Sunshine Act Meeting, 50208 [E9-23431]
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50208
Federal Register / Vol. 74, No. 188 / Wednesday, September 30, 2009 / Notices
EXPORT-IMPORT BANK OF THE
UNITED STATES
Sunshine Act Meeting
ACTION: Notice of a Partially Open
Meeting of the Board of Directors of the
Export-Import Bank of the United
States.
Tuesday, September
29, 2009 at 9:30 a.m. The meeting will
be held at Ex-Im Bank in Room 1143,
811 Vermont Avenue, NW.,
Washington, DC 20571.
OPEN AGENDA ITEM: PEFCO Secured
Note Issues Resolutions.
PUBLIC PARTICIPATION: The meeting will
be open to public participation for Item
No. 1 only.
FURTHER INFORMATION: For further
information, contact: Office of the
Secretary, 811 Vermont Avenue, NW.,
Washington, DC 20571 (Tele. No. 202–
565–3957).
TIME AND PLACE:
Jonathan J. Cordone,
Senior Vice President and General Counsel.
[FR Doc. E9–23431 Filed 9–29–09; 8:45 am]
BILLING CODE 6690–01–M
FEDERAL HOUSING FINANCE
AGENCY
[No. 2009–N–12]
Proposed Collection; Comment
Request
CPrice-Sewell on DSKGBLS3C1PROD with NOTICES
AGENCY: Federal Housing Finance
Agency.
ACTION: 60-day notice of submission of
information collection for approval from
the Office of Management and Budget.
SUMMARY: In accordance with the
requirements of the Paperwork
Reduction Act of 1995, the Federal
Housing Finance Agency (FHFA) is
seeking public comments concerning a
currently approved information
collection known as ‘‘Affordable
Housing Program (AHP),’’ which has
been assigned control number 2590–
0007 by the Office of Management and
Budget (OMB). The FHFA intends to
submit the information collection to
OMB for review and approval of a three
year extension of the control number,
which is due to expire on December 31,
2009.
DATES: Interested persons may submit
comments on or before November 30,
2009.
Comments: Submit comments to the
FHFA using any of the following
methods:
• E-mail: regcomments@fhfa.gov.
Please include Proposed Collection;
VerDate Nov<24>2008
14:56 Sep 29, 2009
Jkt 217001
Comment Request: ‘‘Affordable Housing
Program (AHP),’’ (No. 2009–N–12) in
the subject line of the message.
• Mail/Hand Delivery: Federal
Housing Finance Agency, Fourth Floor,
1700 G Street, NW., Washington, DC
20552, Attention: Public Comments/
Proposed Collection; Comment Request:
‘‘Affordable Housing Program (AHP),’’
(No. 2009–N–12).
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments. If
you submit your comment to the
Federal eRulemaking Portal, please also
send it by e-mail to FHFA at
regcomments@fhfa.gov to ensure timely
receipt by the agency.
We will post all public comments we
receive without change, including any
personal information you provide, such
as your name and address, on the FHFA
website at https://www.fhfa.gov. In
addition, copies of all comments
received will be available for
examination by the public on business
days between the hours of 10 a.m. and
3 p.m., at the Federal Housing Finance
Agency, Fourth Floor, 1700 G Street,
NW., Washington, DC 20552. To make
an appointment to inspect comments,
please call the Office of General Counsel
at 202–414–6924.
FOR FURTHER INFORMATION CONTACT:
Charles E. McLean, Acting Manager,
Division of Housing Mission and Goals,
Charles.Mclean@fhfa.gov, 202–408–
2537 or Deattra D. Perkins, Community
Development Specialist, Division of
Housing Mission and Goals,
Deattra.Perkins@fhfa.gov, 202–408–
2527 (not toll-free numbers). The
telephone number for the
telecommunications device for the deaf
is 800–877–8339.
