Community Development Financial Institutions Fund, Department of the Treasury
Supporting Statement for Paperwork Reduction Act Submissions
Community Development Financial Institutions Fund (CDFI Fund)
Community Development Entity (CDE) Certification Application, OMB 1559-0014
1. Circumstances necessitating collection of information
Pursuant to 12 U.S.C 4701 et seq. the Community Development Financial Institutions Fund (the CDFI Fund) administers the New Markets Tax Credit Program (NMTC Program). The CDFI Fund’s mission is to increase economic opportunity and promote community development investments for underserved populations and in distressed communities in the United States. In order to qualify for a NMTC Program allocation award from the CDFI Fund, an applicant must be certified by the CDFI Fund as a Community Development Entity (CDE). The CDE Certification Application is used to determine whether an entity seeking CDE certification meets the CDFI Fund’s requirements for such certification.
2. Method of collection and use of data
The CDE Certification Application is collected from entities seeking CDE certification. The data collected via the CDE Certification Application will be used by the CDFI Fund to evaluate whether an entity may be certified as a CDE.
3. Use of Information Technology
The CDFI Fund collects the CDE Certification Application electronically via a fillable, fileable form. The CDFI Fund is in the process of building a web-based version of the Form in the Award Management Information System (AMIS). AMIS will be able to collect and store information on CDE Certification.
4. Efforts to identify duplication
Similar information is not available from other sources. The CDE Certification Application does not duplicate any other CDFI Fund or Federal program information-gathering tool.
5. Impact on small entities
This collection of information is not expected to have significant impact on small entities.
6. Consequences of less frequent collection and obstacles to burden reduction
Since CDE certification is a prerequisite for receiving NMTC Program allocation awards from the CDFI Fund, the CDE Certification Application is a critical part of the NMTC Program. Moreover, once certified, an entity’s certification lasts indefinitely or until it ceases to meet the requirements for CDE certification.
7. Circumstances requiring special information collection
Any confidential business information submitted by applicants is safeguarded through the CDFI Fund’s records management procedures and information technology security protocols.
8. Solicitation of comments on information collection
Comments on the CDE Certification Application were solicited via notice in the Federal Register on July 1, 2016, (81 FR 15719). No comments were received.
9. Provision of payment to respondents
No payments or gifts will be made to respondents.
10. Assurance of confidentiality
The CDFI Fund is subject to all Federal regulations with respect to confidentiality of the information provided in this collection of information. The CDFI Fund has provided no other assurances of confidentiality to respondents.
11. Justification of sensitive questions.
No questions of a sensitive nature are asked in this information collection. No personally identifiable information (PII) is collected.
12. Estimate of the hour burden of information collection.
The total hour burden of this information collection is: 300 respondents x 1 response x 3.75 hours per respondent = 1,125 hours. Once certified as a CDE an entity’s certification lasts indefinitely provided the entity continues to meet the certification requirements.
# Respondents |
# Responses Per Respondent |
Annual Responses |
Hours Per Response |
Total Burden |
300 |
1 |
300 |
3.75 |
1,125 |
13. Estimate of total annual cost burden to respondents
This collection does not have a cost burden to respondents. No purchases of equipment or services are necessary for this information collection.
14. Estimate of annualized cost to the Government
The cost to the Federal government is the CDFI Fund staff time required to review certification applications that are submitted by CDEs.
15. Any program changes or adjustments
The CDFI Fund has not made any changes to this information collection at this time.
16. Plans for information tabulation and publication
Confidential or proprietary information collected through this information collection will not be published.
17. Reasons for not displaying expiration date of OMB approval
Display of the expiration date may lead to confusion among respondents who may have identical forms with a different expiration dates in their possession or lead them believe that this date represents a due date or sunset date. We request a non-display of the OMB expiration date.
18. Explanation of exceptions to certification statement
Not applicable.
Not applicable.
| File Type | application/msword |
| File Title | Supporting Statement for CDFI 002: Bank Enterprise Award Program Application Form |
| Author | user |
| Last Modified By | Fishman, Brette |
| File Modified | 2016-08-29 |
| File Created | 2016-08-04 |