[Federal Register Volume 66, Number 70 (Wednesday, April 11, 2001)]
[Notices]
[Pages 18782-18783]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-8846]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4653-N-04]


Notice of Proposed Information Collection for Public Comment: 
Assessment of Third-Party Economic Development Loans Funded Through 
HUD's Community Planning and Development Programs

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 Date: June 11, 2001.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name or OMB 
control number and 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: Judson L. James, Office of Research, 
Evaluation and Monitoring, Program Evaluation Division, Department of 
Housing and Urban Development, 451 7th Street, SW., Washington, DC 
20410; telephone (202) 708-3700 (this is not a toll-free number). 
Copies of the proposed forms and other available documents to be 
submitted to OMB may be obtained from Mr. James.

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 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 function of the agency; (2) evaluate 
the accuracy of the agency's estimated burden; (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: Assessment of Third-Party Economic Development 
Loans Funded Through HUD's Community Planning and Development Programs.
    Description of the need for the information and proposed use: The 
information to be collected is part of a larger study of the character 
and impacts of third-party economic development lending activities 
funded through HUD's Community Development Block Grant (CDBG), Economic 
Development Initiative (EDI), and section 108 Guaranteed Loan programs. 
Although many communities have used large amounts of CDBG, EDI, and 
section 108 funds for such purposes, there is very little 
systematically collected information about the extent of such lending 
nationally, the character and performance of the loans that are made, 
and the economic development impacts of such loans. This information 
collection is intended to fill this gap by: describing and 
characterizing the extent of third-party lending under the CDBG, 
section 108, and EDI programs; characterizing the nature of the 
national economic development loan portfolio; and assessing the basic 
performance and impacts of economic development loans. Together with 
data collected from administrative records, this information will 
provide HUD with key performance and evaluation data on its community 
and economic development programs as well as inform ongoing policy 
discussion regarding the desirability and feasibility of initiating 
secondary market sales of locally-issued economic development loans. 
Secondary market sales could provide such jurisdictions with increased 
capital availability for economic development purposes.
    Members of affected public: In addition to collection of 
administrative data associated with economic development lending, these 
objectives will be accomplished through three surveys. The first 
involves brief telephone interviews with the national universe of local 
Directors of Community/Economic Development Departments that have used 
HUD funds for economic development purposes over the last decade. The 
second involves in-person, in-depth interviews with a sample of local 
Directors and other officials of Community/Economic Development 
Departments in 65 local jurisdictions (cities and urban counties) and 
states that have done extensive lending for economic development--
averaging three interviews per jurisdiction/state. The third involves 
telephone interviews with principals/representatives of private 
businesses that in recent years have received economic development 
loans using CDBG, EDI, or section 108 funds.
    Estimation of the total number of hours needed to prepare the 
information collection, including the number of respondents, frequency 
of response, and hours of response.

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                                                     Number of       Number of      Minutes per    Total burden
              Types of  respondents                 respondents      responses      respondent         hours
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Community/Economic Development Department                    800               1              20             266
 Directors (by telephone).......................
Community/Economic Development Department                    195               1              60             195
 Directors/Officials (in person)................
Principals/Representatives of Business Loan                  600               1              20             200
 Recipients (by telephone)......................
ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½
    Total.......................................            1595                                             661
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[[Page 18783]]

    Status of 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 29, 2001.
Lawrence L. Thompson,
General Deputy Assistant Secretary for Policy Development and Research.
[FR Doc. 01-8846 Filed 4-10-01; 8:45 am]
BILLING CODE 4210-62-M