[Federal Register Volume 61, Number 57 (Friday, March 22, 1996)]
[Notices]
[Page 11857]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-6887]



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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-3917-N-56]


Office of the Assistant Secretary for Policy Development and 
Research; Notice of Proposed Information Collection for Public Comment

AGENCY: Office of the Assistant Secretary for Policy Development and 
Research, HUD.

ACTION: Notice.

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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: May 21, 1996.

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: 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:
Contact Ronald J. Sepanik at (202) 708-1060, Ext. 334 (this is not a 
toll-free number) for copies of the proposed forms and other available 
documents.

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: Survey of Market Absorption of New Apartment 
Buildings (SOMA).
    Description of the need for the information and proposed use: The 
Survey of Market Absorption provides the data necessary to measure the 
rate at which new rental apartments and new condominium apartments are 
absorbed, that is, taken off the market, usually by being rented or 
sold, over the course of the first twelve months following completion 
of a building. The data are collected at quarterly intervals until the 
twelve months expire or until the units in a building are completely 
absorbed. The survey also provides estimates of certain 
characteristics, i.e., asking rent/price, number of bedrooms, of 
apartments being absorbed, which provides a basis for analyzing the 
degree to which new apartment construction is meeting the present and 
future needs of the public.
    Members of affected public: Business firms (builders) Estimation of 
the total numbers of hours needed to prepare the information collection 
including number of respondents, frequency of response, and hours of 
response:
    Number of respondents: 12,000 (maximum).
    Frequency of response: four times (maximum).
    Time per respondent: .3 hours.
    Total hours to respond: 3,600.
    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: March 15, 1996.
Michael A. Stegman,
Assistant Secretary, Office of Policy, Development and Research.
[FR Doc. 96-6887 Filed 3-21-96; 8:45 am]
BILLING CODE 4210-62-M