83 FR 34860 - Notice of HUD-Held Multifamily and Healthcare Loan Sale (MHLS 2018-2)

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 83, Issue 141 (July 23, 2018)

Page Range		34860-34861
FR Document		2018-15630

This notice announces HUD's intention to sell three unsubsidized multifamily and fifteen unsubsidized healthcare mortgage loans, without Federal Housing Administration (FHA) insurance, in a competitive, sealed bid sale on or about August 15, 2018 (MHLS 2018-2 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 83 Issue 141 (Monday, July 23, 2018)

[Federal Register Volume 83, Number 141 (Monday, July 23, 2018)]
[Notices]
[Pages 34860-34861]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15630]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6089-N-02]


Notice of HUD-Held Multifamily and Healthcare Loan Sale (MHLS 
2018-2)

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

ACTION: Notice of sale of three multifamily and fifteen healthcare 
mortgage loans.

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

SUMMARY: This notice announces HUD's intention to sell three 
unsubsidized multifamily and fifteen unsubsidized healthcare mortgage 
loans, without Federal Housing Administration (FHA) insurance, in a 
competitive, sealed bid sale on or about August 15, 2018 (MHLS 2018-2 
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) will be made available on 
or about July 18, 2018. Bids for the loans must be submitted on the bid 
date, which is currently scheduled for August 15, 2018 between certain 
specified hours. HUD anticipates that an award or awards will be made 
on or before August 16, 2018. Closing is expected to take place between 
August 27th and August 31st, 2018.

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 website 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, 133 Federal Street, 10th 
Floor, Boston, MA 02111, Attention: MHLS 2018-2 Sale Coordinator, Fax: 
1-978-967-8607, Email: mhls2018-2@debtx.com.

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 
2018-2, eighteen (18) unsubsidized first lien mortgage loans (Mortgage 
Loans), consisting of fifteen (15) first lien healthcare notes secured 
by assisted living facilities located in various locations within 
Arizona, Illinois, Indiana, Kansas, Texas, and three first lien 
multifamily notes secured by multifamily properties located in Utah and 
Alabama. 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. Qualified bidders may submit bids 
on one or more of 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; and 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 2018-
2. 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 unsuccessful bidders after notification to 
successful bidders on or before August 20, 2018. Closings are expected 
to take place between August 27, 2018 and August 30, 2018.
    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 2018-2. 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.

[[Page 34861]]

Mortgage Loan Sale Policy

    HUD reserves the right to add Mortgage Loans to or delete Mortgage 
Loans from MHLS 2018-2 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 
Loans. 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 
2018-2:
    1. A mortgagor, including its principals, affiliates, family 
members, and assigns, 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 
August 1, 2018;
    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 2018-2;
    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 August 1, 2018, 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 August 1, 2018, 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 
August 1, 2018, 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 2018-2.

Freedom of Information Act Requests

    HUD reserves the right, in its sole and absolute discretion, to 
disclose information regarding MHLS 2018-2, 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 2018-2, 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 2018-2 and does not establish HUD's 
policy for the sale of other mortgage loans.

    Dated: July 17, 2018.
Brian D. Montgomery,
Assistant Secretary for Housing--FHA Commissioner.
[FR Doc. 2018-15630 Filed 7-20-18; 8:45 am]
 BILLING CODE 4210-67-P

