60-Day Notice of Proposed Information Collection: HUD Conditional Commitment/Statement of Appraised Value, 92839-92840 [2016-30612]

Download as PDF Federal Register / Vol. 81, No. 244 / Tuesday, December 20, 2016 / Notices mstockstill on DSK3G9T082PROD with NOTICES assessment is important in ensuring ongoing monitoring, but as HUD seeks to connect the methodology of the STS Requirement to annual funding received (which is provided based on a calendar year), a transition to determinations being made each calendar year for all MTW PHAs is necessary. In making annual determinations, PIH Notice 2013–02 established levels of compliance that allow for small or ‘‘nominal’’ dips below 100 percent and that recognize a variety of scenarios that may cause an MTW PHA to have lower percentages in a given year or years. With a revised methodology to track the STS Requirement, it is necessary to reexamine the levels and categories of compliance. (1) How should ‘‘Substantially the Same’’ be interpreted under the 1996 MTW Statute? (2) Should there be a percentage below 100% that is considered fully compliant with the STS Requirement without further justification by the MTW PHA? What should this level be and why? (3) Should there be a percentage below 100% that is considered fully compliant with the STS Requirement with further justification by the MTW PHA and approval by HUD? What should this level be and why? What justifications should be allowable? (4) What should be considered ‘‘noncompliance’’ under the STS Requirement? What enforcement actions should be taken by HUD and what opportunities for corrective actions should be available to MTW PHAs? E. Adjusting for Changes to the Capacity of an MTW PHA To Serve Families and Unforeseen Effects To determine the number of families an MTW PHA must serve under the STS Requirement, HUD envisions annually aggregating the HCV and public housing denominators (discussed in Section II.A(1) and (2) above) and then adjusting that figure up or down according to increases or decreases in an MTW PHA’s capacity to serve families (incremental changes to the MTW PHA’s inventory). This approach addresses standard inventory changes and is similar to that contained in the existing PIH Notice 2013–02. In addition to annual adjustments for standard inventory changes, there may also be a need for limited adjustments to account for unforeseen effects caused by changes in markets and costs. As the revised STS methodology will likely rely on variables that include market and program costs, an opportunity to account for significant changes that occur to those costs after the VerDate Sep<11>2014 19:36 Dec 19, 2016 Jkt 241001 denominator is established may be necessary. This would be separate from any of the standard incremental inventory increases or decreases contained in PIH Notice 2013–02. (1) The variables that result in standard, annual incremental increases or decreases to an MTW PHA’s capacity to serve families are listed in PIH Notice 2013–02. Should HUD consider any changes to this list? (2) Should there be future adjustments of the denominator to account for cost changes outside the scope of the MTW Demonstration Program? If so should such adjustments be elective for each MTW PHA or applied at fixed points to all MTW PHAs? If applied at fixed points, at what intervals should such adjustments occur? What types and levels of changes to costs should be considered in such potential recalculations? F. Ensuring Predictability Under the STS Requirement for Current MTW PHAs If a new methodology for tracking the STS Requirement for current MTW PHAs is put in place, sufficient transition and notification of such a change would be important. With this in mind: (1) What, if any, transition time should be made available to current MTW PHAs in moving from the existing methodology in PIH Notice 2013–02 to the revised methodology? (2) What testing and provisional data should be made available to MTW PHAs in moving from the existing methodology in PIH Notice 2013–02 to the revised methodology? (3) What are other suggestions to ensure predictability for MTW PHAs with regard to the STS Requirement? G. Other Feedback In addition to the specific areas above, the Department welcomes any feedback from the public on improvements that could be made to improve monitoring of the STS Requirement. (1) What are other suggestions to improve monitoring of the STS Requirement not covered in other portions of this Notice? (2) Should this revised methodology apply to both current MTW PHAs and PHAs that will be added to the MTW Demonstration Program through the MTW Expansion detailed in the 2016 Consolidated Appropriations Act, Public Law 114–113, Sec. 239? PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 92839 Dated: December 14, 2016. Jemine A. Bryon, General Deputy Assistant, Secretary for Public and Indian Housing. [FR Doc. 2016–30622 Filed 12–19–16; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5913–N–37] 60-Day Notice of Proposed Information Collection: HUD Conditional Commitment/Statement of Appraised Value 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 is to allow for 60 days of public comment. SUMMARY: Comments Due Date: February 21, 2017. 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: Cheryl Walker, Director, Home Valuation Policy Division, Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410; email at Cheryl.B.Walker@ hud.gov or telephone 202–708–2121, x6880. 