[Federal Register Volume 89, Number 211 (Thursday, October 31, 2024)]
[Notices]
[Pages 86915-86916]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-25328]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Capital Magnet Fund Performance Report and 
Environmental Review Form

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice of information collection; request for comment.

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SUMMARY: The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on this request.

DATES: Comments should be received on or before December 2, 2024 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing <a href="/cdn-cgi/l/email-protection#5303011213272136322026212a7d343c25"><span class="__cf_email__" data-cfemail="3c6c6e7d7c484e595d4f494e45125b534a">[email protected]</span></a>, calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Community Development Financial Institutions Fund (CDFI Fund)

    Title: Capital Magnet Fund Performance Report and Environmental 
Review Form.
    OMB Control Number: 1559-NEW.
    Type of Review: Request for a New OMB Control Number.
    Description: The Capital Magnet Fund (CMF) was established through 
the Housing and Economic Recovery Act of 2008 (HERA; Pub. L. 110-289), 
as a

[[Page 86916]]

competitive grant program administered by the Community Development 
Financial Institutions Fund (CDFI Fund). Through CMF, the CDFI Fund 
provides federal financial assistance to Certified Community 
Development Financial Institutions (CDFIs) and qualified Nonprofit 
Organizations that have the development or management of Affordable 
Housing, as defined in 12 CFR 1807, as amended (effective June 25, 
2024), as one of their principal purposes. CMF Awards must be used to 
attract private financing for and increase investment in: (i) the 
Development, Preservation, Rehabilitation, and Purchase of Affordable 
Housing for primarily Extremely Low-, Very Low-, and Low-Income 
Families; and (ii) Economic Development Activities which, in 
conjunction with Affordable Housing Activities, will implement a 
Concerted Strategy to stabilize or revitalize a Low-Income Area or an 
Underserved Rural Area.
    CMF Award Recipients enter into Assistance Agreements with the CDFI 
Fund that set forth required terms and conditions of the Award, 
including reporting and data collection requirements. The Assistance 
Agreement requires the submission of an annual CMF Performance Report, 
and if applicable, the submission of an Environmental Review Form 180 
days prior to issuing a Commitment for a project.
    Form: CMF Performance Report, CMF Environmental Review.
    Affected Public: Certified Community Development Financial 
Institutions (CDFIs) and qualified Nonprofit Organizations.
    Estimated Number of Respondents: 386.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 391.
    Estimated Time per Response: 20 hours for the Performance Report 
and 30 minutes for the Environmental Review Form.
    Estimated Total Annual Burden Hours: 7,723.
    Authority: 44 U.S.C. 3501 et seq.

Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024-25328 Filed 10-30-24; 8:45 am]
BILLING CODE 4810-70-P


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