82 FR 19075 - Notice of HUD-Held Multifamily and Healthcare Loan Sale (MHLS 2017-1)

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 82, Issue 78 (April 25, 2017)

Page Range		19075-19076
FR Document		2017-08411

This notice announces HUD's intention to sell two unsubsidized multifamily and eight unsubsidized healthcare mortgage loans, without Federal Housing Administration (FHA) insurance, in a competitive, sealed bid sale on or about April 26, 2017 (MHLS 2017-1 or Loan Sale). This notice also describes generally the bidding process for the sale and certain persons who are ineligible to bid.

Federal Register, Volume 82 Issue 78 (Tuesday, April 25, 2017)

[Federal Register Volume 82, Number 78 (Tuesday, April 25, 2017)]
[Notices]
[Pages 19075-19076]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-08411]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6034-N-01]


Notice of HUD-Held Multifamily and Healthcare Loan Sale (MHLS 
2017-1)

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice of sale of two multifamily and eight healthcare mortgage 
loans.

-----------------------------------------------------------------------

SUMMARY: This notice announces HUD's intention to sell two unsubsidized 
multifamily and eight unsubsidized healthcare mortgage loans, without 
Federal Housing Administration (FHA) insurance, in a competitive, 
sealed bid sale on or about April 26, 2017 (MHLS 2017-1 or Loan Sale). 
This notice also describes generally the bidding process for the sale 
and certain persons who are ineligible to bid.

DATES: A Bidder's Information Package (BIP) was made available on or 
about March 29, 2017. Bids for the loans must be submitted on the bid 
date, which is currently scheduled for April 26, 2017 between certain 
specified hours. HUD anticipates that an award or awards will be made 
on or before May 1, 2017. Closing is expected to take place between May 
4 and May 8, 2017.

ADDRESSES: To become a qualified bidder and receive the BIP, 
prospective bidders must complete, execute, and submit a 
Confidentiality Agreement and a Qualification Statement acceptable to 
HUD. Both documents will be available on the HUD Web site at 
www.hud.gov/fhaloansales. Please fax or email as well as mail executed 
original documents to JS Watkins Realty Partners, LLC:
    JS Watkins Realty Partners, LLC, c/o The Debt Exchange, 33 Federal 
Street, 10th Floor, Boston, MA 02111, Attention: MHLS 2017-1 Sale 
Coordinator, Fax: 1-978-967-8607, Email: [email protected].

FOR FURTHER INFORMATION CONTACT: John Lucey, Director, Asset Sales 
Office, Room 3136, U.S. Department of Housing and Urban Development, 
451 Seventh Street SW., Washington, DC 20410-8000; telephone 202-402-
3927. Hearing- or speech-impaired individuals may call 202-708-4594 
(TTY). These are not toll-free numbers.

SUPPLEMENTARY INFORMATION: HUD announces its intention to sell, in MHLS 
2017-1, ten (10) unsubsidized mortgage loans (Mortgage Loans) 
consisting of seven first lien healthcare notes and one associated 2nd 
lien healthcare note secured by six assisted living facilities located 
in various locations within the U.S. mainland and one assisted living 
facility in St. Thomas, U.S. Virgin Islands. Additionally, HUD intends 
to sell in MHLS 2017-1 two first lien multifamily notes secured by two 
multifamily properties located in Fayetteville, North Carolina and 
Willimantic, Connecticut. The Mortgage Loans are non-performing 
mortgage loans. The listing of the Mortgage Loans is included in the 
BIP. The Mortgage Loans will be sold without FHA insurance and with HUD 
servicing released. HUD will offer qualified bidders an opportunity to 
bid competitively on the Mortgage Loans.
    The Mortgage Loans will be stratified for bidding purposes into 
several mortgage loan pools. Each pool will contain Mortgage Loans that 
generally have similar performance, property type, geographic location, 
lien position and other characteristics. Qualified bidders may submit 
bids on one or more pools of Mortgage Loans or may bid on individual 
loans.
    The Qualification Statement describes the entities/individuals that 
may be qualified to bid on the Mortgage Loans if they meet certain 
requirements as detailed in the Qualification Statement. Some entities/
individuals must meet additional requirements in order to be qualified 
to bid, including but not limited to:
    Any mortgagee/servicer who originated one or more of the Mortgage 
Loans; a mortgagor or an operator, with respect to any HUD insured or 
subsidized mortgage loan (excluding the Mortgage Loans being offered in 
the Loan Sale) who is currently in default, violation, or noncompliance 
with one or more of HUD's requirements or business agreements; a 
limited partner, nonmanaging member, investor and/or shareholder who 
owns a 1% or less interest in one or more of the Mortgage Loans, or in 
the project securing one or more of the Mortgage Loans; and any of the 
aforementioned entities'/individuals' principals, affiliates, family 
members, and assigns.
    Interested entities/individuals who fall into one of these 
categories should review the Qualification Statement to determine 
whether they may be eligible to qualify to submit a bid on the Mortgage 
Loans. Other entities/individuals not described herein may also be 
restricted from bidding on the Mortgage Loans, as fully detailed in the 
Qualification Statement.

