83 FR 45186 - Notice of Information Collection and Request for Public Comment
DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund Federal Register Volume 83, Issue 172 (September 5, 2018)
Community Development Financial Institutions Fund
Federal Register Volume 83, Issue 172 (September 5, 2018)
| Page Range | 45186-45187 | |
| FR Document | 2018-19194 |
[Federal Register Volume 83, Number 172 (Wednesday, September 5, 2018)] [Notices] [Pages 45186-45187] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-19194] ======================================================================= ----------------------------------------------------------------------- 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. ----------------------------------------------------------------------- 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 take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13. Currently, the Community Development Financial Institutions Fund (CDFI Fund), Department of the Treasury, is soliciting comments concerning the Community Development Financial Institutions Program--Certification Application, which will be submitted through the Awards Management Information System (AMIS). DATES: Written comments must be received on or before November 5, 2018 to be assured of consideration. ADDRESSES: Submit your comments via email to Tanya McInnis, Acting Program Manager for the Office of Certification, Compliance Monitoring and Evaluation, CDFI Fund, at ccme@cdfi.treas.gov. FOR FURTHER INFORMATION CONTACT: Tanya McInnis, Acting Program Manager for the Office of Certification, Compliance Monitoring and Evaluation, Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington DC 20220 or by phone [[Page 45187]] at (202) 653-0300. Other information regarding the CDFI Fund and its programs may be obtained through the CDFI Fund's website at http://www.cdfifund.gov. SUPPLEMENTARY INFORMATION: Title: Community Development Financial Institutions Program-- Certification Application. OMB Number: 1559-0028. Type of Review: Regular Review. Abstract: A certified Community Development Financial Institution (CDFI) is a specialized financial institution that works in market niches that are underserved by traditional financial institutions. CDFIs provide a unique range of financial products and services in economically distressed target markets, such as mortgage financing for low-income and first-time homebuyers and not-for-profit developers, flexible underwriting and risk capital for needed community facilities, and technical assistance, commercial loans and investments to small start-up or expanding businesses in low-income areas. CDFIs include regulated institutions such as community development banks and credit unions, and non-regulated institutions such as loan and venture capital funds. CDFI certification is a designation conferred by the CDFI Fund and is a requirement for accessing financial and technical assistance awards from the CDFI Fund through the CDFI Program and Native American CDFI Assistance Program, as well as certain benefits under the Bank Enterprise Award Program, to support an organization's established community development financing programs. A financial institution seeking to become a certified CDFI and qualify to access assistance from the CDFI Fund must complete the CDFI Certification Application. The revised application includes four (4) administrative changes designed to provide clarification and consistency to better understand the work of the CDFI Certification Applicant. Affected Public: Businesses or other for-profit institutions, non- profit entities, and State, local, and Tribal entities participating in CDFI Fund programs. Estimated Number of Respondents: 300. Estimated Annual Time per Respondent: 37.5 hours. Estimated Total Annual Burden Hours: 11,250 hours. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on all aspects of the information collection, but commentators may wish to focus particular attention on: (a) The cost for CDFIs to operate and maintain the services/systems required to provide the required information; (b) ways to enhance the quality, utility, and clarity of the information to be collected; (c) whether the collection of information is necessary for the proper evaluation of the effectiveness and impact of the CDFI Fund's programs, including whether the information has practical utility; (d) the accuracy of the CDFI Fund's estimate of the burden of the collection of information, and; (e) ways to minimize the burden of the collection of information including through the use of technology. Authority: 12 U.S.C. 4703, 4703 note, 4704, 4706, 4707, 4717; 12 CFR part 1805. Mary Ann Donovan, Director, Community Development Financial Institutions Fund. [FR Doc. 2018-19194 Filed 9-4-18; 8:45 am] BILLING CODE 4810-70-P
![45186 Federal Register / Vol. 83, No. 172 / Wednesday, September 5, 2018 / Notices
development and promotion. Interviews project, according to DOT&PF’s self- defends FHWA’s environmental
revealed: (1) inconsistent preparation assessment summary report. Through decisions in court. (MOU Section 6.1.1)
and use of an ITP as is required for interviews, the Audit Team learned that
Next Steps
employees; (2) perceptions that training the DOT&PF believes the resource
requirements for flexing from an agencies will observe little change in The FHWA provided this draft audit
Analyst 1 to Analyst 2 position are communication and consultation report to DOT&PF for a 14-day review
clearly spelled out, but not for because DOT&PF had been operating and comment period. The Audit Team
advancement beyond an Analyst 2 under a 23 U.S.C. 326 MOU since considered DOT&PF comments in
position; (3) concerns that training September 2009. developing this draft audit report. The
opportunities are too limited or not The DOT&PF’s self-assessment FHWA will publish a notice in the
available; and (4) some employees have summary report suggests some early Federal Register for a 30-day comment
not had a performance review in several efficiencies have been observed, but the period in accordance with 23 U.S.C.
