[Federal Register Volume 77, Number 175 (Monday, September 10, 2012)]
[Notices]
[Page 55524]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-22170]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

September 5, 2012.
    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, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before October 10, 2012 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestion for reducing 
the burden to the (1) Office of Information and Regulatory Affairs, 
Office of Management and Budget, Attention: Desk Officer for Treasury, 
New Executive Office Building, Room 10235, Washington, DC 20503, or 
email at [email protected] and the (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8140, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be 
obtained by calling (202) 927-5331, email at [email protected], or the 
entire information collection request may be found at www.reginfo.gov.

Community Development Financial Institutions (CDFI) Fund

    OMB Number: 1559-NEW.
    Type of Review: New collection.
    Title: Capital Magnet Fund Reporting.
    Abstract: The purpose of the Capital Magnet Fund (CMF) program is 
to competitively award grants to certified Community Development 
Financial Institutions (CDFIs) and qualified nonprofit housing 
organizations to attract and leverage other finance resources towards 
the support of 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). Twenty-three Awardees 
were competitively selected after a careful review of their program 
applications. These Awardees entered into Assistance Agreements with 
the CDFI Fund that set forth certain required terms and conditions of 
the award, including reporting and data collection requirements. The 
Assistance Agreement requires the collection of annual reports that are 
used to collect information for compliance monitoring and program 
evaluation purposes. This information is reviewed to ensure the 
Awardee's compliance with its performance goals and contractual 
obligations and the overall performance of the program.
    Affected Public: Private Sector: Businesses or other for-profits; 
Not-for-profit institutions.
    Estimated Total Burden Hours: 920.

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2012-22170 Filed 9-7-12; 8:45 am]
BILLING CODE 4810-70-P