[Federal Register Volume 61, Number 220 (Wednesday, November 13, 1996)]
[Notices]
[Pages 58206-58207]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28982]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4086-N-72]
Notice of Proposed Information Collection for Public Comment
AGENCY: Office of the Assistant Secretary for Policy Development and
Research, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The proposed information collection requirement described
below will be submitted to the Office of Management and Budget (OMB)
for review, as required by the Paperwork Reduction Act. The Department
is soliciting public comment on the subject proposal.
DATES: Comments due: January 13, 1997.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name or OMB
Control Number and should be sent to: Reports Liaison Officer, Office
of Policy Development and Research, Department of Housing and Urban
Development, 451 7th Street, SW, Room 8226, Washington, DC 20410.
FOR FURTHER INFORMATION CONTACT:
Todd Richardson, Economist and Social Science Analyst, Office of Policy
Development and Research--telephone (313) 226-6896 (this is not a toll-
free number).
SUPPLEMENTARY INFORMATION: The Department will submit the proposed
information collection to OMB for review, as required by the Paperwork
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
This Notice is soliciting comments from members of the public and
affected agencies concerning the proposed collection of information to:
(1) 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; (2)
Evaluate the accuracy of the agency's estimate of the burden of the
proposed collection of information; (3) Enhance the qualify, utility,
and clarity of the information to be collected; and (4) Minimize the
burden of the collection of information on those who are to respond;
including through the use of appropriate automated collection
techniques or other forms of information technology, e.g. permitting
electronic submission of responses.
This notice also lists the following information:
Title of Proposal: A Survey of Rents, Vacancy, and Amenities in
Multifamily Projects in Michigan.
Description of the need for the information and proposed use: HUD
has three primary needs for the information to be collected from this
survey. The first is for our Portfolio Re-engineering Demonstration.
Under that demonstration, the department is to explore ways to resolve
the over-subsidization of HUD insured projects receiving project based
Section 8. If Portfolio Re-engineering is to be implemented, it is
crucial that HUD know what the appropriate market rent is for different
unit sizes at individual developments.
The second is HUD's annual adjustment factors for Section 8 project
based subsidy. With this survey, we will know what are the appropriate
adjustments.
The third is to assist HUD in its overall underwriting process. The
department insures mortgages for market rate multi-family developments.
As part of its determination on whether HUD should insure the project,
HUD conducts a market study and does an appraisal. This survey will
greatly improve the accuracy and efficiency of this process.
[[Page 58207]]
Members of affected public: We estimate that 3,000 housing managers
in the state will be surveyed.
Estimation of the total number of hours needed to prepare the
information collection including number of respondents, frequency of
response, and hours of response: Information will be collected from
approximately 3,000 managers of multifamily rental developments in the
State of Michigan. The 15 minute mail survey is planned to be conducted
annually. The information being requested is information normally
maintained by housing managers. The total annual burden for respondents
is estimated at 750 hours.
Status of the proposed information collection: Pending OMB
approval.
Authority: Section 3506 of the Paperwork Reduction Act of 1995,
44 U.S.C. Chapter 35, as amended.
Dated: October 23, 1996.
Michael A. Stegman,
Assistant Secretary, Office of Policy Development and Research.
[FR Doc. 96-28982 Filed 11-12-96; 8:45 am]
BILLING CODE 4210-62-M
