[Federal Register Volume 77, Number 234 (Wednesday, December 5, 2012)]
[Notices]
[Pages 72367-72368]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-29354]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5604-N-12]


Notice of Submission of Proposed Information Collection to OMB; 
Comment Request: Notice of Requirements for Reporting for the Tax 
Credit Assistance Program (TCAP)

AGENCY: Office of the Chief Information Officer, HUD.

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: February 4, 2013.

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: LaRuth M.Harper, Correspondence 
Unit Supervisor, U.S. Department of Housing and Urban Development, 451 
Seventh Street SW., Room 7223 Washington, DC 20410; email: 
[email protected].

FOR FURTHER INFORMATION CONTACT: Danielle Frazier, Affordable Housing 
Specialist, DGHF, Department of Housing and Urban Development, 451 
Seventh Street SW., Washington, DC 20410; email: 
[email protected]; telephone (202) 402-7354. This is not a toll-
free number. Copies of available documents submitted to OMB may be 
obtained from Ms. Frazier.

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 
program provided $2.25 billion of grant funding for capital investment 
in Low Income Housing Tax Credit (LIHTC) projects, which could not move 
forward because the economic crisis reduced the private capital 
available to them. HUD is administering these funds as the Tax Credit 
Assistance Program (TCAP). TCAP grant amounts were determined by a 
formula established in ARRA and were 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 an 
already 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).
    Each TCAP grantee is required to use IDIS 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

[[Page 72368]]

collection including number of respondents, frequency of responses, and 
hours of responses: An estimation of the total number of record keeping 
and reporting hours per response is 11 hours. The number of respondents 
is 52. The total hours requested is 8,320.

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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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IDIS Activity Completion................              52              14             728              10           7,280         $290.00        $211,120
Grantee Website Reporting...............              52              20           1,040               1           1,040           14.50         30,1600
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    Total Paperwork Burden..............  ..............  ..............  ..............  ..............           8,320  ..............         241,280
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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: November 29, 2012.
Clifford Taffet,
General Deputy Assistant Secretary, Office of Community Planning & 
Development.
[FR Doc. 2012-29354 Filed 12-4-12; 8:45 am]
BILLING CODE 4210-67-P