The Bidding Process

    The BIP describes in detail the procedure for bidding in MHLS 2017-
1. The BIP also includes a standardized non-negotiable loan sale 
agreement (Loan Sale Agreement).
    As part of its bid, each bidder must submit a minimum deposit of 
the greater of One Hundred Thousand Dollars ($100,000) or ten percent 
(10%) of the aggregate bid prices for all of such Bidder's bids. In the 
event the Bidder's aggregate bid is less than One Hundred Thousand 
Dollars ($100,000), the minimum deposit shall be not less than fifty 
percent (50%) of the Bidder's aggregate bid. HUD will evaluate the bids 
submitted and determine the successful bid(s) in its sole and absolute 
discretion. If a bidder is successful, the bidder's deposit will be 
non-refundable and will be applied toward the purchase price, with any 
amount beyond the purchase price being returned to the bidder. Deposits 
will be returned to

[[Page 19076]]

unsuccessful bidders after notifiction to sucessful bidders on or 
before May 1, 2017. Closings are expected to take place between May 4, 
2017 and May 8, 2017.
    These are the essential terms of sale. The Loan Sale Agreement, 
which is included in the BIP, contains additional terms and details. To 
ensure a competitive bidding process, the terms of the bidding process 
and the Loan Sale Agreement are not subject to negotiation.

Due Diligence Review

    The BIP describes the due diligence process for reviewing loan 
files in MHLS 2017-1. Qualified bidders will be able to access loan 
information remotely via a high-speed Internet connection. Further 
information on performing due diligence review of the Mortgage Loans is 
provided in the BIP.

Mortgage Loan Sale Policy

    HUD reserves the right to add Mortgage Loans to or delete Mortgage 
Loans from MHLS 2017-1 at any time prior to the Award Date. HUD also 
reserves the right to reject any and all bids, in whole or in part, 
without prejudice to HUD's right to include the Mortgage Loans in a 
later sale. The Mortgage Loans will not be withdrawn after the award 
date except as is specifically provided for in the Loan Sale Agreement.
    This is a sale of unsubsidized mortgage loans, pursuant to Section 
204(a) of the Departments of Veterans Affairs and Housing and Urban 
Development, and Independent Agencies Appropriations Act of 1997 (12 
U.S.C. 1715z-11a(a)).

Mortgage Loan Sale Procedure

    HUD selected a competitive sale as the method to sell the Mortgage 
Loan. This method of sale optimizes HUD's return on the sale of these 
Mortgage Loans, affords the greatest opportunity for all qualified 
bidders to bid on the Mortgage Loans, and provides the most efficient 
vehicle for HUD to dispose of the Mortgage Loans.

