CDFI Fund: Request for Public Comment on Annual Certification Report

The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the Annual Certification and Data Collection Report Form (Annual Certification Report).

The Annual Certification Report must be submitted by all certified CDFIs on an annual basis to ensure they are in compliance with CDFI certification requirements.

The CDFI Fund first launched the Annual Certification Report in March 2016. Based upon an evaluation of data collected via the report in the last year, the CDFI Fund has determined that the addition of nine management and organizational questions will enhance our ability to monitor certified CDFI organizational health and risk. The additional questions are outlined in the revised form below.

Public comments are invited on: (a) whether the collection of information is necessary for the proper performance of the functions of the CDFI Fund, including whether the information shall have practical utility; (b) the accuracy of the CDFI Fund’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.

Comments should be submitted to Tanya McInnis, Certification, Compliance Monitoring and EvaluationActing Program Manager, CDFI Fund, at ccme@cdfi.treas.gov by May 22, 2017.

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