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. DATES: E:\FR\FM\20DEN1.SGM 20DEN1 92840 Federal Register / Vol. 81, No. 244 / Tuesday, December 20, 2016 / Notices Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35. This notice informs the public that HUD is seeking approval from OMB for the information collection described in Section A. SUPPLEMENTARY INFORMATION: A. Overview of Information Collection Title of Information Collection: HUD Conditional Commitment/Direct Endorsement Statement of Appraised Value. OMB Approval Number: 2502–0494. Type of Request: Revision. Form Number: HUD 92800.5b. Description of the need for the information and proposed use: Lenders must provide to loan applicants either a completed copy of form HUD–92800.5B, or a copy of the completed appraisal report, at or before loan closing. Form HUD 92800.5B serves as the mortgagee’s conditional commitment/direct endorsement statement of value of FHA mortgage insurance on the property. The form provides a section for a statement of the property’s appraised value and other required FHA disclosures to the homebuyer, including specific conditions that must be met before HUD can endorse a firm commitment for mortgage insurance. HUD uses the information only to determine the eligibility of a property for mortgage insurance. Respondents (i.e. affected public): Business. Estimated Number of Respondents: 1800. Estimated Number of Responses: 928,119. Frequency of Response: On occasion. Average Hours per Response: .12. Total Estimated Burdens: 111,374. mstockstill on DSK3G9T082PROD with 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. VerDate Sep<11>2014 19:36 Dec 19, 2016 Jkt 241001 Dated: December 8, 2016. Janet M. Golrick, Associate General Deputy Assistant Secretary for Housing-Associate Deputy Federal Housing Commissioner. [FR Doc. 2016–30612 Filed 12–19–16; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5991–N–01] Section 8 Housing Assistance Payments Program—Annual Adjustment Factors, Fiscal Year 2017 Office of the Assistant Secretary for Policy Development and Research, HUD. ACTION: Notice of Fiscal Year (FY) 2017 Annual Adjustment Factors (AAFs). AGENCY: The United States Housing Act of 1937 requires that certain assistance contracts signed by owners participating in the Department’s Section 8 housing assistance payment programs provide annual adjustments to monthly rentals for units covered by the contracts. This notice announces FY 2017 AAFs for adjustment of contract rents on the anniversary of those assistance contracts. The factors are based on a formula using residential rent and utility cost changes from the most recent annual Bureau of Labor Statistics Consumer Price Index (CPI) survey. Beginning with the FY 2014 AAFs and continuing with these FY 2017 AAFs, the Puerto Rico CPI is used in place of the South Region CPI for all areas in Puerto Rico. These factors are applied at the anniversary of Housing Assistance Payment (HAP) contracts for which rents are to be adjusted using the AAF for those calendar months commencing after the effective date of this notice. A separate Federal Register Notice that will be published at a later date will identify the inflation factors that will be used to adjust FY 2017 tenant-based rental assistance funding. DATES: December 20, 2016. FOR FURTHER INFORMATION: Contact Becky Primeaux, Director, Management and Operations Division, Office of Housing Voucher Programs, Office of Public and Indian Housing, 202–708– 1380, for questions relating to the Project-Based Certificate and Moderate Rehabilitation programs (not the Single Room Occupancy program); Ann Oliva, Director, Office of Special Needs Assistance Programs, Office of Community Planning and Development, SUMMARY: PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 202–708–4300, for questions regarding the Single Room Occupancy (SRO) Moderate Rehabilitation program; Catherine Brennan, Director, Office of Housing Assistance and Grant Administration, Office of Housing, 202– 708–3000, for questions relating to all other Section 8 programs; and Marie Lihn, Economist, Economic and Market Analysis Division, Office of Policy Development and Research, 202–402– 5866, for technical information regarding the development of the schedules for specific areas or the methods used for calculating the AAFs. The mailing address for these individuals is: Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410. Hearing- or speech-impaired persons may contact the Federal Information Relay Service at 800–877–8339 (TTY). (Other than the ‘‘800’’ TTY number, the above-listed telephone numbers are not toll free.) SUPPLEMENTARY INFORMATION: Tables showing AAFs will be available electronically from the HUD data information page at http:// www.huduser.gov/portal/datasets/ aaf.html. I. Applying AAFs to Various Section 8 Programs AAFs established by this Notice are used to adjust contract rents for units assisted in certain Section 8 housing assistance payment programs during the initial (i.e., pre-renewal) term of the HAP contract and for all units in the Project-Based Certificate program. There are three categories of Section 8 programs that use the AAFs: Category 1: The Section 8 New Construction, Substantial Rehabilitation, and Moderate Rehabilitation programs; Category 2: The Section 8 Loan Management (LM) and Property Disposition (PD) programs; and Category 3: The Section 8 ProjectBased Certificate (PBC) program. Each Section 8 program category uses the AAFs differently. The specific application of the AAFs is determined by the law, the HAP contract, and appropriate program regulations or requirements. AAFs are not used in the following cases: Renewal Rents. With the exception of the Project-Based Certificate program, AAFs are not used to determine renewal rents after expiration of the original Section 8 HAP contract (either for projects where the Section 8 HAP contract is renewed under a restructuring plan adopted under 24 CFR part 401; or renewed without restructuring under 24 CFR part 402). In E:\FR\FM\20DEN1.SGM 20DEN1

