60-Day Notice of Proposed Information Collection: Capital Needs Assessments-CNA e Tool, 54736 [2014-21843]

Agencies

• DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Federal Register Volume 79, Number 177 (Friday, September 12, 2014)]
[Notices]
[Page 54736]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-21843]


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

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5756-N-35]


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

AGENCY: Office of the Assistant Secretary for Housing, 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: November 12, 2014.

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 
Colette.Pollard@hud.gov 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: Harry Messner, Office of Asset 
Management, Department of Housing and Urban Development, 451 7th Street 
SW., Washington, DC 20410; email Harry Messner at harry.messner@hud.gov 
or telephone (202) 402-2626. 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. In addition, a copy of the proposed Capital Needs 
Assessment (Excel spreadsheet assessment tool) can be found at https://
portal.hud.gov/hudportal/HUD?src=/programoffices/housing/mfh/
CNA

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: Capital Needs Assessment--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 (i.e. affected public): 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 Annual Number of Respondents: 3,792.
    Estimated Annual 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.

C. Authority

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

    Dated: September 5, 2014.
Laura M. Marin,
Associate General Deputy Assistant Secretary for Housing-Associate 
Deputy Federal Housing Commissioner.
[FR Doc. 2014-21843 Filed 9-11-14; 8:45 am]
BILLING CODE 4210-67-P