Bidder Eligibility

    In order to bid in the sale, a prospective bidder must complete, 
execute and submit both a Confidentiality Agreement and a Qualification 
Statement acceptable to HUD. The following individuals and entities are 
among those ineligible to bid on the Mortgage Loans being sold in MHLS 
2017-1:
    1. A mortgagor or operator with respect to one or more of the 
Mortgage Loans being offered in the Loan Sale, or an Active Shareholder 
(as such term is defined in the Qualification Statement);
    2. Any individual or entity, and any Related Party (as such term is 
defined in the Qualification Statement) of such individual or entity, 
that is a mortgagor or operator with respect to any of HUD's 
multifamily and/or healthcare programs (excluding the Mortgage Loans 
being offered in the Loan Sale) and that has failed to file financial 
statements or is otherwise in default under such mortgage loan or is in 
violation or noncompliance of any regulatory or business agreements 
with HUD and fails to cure such default or violation by no later than 
April 12, 2017;
    3. Any individual or entity that is debarred, suspended, or 
excluded from doing business with HUD pursuant to Title 2 of the Code 
of Federal Regulations, Part 2424;
    4. Any contractor, subcontractor and/or consultant or advisor 
(including any agent, employee, partner, director, principal or 
affiliate of any of the foregoing) who performed services for, or on 
behalf of, HUD in connection with MHLS 2017-1;
    5. Any employee of HUD, a member of such employee's family, or an 
entity owned or controlled by any such employee or member of such an 
employee's family;
    6. Any individual or entity that uses the services, directly or 
indirectly, of any person or entity ineligible under provisions (3) 
through (5) above to assist in preparing its bid on any Mortgage Loan;
    7. An FHA-approved mortgagee, including any principals, affiliates, 
or assigns thereof, that has received FHA insurance benefits for one or 
more of the Mortgage Loans being offered in the Loan Sale;
    8. An FHA-approved mortgagee and/or loan servicer, including any 
principals, affiliates, or assigns thereof, that originated one or more 
of the Mortgage Loans being offered in the Loan Sale if the Mortgage 
Loan defaulted within two years of origination and resulted in the 
payment of an FHA insurance claim;
    9. Any affiliate, principal or employee of any person or entity 
that, within the two-year period prior to April 1, 2017, serviced any 
Mortgage Loan or performed other services for or on behalf of HUD;
    10. Any contractor or subcontractor to HUD that otherwise had 
access to information concerning any Mortgage Loan on behalf of HUD or 
provided services to any person or entity which, within the two-year 
period prior to April 1, 2017, had access to information with respect 
to the Mortgage Loan on behalf of HUD; and/or
    11. Any employee, officer, director or any other person that 
provides or will provide services to the prospective bidder with 
respect to the Mortgage Loans during any warranty period established 
for the Loan Sale, that serviced the Mortgage Loans or performed other 
services for or on behalf of HUD or within the two-year period prior to 
April 1, 2017, provided services to any person or entity which 
serviced, performed services or otherwise had access to information 
with respect to any Mortgage Loan for or on behalf of HUD.
    Other entities/individuals not described herein may also be 
restricted from bidding on the Mortgage Loans, as fully detailed in the 
Qualification Statement.
    The Qualification Statement provides further details pertaining to 
eligibility requirements. Prospective bidders should carefully review 
the Qualification Statement to determine whether they are eligible to 
submit bids on the Mortgage Loans in MHLS 2017-1.

Freedom of Information Act Requests

    HUD reserves the right, in its sole and absolute discretion, to 
disclose information regarding MHLS 2017-1, including, but not limited 
to, the identity of any successful bidder and its bid price or bid 
percentage for the Mortgage Loans, upon the closing of the sale of the 
Mortgage Loans. Even if HUD elects not to publicly disclose any 
information relating to MHLS 2017-1, HUD will have the right to 
disclose any information that HUD is obligated to disclose pursuant to 
the Freedom of Information Act and all regulations promulgated 
thereunder.

Scope of Notice

    This notice applies to MHLS 2017-1 and does not establish HUD's 
policy for the sale of other mortgage loans.

    Dated: April 19, 2017.
Genger Charles,
General Deputy Assistant Secretary for Housing.
[FR Doc. 2017-08411 Filed 4-21-17; 11:15 am]
BILLING CODE 4210-67-P

