60-Day Notice of Proposed Information Collection: Request for Prepayment of Section 202 or 202/8 Direct Loan Project, 40132-40133 [2014-16314]
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Federal Register / Vol. 79, No. 133 / Friday, July 11, 2014 / Notices
borrower has appropriately represented
a borrower or lender, respectively, on
past transactions in accordance with the
applicable state’s rules of professional
responsibility, such prior representation
does not make counsel an employee of
lender pursuant to the Map Guide or
create an identity of interest with
borrower or lender.
Note: Commenters have identified
confusion with section 9(c) of the note and
HUD has taken this opportunity to clarify
this section. This section identifies
circumstances that shall not be considered
prepayments and shall not trigger
prepayment premiums.
tkelley on DSK3SPTVN1PROD with NOTICES
Regulatory Agreement
A commenter suggested deleting
reference to the ‘‘Building Loan
Agreement’’ in Section 8(b) because this
section applies to refinancings with
limited repairs where the Building Loan
Agreement would be inapplicable.
However, certain jurisdictions require
the use of this document for repairs, so
HUD has declined to make this change.
A commenter requested a change to
Section 10(b) with respect to the initial
deposit to the reserve for replacement,
stating that requiring a specific amount
in the Regulatory Agreement for a onetime deposit that occurs at closing is
often problematic since the Reserve for
Replacement amount can change. HUD
agrees and has removed the first
sentence of Section 10(b). The initial
deposit to the reserve for replacement
account should be disclosed, including
any applicable transfer amounts, in the
closing statement and the Request for
Endorsement.
Opinion of Borrower’s Counsel and
Instructions
One commenter asked HUD to
reconsider previously submitted
comments to the Opinion of the
Borrower’s Counsel. The commenter
asserts that the comments align with
‘‘customary practice’’ and with the
practices of Fannie Mae and Freddie
Mac, who, the commenter asserts
negotiate their model opinion forms.
Although HUD looks occasionally to the
example of Fannie Mae and Freddie
Mac, FHA’s role in the housing market,
its obligations as the Federal
Government and its congressional
mandate are distinct. HUD has
determined that the requested changes
would increase the cost, time and
administrative burdens associated with
transactions and conflict with HUD’s
interests in maintaining a uniform
practice nationwide and protecting the
Federal Government’s interests. Thus,
HUD declines to make commenter’s
requested changes.
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20:23 Jul 10, 2014
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Escrow Agreement for Working Capital
A commenter noted that the Escrow
Agreement for Working Capital
improperly references the firm
commitment when providing for the
allocation of escrow funds for new
construction because the MAP Guide
sets forth this policy. HUD has
determined, however, that the firm
commitment does set forth provisions
regarding the working capital amount
and should be reviewed in connection
with the Escrow Agreement for Working
Capital. There should not be
discrepancies between the firm
commitment and other HUD
requirements; if participants notice
discrepancies in their transactions, they
should notify HUD’s Office of Housing.
HUD has also inserted the word
‘‘equally’’ in Section 2 of the Escrow
Agreement for Working Capital in order
to clarify HUD’s MAP Guide
requirement.
Security Instrument
A commenter noted that the provision
in section 7(a)(ii) of the Security
Instrument setting forth a monthly
service charge in the event the note is
held by HUD needs to be updated to
reflect current policy and suggested a
revision. HUD agrees and has updated
the provision but has not used the
language suggested by the commenter.
Authority Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35.
Dated: July 8, 2014.
Laura Marin,
Associate General Deputy Assistant Secretary
for Housing—Federal Housing Commissioner.
[FR Doc. 2014–16315 Filed 7–10–14; 8:45 am]
BILLING CODE 4210–67–P
[Docket No. FR–5756–N–25]
60-Day Notice of Proposed Information
Collection: Request for Prepayment of
Section 202 or 202/8 Direct Loan
Project
Office of the Assistant
Secretary for Housing- Federal Housing
Commissioner, 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
SUMMARY:
Frm 00075
Fmt 4703
Comments Due Date: September
9, 2014.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
Control Number and should be sent to:
Colette Pollard, Reports Management
Officer, QDAM, Department of Housing
and Urban Development, 451 7th Street
SW., Room 4176, Washington, DC
20410–5000; telephone 202–402–3400
(this is not a toll-free number) or email
at Colette.Pollard@hud.gov for a copy of
the proposed forms or other available
information. Persons with hearing or
speech impairments may access this
number through TTY by calling the tollfree Federal Relay Service at (800) 877–
8339.
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, QDAM, 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. Persons
with hearing or speech impairments
may access this number through TTY by
calling the toll-free Federal Relay
Service at (800) 877–8339.
