The CDFI Fund provides financial
assistance in the form of grants, loans, equity investments and
deposits to community development financial institutions providing
capital and financial services to underserved markets.
US Code:
12
USC 4703 Name of Law: null
US Code: 12
USC 4701 Name of Law: Community Development Banking and
Financial Institutions Act of 1994
The FY 2016 CDFI and NACA
Program application introduces an integrated web-based collection
tool that will now be used to collect data from CDFI and NACA
Program applicants. The new interactive, integrated application
reduces the burden on the applicant since it will store previously
supplied information, which will reduce data entry in future
applications. It is anticipated that this will decrease the amount
of time to complete the application from 50 hours to 30 hours per
response for the applicants. This revision reflects a decrease in
hours due to the new collection tool. Total burden hours requested
for this submission is 13,530 (451 applications X 30 hours an
application).
$0
No
No
No
No
No
Uncollected
Mark Kudlowitz 202
653-0348
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.