[Federal Register Volume 63, Number 123 (Friday, June 26, 1998)]
[Notices]
[Pages 34911-34912]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-17026]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. 4351-N-08]
Notice of Proposed Information Collection for Public Comment
AGENCY: Office of the Assistant Secretary for Policy Development and
Research, HUD.
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 comments on the subject proposal.
DATES: Comments due: August 25, 1998.
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: Stacy Jordan, Economist, Office of
Policy Development and Research, telephone (202) 708-0426 (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 quality, 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 Low-Income Housing Tax Credit
Developers and Owners.
Description of the need for the information and proposed use: The
Low-Income Housing Tax Credit (LIHTC) program is the Federal
government's most important but least well-understood affordable
housing production program. This national survey will contribute to the
now-limited but growing body of knowledge about how the program works
and who is participating in it. It consists of a national probability
sample of developer/owner entities that placed at least one LIHTC
rental property in service between January 1992 and December 1994.
Information will be gathered about: the types and characteristics of
developer/owner entities that produce affordable rental housing in
conjunction with the LIHTC
[[Page 34912]]
program; factors that were important to their decisions to develop
affordable rental housing using the LIHTC; factors that were considered
when deciding upon the location, scale, resident composition, and other
characteristics of their properties; their post-development experiences
with respect to the performance of their properties; and their longer-
term plans with respect to their properties.
HUD is responsible for assessing the housing needs of low-income
households and administering a variety of housing assistance programs
to meet those needs. The LIHTC program operates in conjunction with and
in the context of ongoing HUD programs. Although HUD is not directly
responsible for the LIHTC program, it is important to an overall
understanding of the affordable housing delivery system to know more
about this program, including who develops, owns, and operates
properties benefiting from LIHTCs, what affects their investment and
development decisions, and their longer-term plans with respect to
their properties. This information will assist the Department in better
assessing and meeting the affordable housing needs of the Nation's low-
income households.
Members of the affected public: A probability sample of
development/ownership entities that placed at least one LIHTC property
in service between January 1, 1992 and December 31, 1994 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 by a
one-time telephone survey with 800 spokespersons representing
developer/owner entities. Each interview will take an average of 30
minutes to complete, resulting in a total of approximately 400 hours of
response time for the information collection.
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: June 19, 1998.
Paul L. Leonard,
Deputy Assitant Secretary for Pollicy Development.
[FR Doc. 98-17026 Filed 6-25-98; 8:45 am]
BILLING CODE 4210-62-M
