73040 Federal Register / Vol. 88, No. 204 / Tuesday, October 24, 2023 / Notices 

Personal Identity Verification 

Management System and Department 

policy to request a DHS Personal 

Identity Verification Official (PIV–O) 

credential, and if applicable, a shield 

(i.e., metallic law enforcement or nonlaw enforcement badge) to accompany 

the credential. A DHS PIV–O credential 

describes authorities delegated to 

specific DHS employees, contractors, 

and affiliates who interact with the 

public or federal, state, local, or tribal 

entities to perform authorized official 

functions pursuant to law, statute, 

regulation, or DHS Directive. 

The collection of information is 

obtained from (or on behalf of) the 

respondent, who may be a current or 

prospective DHS contractor (i.e., 

member of the public). The information 

is collected electronically using a 

fillable PDF form submitted to the 

respective DHS credentialing office. The 

respondent is responsible for only 

completing Sections 1, 2, and 3 of DHS 

Form 11000–16; the remaining sections 

of the form (Sections 4, 5, and 6) are 

completed by DHS federal employees. 

Qualified personnel within the DHS 

credentialing office holding a requisite 

role in the Identity and Credential 

System(s) of Record use the collected 

information to adjudicate the action 

requested in Section 1 of the DHS Form 

11000–16, and as necessary, enroll, 

identify, and retrieve the applicant’s 

record in the DHS Identity and 

Credential System(s) of Record. 

The collection of information is 

obtained from the respondent 

electronically using a fillable PDF form: 

upon completion, the form is submitted 

to the respective DHS Component 

credentialing office in accordance with 

internal procedures. 

This information collection does not 

have an impact on small businesses or 

other small entities. 

Collection of the information on DHS 

Form 11000–16 is voluntary; however, 

failure to provide the information 

requested may prevent the respondent 

(i.e., applicant) from receiving the 

requested DHS PIV–O credential and/or 

shield. 

There is no assurance of 

confidentiality provided to the 

respondents. Consistent with DHS’s 

information sharing mission, this 

information collection may be shared 

with Federal, state, local, tribal, foreign 

or international government agencies, 

including other DHS Components and 

offices. This sharing will only take place 

after DHS determines that the receiving 

entity has a need to know the 

information to carry out national 

security, law enforcement, immigration, 

intelligence, or other functions 

consistent with the routine uses set 

forth in Privacy Impact Assessment, 

DHS/ALL/PIA–014 Personal Identity 

Verification/Identity Management 

System (PIV/IDMS) and System of 

Records Notice, DHS/ALL–026 

Department of Homeland Security 

Personal Identity Verification 

Management System. 

This is a new collection. 

The Office of Management and Budget 

is particularly interested in comments 

which: 

5. 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; 

6. Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

7. Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

8. Minimize the burden of the 

collection of information on those who 

are to respond, including through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submissions 

of responses. 

Analysis 

Agency: Department of Homeland 

Security (DHS). 

Title: Personal Identity Verification 

Official (PIV–O) Credential and Shield 

Request. 

OMB Number: 1601–NEW. 

Frequency: Annually. 

Affected Public: Individuals or 

Households. 

Number of Respondents: 1,500. 

Estimated Time per Respondent: 15 

mins. 

Total Burden Hours: 375 hrs. 

Robert Porter Dorr, 

Executive Director, Business Management 

Directorate. 

[FR Doc. 2023–23405 Filed 10–23–23; 8:45 am] 

BILLING CODE 9112–FL–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–6382–N–01] 

Federal Housing Administration (FHA): 

Home Equity Conversion Mortgage 

(HECM) HECM for Purchase— 

Acceptable Monetary Investment 

Funding Sources and Interested Party 

Contributions 

AGENCY: Office of the Assistant 

Secretary for Housing—Federal Housing 

Commissioner, Department of Housing 

and Urban Development (HUD). 

ACTION: Notice. 

