Public Housing Authority Mix Finance Transactions

ICR 201011-2577-004

OMB: 2577-0265

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2011-01-06
Justification for No Material/Nonsubstantive Change
2010-11-09
Supporting Statement A
2009-10-19
IC Document Collections
IC ID
Document
Title
Status
190980
Unchanged
ICR Details
2577-0265 201011-2577-004
Historical Active 200910-2577-001
HUD/PIH
Public Housing Authority Mix Finance Transactions
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 01/12/2011
Retrieve Notice of Action (NOA) 11/09/2010
  Inventory as of this Action Requested Previously Approved
12/31/2012 12/31/2012 12/31/2012
90 0 90
3,760 0 3,760
0 0 0

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.

PL: Pub.L. 105 - 276 516 Name of Law: Quality of Housing and Work Responsability Act of 1998
  
None

Not associated with rulemaking

  74 FR 152 08/10/2009
74 FR 198 10/15/2009
No

1
IC Title Form No. Form Name
Public Housing Mortgage Program

  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
No
No
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.

$4,076,800
No
No
No
No
No
Uncollected
Mark Murifield 9135515590

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
11/09/2010


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