Hardest Hit Fund Application

ICR 201602-1505-002

OMB: 1505-0254

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-02-18
IC Document Collections
IC ID
Document
Title
Status
220177 New
ICR Details
1505-0254 201602-1505-002
Historical Active
TREAS/DO Offc_of_Fin_Stability
Hardest Hit Fund Application
New collection (Request for a new OMB Control Number)   No
Emergency 02/19/2016
Approved without change 02/19/2016
Retrieve Notice of Action (NOA) 02/19/2016
  Inventory as of this Action Requested Previously Approved
08/31/2016 6 Months From Approved
19 0 0
760 0 0
0 0 0

The Department of the Treasury (Treasury) established the Housing Finance Agency Innovation Fund for Hardest Hit Housing Markets (Hardest Hit Fund or HHF) in 2010, pursuant to the Emergency Economic Stabilization At of 2008 (12 U.S.C. 5201, et seq.). The objective of HHF is to provide funding to the states that were most severely impacted by the foreclosure crisis. Funds are provided through Treasury’s Troubled Asset Relief Program (TARP), and are used by state housing finance agencies and their designated partners (collectively, HFAs) to help prevent foreclosure and stabilize state housing markets through programs tailored to local conditions. Recognizing the current and persistent need among states participating in HHF, Congress enacted legislation in December 2015, authorizing Treasury to commit up to $2 billion in additional TARP funds to that program. Treasury plans to allocate these funds among participating HHF states based on each area’s current needs and ability to effectively utilize the additional funds. This information collection provides instructions for HFAs to apply for the funds.
In order to ensure uninterrupted assistance to homeowners and neighborhoods in Hardest Hit Fund states, and promptly restore assistance for homeowners where HFAs have closed programs, and to enable the HFAs to deploy the additional funds as expeditiously as possible, it is critical that Treasury collect all information necessary to complete the allocation process as soon as possible.

US Code: 12 USC 5201 Name of Law: Emergency Economic Stabilization Act
  
PL: Pub.L. 114 - 113 709 Name of Law: Consolidated Appropriations Act, 2016

Not associated with rulemaking

No

1
IC Title Form No. Form Name
HHF Phase 2 Application

  Total Approved 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 19 0 19 0 0 0
Annual Time Burden (Hours) 760 0 760 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

No
No
No
No
No
Uncollected
Hannah Resig 202 622-1407

  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.
02/19/2016


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