SUMMARY: This notice serves to inform 

members of the public and affected 

program participants of changes to the 

Federal Housing Administration’s 

(FHA) Home Equity Conversion 

Mortgage (HECM) for Purchase program 

that HUD intends to make in a future 

update to HUD’s Single Family Housing 

Policy Handbook. Pursuant to the FHA 

Commissioner’s (‘‘Commissioner’’) 

regulatory authority, FHA will expand 

the list of acceptable funding sources 

used to satisfy the borrower’s monetary 

investment requirement and will permit 

additional interested party 

contributions. This notice also informs 

the public that FHA will remove 

existing restrictions that prohibit the 

borrower from accepting cash from a 

seller or another person or entity that 

financially benefits from the HECM for 

Purchase transaction. This notice seeks 

public comment on these changes. 

DATES: Comment Due Date: November 

24, 2023. 

FOR FURTHER INFORMATION CONTACT: 

Mary Jo Sullivan, Acting Director, Office 

of Single Family Program Development, 

Office of Housing, Department of 

Housing and Urban Development, 451 

7th Street SW, Room 9266, Washington, 

DC 20410–9000, telephone number 202– 

402–2378 (this is not a toll-free 

number); email address sffeedback@

hud.gov. HUD welcomes and is 

prepared to receive calls from 

individuals who are deaf or hard of 

hearing, as well as individuals with 

speech or communication disabilities. 

To learn more about how to make an 

accessible telephone call, please visit: 

https://www.fcc.gov/consumers/guides/ 

telecommunications-relay-service-trs. 

SUPPLEMENTARY INFORMATION: 

I. Background: Statutory Authority, 

Regulations, and Administrative 

Guidance 

Section 2122(a)(9) of the Housing and 

Economic Recovery Act of 2008 (HERA) 

amended Section 255 of the National 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 88, No. 204 / Tuesday, October 24, 2023 / Notices 73041 

1 ‘‘Interested Parties’’ refer to sellers, real estate 

agents, builders, developers, Mortgagees, ThirdParty Originators, or other parties with an interest 

in the transaction. 

2 ‘‘Premium Pricing’’ refers to the aggregate 

credits from a mortgagee or third-party originator at 

the interest rate chosen. 

3 24 CFR 206.44(c)(1) permits interested party 

contributions that are defined as fees required to be 

paid by a seller under state or local law, fees 

customarily paid by a seller in the subject property 

locality, or the purchase of the Home Warranty 

policy by the seller. 

Housing Act to authorize the 

Department of Housing and Urban 

Development (HUD) to insure HECMs 

used for the purchase of a 1- to 4-family 

dwelling unit, one unit of which will 

serve as the borrower’s principal 

residence. In 2008, based on the 

authority in section 255, FHA 

implemented the HECM for Purchase 

program through Mortgagee Letter (ML) 

2008–33, permitting mortgagees to 

originate HECM for Purchase 

transactions. ML 2008–33 was 

superseded by Mortgage Letter 2009–11, 

which required borrowers to satisfy a 

monetary investment using cash on 

hand or cash from the sale or 

liquidation of the mortgagor’s assets, or 

certain additional funding sources 

defined in HUD Handbook 4155.1 REV– 

5, section 2–10. 

FHA through ML 2009–11, however, 

prohibited certain funding sources for 

the borrower’s required monetary 

investment. Specifically, borrowers 

were prohibited from satisfying the 

monetary investment requirement using 

sweat equity, trade equity, rent credit, or 

cash or its equivalent, in whole or in 

part, received from the seller or any 

other person or entity that financially 

benefits from the HECM for Purchase 

transaction, or any third party or entity 

that is reimbursed, directly or 

indirectly, by the seller or any other 

person or entity that financially benefits 

from the HECM for Purchase 

transaction. Additionally, ML 2009–11 

prohibited seller contributions, also 

known as seller concessions, in any 

HECM for Purchase transaction. Seller 

concessions were defined as the use of 

loan discount points, interest rate buydowns, closing cost down payment 

assistance, builder incentives, gifts or 

personal property given by the seller, or 

any other party involved in the 

transaction. These limitations on 

funding sources and interested party 

contributions redirected expenses 

customarily paid by the seller or other 

interested parties to the HECM for 

Purchase borrower. 

