Notice2023-10529
60-Day Notice of Proposed Information Collection: Survey of Market Absorption of New Multifamily Units; OMB Control No.: 2528-0013
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 17, 2023
Issuing agencies
Housing and Urban Development Department
Abstract
HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment.
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 95 (Wednesday, May 17, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 95 (Wednesday, May 17, 2023)]
[Notices]
[Pages 31515-31516]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-10529]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7075-N-06]
60-Day Notice of Proposed Information Collection: Survey of
Market Absorption of New Multifamily Units; OMB Control No.: 2528-0013
AGENCY: Office of Policy Development and Research, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: HUD is seeking approval from the Office of Management and
Budget (OMB) for the information collection described below. In
accordance with the Paperwork Reduction Act, HUD is requesting comment
from all interested parties on the proposed collection of information.
The purpose of this notice is to allow for 60 days of public comment.
DATES: Comments Due Date: July 17, 2023.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Written comments and recommendations for the proposed
information collection can be submitted within 60 days of publication
of this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this
particular information collection by selecting, ``Currently under 60-
day Review--Open for Public Comments'' or by using the search function.
Interested persons are also invited to submit comments regarding this
proposal by name and/or OMB Control Number and can be sent to: Anna
Guido, Reports Management Officer, REE, Department of Housing and Urban
Development, 451 7th Street SW, Room 8210, Washington, DC 20410-5000 or
email at <a href="/cdn-cgi/l/email-protection#fcac9d8c998e8b938e97ae9998899f88959392bd9f88b39a9a959f99bc948998d29b938a"><span class="__cf_email__" data-cfemail="fdad9c8d988f8a928f96af9899889e89949293bc9e89b29b9b949e98bd958899d39a928b">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Anna Guido, Reports Management
Officer, Department of Housing and Urban Development, 451 7th Street
SW, Washington, DC 20410; email Anna Guido at <a href="/cdn-cgi/l/email-protection#23624d4d420d730d64564a474c634b56470d444c55"><span class="__cf_email__" data-cfemail="266748484708760861534f4249664e534208414950">[email protected]</span></a>,
telephone 202-402-5535 (this is not a toll-free number). HUD welcomes
and is prepared to receive calls from individuals who are deaf or hard
of hearing, as well as individuals with speech or communication
disabilities. To learn more about how to make an accessible telephone
call, please visit <a href="https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs">https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs</a>.
Copies of available documents submitted to OMB may be obtained from
Ms. Guido.
SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is
seeking approval from OMB for the information collection described in
section A.
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: Extension without change to a currently approved
collection.
Form Number: N/A.
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 12 months following
completion of a building. The data are collected at quarterly intervals
until the 12 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.
Members of 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 x 30
minutes).
Estimated Total Annual Cost: The only cost to respondents is that
of their time. The total estimated cost to HUD in FY 2023 is
$1,940,000.
Legal Authority: The survey is conducted under title 12, United
States Code, section 1701z.
[[Page 31516]]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Number of Frequency of Responses per Burden hour per Annual burden Hourly cost per
Information collection respondents response annum response hours response Cost
--------------------------------------------------------------------------------------------------------------------------------------------------------
SOMA...................... 12,000 4 48,000 .125 (30 minutes total 6,000 $40.51 $243,060
divided by four
interviews).
--------------------------------------------------------------------------------------------------------------------------------------------------------
Respondent's Obligation: Participation is voluntary.
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 comments in response to
these questions.
C. Authority
Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C.
3507.
Todd M. Richardson,
General Deputy Assistant Secretary for Policy, Development and
Research.
[FR Doc. 2023-10529 Filed 5-16-23; 8:45 am]
BILLING CODE 4210-67-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on May 17, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.