Download:
pdf |
pdfjbell on DSKJLSW7X2PROD with NOTICES
80136
Federal Register / Vol. 85, No. 239 / Friday, December 11, 2020 / Notices
not authorize any additional substantive
modifications to the closing process
without approval of the appropriate
Regional Counsel and the Office of
Insured Housing in Headquarters. Draft
closing submission will remain
consistent with the approach of
Multifamily Housing and OGC will
accept draft closing packages in fully
electronic form.
Respondents estimation for the
Escrow Agreement for Deferred Repairs
& Debt Service—223(f)—(one closing):
Estimated Number of Respondents:
330.
Estimated Number of Responses: 330.
Frequency of Response: Once per
annum.
Average Hours per Response: .50
hours.
Total Estimated Burdens: 165.
Description of the need for the
information and proposed use: The form
Escrow Agreement for Deferred Repairs
& Debt Service—223(f) (‘‘Debt Service
Escrow Agreement’’), sets the terms and
conditions between the Borrower and
Lender and provides for the
establishment of an escrow by the
Borrower as security for completion of
non-critical deferred repairs. Such
escrow also serves as security for HUD’s
insurance of the loan. The agreement
provides for prior approval of HUD for
certain actions to be taken by the
Borrower or Lender. The information
collection requirements contained in
Debt Service Escrow Agreement are to
oversee the parties’ compliance with all
applicable legal requirements and
therefore ensure protection of the FHA
insurance fund.
The global pandemic relating to the
COVID–19 Emergency has disrupted the
U.S. economy with significantly
increased unemployment and overall
economic instability. This instability
has carried over to real estate markets in
general, including multifamily
commercial markets. During these
challenging times, HUD remains open
for business and will continue as an
active participant in sourcing new
construction and refinance debt through
its mortgage insurance programs. At the
same time, HUD has reevaluated its
underwriting requirements, particularly
for market rate refinance transactions
that may now experience increased
vacancy, rent collection losses and
income disruption both in the near and
long term. Section 207 of the National
Housing Act provides that no mortgage
shall be acceptable for insurance unless
the Secretary finds that the project is
economically sound, and the MAP
Guide permits specific mitigants to be
employed to reduce risk for transactions
currently in process but yet to receive a
VerDate Sep<11>2014
23:25 Dec 10, 2020
Jkt 253001
Firm Commitment to insure. These
mitigants include but are not limited to
the requirement of a Debt Service
Reserve (DSR) for Section 223(f)
transactions to offset anticipated
operating losses post endorsement. To
address risk and/or changed economic
circumstances for transactions that have
been issued a commitment to insure but
have yet to endorse, HUD includes
language in the Firm Commitment
affirming that no material adverse
change (MAC) has occurred between the
issuance of the commitment and
endorsement. Accordingly, HUD has
taken the position that the impact of the
COVID–19 Emergency has resulted in a
material change in most, if not all, real
estate markets and therefore, HUD will
require mitigants to offset this
additional risk. Accordingly, this form
provides clarification and instructions
to HUD staff describing additional
mitigants that may be included in the
Firm Commitment for Section 223(f)
loans that are in processing, as well as
for those projects for which a Firm
Commitment has been issued.
Revisions to the OMB approved Form
HUD–92476.1M is the temporary
Escrow Agreement for Deferred Repairs
& Debt Service—223(f). This form does
not permanently replace the HUD–
92476.1M. The revised escrow, while
based on the HUD–92476.1M, is a
separate document for temporary use
during the COVID–19 emergency
pursuant to Mortgagee Letter 2020–11
issued April 10, 2020. The temporary
Escrow Agreement for Deferred Repairs
& Debt Service—223(f) Form will
remain in effect until such time as HUD
determines that the real estate markets
that have been negatively affected by the
COVID–19 Emergency have stabilized
and additional mitigants for Section
223(f) transactions are no longer
required.
This new collection can be used to
address future changes to multifamily
programs or processes that may arise
from impacts due to the COVID19
pandemic.
