[Federal Register Volume 83, Number 172 (Wednesday, September 5, 2018)]
[Notices]
[Pages 45186-45187]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-19194]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Notice of Information Collection and Request for Public Comment

ACTION: Notice and request for public comment.

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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. Currently, the 
Community Development Financial Institutions Fund (CDFI Fund), 
Department of the Treasury, is soliciting comments concerning the 
Community Development Financial Institutions Program--Certification 
Application, which will be submitted through the Awards Management 
Information System (AMIS).

DATES: Written comments must be received on or before November 5, 2018 
to be assured of consideration.

ADDRESSES: Submit your comments via email to Tanya McInnis, Acting 
Program Manager for the Office of Certification, Compliance Monitoring 
and Evaluation, CDFI Fund, at [email protected].

FOR FURTHER INFORMATION CONTACT: Tanya McInnis, Acting Program Manager 
for the Office of Certification, Compliance Monitoring and Evaluation, 
Community Development Financial Institutions Fund, U.S. Department of 
the Treasury, 1500 Pennsylvania Ave. NW, Washington DC 20220 or by 
phone

[[Page 45187]]

at (202) 653-0300. Other information regarding the CDFI Fund and its 
programs may be obtained through the CDFI Fund's website at http://www.cdfifund.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Community Development Financial Institutions Program--
Certification Application.
    OMB Number: 1559-0028.
    Type of Review: Regular Review.
    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. 
The revised application includes four (4) administrative changes 
designed to provide clarification and consistency to better understand 
the work of the CDFI Certification Applicant.
    Affected Public: Businesses or other for-profit institutions, non-
profit entities, and State, local, and Tribal entities participating in 
CDFI Fund programs.
    Estimated Number of Respondents: 300.
    Estimated Annual Time per Respondent: 37.5 hours.
    Estimated Total Annual Burden Hours: 11,250 hours.
    Request 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 
all aspects of the information collection, but commentators may wish to 
focus particular attention on: (a) The cost for CDFIs to operate and 
maintain the services/systems required to provide the required 
information; (b) ways to enhance the quality, utility, and clarity of 
the information to be collected; (c) whether the collection of 
information is necessary for the proper evaluation of the effectiveness 
and impact of the CDFI Fund's programs, including whether the 
information has practical utility; (d) the accuracy of the CDFI Fund's 
estimate of the burden of the collection of information, and; (e) ways 
to minimize the burden of the collection of information including 
through the use of technology.

    Authority:  12 U.S.C. 4703, 4703 note, 4704, 4706, 4707, 4717; 
12 CFR part 1805.

Mary Ann Donovan,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2018-19194 Filed 9-4-18; 8:45 am]
 BILLING CODE 4810-70-P