Condominium Project Approval Document Collection

ICR 202408-2502-001

OMB: 2502-0610

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supplementary Document
2024-08-01
Supporting Statement A
2024-08-01
IC Document Collections
IC ID
Document
Title
Status
208827 Modified
ICR Details
2502-0610 202408-2502-001
Received in OIRA 202004-2502-002
HUD/OH
Condominium Project Approval Document Collection
Revision of a currently approved collection   No
Regular 08/01/2024
  Requested Previously Approved
36 Months From Approved 08/31/2024
122,155 180,000
5,998,500 92,250
0 0

There are two project approval processing options available – 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
  
None

Not associated with rulemaking

  88 FR 69953 10/10/2023
89 FR 5254 01/26/2024
No

1
IC Title Form No. Form Name
Condominium Project HUD 9992, HUD-92544 Clean , HUD 96029, HUD- 92541, HUD 9991 Warranty of Completion ,   Builder's Certification of Plans, Specifications, & Site ,   CONDOMINIUM RIDER ,   FHA Condominium Project Appraval Questionnaire ,   FHA Condominium Loan/Level Single-Unit Approva Questionnaire

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 122,155 180,000 0 -57,845 0 0
Annual Time Burden (Hours) 5,998,500 92,250 0 5,906,250 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This revision to the existing Information Collection allows HUD to remain compliant with the Paperwork Reduction Act and to determine the eligibility of condominium projects for approval and units in approved and unapproved condominium projects for FHA-insured financing: These changes help to: • Remove barriers to affordable homeownership and expanding the pool of properties that may be eligible for FHA-insured financing • Provide more opportunities for credit worthy homebuyers and • Reduce the regulatory burden and meet the growing needs of the housing industry.

$1,034,865
No
    No
    No
Yes
No
No
No
Kristen Stierwalt-Huff 202 402-4352

  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.
08/01/2024


© 2024 OMB.report | Privacy Policy