CDFI Fund Releases Public Comments on CIIS, Compliance Reporting
The Community Development Financial Institutions (CDFI) Fund today released responses to its request for public comment on the annual Community Investment Impact System (CIIS) required from participants in the CDFI program, the Native American CDFI Assistance (NACA) program or the New Markets Tax Credit (NMTC) program. CIIS includes quantitative information for CDFIs and community development entities (CDEs) and is used to assess awardees’ activities and overall program compliance. Comments were invited on all aspects of the information collection, including its efficiency and effectiveness. Respondents’ suggestions include improving the geocoding system; clarifying multi-CDE reporting guidance; updating the CIIS hardware and software systems; and eliminating data fields for non-essential or optional information.
Tune into the Feb. 11 Tax Credit Tuesday podcast to hear more about the comment letters and the CDFI Fund’s responses to the public’s suggestions.