No
material or nonsubstantive change to a currently approved
collection
No
Regular
09/09/2021
Requested
Previously Approved
04/30/2023
04/30/2023
2,578
1,715
1,290
858
0
0
This collection captures quantitative
information from Community Development Financial Institutions
Program (CDFI Program) and Native American CDFI Assistance Program
(NACA Program) recipients. This information is used to assess: (1)
The recipient's activities as detailed in their application
materials; (2) the recipient's approved use of the assistance; (3)
the recipient's financial condition; and (4) overall compliance
with the terms and conditions of the assistance agreement entered
into by the CDFI Fund and the recipient.
As authorized by the
Consolidated Appropriations Act, 2021 (Pub. L. 116-260), the
Community Development Financial Institutions Fund (CDFI Fund) has
launched the CDFI Rapid Response Program (RRP) to provide grants to
Community Development Financial Institutions (CDFIs) to support,
prepare for, and respond to the economic impact of the COVID–19
pandemic. CDFI RRP utilizes existing evaluation and compliance
reporting mechanisms already in place for the CDFI Program. Per
Congressional directive, the application process has been completed
and awards were announced by the CDFI Fund on June 15, 2021. The
CDFI Fund is requesting a non-substantive change request to the
existing Performance Progress Report (PPR) (OMB Control #1559-0050)
for CDFI RRP Recipients. The CDFI RRP is a one-time supplemental
award and will not continue after two-years of reporting by program
recipients. The CDFI RRP Performance Goals will be added to the
existing PPR data collection form, and CDFI RRP Recipients will be
required to respond to the questions by providing numerical
figures. The addition of these RRP data points to the existing form
should require minimal additional burden and so the estimate for
completing the form will remain 30 minutes per response. 863 CDFIs
received RRP funds and will thus complete an additional Performance
Progress Report, increasing the total burden for 1559-0050 by 432
hours.
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.