[Federal Register Volume 87, Number 208 (Friday, October 28, 2022)]
[Notices]
[Pages 65231-65232]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-23516]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7056-N-43]


60-Day Notice of Proposed Information Collection: Multifamily 
Financial Management Template, OMB Control No.: 2502-0551

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

ACTION: Notice.

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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: December 27, 2022.

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, REE, 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

[[Page 65232]]

at [email protected] for a copy of the proposed forms or other 
available information. HUD welcomes and is prepared to receive calls 
from individuals who are deaf or hard of hearing, as well as 
individuals with speech and communication disabilities. To learn more 
about how to make an accessible telephone call, please visit https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, REE, 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. HUD welcomes and is prepared to receive calls from 
individuals who are deaf or hard of hearing, as well as individuals 
with speech and communication disabilities. To learn more about how to 
make an accessible telephone call, please visit https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.
    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: Multifamily Financial Management 
Template.
    OMB Approval Number: 2502-0551.
    Type of Request: Reinstatement, with change, of previously approved 
collection for which approval has expired.
    Form Number: None.
    Description of the need for the information and proposed use: 
Owners of certain HUD-insured and HUD-assisted properties, which 
includes most owners of multifamily housing properties are required to 
submit annual financial statements to HUD via the internet in the HUD-
prescribed format and chart of accounts, and in accordance with the 
generally accepted accounting principles (GAAP). In accordance with the 
Department's Uniform Financial Reporting Standards (UFRS) regulation, 
24 CFR part 5, owners of certain HUD-insured and HUD-assisted 
properties are required to submit annual financial statements 
electronically to HUD via the internet in the HUD-prescribed format and 
chart of accounts, and in accordance with the generally accepted 
accounting principles (GAAP). The Department uses this information to 
monitor the owner's compliance with regulatory requirements and to 
assess fiscal performance.
    Respondents: Business or other for profit.
    Estimated Number of Respondents: 26,995.
    Estimated Number of Responses: 26,995.
    Frequency of Response: Annually.
    Average Hours per Response: 14.
    Total Estimated Burden: 377,930.

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.

Jeffrey D. Little,
General Deputy Assistant Secretary, Office of Housing.
[FR Doc. 2022-23516 Filed 10-27-22; 8:45 am]
BILLING CODE 4210-67-P