[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