Section 8 Housing Assistance Payments Program-Fiscal Year (FY) 2023 Inflation Factors for Public Housing Agency (PHA) Renewal Funding, 22060-22061 [2023-07720]

Download as PDF 22060 Federal Register / Vol. 88, No. 70 / Wednesday, April 12, 2023 / Notices A. Overview of Information Collection DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–7070–N–20; OMB Control No. 2502–0041] 30-Day Notice of Proposed Information Collection: Multifamily Default Status Report Office of Policy Development and Research, Chief Data Officer, HUD. ACTION: Notice. AGENCY: 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 an additional 30 days of public comment. DATES: Comments Due Date: May 12, 2023. SUMMARY: 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/ PRAMain. 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, REE, Department of Housing and Urban Development, 7th Street SW, Room 8210, Washington, DC 20410; email Colette Pollard at PaperworkReductionActOffice@hud.gov 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 or 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. The Federal Register notice that solicited public comment on the information collection for a period of 60 days was published on November 8, 2022 at 87 FR 67482. ddrumheller on DSK120RN23PROD with NOTICES1 ADDRESSES: VerDate Sep<11>2014 19:25 Apr 11, 2023 Jkt 259001 Title of Information Collection: Multifamily Default Status Report. OMB Approval Number: 2502–0041. OMB Expiration Date: April 30, 2023. Type of Request: Extension of a currently approved collection. Form Number: N/A. Description of the need for the information and proposed use: The regulations at 24 CFR 207.256, 24 CFR 207.256a, and 24 CFR 207.258 require a mortgagee to notify HUD when a mortgage payment is in default (more than 30 days past due), when a mortgage has been reinstated, and to submit an election to assign a defaulted loan to HUD within a specified timeframe from the date of default. The regulation at 24 CFR 200, Subpart B, requires lenders to submit delinquency, default, election to assign, and other related loan information statuses electronically to HUD. Lenders previously used HUD Form 92426 for these submissions, however, with the implementation of the regulation requiring electronic notification, the Multifamily Delinquency and Default Reporting System (MDDR) was established to replace the paper form HUD–92426. HUD uses the information as an early warning mechanism to work with project owners and lenders to develop a plan that will reinstate a loan and avoid an insurance claim. It also provides HUD staff a mechanism for mortgagee compliance with HUD’s loan servicing procedures and assignments. Respondents: Respondents are FHAapproved multifamily lenders (business or other for-profit). Estimated Number of Respondents: 114. Estimated Number of Responses: 1,001. Frequency of Response: 12. Average Hours per Response: 10 minutes. Total Estimated Burden: 167. 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 PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 (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 respond, including the use of automated collection techniques or other forms of information technology. HUD encourages interested parties to submit comments in response to these questions. C. Authority Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. chapter 35. Colette Pollard, Department Reports Management Officer, Office of Policy Development and Research, Chief Data Officer. [FR Doc. 2023–07639 Filed 4–11–23; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–6384–N–01] Section 8 Housing Assistance Payments Program-Fiscal Year (FY) 2023 Inflation Factors for Public Housing Agency (PHA) Renewal Funding Office of the Assistant Secretary for Policy Development and Research, HUD. ACTION: Notice. AGENCY: This notice establishes Renewal Funding Inflation Factors (RFIFs) to adjust Fiscal Year (FY) 2023 renewal funding for the Housing Choice Voucher (HCV) Program of each public housing agency (PHA), as required by the Consolidated Appropriations Act, 2023. The notice apportions the expected percent change in national Per Unit Cost (PUC) for the HCV program, 9.60 percent, to each PHA based on the change in Fair Market Rents (FMRs) for their operating area to produce the FY 2023 RFIFs. HUD’s FY 2023 methodology is the same as that which was used in FY 2022. DATES: Applicability Date: April 12, 2023. FOR FURTHER INFORMATION CONTACT: Miguel A. Fontanez, Director, Housing Voucher Financial Division, Office of Public Housing and Voucher Programs, Office of Public and Indian Housing, telephone number 202–402–4212; or Adam Bibler, Program Parameters and SUMMARY: E:\FR\FM\12APN1.SGM 12APN1 Federal Register / Vol. 88, No. 70 / Wednesday, April 12, 2023 / Notices Research Division, Office of Policy Development and Research, telephone number 202–402–6057, for technical information regarding the development of the schedules for specific areas or the methods used for calculating the inflation factors. Their mailing address is: Department of Housing and Urban Development, 451 7th Street SW, Washington, DC 20410. HUD welcomes and is prepared to receive calls from individuals who are deaf or hard of hearing, as well as individuals with speech or 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. SUPPLEMENTARY INFORMATION: ddrumheller on DSK120RN23PROD with NOTICES1 I. Background Division L, Title II of the Consolidated Appropriations Act, 2023 requires that the HUD Secretary, for the calendar year 2023 funding cycle, provide renewal funding for each public housing agency (PHA) based on validated voucher management system (VMS) leasing