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.
DATES:
A. Overview of Information Collection
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
PO 00000
is to allow for 60 days of public
comment.
Sfmt 4703
Title of Information Collection:
Request for Prepayment of Section 202
or 202/8 Project.
OMB Approval Number: 2502–0554.
Type of Request: Extension of a
currently approved collection.
Form Number: 9808.
Description of the need for the
information and proposed use: Owners
of Section 202 projects use the form as
the initial application to prepay their
Section 202 Direct Loan and provide
narrative information relative to the
prepayment that must be reviewed by
HUD staff.
Respondents: Business, not for profit
institutions.
Estimated Number of Respondents:
185.
Estimated Number of Responses: 185.
Frequency of Response: On occasion.
Average Hours per Response: 2 hours.
Total Estimated Burdens: 370.
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Federal Register / Vol. 79, No. 133 / Friday, July 11, 2014 / Notices
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.
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.
Dated: July 7, 2014.
Laura M. Marin,
Associate General Deputy Assistant Secretary
for Housing-Associate Deputy Federal
Housing Commissioner.
[FR Doc. 2014–16314 Filed 7–10–14; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5696–N–10]
Additional Clarifying Guidance,
Waivers, and Alternative Requirements
for Grantees in Receipt of Community
Development Block Grant Disaster
Recovery FundsUnder the Disaster
Relief Appropriations Act, 2013
Office of the Assistant
Secretary for Community Planning and
Development, HUD.
ACTION: Notice.
AGENCY:
This Notice provides
additional clarifying guidance, waivers,
and alternative requirements for all
Community Development Block Grant
(CDBG) disaster recovery grantees in
receipt of funds under the Disaster
Relief Appropriations Act, 2013 (Pub. L.
113–2).1 To date, the Department has
tkelley on DSK3SPTVN1PROD with NOTICES
SUMMARY:
1 Luzerne, PA initially received disaster
assistance under Public Law 112–55 and was
provided with additional assistance through Pub. L.
113–2. The waiver in this Notice specific to
Luzerne, PA applies to both its 112–55 funds and
113–2 funds as described herein.
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20:23 Jul 10, 2014
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allocated $14.1 billion under the Act to
assist recovery in the most impacted
and distressed areas identified in major
disaster declarations due to Hurricane
Sandy and other eligible events in
calendar years 2011, 2012, and 2013.
DATES: Effective Date: July 16, 2014.
FOR FURTHER INFORMATION CONTACT: Stan
Gimont, Director, Office of Block Grant
Assistance, Department of Housing and
Urban Development, 451 7th Street SW.,
Room 7286, Washington, DC 20410,
telephone number 202–708–3587.
Persons with hearing or speech
impairments may access this number
via TTY by calling the Federal Relay
Service at 800–877–8339. Facsimile
inquiries may be sent to Mr. Gimont at
202–401–2044. (Except for the ‘‘800’’
number, these telephone numbers are
not toll-free.) Email inquiries may be
sent to disaster_recovery@hud.gov.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Background
II. Applicable Rules, Statutes, Waivers, and
Alternative Requirements
III. Catalog of Federal Domestic Assistance
IV. Finding of No Significant Impact
I. Background
The Disaster Relief Appropriations
Act, 2013 (Pub. L. 113–2, approved
January 29, 2013) (Appropriations Act)
made available $16 billion in
Community Development Block Grant
(CDBG) funds for necessary expenses
related to disaster relief, long-term
recovery, restoration of infrastructure
and housing, and economic
revitalization in the most impacted and
distressed areas resulting from a major
disaster declared pursuant to the Robert
T. Stafford Disaster Relief and
Emergency Assistance Act of 1974 (42
U.S.C. 5121 et seq.) (Stafford Act), due
to Hurricane Sandy and other eligible
events in calendar years 2011, 2012, and
2013. As the Appropriations Act
requires funds to be awarded directly to
a State, or unit of general local
government (hereinafter, local
government), at the discretion of the
Secretary, the term ‘‘grantee’’ refers to
any jurisdiction that has received a
direct award from HUD under the
Appropriations Act.
