Notice of Submission of Proposed Information Collection to OMB; Public Housing Capital Fund Financing, 68615-68616 [2010-28168]

Download as PDF 68615 Federal Register / Vol. 75, No. 215 / Monday, November 8, 2010 / Notices e-mail Colette Pollard at Colette.Pollard@hud.gov or telephone (202) 402–3400. 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 the Department of Housing and Urban Development has submitted to OMB a request for approval of the Information collection described below. This notice is soliciting comments from members of the public and affecting agencies concerning the proposed collection of information to: (1) Evaluate 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) Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information; (3) Enhance the quality, utility, and clarity of the information to be collected; and (4) 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. This notice also lists the following information: Title of Proposal: Consolidated Public Housing Certification of Completion. OMB Approval Number: 2577–0021. Form Numbers: None. Description of the Need for the Information and Its Proposed Use: Public Housing Agencies (PHAs) certify to HUD that contract requirements and standards have been satisfied in a project development and HUD may authorize payment of funds due the contractor/developer. The Certification is submitted by a Public Housing Agency (PHA) to indicate to HUD that contract requirements have been satisfied for a specific project. The information is supplied by the project architect to assure the PHA and HUD that construction, which meets codes and HUD standards, has been incorporated into the project. Upon determining a proposed project is completed and that all contract requirements have been satisfied, HUD returns the certification to the PHA authorizing payment to the contractor. Frequency of Submission: On occasion. Number of respondents Annual responses 58 1 Reporting Burden .............................................................................. Total Estimated Burden Hours: 58. Status: Revision of a currently approved collection. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended. Dated: November 2, 2010. Colette Pollard, Departmental Reports Management Officer, Office of the Chief Information Officer. [FR Doc. 2010–28167 Filed 11–5–10; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5376–N–101] Notice of Submission of Proposed Information Collection to OMB; Public Housing Capital Fund Financing Office of the Chief Information Officer, HUD. ACTION: Notice. AGENCY: 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. Each year Congress appropriates funds to approximately 3,200 Public Housing Authorities (PHAs) for modernization, development, financing, and management improvements. The funds are allocated based on a complex jlentini on DSKJ8SOYB1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 18:02 Nov 05, 2010 Jkt 223001 formula. The forms in this collection are used to appropriately disburse and utilize the funds provided to PHAs. Additionally, these forms provide the information necessary to approve a financing transaction in addition to any Mixed-Finance and Capital Fund Financing transactions. Respondents include the approximately 3,200 PHA receiving Capital Funds and any other PHAs wishing to pursue financing. DATES: Comments Due Date: December 8, 2010. ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval Number (2577–0157) and should be sent to: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; fax: 202–395–5806. E-mail: OIRA_Submission@omb.eop.gov. FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; email Colette Pollard at Colette.Pollard@hud.gov or telephone (202) 402–3400. 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 the Department of Housing and Urban Development has submitted to OMB a request for approval of the Information collection described below. This notice PO 00000 Frm 00020 Fmt 4703 Sfmt 4703 × Hours per response 1 = Burden hours 58 is soliciting comments from members of the public and affected agencies concerning the proposed collection of information to: (1) Evaluate 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) Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information; (3) Enhance the quality, utility, and clarity of the information to be collected; and (4) 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. This notice also lists the following information: Title of Proposal: Public Housing Capital Fund Financing. OMB Approval Number: 2577–0157. Form Numbers: HUD–50029, HUD– 50030, HUD–5084, HUD–5087, HUD– 51000, HUD–51001, HUD–51002. http://portal.hud.gov/portal/page/ portal/HUD/program_offices/ administration/hudclips/forms. Description of the Need for the Information and Its Proposed Use: Each year Congress appropriates funds to approximately 3,200 Public Housing Authorities (PHAs) for modernization, development, financing, and management improvements. The funds are allocated based on a complex formula. The forms in this collection are E:\FR\FM\08NON1.SGM 08NON1 68616 Federal Register / Vol. 75, No. 215 / Monday, November 8, 2010 / Notices used to appropriately disburse and utilize the funds provided to PHAs. Additionally, these forms provide the information necessary to approve a financing transaction in addition to any Mixed-Finance and Capital Fund Financing transactions. Respondents include the approximately 3,200 PHA receiving Capital Funds and any other PHAs wishing to pursue financing. Frequency of Submission: On occasion, Monthly, Annually, Other per Transaction. Number of respondents Annual responses 3,105 23.460 Reporting Burden .............................................................................. Total Estimated Burden Hours: 327,590. Status: Revision of a currently approved collection. