[Federal Register Volume 75, Number 180 (Friday, September 17, 2010)]
[Notices]
[Pages 57107-57108]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-23301]


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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 
reporting and record retention requirements for the Capital Magnet Fund 
(CMF).

DATES: Written comments should be received on or before November 16, 
2010 to be assured of consideration.

ADDRESSES: Direct all comments to Capital Magnet Fund 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#dcbfb8bab5b4b9b0ac9cbfb8bab5f2a8aeb9bdaff2bbb3aa"><span class="__cf_email__" data-cfemail="e38087858a8b868f93a38087858acd9791868290cd848c95">[email protected]</span></a> or by facsimile to (202) 
622-7754. This is not a toll free number.

FOR FURTHER INFORMATION CONTACT: Additional information about CMF may 
be obtained from the CMF page of the CDFI Fund's Web site at http://www.cdfifund.gov. The CMF Program Awardee Reporting Form may also be 
obtained from the CMF Program page of the CDFI Fund's Web site. 
Requests for

[[Page 57108]]

any 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 Reporting.
    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). Applicants submit 
applications and are evaluated in accordance with statutory 
requirements. Those successful applicants will receive an award and 
ultimately enter into an assistance agreement with the CDFI Fund. The 
Assistance Agreement will set forth certain required terms and 
conditions of the award, including reporting and data collection 
requirements.
    Current Actions: New collection.
    Type of Review: Regular Review.
    Affected Public: Certified and certifiable CDFIs and qualified 
nonprofit housing organizations.
    Estimated Number of Respondents: 20.
    Estimated Annual Time per Respondent: 10 hours per year.
    Estimated Total Annual Burden Hours: 200 hours per year.
    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:  Public Law 110-289.

    Dated: September 9, 2010.
Donna J. Gambrell,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2010-23301 Filed 9-16-10; 8:45 am]
BILLING CODE 4810-70-P


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