Tax Credit Assistance Program (TCAP)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form HUD 40099 TCAP IDIS Access Requiest Form	Form and Instruction	New	Available
Form HUD 40092 TCAP Grant Agreement	Form and Instruction	New	Available
Form SF 1199a Direct Deposit Sign-up Form	Form and Instruction	New	Available
Form SF 424 Application for Federal Assistance	Form and Instruction	New	Available
ICR 2506-TCAP.docx	Supporting Statement A	Uploaded 2009-03-26	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
188526	Tax Credit Assistance Program (TCAP)	Form and Instruction	New	TCAP IDIS Access Requiest Form
188526	Tax Credit Assistance Program (TCAP)	Form and Instruction	New	TCAP Grant Agreement
188526	Tax Credit Assistance Program (TCAP)	Form and Instruction	New	Direct Deposit Sign-up Form
188526	Tax Credit Assistance Program (TCAP)	Form and Instruction	New	Application for Federal Assistance

ICR Details

OMB Control No: 2506-0181	ICR Reference No: 200903-2506-002
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: HUD/CPD	Agency Tracking No:
Title: Tax Credit Assistance Program (TCAP)
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 04/02/2009
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/07/2009
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/26/2009
Terms of Clearance: This collection is approved with the following terms of clearance: HUD is approved an emergency clearance for the collection to meet the American Reinvestment Recovery Act requirements. This collection will be valid for 180 days. If HUD decides to continue use of the form past the approved emergency clearance time period, they must resubmit to OMB under the normal PRA clearance process for a three year approval

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2009	6 Months From Approved
Responses	2,496	0	0
Time Burden (Hours)	11,669	0	0
Cost Burden (Dollars)	0	0	0

---

Abstract: This information describes the submission, reporting, and recordkeeping requirements of the Tax Credit Assistance Program (TCAP) The data required includes program level, project level and beneficiary level information collected and reported on by TCAP grantees. The data identifies who benefits from the TCAP program and how statutory requirements are satisfied. The respondents are State housing credit agencies.

Emergency Justfication: U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, D.C. 20410-7000 OFFICE OF THE ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND DEVELOPMENT Ms. Kimberly P. Nelson OMB Desk Officer Office of Management and Budget New Executive Office Building Washington, DC 20503 Dear Ms. Nelson: The Department is seeking emergency review of the Paperwork Reduction Act requirements associated with the Tax Credit Assistance Program (TCAP). The Notice of Submission of Proposed Information Collection to OMB; Emergency Comment Request (copy enclosed) proposed for immediate Federal Register publication explains the burden of the collection requirements and invites public comments on them. This is a new information collection. In compliance with the requirements of 5 CFR 1320.13, this letter requests emergency processing within 7 days from the date of publication. This emergency processing is essential to expedite the TCAP program, which is authorized under the American Recovery and Reinvestment Act (Recovery Act) of 2009 (Public Law 111-5, Section 2, Division A, Title XII of the Recovery Act, entitled “HOME Investment Partnerships Program”) signed into law by President Obama on February 17, 2009. This new law provides $2.25 billion of grant funding for capital investment in Low Income Housing Tax Credit (LIHTC) projects, which cannot move forward because the current economic crisis has reduced the private capital available to them. HUD will administer these funds as the Tax Credit Assistance Program (TCAP). TCAP grant amounts will be determined by a formula established in the Recovery Act and will be awarded by HUD to the housing credit allocating agencies of each state, the District of Columbia and the Commonwealth of Puerto Rico. Pursuant to the Recovery Act, each grantee must commit seventy-five percent of its TCAP funds to projects by February 16, 2010, by entering into legally binding agreements with the project owners. In addition, each grantee must expend seventy-five percent of its grant for eligible projects by February 16, 2011 and 100 percent of its grant by February 16, 2012. Any assistance provided to an eligible low income housing tax credit project under this provision shall be made in the same manner and subject to the same limitations as required under section 42 of the Internal Revenue Code. However, these funds constitute federal financial assistance and thus are subject to certain additional federal grant compliance requirements, including section 504 of the Rehabilitation Act of 1973 and the Lead Safe Housing Rule under 24 CFR Part 35. Due to the high priority nature of the programs authorized under the Recovery Act and the statutory timeframes of the TCAP, HUD is requesting emergency processing of the attached Paperwork Reduction Act Submission. Thank you for your consideration and assistance. Sincerely, Nelson R. Bregón General Deputy Assistant Secretary Enclosure

---

Authorizing Statute(s): PL: Pub.L. 111 - 5 2, Division A Name of Law: American Recovery and Reinvestment Act of 2009
  

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

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Tax Credit Assistance Program (TCAP)	HUD 40099, HUD 40092, SF 424, SF 1199a	Application for Federal Assistance ,   Direct Deposit Sign-up Form ,   TCAP Grant Agreement ,   TCAP IDIS Access Requiest Form

---

ICR Summary of Burden

table that charts list 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	2,496	0	0	2,496	0	0
Annual Time Burden (Hours)	11,669	0	0	11,669	0	0
Annual Cost Burden (Dollars)	0	0	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: This is a new collection based on the $2.25 billion awarded to state housing credit allocating agencies under the Tax Credit Assistance Program (TCAP), which was authorized by the American Recovery and Reinvestment Act (Recovery Act) of 2009 (Public Law 111-5, Section 2, Division A, Title XII of the Recovery Act, entitled “HOME Investment Partnerships Program”).

---

Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Yes

Is this ICR related to the Pandemic Response? Uncollected

---

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: 03/26/2009

---