Prospective purchasers of properties
submit information will mortgages either HUD-insured or HUD held.
This is necessary for approval of a transfer of physical assets.
Information ensures that the project is not placed in physical,
financial, or managerial jeopardy by the transfer.
Adjustments were made from the
last submission based on current data in HUD systems for HUD
insured and HUD-held mortgages. Adjustments were also made to
correct the burden hour estimate for submitting the Proposed Rental
Schedule (form HUD-92458), resulting in a reduction in total burden
hours from 92 to 90.33 for this collection. The previous estimate
for the form HUD-92458 was 10 hours, which was an overestimate. In
addition, data was obtained from payscale.com to include an average
hourly rate for a Property Manager.
$495,600
No
No
Uncollected
Uncollected
No
Uncollected
Kimberly Munson 202
708-1320
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.