Direct Single Family Housing Loan and Grant Programs, 7 CFR 3550 - HB-1-3550, and HB-2-3550
Revision of a currently approved collection
No
Regular
Approved without change
03/31/2015
11/26/2013
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
03/31/2018
36 Months From Approved
03/31/2015
1,318,808
0
1,580,753
366,931
0
612,076
0
0
0
The information collected in this package will be to assist individuals in obtaining affordable housing. The information requested by RHS is vital to be able to process applications for RHS assistance and make prudent credit and program decisions. It includes borrowerÂs financial information such as household income, assets and liabilities and monthly expenses. Without this information the Agency would be unable to determine if a borrower would qualify for services or if assistance has been granted to which the customer would not be eligible under current regulations and statutes.
This package contains 366,931 hours. The current OMB inventory for this docket is 612,076 hours for a reduction in overall burden to the public of 245,145 hours from our last submission. This reduction is attributed to the reduced appropriations for Section 502 Direct Program.
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.