Agency: “Office of the Assistant Secretary for Housing–
SUMMARY: HUD is seeking approval from the
DATES: Comments due date:
ADDRESSES: Interested persons are invited to submit their comments on this proposal. Comments should refer to the proposal by name and/or OMB control number and should be sent to:
FOR MORE INFORMATION, CONTACT:
Copies of available documents submitted to the OMB can be obtained from
ADDITIONAL INFORMATION: This notice informs the public that HUD is seeking approval from the OMB for the collection of information described in Section A.
A. Overview of Information Collection
Information Collection Title: Complete Transactional Forms Supporting FHA Section 242
OMB approval number: 2502-0602.
OMB expiry date:
Request Type: Revision of a currently approved collection.
Form Numbers: HUD-2510R, HUD-90032-OHF, HUD-90033-OHF, HUD-91070-OHF, HUD-91071-OHF, HUD-91073-OHF, HUD-91725-OHF, HUD-91725-CERT- OHF , HUD-91725-INST-OHF, HUD-92013-OHF, HUD-92023-OHF, HUD-92070-OHF, HUD-92080-OHF, HUD-92117-OHF, HUD-92205-OHF, HUD-92223- OHF , HUD-92266-OHF, HUD-92322-OHF, HUD-92330-OHF, HUD-92330A-OHF, HUD-92403-OHF, HUD-92403A-OHF, HUD-92415-OHF, HUD-92422-OHF, HUD-92434-OHF, HUD-92441-OHF, HUD-92442-OHF, HUD-92448-OHF, HUD-92452A-OHF, HUD-92452-OHF, HUD-92455-OHF, HUD-92456-OHF, HUD- 92464-OHF, HUD-92466-OHF, HUD-92476-OHF, HUD-92476A-OHF, HUD-92476B-OHF, HUD-92479-OHF, HUD-92554-OHF, HUD-92576-OHF, HUD-93305- OHF, HUD-94000-OHF, HUD-94001-OHF.
Description of information need and proposed use:
This collection of information is necessary specifically for the application and administration of the
The purpose for which the information is collected by HUD is to review Section 242 applications to determine applicant hospitals’ eligibility for FHA mortgage insurance, to underwrite insured hospital loans, to ensure that the security securing each loan is adequate, enter administrative data, process/final approval and manage the FHA hospital portfolio. Additional information related to loan modifications, construction projects, and physical and environmental reviews is collected as appropriate.
The information collected consists of various HUD forms that program participants complete with project specifications, technical descriptions, details, and/or signatures that are used by HUD during various stages of the application, underwriting, initiation, closing and asset management involved with the administration of the FHA Section 242 Mortgage Insurance Program.
The information is used by HUD staff for the internal review of applications to determine if projects are eligible for Section 242 hospital mortgage insurance and to manage and monitor the application, commitment, approval processes. initial/final approval, asset management and administration required to support insured hospital projects. by the FHA. Agreements and legal documents are used by HUD staff, lenders, borrowers, construction managers, and depository institutions, as appropriate, to process initial/final loan approval. Information reported for the ongoing asset management of FHA-insured facilities will be used by HUD personnel to monitor and manage risks within the FHA portfolio and ensure ongoing compliance with HUD program obligations. The information is also used by HUD staff to determine whether the program is achieving its stated goals and management objectives. Information is collected from mortgage lenders/bankers, borrowers/hospital managers, lawyers, general contractors/construction managers, architects/engineers, agents and others involved in hospital projects, which may sometimes include local government entities and other third parties, as well as HUD staff to enable OHF to manage and monitor the application, commitment, initial/final approval, asset management, and administration processes necessary to support FHA-insured hospital projects.
This collection is needed to update and renew the current collection which was approved for a period of 36 months by the OMB on
Three new forms are added to this collection and are listed in the table above: HUD-90032-OHF (Lender Narrative–Interest Rate Reduction), HUD-90033-OHF (Lender’s Certification in Support of Request for IRR) and HUD -2510R (regulatory agreement release). HUD-90033-OHF and HUD-90032-OHF are added for occasional situations involving FHA-insured hospital loan interest rate reductions. The forms allow the lender to summarize the rationale for the request and certify that programmatic requirements for interest rate reductions have been met. The documents are based on the draft OHF guidelines as well as similar forms used by the Section 232 program. The HUD-2510R has been added to facilitate the process regarding the release and discharge of the agreement of regulation.
Two forms will be removed from the collection: HUD-91111-OHF (Investigation Instructions and Borrower Certification) and HUD-94128-OHF (Environmental Assessment and Related Legal Compliance Findings). HUD-91111-OHF will be removed from the collection and information from this form has been combined with HUD-91073-OHF (formerly: HUD Survey Instructions and Surveyor’s Report; now renamed: HUD Survey Instructions, Surveyor’s Report, and Borrower’s Postponement). Certificate of investigation). HUD-94128-OHF will be removed from the collection because HUD’s Online Environmental Review System (HEROS) is now used to prepare environmental reviews.
The declaration of public charge and disclaimer have been revised on all forms.
Three documents in the collection are renewed with only changes to the revised Statement of Public Charge and Disclaimer. The other thirty-seven of the forty forms in the collection are renewed with modifications. Revisions include changes that have been made to clarify current policies and definitions, reflect updated generally accepted accounting standards, or to correct inconsistencies between documents.
A summary of the specific changes (beyond the declaration of public charge and disclaimer) made to the revised materials is provided below.
Summary of Document Changes
*HUD-2510R Regulatory Agreement Release. New document added to facilitate the process regarding the release and discharge of the regulatory agreement. This form will be used by the
* Lender’s story HUD-90032-OHF: Interest rate reduction. New document based on an existing document
* HUD-90033-OHF lender certification in support of IRR application. New document based on an existing document
* HUD-91070-OHF Consolidated Certifications Borrower. Changes have been made to the parts of the certification as follows:
Instructions. Feasibility consultant added as an option. Removed N/A from each line to improve readability.
Part VII. Added a new section, similar to the additional subscription section on
Part VII. Reorganization of the list of entities. Added additional rows for “Other” categories. Complies with page 1-2 of the form.
* HUD-91071-OHF Escrow Agreement for Offsite Installations. Changes have been made to sections of the agreement as follows:
Section D. Added new language to allow extensions up to 90 days which must be submitted in advance to HUD and the lender with a detailed explanation of the extension. This was a problem during the pandemic because the document had no specific language to allow extensions during a shutdown.
Agreement #1 and #8.
Agreement #5 and #7. The lender has been added as the recipient of the requested information. Added specific references to documents to be used for disbursements.
–This is a summary of a
Quote: “87 FR 24574”
Document number: “File No. FR-7056-N-10”
Federal Register page number: “24574”