34860 Federal Register / Vol. 83, No. 141 / Monday, July 23, 2018 / Notices

estimated for an average respondent to on the HUD website at www.hud.gov/ more of HUD’s requirements or business
respond: The estimated total number of fhaloansales. Please fax or email as well agreements; and a limited partner,
respondents for the information as mail executed original documents to nonmanaging member, investor and/or
collection I–134 is 2,500 and the JS Watkins Realty Partners, LLC: JS shareholder who owns a 1% or less
estimated hour burden per response is Watkins Realty Partners, LLC, c/o The interest in one or more of the Mortgage
1.5 hours. Debt Exchange, 133 Federal Street, 10th Loans, or in the project securing one or
(6) An estimate of the total public Floor, Boston, MA 02111, Attention: more of the Mortgage Loans; and any of
burden (in hours) associated with the MHLS 2018–2 Sale Coordinator, Fax: 1– the aforementioned entities’/
collection: The total estimated annual 978–967–8607, Email: mhls2018-2@ individuals’ principals, affiliates, family
hour burden associated with this debtx.com. members, and assigns.
collection is 3,750 hours. Interested entities/individuals who
FOR FURTHER INFORMATION CONTACT: John
(7) An estimate of the total public fall into one of these categories should
Lucey, Director, Asset Sales Office,
burden (in cost) associated with the review the Qualification Statement to
Room 3136, U.S. Department of Housing
collection: The estimated total annual determine whether they may be eligible
and Urban Development, 451 Seventh
cost burden associated with this to qualify to submit a bid on the
Street SW, Washington, DC 20410–8000;
collection of information is $10,625. Mortgage Loans. Other entities/
telephone 202–402–3927. Hearing- or individuals not described herein may
Dated: July 18, 2018. speech-impaired individuals may call also be restricted from bidding on the
Samantha L. Deshommes, 202–708–4594 (TTY). These are not toll- Mortgage Loans, as fully detailed in the
Chief, Regulatory Coordination Division, free numbers. Qualification Statement.
Office of Policy and Strategy, U.S. Citizenship SUPPLEMENTARY INFORMATION: HUD
and Immigration Services, Department of announces its intention to sell, in MHLS The Bidding Process
Homeland Security. 2018–2, eighteen (18) unsubsidized first The BIP describes in detail the
[FR Doc. 2018–15688 Filed 7–20–18; 8:45 am] lien mortgage loans (Mortgage Loans), procedure for bidding in MHLS 2018–2.
BILLING CODE 9111–97–P consisting of fifteen (15) first lien The BIP also includes a standardized
healthcare notes secured by assisted non-negotiable loan sale agreement
living facilities located in various (Loan Sale Agreement).
DEPARTMENT OF HOUSING AND locations within Arizona, Illinois, As part of its bid, each bidder must
URBAN DEVELOPMENT Indiana, Kansas, Texas, and three first submit a minimum deposit of the
[Docket No. FR–6089–N–02] lien multifamily notes secured by greater of One Hundred Thousand
multifamily properties located in Utah Dollars ($100,000) or ten percent (10%)
Notice of HUD-Held Multifamily and and Alabama. The Mortgage Loans are of the aggregate bid prices for all of such
Healthcare Loan Sale (MHLS 2018–2) non-performing mortgage loans. The Bidder’s bids. In the event the Bidder’s
listing of the Mortgage Loans is aggregate bid is less than One Hundred
AGENCY: Office of the Assistant included in the BIP. The Mortgage Thousand Dollars ($100,000), the
Secretary for Housing—Federal Housing Loans will be sold without FHA minimum deposit shall be not less than
Commissioner, HUD. insurance and with HUD servicing fifty percent (50%) of the Bidder’s
ACTION: Notice of sale of three released. HUD will offer qualified aggregate bid. HUD will evaluate the
multifamily and fifteen healthcare bidders an opportunity to bid bids submitted and determine the
mortgage loans. competitively on the Mortgage Loans. successful bid(s) in its sole and absolute
Qualified bidders may submit bids on discretion. If a bidder is successful, the
SUMMARY: This notice announces HUD’s
one or more of the Mortgage Loans. bidder’s deposit will be non-refundable
intention to sell three unsubsidized The Mortgage Loans will be stratified
multifamily and fifteen unsubsidized and will be applied toward the purchase
for bidding purposes into several price, with any amount beyond the
healthcare mortgage loans, without mortgage loan pools. Each pool will
Federal Housing Administration (FHA) purchase price being returned to the
contain Mortgage Loans that generally bidder. Deposits will be returned to
insurance, in a competitive, sealed bid have similar performance, property
sale on or about August 15, 2018 (MHLS unsuccessful bidders after notification
type, geographic location, lien position to successful bidders on or before
2018–2 or Loan Sale). This notice also and other characteristics. Qualified
describes generally the bidding process August 20, 2018. Closings are expected
bidders may submit bids on one or more to take place between August 27, 2018
for the sale and certain persons who are pools of Mortgage Loans or may bid on
ineligible to bid. and August 30, 2018.
individual loans. These are the essential terms of sale.
DATES: A Bidder’s Information Package The Qualification Statement describes The Loan Sale Agreement, which is
(BIP) will be made available on or about the entities/individuals that may be included in the BIP, contains additional
July 18, 2018. Bids for the loans must be qualified to bid on the Mortgage Loans terms and details. To ensure a
submitted on the bid date, which is if they meet certain requirements as competitive bidding process, the terms
currently scheduled for August 15, 2018 detailed in the Qualification Statement. of the bidding process and the Loan Sale
between certain specified hours. HUD Some entities/individuals must meet Agreement are not subject to
anticipates that an award or awards will additional requirements in order to be negotiation.
be made on or before August 16, 2018. qualified to bid, including but not
Closing is expected to take place limited to: Due Diligence Review
between August 27th and August 31st, Any mortgagee/servicer who The BIP describes the due diligence
amozie on DSK3GDR082PROD with NOTICES1

