The 1998 Public Housing Reform Act
allowed the mixed-finance development of public housing units. This
meant that Public Housing Authorities (PHAs) could create public
housing projects using public housing capital funds and outside
sources of funds, subject to HUD's approval. This Information
Collection pertains to the information that HUD collects in order
to perform due diligence on and approve the mixed-finance
development of public housing prior to a financial closing and the
start of construction or rehabilitation activities. Applicants
describe ownership, the type, size, and number of units,
construction schedule, construction and permanent financing,
property management, how public housing operating subsidy will be
provided to the project and other operation plans.
1. Burden hours have not
changed. The total dollars have increased with the increase of
attorney costs related to the development of Unique Legal
Documents. 2. Text in the forms has changed to reflect the new
regulation at 24 CFR §905, subpart F (§905), “Development
Requirements,” which has superseded 24 CFR §941, subpart F (§941).
Both §941 and §905 state the information that has to be included in
a Mixed-Finance Development Proposal. The major change to
Mixed-Finance due diligence in §905 is that specific evidentiary
documents are not called out. It is now up to HUD’s implementing
policy to determine which documents are necessary. For the sake of
standardization, at this time HUD has maintained the requirement to
submit the basic forms and unique legal documents that were in the
previous ICR and are still included in this ICR. In anticipation of
the final publication of §905, various other evidentiary documents
were removed with submission of the previous ICR. This remains
unchanged. 3. Two of the HUD form numbers had to be changed due to
a conflict. Other forms from a new program were given the same
numbers. The rest of the forms received new numbers in order to
keep all Mixed-Finance related form numbers together.
$107,325
No
No
No
No
No
Uncollected
Lawrence Gnessin 202 708-0614
ext. 2676
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.