30-Day Notice of Proposed Information Collection: Survey of Market Absorption of New Multifamily Units (SOMA); OMB #2528-0013

Federal Register, Volume 85 Issue 2 (Friday, January 3, 2020)
[Federal Register Volume 85, Number 2 (Friday, January 3, 2020)]
[Pages 329-330]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-28425]
[Docket No. FR-7011-N-60]
30-Day Notice of Proposed Information Collection: Survey of
Market Absorption of New Multifamily Units (SOMA); OMB #2528-0013
AGENCY: Office of the Chief Information Officer, 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 30 days of public comment.
DATES: Comments Due Date: February 3, 2020.
ADDRESSES: 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 [email protected].
FOR FURTHER INFORMATION CONTACT: Anna P. Guido, Reports Management
Officer, QMAC, Department of Housing and Urban Development, 451 7th
Street SW, Washington, DC 20410; email Anna P. Guido at
[email protected] or telephone 202-402-5535. This is not a toll-free
number. Person with hearing or speech impairments may access this
number through TTY by calling the toll-free Federal Relay Service at
(800) 877-8339. 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.
    The Federal Register notice that solicited public comment on the
information collection for a period of 60 days was published on Friday,
November 8, 2019 at 84 FR 60404.
A. Overview of Information Collection
    Title of Information Collection: Survey of Market Absorption of New
Multifamily Units (SOMA).
    OMB Approval Number: 2528-0013.
    Type of Request: Revision.
                                      Number of       Frequency of    Responses per   Burden hour per   Annual burden   Hourly cost per
      Information collection         respondents        response          annum           response          hours           response       Annual cost
SOMA.............................       12,000.00             4.00        48,000.00           * .125         6,000.00           $36.75      $220,500.00
* (30 minutes' total divided by 4 interviews).
[[Page 330]]
    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 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.
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
    Authority: Section 3507 of the Paperwork Reduction Act of 1995,
44 U.S.C. chapter 35.
     Dated: December 19, 2019.
Anna P. Guido,
Department Reports Management Officer, Office of the Chief Information
[FR Doc. 2019-28425 Filed 1-2-20; 8:45 am]