Notice of Single Family Loan Sales (SFLS 2011-2), 35461-35462 [2011-15029]

Download as PDF Federal Register / Vol. 76, No. 117 / Friday, June 17, 2011 / Notices Domestic Assistance (CFDA) number for this program is 14.890. Applications must be submitted electronically through Grants.gov. FOR FURTHER INFORMATION CONTACT: Questions regarding specific program requirements should be directed to the agency contact identified in the program NOFA. Program staff will not be available to provide guidance on how to prepare the application. Questions regarding the 2011 General Section should be directed to the Office of Grants Management and Oversight at (202) 708–0667 or the NOFA Information Center at 800–HUD–8929 (toll free). Persons with hearing or speech impairments may access these numbers via TTY by calling the Federal Information Relay Service at 800–877– 8339. Dated: June 10, 2011. Barbara S. Dorf, Director, Office of Departmental Grants Management and Oversight, Office of the Chief of the Human Capital Officer. [FR Doc. 2011–15031 Filed 6–16–11; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5509–N–01] Notice of Web Availability: Notice of Funding Availability (NOFA) for HUD’s Fiscal Year (FY) 2011 Capacity Building for Sustainable Communities Program Office of the Chief of the Human Capital Officer, HUD. ACTION: Notice. AGENCY: HUD announces the availability on its website and Grants.gov, applicant information, submission deadlines, funding criteria, and other requirements for HUD’s FY2011 Capacity Building for Sustainable Communities Program NOFA. Specifically, this NOFA announces the availability of approximately $5.65 million made available under the Department of Defense and Full-Year Continuing Appropriations Act, 2011, Public Law 112–10, enacted April 15, 2011. Program Purpose: The purpose of the Capacity Building for Sustainable Communities program is twofold. The first purpose is to assemble a collection of capacity building service providers to work directly with the FY2010 and FY2011 HUD Sustainable Communities Regional Planning and Community Challenge grant recipients, HUD Preferred Sustainability Status emcdonald on DSK2BSOYB1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:39 Jun 16, 2011 Jkt 223001 Communities, and EPA Sustainable Community Technical Assistance recipients and Brownfield Area Wide Planning grant recipients (collectively —Sustainable Communities Grantees), to enable them to fulfill their anticipated outcomes. HUD and other Partnership agencies will work regularly with all selected intermediary service providers to maintain a coordinated and leveraged delivery approach that ensures the maximum benefit to local governments, regions, and planning entities and partners engaged in the prescribed activities. The second purpose of the Program is to build a national coalition and leadership network of the Sustainable Communities grantees. The purpose of the network is to facilitate the exchange of successful strategies, lessons learned, emerging tools and public engagement strategies, and approaches for avoiding or minimizing pitfalls. HUD will work with the selected intermediaries to develop a robust evaluation component for the network. The notice providing information regarding the application process, funding criteria and eligibility requirements, application and instructions can be found using the Department of Housing and Urban Development agency link on the Grants.gov/Find Web site at http:// www.grants.gov/search/agency.do. A link to the funding opportunity is also available on the HUD Web site at http://portal.hud.gov/hudportal/ HUD?src=/program_offices/ administration/grants/fundsavail. The link from the funds available page will take you to the agency link on Grants.gov. The Catalogue of Federal Domestic Assistance (CFDA) number for this program is 14.705. Applications must be submitted electronically through Grants.gov. FOR FURTHER INFORMATION CONTACT: Questions regarding specific program requirements should be directed to the agency contact identified in the program NOFA. Program staff will not be available to provide guidance on how to prepare the application. Questions regarding the 2011 General Section should be directed to the Office of Grants Management and Oversight at (202) 708–0667 or the NOFA Information Center at 800–HUD–8929 (toll free). Persons with hearing or speech impairments may access these numbers via TTY by calling the Federal Information