Emergency Justification Memo

Emergency Justification Memo-HAF Updated Reporting Guidance_signed.pdf

Homeowner Assistance Fund

Emergency Justification Memo

OMB: 1505-0269

Document [pdf]
Download: pdf | pdf
DEPARTMENT OF THE TREASURY
WASHINGTON, D.C. 20220

TO:

Alex Goodenough, Office of Information and Regulatory Affairs

FROM:

Ryan Law, Deputy Assistant Secretary
Office of Privacy, Transparency, and Records

SUBJECT: Justification for Emergency Processing: Homeowner Assistance Fund (HAF)
Interim Report Templates, Guidance and FAQs
Pursuant to the Office of Management and Budget (OMB) procedures established at 5 C.F.R. §
1320.13, the Department of the Treasury (Treasury) requests emergency processing for the
Homeowner Assistance Fund (HAF) program’s Interim Report Guidance and FAQs and
templates, revising OMB Control Number 1505-0269.
On March 11, 2021, the American Rescue Plan Act was signed into law, and established the
Homeowner Assistance Fund program. This program is intended to mitigate financial hardships
associated with the coronavirus pandemic by providing funds to eligible entities 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.
On April 14, 2021, Treasury published the Homeowner Assistance Fund Guidance that HAF
participants need to comply with to fulfill their reporting requirements. Treasury has directly
engaged with various interested agencies and stakeholders as well as required HAF Participants
submitting plans to provide input on reporting and metrics. In recognition of open questions from
recipients and external stakeholders on HAF eligible uses, the HAF program, in coordination
with policy, Office of General Counsel (OGC) and Office of Recovery Programs (ORP)
leadership, recommended a series of updates to reporting requirements and timelines included in
the FAQs and Reporting Guidance.
Treasury is currently working on developing the interim reporting portal that is expected to go
live around February 14, 2022 but will also require outreach and communication with recipients
throughout the remainder of December and January. Recipients will use this portal to transmit
the necessary reporting information. As a result, Treasury is requesting a waiver from the
requirement to publish notice in the Federal Register seeking public comment for the following
reasons:
•

Treasury will need to provide the Interim Report guidance to recipients well ahead of the
Portal launch date and provide a high degree of certainty that it will not change, so that
recipients can gather the necessary information and build their own tools/processes to
comply within a 2 month timeframe. Similarly, the recipients will also need the final

•

•

templates published to have confidence to invent in properly building out their processes
for compliance and reporting.
The Interim Report is intended as a one-time, preliminary report that will include
information that will also be collected as part of the upcoming Quarterly Reports
expected to launch in April, 2022. Given the overlap in information collected and the
timeframe for interim reporting, Treasury believes it will be more constructive to seek
public comment on the Quarterly Report.
An emergency approval of the Interim Report and opportunity for public comment for the
Quarterly Report will also reduce duplication of efforts and align the timing better with
the expected PRA renewal for the HAF program information collections prior to
05/31/2022.

For these reasons, Treasury requests emergency processing and approval as soon as possible for
the FAQs and Reporting Guidance, which set forth substantially all the information collections
of the interim reporting. Treasury plans to publish the FAQs and Reporting Guidance on
December 8, 2021.


File Typeapplication/pdf
AuthorShepard, Benjamin
File Modified2021-12-09
File Created2021-12-09

© 2024 OMB.report | Privacy Policy