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended. Dated: November 2, 2010. Colette Pollard, Departmental Reports Management Officer, Office of the Chief Information Officer. [FR Doc. 2010–28168 Filed 11–5–10; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5456–N–01] Notice of Certain Operating Cost Adjustment Factors for 2011 Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice. AGENCY: This notice establishes, for 2011, operating cost adjustment factors (OCAFs). OCAFs are annual factors used to adjust Section 8 rents renewed under section 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA). DATES: Effective Date: February 11, 2011. FOR FURTHER INFORMATION CONTACT: Stan Houle, Housing Program Manager, Office of Housing Assistance and Grant Administration, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410; telephone number 202–402–2572 (this is not a tollfree number). Hearing- or speechimpaired individuals may access this number through TTY by calling the tollfree Federal Information Relay Service at 800–877–8339. SUPPLEMENTARY INFORMATION: jlentini on DSKJ8SOYB1PROD with NOTICES SUMMARY: I. OCAFs Section 514(e)(2) of MAHRA requires HUD to establish guidelines for rent adjustments based on an OCAF. The statute requiring HUD to establish OCAFs for LIHPRHA projects and VerDate Mar<15>2010 18:02 Nov 05, 2010 Jkt 223001 projects with contract renewals or adjustments under section 524 of MAHRA is similar in wording and intent. HUD has therefore developed a single factor to be applied uniformly to all projects utilizing OCAFs as the method by which renewal rents are established or adjusted. LIHPRHA projects are low-income housing projects insured by the Federal Housing Administration (FHA). LIHPRHA projects are primarily lowincome housing projects insured under section 221(d)(3) below-market interest rate (BMIR) and section 236 of the National Housing Act, respectively. Both categories of projects have lowincome use restrictions that have been extended beyond the 20-year period specified in the original documents, and both categories of projects also receive assistance under section 8 of the U.S. Housing Act of 1937 to support the continued low-income use. Additionally, MAHRA gives HUD broad discretion in setting OCAFs— referring, for example, in sections 524(a)(4)(C)(i), 524(b)(1)(A), 524(b)(3)(A) and 524(c)(1) simply to ‘‘an operating cost adjustment factor established by the Secretary.’’ The sole limitation to this grant of authority is a specific requirement in each of the foregoing provisions that application of an OCAF ‘‘shall not result in a negative adjustment.’’ Contract rents are adjusted by applying the OCAF to that portion of the rent attributable to operating expenses exclusive of debt service. OCAFs for FY2008, FY2009, and FY2010 were calculated as average percentage changes in OCAF-covered operating costs using FHA Annual Financial Statement (AFS) data. Unitweighted, project-level operating cost percentage changes were calculated at the State level using the most recent two years of data available. Three years of experience with this method have revealed the following weaknesses: • The relatively common practice of expensing major repairs and improvements in a single year produces large percentage changes in project operating costs when compared with the previous or subsequent years. These projects have a disproportionate impact PO 00000 Frm 00021 Fmt 4703 Sfmt 4703 × Hours per response 4.497 = Burden hours 327,590 on the OCAFs calculated, which occurs even when what would normally be considered a large percentage of the highest and lowest changes are excluded. • Because there are variations in projects that submit AFS from year to year, a different set of projects is used to calculate OCAFs for each of the past three years. It has been found that the multiplicative sum of annual estimates calculated in this manner differs significantly from results based on changes for the same group of projects over a given time interval. • The project-weighted percentage change method has been found to have an upward bias. This normally occurs because one-time large expense increases followed by a similar dollar decrease are not off-setting when calculated as percentages. Because of these problems, for FY2011 HUD is reverting to the preFY2008 methodology with limited changes that are subsequently noted. The Department continues to be interested in using actual FHA data for cost component categories, and it may make additional adjustments in the coming years based on further analysis. FY 2011 OCAFs are calculated as the sum of weighted average cost changes for wages, employee benefits, property taxes, insurance, supplies and equipment, fuel oil, electricity, natural gas, and water/sewer/trash using publicly available indices. The weights used in the pre-FY2008 OCAF calculations for each of the nine cost component groupings have been updated using current percentages attributable to each of the nine expense categories. Average expense proportions were calculated using the most recent three years of audited Annual Financial Statements from projects covered by OCAFs. The expenditure percentages for these nine categories have been found to be very stable over time, but using three years of data increases their stability. The nine cost component weights were calculated at the state level, which is the lowest level of geographical aggregation at which there is enough projects to permit statistical analysis. No data were available for the Western Pacific Islands, E:\FR\FM\08NON1.SGM 08NON1

