CDFI Program and NACA Program Applications

Forms and Documents

Document	Type	Status	Availability
Form 1559-0021-201611-1 CDFI Program and NACA Program Application	Form and Instruction	Modified	Repair queued
1559-0040 Emergency Justification Memo to OMB 2019-03-09 (signed).pdf	Supplementary Document	Uploaded 2019-04-29	Available
1559-0021 SS - HFFI Emergency 2019.docx	Supporting Statement A	Uploaded 2019-04-29	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
20181	CDFI Program and NACA Program Application	Form and Instruction	Modified

ICR Details

OMB Control No: 1559-0021	ICR Reference No: 201904-1559-001
Status: Historical Active	Previous ICR Reference No: 201611-1559-001
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: CDFI Program and NACA Program Applications
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 05/06/2019
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/29/2019
	Date Received in OIRA: 04/29/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2019	6 Months From Approved	02/29/2020
Responses	500	0	450
Time Burden (Hours)	45,000	0	65,200
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

Emergency Justfication: The Community Development Financial Institutions Fund (CDFI Fund) requests Emergency Processing for a revision to Office of Management and Budget (OMB) Control Number 1559-0021 in order to clear the current Healthy Food Financing Initiative-Financial Assistance (HFFI-FA) Application. The CDFI Fund receives an annual appropriation from Congress to fund HFFI-FA awards was appropriated $22 million under the Consolidated Appropriations Act, 2019 (P.L. 116-6). The revision of this OMB number to include the current HFFI-FA Application will allow the CDFI Fund to provide HFFI-FA awards under the FY 2019 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance (NACA Program) funding rounds which are expected to open May 6, 2019. If normal clearance procedures were followed, CDFI Fund would be unable to collect the necessary HFFI-FA applications and disburse the funds that Congress has appropriated for this program during the 2019 funding round. Treasury requests approval of this reinstatement by May 6, 2019 and has submitted a notice to the Federal Register soliciting public comments during the period of OMB review. The CDFI Fund receives regular input from the financial institutions it serves and has taken all practical steps to minimize the burden of collecting HFFI-FA applications. This includes administering HFFI-FA awards in conjunction with the annual CDFI Program and NACA Program application process to eliminate potential duplication.

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Authorizing Statute(s): US Code: 12 USC 4701 Name of Law: Community Development Banking and Financial Institutions Act of 1994
   US Code: 12 USC 4703 Name of Law: null
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
CDFI Program and NACA Program Application	1559-0021-201611-1, 1559-0021-201611-2, N/A	CDFI Program and NACA Program Financial Assistance Application ,   CDFI Program and NACA Program Technical Assistance Application ,   HFFI-FA NARRATIVE

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ICR Summary of Burden

	Total Approved	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	500	450	0	0	50	0
Annual Time Burden (Hours)	45,000	65,200	0	0	-20,200	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This revised Information Collection Request (ICR) is being submitted to clear the 2019 HFFI application questions. These seven questions are completed by respondents as part of the larger Financial Assistance application and the burden for them is already accounted for in the existing approved burden under this control number. As such there is no change in burden due to these questions. However, there was an error in the entry of data into ROCIS for the previous ICR submission which is being corrected here. The currently approved total burden of 65,000 hours is being reduced to 45,000 hours, matching what was estimated in the previous supporting statement.

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Annual Cost to Federal Government: $0

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? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 04/29/2019

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