Monthly Report of Excess Income and Annual Report of Uses of Excess Income

ICR 201607-2502-002

OMB: 2502-0086

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2016-12-23
Supplementary Document
2016-12-22
Supplementary Document
2016-12-22
Supplementary Document
2016-12-22
Supplementary Document
2016-12-22
Supporting Statement A
2016-12-22
IC Document Collections
ICR Details
2502-0086 201607-2502-002
Historical Active 201305-2502-008
HUD/OH
Monthly Report of Excess Income and Annual Report of Uses of Excess Income
Extension without change of a currently approved collection   No
Regular
Approved without change 02/21/2017
Retrieve Notice of Action (NOA) 12/23/2016
  Inventory as of this Action Requested Previously Approved
02/29/2020 36 Months From Approved 02/28/2017
10,387 0 10,842
2,997 0 3,128
0 0 0

Project owners are permitted to retain Excess Income for projects under terms and conditions established by HUD. Owners must submit a written request to retain some or all their Excess Income. The request must be submitted at least 90 days before the beginning of each fiscal year, or 90 days before any other time during a fiscal year that the owner plans to begin retaining excess income for that fiscal year.

US Code: 42 USC 3543 Name of Law: The Housing and Community Development Act of 1987
   US Code: 12 USC 1715z-1 Name of Law: Rental Housing Projects
  
None

Not associated with rulemaking

  81 FR 54586 08/16/2016
81 FR 94399 12/23/2016
No

1
IC Title Form No. Form Name
Monthly Report of Excess Income and Annual Report of Uses of Excess Income

  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 10,387 10,842 0 0 -455 0
Annual Time Burden (Hours) 2,997 3,128 0 0 -131 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
This is an extension of a currently approved collection. It has come to the attention of the respondent that a currently active program known as “decoupling”, which involves the sale and refinancing of Section 236 properties continues to require the collection of Monthly Report of Excess Income and Annual Report of Uses of Excess Income. These properties continue to be considered “236” projects for reporting purposes. Consequently, their numbers have been incorporated into this Paperwork Reduction Act Submission.

$353,470
No
No
No
Yes
No
Uncollected
Harry Messner 2024022626

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
12/23/2016


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