View Information Collection Request (ICR) Package

OMB Control No: 1559-0021	ICR Reference No: 201611-1559-001
Status: Historical Active	Previous ICR Reference No: 201505-1559-003
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: CDFI Program and NACA Program Applications
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/17/2017
	Date Received in OIRA: 11/25/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2020	36 Months From Approved	12/31/2018
Responses	450	0	451
Time Burden (Hours)	65,200	0	13,530
Cost Burden (Dollars)	0	0	0

Abstract: 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.

Authorizing Statute(s): US Code: 12 USC 4701 Name of Law: Community Development Banking and Financial Institutions Act of 1994
US Code: 12 USC 4703

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 45219	07/12/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 85331	11/25/2016
Did the Agency receive public comments on this ICR? Yes

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
CDFI Program and NACA Program Application	1559-0021-201611-1, 1559-0021-201611-2	,

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	450	451	-1
Annual Time Burden (Hours)	65,200	13,530	51,670
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: that the most recent Information Collection Request (ICR) that concluded on 12/1/2015 included inaccurate burden estimates. The previously reported total burden hours was 13,500. The CDFI Fund has more accurate data on burden hours provided by applicants based on how many hours it took to complete the previous application. Based on this data, the CDFI Fund estimates it took applicants an average of 163 hours to complete the previous FA Application for a subtotal of 65,200 hours assuming 400 FA. Additionally, it took TA applicants an average of hours to complete the previous TA application for a subtotal of 10,000 hours assuming 100 TA applications. Therefore, a more accurate estimate of the total burden hours for the previous ICR is 75,200 hours and not 13,500 as currently indicated in ROCIS It is anticipated that the amount of time for applicants to complete the new FA Application will decrease from an average of 163 hours to 100 hours and from 100 to 50 hours for the TA application. This revision reflects a decrease in hours due to reduction in the number of questions in the application.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Amber Bell 202 653-0347 bella@cdfi.treas.gov

View ICR - OIRA Conclusion