71722 Federal Register / Vol. 75, No. 226 / Wednesday, November 24, 2010 / Notices 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5376–N–111] 

Notice of Submission of Proposed 

Information Collection to OMB; 

Emergency Comment Request Rural 

Innovation Fund; Notice of Proposed 

Information Collection for Public 

Comment 

AGENCY: Office of the Chief Information 

Officer. 

ACTION: Notice of proposed information 

collection. 

SUMMARY: The proposed information 

collection requirement described below 

has been submitted to the Office of 

Management and Budget (OMB) for 

emergency review and approval, as 

required by the Paperwork Reduction 

Act. The Department is soliciting public 

comments on the subject proposal. 

The Rural Innovation Fund (Rural 

Fund) is authorized pursuant to the 

Consolidated Appropriations Act, 2010, 

Public Law 111–117. Rural Fund is 

designed to provide support for highly 

targeted and innovative grants dedicated 

to addressing the problems of 

concentrated rural housing distress and 

community poverty for projects that 

demonstrate a great likelihood of 

substantial impact in addressing the 

housing needs and community poverty 

in the project area. 

DATES: Comments Due Date: December 

8, 2010. 

ADDRESSES: Interested persons are 

invited to submit comments regarding 

this proposal. Comments must be 

received within fourteen (14) days from 

the date of this Notice. Comments 

should refer to the proposal by name/or 

OMB approval number and should be 

sent to: Ross A. Rutledge, HUD Desk 

Officer, Office of Management and 

Budget, New Executive Office Building, 

Washington, DC 20503; e-mail: 

Ross.A.Rutledge@omb.eop.gov; fax: 

202–395–3086. 

FOR FURTHER INFORMATION CONTACT: 

Colette Pollard, Departmental Reports 

Management Officer, QDAM, 

Department of Housing and Urban 

Development, 451 7th Street, SW., 

Washington, DC 20410; e-mail 

Colette.Pollard@HUD.gov; telephone 

(202) 402–3400. This is not a toll-free 

number. Copies of available documents 

submitted to OMB may be obtained 

from Ms. Pollard. 

SUPPLEMENTARY INFORMATION: This 

notice informs the public that the 

Department of Housing and Urban 

Development has submitted to OMB a 

request for approval of the Information 

collection described below. This notice 

is soliciting comments from members of 

the public and affecting agencies 

concerning the proposed collection of 

information to: (1) Evaluate 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) Evaluate the 

accuracy of the agency’s estimate of the 

burden of the proposed collection of 

information; (3) Enhance the quality, 

utility, and clarity of the information to 

be collected; and (4) 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. 

This Notice also lists the following 

information: 

Title of Proposal: Rural Innovation 

Fund 

Description of Information Collection: 

The Rural Innovation Fund (Rural 

Fund) is authorized pursuant to the 

Consolidated Appropriations Act, 2010, 

Public Law 111–117. Rural Fund is 

designed to provide support for highly 

targeted and innovative grants dedicated 

to addressing the problems of 

concentrated rural housing distress and 

community poverty for projects that 

demonstrate a great likelihood of 

substantial impact in addressing the 

housing needs and community poverty 

in the project area. 

OMB Control Number: 2506–NEW 

Agency Form Numbers: SF 424, 

Application for Federal Assistance; SF 

424 Supplement, Survey on Ensuring 

Equal Opportunity; HUD 424 CB, 

Detailed Budget; HUD 424 CBW 

Detailed Budget Worksheet; HUD 2991, 

Consistency with the Consolidated Plan; 

SF LLL, Disclosure of Lobbying 

Activities, not applicable to Federally 

recognized Indian tribes; HUD 27061, 

Race and Ethnic Data; HUD–96010, 

Logic Model; HUD 27300, America’s 

Affordable Communities Initiative; 

HUD–2880, Applicant/Recipient 

Disclosure Update Report; HUD 2994 A, 

Grant Application Survey; SF 1199 A, 

Direct Deposit; HUD 27054, Voice 

Response Authorization System; HUD 

27054 A, LOCCS Request Voucher; SF 

425, Financial Status Report; HUD 2990, 

RC/EZ/EC–II Certification; SF PPR–E 

Activity Based Expenditure Report; 

HUD 6002, Economic Opportunity for 

Low-and-Very Low Income Persons In 

Connection With Assisted Projects. 

