Request for Public Comment: CDFI Program and NACA Program Applications

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, 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 on the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program) Financial Assistance (FA) and Technical Assistance (TA) Applications. 

Through the CDFI Program and NACA Program's FA and TA awards, the CDFI Fund invests in and builds the capacity of for-profit and nonprofit community based lending organizations known as Community Development Financial Institutions (CDFIs).

Changes were made to the CDFI Program FA and TA Applications to ensure alignment with the Administration’s executive orders and efforts to reduce waste, fraud, and abuse within federal programs.

CDFI Program and NACA Program Award Recipients are selected through a competitive review process. The proposed FA Application requires the submission of quantitative and qualitative information about the Applicant’s Business Strategy, Products and Services, Market and Competitive Analysis, Management and Staffing, Financial Position, and Growth and Projections. The proposed TA Application requires the submission of quantitative and qualitative information about CDFI Certification Qualifications, an Organizational Overview, Business Strategy, and Use of Funds.

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) the accuracy of the estimates of the burden of the information collections. Please note that this notice for public comments relates to the renewal of existing information collection with no material or substantive changes to a currently approved collection.

Comments must be submitted in writing by 60 days after the date of publication of the Federal Register notice via the Federal eRulemaking Portal at www.regulations.gov.

Related Materials:

• Federal Register Notice
• CDFI Program & NACA Program FA Application – For Public Comment
• CDFI Program & NACA Program TA Application – For Public Comment
• CDFI Program & NACA Program Forms, Assurances, and Certifications – For Public Comment