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OMB Control No: 1559-0021	ICR Reference No: 201910-1559-001
Status: Historical Active	Previous ICR Reference No: 201904-1559-001
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 with change	Conclusion Date: 02/05/2020
	Date Received in OIRA: 10/31/2019
Terms of Clearance: Comment: Clarifying edits were made to supporting statement during review.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2023	36 Months From Approved	02/29/2020
Responses	810	0	500
Time Burden (Hours)	48,450	0	45,000
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 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

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:
	84 FR 8947	03/12/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 55231	10/15/2019
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	1559-0021-2019-FA, 1559-0021-2019-TA, N/A	, ,

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	810	500	310
Annual Time Burden (Hours)	48,450	45,000	3,450
Annual Cost Burden (Dollars)	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: 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.

Annual Cost to Federal Government: $1,858,052

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. 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