B. Solicitation of Public Comment
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in Section A on
the following:
(1) Whether the proposed collection
of information is necessary for the
proper performance of the functions of
the agency, including whether the
information will have practical utility;
(2) The accuracy of the agency’s
estimate of the burden of the proposed
collection of information;
PO 00000
Frm 00147
Fmt 4703
Sfmt 4703
(3) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(4) Ways to minimize the burden of
the collection of information on those
who are to respond; including through
the use of appropriate automated
collection techniques or other forms of
information technology, e.g., permitting
electronic submission of responses.
(5) Ways to minimize the burden of
the collection of information on those
who are to respond, including the use
of automated collection techniques or
other forms of information technology.
HUD encourages interested parties to
submit comment in response to these
questions.
C. Authority
Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C.
Chapter 35.
Colette Pollard,
Departmental Reports Management Officer,
Office of the Chief Information Officer.
[FR Doc. 2020–27272 Filed 12–10–20; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–7024–N–51]
30-Day Notice of Proposed Information
Collection: Public Housing Agency
(PHA) 5-Year and Annual Plan; OMB
Control No.: 2577–0226
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:
HUD has submitted the
proposed information collection
requirement described below to the
Office of Management and Budget
(OMB) for review, in accordance with
the Paperwork Reduction Act. The
purpose of this notice is to allow for an
additional 30 days of public comment.
DATES: Comments Due Date: January 11,
2021.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
Start Printed Page 15501PRAMain. Find
this particular information collection by
selecting ‘‘Currently under 30-day
Review—Open for Public Comments’’ or
by using the search function.
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, QDAM, Department of Housing
SUMMARY:
E:\FR\FM\11DEN1.SGM
11DEN1
Federal Register / Vol. 85, No. 239 / Friday, December 11, 2020 / Notices
jbell on DSKJLSW7X2PROD with NOTICES
and Urban Development, 451 7th Street
SW, Washington, DC 20410; email
Colette Pollard at Colette.Pollard@
hud.gov or telephone 202–402–3400.
Persons with hearing or speech
impairments may access this number
through TTY by calling the toll-free
Federal Relay Service at (800) 877–8339.
This is not a toll-free number. Copies of
available documents submitted to OMB
may be obtained from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD has
submitted to OMB a request for
approval of the information collection
described in Section A. The Federal
Register notice that solicited public
comment on the information collection
for a period of 60 days was published
on October 9, 2018 at 83 FR 50676.
A. Overview of Information Collection
Title of Information Collection: Public
Housing Agency (PHA) 5-Year and
Annual Plan.
OMB Approval Number: 2577–0226.
Type of Request: Revision of currently
approved collection.
Form Number(s): HUD–50075–5Y,
HUD–50075–ST, HUD–50075–SM,
HUD–50075–HCV, HUD–50075–HP,
HUD–50075–MTW, HUD–50077–CR,
HUD–50077–SL, HUD–50077–CRT–SM,
and HUD–50077–ST–HCV–HP.
Description of the need for the
information and proposed use: Under
the provisions of Section 3507(a)(1)(D)
of the Paperwork Reduction Act of 1995,
the Department of Housing and Urban
Development (HUD) has submitted to
the Office of Management and Budget
(OMB) a request to review and approve
the information collection listed below.
The Public Housing Agency (PHA) Plan
was created by section 5A of the United
States Housing Act of 1937 (42 U.S.C.
1437c–1). There are two different PHA
Plans: The Five-Year Plan and the
Annual Plan. The Five-Year Plan
describes the agency’s mission, longrange goals and objectives for achieving
its mission over a five-year period. The
Annual PHA Plan is a comprehensive
guide to PHA policies, programs,
operations, and strategies for meeting
local housing needs and goals. This
revision integrates the MTW
Supplement to the Annual PHA Plan
process for PHAs that join MTW under
the 2016 Appropriations Act (i.e., MTW
Expansion).
