7 CFR Part 3565, Guaranteed Rural Rental Housing Program and Supporting Handbook
Revision of a currently approved collection
No
Regular
01/21/2025
Requested
Previously Approved
36 Months From Approved
01/31/2025
3,239
2,934
2,445
2,079
0
0
the Agency will provide loan guarantees as credit enhancements to encourage private and public lenders to make new loans for affordable rental properties that meet program standards. Lenders will be expected to underwrite and service the loans. The Agency will approve qualified lenders to participate and will monitor lender performance to ensure program requirements are met. Qualified lenders will be authorized to originate, underwrite, and close loans for MFH projects. The Agency uses the information submitted by the lender to the Agency to manage, plan, evaluate, and account for Government resources. The information collected is necessary to ensure the proper and judicious use of public funds.
This is a revision of a currently approved information collection request. The current burden inventory is 2,079 burden hours and 2,934 total annual responses. We are requesting 2,445 burden hours and 3,239 total annual responses for an increase of 366 and 305 respectively. This increase is due to the increase in the number of NOFA Responses and applications submitted by the lenders who participate in the program.
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.