As shown by the changes to the collection, HUD shall accurately account for the burden to the Federal government.
Inventory as of this Action
Requested
Previously Approved
09/30/2016
36 Months From Approved
09/30/2013
10,842
0
20,173
3,128
0
5,493
0
0
0
Project owners are permitted to retain Excess Income for projects under terms and conditions established by HUD. Owners must submit a written request to retain some or all their Excess Income. The request must be submitted at least 90 days before the beginning of each fiscal year, or 90 days before any other time during a fiscal year that the owner plans to begin retaining excess income for that fiscal year.
US Code:
42 USC 3543
Name of Law: The Housing and Community Development Act of 1987
US Code:
12 USC 1715z-1
Name of Law: Rental Housing Projects
The decrease in use of this data collection reflects the decline of active loans in the 236 program portfolio. These loans are thirty and forty years old, and paying out or refinancing at a rapid rate.
$36,976
No
No
No
Yes
No
Uncollected
Harry Messner 2024022626
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.