HUD Multifamily Rental Project Closing Documents

Forms and Documents

Document Name	Status
30 Day 2502-0589.pdf Supplementary Document	2021-02-26
2502-0598 - Supporting Statement A (Final).docx Supporting Statement A	2020-09-15
2502-0598 - Laws and Regs.pdf Supplementary Document	2020-08-21

IC Document Collections

IC ID	Document Title	Status
195722	HUD Multifamily Closing Documents Other-Forms and Instructions	Modified

ICR Details

OMB Control No: 2502-0598	ICR Reference No: 202008-2502-008
Status: Received in OIRA	Previous ICR Reference No: 201711-2502-001
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: HUD Multifamily Rental Project Closing Documents
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 03/01/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	09/30/2021
Responses	17,468	625,512
Time Burden (Hours)	14,287	13,885
Cost Burden (Dollars)	0	0

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Abstract: HUD is seeking to ammend certain Federal Housing Administration(FHA)forms to reflect current HUD policy in the area of multifamily rental projects.

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Authorizing Statute(s): US Code: 42 USC 3535(d) Name of Law: null
   US Code: 12 USC 1702-1715z-21 Name of Law: null
  

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:
	85 FR 29736	05/18/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 63570	10/08/2020
Did the Agency receive public comments on this ICR? Yes

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

IC Title	Form No.	Form Name
HUD Multifamily Closing Documents	HUD-92420M	Subordination Agreement - Public

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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	17,468	625,512	0	-608,044	0	0
Annual Time Burden (Hours)	14,287	13,885	0	402	0	0
Annual Cost Burden (Dollars)	0	0	0	0	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: No

Burden Reduction Due to:

Short Statement: This is a revision of a currently approved collection. The current collection has been revised with changes to one form (HUD-92420M) and which increases the burden hours and cost by 1.0 hour as reported in line 13 and 14 of the OMB Form 83-I. The increase in burden hours reported in Item 13 is needed to account for a legal opinion that must be submitted to support state or local laws or requests for substantive changes.

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Annual Cost to Federal Government: $708,128

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? Yes

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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: 03/01/2021

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