[Federal Register Volume 76, Number 73 (Friday, April 15, 2011)]
[Notices]
[Pages 21426-21427]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-9205]


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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 U.S. 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 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 (CDFI) 
Fund, Department of the Treasury, is soliciting comments concerning the 
Capital Magnet Fund (CMF) Environmental Review Notification Report 
(ERNR).

DATES: Written comments should be received on or before June 14, 2011 
to be assured of consideration.

ADDRESSES: Direct all comments to David Dworkin, Program Manager, 
Community Development Financial Institutions Fund, U.S. Department of 
the Treasury, 601 13th Street, NW., Suite 200 South, Washington, DC 
20005, by e-mail to <a href="/cdn-cgi/l/email-protection#a9cacdcfc0c1ccc5d9e9cacdcfc087dddbccc8da87cec6df"><span class="__cf_email__" data-cfemail="debdbab8b7b6bbb2ae9ebdbab8b7f0aaacbbbfadf0b9b1a8">[email protected]</span></a> or by facsimile to (202) 
622-7754. This is not a toll free number.

FOR FURTHER INFORMATION CONTACT: The CMF Environmental Review 
Notification Report may be obtained from the CMF page of the CDFI 
Fund's Web site at http://www.cdfifund.gov. Requests for additional 
information should be directed to David Dworkin, Program Manager, 
Community Development Financial Institutions Fund, U.S. Department of 
the Treasury, 601 13th Street, NW., Suite 200 South, Washington, DC 
20005, or call (202) 622-6355. This is not a toll free number.

SUPPLEMENTARY INFORMATION:
    Title: Capital Magnet Fund Environmental Review Notification 
Report.
    Abstract: The purpose of the CMF is to competitively award grants 
to certified CDFIs and qualified nonprofit housing organizations to 
finance affordable housing and related community development projects. 
The CMF was authorized in July of 2008 under Section 1339 of the 
Housing and Economic Recovery Act of 2008 (Pub. L. 110-289), and $80 
million was appropriated for this initiative under the Consolidated 
Appropriations Act of 2010 (Pub. L. 111-117). Successful CMF Applicants 
who receive awards must enter into assistance agreements with the CDFI 
Fund. The assistance agreement will set forth certain required terms 
and conditions of the award, including reporting and data collection 
requirements. The assistance agreement also requires the awardee to 
complete and submit the ERNR each time the awardee identifies a new CMF 
project for which (i) a categorical exclusion does not apply, or (ii) 
the awardee determines that the proposed project does involve actions 
that normally require an Environmental Impact Statement; as described 
in the CDFI

[[Page 21427]]

Fund Environmental Quality Regulations (12 CFR part 1815). The ERNR 
will assist the CDFI Fund in determining whether additional 
environmental review is necessary for the proposed CMF project, as 
mandated by 12 CFR Part 1815.
    Current Actions: New collection.
    Type of Review: Regular Review.
    Affected Public: Capital Magnet Fund Awardees.
    Estimated Number of Respondents: 20.
    Estimated Annual Time per Respondent: 4 hours.
    Estimated Total Annual Burden Hours: 80 hours.
    Requests For Comments: Comments submitted in response to this 
notice will be summarized and/or included in the request for Office of 
Management and Budget approval. All comments will become a matter of 
public record and will 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:  Pub. L. 110-289.

    Dated: April 8, 2011.
Donna Gambrell,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2011-9205 Filed 4-14-11; 8:45 am]
BILLING CODE 4810-70-P


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