Notice2025-03307
Agency Information Collection Activities; Proposed Collection; Comment Request; The Community Development Financial Institutions (CDFI)
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 28, 2025
Issuing agencies
Treasury Department
Abstract
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 comment on the proposed information collections listed below, in accordance with the Paperwork Reduction Act of 1995.
Full Text
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<title>Federal Register, Volume 90 Issue 39 (Friday, February 28, 2025)</title>
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[Federal Register Volume 90, Number 39 (Friday, February 28, 2025)]
[Notices]
[Pages 10993-10994]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-03307]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Proposed Collection;
Comment Request; The Community Development Financial Institutions
(CDFI)
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, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other federal agencies to comment on the proposed
information collections listed below, in accordance with the Paperwork
Reduction Act of 1995.
DATES: Comments should be received on or before March 31, 2025 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 <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
Copies of the submissions may be obtained from Melody Braswell by
emailing <a href="/cdn-cgi/l/email-protection#5c0c0e1d1c282e393d2f292e25723b332a"><span class="__cf_email__" data-cfemail="48181a09083c3a2d293b3d3a31662f273e">[email protected]</span></a>, calling (202) 622-1035, or viewing the
entire information collection request at <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Community Development Financial Institution (CDFI)
Title: Bond Guarantee Program.
OMB Control Number: 1559-0044.
Forms: 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.
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
[[Page 10994]]
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 <a href="https://www.cdfifund.gov">https://www.cdfifund.gov</a>.
Current Actions: Extension without change of currently approved
collection.
Type of Review: Regular.
Affected Public: Approved Eligible CDFIs and Qualified Issuers
(QI).
All Forms--Estimated Reporting Burden
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Number of Number of
Form Number of responses per annual Hours per Number of
respondents respondent responses response hours annually
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Bond Guarantee Program 20 1 20 80 1,600
Application Materials..........
Financial Condition Monitoring 40 4 160 1.66 280
(FCM) Report...................
Pledged Loan Monitoring (PLM) 40 12 480 1.66 840
Report.........................
Tertiary Loan Monitoring (TLM) 15 12 180 1.66 300
Report.........................
Annual Assessment............... 40 1 40 2 80
Secondary Loan Commitment Form 40 1 40 3.14 130
and Certification..............
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Total....................... .............. .............. 920 .............. 3,230
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Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2025-03307 Filed 2-27-25; 8:45 am]
BILLING CODE 4810-70-P
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