Relay Service at 800–877– 8339. PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 35461 Dated: June 10, 2011. Barbara S. Dorf, Director, Office of Departmental Grants, Management, and Oversight, Office of the Chief of the Human Capital Officer. [FR Doc. 2011–15032 Filed 6–16–11; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5502–N–02] Notice of Single Family Loan Sales (SFLS 2011–2) Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice. AGENCY: This notice announces HUD’s intention to competitively sell certain unsubsidized single family mortgage loans in a sealed bid sale offering called SFLS 2011–2, without Federal Housing Administration (FHA) mortgage insurance. This notice also generally describes the bidding process for the sale and certain persons who are ineligible to bid. This second sale of Fiscal Year (FY) 2011 is scheduled for June 22, 2011. HUD’s third sale in FY 2011, SFLS 2011–3, is scheduled for September 14, 2011. DATES: For this sale, the Bidder’s Information Package (BIP) was made available to qualified bidders on May 18, 2011. Bids for the 2011–2 sale must be submitted on the bid date, which is currently scheduled for June 22, 2011 (the Bid Date). HUD anticipates that award(s) will be made on or about June 23, 2011 (the Award Date). ADDRESSES: To become a qualified bidder and receive the BIP, prospective bidders must complete, execute, and submit a Confidentiality Agreement and a Qualification Statement acceptable to HUD. Both documents will be available on the HUD Web site at: http:// www.hud.gov/sfloansales. Please mail and fax executed documents to HUD’s Asset Sales Office: Asset Sales Office, United States Department of Housing and Urban Development, 451 7th Street, SW., Room 3136, Washington, DC 20410, Attention: Single Family Sale Coordinator, Fax: 202–708–2771. FOR FURTHER INFORMATION CONTACT: John Lucey, Deputy Director, Asset Sales Office, Office of Housing, Department of Housing and Urban Development, Room 3136, 451 7th Street, SW., Washington, DC 20410–8000; telephone number 202– 708–2625, extension 3927. Persons with hearing- or speech-impairments may SUMMARY: E:\FR\FM\17JNN1.SGM 17JNN1 35462 Federal Register / Vol. 76, No. 117 / Friday, June 17, 2011 / Notices access this number through TTY by calling the toll-free Federal Relay Service at 1–800–877–8339. SUPPLEMENTARY INFORMATION: HUD announces its intention to sell in SFLS 2011–2 certain unsubsidized nonperforming mortgage loans (Mortgage Loans) secured by single family properties located throughout the United States. A listing of the Mortgage Loans will be included in the due diligence materials made available to qualified bidders. The Mortgage Loans will be sold without FHA insurance and with servicing released. HUD will offer qualified bidders an opportunity to bid competitively on the Mortgage Loans. The Bidding Process The BIP will describe in detail the procedure for bidding in SFLS 2011–2. The BIP will also include a standardized non-negotiable Conveyance, Assignment and Assumption Agreement (CAA Agreement). Qualified bidders will be required to submit a deposit with their bid. Deposits are calculated based upon each qualified bidder’s aggregate bid price. HUD will evaluate the bids submitted and determine the successful bid, in terms of the best value to HUD, in its sole and absolute discretion. If a qualified bidder is successful, the qualified bidder’s deposit will be nonrefundable and will be applied toward the purchase price. Deposits will be returned to unsuccessful bidders. For the 2011–2 sale action, settlements are expected to take place on July 13, 2011 and August 18, 2011. This notice provides some of the basic terms of sale. The CAA Agreement, which will be included in the BIP, will provide comprehensive contractual terms and conditions. To ensure a competitive bidding process, the terms of the bidding process and the CAA Agreement are not subject to negotiation. Due Diligence Review The BIP will describe how qualified bidders may access the due diligence materials remotely via a high-speed Internet connection. emcdonald on DSK2BSOYB1PROD with NOTICES Mortgage Loan Sale Policy HUD reserves the right to remove Mortgage Loans from SFLS 2011–2 at any time prior to the Award Date. HUD also reserves the right to reject any and all bids, in whole or in part, and include any Mortgage Loans in a later sale. Mortgage Loans will not be withdrawn after the Award Date except as specifically