CDFI Program and NACA Program Applications

ICR 201910-1559-001

OMB: 1559-0021

Federal Form Document

IC Document Collections
ICR Details
1559-0021 201910-1559-001
Active 201904-1559-001
TREAS/CDFIF
CDFI Program and NACA Program Applications
Revision of a currently approved collection   No
Regular
Approved with change 02/05/2020
Retrieve Notice of Action (NOA) 10/31/2019
Comment: Clarifying edits were made to supporting statement during review.
  Inventory as of this Action Requested Previously Approved
02/28/2023 36 Months From Approved 02/29/2020
810 0 500
48,450 0 45,000
0 0 0

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: Establishment of National Fund for Community Development Banking
   US Code: 12 USC 4701 Name of Law: Community Development Banking and Financial Institutions Act of 1994
  
None

Not associated with rulemaking

  84 FR 8947 03/12/2019
84 FR 55231 10/15/2019
Yes

1
IC Title Form No. Form Name
CDFI Program and NACA Program Application 1559-0021-2019-FA, 1559-0021-2019-TA, N/A CDFI Program and NACA Program Financial Assistance Application ,   CDFI Program and NACA Program Technical Assistance Application ,   HFFI-FA NARRATIVE

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 810 500 0 0 310 0
Annual Time Burden (Hours) 48,450 45,000 0 0 3,450 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The CDFI TA Program has been refined to more closely align the TA Program with the CDFI Certification process. Narrative questions in the TA Application have been refined to reflect this desired alignment. The Base-FA Program has not materially changed, and the application itself is substantially similar to what was approved in 2016, for FY 2017-19. The proposed FY 2020-22 CDFI and NACA Program applications have repurposed a select number of fields to better align data collected with specific policy objectives, including data fields relevant to new programs including Persistent Poverty Counties (PPC) and Opportunity Zones (O-Zones). The application itself is also more streamlined and easier to complete due to enhancements in the online application intake form within the CDFI Fund’s Awards Management Information System (AMIS). It is anticipated that these changes will neither substantively increase nor decrease the total burden hours per application. Total burden hours requested for this submission is 48,450 (43,450 for FA, plus 5,000 hours for TA). The estimate for FY 2020-22 is similar to the previous total application burden hours cleared in FY 2016 for the FY 2017-19 application (45,000 hours), and primarily reflects an additional 50 groups applying for FA funding, based on the actual number of applications received by the CDFI Fund in FY 2019.

$1,858,052
No
    No
    No
No
No
No
Uncollected
Amber Bell 202 653-0347 bella@cdfi.treas.gov

  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.
10/31/2019


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