Members of Affected Public: Local 

rural nonprofit organizations, 

community development corporations, 

federally recognized Indian tribes, state 

housing finance agencies, and state 

community and/or economic 

development agencies eligible to 

address the problem of concentrated 

rural housing distress and community 

poverty in rural areas and promote 

economic development and 

entrepreneurship as described in The 

Consolidated Appropriations Action 

2010, Public Law 111–117, under the 

HUD provision for the Rural Innovation 

Fund. 

Estimation of the total numbers of 

hours needed to prepare the information 

collection including number of 

respondents, frequency of responses, 

and hours of response: 

Number of respondents Frequency of 

responses 

Total 

responses 

250 ........................................................................................................................................................................... 78 19,500 

85 ............................................................................................................................................................................. 62 5,270 

Total .................................................................................................................................................................. ........................ 24,770 

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Federal Register / Vol. 75, No. 226 / Wednesday, November 24, 2010 / Notices 71723 

Authority: The Paperwork Reduction Act 

of 1995, 44 U.S.C. Chapter 35, as amended. 

Dated: November 18, 2010. 

Colette Pollard, 

Departmental Reports Management Officer, 

Office of the Chief Information Officer. 

[FR Doc. 2010–29653 Filed 11–23–10; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5440–N–01] 

Policies and Procedures Pertaining to 

Changes in Listing Brokers 

Participating in the Federal Housing 

Administration (FHA) Management and 

Marketing III Program 

AGENCY: Office of the Assistant 

Secretary for Housing—Federal Housing 

Commissioner, HUD. 

ACTION: Notice. 

SUMMARY: Today’s Federal Register 

notice describes how duly licensed real 

estate brokers may participate as Listing 

or Selling brokers under FHA’s 

Management and Marketing III (M&M 

III) program. All brokers may participate 

as Selling brokers. Brokers that wish to 

list HUD’s Real Estate Owned (REO) 

properties, however, must be selected as 

a Listing broker by HUD’s Asset 

Manager (AM) vendors. HUD will pay a 

commission of up to six percent to be 

split evenly between ‘‘Listing’’ and 

‘‘Selling’’ brokers as is usual and 

customary in the real estate market. 

DATES: Participation by all brokers in 

the M&M III program announced in this 

notice shall be in effect from the date of 

publication of this notice through May 

31, 2015. 

FOR FURTHER INFORMATION CONTACT: 

Vance T. Morris, Director, Office of 

Single Family Asset Management, 

Department of Housing and Urban 

Development, 451 7th Street, SW., 

Room 9172, Washington, DC 20410; 

telephone number 202–708–1672 (this 

is not a toll-free telephone number). 

Persons with hearing or speech 

impairments may access this number 

via TTY by calling the toll-free Federal 

Information Relay Service at 800–877– 

8339. 

SUPPLEMENTARY INFORMATION: 

I. Background 

A. Management and Marketing Program 

The Federal Housing Administration 

(FHA) administers the single-family 

mortgage insurance program. FHA 

insures approved lenders against the 

risk of loss on properties obtained with 

FHA insured financing. In the event of 

a default on an FHA insured loan, the 

lender acquires title to the property by 

foreclosure, a deed-in-lieu of 

foreclosure, or other acquisition 

method, files a claim for insurance 

benefits and conveys the property to 

HUD. As a result of acquisitions through 

the mortgage insurance program and 

other programs, HUD has a need to sell 

a sizable inventory of single-family 

homes, making HUD the largest single 

seller of real estate in the United States. 

In fiscal years 2008 and 2009, the 

Department sold 46,333 and 49,385 

single-family homes, respectively. 

