2017 Rental Housing Finance Survey (RHFS)

Forms and Documents

Document Name	Status
2018 RHFS Supporting Statement Part B_Final.docx Supporting Statement B	2018-04-13
2018 RHFS Supporting Statement Part A_ 2528-0276Final.docx Supporting Statement A	2018-04-13
Rental Housing Finance Survey 60-Day Notice.pdf Supplementary Document	2017-10-25

IC Document Collections

IC ID	Document Title	Status
229530	Rental Properties Other-Internet Instrument	New
197155	Rental Housing Finance Survey (RHFS) Other-Web-based survey	Removed

ICR Details

OMB Control No: 2528-0276	ICR Reference No: 201710-2528-001
Status: Active	Previous ICR Reference No: 201410-2528-002
Agency/Subagency: HUD/PD&R	Agency Tracking No:
Title: 2017 Rental Housing Finance Survey (RHFS)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 04/13/2018
	Date Received in OIRA: 12/22/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2021	36 Months From Approved	04/30/2018
Responses	10,000	0	45,207
Time Burden (Hours)	10,000	0	9,447
Cost Burden (Dollars)	337,900	0	0

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Abstract: The Rental Housing Finance Survey (RHFS) provides a measure of financial, mortgage, and property characteristics of rental housing properties in the United States. RHFS focuses on mortgage financing of rental housing properties, with emphasis on new originations for purchase-money mortgages and refinancing, and the characteristics of these new 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, the rental housing portion of the 2001 Residential Finance Survey, the 2012 Rental Housing Finance Survey, and the 2015 Rental Housing Finance Survey. This survey does not duplicate work done in other existent HUD surveys or studies that deal with rental units financing. 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 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 source of information on the rental housing finance characteristics of rental properties. 2. HUD needs this information to gain a better understanding of the mortgage finance characteristics of the rental housing stock in the United States to evaluate, monitor, and design HUD programs.

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Authorizing Statute(s): US Code: 12 USC Title 12 Name of Law: Sections 1701z-1, 1701z-2(g), and 1701z-10a
   US Code: 13 USC Title 13 Name of Law: Section 8b
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 48844	10/20/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 60757	12/22/2017
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Rental Housing Finance Survey (RHFS)
Rental Properties

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	10,000	45,207	0	-35,207	0	0
Annual Time Burden (Hours)	10,000	9,447	0	553	0	0
Annual Cost Burden (Dollars)	337,900	0	0	337,900	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The overall burden has increased slightly from the 2015 RHFS. The primary reason the overall burden increased slightly from 2015 RHFS is because the 2018 RHFS sample size is larger than the 2015 RHFS. Although the overall burden increased, it is important to note that HUD and Census are making two changes to the 2018 RHFS to help reduce burden. First, the use of the AHS frame is expected to reduce the number of ineligible properties. Second, the Census Bureau will conduct a property address matching operation with administrative records and conducting Internet research to obtain contact information for the owner or manager of the rental property prior to data collection. The Census Bureau does not anticipate having to contact any tenants. Finally, the 2018 RHFS questionnaire does not contain significant changes from the 2015 version, so there is no expected net increase in burden resulting from new questions.

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Annual Cost to Federal Government: $5,800,000

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

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? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/22/2017

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