Notice of Submission of Proposed Information Collection to OMB; Multifamily Project Monthly Accounting Reports

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5117-N-51]

Notice of Submission of Proposed Information Collection to OMB; Multifamily Project Monthly Accounting Reports

AGENCY:

Office of the Chief Information Officer, HUD.

ACTION:

Notice.

SUMMARY:

The proposed information collection requirement described below has been 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.

This information is necessary to assess the need for remedial actions to correct project deficiencies or head off potential default of a project mortgage. HUD monitors compliance with contractual agreements and analyzes cash flow trends as well as occupancy and rent collection levels.

DATES:

Comments Due Date:

July 23, 2007.

ADDRESSES:

Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval Number (2502-0108) and should be sent to: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; fax: 202-395-6974.

FOR FURTHER INFORMATION CONTACT:

Lillian Deitzer, Departmental Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; e-mail

Lillian_L._Deitzer@HUD.gov

or telephone (202) 708-2374. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Ms. Deitzer or from HUD's Web site at

http://www5.hud.gov:63001/po/i/icbts/collectionsearch.cfm.

SUPPLEMENTARY INFORMATION:

This notice informs the public that the Department of Housing and Urban Development has submitted to OMB a request for approval of the information collection described below. This notice is soliciting comments from members of the public and affecting 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:

Multifamily Project Monthly Accounting Reports.

OMB Approval Number:

2502-0108.

Form Numbers:

HUD-93479, HUD-93480, HUD-93481.

Description of the Need for the Information and Its Proposed Use:

This information is necessary to assess the need for remedial actions to correct project deficiencies or head off potential default of a project mortgage. HUD monitors compliance with contractual agreements and analyzes cash flow trends as well as occupancy and rent collection levels.

Frequency of Submission:

Monthly, Other As required during the following period of a project's operation or when designated as a troubled project.

Number of

respondents

Annual

responses

×

Hours per

response

=

Burden hours

Reporting Burden

14,758

.20

42

123,984

Total Estimated Burden Hours:

123,984.

Status:

Extension of a currently collection.

Authority:

Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended.

Dated: June 19, 2007.

Lillian L. Deitzer,

Departmental Paperwork Reduction Act Officer, Office of the Chief Information Officer.

[FR Doc. E7-12129 Filed 6-21-07; 8:45 am]

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