[Federal Register Volume 74, Number 159 (Wednesday, August 19, 2009)]
[Notices]
[Pages 41924-41925]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-19914]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5282-N-05]


Notice of Submission of Proposed Information Collection to OMB; 
Comment Request; Notice of Tax Credit Assistance Program (TCAP) 
Allocation and Requirements for the Letter of Intent To Participate in 
TCAP

AGENCY: Office of the Chief Information Officer.

ACTION: Notice of proposed information collection.

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SUMMARY: The proposed information collection requirement described 
below has been 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: October 19, 2009

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name/or OMB 
approval number and should be sent to: Lillian L. Deitzer, Departmental 
Reports Management Officer, QDAM, Department of Housing and Urban 
Development, 451 7th Street, SW., Room 4178, Washington, DC 20410-5000; 
telephone (202) 402-8048 (this is not a toll-free number) or e-mail Ms. 
Deitzer at [email protected] for a copy of the proposed forms, 
or other available information.

FOR FURTHER INFORMATION CONTACT: Peter Huber, Director, Financial & 
Information Services Division, OAHP, Department of Housing and Urban 
Development, 451 Seventh Street, SW., Washington, DC 20410; e-mail: 
[email protected]; telephone (202) 402-3941. This is not a toll-
free number.

SUPPLEMENTARY INFORMATION: This Notice will inform the public that the 
U.S. Department of Housing and Urban Development (HUD) will submit 
revised information collection to OMB for review for the Tax Credit 
Assistance Program (TCAP), which is authorized under the American 
Recovery and Reinvestment Act (ARRA) of 2009, as required by the 
Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35 as amended. This 
new program provides $2.25 billion of grant funding for capital 
investment in Low Income Housing Tax Credit (LIHTC) projects, which 
cannot move forward because the current economic crisis has reduced the 
private capital available to them. HUD will administer these funds as 
the Tax Credit Assistance Program (TCAP). TCAP grant amounts will be 
determined by a formula established in ARRA and will be awarded by HUD 
to the housing credit allocating agencies of each state, the District 
of Columbia and the Commonwealth of Puerto Rico.
    This Notice also lists the following information: Title Of 
Proposal: Tax Credit Assistance Program (TCAP).
    Description Of Information Collection: This is a revision of a 
previously approved information collection. The Department of Housing 
and Urban Development is seeking review of the Paperwork Reduction Act 
requirements associated with the Tax Credit Assistance Program (TCAP).

[[Page 41925]]

    Each TCAP grantee is required to submit (1) a TCAP submission 
packet, which explains how it plans on awarding the TCAP funds 
competitively based on its qualified allocation plan; (2) a grant 
agreement form (HUD-40092); (3) banking information to be used for the 
deposit of TCAP funds upon drawdown from the Integrated Disbursement 
and Information System (IDIS) (SF-1199A); and (4) IDIS Access Request 
Forms (HUD-40099) required for grantee access to IDIS for drawdown 
request and approval and for project level reporting described below.
    In addition, each TCAP grantee will be required to use IDIS to 
drawdown funds and to report on project level information including the 
following information identified in the Office of Management and Budget 
(OMB) Initial Implementing Guidance for the American Recovery and 
Reinvestment Act of 2009 issued On February 18, 2009. Specifically, the 
guidance requires quarterly reporting on:
    (1) The total amount of recovery funds received from that agency;
    (2) The amount of recovery funds received that were obligated and 
expended to projects or activities. This reporting will also include 
unobligated Allotment balances to facilitate reconciliations.
    (3) A detailed list of all projects or activities for which 
recovery funds were obligated and expended, including:
    (A) The name of the project or activity;
    (B) a description of the project or activity;
    (C) an evaluation of the completion status of the project or 
activity;
    (D) an estimate of the number of jobs created and the number of 
jobs retained by the project or activity; and
    (E) for infrastructure investments made by State and local 
governments, the purpose, total cost, and rationale of the agency for 
funding the infrastructure investment with funds made available under 
this Act, and name of the person to contact at the agency if there are 
concerns with the infrastructure investment.
    (4) Detailed information on any subcontracts or subgrants awarded 
by the recipient to include the data elements required to comply with 
the Federal Funding Accountability and Transparency act of 2006 (Pub. 
L. 109-282), allowing aggregate reporting on awards below $25,000 or to 
individuals, as prescribed by the Director of OMB.
    OMB Control Number: 2506-0181.
    Agency Form Numbers: None.
    Members of Affected Public: State housing credit agencies.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
responses, and hours of responses: An estimation of the total number of 
recordkeeping and reporting hours per response is 15.5 hours. The 
number of respondents is 52. The total hours requested is 11,284.

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                                             Number of       Number of         Total         Hours per                       Cost per
          Paperwork requirement             respondents      responses       responses       response       Total hours      response*      Total cost
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Grantee's Written Agreements............              52              14             728               5           3,640         $145.00        $105,560
IDIS Activity Set-Up and Completion.....              52              14             728              10           7,280          290.00         211,120
Grantee Website Reporting...............              52              14             728            0.50             364           14.50          10,556
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    Total paperwork burden..............  ..............  ..............  ..............  ..............          11,284  ..............         327,236
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 (*This figure is based on GS-11 salary)


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

    Dated: August 12, 2009.
Mercedes M[aacute]rquez,
Assistant Secretary for Community Planning & Development.
[FR Doc. E9-19914 Filed 8-18-09; 8:45 am]
BILLING CODE 4210-67-P