This approval
adds the grantee plan templates and sample term sheets to the
collections under this OMB control number.
Inventory as of this Action
Requested
Previously Approved
10/31/2021
6 Months From Approved
10/31/2021
3,906
0
2,604
2,768
0
815
0
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.
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 a revision to the Homeowner Assistance
Fund information collection request, OMB Control No. 1505-0269. 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 Homelands (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. To date, eligible entities have generally received 10% of
their allocations. This emergency request is to clear three
additional documents: The Homeowner Assistance Fund Plan, Homeowner
Assistance Fund Plan For Participants With Allocations Under $5M,
and the Sample Term Sheets (the “Template Documents”). These
documents are essential planning and implementation forms designed
to ensure statutory compliance and the tailoring of discretionary
program policies to each jurisdiction’s needs. The completion of
this process is a prerequisite to an eligible entity receiving the
remainder of its funds and, accordingly, the delivery of urgently
needed assistance to homeowners. This request cannot be cleared
under normal procedures as doing so would cause harm to homeowners
due to further delays in receiving financial assistance. As such,
Treasury requests emergency processing and OMB approval on July 21,
2021 for clearance of the plan documents.
This revision is to add the HAF
Plan Templates to the PRA package, which increases the burden
estimates by 1,953 hours.
$0
No
No
No
No
No
No
No
Molly Stasko 202 868-2972
molly.stasko@hq.dhs.gov
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.