[Federal Register Volume 79, Number 246 (Tuesday, December 23, 2014)]
[Notices]
[Page 77023]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-30062]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5752-N-113]


30-Day Notice of Proposed Information Collection: Capital Needs 
Assessments--CNA e Tool

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

DATES: Comments Due Date: January 22, 2015.

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: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax: 202-395-5806. Email: [email protected].

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street SW., Washington, DC 20410; email at Colette Pollard @hud.gov or 
telephone 202-402-3400. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339. This is not a toll-free number. Copies of 
available documents submitted to OMB may be obtained from Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD has 
submitted to OMB a request for approval of the information collection 
described in Section A.
    The Federal Register notice that solicited public comment on the 
information collection for a period of 60 days was published on 
September 12, 2014.

A. Overview of Information Collection

    Title of Information Collection: Capital Needs Assessments--CNA e 
Tool.
    OMB Approval Number: 2502-0505.
    Type of Request: Revision of a currently approved collection.
    Form Number: None.
    Description of the need for the information and proposed use: A 
Capital Needs Assessment is a detailed review of a property's emergent 
and expected capital expenses over future years, a span of time known 
as the ``estimate period.'' It is needed in order to appropriately 
value a property to determine if the property is financially 
sustainable and to plan funding of an escrow account for payment of 
capital repair and replacement needs during the estimate period. It is 
used by mortgage lenders and property owners, developers and HUD for 
valuation, underwriting and asset management purposes.
    Respondents: Capital Needs Assessments will be submitted by 
property owners, buyers and mortgage lenders for multifamily housing 
when applying for mortgage loans or loan guarantees from the United 
States Department of Agriculture, loan guarantees from HUD, assisted 
housing providers receiving Section 8 subsidy or those who received HUD 
assistance in the past.
    Estimated Number of Responses: 3,792.
    Estimated Number of Responses: 3,792.
    Frequency of Response: 1.
    Average Hours per Response: 40.
    Total Estimated Burdens: 151,680.

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following:
    (1) 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) The accuracy of the agency's estimate of the burden of the 
proposed collection of information;
    (3) Ways to enhance the quality, utility, and clarity of the 
information to be collected; and
    (4) Ways to 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.
    HUD encourages interested parties to submit comment in response to 
these questions.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35.

    Dated: December 17, 2014.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2014-30062 Filed 12-22-14; 8:45 am]
BILLING CODE 4210-67-P