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OMB Control No: 1559-0021	ICR Reference No: 202308-1559-003
Status: Historical Active	Previous ICR Reference No: 201910-1559-001
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: CDFI Program and NACA Program Applications
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/04/2023
	Date Received in OIRA: 09/28/2023
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2026	36 Months From Approved
Responses	990	0	0
Time Burden (Hours)	77,944	0	0
Cost Burden (Dollars)	0	0	0

Abstract: Pursuant to the Riegle Community Development Banking and Financial Institutions Act of 1994, as amended (the Act, 12 USC 4701 et seq.), the Community Development Financial Institutions (CDFI) Program provides financial and technical assistance to selected Applicants and Community Development Financial Institutions (CDFIs) in order to enhance their ability to make loans and investments and provide services for the benefit of designated Investment Areas and Targeted Populations.

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:
	88 FR 17298	03/03/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 65427	09/22/2023
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	TA, FA, NA	, ,

ICR Summary of Burden

	Total Approved	Change Due to Agency Discretion
Annual Number of Responses	990	990
Annual Time Burden (Hours)	77,944	77,944
Annual Cost Burden (Dollars)	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: The CDFI TA Program has not materially changed and the TA Application is substantially similar to what was approved in 2020, for FY 2020-22. The CDFI Fund refined narrative questions in the TA Application to align more closely with the recent changes to the CDFI Certification requirements. The FA Program has not materially changed, and the FA Program Applications are substantially similar to what was approved in 2020, for FY 2020-22. The CDFI Fund made the following changes to the proposed FY 2023-25 Base-FA Program Application: 1) eliminated one narrative question, several financial input fields and statewide portfolio data fields, 2) refined narrative questions for clarity, and 3) simplified the selection of FA Objectives. No changes were made to the supplemental FA Applications. It is not anticipated that these changes will increase nor decrease the total burden hours per Application from the FY 2022 funding round. Total burden hours requested for this submission is 77,944 (55,759 for FA, plus 22,185 hours for TA). The estimate for FY 2023-25 is higher than the previous total Application burden hours cleared in FY 2020 for the FY 2020-22 Applications (50,000 hours), due to an additional 161 TA Applicants and an additional 19 FA Applications (including supplemental FA Applications), based on the actual number of Applications received by the CDFI Fund in FY 2022.The estimated average amount of time to complete the Applications also increased. The CDFI Fund updated the estimated hours to complete an Application to more accurately reflect recent self-reported time estimates provided by Applicants. In addition, since the last PRA approval, there have been many new Applicants to the CDFI/NACA Program. It is reasonable to assume that first-time Applicants may take longer to complete an Application, thus, contributing to the increase in the reported time by Applicants to complete an Application.

Annual Cost to Federal Government: $2,031,995

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? No

Agency Contact: Pooja Patel 202 664-7634 patelp@cdfi.treas.gov

View ICR - OIRA Conclusion