The Department of Housing and Urban Development (HUD) has asked for public comments on a proposed information collection, aiming to give the public an extra 30 days to review. This request is about gathering data from project owners who want to withdraw funds from certain reserve or receipt accounts. The collected data will be used by HUD and lenders to ensure the funds are used correctly. People and organizations are encouraged to comment on whether this information collection is necessary and how it might be improved or made more efficient.
Simple Explanation
HUD wants to make sure money from a special piggy bank can only be used for the right things and is asking for people's thoughts on how to do this better. They are giving everyone an extra month to share their ideas.