and cost data for the prior calendar year and by applying an inflation factor as established by the Secretary, by notice published in the Federal Register. This notice announces the availability of the FY 2023 inflation factors and describes the methodology for calculating them. Tables in PDF and Microsoft Excel formats showing Renewal Funding Inflation Factors (RFIFs) by HUD Fair Market Rent Area are available electronically from the HUD data information page at: https:// www.huduser.gov/portal/datasets/rfif/ rfif.html. II. Methodology RFIFs are used to adjust the allocation of Housing Choice Voucher (HCV) program funds to PHAs for local changes in rents, utility costs, and tenant incomes. To calculate the RFIFs, HUD first forecasts a national inflation factor, which is the annual change in the national average Per Unit Cost (PUC). HUD then calculates individual area inflation factors, which are based on the annual changes in the twobedroom Fair Market Rent (FMR) for each area. Finally, HUD adjusts the individual area inflation factors to be consistent with the national inflation factor. HUD’s forecast of the national average PUC is based on forecasts of gross rent and tenant income. Each forecast is produced using historical and forecasted macroeconomic data as independent variables, where the forecasts are consistent with the Economic Assumptions of the VerDate Sep<11>2014 19:25 Apr 11, 2023 Jkt 259001 22061 Administration’s FY 2023 Budget. The forecast of gross rent is itself based on forecasts of the Consumer Price Index (CPI) Rent of Primary Residence Index and the CPI Fuels and Utilities Index. Forecasted values of these series are applied to the FY 2023 national average two-bedroom FMR to produce a CY 2023 value. A ‘‘notional’’ PUC is calculated as the difference between gross rent value and 30 percent of tenant income (the standard for tenant rent contribution in the voucher program). The change between the forecasted CY 2023 notional PUC and the CY 2022 notional PUC is the expected national change in PUC, or 9.60 percent. HUD uses a notional PUC as opposed to the actual PUC to project costs that are consistent with PHAs leasing the same number and quality of units. For more information on HUD’s forecast methodology, see 82 FR 26710. The inflation factor for an individual geographic area is based on the annualized change in the area’s FMR between FY 2022 and FY 2023. These changes in FMRs are then scaled such that the voucher-weighted average of all individual area inflation factors is equal to the national inflation factor, i.e., the expected annual change in national PUC from CY 2022 to CY 2023, and such that no area has a factor less than one. For PHAs operating in multiple FMR areas, HUD calculates a voucher-weighted average inflation factor based on the count of vouchers in each FMR area administered by the PHA as captured in HUD administrative data as of December 31, 2022. REPORT.pdf. The Area Definitions Table lists areas in alphabetical order by state, and the counties associated with each area. In the six New England states, the listings are for counties or parts of counties as defined by towns or cities. HUD is also releasing the data in Microsoft Excel format to assist users who may wish to use these data in other calculations. The Excel file is available at https://www.huduser.gov/portal/ datasets/rfif/rfif.html. Note that, as described earlier, the actual renewal funding inflation factor applied to agency funding will be the voucherweighted average of the FMR area factors when the PHA operates in multiple areas. III. The Use of Inflation Factors HUD subsequently applies the calculated individual area inflation factors to eligible renewal funding for each PHA based on VMS leasing and cost data for the prior calendar year. [Docket No. FR–7070–N–21; OMB Control No. 2577–0266] IV. Geographic Areas and Area Definitions As explained above, inflation factors based on area FMR changes are produced for all FMR areas and applied to eligible renewal funding for each PHA. The tables showing the RFIFs, available electronically from the HUD data information page, list the inflation factors for each FMR area on a state-bystate basis. The inflation factors use the same OMB metropolitan area definitions, as revised by HUD, that are used in the FY 2023 FMRs. PHAs should refer to the Area Definitions Table on the following web page to make certain that they are referencing the correct inflation factors: https:// www.huduser.org/portal/datasets/rfif/ FY2023/FY2023_RFIF_FMR_AREA_ PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 V. Environmental Impact This notice involves a statutorily required establishment of a rate or cost determination which does not constitute a development decision affecting the physical condition of specific project areas or building sites. Accordingly, under 24 CFR 50.19(c)(6), this notice is categorically excluded from environmental review under the National Environmental Policy Act of 1969 (42 U.S.C. 4321). Solomon Greene, Principal Deputy Assistant Secretary for Policy Development and Research. [FR Doc. 2023–07720 Filed 4–11–23; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 30-Day Notice of Proposed Information Collection: Enterprise Income Verification Systems Debts Owed to Public Housing Agencies and Terminations Office of Policy Development and Research, Chief Data Officer, HUD. ACTION: Notice. AGENCY: 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 an additional 30 days of public comment. DATES: Comments Due Date: May 12, 2023. ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Written comments and SUMMARY: E:\FR\FM\12APN1.SGM 12APN1