years. Based on this input, the Audit consensus from interviews was that it is 327(g). No later than 60 days after the
Team suggests that the DOT&PF focus too early to determine if substantial close of the comment period, FHWA
on additional ways to improve increased efficiencies and timeliness will respond to all comments submitted
implementation of their Training Plan. will result from the program. Some to finalize this draft audit report
d) Regarding training needs, DOT&PF individuals indicated that over time the pursuant to 23 U.S.C. 327(g)(B). The
staff indicated a need for Section 4(f) program should result in increased FHWA will publish the final audit
training, according to interviews in all efficiencies and timeliness. report in the Federal Register.
three regions and SEO. Multiple Through interviews, the Audit Team [FR Doc. 2018–19184 Filed 9–4–18; 8:45 am]
interviewees also identified a need for learned that data for performance BILLING CODE 4910–22–P
training in noise and floodplains. measures are being collected and
Training needs cited at a lesser presented quarterly to DOT&PF
frequency included ESA, cumulative DEPARTMENT OF THE TREASURY
management for use in decisionmaking.
effects, Section 408, EA/EIS, QA/QC,
Also, that DOT&PF believes the existing
Planning and Environmental Linkages, Community Development Financial
performance measures are
stream enhancement, NEPA, conflict Institutions Fund
comprehensive and adequate. The
resolution and mediation. Given that the
DOT&PF leadership said that Notice of Information Collection and
DOT&PF is now implementing
performances measures will be Request for Public Comment
additional environmental review
evaluated annually to determine if
responsibilities based on the MOU, and
adjustment is needed. Notice and request for public
ACTION:
staff recognize the need to be prepared
to embrace those responsibilities, the Legal Sufficiency comment.
Audit Team urges the DOT&PF to SUMMARY: The Department of the
Interviews with both staff and
address these training needs Treasury, as part of its continuing effort
management attorneys emphasized the
expeditiously, and be sensitive to to reduce paperwork and respondent
ongoing training needs. legal sufficiency review process
emulated FHWA’s ‘‘early legal burden, invites the general public and
Performance Measures involvement’’ concept, i.e., bringing a other Federal agencies to take this
lawyer onto the reviewing team at an opportunity to comment on proposed
The DOT&PF has demonstrated it has
early stage in project development. We and/or continuing information
taken an active interest in developing,
learned that DOT&PF staff do not need collections, as required by the
monitoring, and implementing the
to go through management to talk to an Paperwork Reduction Act of 1995,
performance measures required by the
attorney, but may call or email at any Public Law 104–13. Currently, the
MOU. The March 21, 2018, DOT&PF
time (and, with regard to EAs, have Community Development Financial
NEPA Assignment Self-Assessment
done so under NEPA Assignment). Institutions Fund (CDFI Fund),
Summary Report contained the results
Management noted specific review steps Department of the Treasury, is soliciting
of the DOT&PF’s first report of its
are to take place at the both draft and comments concerning the Community
assessment of NEPA Assignment and
DOT&PF procedures compliance. The final stages for assigned EISs and Development Financial Institutions
DOT&PF’s March 1, 2017, response to Individual Section 4(f) Evaluations. Program—Certification Application,
FHWA’s PAIR included answers to At this time, the Alaska Department of which will be submitted through the
questions posed on performance Law (DOL) expressed no intention of Awards Management Information
measures. Because of the information expanding the number of staff attorneys System (AMIS).
provided in these two documents, assigned to document review; however, DATES: Written comments must be
combined with the fact that a relatively it has a contingency plan should received on or before November 5, 2018
brief period of time has transpired since workload increase significantly in to be assured of consideration.
the MOU became effective, the Audit future. Specifically, should DOT&PF be ADDRESSES: Submit your comments via
Team has not identified any sued over an assigned project, DOL email to Tanya McInnis, Acting Program
observations or successful practices tentatively intends to contract with Manager for the Office of Certification,
here. However, the following discussion outside counsel (per 23 U.S.C. Compliance Monitoring and Evaluation,
describes the current status of the 327[a][2][G]) to handle the litigation CDFI Fund, at ccme@cdfi.treas.gov.
