Application for Grants to States for Low-Income Housing Projects in lieu of Tax Credits

ICR 200904-1505-002

OMB: 1505-0218

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2009-04-20
ICR Details
1505-0218 200904-1505-002
Historical Active
TREAS/DO
Application for Grants to States for Low-Income Housing Projects in lieu of Tax Credits
New collection (Request for a new OMB Control Number)   No
Emergency 04/27/2009
Approved without change 04/27/2009
Retrieve Notice of Action (NOA) 04/20/2009
OMB approves the PRA request with emergency clearance to meet American Reinvestment and Recovery Act requirements. This collection will be valid for six months. If Treasury decides to continue use of the collection past the approved emergency request clearance time period, it must resubmit to OMB under the normal PRA clearance process for a three-year approval.
  Inventory as of this Action Requested Previously Approved
10/31/2009 6 Months From Approved
56 0 0
14 0 0
0 0 0

Authorized under the American Recovery and Reinvestment Act (ARRA), hereafter Recovery Act of 2009 (Public Law 111-5), the Department of the Treasury is implementing several provisions of the Act, more specifically Division B – Tax, Unemployment, Health, State Fiscal Relief, and Other Provisions. Among these components is a program which requires Treasury to make payments, in lieu of a tax credit, to state housing credit agencies. State housing credit agencies use the funds to make subawards to finance the construction or acquisition and rehabilitation of qualified low-income buildings. The collection of information is necessary to properly identify recipients and determine the appropriate amount of funding. The information will be used to (1) identify eligible recipients; (2)determine the appropriate amount of funding; (3) ensure compliance with applicable laws; and (4) report on the effectiveness of the program.
The Department of the Treasury (Treasury) requests emergency processing and approval of the collection of information. The collection of information is needed to fulfill Treasury’s responsibilities under the American Recovery and Reinvestment Act (ARRA), Public Law 111-5. Due to the immediacy of the need for this collection, Treasury requests this request be given emergency consideration.

PL: Pub.L. 111 - 5 B Name of Law: American Recovery and Reinvestment Act of 2009
  
PL: Pub.L. 111 - 5 B Name of Law: American Recovery and Reinvestment Act of 2009

Not associated with rulemaking

No

1
IC Title Form No. Form Name
Application for Grants to States for Low-Income Housing Projects in lieu of Tax Credits

  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 56 0 56 0 0 0
Annual Time Burden (Hours) 14 0 14 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
This is a new collection.

No
No
Uncollected
Uncollected
Yes
Uncollected
Ellen Neubaur 2029279622

  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:
 
 
 
 
 
 
 
    (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.
04/20/2009


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