Use of Award Report Form

Forms and Documents

Document Name	Status
Form UOA Report Use of Award Report Form (Rapid Response Program) Form and Instruction	New
Form UOA Report Use of Award Report Form Form and Instruction	Unchanged
1559-0032 Justification for Non-Substantive Change (Rapid Response Program).docx Justification for No Material/Nonsubstantive Change	2021-09-09
1559-0032 - Supporting Statement - FY2020-22 CDFI Fund Uses of Award Report Form.docx Supporting Statement A	2020-02-27

IC Document Collections

IC ID	Document Title	Status
249249	Use of Award Report Form (Rapid Response Program) Form and Instruction	New
224449	Use of Award Report Form Form and Instruction	Unchanged

ICR Details

OMB Control No: 1559-0032	ICR Reference No: 202109-1559-002
Status: Received in OIRA	Previous ICR Reference No: 202002-1559-001
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: Use of Award Report Form
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 09/09/2021

	Requested	Previously Approved
Expiration Date	04/30/2023	04/30/2023
Responses	1,333	470
Time Burden (Hours)	1,333	470
Cost Burden (Dollars)	0	0

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Abstract: 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.

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Authorizing Statute(s): 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
  

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:
	84 FR 55678	10/17/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 11179	02/26/2020
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 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

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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	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

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 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.

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Annual Cost to Federal Government: $163,007

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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