Federal Register / Vol. 82, No. 78 / Tuesday, April 25, 2017 / Notices 19075

in accordance with 35 U.S.C. 209 and 37 sale on or about April 26, 2017 (MHLS have similar performance, property
CFR part 404, as well as for further 2017–1 or Loan Sale). This notice also type, geographic location, lien position
development and evaluation under a describes generally the bidding process and other characteristics. Qualified
research collaboration. for the sale and certain persons who are bidders may submit bids on one or more
ineligible to bid. pools of Mortgage Loans or may bid on
Potential Commercial Applications individual loans.
DATES: A Bidder’s Information Package
• Diagnostics (BIP) was made available on or about The Qualification Statement describes
• Vaccines March 29, 2017. Bids for the loans must the entities/individuals that may be
be submitted on the bid date, which is qualified to bid on the Mortgage Loans
Competitive Advantages
currently scheduled for April 26, 2017 if they meet certain requirements as
• One-dose vaccine between certain specified hours. HUD detailed in the Qualification Statement.
• Ease of manufacture anticipates that an award or awards will Some entities/individuals must meet
• Can be included in multivalent be made on or before May 1, 2017. additional requirements in order to be
flavivirus vaccines Closing is expected to take place qualified to bid, including but not
between May 4 and May 8, 2017. limited to:
Development Stage
ADDRESSES: To become a qualified
Any mortgagee/servicer who
• In vivo data available (animal) originated one or more of the Mortgage
bidder and receive the BIP, prospective
Inventors: S. Whitehead (NIAID), S. bidders must complete, execute, and Loans; a mortgagor or an operator, with
Woodson (NIAID), A. Pletnev (NIAID), submit a Confidentiality Agreement and respect to any HUD insured or
K. Tsetsarkin (NIAID), A. Durbin (Johns subsidized mortgage loan (excluding the
a Qualification Statement acceptable to
Hopkins University) Mortgage Loans being offered in the
HUD. Both documents will be available
Intellectual Property: HHS Reference Loan Sale) who is currently in default,
on the HUD Web site at www.hud.gov/
No. E–118–2016/0, U.S. Provisional violation, or noncompliance with one or
fhaloansales. Please fax or email as well
Patent Application Number 62/307,170, more of HUD’s requirements or business
as mail executed original documents to
filed March 11, 2016, PCT Patent agreements; a limited partner,
JS Watkins Realty Partners, LLC:
Application TBA filed March 11, 2017. JS Watkins Realty Partners, LLC, c/o nonmanaging member, investor and/or
Licensing Contact: Peter Soukas, J.D., The Debt Exchange, 33 Federal Street, shareholder who owns a 1% or less
301–594–8730; peter.soukas@nih.gov. interest in one or more of the Mortgage
10th Floor, Boston, MA 02111,
Collaborative Research Opportunity: Loans, or in the project securing one or
Attention: MHLS 2017–1 Sale
The National Institute of Allergy and more of the Mortgage Loans; and any of
Coordinator, Fax: 1–978–967–8607,
Infectious Diseases is seeking statements the aforementioned entities’/
Email: mhls2017-1@debtx.com.
of capability or interest from parties individuals’ principals, affiliates, family
FOR FURTHER INFORMATION CONTACT: John
interested in collaborative research to members, and assigns.
Lucey, Director, Asset Sales Office, Interested entities/individuals who
further develop, evaluate or Room 3136, U.S. Department of Housing
commercialize norovirus diagnostics or fall into one of these categories should
and Urban Development, 451 Seventh review the Qualification Statement to
vaccines. For collaboration Street SW., Washington, DC 20410–
opportunities, please contact Peter determine whether they may be eligible
8000; telephone 202–402–3927. to qualify to submit a bid on the
Soukas, J.D., 301–594–8730; Hearing- or speech-impaired individuals
peter.soukas@nih.gov. Mortgage Loans. Other entities/
may call 202–708–4594 (TTY). These individuals not described herein may
Dated: April 12, 2017. are not toll-free numbers. also be restricted from bidding on the
Suzanne Frisbie, SUPPLEMENTARY INFORMATION: HUD Mortgage Loans, as fully detailed in the
Deputy Director, Technology Transfer and announces its intention to sell, in MHLS Qualification Statement.
Intellectual Property Office, National Institute 2017–1, ten (10) unsubsidized mortgage
of Allergy and Infectious Diseases. loans (Mortgage Loans) consisting of The Bidding Process
[FR Doc. 2017–08350 Filed 4–24–17; 8:45 am] seven first lien healthcare notes and one The BIP describes in detail the
BILLING CODE 4140–01–P associated 2nd lien healthcare note procedure for bidding in MHLS 2017–1.
secured by six assisted living facilities The BIP also includes a standardized
located in various locations within the non-negotiable loan sale agreement
DEPARTMENT OF HOUSING AND U.S. mainland and one assisted living (Loan Sale Agreement).
URBAN DEVELOPMENT facility in St. Thomas, U.S. Virgin As part of its bid, each bidder must
Islands. Additionally, HUD intends to submit a minimum deposit of the
[Docket No. FR–6034–N–01] greater of One Hundred Thousand
sell in MHLS 2017–1 two first lien
multifamily notes secured by two Dollars ($100,000) or ten percent (10%)
Notice of HUD-Held Multifamily and
multifamily properties located in of the aggregate bid prices for all of such
Healthcare Loan Sale (MHLS 2017–1)
Fayetteville, North Carolina and Bidder’s bids. In the event the Bidder’s
AGENCY: Office of the Assistant Willimantic, Connecticut. The Mortgage aggregate bid is less than One Hundred
Secretary for Housing—Federal Housing Loans are non-performing mortgage Thousand Dollars ($100,000), the
Commissioner, HUD. loans. The listing of the Mortgage Loans minimum deposit shall be not less than
ACTION: Notice of sale of two is included in the BIP. The Mortgage fifty percent (50%) of the Bidder’s
Loans will be sold without FHA aggregate bid. HUD will evaluate the
asabaliauskas on DSK3SPTVN1PROD with NOTICES