provided in the CAA Agreement. VerDate Mar<15>2010 17:39 Jun 16, 2011 Jkt 223001 The 2011–2 sale of Mortgage Loans are assigned to HUD pursuant to section 204(a)(1)(A) of the National Housing Act as amended under Title VI of the Departments of Veterans Affairs and Housing and Urban Development and Independent Agencies Appropriations Act, 1999. The sale of the Mortgage Loans is pursuant to section 204(g) of the National Housing Act. Mortgage Loan Sale Procedure HUD selected an open competitive whole-loan sale as the method to sell the Mortgage Loans. This method of sale optimizes HUD’s return on the sale of these Mortgage Loans, affords the greatest opportunity for all qualified bidders to bid on the Mortgage Loans, and provides the quickest and most efficient vehicle for HUD to dispose of the Mortgage Loans. Bidder Ineligibility In order to bid in the 2011–2 sale, a prospective qualified bidder must complete, execute and submit both a Confidentiality Agreement and a Qualification Statement acceptable to HUD. The following individuals and entities are ineligible to bid on any of the Mortgage Loans included in SFLS 2011–2: 1. An employee of HUD, a member of such employee’s household, or an entity owned or controlled by any such employee or member of such an employee’s household; 2. An individual or entity that is debarred, suspended, or excluded from doing business with HUD pursuant to 24 CFR Part 24, and 2 CFR Part 2424; 3. An individual or entity that has been suspended, debarred or otherwise restricted by any Department or Agency of the Federal Government or of a State Government from doing business with such Department or Agency; 4. An individual or entity that has been debarred, suspended, or excluded from doing mortgage related business, including having a business license suspended, surrendered or revoked, by any federal, state or local government agency, division or department; 5. A contractor, subcontractor and/or consultant or advisor (including any agent, employee, partner, director, principal or affiliate of any of the foregoing) who performed services for or on behalf of HUD in connection with the Sales; 6. An individual or entity that uses the services, directly or indirectly, of any person or entity ineligible under subparagraphs 1 through 3 above to assist in preparing any of its bids on the Mortgage Loans; PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 7. An individual or entity which employs or uses the services of an employee of HUD (other than in such employee’s official capacity) who is involved in single family asset sales; 8. An entity or individual that serviced or held any Mortgage Loan at any time during the 2-year period prior to the Award Date is ineligible to bid on such Mortgage Loan or on the pool containing such Mortgage Loan, and 9. An entity or individual that is: (a) Any affiliate or principal of any entity or individual described in the preceding sentence (sub-paragraph 8); (b) any employee or subcontractor of such entity or individual during that 2-year period prior to Award Date; or (c) any entity or individual that employs or uses the services of any other entity or individual described in this paragraph in preparing its bid on such Mortgage Loan. Freedom of Information Act Requests HUD reserves the right, in its sole and absolute discretion, to disclose information regarding SFLS 2011–2, including, but not limited to, the identity of any successful qualified bidder and its bid price or bid percentage for any pool of loans or individual loan, upon the closing of the sale of all the Mortgage Loans. Even if HUD elects not to publicly disclose any information relating to SFLS 2011–2, HUD will have the right to disclose any information that HUD is obligated to disclose pursuant to the Freedom of Information Act and all regulations promulgated thereunder. Scope of Notice This notice applies to SFLS 2011–2 and does not establish HUD’s policy for the sale of other mortgage loans. Dated: June 10, 2011. Robert C. Ryan, Acting Assistant Secretary for Housing, Federal Housing Commissioner. [FR Doc. 2011–15029 Filed 6–16–11; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF THE INTERIOR Office of the Secretary Proposed Renewal of Information Collection; Source Directory of American Indian and Alaska Native Owned and Operated Arts and Crafts Businesses Indian Arts and Crafts Board, Interior. ACTION: Notice; request for comments. AGENCY: E:\FR\FM\17JNN1.SGM 17JNN1