On January 19, 2017, FHA codified 

the requirements for the HECM for 

Purchase program, and other program 

changes, in the ‘‘Federal Housing 

Administration (FHA): Strengthening 

the Home Equity Conversion Mortgage 

Program’’ Final Rule (82 FR 7094) (‘‘the 

final rule’’) amending 24 CFR part 206. 

The final rule changed the funding 

source restrictions from ML 2009–11, to 

permit interested party contributions to 

pay fees required to be paid by the seller 

under state or local law, for fees that are 

customarily paid by a seller in the 

locality of the subject property, and for 

purchase of the Home Warranty policy 

by the seller (24 CFR 206.44(c)(1)). 

FHA also codified three permitted 

funding sources for the borrower’s 

required monetary investment: cash on 

hand, cash from the sale or liquidation 

of the borrower’s assets, and HECM 

proceeds. The final rule codified 

regulatory provisions that grant the 

Commissioner the authority to permit 

additional funding sources and 

interested party contributions through 

future notice in the Federal Register, 24 

CFR 206.44(b)(4) and (c)(2), 

respectively. Based on the foregoing 

regulatory authority, FHA is issuing this 

notice to permit additional funding 

sources and interested party 

contributions in HECM for Purchase 

transactions. 

II. This Notice 

HECM for Purchase requires 

Borrowers to contribute substantial 

liquid assets to meet the negotiated 

contract sales price for the property plus 

standard origination fees and charges. 

By expanding the list of permitted 

interested party contributions, FHA is 

more closely aligning its HECM 

interested party contribution policies 

with FHA’s forward mortgage programs, 

while meaningfully increasing the 

sources of funds available for HECM 

borrowers to satisfy their capital 

requirements to originate a HECM for 

Purchase. 

For example, a borrower purchasing a 

property in the state of Arizona with a 

HECM for Purchase, where: 

• Contract sales price is $491,974.00; 

• Borrower’s Closing Costs are 

$20,300.00; 

• Appraised Value is $492,000.00; 

and 

• Principal Limit is $189, 902.00 

(maximum proceeds available to 

borrower from the HECM). 

Under current policy, the total 

amount of cash due from the borrower 

at closing to complete this transaction is 

$322,372 ($491,974 plus $20,300 minus 

$189,902). Under the proposed notice, 

interested parties could contribute up to 

6 percent of the sales price, or 

$29,518.44, toward the borrower’s 

monetary requirements, reducing the 

total amount due from the borrower at 

closing from $322,372 to $292,853.56. 

Therefore, pursuant to the 

Commissioner’s authority under 24 CFR 

206.44(b)(4) and 206.44(c)(2), HUD is, 

through this notice, informing the 

public and program participants of 

changes to the FHA’s HECM program, 

which HUD intends to make effective in 

a future update to HUD’s Single Family 

Housing Policy Handbook. 

For the HECM for Purchase program, 

FHA will permit the use of an 

‘‘interested party contribution,’’ up to 

six percent of the sales price. 

‘‘Interested party contribution’’ will be 

defined as a payment by an interested 

party 1 or combination of parties, toward 

the borrower’s origination fees, other 

closing costs including any items paid 

outside of closing, prepaid items, and 

discount points. The six percent limit 

may be applied towards but may not 

exceed the cost of: origination fees; 

other closing costs paid outside of 

closing, such as a credit report and 

appraisal; prepaid items; discount 

points; interested party payment for 

permanent and temporary interest rate 

buydowns; and payment of the initial 

mortgage insurance premium. 

Through this notice, FHA will permit 

additional funding sources that may be 

used to satisfy the borrower’s monetary 

investment including premium 

pricing; 2 gifts; disaster relief grants; and 

employer assistance. These permitted 

sources are in addition to cash on hand, 

cash from the sale or liquidation of the 

borrower’s assets, and HECM proceeds 

that are already permitted by regulation. 

