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.
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.