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View ICR - OIRA Conclusion

OMB Control No: 2502-0108	ICR Reference No: 202212-2502-003
Status: Active	Previous ICR Reference No: 201702-2502-002
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Multifamily Project Monthly Accounting Reports
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 03/11/2025
	Date Received in OIRA: 10/20/2023
Terms of Clearance: The agency made modifications to the Supporting Statement A to provide greater clarity regarding the monthly reports covered under this collection, update its discussion of electronic submission capabilities, and correct its burden estimates. The agency also uploaded new supplementary documents.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2028	36 Months From Approved
Responses	58,968	0	0
Time Burden (Hours)	5,898	0	0
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	58,968	-381,024	439,992
Annual Time Burden (Hours)	5,898	-29,301	35,199
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a reinstatement, with change, of previously approved collection for which approval has expired. HUD accepts owners’ electronic submissions of reports generated by their own financial systems in lieu of approved forms. Owners are not required to transfer their electronic files into the forms provided by HUD, although the forms continue to be available for those without automated means to generate the information. Owners submit reports generated by their electronic financial systems, or their paper records, either by email or postal service. Selected project owners are required to submit monthly accounting reports as stated in Supporting Statement #2. HUD estimates this amount to an estimated 20% of the total portfolio. The difference in number of respondents represents fluctuation created by loan payoffs during the period, and new loan commitments received during the period.

Annual Cost to Federal Government: $224,035

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Harry Messner 202 402-2626

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