DOT&PF’s performance measures. rather than make a single staff attorney FOR FURTHER INFORMATION CONTACT:
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The DOT&PF’s performance measure divide his time between document Tanya McInnis, Acting Program
to assess change in communication review and defending the case. The Manager for the Office of Certification,
among the DOT&PF, Federal and State Transportation Section attorney would Compliance Monitoring and Evaluation,
resource agencies, and the public act as support counsel to the litigators Community Development Financial
resulting from assumption of in a manner similar to the way FHWA Institutions Fund, U.S. Department of
responsibilities under this MOU was counsel provide litigation support to the the Treasury, 1500 Pennsylvania Ave.
based on the experience of a single EA U.S. Department of Justice when it NW, Washington DC 20220 or by phone
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![Federal Register / Vol. 83, No. 172 / Wednesday, September 5, 2018 / Notices 45187
at (202) 653–0300. Other information CDFI certification is a designation be summarized and/or included in the
regarding the CDFI Fund and its conferred by the CDFI Fund and is a request for OMB approval. All
programs may be obtained through the requirement for accessing financial and comments will become a matter of
CDFI Fund’s website at http:// technical assistance awards from the public record. Comments are invited on
www.cdfifund.gov. CDFI Fund through the CDFI Program all aspects of the information collection,
SUPPLEMENTARY INFORMATION: and Native American CDFI Assistance but commentators may wish to focus
Title: Community Development Program, as well as certain benefits particular attention on: (a) The cost for
Financial Institutions Program— under the Bank Enterprise Award CDFIs to operate and maintain the
Certification Application. Program, to support an organization’s services/systems required to provide the
OMB Number: 1559–0028. established community development required information; (b) ways to
Type of Review: Regular Review. financing programs. A financial enhance the quality, utility, and clarity
Abstract: A certified Community institution seeking to become a certified of the information to be collected; (c)
Development Financial Institution CDFI and qualify to access assistance
(CDFI) is a specialized financial whether the collection of information is
from the CDFI Fund must complete the
institution that works in market niches necessary for the proper evaluation of
CDFI Certification Application. The
that are underserved by traditional revised application includes four (4) the effectiveness and impact of the CDFI
financial institutions. CDFIs provide a administrative changes designed to Fund’s programs, including whether the
unique range of financial products and provide clarification and consistency to information has practical utility; (d) the
services in economically distressed better understand the work of the CDFI accuracy of the CDFI Fund’s estimate of
target markets, such as mortgage Certification Applicant. the burden of the collection of
financing for low-income and first-time Affected Public: Businesses or other information, and; (e) ways to minimize
homebuyers and not-for-profit for-profit institutions, non-profit the burden of the collection of
developers, flexible underwriting and entities, and State, local, and Tribal information including through the use
risk capital for needed community entities participating in CDFI Fund of technology.
facilities, and technical assistance, programs. Authority: 12 U.S.C. 4703, 4703 note,
commercial loans and investments to Estimated Number of Respondents: 4704, 4706, 4707, 4717; 12 CFR part 1805.
small start-up or expanding businesses 300.
in low-income areas. CDFIs include Estimated Annual Time per Mary Ann Donovan,
regulated institutions such as Respondent: 37.5 hours. Director, Community Development Financial
community development banks and Estimated Total Annual Burden Institutions Fund.
credit unions, and non-regulated Hours: 11,250 hours. [FR Doc. 2018–19194 Filed 9–4–18; 8:45 am]
institutions such as loan and venture Request for Comments: Comments
BILLING CODE 4810–70–P
capital funds. submitted in response to this notice will
daltland on DSKBBV9HB2PROD with NOTICES
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Document Created: 2018-09-05 01:59:12
Document Modified: 2018-09-05 01:59:12
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice and request for public comment. | |
| Dates | Written comments must be received on or before November 5, 2018 to be assured of consideration. | |
| Contact | Tanya McInnis, Acting Program Manager for the Office of Certification, Compliance Monitoring and Evaluation, Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington DC 20220 or by phone at (202) 653-0300. Other information regarding the CDFI Fund and its programs may be obtained through the CDFI Fund's website at http:// www.cdfifund.gov. | |
| FR Citation | 83 FR 45186 |
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