[Federal Register Volume 85, Number 157 (Thursday, August 13, 2020)]
[Notices]
[Page 49391]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-17718]



[[Page 49391]]

=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7027-N-27; OMB Control No. 2502-0086]


60-Day Notice of Proposed Information Collection: Monthly Report 
of Excess Income and Annual Report of Uses of Excess Income

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for 60 days of public comment.

DATES: Comments Due Date: October 13, 2020.

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: Colette Pollard, Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 7th Street SW, Room 4176, Washington, DC 20410-5000; telephone 202-
402-3400 (this is not a toll-free number) or email at 
[email protected] for a copy of the proposed forms or other 
available information. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.

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 toll-free Federal Relay Service at 
(800) 877-8339.
    Copies of available documents submitted to OMB may be obtained from 
Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.

A. Overview of Information Collection

    Title of Information Collection: Monthly Report of Excess Income 
and Annual Report of Uses of Excess Income.
    OMB Approval Number: 2502-0086.
    OMB Expiration Date: 2/29/2020.
    Type of Request: Reinstatement, with change, of previously approved 
collection for which approval has expired.
    Form Number: N/A (Pay.gov).
    Description of the need for the information and proposed use: 
Project owners are permitted to retain excess income for projects under 
terms and conditions established by HUD. Owners must submit a written 
request to retain some or all of their excess income. The request must 
be submitted at least 90 days before the beginning of each fiscal year, 
or 90 days before any other time during a fiscal year that the owner 
plans to begin retaining excess income for that fiscal year. HUD uses 
the information to ensure that required excess rents are remitted to 
the Department and/or retained by the owner for project use.
    Respondents (i.e., affected public): Business or other for-profit. 
Project owners with loans subsidized using the Section 236 program 
(Business or other for-profit).
    Estimated Number of Respondents: 835.
    Estimated Number of Responses: 10,855.
    Frequency of Response: 12.
    Average Hours per Response: 0.25.
    Total Estimated Burden: 3,131 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;
    (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.

C. Authority

    Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 
Chapter 35.
    The Acting Assistant Secretary for Housing--Federal Housing 
Commissioner, Len Wolfson, having reviewed and approved this document, 
is delegating the authority to electronically sign this document to 
submitter, Nacheshia Foxx, who is the Federal Register Liaison for HUD, 
for purposes of publication in the Federal Register.

    Dated: August 10, 2020.
Nacheshia Foxx,
Federal Register Liaison for the Department of Housing and Urban 
Development.
[FR Doc. 2020-17718 Filed 8-12-20; 8:45 am]
BILLING CODE 4210-67-P