The information collection is
necessary for the Federal Home Loan Banks and the Federal Housing
Finance Board to determine whether applicants are eligible to
receive Affordable Housing Program (AHP) subsidies and whether use
of AHP subsidies complies with approved applications and statutory
and regulatory requirements.
US Code:
12
USC 1430(j) Name of Law: Federal Home Loan Bank Act
The estimated annual number of
respondents and the annual reporting and recordkeeping hour burden
have changed because demand for downpayment/closing cost assistance
by households residing in the United States has resulted in an
increase in the number of homeownershp applications from 2,400 to
8,000.
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.