[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]


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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