Premium pricing credits from the 

mortgagee or third-party originator will 

be excluded from the six percent 

interested party contribution limit, 

provided the mortgagee or third-party 

originator is not the seller, real estate 

agent, builder, or developer. Fees 

required to be paid by a seller under 

state or local law or customarily paid by 

a seller in the subject property locality, 

including real estate agent commissions 

or fees, and the purchase of the Home 

Warranty policy by the seller are already 

permitted under § 206.44(c)(1) 3 and will 

be excluded from the six percent 

interested party contribution limit. 

Further, as with FHA’s policy for 

forward-mortgages, FHA will exclude 

the satisfaction of a Property Assessed 

Clean Energy (‘‘PACE’’) lien or 

obligation against the property by the 

property seller from the definition of an 

interested party contribution in the 

HECM for Purchase program. 

This document seeks comment from 

interested members of the public on this 

document generally, and on the issues 


ddrumheller on DSK120RN23PROD with NOTICES1
73042 Federal Register / Vol. 88, No. 204 / Tuesday, October 24, 2023 / Notices 

discussed previously in this notice. 

HUD will carefully consider the public 

comments received through this 

solicitation as part of a future policy 

update. 

Julia R. Gordon, 

Assistant Secretary for Housing—Federal 

Housing Commissioner. 

[FR Doc. 2023–23429 Filed 10–23–23; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF THE INTERIOR 

Bureau of Ocean Energy Management 

[OMB Control Number 1010–0191; Docket 

ID: BOEM–2023–0004] 

Agency Information Collection 

Activities; Negotiated Noncompetitive 

Agreement for the Use of Sand, Gravel, 

and/or Shell Resources on the Outer 

Continental Shelf 

AGENCY: Bureau of Ocean Energy 

Management, Interior. 

ACTION: Notice of information collection; 

request for comment. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995, the 

Bureau of Ocean Energy Management 

(BOEM) proposes this information 

collection request (ICR) to renew Office 

of Management and Budget (OMB) 

control number 1010–0191. 

DATES: Comments must be received by 

the OMB desk officer no later than 

November 24, 2023. 

ADDRESSES: Submit your written 

comments on this ICR to the OMB desk 

officer for the Department of the Interior 

at www.reginfo.gov/public/do/PRAMain. 

From the www.reginfo.gov/public/do/ 

PRAMain landing page, find this 

information collection by selecting 

‘‘Currently under Review—Open for 

Public Comments’’ or by using the 

search function. Please provide a copy 

of your comments by parcel delivery 

service or U.S. mail to the BOEM 

Information Collection Clearance 

Officer, Anna Atkinson, Bureau of 

Ocean Energy Management, 45600 

Woodland Road, Sterling, Virginia 

20166; or by email to anna.atkinson@

boem.gov. Please reference OMB control 

number 1010–0191 in the subject line of 

your comments. You may also comment 

by searching the docket number 

‘‘BOEM–2023–0004’’ at 

www.regulations.gov. 

FOR FURTHER INFORMATION CONTACT: 

Anna Atkinson by email at 

anna.atkinson@boem.gov, or by 

telephone at 703–787–1025. Individuals 

in the United States who are deaf, 

deafblind, hard of hearing, or have a 

speech disability may dial 711 (TTY, 

TDD, or TeleBraille) to access 

telecommunications relay services. 

Individuals outside of the United States 

should use the relay services offered 

within their country to make 

international calls to the point-ofcontact in the United States. 

SUPPLEMENTARY INFORMATION: In 

accordance with the Paperwork 

Reduction Act of 1995, BOEM provides 

the general public and other Federal 

agencies with an opportunity to 

comment on new, proposed, revised, 

and continuing collections of 

information. This helps BOEM assess 

the impact of its information collection 

requirements and minimize the public’s 

reporting burden. It also helps the 

public understand BOEM’s information 

collection requirements and provide the 

requested data in the desired format. 

