30 Day FR

2502-0541 30 Day.pdf

Lender Qualifications for Multifamily Accelerated Processing (MAP)

30 Day FR

OMB: 2502-0541

Document [pdf]
Download: pdf | pdf
Federal Register / Vol. 88, No. 18 / Friday, January 27, 2023 / Notices
days was published on September 12,
2022 at 87 FR 55836.

DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–7070–N–03]

30-Day Notice of Proposed Information
Collection: Lender Qualifications for
Multifamily Accelerated Processing
(MAP) Guide (MAP Guide, 4430.G),
OMB Control No: 2502–0541
Office of Policy Development
and Research, Chief Data Officer, HUD.
ACTION: Notice.
AGENCY:

HUD is seeking approval from
the Office of Management and Budget
(OMB) for the information collection
described below. In accordance with the
Paperwork Reduction Act, HUD is
requesting comment from all interested
parties on the proposed collection of
information. The purpose of this notice
is to allow for an additional 30 days of
public comment.
DATES: Comments Due Date: February
27, 2023.
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 OIRA_submission@
omb.eop.gov or www.reginfo.gov/public/
do/PRAMain. 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, REE, Department of Housing
and Urban Development, 451 7th Street
SW, Washington, DC 20410; email
Colette Pollard at Colette.Pollard@
hud.gov or telephone 202–402–3400.
This is not a toll-free number. HUD
welcomes and is prepared to receive
calls from individuals who are deaf or
hard of hearing, as well as individuals
with speech and communication
disabilities. To learn more about how to
make an accessible telephone call,
please visit https://www.fcc.gov/
consumers/guides/telecommunicationsrelay-service-trs.
Copies of available documents
submitted to OMB may be obtained
from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD is
seeking approval from OMB for the
information collection described in
Section A.
The Federal Register notice that
solicited public comment on the
information collection for a period of 60

khammond on DSKJM1Z7X2PROD with NOTICES

SUMMARY:

VerDate Sep<11>2014

16:53 Jan 26, 2023

Jkt 259001

A. Overview of Information Collection
Title of Information Collection:
Lender Qualifications for Multifamily
Accelerated Processing (MAP).
OMB Approval Number: 2502–0541.
OMB Expiration Date: December 31,
2023.
Type of Request: Revision of a
currently approved collection.
Form Number: Guidebook 4430.G.
Description of the need for the
information and proposed use:
Multifamily Accelerated Processing
(MAP) is designed to establish uniform
national standards for Federal Housing
Administration (FHA) approved lenders
to prepare, process and submit loan
applications for FHA multifamily
mortgage insurance. The MAP Guide
provides—in one volume with
appendices—guidance for HUD staff,
lenders, third party consultants,
borrowers, and other industry
participants. Topics include mortgage
insurance program descriptions,
borrower and lender eligibility
requirements, application requirements,
underwriting standards for all technical
disciplines and construction loan
administration requirements. The MAP
Guide applies only to FHA multifamily
mortgage insurance programs. Except to
the extent lender monitoring or
enforcement activities overlap, Section
232 and other programs administered by
the Office of Healthcare Programs are
not addressed by the MAP Guide.
HUD now proposes to amend the
MAP Guide by deleting Appendices
A.5.10 and A.5.11 and substituting
therefore a new Appendix A.5.10 and
renumbering the existing A.5.12 as
A.5.11. The new Appendix A.5.10
describes a revised and significantly
simplified and shortened methodology
for calculation of the Statutory per unit
maximum mortgage amount. The
proposed new appendix, the deletions
of the two existing appendices and the
multiple conforming edits to other
portions of the MAP Guide necessary to
maintain consistent instruction are
detailed in a proposed Mortgagee Letter
2022–##, which will be published
following OMB approval of this
amended collection. Soon thereafter,
HUD will repost the amended MAP
Guide with each of the edits completed
as detailed in the Mortgagee Letter. The
goal of MAP is to provide a consistent,
expedited mortgage insurance
application process at each HUD
Multifamily Regional Center or Satellite
Office. All MAP eligible projects must
be submitted using MAP processing
unless a waiver is granted to process

PO 00000

Frm 00073

Fmt 4703

Sfmt 4703

5371

under Traditional Application
Processing (TAP). Such waiver approval
authority is retained by HUD
Headquarters’ Director of Multifamily
Production.
Respondents: FHA Approved MAP
Lenders.
Estimated Number of Respondents:
86.
Estimated Number of Responses:
2,071.
Frequency of Response: Per each
multifamily mortgage transaction.
Average Hours per Response: 24.08
hours.
Average # of Responses per
Transaction: 4.93.
Total Estimated Burden: 132,172
hours for 1,114 transactions.
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;
(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 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,
Department Reports Management Officer,
Office of Policy Development and Research,
Chief Data Officer.
[FR Doc. 2023–01622 Filed 1–26–23; 8:45 am]
BILLING CODE 4210–67–P

E:\FR\FM\27JAN1.SGM

27JAN1


File Typeapplication/pdf
File Modified2023-01-27
File Created2023-01-27

© 2024 OMB.report | Privacy Policy