Agencies

[Federal Register Volume 75, Number 215 (Monday, November 8, 2010)]
[Notices]
[Pages 68615-68616]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-28168]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5376-N-101]


Notice of Submission of Proposed Information Collection to OMB; 
Public Housing Capital Fund Financing

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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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.
    Each year Congress appropriates funds to approximately 3,200 Public 
Housing Authorities (PHAs) for modernization, development, financing, 
and management improvements. The funds are allocated based on a complex 
formula. The forms in this collection are used to appropriately 
disburse and utilize the funds provided to PHAs. Additionally, these 
forms provide the information necessary to approve a financing 
transaction in addition to any Mixed-Finance and Capital Fund Financing 
transactions. Respondents include the approximately 3,200 PHA receiving 
Capital Funds and any other PHAs wishing to pursue financing.

DATES: Comments Due Date: December 8, 2010.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2577-0157) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-5806. E-mail: OIRA_Submission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Washington, DC 20410; e-mail Colette Pollard at 
Colette.Pollard@hud.gov or telephone (202) 402-3400. 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 the 
Department of Housing and Urban Development has submitted to OMB a 
request for approval of the Information collection described below. 
This notice is soliciting comments from members of the public and 
affected agencies concerning the proposed collection of information to: 
(1) Evaluate 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) 
Evaluate the accuracy of the agency's estimate of the burden of the 
proposed collection of information; (3) Enhance the quality, utility, 
and clarity of the information to be collected; and (4) 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.
    This notice also lists the following information:
    Title of Proposal: Public Housing Capital Fund Financing.
    OMB Approval Number: 2577-0157.
    Form Numbers: HUD-50029, HUD-50030, HUD-5084, HUD-5087, HUD-51000, 
HUD-51001, HUD-51002.
    http://portal.hud.gov/portal/page/portal/HUD/program_offices/administration/hudclips/forms.
    Description of the Need for the Information and Its Proposed Use:
    Each year Congress appropriates funds to approximately 3,200 Public 
Housing Authorities (PHAs) for modernization, development, financing, 
and management improvements. The funds are allocated based on a complex 
formula. The forms in this collection are

[[Page 68616]]

used to appropriately disburse and utilize the funds provided to PHAs. 
Additionally, these forms provide the information necessary to approve 
a financing transaction in addition to any Mixed-Finance and Capital 
Fund Financing transactions. Respondents include the approximately 
3,200 PHA receiving Capital Funds and any other PHAs wishing to pursue 
financing.
    Frequency of Submission: On occasion, Monthly, Annually, Other per 
Transaction.

----------------------------------------------------------------------------------------------------------------
                                       Number of          Annual              Hours per
                                      respondents       responses      x       response      =     Burden hours
----------------------------------------------------------------------------------------------------------------
Reporting Burden..................           3,105           23.460   ...           4.497   ...         327,590
----------------------------------------------------------------------------------------------------------------

    Total Estimated Burden Hours: 327,590.
    Status: Revision of a currently approved collection.

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

    Dated: November 2, 2010.
Colette Pollard,
Departmental Reports Management Officer, Office of the Chief 
Information Officer.
[FR Doc. 2010-28168 Filed 11-5-10; 8:45 am]
BILLING CODE 4210-67-P