The PHA Plans informs HUD,
residents, and the public of the PHA’s
mission for serving the needs of low,
very low-income, and extremely lowincome families and its strategy for
addressing those needs. This
information helps provide
accountability to the local community
VerDate Sep<11>2014
23:25 Dec 10, 2020
Jkt 253001
for how PHAs spend their funding and
implement their policies. Also, PHA
Plans allow HUD to monitor the
performance of programs and the
performance of public housing agencies
that administer them.
This proposed information collection
was previously published in the Federal
Register on October 9, 2018 (FR 83,
50676) and allowed 60-days for public
comment. It should be noted that all
forms except for the Moving to Work
(MTW) Supplement were published in
the Federal Register on October 30,
2019 (FR 84, 58167) for a 30-day public
comment period. The four public
comments received for the documents
included in that notice were addressed
at that time. The MTW Supplement was
not included in this publication due to
revisions that were needed as part of
ongoing work on the MTW Operations
Notice, which has now been published.
The purpose of this 30-day notice is to
respond to public comments received
during the 60-day public comment
period on the MTW Supplement and to
allow for the 30-day public comment
period for the MTW Supplement.
Respondents (i.e. affected public):
Local, Regional and State Body
Corporate Politic Public Housing
Agencies (PHAs) Governments.
Estimated Number of Respondents:
3,780.
Estimated Number of Responses:
4,832 (Annual Plan: 1,152 and 5 Year
Plan: 3,780).
Frequency of Response: Every five
years for all PHAs, annually for all
PHAs except HERA Qualified PHAs.
Average Hours per Response: 6.33 hrs.
Total Estimated Burdens: 14,613.74.
80137
(5) Ways to minimize the burden of
the collection of information on those
who are to respond, including the use
of automated collection techniques or
other forms of information technology.
HUD encourages interested parties to
submit comment in response to these
questions.
Authority
Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C.
Chapter 35.
D. Overview of Significant Changes
Made to the HUD–50075–MTW, MTW
Supplement to the Annual PHA Plan
The MTW Supplement has been
updated to reflect the final MTW
Operations Notice, which was
published in the Federal Register (FR
85, 53444) on August 28, 2020, and
public comments received during the
60-day Federal Register public
comment period. A copy of the draft
HUD–50075 MTW can be obtained per
the information provided earlier in this
notice under ‘‘For further information’’,
or on the HUD Moving to Work website
at https://www.hud.gov/mtw.
The other forms in the PHA Plan data
collection were published in the
Federal Register on October 30, 2019 for
the 30-day public comment period and,
therefore, are not included in this 30day Federal Register notice.
Colette Pollard,
Department Reports Management Officer,
Office of the Chief Information Officer.
[FR Doc. 2020–27276 Filed 12–10–20; 8:45 am]
BILLING CODE 4210–67–P
B. Solicitation of Public Comment
DEPARTMENT OF THE INTERIOR
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in Section A on
the following:
(1) Whether the proposed collection
of information is necessary for the
proper performance of the functions of
the agency, including whether the
information will have practical utility;
(2) The accuracy of the agency’s
estimate of the burden of the proposed
collection of information;
(3) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(4) Ways to minimize the burden of
the collection of information on those
who are to respond; including through
the use of appropriate automated
collection techniques or other forms of
information technology, e.g., permitting
electronic submission of responses.
Geological Survey
PO 00000
Frm 00148
Fmt 4703
Sfmt 4703
[GX21EG31DW50100; OMB Control Number
1028–New]
Agency Information Collection
Activities; Hydrography Maintenance
Portal
U.S. Geological Survey,
Interior.
ACTION: Notice of Information
Collection; request for comment.
AGENCY:
In accordance with the
Paperwork Reduction Act of 1995, we,
the U.S. Geological Survey (USGS) are
proposing a new information collection.
DATES: Interested persons are invited to
submit comments on or before February
9, 2021.
ADDRESSES: Send your comments on
this information collection request (ICR)
by mail to U.S. Geological Survey,
SUMMARY:
E:\FR\FM\11DEN1.SGM
11DEN1
File Type | application/pdf |
File Modified | 2020-12-11 |
File Created | 2020-12-11 |