On March 1, 2013, the President
issued a sequestration order pursuant to
section 251A of the Balanced Budget
and Emergency Deficit Control Act, as
amended (2 U.S.C. 901a), and reduced
funding for CDBG–DR grants under the
Appropriations Act to $15.18 billion. To
date, $14.1 billion has been allocated for
the areas most impacted by Hurricane
Sandy and other disasters occurring in
2011, 2012, and 2013. To describe these
PO 00000
Frm 00076
Fmt 4703
Sfmt 4703
40133
allocations and the accompanying
requirements, the Department published
multiple Federal Register notices:
March 5, 2013 (78 FR 14329), April 19,
2013 (78 FR 23578), May 29, 2013 (78
FR 32262), August 2, 2013 (78 FR
46999), November 18, 2013 (78 FR
69104), March 27, 2014 (78 FR 17173),
and June 3, 2014 (79 FR 31964), referred
to collectively in this Notice as the
‘‘Prior Notices’’). The requirements of
the Prior Notices continue to apply,
except as modified by this Notice.2
II. Applicable Rules, Statutes, Waivers,
and Alternative Requirements
The Appropriations Act authorizes
the Secretary to waive, or specify
alternative requirements for, any
provision of any statute or regulation
that the Secretary administers in
connection with HUD’s obligation or
use by the recipient of these funds
(except for requirements related to fair
housing, nondiscrimination, labor
standards, and the environment).
Waivers and alternative requirements
are based upon a determination by the
Secretary that good cause exists and that
the waiver or alternative requirement is
not inconsistent with the overall
purposes of title I of the HCD Act.
Regulatory waiver authority is also
provided by 24 CFR 5.110, 91.600, and
570.5.
This Notice clarifies or modifies
requirements of the Prior Notices.
Except as noted, the waivers and
alternative requirements in this Notice
apply to all grants under the
Appropriations Act. For each waiver
and alternative requirement described
in this Notice, the Secretary has
determined that good cause exists and
the action is not inconsistent with the
overall purpose of the HCD Act.
Grantees may request additional waivers
and alternative requirements from the
Department as needed to address
specific needs related to their recovery
activities. Under the requirements of the
Appropriations Act, waivers must be
published in the Federal Register no
later than five days before the effective
date of such waiver.
1. Reporting of contracts. Public Law
113–2 requires grantees ‘‘to maintain on
a public Web site information
accounting for how all grant funds are
2 Links to the Prior Notices, the text of the
Appropriations Act, and additional guidance
prepared by the Department for CDBG–DR grants,
are available on HUD’s Web site under the Office
of Community Planning and Development, Disaster
Recovery Assistance: https://portal.hud.gov/
hudportal/HUD?src=/program_offices/comm_
planning/communitydevelopment/programs/drsi.
The same information is also available on HUD’s
OneCPD Web site: https://www.onecpd.info/cdbgdr/.
E:\FR\FM\11JYN1.SGM
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]]>Agencies
[Federal Register Volume 79, Number 133 (Friday, July 11, 2014)]
[Notices]
[Pages 40132-40133]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-16314]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5756-N-25]
60-Day Notice of Proposed Information Collection: Request for
Prepayment of Section 202 or 202/8 Direct Loan Project
AGENCY: Office of the Assistant Secretary for Housing- Federal Housing
Commissioner, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: 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 60 days of public comment.
DATES: Comments Due Date: September 9, 2014.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name and/or OMB
Control Number and should be sent to: Colette Pollard, Reports
Management Officer, QDAM, Department of Housing and Urban Development,
451 7th Street SW., Room 4176, Washington, DC 20410-5000; telephone
202-402-3400 (this is not a toll-free number) or email at
Colette.Pollard@hud.gov for a copy of the proposed forms or other
available information. Persons with hearing or speech impairments may
access this number through TTY by calling the toll-free Federal Relay
Service at (800) 877-8339.
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, QDAM, 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. Persons with hearing or speech impairments may access
this number through TTY by calling the toll-free Federal Relay Service
at (800) 877-8339.
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.
A. Overview of Information Collection
Title of Information Collection: Request for Prepayment of Section
202 or 202/8 Project.
OMB Approval Number: 2502-0554.
Type of Request: Extension of a currently approved collection.
Form Number: 9808.
Description of the need for the information and proposed use:
Owners of Section 202 projects use the form as the initial application
to prepay their Section 202 Direct Loan and provide narrative
information relative to the prepayment that must be reviewed by HUD
staff.
Respondents: Business, not for profit institutions.
Estimated Number of Respondents: 185.
Estimated Number of Responses: 185.
Frequency of Response: On occasion.
Average Hours per Response: 2 hours.
Total Estimated Burdens: 370.
[[Page 40133]]
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.
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.
Dated: July 7, 2014.
Laura M. Marin,
Associate General Deputy Assistant Secretary for Housing-Associate
Deputy Federal Housing Commissioner.
[FR Doc. 2014-16314 Filed 7-10-14; 8:45 am]
BILLING CODE 4210-67-P
