Capital Magnet Fund Application and Annual Report Forms

Forms and Documents

Document Name	Status
CMF Annual Report - State, Local and Tribal Recipients Form	Modified
Capital Magnet Fund Application - State, Local and Tribal Applicants Form and Instruction	Modified
CMF Annual Report - Private Sector and Nonprofit Recipients Form	Modified
Capital Magnet Fund Application - Private Sector and Nonprofit Applicants Form and Instruction	Modified
1559-0036 Supporting Statement for CMF 2021.docx Supporting Statement A	2021-04-30

IC Document Collections

IC ID	Document Title	Status
227793	CMF Annual Report - State, Local and Tribal Recipients Form	Modified
227792	Capital Magnet Fund Application - State, Local and Tribal Applicants Form and Instruction	Modified
222208	CMF Annual Report - Private Sector and Nonprofit Recipients Form	Modified
218994	Capital Magnet Fund Application - Private Sector and Nonprofit Applicants Form and Instruction	Modified

ICR Details

OMB Control No: 1559-0036	ICR Reference No: 202104-1559-001
Status: Received in OIRA	Previous ICR Reference No: 201706-1559-001
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: Capital Magnet Fund Application and Annual Report Forms
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 04/30/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	04/30/2021
Responses	428	255
Time Burden (Hours)	22,260	22,200
Cost Burden (Dollars)	0	1,286,892

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Abstract: Under the Capital Magnet Fund (CMF) the Community Development Financial Institutions (CDFI) Fund provides competitively awarded grants to CDFIs and qualified nonprofit housing organizations to finance affordable housing and related community development projects.

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Authorizing Statute(s): PL: Pub.L. 110 - 289 1339 Name of Law: Housing & Economic Recovery Act of 2008
  

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
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 86648	12/30/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 22791	04/29/2021
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
CMF Annual Report - Private Sector and Nonprofit Recipients	N/A	CMF Annual Report
CMF Annual Report - State, Local and Tribal Recipients	N/A	CMF Annual Report
Capital Magnet Fund Application - Private Sector and Nonprofit Applicants	N/A	Capital Magnet Fund Application
Capital Magnet Fund Application - State, Local and Tribal Applicants	N/A	Capital Magnet Fund Application

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ICR Summary of Burden

	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	428	255	0	0	173	0
Annual Time Burden (Hours)	22,260	22,200	0	-3,080	3,140	0
Annual Cost Burden (Dollars)	0	1,286,892	0	0	-1,286,892	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimate of burden hours for FY 2021-2023 Applications of 16,440 hours is similar, but slightly lower, when compared to the previous total Application burden hours for the FY2017 application (20,000 hours). This primarily reflects a lower estimate of groups applying for funding (137 v. 200) and slightly higher burden hours (120 v. 100). The estimate of burden hours for the FY 2021-2023 Annually Report is somewhat increased from the prior estimate of 2,200 hours, based primarily on a significant increase in the number of reports expected to be filed annually (291 v. 55). This was offset partially by elimination of certain data points which lowered the burden per response from 40 hours to 20. Labor costs which had been erroneously included in ROCIS as Annual Cost Burden previously have been removed. There are no out-of-pocket (non-labor) costs connected with this collection.

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Annual Cost to Federal Government: $2,150,980

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.     Yes

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.     Yes

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

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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: 04/30/2021

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