multifamily and eight healthcare
mortgage loans. insurance and with HUD servicing bids submitted and determine the
released. HUD will offer qualified successful bid(s) in its sole and absolute
SUMMARY: This notice announces HUD’s bidders an opportunity to bid discretion. If a bidder is successful, the
intention to sell two unsubsidized competitively on the Mortgage Loans. bidder’s deposit will be non-refundable
multifamily and eight unsubsidized The Mortgage Loans will be stratified and will be applied toward the purchase
healthcare mortgage loans, without for bidding purposes into several price, with any amount beyond the
Federal Housing Administration (FHA) mortgage loan pools. Each pool will purchase price being returned to the
insurance, in a competitive, sealed bid contain Mortgage Loans that generally bidder. Deposits will be returned to

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19076 Federal Register / Vol. 82, No. 78 / Tuesday, April 25, 2017 / Notices

unsuccessful bidders after notifiction to an Active Shareholder (as such term is with respect to the Mortgage Loan on
sucessful bidders on or before May 1, defined in the Qualification Statement); behalf of HUD; and/or
2017. Closings are expected to take 2. Any individual or entity, and any 11. Any employee, officer, director or
place between May 4, 2017 and May 8, Related Party (as such term is defined in any other person that provides or will
2017. the Qualification Statement) of such provide services to the prospective
These are the essential terms of sale. individual or entity, that is a mortgagor bidder with respect to the Mortgage
The Loan Sale Agreement, which is or operator with respect to any of HUD’s
included in the BIP, contains additional Loans during any warranty period
multifamily and/or healthcare programs
terms and details. To ensure a established for the Loan Sale, that
(excluding the Mortgage Loans being
competitive bidding process, the terms offered in the Loan Sale) and that has serviced the Mortgage Loans or
of the bidding process and the Loan Sale failed to file financial statements or is performed other services for or on
Agreement are not subject to otherwise in default under such behalf of HUD or within the two-year
negotiation. mortgage loan or is in violation or period prior to April 1, 2017, provided
noncompliance of any regulatory or services to any person or entity which
Due Diligence Review serviced, performed services or
business agreements with HUD and fails
The BIP describes the due diligence to cure such default or violation by no otherwise had access to information
process for reviewing loan files in later than April 12, 2017; with respect to any Mortgage Loan for
MHLS 2017–1. Qualified bidders will be 3. Any individual or entity that is or on behalf of HUD.
able to access loan information remotely debarred, suspended, or excluded from Other entities/individuals not
via a high-speed Internet connection. doing business with HUD pursuant to described herein may also be restricted
Further information on performing due Title 2 of the Code of Federal from bidding on the Mortgage Loans, as
diligence review of the Mortgage Loans Regulations, Part 2424;
is provided in the BIP. fully detailed in the Qualification
4. Any contractor, subcontractor and/ Statement.
Mortgage Loan Sale Policy or consultant or advisor (including any
agent, employee, partner, director, The Qualification Statement provides
HUD reserves the right to add further details pertaining to eligibility
principal or affiliate of any of the
Mortgage Loans to or delete Mortgage requirements. Prospective bidders
foregoing) who performed services for,
Loans from MHLS 2017–1 at any time should carefully review the
or on behalf of, HUD in connection with
prior to the Award Date. HUD also Qualification Statement to determine
MHLS 2017–1;
reserves the right to reject any and all whether they are eligible to submit bids
5. Any employee of HUD, a member
bids, in whole or in part, without on the Mortgage Loans in MHLS 2017–
of such employee’s family, or an entity
prejudice to HUD’s right to include the 1.
owned or controlled by any such
Mortgage Loans in a later sale. The
