[Federal Register Volume 63, Number 3 (Tuesday, January 6, 1998)]
[Notices]
[Pages 468-469]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-174]
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Notices
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains documents other than rules
or proposed rules that are applicable to the public. Notices of hearings
and investigations, committee meetings, agency decisions and rulings,
delegations of authority, filing of petitions and applications and agency
statements of organization and functions are examples of documents
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Federal Register / Vol. 63, No. 3 / Tuesday, January 6, 1998 /
Notices
[[Page 468]]
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DEPARTMENT OF AGRICULTURE
Rural Housing Service
Notice of Request for Extension of a Currently Approved
Information Collection
AGENCY: Rural Housing Service (RHS), USDA.
ACTION: Proposed collection: comments request.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this
notice announces the Rural Housing Service's intention to request an
extension for a currently approved information collection in support of
the program for Management and Supervision of Multiple Family Housing
Borrowers and Grant Recipients.
DATES: Comments on this notice must be received by March 9, 1998 to be
assured of consideration.
FOR FURTHER INFORMATION CONTACT: Laurence R. Anderson, Senior Loan
Specialist, Multi-Family Housing Portfolio Management Division, RHS,
United States Department of Agriculture, Mail Stop 0782, 1400
Independence Ave., SW, Washington, DC 20250-0782, Telephone (202) 720-
1611.
SUPPLEMENTARY INFORMATION:
Title: Management and Supervision of Multiple Family Housing
Borrowers and Grant Recipients.
OMB Number: 0575-0033.
Expiration Date of Approval: March 31, 1998.
Type of Request: Extension of a currently approved information
collection.
Abstract: The Rural Housing Service (RHS) is authorized under
Section 514, 515, 516, and 521 of Title V of the Housing Act of 1949,
as amended, to provide loans and grants to eligible recipients for the
development of rental housing in rural areas. Such multi-family housing
(MFH) projects are intended to meet the housing needs of persons or
families having very low to moderate incomes, senior citizens, the
handicapped or disabled, and domestic farm laborers.
RHS has the responsibility of assuring the public that MFH projects
financed are managed and operated as mandated by Congress. 7 CFR Part
1930, Subpart C was first issued October 27, 1980, to insure consistent
and proper management and operation of projects financed with MFH loan
and grant funds. Minimal requirements have been established as deemed
necessary to assure that applicable laws and authorities are carried
out as intended.
With the provisions of this regulation, RHS will be able to provide
the necessary guidance and supervision to new and existing borrowers to
assist in the economical operation of their projects. RHS must be able
to assure Congress and the general public that all MFH projects will be
operated as economically as possible, for the purposes for which they
are intended, and for the benefit of those they are mandated to serve.
The required information is collected on a project-by-project basis
and is done so in accordance with the amended Housing Act of 1949, so
that RHS can provide guidance and be assured of compliance with the
terms and conditions of loan, grant, and/or subsidy agreements.
RHS will use the information collected to identify financially
detrimental trends, poor management practices, and potential problems
before they manifest themselves in the form of loan delinquencies,
unpaid operation expenses, improper discriminatory practices, or high
vacancy rates. With this information, RHS can assist the borrower
through consultation (supervision) to improve the efficiency of the
project and its operation. RHS supervision is especially critical
during the first year of operation. In addition, the information
provided is intended to verify whether or not the borrower is complying
with the terms and conditions of loan, grant, or subsidy agreements.
After the first year of operation, the information is requested of the
borrower to assure continued compliance with the loan and grant
agreements.
Failure by RHS to monitor progress of borrower operation through
review of collected information and consultation would reasonably lead
to noncompliance with statutory intent in some instances and financial
default in others. Corrective action to remove such noncompliance or
default would be costly to RHS and the public in terms of program
integrity, public confidence, dollars, and staff time.
Estimate of Burden: Public reporting burden for this collection of
information is estimated to average .64 hours per response.
Respondents: Individuals or households.
Estimated Number of Respondents: 538,200.
Estimated Number of Responses per Respondent: 4.61.
Estimated Total Annual Burden on Respondents: 2,218,740 hours.
Copies of this information collection can be obtained from Barbara
Williams, Regulations and Paperwork Management Branch, Support Services
Division, at (202) 720-9734.
Comments
Comments are invited on: (a) Whether the proposed collection of
information is necessary for the proper performance of the functions of
RHS, including whether the information will have practical utility; (b)
the accuracy of RHS's estimate of the burden of the proposed collection
of information including the validity of the methodology and
assumptions used; (c) ways to enhance the quality, utility and clarity
of the information to be collected; and (d) ways to 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. Comments may be sent to Barbara Williams, Regulations and
Paperwork Management Branch, Support Services Division, U.S. Department
of Agriculture, Rural Development, Ag Box 0743, 1400 Independence Ave.,
SW, Washington, DC 20250-0743. All responses to this notice will be
summarized and included in the request for OMB approval. All comments
will also become a matter of public record.
[[Page 469]]
Dated: December 19, 1997.
Jan E. Shadburn,
Administrator, Rural Housing Service.
[FR Doc. 98-174 Filed 1-5-98; 8:45 am]
BILLING CODE 3410-XV-U