Agencies

[Federal Register Volume 88, Number 70 (Wednesday, April 12, 2023)]
[Notices]
[Pages 22060-22061]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-07720]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6384-N-01]


Section 8 Housing Assistance Payments Program-Fiscal Year (FY) 
2023 Inflation Factors for Public Housing Agency (PHA) Renewal Funding

AGENCY: Office of the Assistant Secretary for Policy Development and 
Research, HUD.

ACTION: Notice.

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

SUMMARY: This notice establishes Renewal Funding Inflation Factors 
(RFIFs) to adjust Fiscal Year (FY) 2023 renewal funding for the Housing 
Choice Voucher (HCV) Program of each public housing agency (PHA), as 
required by the Consolidated Appropriations Act, 2023. The notice 
apportions the expected percent change in national Per Unit Cost (PUC) 
for the HCV program, 9.60 percent, to each PHA based on the change in 
Fair Market Rents (FMRs) for their operating area to produce the FY 
2023 RFIFs. HUD's FY 2023 methodology is the same as that which was 
used in FY 2022.

DATES: Applicability Date: April 12, 2023.

FOR FURTHER INFORMATION CONTACT: Miguel A. Fontanez, Director, Housing 
Voucher Financial Division, Office of Public Housing and Voucher 
Programs, Office of Public and Indian Housing, telephone number 202-
402-4212; or Adam Bibler, Program Parameters and

[[Page 22061]]

Research Division, Office of Policy Development and Research, telephone 
number 202-402-6057, for technical information regarding the 
development of the schedules for specific areas or the methods used for 
calculating the inflation factors. Their mailing address is: Department 
of Housing and Urban Development, 451 7th Street SW, Washington, DC 
20410. HUD welcomes and is prepared to receive calls from individuals 
who are deaf or hard of hearing, as well as individuals with speech or 
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.

SUPPLEMENTARY INFORMATION:

I. Background

    Division L, Title II of the Consolidated Appropriations Act, 2023 
requires that the HUD Secretary, for the calendar year 2023 funding 
cycle, provide renewal funding for each public housing agency (PHA) 
based on validated voucher management system (VMS) leasing and cost 
data for the prior calendar year and by applying an inflation factor as 
established by the Secretary, by notice published in the Federal 
Register. This notice announces the availability of the FY 2023 
inflation factors and describes the methodology for calculating them. 
Tables in PDF and Microsoft Excel formats showing Renewal Funding 
Inflation Factors (RFIFs) by HUD Fair Market Rent Area are available 
electronically from the HUD data information page at: https://www.huduser.gov/portal/datasets/rfif/rfif.html.

