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
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.