[Federal Register Volume 75, Number 223 (Friday, November 19, 2010)]
[Notices]
[Pages 70940-70941]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-29276]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5832-N-14]


Notice of Proposed Information Collection for Public Comment: 
2011 Rental Housing Finance Survey

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

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below will be submitted to the Office of Management and Budget (OMB) 
for review, as required by the Paperwork Reduction Act of 1995, Public 
Law 104-13 (44 U.S.C. 3506(c)(2)(A)). The Department is soliciting 
public comments on the subject proposal.

DATES: Comments Due Date: January 18, 2011.

ADDRESSES: Interested persons are invited to submit comments on this 
interim rule to the Regulations Division, Office of General Counsel, 
Department of Housing and Urban Development, 451 7th Street, SW., Room 
10276, Washington, DC 20410-0500. Communications must refer to the 
above docket number and title. There are two methods for submitting 
public comments. All submissions must refer to the above docket number 
and title.
    1. Submission of Comments by Mail. Comments may be submitted by 
mail to the Regulations Division, Office of General Counsel, Department 
of Housing and Urban Development, 451 Seventh Street, SW., Room 10276, 
Washington, DC 20410-0500.
    2. Electronic Submission of Comments. Interested persons may submit 
comments electronically through the Federal eRulemaking Portal at 
http:[sol][sol]www.regulations.gov. HUD strongly encourages commenters 
to submit comments electronically. Electronic submission of comments 
allows the commenter maximum time to prepare and submit a comment, 
ensures timely receipt by HUD, and enables HUD to make them immediately 
available to the public. Comments submitted electronically through the 
http:[sol][sol]www.regulations.gov Web site can be viewed by other 
commenters and interested members of the public. Commenters should 
follow the instructions provided on that site to submit comments 
electronically.

    Note: To receive consideration as public comments, comments must 
be submitted through one of the two methods specified above. Again, 
all submissions must refer to the docket number and title of the 
rule.

    No Facsimile Comments. Facsimile (FAX) comments are not acceptable.

FOR FURTHER INFORMATION CONTACT: Wendy Y. Chi, Office of Economic 
Affairs, Office of Policy Development and Research, Department of 
Housing and Urban Development, 451 7th Street, SW., Washington, DC 
20410; via telephone (202) 402-6534 (this is not a toll-free number); 
via e-mail at <a href="/cdn-cgi/l/email-protection#cb9caea5afb2e592e588a3a28ba3beafe5aca4bd"><span class="__cf_email__" data-cfemail="2077454e44590e790e634849604855440e474f56">[email protected]</span></a>.

SUPPLEMENTARY INFORMATION: The Department will submit the proposed 
information collection to OMB for review, as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
    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: 2011 Rental Housing Finance Survey.
    OMB Control Number: 0000-0000.
    Description of the need for the information and proposed use: The 
Rental Housing Finance Survey (RHFS) provides a measure of financial, 
mortgage, and property characteristics of multifamily rental housing 
properties in the United States. The RHFS focuses on mortgage financing 
of multifamily rental housing properties, with emphasis on new 
originations for purchase, capital improvement, refinancing, and the 
loan terms and property characteristics associated with these 
originations.
    The RHFS will collect data on property values of residential 
structures, characteristics of residential structures, rental status 
and rental value of units within the residential structures, commercial 
use of space within residential structures, property management status, 
ownership status, a detailed assessment of mortgage financing, and 
benefits received from federal, state, local, and non-governmental 
programs. Many of the questions are the same or similar to those found 
on the 1995 Property Owners and Managers Survey and the rental housing 
portion of the 2001 Residential Finance Survey. This survey does not 
duplicate work done in other existing HUD surveys or studies that are 
pertinent to mortgage finance of multifamily rental properties.
    Policy analysts, program managers, budget analysts, and 
Congressional staff can use the survey's results to advise executive 
and legislative branches about the mortgage finance characteristics of 
the multifamily rental housing stock in the United States and the 
suitability of public policy initiatives. Academic researchers and 
private organizations will also be able to utilize the data to 
facilitate their research and projects.
    The Department of Housing and Urban Development (HUD) needs the 
RHFS data for the following two reasons:
    1. This is the only data source that provides a comprehensive 
picture of mortgage financing of the multifamily rental properties with 
two or more units.
    2. With the data, HUD can gain a better understanding of mortgage

[[Page 70941]]

origination volumes, loan and property characteristics associated with 
these originations, and operating cost and revenue characteristics for 
the multifamily rental housing stock in the United States. This 
information will help HUD to evaluate, monitor, and design national 
housing policies, priorities, and programs affecting the entire 
spectrum of the multifamily rental stock.
    Agency Form Numbers: 000000000000.
    Members of affected public: Owners and managers of rental 
properties.
    Estimation of the total number of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response:
    Number of Respondents: 3,600.
    Estimate of Responses per Respondent: 1 every 2 years.
    Time (minutes) per respondent: 30.
    Total hours to respond: 1800.
    Respondent's Obligation: Voluntary.
    Status of the proposed information collection: Pending OMB 
approval.

    Authority: Title 13 U.S.C. Section 9(a), and Title 12, U.S.C., 
Section 1701z-1 et seq.

    Dated: November 12, 2010.
Raphael W. Bostic,
Assistant Secretary for Policy Development and Research.
[FR Doc. 2010-29276 Filed 11-18-10; 8:45 am]
BILLING CODE 4210-67-P


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