Post by bot on Oct 28, 2013 17:03:52 GMT -5
CDFI Fund Seeks Public Comment on CDFI Bond Guarantee Program Materials
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 and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the Qualified Issuer Application, the Guarantee Application, and the Secondary Loan Requirements for the CDFI Bond Guarantee Program. The request for comment was published today in the Federal Register.
The purpose of the CDFI Bond Guarantee Program is to support Community Development Financial Institution (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 CDFI Bond Guarantee Program provides CDFIs with a new source of long-term capital and furthers 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 materials under review involve different aspects of the application process to become involved in the CDFI Bond Guarantee Program as either a Qualified Issuer or an Eligible CDFI.
Comments are invited on all aspects of the information collections, including: (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.
The CDFI Fund also specifically requests comments on the following:
1.Are the revised drafts of the Qualified Issuer Application and Guarantee Application clearer and more streamlined than the applications used for the fiscal year 2013 round?
2.Is there additional information or instructions that the CDFI Fund should provide to clarify the application process?
3.Are there additional or alternative data that the CDFI Fund should request in order to consider different institution types that may be eligible to serve as Qualified Issuers?
4.Do the Qualified Issuer Application and Guarantee Application ask the appropriate questions to determine an applicant’s financial health and viability?
5.Are there additional asset classes that should be included for purposes of Secondary Loan Requirements?
6.How should the Secondary Loan Requirements be modified to reduce the burden of program participation?
All comments must be received by December 27, 2013 and must be submitted in writing and sent to Lisa Jones, CDFI Bond Guarantee Program Manager, Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue, NW, Washington, DC 20220; by e-mail to bgp@cdfi.treas.gov; or by facsimile to (202) 508-0083. Please note that this is not a toll-free number.
For more information about the CDFI Bond Guarantee Program, please visit www.cdfifund.gov/bond.
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 and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the Qualified Issuer Application, the Guarantee Application, and the Secondary Loan Requirements for the CDFI Bond Guarantee Program. The request for comment was published today in the Federal Register.
The purpose of the CDFI Bond Guarantee Program is to support Community Development Financial Institution (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 CDFI Bond Guarantee Program provides CDFIs with a new source of long-term capital and furthers 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 materials under review involve different aspects of the application process to become involved in the CDFI Bond Guarantee Program as either a Qualified Issuer or an Eligible CDFI.
Comments are invited on all aspects of the information collections, including: (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.
The CDFI Fund also specifically requests comments on the following:
1.Are the revised drafts of the Qualified Issuer Application and Guarantee Application clearer and more streamlined than the applications used for the fiscal year 2013 round?
2.Is there additional information or instructions that the CDFI Fund should provide to clarify the application process?
3.Are there additional or alternative data that the CDFI Fund should request in order to consider different institution types that may be eligible to serve as Qualified Issuers?
4.Do the Qualified Issuer Application and Guarantee Application ask the appropriate questions to determine an applicant’s financial health and viability?
5.Are there additional asset classes that should be included for purposes of Secondary Loan Requirements?
6.How should the Secondary Loan Requirements be modified to reduce the burden of program participation?
All comments must be received by December 27, 2013 and must be submitted in writing and sent to Lisa Jones, CDFI Bond Guarantee Program Manager, Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue, NW, Washington, DC 20220; by e-mail to bgp@cdfi.treas.gov; or by facsimile to (202) 508-0083. Please note that this is not a toll-free number.
For more information about the CDFI Bond Guarantee Program, please visit www.cdfifund.gov/bond.