Office of Hospital Facilities Transactional Forms for FHA Programs 242, 241, 223(f), 223(a)(7)
Revision of a currently approved collection
No
Regular
Approved with change
05/07/2013
02/08/2013
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
05/31/2016
36 Months From Approved
05/31/2015
4,054
0
4,460
98,812
0
5,883
0
0
0
This information is collected from OHF staff, mortgagees, mortgagors, contractors and agents to manage and monitor the application, procedure, project administration and initial/final endorsement of projects undertaken by Office of Hospital Facilities.
The currently approved PRA package was based on an assumed annual volume of 15 Section 242 applications. It shows 5,882.5 annual burden hours for an annual cost of $540,000. Recently, HUD conducted a review of the paperwork burden associated with the hospital mortgage insurance program. As a result of that review, there were changes to the number of respondents, frequency of response, burden hours per response, and hourly cost per response for many data collection items affecting various aspects of the program. HUD believes that the changes lead to a much more realistic estimate of burden hours. A modified supporting statement incorporating the results of HUD's review would show, for the same assumed annual volume of 15 Section 242 applications, 74,825 annual burden hours for an annual cost of $7,471,875. This modified estimate of burden hours and cost becomes the new baseline against which program changes, or changes in program volume, are assessed.
On February 5, 2013, HUD published a new Section 242 final rule containing provisions that implement Section 223(f) refinancing and acquisition for hospitals. HUD expects initially to insure five Section 242/223(f) loans per year, increasing application volume from 15 to 20 and changing some forms and procedures. When the modified estimates of burden hours and cost are applied to the additional volume, the results are 98,811.50 burden hours for an annual cost of $9,881,450.00. These are the numbers that appear in the modified Supporting Statement for OMB approval. The difference is 23,986.50 burden hours and $2,409,575.00 in cost. This is the PRA impact of introducing Section 223(f) refinancing and acquisition loans as part of Section 242 hospital mortgage insurance and processing 5 Section 242/223(f) applications per year.
$265,000
No
No
No
No
No
Uncollected
John Whitehead 2024025790
Reginfo record details
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.
Hospital Facilities projects pursuant to FHA Programs 242, 241, 223(f), 223(a)(7)