Department of the Treasury
Departmental Offices
Application for Grants to States for Low-Income Housing Projects in lieu of Tax Credits
Supporting Statement and Request for Clearance
Circumstances necessitating the collection of information
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.
Use of the data
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.
3. Use of information technology
Applicants will complete a PDF fillable form and return the application via email. Data from applications will be stored electronically.
4. Efforts to identify duplication
The information that will be collected may have some overlap with similar data collected under previously approved information collections for low-income housing tax credits. Where possible, any previously approved collections will be modified prior to the 2009 tax filing season.
5. Impact on small entities
Since this is a voluntary program, we anticipate no impact on small entities.
6. Consequences of less frequent collection and obstacles to burden reduction
Not applicable.
7. Circumstances requiring special information collection
Not applicable.
8. Solicitation of comments on information collection
Treasury published a notice for public comment in the Federal Register on September 11, 2009 (Vol 74, pg 46832). No comments were received.
9. Provision of payments to recordkeepers
Not applicable.
10. Assurance of confidentiality
The information collected will not contain personal identification information.
11. Justification of sensitive questions
Not applicable.
12. Estimated burden of information collection
We anticipate that the number of applicants applying for funds will be 56. It will take approximately 15 minutes to complete the application. The estimated annual burden is 14 hours.
13. Estimated total annual cost burden to respondents
None
14. Estimated cost to the federal government.
There will be no annualized capital/start-up costs for the government to receive this information. However there will be some cost to the Treasury Department to set up the system and capability to conduct analysis on these data.
15. Reasons for change in burden
There are no changes.
16. Plans for tabulation, statistical analysis and publication
The Treasury Department will conduct numerous types of analysis on these data. These analyses will include assessments of the effectiveness of the program (e.g. reach, amounts funded) as well as compliance checks. It is possible that a review/publication may result from these analyses. In addition, this analysis will be made available to the public for transparency.
17. Reasons why displaying the OMB expiration date is inappropriate
Display of the OMB expiration date will create confusion because this program has a limited duration.
18. Exceptions to certification requirement of OMB Form 83-I
Regarding this request for OMB approval, there are no exceptions to the certification statement in item 19 of Form 83-I.
| File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
| File Title | Department of the Treasury, Departmental Offices |
| Author | reeseci |
| File Modified | 0000-00-00 |
| File Created | 2021-02-03 |