BILLING CODE 4810-70-P
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 U.S. Department of the Treasury, as part of a 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 (PRA) of 1995. Currently, the Community Development
Financial Institutions Fund (CDFI Fund), Department of the Treasury, is soliciting comments
concerning the Capital Magnet Fund (CMF) reporting and record retention requirements of the
CMF Annual Performance Report (CMF Performance Report). The CMF Performance Report is
an online form submitted through the CDFI Fund’s Awards Management Information System
(AMIS).
DATES: Written comments must be received on or before [INSERT DATE 60 DAYS AFTER
DATE OF PUBLICATION IN THE FEDERAL REGISTER]. Comments can be submitted
electronically via the e-Rulemaking Portal: www.regulations.gov.
ADDRESSES: You may submit comments concerning the CMF Performance Report via the
Federal e-Rulemaking Portal at www.regulations.gov. Follow the instructions on the website for
the submission of comments. In general, all comments will be available for inspection at
www.regulations.gov. Comments, including attachments and other supporting materials, are part
of the public record. Do not submit any information in your comments or supporting materials
that you consider confidential or inappropriate for public disclosure. Information regarding the
CDFI Fund and its programs may be obtained through the CDFI Fund’s website at
http://www.cdfifund.gov.

FOR FURTHER INFORMATION CONTACT: Heather Hunt, OCME Program Manager,
CDFI Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW, Washington
D.C. 20220, (202) 453-2044 (not a toll-free number). Other information regarding the CDFI
Fund and its programs may be obtained on the CDFI Fund website at https://www.cdfifund.gov.
The CMF Performance Report Data Points are provided to aid the public in providing comments
requested by this notice, and presents the information proposed to be collected in the online CMF
Performance Report. Changes being made to the CMF Performance Report are identified in the
second column of the data point guidance, including proposed deletions, additions, and updates.
The CMF Performance Report Data Points may be obtained from the CMF compliance page of
the CDFI Fund website at https://www.cdfifund.gov/programstraining/programs/cmf/compliance-step.
SUPPLEMENTARY INFORMATION:
Title: Capital Magnet Fund Performance Report
OMB Number: 1559-NEW
Type of Review: Regular Review
Abstract: The Capital Magnet Fund was established through the Housing and Economic
Recovery Act of 2008 (HERA) (Pub. L. 110-289), as a competitive grant program administered
by the CDFI Fund. Through CMF, the CDFI Fund provides financial assistance grants to
Certified Community Development Financial Institutions (CDFIs) and qualified Nonprofit
Organizations that have the development or management of Affordable Housing, as defined in
12 CFR 1807, as one of their principal purposes. Capitalized terms not defined in this Notice
(other than titles) have the meaning set forth in the CMF Interim Rule (12 CFR 1807). CMF
Awards must be used to attract private financing for and increase investment in: (i) the
Development, Preservation, Rehabilitation, and Purchase of Affordable Housing for primarily
Extremely Low-, Very Low-, and Low-Income Families; and (ii) Economic Development
Activities which, in conjunction with Affordable Housing Activities, will implement a Concerted

Strategy to stabilize or revitalize a Low-Income Area or an Underserved Rural Area. CMF
Award Recipients enter into Assistance Agreements with the CDFI Fund that set forth required
terms and conditions of the Award, including reporting and data collection requirements. The
Assistance Agreement requires the submission of an annual CMF Performance Report. The
information collected in the CMF Performance Report is reviewed to ensure the Recipient’s
compliance with its Performance Goals and contractual obligations, as well as the overall
performance of the program. Data collected through the CMF Performance Report consists of
three categories of data: (1) mandatory data points, (2) conditionally required data points based
on project characteristics, financing type or other condition, and (3) optional data points. For
most compliance measures, AMIS calculates whether the Recipient is compliant or noncompliant
based on the data reported into the system. When the system determines that a noncompliance
has occurred, the Recipient is required to complete an explanation of noncompliance prior to
submitting the report to the CDFI Fund. This notice requests PRA approval for the CMF
Performance Report. This report is a modified version of the previous CMF Performance
Report, which was under OMB Number 1559-0036.
Estimated Number of Respondents: 330
Estimated Annual Time per Respondent: 20 hours
Estimated Annual Burden Hours: 6,600 hours
Request 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 may be published on the CDFI Fund website at
https://www.cdfifund.gov. The CDFI Fund is seeking input on the content of the proposed CMF
Performance Report with regard to the following: (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 collecting the 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 required to provide the
information.
An agency may not conduct or sponsor, and a person is not required to respond to, a collection of
information unless the collection of information displays a valid OMB control number.
Authority: Pub. L. 110–289, 12 CFR 1807.
Pravina Raghavan,
Director,
Community Development Financial Institutions Fund.

[FR Doc. 2024-14440 Filed: 6/28/2024 8:45 am; Publication Date: 7/1/2024]