United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2000_register executive 2010-09-23 article Part II Rules and Regulations D09002ee1c81f1f76 D09002ee1c81f2081 United States Department of the Treasury originator org United States Government Agency or Subagency United States Community Development Financial Institutions Fund originator org United States Government Agency or Subagency The Department of the Treasury is issuing a revised interim rule implementing the Community Development Financial Institutions Program (CDFI Program) administered by the Community Development Financial Institutions Fund (Fund). The purpose of the CDFI Program is to promote economic revitalization and community development through investment in and assistance to Community Development Financial Institutions (CDFIs). Under the CDFI Program, the Fund provides financial and technical assistance in the form of grants, loans, equity investments and deposits to competitively selected CDFIs. The Fund provides such assistance to CDFIs to enhance their ability to make loans and investments, and to provide services for the benefit of designated investment areas, targeted populations, or both (target markets). In order for an organization to qualify as a CDFI, the organization must meet specific eligibility criteria. Two such criteria are that the organization shall have a primary mission of promoting community development and its total activities must be principally directed toward serving a target market. This revised interim rule makes three changes. First, it clarifies the primary mission eligibility test. Second, the revised interim rule provides that an organization can establish that its target market has either significant unmet needs for or lacks adequate access to loans or equity investments by demonstrating a lack of adequate access to financial services. Third, this revised interim rule reduces the burden for an organization to demonstrate that it serves a targeted population comprised of an identifiable group of individuals lacking access to loans, equity investments, or financial services. In order to facilitate implementation of the CDFI Program by participating CDFIs, the complete text of the regulations, as amended, is published by this revised interim rule. 65 FR 49642 https://www.govinfo.gov/app/details/FR-2000-08-14/00-20267 00-20267 fr14au00-20 RIN 1505-AA71 4810-70-P https://www.govinfo.gov/app/details/FR-2000-08-14/00-20267 https://www.govinfo.gov/content/pkg/FR-2000-08-14/html/00-20267.htm https://www.govinfo.gov/content/pkg/FR-2000-08-14/pdf/00-20267.pdf Community Development Grant Programs-Housing and Community Development Loan Programs-Housing and Community Development Reporting and Recordkeeping Requirements Small Businesses 15 p. 49642 49656 65 FR 49642 Title 12 Part 1805 12 CFR Part 1805 RIN 1505-AA71 Community Development Financial Institutions Program; Federal Register Vol. 65, Issue RULE 00-20267 II DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund 2000-08-14 4810-70-P 00-20267 Revised interim rule with request for comment.

The Department of the Treasury is issuing a revised interim rule implementing the Community Development Financial Institutions Program (CDFI Program) administered by the Community Development Financial Institutions Fund (Fund). The purpose of the CDFI Program is to promote economic revitalization and community development through investment in and assistance to Community Development Financial Institutions (CDFIs). Under the CDFI Program, the Fund provides financial and technical assistance in the form of grants, loans, equity investments and deposits to competitively selected CDFIs. The Fund provides such assistance to CDFIs to enhance their ability to make loans and investments, and to provide services for the benefit of designated investment areas, targeted populations, or both (target markets). In order for an organization to qualify as a CDFI, the organization must meet specific eligibility criteria. Two such criteria are that the organization shall have a primary mission of promoting community development and its total activities must be principally directed toward serving a target market. This revised interim rule makes three changes. First, it clarifies the primary mission eligibility test. Second, the revised interim rule provides that an organization can establish that its target market has either significant unmet needs for or lacks adequate access to loans or equity investments by demonstrating a lack of adequate access to financial services. Third, this revised interim rule reduces the burden for an organization to demonstrate that it serves a targeted population comprised of an identifiable group of individuals lacking access to loans, equity investments, or financial services. In order to facilitate implementation of the CDFI Program by participating CDFIs, the complete text of the regulations, as amended, is published by this revised interim rule.

Revised interim rule effective August 14, 2000. Maurice A. Jones, Deputy Director for Policy and Programs, Community Development Financial Institutions Fund, at (202) 622-8662. (This is not a toll free number.) Community Development Grant Programs-Housing and Community Development Loan Programs-Housing and Community Development Reporting and Recordkeeping Requirements Small Businesses Community Development Financial Institutions Program; implementation, http://www.treas.gov/cdfi http://www.whitehouse.gov/OMB/grants/index.html Vol. 65, no. 157 Office of the Federal Register, National Archives and Records Administration 2000-08-14 continuing daily deposited born digital 264 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2000-08-14 P0b002ee1809f820e 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr14au00 https://www.govinfo.gov/app/details/FR-2000-08-14 https://www.govinfo.gov/content/pkg/FR-2000-08-14/pdf/FR-2000-08-14.pdf https://www.govinfo.gov/content/pkg/FR-2000-08-14/xml/FR-2000-08-14.xml fdlp 49469 49717 DGPO 2010-09-23 2024-06-08 FR-2000-08-14 machine generated eng FR FR-2000-08-14 65 157