Public Housing Authority Mix Finance Transactions

Forms and Documents

Document	Type	Status	Availability
Change Request form 83C 09 15 2010.docx	Supplementary Document	Uploaded 2011-01-06	Repair queued
40108 CPD.doc	Justification for No Material/Nonsubstantive Change	Uploaded 2010-11-09	Available
ICR 2577-PHMP.docx	Supporting Statement A	Uploaded 2009-10-19	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
190980	Public Housing Mortgage Program		Unchanged

ICR Details

OMB Control No: 2577-0265	ICR Reference No: 201011-2577-004
Status: Historical Active	Previous ICR Reference No: 200910-2577-001
Agency/Subagency: HUD/PIH	Agency Tracking No:
Title: Public Housing Authority Mix Finance Transactions
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/12/2011
	Date Received in OIRA: 11/09/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2012	12/31/2012	12/31/2012
Responses	90	0	90
Time Burden (Hours)	3,760	0	3,760
Cost Burden (Dollars)	0	0	0

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Abstract: In order for HAs to be approved for a mortgage of security interest in any public housing real estate or other assets, a proposal must be submitted to HUD. After approval and execution of any legal documents associated with the loan and related construction activity, a copy of the executed document is submitted. Quarterly reports on the progress of the loan and pay off as well as the construction activity will be submitted.

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Authorizing Statute(s): PL: Pub.L. 105 - 276 516 Name of Law: Quality of Housing and Work Responsability Act of 1998
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 152	08/10/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 198	10/15/2009
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Public Housing Mortgage Program

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	90	90	0	0	0	0
Annual Time Burden (Hours)	3,760	3,760	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Since Section 30 of the 1937 Act was added with QHWRA, there has been no guidance or regulations developed to implement the ability to approve mortgages on public housing property. Therefore, minimal approval activity (less than 10) has taken place, and thus OMB approval has not been necessary for the collection of the proposal application information. The proposed PHMP notice not only proposes guidance for the proposal submission and approval process, but as a result publicizes the ability to use this leveraged financing method, otherwise prohibited. Therefore, the number of proposals is expected to increase beyond 10 and thus require OMB approval of the collection noted in this request.

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Annual Cost to Federal Government: $4,076,800

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 11/09/2010

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