The agency is referred to correspondence from OMB on 3/27/2024 regarding the request to respond to public comments received on the 30-day notice. Consistent with expectations for responsiveness to public comment, HUD should resubmit this information collection request when it has responded to the substantive suggestions raised by the commenter and made any relevant changes to the instrument or documentation.
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
01/31/2024
36 Months From Approved
10/31/2024
180,000
0
180,000
92,250
0
92,250
0
0
0
There are two project approval processing options available â the HUD Review and Approval Process (HRAP) or the Direct Endorsement Lender Review and Approval Process (DELRAP). Condominium project approval packages are submitted, processed and reviewed under one of the available options to determine eligibility of projects for insurance of a single unit condominium to be under an FHA mortgage. Condominiums have complex legal, financial and other documents that require review to assure FHA that the condominium project is stable with the expectation that the status will remain unchanged.
EO: EO 13878 Name/Subject of EO: Establishing a White House Council on Eliminating Regulatory Barriers to Affordable Housing
Changes in #13 and #14 on form 83i are due to changes in the number of respondents and market conditions. The Condominium Regulations at Section 203.43(b) requires information to process the following:
⢠Condominium project approval applications;
⢠Verification of loan level requirements for units in approved condominium projects;
⢠Adjustment to the time to prepare loan level and Single-Unit Approval applications; and
⢠Addition of package quality assurance review for loan level/Single-Unit approval packages.
⢠HUD reviewed the Fannie Mae and Freddie Mac long and short form condominium questionnaires, as a baseline for the revisions to the forms HUD-9991A-LL, HUD-9991B-SUA, and HUD-9992 to ensure consistency.
The forms HUD-9991A-LL, HUD-9991B-SUA, and HUD-9992 are adaptable to future policy changes. Condominium project applications require the information in the HUD-9992, FHA Project Approval Questionnaire. Verification of loan level requirements for units in approved condominium projects and Single-Unit Approval applications require condominium project and unit information from the HUD-9991A-LL FHA Loan Level Certification, and HUD-9991B-SUA, FHA Single-Unit Approval Questionnaire & Certification.
$723,943
No
No
No
Yes
No
No
No
Kristen Stierwalt-Huff 202 402-4352
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.