83 FR 40780 - 60-Day Notice of Proposed Information Collection: Multifamily Financial Management Template

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 83, Issue 159 (August 16, 2018)

HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment.

[Federal Register Volume 83, Number 159 (Thursday, August 16, 2018)]
[Notices]
[Pages 40780-40781]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-17673]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7005-N-13]


60-Day Notice of Proposed Information Collection: Multifamily 
Financial Management Template

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

ACTION: Notice.

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SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the

[[Page 40781]]

Paperwork Reduction Act, HUD is requesting comment from all interested 
parties on the proposed collection of information. The purpose of this 
notice is to allow for 60 days of public comment.

DATES: Comments Due Date: October 15, 2018.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: Colette Pollard, Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 7th Street SW, Room 4176, Washington, DC 20410-5000; telephone 202-
402-3400 (this is not a toll-free number) or email at 
[email protected] for a copy of the proposed forms or other 
available information. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.

FOR FURTHER INFORMATION CONTACT: Harry Messner, Housing Program 
Manager, Office of Asset Management and Portfolio Oversight, Department 
of Housing and Urban Development, 451 7th Street SW, Washington, DC 
20410, telephone (202) 708-2626. This is not a toll-free number. 
Persons with hearing or speech impairments may access this number 
through TTY by calling the toll-free Federal Relay Service at (800) 
877-8339.
    Copies of available documents submitted to OMB may be obtained from 
Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.

A. Overview of Information Collection

    Title of Information Collection: Multifamily Financial Management 
Template.
    OMB Approval Number: 2502-0551.
    Type of Request: Reinstatement, without change, of previously 
approved collection expiring. (OMB Expiration Date: September 30, 
2018).
    Form Number: None.
    Description of the Need for the Information and Proposed Use: 
Owners of certain HUD-insured and HUD-assisted properties are required 
to submit annual financial statements to HUD via the internet in the 
HUD-prescribed format and chart of accounts, and in accordance with the 
generally accepted accounting principles (GAAP). Most owners of 
multifamily housing (MFH) properties are required to submit annual 
financial statements to HUD. In accordance with the Department's 
Uniform Financial Reporting Standards (UFRS) regulation, 24 CFR part 5, 
owners of certain HUD-insured and HUD-assisted properties are required 
to submit annual financial statements electronically to HUD via the 
internet in the HUD-prescribed format and chart of accounts, and in 
accordance with the generally accepted accounting principles (GAAP). 
The Department uses this information to monitor the owner's compliance 
with regulatory requirements and to assess fiscal performance.
    Respondents: Business or other for profit.
    Estimated Number of Respondents: 26,995.
    Estimated Number of Responses: 26,995.
    Frequency of Response: Annually.
    Average Hours per Response: 14.
    Total Estimated Burden: 377,930.

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following:
    (1) 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) The accuracy of the agency's estimate of the burden of the 
proposed collection of information;
    (3) Ways to enhance the quality, utility, and clarity of the 
information to be collected; and
    (4) Ways to 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.
    HUD encourages interested parties to submit comment in response to 
these questions.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35.

    Dated: July 25, 2018.
Vance T. Morris,
Special Assistant to the Assistant Secretary for Housing, Federal 
Housing Commissioner, H.
[FR Doc. 2018-17673 Filed 8-15-18; 8:45 am]
 BILLING CODE 4210-67-P