Federal Register / Vol. 75, No. 215 / Monday, November 8, 2010 / Notices 68615 

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 × Hours per response = Burden hours 

Reporting Burden .............................................................................. 58 1 1 58 

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 

AGENCY: Office of the Chief Information 

Officer, HUD. 

ACTION: Notice. 

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; 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 

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 


jlentini on DSKJ8SOYB1PROD with NOTICES
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 × Hours per 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 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5456–N–01] 

Notice of Certain Operating Cost 

Adjustment Factors for 2011 

AGENCY: Office of the Assistant 

Secretary for Housing—Federal Housing 

Commissioner, HUD. 

ACTION: Notice. 

SUMMARY: 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: 

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 

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 

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, 


jlentini on DSKJ8SOYB1PROD with NOTICES