II. Methodology

    RFIFs are used to adjust the allocation of Housing Choice Voucher 
(HCV) program funds to PHAs for local changes in rents, utility costs, 
and tenant incomes. To calculate the RFIFs, HUD first forecasts a 
national inflation factor, which is the annual change in the national 
average Per Unit Cost (PUC). HUD then calculates individual area 
inflation factors, which are based on the annual changes in the two-
bedroom Fair Market Rent (FMR) for each area. Finally, HUD adjusts the 
individual area inflation factors to be consistent with the national 
inflation factor.
    HUD's forecast of the national average PUC is based on forecasts of 
gross rent and tenant income. Each forecast is produced using 
historical and forecasted macroeconomic data as independent variables, 
where the forecasts are consistent with the Economic Assumptions of the 
Administration's FY 2023 Budget. The forecast of gross rent is itself 
based on forecasts of the Consumer Price Index (CPI) Rent of Primary 
Residence Index and the CPI Fuels and Utilities Index. Forecasted 
values of these series are applied to the FY 2023 national average two-
bedroom FMR to produce a CY 2023 value. A ``notional'' PUC is 
calculated as the difference between gross rent value and 30 percent of 
tenant income (the standard for tenant rent contribution in the voucher 
program). The change between the forecasted CY 2023 notional PUC and 
the CY 2022 notional PUC is the expected national change in PUC, or 
9.60 percent. HUD uses a notional PUC as opposed to the actual PUC to 
project costs that are consistent with PHAs leasing the same number and 
quality of units. For more information on HUD's forecast methodology, 
see 82 FR 26710.
    The inflation factor for an individual geographic area is based on 
the annualized change in the area's FMR between FY 2022 and FY 2023. 
These changes in FMRs are then scaled such that the voucher-weighted 
average of all individual area inflation factors is equal to the 
national inflation factor, i.e., the expected annual change in national 
PUC from CY 2022 to CY 2023, and such that no area has a factor less 
than one. For PHAs operating in multiple FMR areas, HUD calculates a 
voucher-weighted average inflation factor based on the count of 
vouchers in each FMR area administered by the PHA as captured in HUD 
administrative data as of December 31, 2022.

III. The Use of Inflation Factors

    HUD subsequently applies the calculated individual area inflation 
factors to eligible renewal funding for each PHA based on VMS leasing 
and cost data for the prior calendar year.

IV. Geographic Areas and Area Definitions

    As explained above, inflation factors based on area FMR changes are 
produced for all FMR areas and applied to eligible renewal funding for 
each PHA. The tables showing the RFIFs, available electronically from 
the HUD data information page, list the inflation factors for each FMR 
area on a state-by-state basis. The inflation factors use the same OMB 
metropolitan area definitions, as revised by HUD, that are used in the 
FY 2023 FMRs. PHAs should refer to the Area Definitions Table on the 
following web page to make certain that they are referencing the 
correct inflation factors: https://www.huduser.org/portal/datasets/rfif/FY2023/FY2023_RFIF_FMR_AREA_REPORT.pdf. The Area Definitions Table 
lists areas in alphabetical order by state, and the counties associated 
with each area. In the six New England states, the listings are for 
counties or parts of counties as defined by towns or cities. HUD is 
also releasing the data in Microsoft Excel format to assist users who 
may wish to use these data in other calculations. The Excel file is 
available at https://www.huduser.gov/portal/datasets/rfif/rfif.html. 
Note that, as described earlier, the actual renewal funding inflation 
factor applied to agency funding will be the voucher-weighted average 
of the FMR area factors when the PHA operates in multiple areas.

V. Environmental Impact

    This notice involves a statutorily required establishment of a rate 
or cost determination which does not constitute a development decision 
affecting the physical condition of specific project areas or building 
sites. Accordingly, under 24 CFR 50.19(c)(6), this notice is 
categorically excluded from environmental review under the National 
Environmental Policy Act of 1969 (42 U.S.C. 4321).

Solomon Greene,
Principal Deputy Assistant Secretary for Policy Development and 
Research.
[FR Doc. 2023-07720 Filed 4-11-23; 8:45 am]
BILLING CODE 4210-67-P
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