection for a period of 60 days was published on June 3, 
2024 at 89 FR 47583.

A. Overview of Information Collection

    Title of Information Collection: Multifamily Housing Mortgage and 
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

[[Page 65381]]

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.

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

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.
    (5) ways to minimize the burden of the collection of information on 
those who are to respond, including the use of automated collection 
techniques or other forms of information technology.
    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.

Colette Pollard,
Department Reports Management Officer, Office of Policy Development and 
Research, Chief Data Officer.
[FR Doc. 2024-17665 Filed 8-8-24; 8:45 am]
BILLING CODE 4210-67-P