CDFI Fund Seeks Public Comment on Awardee/Allocatee Annual Report

May 14, 2010

Washington, DC- 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 take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community Development Financial Institutions Fund (CDFI Fund), an office within the Department of the Treasury, is soliciting comments concerning the CDFI Fund Awardee/Allocatee Annual Report, comprised by the Institution Level Report and the Transaction Level Report.

The Institution Level Report and the Transaction Level Report comprise certain reporting requirements for participants in the CDFI Program, the Native American CDFI Assistance Program, and the New Markets Tax Credits Program. The Annual Report forms (and related documents, including the CDFI Program assistance agreement, the NACA Program assistance agreement, and the NMTC Program allocation agreement) may be found at the CDFI Fund’s website at www.cdfifund.gov. Written comments should be received on or before July 6, 2010, to be assured of consideration. Comments submitted in response to this notice will be summarized and/or included in the request for approval from the Office of Management and Budget. All comments will become a matter of public record.

Comments are invited about:

• The cost for CDFIs and Community Development Entities to operate and maintain the services/systems required to provide the required information;
• Ways to enhance the quality, utility, and clarity of the information to be collected;
• Whether the collection of information is necessary for the proper evaluation of the effectiveness and impact of the CDFI Fund’s programs, including whether the information shall have practical utility;
• The accuracy of the CDFI Fund’s estimate of the burden of the collection of information;
• Ways to minimize the burden of the collection of information including through the use of technology, such as software for internal accounting and geocoding to capture geographic detail while streamlining and aggregating Transaction Level Reports for upload to the Community Investment Impact System; and
• What methods might be used to improve the data quality, internal accounting and efficiency of reporting transactions for serving other targeted populations.

Please direct all comments on the Awardee/Alocatee Annual Report in writing to: Greg Bischak, Program Manager for Financial Strategies and Research, CDFI Fund, U.S. Department of the Treasury, 601 13th Street, NW, Suite 200 South, Washington, DC 20005, by e-mail to cdfihelp@cdfi.treas.gov, or by facsimile to (202) 622–7754. (Please note: this is not a toll free number)

• View Related Federal Register Notice
• Awardee/Alocatee Annual Reports can be found by clicking here

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[CDFI-2010-27]