Agencies

[Federal Register Volume 76, Number 117 (Friday, June 17, 2011)]
[Notices]
[Pages 35461-35462]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-15029]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5502-N-02]


Notice of Single Family Loan Sales (SFLS 2011-2)

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: This notice announces HUD's intention to competitively sell 
certain unsubsidized single family mortgage loans in a sealed bid sale 
offering called SFLS 2011-2, without Federal Housing Administration 
(FHA) mortgage insurance. This notice also generally describes the 
bidding process for the sale and certain persons who are ineligible to 
bid. This second sale of Fiscal Year (FY) 2011 is scheduled for June 
22, 2011. HUD's third sale in FY 2011, SFLS 2011-3, is scheduled for 
September 14, 2011.

DATES: For this sale, the Bidder's Information Package (BIP) was made 
available to qualified bidders on May 18, 2011. Bids for the 2011-2 
sale must be submitted on the bid date, which is currently scheduled 
for June 22, 2011 (the Bid Date). HUD anticipates that award(s) will be 
made on or about June 23, 2011 (the Award Date).

ADDRESSES: To become a qualified bidder and receive the BIP, 
prospective bidders must complete, execute, and submit a 
Confidentiality Agreement and a Qualification Statement acceptable to 
HUD. Both documents will be available on the HUD Web site at: http://www.hud.gov/sfloansales.
    Please mail and fax executed documents to HUD's Asset Sales Office: 
Asset Sales Office, United States Department of Housing and Urban 
Development, 451 7th Street, SW., Room 3136, Washington, DC 20410, 
Attention: Single Family Sale Coordinator, Fax: 202-708-2771.

FOR FURTHER INFORMATION CONTACT: John Lucey, Deputy Director, Asset 
Sales Office, Office of Housing, Department of Housing and Urban 
Development, Room 3136, 451 7th Street, SW., Washington, DC 20410-8000; 
telephone number 202-708-2625, extension 3927. Persons with hearing- or 
speech-impairments may

[[Page 35462]]

access this number through TTY by calling the toll-free Federal Relay 
Service at 1-800-877-8339.

SUPPLEMENTARY INFORMATION: HUD announces its intention to sell in SFLS 
2011-2 certain unsubsidized non-performing mortgage loans (Mortgage 
Loans) secured by single family properties located throughout the 
United States. A listing of the Mortgage Loans will be included in the 
due diligence materials made available to qualified bidders. The 
Mortgage Loans will be sold without FHA insurance and with servicing 
released. HUD will offer qualified bidders an opportunity to bid 
competitively on the Mortgage Loans.

The Bidding Process

    The BIP will describe in detail the procedure for bidding in SFLS 
2011-2. The BIP will also include a standardized non-negotiable 
Conveyance, Assignment and Assumption Agreement (CAA Agreement). 
Qualified bidders will be required to submit a deposit with their bid. 
Deposits are calculated based upon each qualified bidder's aggregate 
bid price.
    HUD will evaluate the bids submitted and determine the successful 
bid, in terms of the best value to HUD, in its sole and absolute 
discretion. If a qualified bidder is successful, the qualified bidder's 
deposit will be non-refundable and will be applied toward the purchase 
price. Deposits will be returned to unsuccessful bidders. For the 2011-
2 sale action, settlements are expected to take place on July 13, 2011 
and August 18, 2011.
    This notice provides some of the basic terms of sale. The CAA 
Agreement, which will be included in the BIP, will provide 
comprehensive contractual terms and conditions. To ensure a competitive 
bidding process, the terms of the bidding process and the CAA Agreement 
are not subject to negotiation.

Due Diligence Review

    The BIP will describe how qualified bidders may access the due 
diligence materials remotely via a high-speed Internet connection.

