Affordable Housing Program (AHP)

Forms and Documents

Document Name	Status
2018 AHP OMB Supporting Statement for NPR.pdf Supporting Statement A	2018-03-14

IC Document Collections

IC ID	Document Title	Status
224623	Homeownership Set-Aside Program Applications and Certifications	Modified
224622	Long-Term Monitoring Submissions for Approved General Fund and Targeted Fund Projects	Modified
224621	Initial Monitoring Submissions for Approved General Fund and Targeted Fund Projects	Modified
224620	Modification Requests for Approved General Fund and Targeted Fund Projects	Modified
224619	Compliance Submissions for Approved General Fund and Targeted Fund Projects at AHP Subsidy Disbursement	Modified
224618	Competitive Applications for AHP Subsidy under General Funds and Targeted Funds	Modified

ICR Details

OMB Control No: 2590-0007	ICR Reference No: 201803-2590-002
Status: Historical Inactive	Previous ICR Reference No: 201611-2590-001
Agency/Subagency: FHFA	Agency Tracking No:
Title: Affordable Housing Program (AHP)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 06/06/2018
	Date Received in OIRA: 03/14/2018
Terms of Clearance: OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. The agency will respond to all comments received on the proposed rule.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2020	36 Months From Approved	03/31/2020
Responses	20,650	0	20,650
Time Burden (Hours)	115,750	0	115,750
Cost Burden (Dollars)	5,984,898	0	5,984,898

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Abstract: The information collection is necessary for the Federal Home Loan Banks to determine, and for the Federal Housing Finance Agency to monitor, whether applicants are eligible to receive Affordable Housing Program (AHP) subsidies and whether their use of AHP subsidies complies with approved applications and statutory and regulatory requirements. The likely respondents are institutions that are Bank members and non-member entities that receive or apply for AHP subsidies through a Bank member.

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Authorizing Statute(s): US Code: 12 USC 1430(j) Name of Law: Federal Home Loan Bank Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
2590-AA83	Proposed rulemaking	83 FR 11344	03/14/2018

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
Initial Monitoring Submissions for Approved General Fund and Targeted Fund Projects
Modification Requests for Approved General Fund and Targeted Fund Projects
Competitive Applications for AHP Subsidy under General Funds and Targeted Funds
Compliance Submissions for Approved General Fund and Targeted Fund Projects at AHP Subsidy Disbursement
Long-Term Monitoring Submissions for Approved General Fund and Targeted Fund Projects
Homeownership Set-Aside Program Applications and Certifications

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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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: FHFA has published a proposed rule that would make a number of substantive and other revisions to 12 CFR part 1291, including revisions to some of the regulation’s information collection requirements. On balance, FHFA anticipates that the proposed rule would decrease information collection burdens somewhat on a per-submission basis. Nonetheless, FHFA anticipates that the total burden associated with this information collection would increase somewhat due to two factors. First, FHFA expects that more projects would qualify for AHP subsidy under the proposed rule than under the existing regulation and that this would lead to an increase in the total number of applications for AHP subsidy submitted to the Federal Home Loan Banks. Second, apart from any effect of the proposed rule, FHFA expects that higher Bank income will lead to an increase in the amount of money available to fund the Banks’ AHP programs, which will likely lead to the approval of a greater number of AHP applications. More AHP projects outstanding would, in turn, lead to a higher overall number of monitoring and compliance submissions associated with those projects.

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Annual Cost to Federal Government: $15,200

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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: 03/14/2018

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