Annual Compliance Reports

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 201808 - 01 CDFI Annual Performance Progress Report (Private Sector)	Form and Instruction	New	Available
Form 201808 - 01 CDFI Annual Performance Progress Report (Rapid Response Program)	Form and Instruction	New	Repair queued
Form 201808 - 06 CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)	Form and Instruction	Unchanged	Repair queued
Form 201808 - 06 CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)	Form and Instruction	Unchanged	Repair queued
Form 201808 - 05 CDFI Annual Single Audit Report (Private Sector)	Form and Instruction	Unchanged	Available
Form 201808 - 05 CDFI Annual Single Audit Report (Private Sector)	Form and Instruction	Unchanged	Repair queued
Form 201808 - 04 CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)	Form and Instruction	Unchanged	Available
Form 201808 - 04 CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)	Form and Instruction	Unchanged	Repair queued
Form 201808 - 03 CDFI Annual Financial Statement Audit Report (Private Sector)	Form and Instruction	Unchanged	Available
Form 201808 - 03 CDFI Annual Financial Statement Audit Report (Private Sector)	Form and Instruction	Unchanged	Repair queued
Form 201808 - 02 CDFI Annual Performance Progress Report (State, Local, Tribal Governments)	Form and Instruction	Unchanged	Available
Form 201808 - 02 CDFI Annual Performance Progress Report (State, Local, Tribal Governments)	Form and Instruction	Unchanged	Repair queued
Form 201808 - 01 CDFI Annual Performance Progress Report (Private Sector)	Form and Instruction	Unchanged	Available
Form 201808 - 01 CDFI Annual Performance Progress Report (Private Sector)	Form and Instruction	Unchanged	Repair queued
1559-0050 Justification for Non-Substantive Change (Rapid Response Program).docx	Justification for No Material/Nonsubstantive Change	Uploaded 2021-09-09	Repair queued
CDFI Fund Annual Compliance Reports Supporting Statement Amended.docx	Supporting Statement A	Uploaded 2020-04-17	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
249247	CDFI Annual Performance Progress Report (Rapid Response Program)	Form and Instruction	New	CDFI Annual Performance Progress Report (Private Sector)
249247	CDFI Annual Performance Progress Report (Rapid Response Program)	Form and Instruction	New
232644	CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)	Form and Instruction	Unchanged	CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)
232644	CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)	Form and Instruction	Unchanged
232643	CDFI Annual Single Audit Report (Private Sector)	Form and Instruction	Unchanged	CDFI Annual Single Audit Report (Private Sector)
232643	CDFI Annual Single Audit Report (Private Sector)	Form and Instruction	Unchanged
232642	CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)	Form and Instruction	Unchanged	CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)
232642	CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)	Form and Instruction	Unchanged
232641	CDFI Annual Financial Statement Audit Report (Private Sector)	Form and Instruction	Unchanged	CDFI Annual Financial Statement Audit Report (Private Sector)
232641	CDFI Annual Financial Statement Audit Report (Private Sector)	Form and Instruction	Unchanged
232640	CDFI Annual Performance Progress Report (State, Local, Tribal Governments)	Form and Instruction	Unchanged	CDFI Annual Performance Progress Report (State, Local, Tribal Governments)
232640	CDFI Annual Performance Progress Report (State, Local, Tribal Governments)	Form and Instruction	Unchanged
232552	CDFI Annual Performance Progress Report (Private Sector)	Form and Instruction	Unchanged	CDFI Annual Performance Progress Report (Private Sector)
232552	CDFI Annual Performance Progress Report (Private Sector)	Form and Instruction	Unchanged

ICR Details

OMB Control No: 1559-0050	ICR Reference No: 202109-1559-001
Status: Historical Active	Previous ICR Reference No: 201808-1559-001
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: Annual Compliance Reports
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/15/2021
Retrieve Notice of Action (NOA)	Date Received in OIRA: 09/09/2021
Terms of Clearance: This is being processed as a change request in light of the recent emergency approval under this OMB control number.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2023	04/30/2023	04/30/2023
Responses	2,578	0	1,715
Time Burden (Hours)	1,290	0	858
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): None

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:
	83 FR 19402	05/02/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 43736	08/27/2018
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 7

table that charts list of burden

IC Title	Form No.	Form Name
CDFI Annual Financial Statement Audit Report (Private Sector)	201808 - 03	CDFI Annual Financial Statement Audit Report (Private Sector)
CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)	201808 - 04	CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)
CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)	201808 - 06	CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments)
CDFI Annual Performance Progress Report (Private Sector)	201808 - 01	CDFI Annual Performance Progress Report (Private Sector)
CDFI Annual Performance Progress Report (Rapid Response Program)	201808 - 01	CDFI Annual Performance Progress Report (Private Sector)
CDFI Annual Performance Progress Report (State, Local, Tribal Governments)	201808 - 02	CDFI Annual Performance Progress Report (State, Local, Tribal Governments)
CDFI Annual Single Audit Report (Private Sector)	201808 - 05	CDFI Annual Single Audit Report (Private Sector)

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ICR Summary of Burden

table that charts list 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	2,578	1,715	0	863	0	0
Annual Time Burden (Hours)	1,290	858	0	432	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	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: No

Burden Reduction Due to:

Short Statement: 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.

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Annual Cost to Federal Government: $196,000

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? Yes

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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: 09/09/2021

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