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
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.