2018. originated one or more of the Mortgage process for reviewing loan files in
ADDRESSES: To become a qualified Loans; a mortgagor or an operator, with MHLS 2018–2. Qualified bidders will be
bidder and receive the BIP, prospective respect to any HUD insured or able to access loan information remotely
bidders must complete, execute, and subsidized mortgage loan (excluding the via a high-speed internet connection.
submit a Confidentiality Agreement and Mortgage Loans being offered in the Further information on performing due
a Qualification Statement acceptable to Loan Sale) who is currently in default, diligence review of the Mortgage Loans
HUD. Both documents will be available violation, or noncompliance with one or is provided in the BIP.

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Federal Register / Vol. 83, No. 141 / Monday, July 23, 2018 / Notices 34861

Mortgage Loan Sale Policy 4. Any contractor, subcontractor and/ The Qualification Statement provides
HUD reserves the right to add or consultant or advisor (including any further details pertaining to eligibility
Mortgage Loans to or delete Mortgage agent, employee, partner, director, requirements. Prospective bidders
Loans from MHLS 2018–2 at any time principal or affiliate of any of the should carefully review the
prior to the Award Date. HUD also foregoing) who performed services for, Qualification Statement to determine
reserves the right to reject any and all or on behalf of, HUD in connection with whether they are eligible to submit bids
bids, in whole or in part, without MHLS 2018–2; on the Mortgage Loans in MHLS 2018–
prejudice to HUD’s right to include the 5. Any employee of HUD, a member 2.
Mortgage Loans in a later sale. The of such employee’s family, or an entity
owned or controlled by any such Freedom of Information Act Requests
Mortgage Loans will not be withdrawn
after the award date except as is employee or member of such an HUD reserves the right, in its sole and
specifically provided for in the Loan employee’s family; absolute discretion, to disclose
6. Any individual or entity that uses information regarding MHLS 2018–2,
Sale Agreement.
This is a sale of unsubsidized the services, directly or indirectly, of including, but not limited to, the
mortgage loans, pursuant to Section any person or entity ineligible under identity of any successful bidder and its
204(a) of the Departments of Veterans provisions (3) through (5) above to assist bid price or bid percentage for the
Affairs and Housing and Urban in preparing its bid on any Mortgage Mortgage Loans, upon the closing of the
Development, and Independent Loan; sale of the Mortgage Loans. Even if HUD
7. An FHA-approved mortgagee, elects not to publicly disclose any
Agencies Appropriations Act of 1997,
including any principals, affiliates, or information relating to MHLS 2018–2,
(12 U.S.C. 1715z–11a(a)).
assigns thereof, that has received FHA HUD will have the right to disclose any
Mortgage Loan Sale Procedure insurance benefits for one or more of the information that HUD is obligated to
HUD selected a competitive sale as Mortgage Loans being offered in the disclose pursuant to the Freedom of
the method to sell the Mortgage Loans. Loan Sale; Information Act and all regulations
This method of sale optimizes HUD’s 8. An FHA-approved mortgagee and/ promulgated thereunder.
return on the sale of these Mortgage or loan servicer, including any
Loans, affords the greatest opportunity principals, affiliates, or assigns thereof, Scope of Notice
for all qualified bidders to bid on the that originated one or more of the This notice applies to MHLS 2018–2
Mortgage Loans, and provides the most Mortgage Loans being offered in the and does not establish HUD’s policy for
efficient vehicle for HUD to dispose of Loan Sale if the Mortgage Loan the sale of other mortgage loans.
the Mortgage Loans. defaulted within two years of
Dated: July 17, 2018.
origination and resulted in the payment
Bidder Eligibility of an FHA insurance claim; Brian D. Montgomery,
In order to bid in the sale, a 9. Any affiliate, principal or employee Assistant Secretary for Housing—FHA
