The Comprehensive Needs Assessment is a description of current and future resources and needs of certain multifamily housing projects. Owners and non-profit entities submit the information.
PL:
Pub.L. 103 - 233 531
Name of Law: Multifamily Housing Property Disposition Reform Act of 1994
A Capital Needs Assessment is a detailed review of a propertyâs expected capital expenditures over future years. It is needed to appropriately value a project/property, to determine financial sustainability, and to plan for funding of an escrow account to be used for capital repair and replacement needs during the estimate period. It is used by external parties, and HUD for valuation, underwriting, and asset management purposes.
$8,222
No
No
No
No
No
No
No
Harry Messner 2024022626
Reginfo record details
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.