83C-MTM contract revision 3-2015

83C-MTM contract revision 3-2015.doc

Section 8 Contract Renewal Policy – Guidance for the Renewal of Project-Based Section 8 Contracts

83C-MTM contract revision 3-2015

OMB: 2502-0587

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PAPERWORK REDUCTION ACT

CHANGE WORKSHEET

Agency/Subagency


U.S. Department of Housing and Urban Development

Office of Housing, Office of Multifamily Housing Development

OMB Control Number


2502-0587

Enter only items that change

Current record New record

Agency form number(s)


HUD-6342

Annual reporting and recordkeeping hour burden




Number of respondents




Total annual responses





Percent of these responses collected electronically




Total annual hours




Difference




Explanation of difference




Program change




Adjustment


Annual reporting and recordkeeping cost burden (in thousands of dollars)




Total annualized Capital/Startup costs

0

0


Total annual costs (O&M)

0

0


Total annualized cost requested

0

0


Difference


0


Explanation of difference




Program change




Adjustment


Other changes**


The Mark-To-Market statute requires owners who have undergone loan restructuring to accept renewal of the section 8 contract on terms and conditions listed in the Restructuring Commitment. When the contracts were revised in 2007 a specific sentence holding the owner to that statutory requirement was inadvertently left out of the contract. It has now been added in Section 2.d. of the contract. This sentence does not create any additional reporting burden on the owner, nor does it impact the number of MTM contracts that would be signed.



Signature of Senior Official or designee:

Date:

For OIRA Use

_______________

______________


**This form cannot be used to extend an expiration date.

OMB FORM 83-C 10/95


File Typeapplication/msword
File TitlePAPERWORK REDUCTION ACT
AuthorHUD
Last Modified ByHUD User
File Modified2015-04-09
File Created2015-04-09

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