[Federal Register Volume 75, Number 47 (Thursday, March 11, 2010)]
[Notices]
[Page 11634]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-5158]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Proposed Collection; Comment Request

ACTION: Notice and request for comments.

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SUMMARY: The 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 44, U.S.C. 3506(c)(2)(A). 
Currently, the Community Development Financial Institutions (CDFI) 
Fund, Department of the Treasury, is soliciting comments concerning the 
Native American CDFI Assistance (NACA) Application.

DATES: Written comments should be received on or before May 10, 2010 to 
be assured of consideration.

ADDRESSES: Direct all comments to Ruth Jaure, CDFI/NACA Program 
Manager, at the Community Development Financial Institutions Fund, U.S. 
Department of the Treasury, 601 13th Street, NW., Suite 200 South, 
Washington, DC 20005, by e-mail to [email protected] or by 
facsimile to (202) 622-7754. Please note this is not a toll free 
number.

FOR FURTHER INFORMATION CONTACT: The NACA Application may be obtained 
from the Native Initiatives page of the CDFI Fund's Web site at http://www.cdfifund.gov. Requests for additional information should be 
directed to Ruth Jaure, CDFI/NACA Program Manager, Community 
Development Financial Institutions Fund, U.S. Department of the 
Treasury, 601 13th Street, NW., Suite 200 South, Washington, DC 20005, 
or call (202) 622-9156. Please note this is not a toll free number.

SUPPLEMENTARY INFORMATION: 
    Title: Native American CDFI Assistance (NACA) Program Application.
    OMB Number: 1559-0025.
    Abstract: Through NACA, the CDFI Fund provides Financial Assistance 
(FA) awards to Native CDFIs whose Comprehensive Business Plans 
demonstrate community development impact. Impact is measured through 
the deployment of credit, capital, and financial services to the 
applicant's Target Markets or an expansion into new Investment Areas, 
Low-Income Targeted Populations, or Other Targeted Populations.
    The CDFI Fund also provides Technical Assistance (TA) grants to 
certified CDFIs, Sponsoring Entities (such as Tribal governments), and 
other organizations proposing to become Native CDFIs in order to build 
their capacity to better address the community development and capital 
access needs of their existing or proposed Target Markets and/or to 
become certified CDFIs. The regulations governing the CDFI Program are 
found at 12 CFR part 1805 and provide guidance on evaluation criteria 
and other requirements of NACA.
    The questions that the application contains, and the information 
generated thereby, will enable the CDFI Fund to evaluate applicants' 
activities and determine the extent of applicants' eligibility for a 
NACA award. Failure to collect this information could result in 
improper uses of Federal funds.
    Current Actions: Extension of a currently approved collection.
    Type of Review: Regular Review.
    Affected Public: Certified NACA CDFIs and entities seeking NACA 
CDFI Certification.
    Estimated Number of Respondents: 100
    Estimated Annual Time per Respondent: 100 hours
    Estimated Total Annual Burden Hours: 10,000 hours
    Requests for Comments: Comments submitted in response to this 
notice will be summarized and/or included in the request for Office of 
Management and Budget approval. All comments will become a matter of 
public record and may be published on the CDFI Fund website at http://www.cdfifund.gov. 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) estimates 
of capital or start-up costs and costs of operation, maintenance, and 
purchase of services to provide information.
    The CDFI Fund specifically requests comments concerning the 
following: (1) Whether offering separate applications for the FA and TA 
components would reduce the burden on applicants; (2) if an applicant 
eligibility screen should be applied before the application deadline, 
allowing applicants to determine beforehand if they would be qualified 
to receive an award; (3) if detailed Matching Funds documentation 
should be collected later in the application review process, and if the 
Matching Funds documentation is to be collected, what is a reasonable 
amount of time to expect an applicant to provide this data; (4) the 
merit of reducing the narrative page limits in the application; (5) the 
potential burden of requiring specific documents to support proposed 
uses of TA funds, namely Statements of Work for professional services, 
and resumes and/or position descriptions for personnel; and (6) the 
potential burden of requiring additional documentation to support the 
application, namely tax returns (Form 990), Certificates of Good 
Standing, operating budgets, lists of sources of capital, rate sheets 
for products and services, and borrower characteristic profiles.

    Authority: 12 CFR part 1805.

    Dated: March 3, 2010.
Donna J. Gambrell,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2010-5158 Filed 3-10-10; 8:45 am]
BILLING CODE 4810-70-P