83 FR 60442 - 30-Day Notice of Proposed Information Collection: Multifamily Financial Management Template

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 83, Issue 227 (November 26, 2018)

HUD submitted the proposed information collection requirement described below to the Office of Management and Budget (OMB) for review, in accordance with the Paperwork Reduction Act. The purpose of this notice is to allow for 30 days of public comment.

[Federal Register Volume 83, Number 227 (Monday, November 26, 2018)]
[Notices]
[Page 60442]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-25653]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7001-N-56]


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

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: HUD submitted the proposed information collection requirement 
described below to the Office of Management and Budget (OMB) for 
review, in accordance with the Paperwork Reduction Act. The purpose of 
this notice is to allow for 30 days of public comment.

DATES: Comments Due Date: December 26, 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: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax: 202-395-5806, Email: OIRA [email protected].

FOR FURTHER INFORMATION CONTACT: Inez C. Downs, Reports Management 
Officer, QMAC, Department of Housing and Urban Development, 451 7th 
Street SW, Washington, DC 20410; email [email protected], or 
telephone 202-402-8046. 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. Downs.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.
    The Federal Register notice that solicited public comment on the 
information collection for a period of 60 days was published on August 
16, 2018 at 83 FR 40780.

A. Overview of Information Collection

    Title of Information Collection: Multifamily Financial Management 
Template.
    OMB Approved Number: 2502-0551.
    Type of Request: Reinstatement without change, of previously 
approved collection.
    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: 1.
    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: November 14, 2018.
Inez C. Downs,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2018-25653 Filed 11-23-18; 8:45 am]
 BILLING CODE 4210-67-P