employee or member of such an
Mortgage Loans will not be withdrawn Freedom of Information Act Requests
employee’s family;
after the award date except as is
6. Any individual or entity that uses HUD reserves the right, in its sole and
specifically provided for in the Loan
the services, directly or indirectly, of absolute discretion, to disclose
Sale Agreement.
This is a sale of unsubsidized any person or entity ineligible under information regarding MHLS 2017–1,
mortgage loans, pursuant to Section provisions (3) through (5) above to assist including, but not limited to, the
204(a) of the Departments of Veterans in preparing its bid on any Mortgage identity of any successful bidder and its
Affairs and Housing and Urban Loan; bid price or bid percentage for the
Development, and Independent 7. An FHA-approved mortgagee, Mortgage Loans, upon the closing of the
Agencies Appropriations Act of 1997 including any principals, affiliates, or sale of the Mortgage Loans. Even if HUD
(12 U.S.C. 1715z–11a(a)). assigns thereof, that has received FHA
elects not to publicly disclose any
insurance benefits for one or more of the
Mortgage Loan Sale Procedure information relating to MHLS 2017–1,
Mortgage Loans being offered in the
Loan Sale; HUD will have the right to disclose any
HUD selected a competitive sale as information that HUD is obligated to
the method to sell the Mortgage Loan. 8. An FHA-approved mortgagee and/
or loan servicer, including any disclose pursuant to the Freedom of
This method of sale optimizes HUD’s Information Act and all regulations
return on the sale of these Mortgage principals, affiliates, or assigns thereof,
that originated one or more of the promulgated thereunder.
Loans, affords the greatest opportunity
for all qualified bidders to bid on the Mortgage Loans being offered in the Scope of Notice
Mortgage Loans, and provides the most Loan Sale if the Mortgage Loan
efficient vehicle for HUD to dispose of defaulted within two years of This notice applies to MHLS 2017–1
the Mortgage Loans. origination and resulted in the payment and does not establish HUD’s policy for
of an FHA insurance claim; the sale of other mortgage loans.
Bidder Eligibility 9. Any affiliate, principal or employee
Dated: April 19, 2017.
In order to bid in the sale, a of any person or entity that, within the
two-year period prior to April 1, 2017, Genger Charles,
prospective bidder must complete,
execute and submit both a serviced any Mortgage Loan or General Deputy Assistant Secretary for
Confidentiality Agreement and a performed other services for or on Housing.
asabaliauskas on DSK3SPTVN1PROD with NOTICES

Qualification Statement acceptable to behalf of HUD; [FR Doc. 2017–08411 Filed 4–21–17; 11:15 am]
HUD. The following individuals and 10. Any contractor or subcontractor to BILLING CODE 4210–67–P
entities are among those ineligible to bid HUD that otherwise had access to
on the Mortgage Loans being sold in information concerning any Mortgage
MHLS 2017–1: Loan on behalf of HUD or provided
1. A mortgagor or operator with services to any person or entity which,
respect to one or more of the Mortgage within the two-year period prior to
Loans being offered in the Loan Sale, or April 1, 2017, had access to information

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Document Created: 2017-04-25 02:18:26
Document Modified: 2017-04-25 02:18:26

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice of sale of two multifamily and eight healthcare mortgage loans.
Dates		A Bidder's Information Package (BIP) was made available on or about March 29, 2017. Bids for the loans must be submitted on the bid date, which is currently scheduled for April 26, 2017 between certain specified hours. HUD anticipates that an award or awards will be made on or before May 1, 2017. Closing is expected to take place between May 4 and May 8, 2017.
Contact		John Lucey, Director, Asset Sales Office, Room 3136, U.S. Department of Housing and Urban Development, 451 Seventh Street SW., Washington, DC 20410-8000; telephone 202-402- 3927. Hearing- or speech-impaired individuals may call 202-708-4594 (TTY). These are not toll-free numbers.
FR Citation		82 FR 19075