[Federal Register Volume 87, Number 61 (Wednesday, March 30, 2022)]
[Notices]
[Pages 18476-18477]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-06705]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Emergency Submission 
for OMB Review; Comment Request; Homeowner Assistance Fund Compliance 
Reporting

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury has submitted the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance utilizing emergency review procedures in 
accordance with the Paperwork

[[Page 18477]]

Reduction Act of 1995. Emergency review and approval of this collection 
has been requested from OMB by April 12, 2022. The public is invited to 
submit comments on this request.

DATES: Written comments must be received on or before April 14, 2022.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, by the following method:
     Federal E-rulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments. Refer to Docket Number 
TREAS-DO-2022-0008 and the specific Office of Management and Budget 
(OMB) control number 1505-0269.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Christopher Sun by emailing [email protected], calling 
877-398-5861, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:
    Title: Homeowner Assistance Fund.
    OMB Control Number: 1505-0269.
    Type of Review: Revision of a currently approved collection.
    Description: On March 11, 2021, the President signed the American 
Rescue Plan Act of 2021 (the ``Act''), Public Law 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.
    Treasury will collect a Quarterly Report at the end of each 
calendar year quarter for eligible entities that are a State or Tribal 
Government with a HAF allocation greater than $5 million. The 
Department of Hawaiian Home Lands and Tribal Governments with a HAF 
allocation less than $5 million will be required to submit a similar 
report once a year.
    HAF participants will submit quarterly certifications and reports, 
including, among other things, details on program budget; HAF Homeowner 
applications approved; targeting metrics around Homeowners assisted; 
individual program information; and individual program design element 
information.
    Additionally, Treasury will collect from each eligible participant 
an Annual Report once a year that will provide Treasury with high-level 
information on how the HAF participant is performing relative to their 
forecasted goals noted in their HAF Grantee Plan.
    Treasury is requesting emergency processing to add compliance 
reporting (i.e., Quarterly Report and Annual Report) this collection of 
information as provided under 5 CFR 1320.13. Treasury cannot reasonably 
comply with normal clearance procedures because Treasury will need to 
provide the Guidance on Participant Compliance and Reporting 
Responsibilities to HAF participants along with 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. Additionally, delays due to insufficient 
guidance will more than likely impact established timelines for HAF 
participants to report on current quarter compliance and delay future 
quarter compliance. Delays in quarterly reporting will reduce 
Treasury's insight on current HAF participant compliance issues.
    Form: Quarterly Compliance Reports.
    Affected Public: State and tribal governments with allocations over 
$5 million dollars.
    Estimated Number of Respondents: 67.
    Frequency of Response: Quarterly, for the duration of the program, 
final report January 2027.
    Estimated Total Number of Annual Responses: 268.
    Estimated Time per Response: 4 hours.
    Estimated Total Annual Burden Hours: 1,072 hours.
    Form: Quarterly Compliance Reports.
    Affected Public: Department of Hawaiian Home Lands and tribal 
governments with allocations less than $5 million dollars.
    Estimated Number of Respondents: 584.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 584.
    Estimated Time per Response: 4 hours.
    Estimated Total Annual Burden Hours: 2,336 hours.
    Form: Annual Reports.
    Affected Public: States, Department of Hawaiian Home Lands and 
tribal governments.
    Estimated Number of Respondents: 651.
    Frequency of Response: Annual.
    Estimated Total Number of Annual Responses: 651.
    Estimated Time per Response: 2 hours.
    Estimated Total Annual Burden Hours: 1,302 hours.
    Authority: 44 U.S.C. 3501 et seq.

Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2022-06705 Filed 3-29-22; 8:45 am]
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