Mortgage Loan Sale Policy

    HUD reserves the right to remove Mortgage Loans from SFLS 2011-2 at 
any time prior to the Award Date. HUD also reserves the right to reject 
any and all bids, in whole or in part, and include any Mortgage Loans 
in a later sale. Mortgage Loans will not be withdrawn after the Award 
Date except as specifically provided in the CAA Agreement.
    The 2011-2 sale of Mortgage Loans are assigned to HUD pursuant to 
section 204(a)(1)(A) of the National Housing Act as amended under Title 
VI of the Departments of Veterans Affairs and Housing and Urban 
Development and Independent Agencies Appropriations Act, 1999. The sale 
of the Mortgage Loans is pursuant to section 204(g) of the National 
Housing Act.

Mortgage Loan Sale Procedure

    HUD selected an open competitive whole-loan sale as the method to 
sell the Mortgage Loans. This method of sale optimizes HUD's return on 
the sale of these Mortgage Loans, affords the greatest opportunity for 
all qualified bidders to bid on the Mortgage Loans, and provides the 
quickest and most efficient vehicle for HUD to dispose of the Mortgage 
Loans.

Bidder Ineligibility

    In order to bid in the 2011-2 sale, a prospective qualified bidder 
must complete, execute and submit both a Confidentiality Agreement and 
a Qualification Statement acceptable to HUD. The following individuals 
and entities are ineligible to bid on any of the Mortgage Loans 
included in SFLS 2011-2:
    1. An employee of HUD, a member of such employee's household, or an 
entity owned or controlled by any such employee or member of such an 
employee's household;
    2. An individual or entity that is debarred, suspended, or excluded 
from doing business with HUD pursuant to 24 CFR Part 24, and 2 CFR Part 
2424;
    3. An individual or entity that has been suspended, debarred or 
otherwise restricted by any Department or Agency of the Federal 
Government or of a State Government from doing business with such 
Department or Agency;
    4. An individual or entity that has been debarred, suspended, or 
excluded from doing mortgage related business, including having a 
business license suspended, surrendered or revoked, by any federal, 
state or local government agency, division or department;
    5. A contractor, subcontractor and/or consultant or advisor 
(including any agent, employee, partner, director, principal or 
affiliate of any of the foregoing) who performed services for or on 
behalf of HUD in connection with the Sales;
    6. An individual or entity that uses the services, directly or 
indirectly, of any person or entity ineligible under subparagraphs 1 
through 3 above to assist in preparing any of its bids on the Mortgage 
Loans;
    7. An individual or entity which employs or uses the services of an 
employee of HUD (other than in such employee's official capacity) who 
is involved in single family asset sales;
    8. An entity or individual that serviced or held any Mortgage Loan 
at any time during the 2-year period prior to the Award Date is 
ineligible to bid on such Mortgage Loan or on the pool containing such 
Mortgage Loan, and
    9. An entity or individual that is: (a) Any affiliate or principal 
of any entity or individual described in the preceding sentence (sub-
paragraph 8); (b) any employee or subcontractor of such entity or 
individual during that 2-year period prior to Award Date; or (c) any 
entity or individual that employs or uses the services of any other 
entity or individual described in this paragraph in preparing its bid 
on such Mortgage Loan.

Freedom of Information Act Requests

    HUD reserves the right, in its sole and absolute discretion, to 
disclose information regarding SFLS 2011-2, including, but not limited 
to, the identity of any successful qualified bidder and its bid price 
or bid percentage for any pool of loans or individual loan, upon the 
closing of the sale of all the Mortgage Loans. Even if HUD elects not 
to publicly disclose any information relating to SFLS 2011-2, HUD will 
have the right to disclose any information that HUD is obligated to 
disclose pursuant to the Freedom of Information Act and all regulations 
promulgated thereunder.

Scope of Notice

    This notice applies to SFLS 2011-2 and does not establish HUD's 
policy for the sale of other mortgage loans.

    Dated: June 10, 2011.
Robert C. Ryan,
Acting Assistant Secretary for Housing, Federal Housing Commissioner.
[FR Doc. 2011-15029 Filed 6-16-11; 8:45 am]
BILLING CODE 4210-67-P