Use of Award Report Form

ICR 202109-1559-002

OMB: 1559-0032

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
1559-0032 202109-1559-002
Received in OIRA 202002-1559-001
TREAS/CDFIF
Use of Award Report Form
No material or nonsubstantive change to a currently approved collection   No
Regular 09/09/2021
  Requested Previously Approved
04/30/2023 04/30/2023
1,333 470
1,333 470
0 0

The CDFI Fund administers the BEA Program, CDFI Program, and NACA Program. In an effort to create uniformity in reporting across the CDFI Fund, the CDFI Fund revised the BEA Program Award Report Form so it may be used by the BEA Program as well as the CDFI Program and NACA Program. The revised form has been renamed the “Uses of Award Report Form.” The BEA Program provides incentives to insured depository institutions to increase their support of CDFIs and their activities in economically distressed communities. The CDFI Program uses federal resources to invest in and build the capacity of CDFIs to serve low income people and communities lacking adequate access to affordable financial products and services. The CDFI Fund created the Native Initiatives, which includes the NACA Program, to further support the creation and expansion of Native CDFIs.

US Code: 12 USC 4701 Name of Law: Riegle Community Development Banking and Financial Institutions Act of 1994
   US Code: 12 USC 1834a Name of Law: Assessment Credit for Qualifing Activities Relating to Distressed Communities
  
None

Not associated with rulemaking

  84 FR 55678 10/17/2019
85 FR 11179 02/26/2020
No

2
IC Title Form No. Form Name
Use of Award Report Form UOA Report Use of Award Report Form
Use of Award Report Form (Rapid Response Program) UOA Report Use of Award Report Form

  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 1,333 470 0 863 0 0
Annual Time Burden (Hours) 1,333 470 0 863 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
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 Bank Enterprise Award Program and CDFI Program. Per Congressional directive, the application process has been completed and awards are expected to be announced by the CDFI Fund in the summer of 2021. The CDFI Fund is requesting approval to use the existing data collection tool, the Uses of Award Report Form (UOA) (OMB Control #1559-0032), 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. Please note that CDFI RRP Recipients will be required to use this form starting September of 2021. The current version of the UOA report can be accessed here: https://www.cdfifund.gov/sites/cdfi/files/documents/cdfi-fund-uses-of-award-report-form-through-2023_bea.pd The estimate for completing the UOA form will remain 1 hour per response. 863 CDFIs received RRP funds and will thus complete an additional UOA form, increasing the total burden for 1559-0032 by 863 hours.

$163,007
No
    No
    No
No
No
No
Yes
Amber Bell 202 653-0347 [email protected]

  No

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.
09/09/2021


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