[Federal Register Volume 73, Number 204 (Tuesday, October 21, 2008)]
[Notices]
[Page 62519]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-24940]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5191-N-34]


Notice of Proposed Information Collection: Comment Request; 
Multifamily Financial Management Template

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, 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: December 22, 2008.

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: Lillian Deitzer, Departmental 
Reports Management Officer, QDAM, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410; e-mail 
[email protected] or telephone (202) 402-8048.

FOR FURTHER INFORMATION CONTACT: Eric Ramsey, Office of Asset 
Management, Department of Housing and Urban Development, 451 7th 
Street, SW., Washington, DC 20410-5000, telephone (202) 708-3944 (this 
is not a toll-free number) for copies of the proposed forms and other 
available documents.

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: Multifamily Financial Management Template.
    OMB control number: 2502-0551.
    Description of the need for the information and proposed use: The 
Uniform Financial Reporting Standards (UFRS) for HUD housing programs 
requires multifamily housing program participants to submit financial 
data electronically, using generally accepted accounting principles, in 
a prescribed format. HUD will continue to use the financial information 
collected from multifamily property owners to evaluate their financial 
condition. Requiring multifamily property owners to report 
electronically has enabled HUD to provide a more comprehensive 
financial assessment of the multifamily property owners receiving 
Federal funds.
    Agency form number, if applicable: None.
    Members of affected public: Multifamily property owners.
    Estimation of the total number of hours needed to prepare the 
information collection including number of respondents: The estimated 
total number of annual hours needed to prepare the information 
collection is 53,784; the number of respondents is 20,774, generating 
20,774 annual responses; the frequency of response is annually; and the 
number of hours per response is approximately 7.25 hours.
    Status of the proposed information collection: Extension of 
currently approved collection.

    Authority: Section 3506 of the Paperwork Reduction Act of 1995, 
44 U.S.C., Chapter 35, as amended.

    Dated: October 9, 2008.
Ronald Y. Spraker,
Acting General Deputy Assistant Secretary for Housing Deputy Federal 
Housing Commissioner.
[FR Doc. E8-24940 Filed 10-20-08; 8:45 am]
BILLING CODE 4210-67-P