[Federal Register Volume 75, Number 143 (Tuesday, July 27, 2010)]
[Notices]
[Pages 44053-44054]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-18372]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Proposed Collection; Comment Request: CDFI/CDE Project Profiles 
Web Form

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 
CDFI/CDE Project Profile Web Form, a voluntary information collection 
effort involving all CDFI Fund programs. The specific information 
collection relates to the voluntary collection of narrative 
descriptions of projects financed by CDFI Fund awardees and allocatees 
in response to the public's request for better and more narrative 
information on impact and best practices associated with all of the 
CDFI Fund's programs. The purpose of the information collection is to 
more fully describe and record the innovative approaches community 
development financial institutions (CDFIs) and community development 
entities (CDEs) use in revitalizing communities and serving families, 
and the impact that these CDFIs and CDEs are realizing. CDFI Fund 
awardees and allocatees will be invited to submit narratives on 
community development projects that they believe demonstrate innovation 
or high impact. The project description may be for a project previously 
reported to the CDFI Fund through the Community Investment Impact 
System (CIIS) or for a new project that has not yet been reported in 
CIIS. The CDFI Fund plans to use the descriptions in CDFI Fund 
publications, on its Web site and in other ways to highlight the work 
of its awardees and allocatees.

DATES: Written comments should be received on or before September 27, 
2010 to be assured of consideration.

ADDRESSES: Please direct all comments on the CDFI/CDE Project Profiles 
Web Form in writing to Kimberly Beauman, Legislative and External 
Affairs Specialist, CDFI 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: A draft of the information collection 
may be obtained from the CDFI Fund's Web site at http://www.cdfifund.gov. Requests for additional information should be 
directed to Kimberly Beauman, Legislative and External Affairs 
Specialist, CDFI Fund, U.S. Department of the Treasury, 601 13th 
Street, NW., Suite 200 South, Washington, DC 20005, or by phone to 
(202) 622-4436.

SUPPLEMENTARY INFORMATION:
    Title: CDFI/CDE Project Profile Web Form.
    Abstract: The voluntary collection of narrative descriptions of 
projects financed by CDFI Fund awardees and allocatees via the CDFI/CDE 
Project Profile Web Form is in response to the public's request for 
better and more narrative information on impact and best practices 
associated with all of the CDFI Fund's programs. The purpose is to more 
fully describe and record the innovative approaches CDFIs (Community 
Development Financial Institutions) and CDEs (Community Development 
Entity) use in revitalizing communities and serving families, and the 
impact that these CDFIs and CDEs are realizing.
    Each best practice is generated by one or more of the following six 
CDFI Fund programs:
    1. Through the CDFI Program by directly investing in, supporting 
and

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training CDFIs that provide loans, investments, financial services and 
technical assistance to underserved populations and communities;
    2. Through the New Markets Tax Credit (NMTC) Program by providing 
an allocation of tax credit authority to CDEs which enable them to 
attract investment from the private-sector and to reinvest these 
amounts in low-income communities;
    3. Through the Bank Enterprise Award (BEA) Program by providing an 
incentive to FDIC insured banks and thrifts to invest in their 
communities and in CDFIs;
    4. Through the Native American CDFI Assistance (NACA) Program, by 
providing financial assistance, technical assistance, and training to 
Native CDFIs and other Native entities proposing to become or create 
Native CDFIs;
    5. Through the Capital Magnet Fund (CMF) Program, by providing 
competitively awarded grants to CDFIs and qualified nonprofit housing 
organizations to finance affordable housing activities as well as 
related economic development activities and community service 
facilities; and
    6. Through the Financial Education and Counseling (FEC) Pilot 
Program, by providing grants to CDFIs and other eligible organizations 
to enable them to provide a range of financial education and counseling 
services to prospective homebuyers.
    Current Actions: Revision of a currently approved collection.
    Type of review: Regular review.
    Affected Public: CDFIs and CDEs, including business or other for-
profit institutions, nonprofit entities, and State, local and Tribal 
entities.
    Estimated Number of Respondents: 100.
    Estimated Annual Time per Respondent: 2.5 hours.
    Estimated Total Annual Burden Hours: 250 hours.
    Requests for Comments: Comments submitted in response to this 
notice will be summarized and/or included in the request for OMB 
approval. All comments will become a matter of public record. Comments 
are invited on: (a) The accuracy of the agency's estimate of the burden 
of the collection of information; (b) ways to enhance the quality, 
utility, and clarity of the information to be collected; and (c) ways 
to minimize the burden of the collection of information on respondents, 
including through the use of technology.

    Authority:  12 U.S.C. 4707 et seq.; 26 U.S.C. 45D.

    Dated: July 21, 2010.
Donna J. Gambrell,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2010-18372 Filed 7-26-10; 8:45 am]
BILLING CODE 4810-70-P