Since 1999, HUD has outsourced the 

disposition of its REO inventory to 

private sector contractors under the 

Management and Marketing (M&M) 

Program. In June of 2010, HUD awarded 

contracts under the third generation of 

M&M. Under the previous generations 

of M&M contracts, HUD contracted with 

a single entity to provide all of the 

administrative, program support, 

management and marketing services 

throughout the United States, the 

Caribbean, Guam and the Northern 

Marianna Islands. Under the M&M III 

program, HUD developed a disposition 

structure for its REO inventory that will 

streamline its operations, capitalize on 

the expertise of its potential vendors/ 

contractors, and provide flexibility to 

meet changing market conditions in the 

REO industry. 

One change is that, beginning June 1, 

2010, HUD has contracted with AM 

vendors who are responsible for the 

marketing and selling of HUD REO 

properties. Multiple AM vendors have 

been contracted to market HUD-owned 

properties within their selected contract 

area within each geographic 

Homeownership Center (HOC) area. AM 

vendors are required to use the services 

of local real estate professionals, whose 

primary place of business is within 

reasonable proximity to the listed 

property, including small and small 

disadvantaged businesses, to list 

properties for sale and to allow all 

brokers, regardless of their participation 

in a Multiple Listing Service, an equal 

opportunity to show and sell HUDowned properties. Local listing brokers 

will be used to ensure wide market 

exposure for HUD–REO Properties. 

Under the new M&M III program, HUD 

will pay a commission of up to six 

percent to be split evenly between 

Listing and Selling brokers, as is usual 

and customary in the real estate market. 

This is a change from previous M&M 

programs where listing brokers 

contracted with the M&M contractors 

and the M&M contractors were 

responsible for paying the listing 

brokers. The commission paid to Listing 

and Selling brokers will be made on the 

form HUD–1, Settlement Statement. 

AM vendors are responsible for 

selecting, managing, and overseeing 

listing brokers who participate in the 

M&M III program. Brokers that wish to 

participate as either listing or selling 

brokers in the M&M III program must 

register for, and receive a Name Address 

Identification Number (NAID) before 

they can either list or sell HUD 

properties. Brokers who already have a 

NAID do not need to apply for a new 

NAID in order to list HUD REO 

properties but must be selected by the 

AM vendor as a listing broker. Brokers 

must also be properly licensed in the 

geographic areas for which they want to 

list properties for sale. 

B. How To Register for an NAID 

Brokers may register for and receive 

an NAID by completing and submitting 

a form SAMS–1111. The form SAMS– 

1111 can be found at http://www.hud.

gov/offices/adm/hudclips/forms/

samsforms.cfm. Completed forms and 

supporting documentation must be sent 

to the HOC jurisdiction for the 

geographic area where the broker will 

list a property. HOC addresses are as 

follows: 

Atlanta HOC: U.S. Dept. of HUD, 

Atlanta Homeownership Center, 40 

Marietta Street, Atlanta, GA 30303– 

2806. 

Denver HOC: U.S. Dept. of HUD, 

Denver Homeownership Center, 

Program Support Division—21st Floor, 

1670 Broadway, Denver, CO 80202– 

4801. 

Philadelphia HOC: U.S. Dept. of HUD, 

Philadelphia Homeownership Center, 

The Wanamaker Building, 100 Penn 

Square East, Philadelphia, PA 19107– 

3389. 

Santa Ana HOC: U.S. Dept. of HUD, 

Santa Ana Homeownership Center, 160 

N. Stone Avenue, Tucson, AZ 85701. 

C. How To Contact an Asset Manager 

(AM) Vendor 

Listing Brokers who wish to 

participate in the M&M III program must 

contact an AM vendor responsible for 

the geographic areas where they want to 

list properties. A list of all AM vendors 

and the geographic areas for which they 

are responsible can be found at: 

http://www.hud.gov/offices/hsg/sfh/reo/ 

reohome.cfm. 

II. Paperwork Reduction Act Statement 

The information collection 

requirements contained in this 

document are pending the approval by 

the Office of Management and Budget 

(OMB) in accordance with the 

WReier-Aviles on DSKGBLS3C1PROD with NOTICES