[Federal Register Volume 66, Number 225 (Wednesday, November 21, 2001)]
[Notices]
[Pages 58512-58513]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-29010]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4655-N-24]


Notice of Proposed Information Collection; Comment Request; 
Annual Adjustment Factor (AAF) Rent Income

AGENCY: Office of the Assistant Secretary for Housing; 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: January 22, 2002.

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: Wayne Eddins, Reports Management 
Officer, Department of Housing and Urban Development, 451 7th Street, 
SW., L'Enfant Building, Room 8202, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Peter Giaquinto, Office of Housing 
Programs and Grant Administration, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410, telephone 
number (202) 708-2866 (this is not a toll-free number), for copies of 
the proposed forms and other available information.

SUPPLEMENTARY INFORMATION: The Department is submitting 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 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 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 the information on those who are to respond; including 
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: Annual Adjustment Factor (AAF) Rent Increase 
Requirements.
    OMB Control Number, if applicable: 2502-0507.
    Description of the need for the information and proposed use: On 
September 28, 1994, Congress enacted the Housing Appropriations Act 
that authorized HUD's spending authority for Fiscal Year 1995. Among 
the many measures developed in the bill, emphasis was placed on 
utilizing the mechanism in the Section 8 Housing Assistance Payment 
(HAP) contract language that permits an analysis on the reasonableness 
of the Annual Adjustment Factor (AAF) formula as it's applied to each 
project unit type. Under this law, review of the AAF under the Overall 
Limitation clause of the HAP contract would apply only to Section 8 New 
Construction and Substantial Rehabilitation properties where Section 8 
rent levels for a unit type presently exceed the published existing 
housing fair market rents (FMR's). For Section 8 New Construction and 
Substantial Rehabilitation properties where rent levels for particular 
unit type do not exceed the existing FMR and for all other Section 8 
contract types without regard for current rent level, review and the 
overall-limitation clause of the contract would not occur and the 
method of rent adjustment would be the appropriately published AAF.
    Agency form number, if applicable: HUD 92273-S8.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: The number of respondents is 6,000, 
the frequency of responses is annual, the estimated time to complete 
responses is 1.50 hours, and the total burden hours requested is 9,000.
    Status of the proposed information collection: Reinstatement with 
change, of previously approved collection for which approval has 
expired.

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


[[Page 58513]]


    Dated: November 13, 2001.
John C. Weicher,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 01-29010 Filed 11-20-01; 8:45 am]
BILLING CODE 4210-27-M