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Housing Finance Agency Risk-Sharing Program

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.

60-Day Notice of Proposed Information Collection: Housing Finance Agency Risk-Sharing Program

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.

A. Overview of Information Collection
Title of Information Collection: Housing Finance Agency Risk-Sharing Program.
OMB Approval Number: 2502-0500.
OMB Expiration Date: 4/30/2020.
Type of Request: Revision of a currently approved collection.
Form Numbers: HUD-94192, HUD-94193, HUD-94194, HUD-94195, HUD-94196.

Description of the need for the information and proposed use: Section 542 of the Housing and Community Development Act of 1992 directs the Secretary to implement risk sharing with State and local housing finance agencies (HFAs). Under this program, HUD provides full mortgage insurance on multifamily housing projects whose loans are underwritten, processed, and serviced by HFAs. The HFAs will reimburse HUD a certain percentage of any loss under an insured loan depending upon the level of risk the HFA contracts to assume.

To view the full notice in the Federal Register, click here.

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