30-Day Notice of Proposed Information Collection: Title: Capital Needs Assessment (CNAs); OMB Control No.: 2502-0505, 38521-38522 [2023-12530]

Agencies

• DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Federal Register Volume 88, Number 113 (Tuesday, June 13, 2023)]
[Notices]
[Pages 38521-38522]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-12530]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7070-N-31]


30-Day Notice of Proposed Information Collection: Title: Capital 
Needs Assessment (CNAs); OMB Control No.: 2502-0505

AGENCY: Office of Policy Development and Research, Chief Data Officer, 
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 an additional 30 days of 
public comment.

[[Page 38522]]


DATES: Comments Due Date: July 13, 2023.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection should be submitted 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. Interested persons are also invited to submit comments 
regarding this proposal by name and/or OMB Control Number and can be 
sent to: Colette Pollard, Reports Management Officer, REE, Department 
of Housing and Urban Development, 451 7th Street SW, Room 8210, 
Washington, DC 20410-5000 or email at 
[email protected].

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 
[email protected] or telephone 202-402-3400. This is not a toll-
free number. 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 18, 2022 at 87 FR 69289.

A. Overview of Information Collection

    Title of Information Collection: Capital Needs Assessment (CNAs).
    OMB Approval Number: 2502-0505.
    OMB Expiration Date: 08/31/2023.
    Type of Request: Revision of a currently approved collection.
    Form Number: N/A.
    Description of the need for the information and proposed use: A 
Capital Needs Assessment is a detailed review of a property's expected 
capital expenditures over future years. It is needed to appropriately 
value a project/property, to determine financial sustainability, and to 
plan for funding of an escrow account to be used for capital repair and 
replacement needs during the estimate period. It is used by external 
parties, and HUD for valuation, underwriting, and asset management 
purposes.
    Respondents: Assessor firms, lender originator, lender servicer, 
Participating Administrative Entity (PAE), Public Housing Agency (PHA) 
for RAD Projects, and the Project Rental Assistance Contract (PRAC) 
owner.
    Estimated Number of Respondents: 2,041.
    Estimated Number of Responses: 2,041.
    Frequency of Response: Once periodically.
    Average Hours per Response: 36 hours.
    Total Estimated Burden: 73,476 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.
    (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 comment in response to 
these questions.

C. Authority

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

Colette Pollard,
Department Reports Management Officer, Office of Policy Development and 
Research, Chief Data Officer.
[FR Doc. 2023-12530 Filed 6-12-23; 8:45 am]
BILLING CODE 4210-67-P