[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