SUPPLEMENTARY INFORMATION:
A. Background
Section 10(j) of the Federal Home
Loan Bank Act (Bank Act) requires each
Bank to establish an affordable housing
program, the purpose of which is to
enable a Bank’s members to finance
homeownership by households with
incomes at or below 80% of the area
median income (low- or moderateincome households), and to finance the
purchase, construction, or rehabilitation
of rental projects in which at least 20%
of the units will be occupied by and
affordable for households earning 50%
or less of the area median income (very
low-income households). See 12 U.S.C.
1430(j)(1) and (2). The Bank Act
requires each Bank to contribute 10% of
its previous year’s net earnings to its
AHP annually, subject to a minimum
annual combined contribution by the 12
PO 00000
Frm 00047
Fmt 4703
Sfmt 4703
Banks of $100 million. See 12 U.S.C.
1430(j)(5)(C).
The AHP regulation authorizes a
Bank, in its discretion, to set aside a
portion of its annual required AHP
contribution to establish
homeownership set-aside programs for
the purpose of promoting
homeownership for low- or moderateincome households. See 12 CFR 1291.6.
Under the homeownership set-aside
programs, a Bank may provide AHP
direct subsidy (grants) to members to
pay for down payment assistance,
closing costs, and counseling costs in
connection with a household’s purchase
of its primary residence, and for
rehabilitation assistance in connection
with a household’s rehabilitation of an
owner-occupied residence. See 12 CFR
1291.6(c)(4). Currently, a Bank may
allocate up to the greater of $4.5 million
or 35% of its annual required AHP
contribution to homeownership setaside programs in that year.
B. Need for and Use of the Information
Collection
The Banks use AHP data collection to
determine whether an AHP applicant
satisfies the statutory and regulatory
requirements to receive AHP subsidies.
FHFA’s use of the information is
necessary to enable and to ensure that
Bank funding decisions, and the use of
the funds awarded, are consistent with
statutory and regulatory requirements.
The AHP information collection is
found in the Data Reporting Manual
(DRM). See Resolution Number 2006–13
(available electronically in the FOIA
Reading Room: https://www.fhfa.gov/
Default.aspx?Page=256&List
Year=2006&ListCategory=9#9√2006).
The OMB number for the information
collection is 2590–0007. The OMB
clearance for the information collection
expires on December 31, 2009. The
likely respondents are institutions that
are Bank members.
C. Burden Estimate
The FHFA analyzed the cost and hour
burden for the seven facets of the AHP
information collection—AHP
applications, AHP modification
requests, AHP monitoring agreements,
AHP recapture agreements,
homeownership set-aside program
applications, verifications of statutory
and regulatory compliance at the time of
subsidy disbursement, and Bank
Advisory Council reports and
recommendations on AHP
implementation plans. As explained in
more detail below, the estimate for the
total annual hour burden for applicant
and member respondents for all seven
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[Federal Register Volume 74, Number 188 (Wednesday, September 30, 2009)]
[Notices]
[Page 50208]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-23431]
[[Page 50208]]
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EXPORT-IMPORT BANK OF THE UNITED STATES
Sunshine Act Meeting
ACTION: Notice of a Partially Open Meeting of the Board of Directors of
the Export-Import Bank of the United States.
-----------------------------------------------------------------------
Time and Place: Tuesday, September 29, 2009 at 9:30 a.m. The meeting
will be held at Ex-Im Bank in Room 1143, 811 Vermont Avenue, NW.,
Washington, DC 20571.
Open Agenda Item: PEFCO Secured Note Issues Resolutions.
Public Participation: The meeting will be open to public participation
for Item No. 1 only.
Further Information: For further information, contact: Office of the
Secretary, 811 Vermont Avenue, NW., Washington, DC 20571 (Tele. No.
202-565-3957).
Jonathan J. Cordone,
Senior Vice President and General Counsel.
[FR Doc. E9-23431 Filed 9-29-09; 8:45 am]
BILLING CODE 6690-01-M
