View Information Collection Request (ICR) Package

OMB Control No: 1559-0050	ICR Reference No: 202109-1559-001
Status: Historical Active	Previous ICR Reference No: 201808-1559-001
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: Annual Compliance Reports
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/15/2021
	Date Received in OIRA: 09/09/2021
Terms of Clearance: This is being processed as a change request in light of the recent emergency approval under this OMB control number.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2023	04/30/2023	04/30/2023
Responses	2,578	0	1,715
Time Burden (Hours)	1,290	0	858
Cost Burden (Dollars)	0	0	0

Abstract: This collection captures quantitative information from Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) recipients. This information is used to assess: (1) The recipient's activities as detailed in their application materials; (2) the recipient's approved use of the assistance; (3) the recipient's financial condition; and (4) overall compliance with the terms and conditions of the assistance agreement entered into by the CDFI Fund and the recipient.

Authorizing Statute(s): None

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:
	83 FR 19402	05/02/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 43736	08/27/2018
Did the Agency receive public comments on this ICR? Yes

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	2,578	1,715	863
Annual Time Burden (Hours)	1,290	858	432
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: As authorized by the Consolidated Appropriations Act, 2021 (Pub. L. 116-260), the Community Development Financial Institutions Fund (CDFI Fund) has launched the CDFI Rapid Response Program (RRP) to provide grants to Community Development Financial Institutions (CDFIs) to support, prepare for, and respond to the economic impact of the COVID–19 pandemic. CDFI RRP utilizes existing evaluation and compliance reporting mechanisms already in place for the CDFI Program. Per Congressional directive, the application process has been completed and awards were announced by the CDFI Fund on June 15, 2021. The CDFI Fund is requesting a non-substantive change request to the existing Performance Progress Report (PPR) (OMB Control #1559-0050) for CDFI RRP Recipients. The CDFI RRP is a one-time supplemental award and will not continue after two-years of reporting by program recipients. The CDFI RRP Performance Goals will be added to the existing PPR data collection form, and CDFI RRP Recipients will be required to respond to the questions by providing numerical figures. The addition of these RRP data points to the existing form should require minimal additional burden and so the estimate for completing the form will remain 30 minutes per response. 863 CDFIs received RRP funds and will thus complete an additional Performance Progress Report, increasing the total burden for 1559-0050 by 432 hours.

Annual Cost to Federal Government: $196,000

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? Yes

Agency Contact: Tanya McInnis 202 653-0309 mcinnist@cdfi.treas.gov

View ICR - OIRA Conclusion