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. 

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 

FEDERAL HOUSING FINANCE 

AGENCY 

[No. 2009–N–12] 

Proposed Collection; Comment 

Request 

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; 

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: http:// 

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 http://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 

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: http://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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