[Federal Register Volume 66, Number 14 (Monday, January 22, 2001)]
[Notices]
[Pages 6643-6644]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-1840]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4650-N-08]


Submission for OMB Review: Multifamily Housing Rehabilitation 
Loan Program for Capital Repairs

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

ACTION: Notice of proposed information collection requirement.

-----------------------------------------------------------------------

SUMMARY: The Department of Housing and Urban Development (HUD) is 
publishing a Housing Notice which enables qualified owners to submit 
applications, subject to HUD review, for a loan to address the 
rehabilitation and repair needs of aging multifamily properties. To 
determine whether a project is qualified to receive funding, HUD will 
be collecting information from those applicants that wish to 
participate. The proposed information collection requirement has been 
submitted to the Office of Management and Budget (OMB) for review as 
required by the Paperwork Reduction Act.

DATES: Submit comments on or before: January 29, 2001.

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:
    Joseph F. Lackey, Jr., HUD Desk Officer, Office of Management and 
Budget, New Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Wayne Eddins, Reports Management 
Officer, Department of Housing and Urban Development, 451 Seventh 
Street, SW, Washington, DC 20410, telephone (202) 708-2374 (This is not 
a toll-free number) or e-mail to [email protected]. Copies of the 
available documents submitted to OMB may be obtained from Mr. Eddins.

SUPPLEMENTARY INFORMATION: The Department has submitted the proposal 
for the collection of information, as described below, to OMB for 
review as required by the Paperwork Reduction Act (44 USC Chapter 35). 
HUD has requested OMB approval by April 29, 2000.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless collection displays a 
valid control number.
    This notice contains the following information:
    (1) The title for the collection of information;

[[Page 6644]]

    (2) A summary of the collection of information;
    (3) A brief description of the need for the information and 
proposed use of the information;
    (4) A description of the likely respondents, including the 
estimated number of likely respondents, and proposed frequency of 
response to the collection of information;
    (5) An estimate of the total annual reporting and recordkeeping 
burden that will result from the collection of information;
    Title: Multifamily Housing Rehabilitation Loan Program for Capital 
Repairs
    OMB Control Number: 2502-
    Type of submission: Owners of eligible projects (applicants) will 
be required to submit to HUD information to show that the project meets 
the basic eligibility criteria, that rehabilitation is necessary to 
address the physical needs that exist at the property, and that they do 
not have the financial resources available to address these needs. 
These requirements will enable eligible applicants to take advantage of 
a loan that will enable them to resolve the physical deficiencies at 
the property.
    The information includes (a) an application cover letter and 
description of the proposed use of funds; (b) a worksheet that 
demonstrates the calculation of the loan amount; (c) an updated 
Comprehensive Needs Assessment (CNA) including HUD Forms 96001, 96002, 
and 96003; (d) the project's REAC physical and financial assessment 
scores; and (e) for profit-motivated owners, evidence of their minimum 
contribution towards the total cost of the rehabilitation.
    Need and use of the information: The information will be used in 
order to demonstrate the need for assistance in order to correct the 
physical deficiencies of the property. The Department will review the 
information to determine whether the basic eligibility criteria is met, 
if a loan is needed for rehabilitation of the project, and that the 
project income is not sufficient to support the rehabilitation. Form 
Number(s): HUD Forms 96001, 96002, 96003.
    Respondents: Multifamily property owners, primarily nonprofit 
entities.
    Reporting Burden:

----------------------------------------------------------------------------------------------------------------
      Number of                     Frequency of
     respondents          x           response           x      Hours per response     =      Total burden hours
----------------------------------------------------------------------------------------------------------------
              400                               1                           4-24                     1600-9600
----------------------------------------------------------------------------------------------------------------

    Contact: Eileen Hearty, HUD (202-708-2866, ext. 2641), Joseph 
Lackey, OMB, (202) 395-7316.

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

    Dated: January 16, 2001.
Wayne Eddins,
Reports Management Officer, Office of the Chief Information Officer.
[FR Doc. 01-1840 Filed 1-19-01; 8:45 am]
BILLING CODE 4210-01-M