Advances to Housing Associates

Forms and Documents

Document Name	Status
Advances to Housing Associates--2022 Supporting Statement.pdf Supporting Statement A	2022-06-02

IC Document Collections

IC ID	Document Title	Status
32155	Advances to Housing Associates: Maintenance Respondents	Modified
189078	Advances to Housing Associates: Applicants	Modified

ICR Details

OMB Control No: 2590-0001	ICR Reference No: 202206-2590-001
Status: Received in OIRA	Previous ICR Reference No: 201902-2590-001
Agency/Subagency: FHFA	Agency Tracking No: 2022-N-7
Title: Advances to Housing Associates
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 06/03/2022

	Requested	Previously Approved
Expiration Date	36 Months From Approved	06/30/2022
Responses	76	77
Time Burden (Hours)	314	318
Cost Burden (Dollars)	39,027	36,552

---

Abstract: Enables the Federal Home Loan Banks and, where appropriate, the Federal Housing Finance Agency to determine if a respondent satisfies the statutory and regulatory requirements to be certified initially, and to maintain its status as a housing associate eligible to receive Bank advances.

---

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

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 12168	03/03/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 33787	06/03/2022
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Advances to Housing Associates: Applicants
Advances to Housing Associates: Maintenance Respondents

---

ICR Summary of Burden

	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	76	77	0	-1	0	0
Annual Time Burden (Hours)	314	318	0	-4	0	0
Annual Cost Burden (Dollars)	39,027	36,552	0	2,475	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: FHFA has decreased the estimated total annual burden hours slightly to 314 hours from 318 that were shown in the Supporting Statement submitted with the request for renewal of this information collection in 2019. This decrease is due to a decrease (to 75 from 76) in the estimated number of existing Housing Associates that will need to comply with the annual reporting requirements. Despite reducing the overall estimate as to burden hours, FHFA’s estimate as to the total costs associated with that burden has risen to $39,027 from the $36,552 reflected in the Supporting Statement for the 2019 renewal, due to an increase in the per-hour cost estimates.

---

Annual Cost to Federal Government: $0

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? No

---

Common Form ICR:  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:

(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: 06/03/2022

---