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.
US Code:
12 USC 4701
Name of Law: Community Development Banking and Financial Institutions Act of 1994
This submission reflects the addition of one question to the CDFI Program 2012 Application, which will gather information on how an applicant is collaborating with other federal agencies on neighborhood revitalization strategies. The question is being added to determine the degree to which applicants are participating in such strategies as part of a national initiative.
The inclusion of the additional question will increase the burden per respondent by 30 minutes; with a program change of 100 hours due to agency discretion. Total burden requested is 20,100.
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.