prospective bidder must complete, of any person or entity that, within the Commissioner.
execute and submit both a two-year period prior to August 1, 2018, [FR Doc. 2018–15630 Filed 7–20–18; 8:45 am]
Confidentiality Agreement and a serviced any Mortgage Loan or BILLING CODE 4210–67–P
Qualification Statement acceptable to performed other services for or on
HUD. The following individuals and behalf of HUD;
entities are among those ineligible to bid 10. Any contractor or subcontractor to DEPARTMENT OF THE INTERIOR
on the Mortgage Loans being sold in HUD that otherwise had access to
MHLS 2018–2: information concerning any Mortgage Fish and Wildlife Service
1. A mortgagor, including its Loan on behalf of HUD or provided
services to any person or entity which, [FWS–R8–ES–2018–N082;
principals, affiliates, family members,
FXES11140800000–189–FF08E00000]
and assigns, with respect to one or more within the two-year period prior to
of the Mortgage Loans being offered in August 1, 2018, had access to Green Diamond Resource Company
the Loan Sale, or an Active Shareholder information with respect to the Proposed Forest Habitat Conservation
(as such term is defined in the Mortgage Loan on behalf of HUD; and/ Plan and Draft Environmental Impact
Qualification Statement); or Statement; Humboldt and Del Norte
2. Any individual or entity, and any 11. Any employee, officer, director or Counties, CA
Related Party (as such term is defined in any other person that provides or will
the Qualification Statement) of such provide services to the prospective AGENCY: Fish and Wildlife Service,
individual or entity, that is a mortgagor bidder with respect to the Mortgage Interior.
or operator with respect to any of HUD’s Loans during any warranty period ACTION: Notice of availability; request
multifamily and/or healthcare programs established for the Loan Sale, that for comments.
(excluding the Mortgage Loans being serviced the Mortgage Loans or
offered in the Loan Sale) and that has performed other services for or on SUMMARY: The Green Diamond Resource
failed to file financial statements or is behalf of HUD or within the two-year Company of Korbel, California
otherwise in default under such period prior to August 1, 2018, provided (applicant), has applied to the U.S. Fish
mortgage loan or is in violation or services to any person or entity which and Wildlife Service (Service) for the
noncompliance of any regulatory or serviced, performed services or issuance of an incidental take permit
business agreements with HUD and fails otherwise had access to information under the Endangered Species Act
amozie on DSK3GDR082PROD with NOTICES1

to cure such default or violation by no with respect to any Mortgage Loan for (ESA) and issuance of a Migratory Bird
later than August 1, 2018; or on behalf of HUD. Scientific Collecting Permit under the
3. Any individual or entity that is Other entities/individuals not Migratory Bird Treaty Act (MBTA). We
debarred, suspended, or excluded from described herein may also be restricted advise the public of the availability of
doing business with HUD pursuant to from bidding on the Mortgage Loans, as a proposed habitat conservation plan
Title 2 of the Code of Federal fully detailed in the Qualification (HCP), which covers the northern
Regulations, Part 2424; Statement. spotted owl and three other species, and

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Document Created: 2018-07-21 00:49:16
Document Modified: 2018-07-21 00:49:16

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 three multifamily and fifteen healthcare mortgage loans.
Dates		A Bidder's Information Package (BIP) will be made available on or about July 18, 2018. Bids for the loans must be submitted on the bid date, which is currently scheduled for August 15, 2018 between certain specified hours. HUD anticipates that an award or awards will be made on or before August 16, 2018. Closing is expected to take place between August 27th and August 31st, 2018.
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		83 FR 34860