Office of the Chief Information Officer, HUD.
HUD has submitted the proposed information collection requirement described below to the Office of Management and Budget (OMB) for review, in accordance with the Paperwork Reduction Act. The purpose of this notice is to allow for an additional 30 days of public comment.
Comments Due Date: February 24, 2014.
Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB Control Number and should be sent to: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; fax: 202-395-5806. Email: OIRA_Submission@omb.eop.gov.
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FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410; email Colette Pollard at Colette.Pollard@hud.gov or telephone 202-402-3400. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Relay Service at (800) 877-8339. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Ms. Pollard.
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This notice informs the public that HUD has submitted to OMB a request for approval of the information collection described in Section A. The Federal Register notice that solicited public comment on the information collection for a period of 60 days was published on October 3, 2013.
A. Overview of Information Collection
Title of Information Collection: Survey of Market Absorption of New Multifamily Units.
OMB Approval Number: 2528-0013.
Type of Request: Revision of a currently approved collection.
Form Number: H-31.
Description of the need for the information and proposed use: The Survey of Market Absorption (SOMA) provides the data necessary to measure the rate at which new rental apartments and new condominium apartments are absorbed; that is, taken off the market, usually by being rented or sold, over the course of the first twelve months following completion of a building. The data are collected at quarterly intervals until the twelve months conclude, or until the units in a building are completely absorbed. The survey also provides estimates of certain characteristics, including asking rent/price, number of units, and number of bedrooms. The survey provides a basis for analyzing the degree to which new apartment construction is meeting the present and future needs of the public. Beginning April 2014 the survey will transition from paper questionnaire to Start Printed Page 3849Computer-Assisted Personal Interviewing (CAPI).
Respondents (i.e. affected public): Rental Agents/Builders.
Estimated Number of Respondents: 12,000 yearly (maximum).
Estimated Time per Response: 15 minutes/initial interview and 5 minutes for any subsequent interviews (up to three additional, if necessary).
Frequency of Response: Four times (maximum).
Estimated Total Annual Burden Hours: 6,000 (12,000 buildings × 30 minutes).
Estimated Total Annual Cost: The only cost to respondents is that of their time. The total estimated cost in FY 2014 is $1,750,000.
Respondent's Obligation: Voluntary.
Legal Authority: The survey is taken under Title 12, United States Code, Section 1701Z.
B. Solicitation of Public Comment
This notice is soliciting comments from members of the public and affected parties concerning the collection of information described in Section A on the following: (1) 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) The accuracy of the agency's estimate of the burden of the proposed collection of information; (3) Ways to enhance the quality, utility, and clarity of the information to be collected; and (4) Ways to 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. HUD encourages interested parties to submit comment in response to these questions.
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Dated: January 16, 2014.
Department Reports Management Officer, Office of the Chief Information Officer.
[FR Doc. 2014-01355 Filed 1-22-14; 8:45 am]
BILLING CODE 4210-67-P