2021 Rental Housing Finance Survey (RHFS)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
30-Day Notice RHFS.pdf	Supplementary Document	Uploaded 2020-12-18	Repair queued
(final) 2021 RHFS Supporting Statement Part B.docx	Supporting Statement B	Uploaded 2020-12-14	Repair queued
(final) 2021 RHFS Reminder Letter.docx	Supplementary Document	Uploaded 2020-12-14	Repair queued
(final) 2021 RHFS Initial Letter.docx	Supplementary Document	Uploaded 2020-12-14	Repair queued
60-day Notice.pdf	Supplementary Document	Uploaded 2020-12-14	Repair queued
Final - OMB 2528 -0276 - 2021 RHFS Supporting Statement Part A.docx	Supporting Statement A	Uploaded 2020-12-14	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
244920	Rental Properties	Other-Rental Properties	New
229530	Rental Properties	Other-Internet Instrument	Removed

ICR Details

OMB Control No: 2528-0276	ICR Reference No: 202012-2528-005
Status: Historical Active	Previous ICR Reference No: 201710-2528-001
Agency/Subagency: HUD/PD&R	Agency Tracking No:
Title: 2021 Rental Housing Finance Survey (RHFS)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/28/2021
Retrieve Notice of Action (NOA)	Date Received in OIRA: 01/28/2021
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2024	36 Months From Approved	04/30/2021
Responses	10,000	0	10,000
Time Burden (Hours)	10,000	0	10,000
Cost Burden (Dollars)	0	0	337,900

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Abstract: The U.S. Department of Housing and Urban Development (HUD) requests clearance for the proposed questions to be used on the 2021 Rental Housing Finance Survey (RHFS). Data collection will occur between June 24, 2021 and November 30, 2021. Estimates derived from the RHFS sample will help public and private stakeholders better understand the financing, operating costs, and property characteristics of the rental housing stock in the United States. Many of the questions are similar to those found on the 1995 Property Owners and Managers Survey, the rental housing portion of the 2001 Residential Finance Survey, and the 2012, 2015, and 2018 RHFS. Title 12, United States Code, Sections 1701z-1, 1701z-2(g), and 1701z-10a provide authority to collect this information. Title 13, U.S.C., Section 8b provides the U.S. Census Bureau authority to collect this information for HUD. The collected data will be protected by the confidentiality provisions of Title 13, U.S.C., Section 9. The 2021 RHFS questionnaire content is substantially similar to the 2018 RHFS questionnaire, with the following four exceptions: a. Addition of one question about capital reserves: This question will allow HUD to understand the amount of capital reserves for the rental property. HUD’s primary motivation for this question was to better understand the financial health of rental properties. b. Addition of one question about acceptance of Housing Choice Vouchers: This question will allow HUD to understand if rental properties without tenants with Housing Choice Vouchers are explicitly choosing not to accept Housing Choice Vouchers. HUD’s primary motivation for this question was to better understand the potential supply of rental units willing to accept Housing Choice Vouchers. c. Removal of question about federally-back mortgages: HUD removed a question about whether mortgages were guaranteed or securitized by the federal government. HUD internal analysis revealed these questions were not yielding accurate data. d. Removal of questions about mortgage interest rates: HUD removed a short series of questions about mortgage interest rate details. HUD internal analysis revealed respondents often did not know the answers to these questions.

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Authorizing Statute(s): US Code: 12 USC Title 12 Name of Law: Sections 1701z-1, 1701z-2(g), and 1701z-10a
   US Code: 13 USC Title 13 Name of Law: Section 8b
  

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 34458	06/04/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 82499	12/18/2020
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Rental Properties
Rental Properties

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ICR Summary of Burden

table that charts list of burden

	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	10,000	10,000	0	0	0	0
Annual Time Burden (Hours)	10,000	10,000	0	0	0	0
Annual Cost Burden (Dollars)	0	337,900	0	-337,900	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The RHFS is conducted every three years. Less frequent enumerations would impair HUD’s ability to monitor GSE goal compliance on a timely basis. It would also reduce the HUD’s ability to detect changes in severe housing needs. Without this ability, the Administration and Congress would be less able to formulate policy on rental housing finance and rental assistance.

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Annual Cost to Federal Government: $6,000,000

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

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? No

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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: 01/28/2021

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