CDFI Fund: Request for Public Comment on CIIS Annual Reports

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 Community Development Financial Institutions CDFI Program (CDFI Program) and New Markets Tax Credit Program (NMTC Program) Annual Report including the Community Investment Impact System (CIIS).

The Annual Reports capture quantitative information from Community Development Financial Institutions (CDFI) and Community Development Entities (CDE) at the institution and transaction levels. This information is used to assess the organizations’ use of their awards and overall compliance with the terms and conditions of the assistance or allocation agreements entered into with the CDFI Fund.

Comments are invited on all aspects of the information collections, but commentators should review the Federal Register notice for particular areas of interest. Comments must be submitted via email to Greg Bischak, Program Manager for Financial Strategies and Research, CDFI Fund, at cdfihelp@cdfi.treas.gov by June 26, 2017.

Please note that next year the CDFI Fund plans to integrate the CIIS data collection into the CDFI Fund’s Awards Management Information System (AMIS). It is anticipated that the transition to AMIS will result in streamlining of the CIIS data collections and a reduction of reporting burden. The CDFI Fund will publish a new request for public comment at that time to solicit feedback on the proposed revisions and potential effects on reporting burdens.

View the Federal Register notice below for more information. To learn more about the CDFI Fund and its programs, please visit www.cdfifund.gov.

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