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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
2590-0007
ICR Reference No:
201810-2590-003
Status:
Historical Active
Previous ICR Reference No:
201611-2590-001
Agency/Subagency:
FHFA
Agency Tracking No:
RIN 2590-AA83
Title:
Affordable Housing Program (AHP)
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:
06/28/2019
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/28/2018
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
03/31/2020
36 Months From Approved
03/31/2020
Responses
21,160
0
20,650
Time Burden (Hours)
118,905
0
115,750
Cost Burden (Dollars)
6,351,659
0
5,984,898
Abstract:
The information collection is necessary for the Federal Home Loan Banks to determine, and for the Federal Housing Finance Agency to monitor, whether applicants are eligible to receive Affordable Housing Program (AHP) subsidies and whether their use of AHP subsidies complies with approved applications and statutory and regulatory requirements. The likely respondents are institutions that are Bank members and non-member entities that receive or apply for AHP subsidies through a Bank member.
Authorizing Statute(s):
US Code:
12 USC 1430(j)
Name of Law: Federal Home Loan Bank Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
2590-AA83
Final or interim final rulemaking
83 FR 61186
11/28/2018
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
6
IC Title
Form No.
Form Name
AHP Competitive Applications
Compliance Submissions for Approved Competitive Application Projects at AHP Subsidy Disbursement
Homeownership Set-Aside Program Applications and Certifications
Initial Monitoring Submissions for Approved Competitive Application Projects
Long-Term Monitoring Submissions for Approved Competitive Application Program Projects
Modification Requests for Approved Competitive Application Projects
ICR Summary 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
21,160
20,650
0
119
391
0
Annual Time Burden (Hours)
118,905
115,750
0
1,510
1,645
0
Annual Cost Burden (Dollars)
6,351,659
5,984,898
0
322,234
44,527
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Changing Regulations
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Changing Regulations
Short Statement:
FHFA has increased its estimate as to the total annual average number of burden hours to 118,905 from the 115,750 that were shown in the Supporting Statement submitted in connection with the 2017 renewal of this control number. On balance, FHFA anticipates that the final rule will decrease information collection burdens somewhat on a per-submission basis. Nonetheless, FHFA anticipates that the total burden associated with this information collection will increase slightly due to: (1) an expected increase in the number of AHP competitive applications received by the Banks as a result of some of the revisions that are made by the final rule; and (2) an expected increase in the number of AHP competitive projects and Homeownership Set-Aside direct subsidies approved because of anticipated higher required annual AHP contributions resulting in projected higher Bank incomes. FHFA has increased its estimate as to the annualized costs associated with the burden estimates from $5,984,898 to $6,351,659. This increase arises primarily from the estimated increase in burden hours, but also to a minor extent from slight increases in the national mean hourly wages for the relevant occupational categories. The estimated annual costs incurred by FHFA remain unchanged.
Annual Cost to Federal Government:
$15,200
Does this IC contain surveys, censuses, or employ statistical methods?
No
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.
Yes
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?
Uncollected
Agency Contact:
Eric Raudenbush 202 414-6421 eric.raudenbush@fhfa.gov
Common Form ICR:
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:
(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:
11/28/2018
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