Changes to Data Reporting Requirements for Certified CDFIs
Comments to Community Development Financial Institutions Fund (OMB #1559-0046)
The Community Development Financial Institutions (CDFI) Fund requires that certified CDFIs, including CSBDF, submit annual reports regarding our activities. The Fund has recently proposed substantial changes to the data reporting process. We strongly agree with the spirit of the proposed changes, which is to increase data quality while reducing administrative reporting burdens. But we believe the proposed changes do little to provide higher quality data that can be used for CDFI performance measurement and program evaluation.
WHY THIS MATTERS
To date a large amount of theoretical and case study research has highlighted the important role of CDFIs in aiding in neighborhood level revitalization, contributing to sustainable urban renewal, and increasing the rate of small business creation. But a lack of national level data continues to make rigorous analyses of CDFI activities a difficult undertaking.
VIEW CSBDF’S FULL PUBLIC COMMENT
Carolina Small Business Development Fund. 2020. “Comments on the Annual Certification and Data Collection Report Form and the Certification Transaction Level Report.” http://carolinasmallbusiness.org/publications/cdfi-acr-ctlr/.