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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:
202212-2590-001
Status:
Active
Previous ICR Reference No:
201810-2590-003
Agency/Subagency:
FHFA
Agency Tracking No:
2022-N-16
Title:
Affordable Housing Program (AHP)
Type of Information Collection:
Reinstatement with change of a previously approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
04/12/2023
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/08/2022
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
04/30/2026
36 Months From Approved
Responses
15,476
0
0
Time Burden (Hours)
92,599
0
0
Cost Burden (Dollars)
6,011,990
0
0
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:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
87 FR 48023
08/05/2022
30-day Notice:
Federal Register Citation:
Citation Date:
87 FR 75251
12/08/2022
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
15,476
0
0
0
-5,684
21,160
Annual Time Burden (Hours)
92,599
0
0
0
-26,306
118,905
Annual Cost Burden (Dollars)
6,011,990
0
0
0
-339,669
6,351,659
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
FHFA has decreased the estimated total annual burden hours to 92,599 from the 118,905 hours that were shown in the Supporting Statement submitted in connection with the 2018 renewal of this information collection. The decrease is attributable to reductions in the amount of funds available for both competitive and non-competitive AHP awards during the review period. For example, the amount of funds available for AHP awards in 2022 is 36 percent less than the amount awarded in 2021. The amount of AHP funds available in 2023 is projected to be 47 percent less than the amount awarded in 2021. As a result, the estimated number of competitive and non-competitive AHP awards were reduced to reflect the reductions in the amount of funds available for AHP awards (under item #12, collection II., Compliance Submissions for Approved Competitive Application Projects at AHP Subsidy Disbursement and collection VI., Homeownership Set-aside Program Applications and Certifications.) The reduction in the estimated total annual burden hours is also attributed to the implementation of regulatory revisions in 2021 that streamlined the initial and long-term monitoring requirements for rental projects. The implementation of these streamlining requirements has reduced the burden associated with preparing and submitting documentation required to monitor rental projects (under item #12, collection IV., Initial Monitoring Submissions for Approved Competitive Application Projects and collection V., Long-Term Monitoring Submissions for Approved Competitive Application Projects.)
Annual Cost to Federal Government:
$18,240
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?
No
Agency Contact:
Angella Supervielle 202 649-3973 angella.supervielle@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:
12/08/2022
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