Title of Collection: ‘‘30 CFR part 583, 

Negotiated Noncompetitive Agreements 

for the Use of Outer Continental Shelf 

Sand, Gravel, and/or Shell Resources.’’ 

Abstract: Part 583 in title 30 of the 

Code of Federal Regulations addresses 

the use of Outer Continental Shelf (OCS) 

sand, gravel, and shell resources for 

shore protection, beach restoration, or 

coastal wetlands restoration projects 

undertaken by Federal, State, or local 

government agencies, or for use in 

construction projects authorized by or 

funded in whole or in part by the 

Federal Government. 

The OCS Lands Act, 43 U.S.C. 1331 

et seq., authorizes the Secretary of the 

Interior to prescribe rules and 

regulations to administer leasing of 

mineral resources on the OCS. Section 

1337(k)(2) of title 43 authorizes the 

Secretary to ‘‘. . . negotiate with any 

person an agreement for the use of Outer 

Continental Shelf sand, gravel and shell 

resources—(i) for use in a program of, or 

project for, shore protection, beach 

restoration, or coastal wetlands 

restoration undertaken by a Federal, 

State, or local government agency; or (ii) 

for use in a construction project . . . 

that is funded in whole or in part by or 

authorized by the Federal Government.’’ 

The Secretary delegated this authority to 

BOEM. 

This ICR allows BOEM to collect 

information from an applicant 

requesting a non-competitive, 

negotiated agreement. This information 

is used to determine if the applicant is 

qualified to enter into such an 

agreement and to determine if the 

requested action is warranted. 

OMB Control Number: 1010–0191. 

Form Number: None. 

Type of Review: Extension of a 

currently approved collection. 

Respondents/Affected Public: 

Potential respondents include Federal, 

State, or local governments. 

Total Estimated Number of Annual 

Responses: 45 responses. 

Total Estimated Number of Annual 

Burden Hours: 299 hours (Hours are 

same as currently approved). 

Respondent’s Obligation: Required to 

retain or obtain a benefit. 

Frequency of Collection: On occasion. 

Total Estimated Annual Non-hour 

Burden Cost: BOEM has identified no 

non-hour paperwork cost burdens for 

this collection. 

A Federal Register notice with a 60- 

day public comment period on the 

proposed ICR was published on May 26, 

2023 (88 FR 34182). BOEM did not 

receive any comments. 

BOEM is again soliciting comments 

on the proposed ICR. BOEM is 

especially interested in public 

comments addressing the following 

issues: (1) is the collection necessary to 

the proper functions of BOEM; (2) what 

can BOEM do to ensure that this 

information is processed and used in a 

timely manner; (3) is the burden 

estimate accurate; (4) how might BOEM 

enhance the quality, utility, and clarity 

of the information to be collected; and 

(5) how might BOEM minimize the 

burden of this collection on the 

respondents, including minimizing the 

burden through the use of information 

technology? 

Comments submitted in response to 

this notice are a matter of public record 

and will be available for public review 

on www.reginfo.gov. You should be 

aware that your entire comment— 

including your address, phone number, 

email address, or other personally 

identifiable information included in 

your comment—may be made publicly 

available at any time. In order for BOEM 

to consider withholding from disclosure 

your personal identifying information, 

you must identify, in a cover letter, any 

information contained in your comment 

that, if released, would constitute a 

clearly unwarranted invasion of your 

personal privacy. You must also briefly 

describe any possible harmful 

consequences of the disclosure of 

information, such as embarrassment, 

injury, or other harm. Note that BOEM 

will make available for public 

inspection all comments in their 

entirety (except for proprietary 

information submitted by organizations 

and businesses, or by individuals 

identifying themselves as 

representatives of organizations or 

businesses). 

Even if BOEM withholds your 

information in the context of this ICR, 

your comment is subject to the Freedom 


ddrumheller on DSK120RN23PROD with NOTICES1