Agencies

[Federal Register Volume 81, Number 244 (Tuesday, December 20, 2016)]
[Notices]
[Pages 92839-92840]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-30612]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5913-N-37]


60-Day Notice of Proposed Information Collection: HUD Conditional 
Commitment/Statement of Appraised Value

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: February 21, 2017.

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:  Cheryl Walker, Director, Home 
Valuation Policy Division, Department of Housing and Urban Development, 
451 7th Street SW., Washington, DC 20410; email at 
Cheryl.B.Walker@hud.gov or telephone 202-708-2121, x6880. 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.

[[Page 92840]]


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: HUD Conditional Commitment/Direct 
Endorsement Statement of Appraised Value.
    OMB Approval Number: 2502-0494.
    Type of Request: Revision.
    Form Number: HUD 92800.5b.
    Description of the need for the information and proposed use: 
Lenders must provide to loan applicants either a completed copy of form 
HUD-92800.5B, or a copy of the completed appraisal report, at or before 
loan closing. Form HUD 92800.5B serves as the mortgagee's conditional 
commitment/direct endorsement statement of value of FHA mortgage 
insurance on the property. The form provides a section for a statement 
of the property's appraised value and other required FHA disclosures to 
the homebuyer, including specific conditions that must be met before 
HUD can endorse a firm commitment for mortgage insurance. HUD uses the 
information only to determine the eligibility of a property for 
mortgage insurance.
    Respondents (i.e. affected public): Business.
    Estimated Number of Respondents: 1800.
    Estimated Number of Responses: 928,119.
    Frequency of Response: On occasion.
    Average Hours per Response: .12.
    Total Estimated Burdens: 111,374.

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: December 8, 2016.
Janet M. Golrick,
Associate General Deputy Assistant Secretary for Housing-Associate 
Deputy Federal Housing Commissioner.
[FR Doc. 2016-30612 Filed 12-19-16; 8:45 am]
 BILLING CODE 4210-67-P