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[Federal Register Volume 89, Number 236 (Monday, December 9, 2024)]
[Notices]
[Pages 97705-97706]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-28833]

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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 U.S. Department of the Treasury, as part of a 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 (PRA) of 1995. Currently, the Community 
Development Financial Institutions Fund (CDFI Fund), U.S. Department of 
the Treasury, is soliciting comments concerning information collections 
utilized by the CDFI Bond Guarantee Program (BG Program). Information 
on the BG Program can be found on the CDFI Fund's website at https://www.cdfifund.gov/programs-training/programs/cdfi-bond.

DATES: Written comments must be received on or before February 7, 2025 
to be assured of consideration.

ADDRESSES: You may submit comments concerning the BG Program 
information collections via the Federal e-Rulemaking Portal at 
www.regulations.gov. Follow the instructions on the website for the 
submission of comments. In general, all comments will be available for 
inspection at www.regulations.gov. Comments, including attachments and 
other supporting materials, are part of the public record. Do not 
submit any information in your comments or supporting materials that 
you consider confidential or inappropriate for public disclosure.

FOR FURTHER INFORMATION CONTACT: Susan Suckfiel, BG Program Manager, 
CDFI Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue 
NW, Washington DC 20220, (202) 653-0421 (not a toll-free number) or by 
email to [email protected]. Information regarding the CDFI Fund and 
its programs may be obtained through the CDFI Fund's website at http://www.cdfifund.gov.

SUPPLEMENTARY INFORMATION: 
    Titles: BG Program Information Collections--(1) Qualified Issuer 
Application, (2) Guarantee Application, (3) Secondary Loan Requirements 
Certification, (4) Financial Condition Monitoring Report, (5) Pledged 
Loan Monitoring Report, (6) Tertiary Loan Monitoring Report, (7) Annual 
Assessment Report, and (8) Secondary Loan Commitment Form.
    OMB Number: 1559-0044.
    Abstract: The purpose of the Community Development Financial 
Institutions (CDFI) Bond Guarantee Program (BG Program) is to support 
CDFI lending by providing Guarantees for Bonds issued by Qualified 
Issuers as part of a Bond Issue for Eligible Community or Economic 
Development Purposes. The BG Program provides CDFIs with a source of 
long-term capital and further the mission of the CDFI Fund to increase 
economic opportunity and promote community development investments for 
underserved populations and distressed communities in the United 
States. The CDFI Fund achieves its mission by promoting access to 
capital and local economic growth by investing in, supporting, and 
training Community Development Financial Institutions (CDFIs). The 
operation of the BG Program is supported by the collection of 
information across various forms, collectively the BG Program 
Information Collections: (1) Qualified Issuer Application, (2) 
Guarantee Application, (3) Secondary Loan Requirements Certification, 
(4) Financial Condition Monitoring Report, (5) Pledged Loan Monitoring 
Report, (6) Tertiary Loan Monitoring Report, (7) Annual Assessment 
Report, and (8) Secondary Loan Commitment Form. There are no 
significant content changes to the forms; however, minor, non-
substantive changes may have been made to certain forms in order to 
improve the clarity and/or accuracy of the data collections.
    Copies of the forms constituting the BG Program Information 
Collection may be found on the CDFI Fund's website at https://www.cdfifund.gov.
    Current Actions: Extension without change of currently approved 
collection.
    Type of Review: Regular.
    Affected Public: Approved Eligible CDFIs and Qualified Issuers 
(QI).

                                 Table 1--All Forms--Estimated Reporting Burden
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                                                               Number of     Number of                Number of
                     Form                       Number of    responses per     annual     Hours per     hours
                                               respondents    respondent     responses    response     annually
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Bond Guarantee Program Application Materials            20               1           20          80        1,600
 (Qualified Issuer Application and Guarantee
 Application)................................
Financial Condition Monitoring (FCM) Report..           40               4          160         1.5          240
Pledged Loan Monitoring (PLM) Report.........           40              12          480         1.5          720
Tertiary Loan Monitoring (TLM) Report........           15              12          180         1.5          270
Annual Assessment............................           40               1           40           2           80
Secondary Loan Commitment Form and                      40               1           40           3          120
 Certification Form..........................
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    Total....................................  ...........  ..............          920  ..........        3,030
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    Request 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. Comments concerning the BG Program 
Information Collection are invited on: (a) whether the collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency'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

[[Page 97706]]

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 required to provide information.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collections of 
information displays a valid OMB control number.
    Authority: 12 CFR part 1808.

Pravina Raghavan,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2024-28833 Filed 12-6-24; 8:45 am]
BILLING CODE 4810-05-P
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