Homeowner Assistance Fund

ICR 202204-1505-003

OMB: 1505-0269

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
New
Form and Instruction
New
Form and Instruction
New
Form and Instruction
Modified
Form and Instruction
Unchanged
Form and Instruction
Unchanged
Form and Instruction
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Form and Instruction
Unchanged
Supplementary Document
2022-04-26
Supplementary Document
2022-04-26
Supplementary Document
2022-02-15
Supplementary Document
2021-12-09
Supplementary Document
2021-07-22
Supplementary Document
2021-05-25
Supplementary Document
2021-04-13
Supporting Statement A
2022-05-04
ICR Details
1505-0269 202204-1505-003
Received in OIRA 202202-1505-003
TREAS/DO
Homeowner Assistance Fund
Revision of a currently approved collection   No
Emergency 05/04/2022
05/04/2022
  Requested Previously Approved
6 Months From Approved 05/31/2022
5,465 4,557
7,590 4,070
0 0

On March 11, 2021, the President signed the American Rescue Plan Act of 2021 (the “Act”), Pub. L. No. 117-2. Title III, Subtitle B, Section 3206 of the Act established the Homeowner Assistance Fund and provides $9.961 billion for the U.S. Department of the Treasury (Treasury) to make payments to States (defined to include the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, Northern Mariana Islands, and American Samoa), Indian tribes or tribally designated housing entities, as applicable, and the Department of Hawaiian Home Lands (collectively the “eligible entities”) to mitigate financial hardships associated with the coronavirus pandemic, including for the purposes of preventing homeowner mortgage delinquencies, defaults, foreclosures, loss of utilities or home energy services, and displacements of homeowners experiencing financial hardship after January 21, 2020, through qualified expenses related to mortgages and housing. Section 3206(c)(1) requires the eligible entities to use the funds for the purpose of preventing homeowner mortgage delinquencies, defaults, foreclosures, loss of utilities or home energy services, and displacements of homeowners experiencing financial hardship after January 21, 2020, through qualified expenses related to mortgages and housing. Section 3206(e)(1) provides that not later than 45 days after March 11, 2021, the Secretary shall pay each eligible entity. Treasury intends to begin making payments as soon as possible given the urgent need for the funds being disbursed.
See Emergency Justification title "1505-0269_HAF Emergency Justifcation Memo_0422222_signed" in the ROCIS supplemental documents section

PL: Pub.L. 117 - 2 3206 Name of Law: American Rescue Plan Act of 2021
  
None

Not associated with rulemaking

No

  Total Request 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 5,465 4,557 0 1,503 -595 0
Annual Time Burden (Hours) 7,590 4,070 0 4,710 -1,190 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The changes since the previous approval include the burden increases of 908 hours associated with performing compliance reporting, including the Quarterly Report and Annual Performance Report. Please note, the Interim Report hours have been corrected from the previous submission since not all HAF participants needed to submit an Interim Report.

$5,174,668
No
    No
    No
No
No
No
No
Molly Stasko 202 622-8922 [email protected]

  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.
05/04/2022


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