Certification of Material Events Form

ICR 202305-1559-001

OMB: 1559-0037

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Justification for No Material/Nonsubstantive Change
2023-08-16
Supplementary Document
2022-04-19
Supporting Statement A
2022-08-02
IC Document Collections
IC ID
Document
Title
Status
192127 Modified
ICR Details
1559-0037 202305-1559-001
Received in OIRA 202204-1559-001
TREAS/CDFIF
Certification of Material Events Form
No material or nonsubstantive change to a currently approved collection   No
Regular 08/16/2023
  Requested Previously Approved
08/31/2025 08/31/2025
200 200
50 50
0 0

A Material Event is defined as an occurrence that affects an organization’s strategic direction, mission, or business operation and, thereby, its compliance with the terms and conditions of its allocation or assistance agreement or their status as an entity certified by the CDFI Fund. The CDFI Fund requires this information to prevent fraud, waste, and abuse of Federal funds. The CDFI Fund implements programs that provide financial assistance in the form of grants, loans, and tax credits to increase the capacity of financial institutions to provide capital, credit, and financial services in underserved markets. Additionally, the CDFI Fund is responsible for confirming certification for Community Development Entities (CDEs) and Community Development Financial Institutions (CDFIs). Organizations that receive Federal financial assistance from the CDFI Fund are required to report Material Events in order to be in compliance with requirements of their award agreements. CDEs and CDFIs are required to report Material Events to maintain their certification status with the CDFI Fund.

US Code: 12 USC 4701 et seq. Name of Law: Community Development Banking and Finanacial Institutions Act of 1994
  
None

Not associated with rulemaking

  87 FR 6944 02/07/2022
87 FR 24394 04/25/2022
Yes

1
IC Title Form No. Form Name
Certification of Material Events Form 201701 Certification of Material Events Form

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 200 200 0 0 0 0
Annual Time Burden (Hours) 50 50 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
Heather Hunt 202 653-0385 [email protected]

  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.
08/16/2023


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