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View ICR - OIRA Conclusion

OMB Control No: 1505-0269	ICR Reference No: 202204-1505-003
Status: Historical Active	Previous ICR Reference No: 202202-1505-003
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Homeowner Assistance Fund
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Emergency	Approval Requested By: 05/04/2022
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/06/2022
Retrieve Notice of Action (NOA)	Date Received in OIRA: 05/04/2022
Terms of Clearance: In response to the emergency request memorandum submitted by the Treasury on 5/4/2022, OIRA is approving the Treasury's request for emergency consideration of OMB control # 1505-0269 for a period of 3 months. Prior to the expiration of this package in 3 months, Treasury shall undertake standard notice and comment procedures.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2022	6 Months From Approved	05/31/2022
Responses	5,465	0	4,557
Time Burden (Hours)	7,590	0	4,070
Cost Burden (Dollars)	0	0	0

Abstract: On March 11, 2021, the President signed the American Rescue Plan Act of 2021 (the “Act”), Pub. L. No. 117-2. Title III, Subtitle B, Section 3206 of the Act established the Homeowner Assistance Fund and provides $9.961 billion for the U.S. Department of the Treasury (Treasury) to make payments to States (defined to include the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, Northern Mariana Islands, and American Samoa), Indian tribes or tribally designated housing entities, as applicable, and the Department of Hawaiian Home Lands (collectively the “eligible entities”) to mitigate financial hardships associated with the coronavirus pandemic, including for the purposes of preventing homeowner mortgage delinquencies, defaults, foreclosures, loss of utilities or home energy services, and displacements of homeowners experiencing financial hardship after January 21, 2020, through qualified expenses related to mortgages and housing. Section 3206(c)(1) requires the eligible entities to use the funds for the purpose of preventing homeowner mortgage delinquencies, defaults, foreclosures, loss of utilities or home energy services, and displacements of homeowners experiencing financial hardship after January 21, 2020, through qualified expenses related to mortgages and housing. Section 3206(e)(1) provides that not later than 45 days after March 11, 2021, the Secretary shall pay each eligible entity. Treasury intends to begin making payments as soon as possible given the urgent need for the funds being disbursed.

Emergency Justfication: See Emergency Justification title "1505-0269_HAF Emergency Justifcation Memo_0422222_signed" in the ROCIS supplemental documents section

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	5,465	4,557	1,503	-595
Annual Time Burden (Hours)	7,590	4,070	4,710	-1,190
Annual Cost Burden (Dollars)	0	0	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: No

Burden Reduction Due to:

Short Statement: The changes since the previous approval include the burden increases of 908 hours associated with performing compliance reporting, including the Quarterly Report and Annual Performance Report. Please note, the Interim Report hours have been corrected from the previous submission since not all HAF participants needed to submit an Interim Report.

Annual Cost to Federal Government: $5,174,668

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. 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

Agency Contact: Molly Stasko 202 622-8922 molly.stasko@treasury.gov