[Federal Register Volume 69, Number 81 (Tuesday, April 27, 2004)]
[Notices]
[Pages 22864-22865]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-9534]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4909-N-04]


Notice of Proposed Information Collection for Public Comment on 
Updating the Low Income Housing Tax Credit Database

AGENCY: Office of 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

[[Page 22865]]

Reduction Act. The Department is soliciting public comments on the 
subject proposal.

DATES: Comments Due Date: June 28, 2004.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and should 
be sent to: Reports Liaison Officer, Office of Policy Development and 
Research, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Room 8226, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Kurt Usowski, Department of Housing 
and Urban Development, 451 7th Street, SW., Washington, DC 20410; 
telephone (202) 708-0426 (this is not a toll-free number). Copies of 
the proposed data collection instruments and other available documents 
may be obtained from Mr. Usowski.

SUPPLEMENTARY INFORMATION: The Department will submit the proposed 
information collection 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: Updating the Low Income Housing Tax Credit 
Database.
     Description of the need for the information and proposed use: 
Section 42 of the I.R.C. provides for Low Income Housing Tax Credits 
(LIHTC) that encourages the production of qualified low-income housing 
units. Due to the decentralized nature of the LIHTC program, there are 
few data available on the units that are currently being developed with 
this federal tax subsidy. The Department of Housing and Urban 
Development, while not responsible for administering tax credits, has 
special responsibilities in understanding and evaluating credit usage, 
both because the LIHTC helps provide for the housing needs of low-
income persons and because credits work in conjunction with HUD 
subsidies in some units.
     Absent this data collection, HUD will not have at its disposal the 
most current, comprehensive LIHTC data, rendering HUD unable to 
determine the types of areas in which the units are located, the 
concentration of such units geographically and with respect to other 
subsidized housing types, or whether incentives to develop LIHTC units 
in a set of HUD designed Difficult Development Areas has been 
effective. In addition, without these data, both HUD and private 
researchers will be unable to conduct sample-based studies on the LIHTC 
due to the difficulty of constructing a valid sample without a complete 
data set on the universe of LIHTC projects.
     Members of affected public: Information will be solicited from the 
58 agencies (predominantly state-level) that allocate credits under 
section 42 of the I.R.C.
     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: 58.
     Number of responses per respondent: 01.
     Total number of responses per annum: 58.
     Hours per response: 24.
     Total hours: 1,392.
     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: April 19, 2004.
Darlene F. Williams,
General Deputy Assistant Secretary, for Policy Development and 
Research.
[FR Doc. 04-9534 Filed 4-26-04; 8:45 am]
BILLING CODE 4210-72-M