[Federal Register Volume 85, Number 129 (Monday, July 6, 2020)]
[Notices]
[Pages 40308-40309]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-14271]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7027-N-25]


30-Day Notice of Proposed Information Collection: Capital Needs 
Assessment (CNAs), OMB Control No.: 2502-0505

AGENCY: Office of the Chief Information Officer, Housing and Urban 
Development (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: August 5, 2020.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/Start Printed Page 
15501PRAMain. Find this particular information collection by selecting 
``Currently under 30-day Review--Open for Public Comments'' or by using 
the search function.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street SW, Washington, DC 20410; email Colette Pollard at 
[email protected] or telephone 202-402-3400 (this is not a toll-
free number). Persons with hearing or speech impairments may access 
this number through TTY by calling the Federal Relay Service at (800) 
877-8339 (this is 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 March 30, 2020 at 85 FR 17596.

A. Overview of Information Collection

    Title of Information Collection: Capital Needs Assessment (CNAs).
    OMB Approval Number: 2502-0505.
    OMB Expiration Date: 08/31/2021.
    Type of Request: Revision of a currently approved collection.
    Form Number: N/A.
    Description of the need for the information and proposed use: A 
Capital Needs Assessment is a detailed review of a property's expected 
capital expenditures over future years. It is needed to appropriately 
value a project/property, to determine financial sustainability, and to 
plan for funding of an escrow account to be used for capital repair and 
replacement needs during the estimate period. It is used by external 
parties, and HUD for valuation, underwriting, and asset management 
purposes. The proposed change involves the current excel assessment 
tool that is being rewritten and incorporated into the system for 
enhanced security and credentials.
    Respondents (i.e., affected public): Assessor firms, lender 
originator, lender servicer, Participating Administrative Entity (PAE), 
Public Housing Agency (PHA) for RAD Projects, and the Project Rental 
Assistance Contract (PRAC) owner.
    Estimated Number of Respondents: 2,041.
    Estimated Number of Responses: 2,041.
    Frequency of Response: Once periodically.
    Average Hours per Response: 36 hours.
    Total Estimated Burden: 73,476 hours.

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;

[[Page 40309]]

    (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.
    (5) ways to minimize the burden of the collection of information on 
those who are to respond, including the use of automated collection 
techniques or other forms of information technology.
    HUD encourages interested parties to submit comment in response to 
these questions.

C. Authority

    Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 
3507.

    Dated: June 26, 2020.
Anna Guido,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2020-14271 Filed 7-2-20; 8:45 am]
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