[Federal Register Volume 75, Number 125 (Wednesday, June 30, 2010)]
[Notices]
[Page 37880]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-15897]



[[Page 37880]]

=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Proposed Collection; Comment Request

AGENCY: Community Development Financial Institutions Fund, Department 
of the Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: 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 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 (CDFI) 
Fund, Department of the Treasury, is soliciting comments concerning the 
Capital Magnet Fund (CMF) Application.

DATES: Written comments should be received on or before August 30, 2010 
to be assured of consideration.

ADDRESSES: Direct all comments to David Dworkin, Program Manager, 
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. This is not a toll-free number.

FOR FURTHER INFORMATION CONTACT: The CMF Application may be obtained 
from the CMF page of the CDFI Fund's Web site at http://www.cdfifund.gov. Requests for additional information should be 
directed to David Dworkin, 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-
6355. This is not a toll-free number.

SUPPLEMENTARY INFORMATION:
    Title: Capital Magnet Fund Application.
    OMB Number: 1559-0036.
    Abstract: The purpose of the CMF is to competitively award grants 
to certified CDFIs and qualified nonprofit housing organizations to 
finance affordable housing and related community development projects. 
The CMF was authorized in July of 2008 under Section 1339 of the 
Housing and Economic Recovery Act of 2008 (Pub. L. 110-289), and $80 
million was appropriated for this initiative under the Consolidated 
Appropriations Act of 2010 (Pub. L. 111-117).
    Current Actions: New collection.
    Type of Review: Regular Review.
    Affected Public: Certified and certifiable CDFIs and qualified 
nonprofit housing organizations.
    Estimated Number of Respondents: 250.
    Estimated Annual Time per Respondent: 50 hours.
    Estimated Total Annual Burden Hours: 12,500 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 will be published on the CDFI Fund Web site 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.

    Authority:  Pub. L. 110-289.

    Dated: June 23, 2010.
Scott Berman,
Acting Chief Operating Officer, Community Development Financial 
Institutions Fund.
[FR Doc. 2010-15897 Filed 6-29-10; 8:45 am]
BILLING CODE 4810-70-P