Multifamily Project Monthly Accounting Reports

Forms and Documents

Document Name	Status
Form HUD-93480 Multifamily Project Monthly Accounting Reports Form and Instruction	Modified
2502-0108 30 day FR.pdf Supplementary Document	2023-10-20
2502-0108 - Supporting Statement (f).docx Supporting Statement A	2023-09-26

IC Document Collections

IC ID	Document Title	Status
27034	Multifamily Project Monthly Accounting Reports Form and Instruction	Modified

ICR Details

OMB Control No: 2502-0108	ICR Reference No: 202212-2502-003
Status: Received in OIRA	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	Date Submitted to OIRA: 10/20/2023

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	1,638	0
Time Burden (Hours)	4,719	0
Cost Burden (Dollars)	0	0

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Abstract: This information is necessary to access the need for remedial actions to correct project deficiencies or head off potential default of a project mortgage. HUD monitors compliance with contractual agreements and analyzes cash flow trends as well as occupancy and rent collection levels.

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Authorizing Statute(s): None

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:
	87 FR 69290	11/18/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 72527	10/20/2023
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
Multifamily Project Monthly Accounting Reports	93481, HUD-93479, HUD-93480	Schedule of Disbursements - Schedule B ,   Monthly Report for Establishing Net Income - Schedule A ,   Schedule of Accounts Payable/Schedule C

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ICR Summary of Burden

	Total Request	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	1,638	0	0	0	-438,354	439,992
Annual Time Burden (Hours)	4,719	0	0	0	-30,480	35,199
Annual Cost Burden (Dollars)	0	0	0	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.

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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

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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: 10/20/2023

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