[Federal Register Volume 79, Number 196 (Thursday, October 9, 2014)]
[Notices]
[Page 61131]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-24120]



[[Page 61131]]

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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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the Community Development Financial 
Institutions Fund (CDFI) Fund, Department of the Treasury, is 
soliciting comments concerning the CDFI Certification Application.

DATES: Written comments should be received on or before December 8, 
2014 to be assured of consideration.

ADDRESSES: Direct all comments to David Meyer, Program Manager, 
Certification, Compliance Monitoring, and Evaluation, at the Community 
Development Financial Institutions Fund, U.S. Department of the 
Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20020, by email 
to [email protected] or by facsimile to (202) 508-0083. Please 
note this is not a toll free number.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to David Meyer, Program Manager, Certification, 
Compliance Monitoring, and Evaluation, at the Community Development 
Financial Institutions Fund, U.S. Department of the Treasury, 1500 
Pennsylvania Avenue NW., Washington, DC 20020 by email to 
[email protected] or by facsimile to (202) 508-0083. Please note 
this is not a toll free number.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 1559-0028.
    Title: The Community Development Financial Institutions 
Certification Application.
    ABSTRACT: A certified Community Development Financial Institution 
(CDFI) is a specialized financial institution that works in market 
niches that are underserved by traditional financial institutions. 
CDFIs provide a unique range of financial products and services in 
economically distressed target markets, such as mortgage financing for 
low-income and first-time homebuyers and not-for-profit developers, 
flexible underwriting and risk capital for needed community facilities, 
and technical assistance, commercial loans and investments to small 
start-up or expanding businesses in low-income areas. CDFIs include 
regulated institutions such as community development banks and credit 
unions, and non-regulated institutions such as loan and venture capital 
funds.
    CDFI certification is a designation conferred by the CDFI Fund and 
is a requirement for accessing financial and technical assistance 
awards from the CDFI Fund through the CDFI Program and Native American 
CDFI Assistance Program, as well as certain benefits under the Bank 
Enterprise Award Program, to support an organization's established 
community development financing programs. A financial institution 
seeking to become a certified CDFI and qualify to access assistance 
from the CDFI Fund must complete the CDFI Certification Application.
    Type of Review: Extension without change.
    Affected Public: Private Sector: Businesses or other for-profits, 
Not-for-profit institutions; State, Local, and Tribal Governments.
    Estimated Number of Respondents: 300.
    Estimated Annual Time per Respondent: 37.5 hours.
    Estimated Total Annual Burden Hours: 11,250 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 and may 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:  12 U.S.C. 4703, 4703 note, 4704, 4706, 4707, 4717; 
12 CFR part 1805.

    Dated: September 30, 2014.
Dennis Nolan,
Deputy Director, Community Development Financial Institutions Fund.
[FR Doc. 2014-24120 Filed 10-8-14; 8:45 am]
BILLING CODE 4810-70-P