Community Development Financial Institutions Fund, 10823-10824 [2020-03748]

Download as PDF Federal Register / Vol. 85, No. 37 / Tuesday, February 25, 2020 / Notices required under applicable law. If DOT receives a Freedom of Information Act (FOIA) request for the information that the applicant has marked in accordance with this section, DOT will follow the procedures described in its FOIA regulations at 49 CFR 7.29. Only information that is in the separate document, marked in accordance with this section, and ultimately determined to be confidential under § 7.29 will be exempt from disclosure under FOIA. 2. Publication/Sharing of Application Information Following the completion of the selection process and announcement of awards, DOT intends to publish a list of all applications received along with the names of the applicant organizations and funding amounts requested. Except for the information properly marked as described in Section H.1., DOT may make application narratives publicly available or share application information within DOT or with other Federal agencies if DOT determines that sharing is relevant to the respective program’s objectives. 3. Department Feedback on Applications DOT strives to provide as much information as possible to assist applicants with the application process. DOT will not review applications in advance, but DOT staff are available for technical questions and assistance. To efficiently use Department resources, DOT will prioritize interactions with applicants who have not already received a debrief on their FY 2019 BUILD Transportation grant application. Program staff will address questions received at BUILDgrants@dot.gov throughout the application period. DOT staff will make reasonable efforts to schedule meetings on projects through April 1, 2020. After that date, DOT staff will schedule meetings only to the extent possible and consistent with timely completion of other activities. Issued On: February 18, 2020. Elaine L. Chao, Secretary. [FR Doc. 2020–03711 Filed 2–24–20; 8:45 am] BILLING CODE 4910–9X–P jbell on DSKJLSW7X2PROD with NOTICES DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Notice and request for public comment. ACTION: The Department of the Treasury, as part of its continuing effort SUMMARY: VerDate Sep<11>2014 20:34 Feb 24, 2020 Jkt 250001 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. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the Community Development Financial Institutions CDFI Program (CDFI Program) and New Markets Tax Credit Program (NMTC Program) Annual Report including the Awards Management and Information System (AMIS) Compliance and Performance Reporting (ACPR). DATES: Written comments must be received on or before April 27, 2020 to be assured of consideration. ADDRESSES: Submit your comments via email to Greg Bischak, Program Manager for Financial Strategies and Research, CDFI Fund, at CDFI-FinancialStrategies andResearch@cdfi.treas.gov. FOR FURTHER INFORMATION CONTACT: Greg Bischak, Program Manager for Financial Strategies and Research, Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington, DC 20220 or by telephone at (202) 653–0300. Other information regarding the CDFI Fund and its programs may be obtained through the CDFI Fund’s website at https:// www.cdfifund.gov. SUPPLEMENTARY INFORMATION: Title: CDFI Program and NMTC Program Annual Report including AMIS. OMB Number: 1559–0027. Abstract: This collection captures quantitative information from Community Development Financial Institutions (CDFIs) and Community Development Entities (CDEs) at the institution and transaction levels. This information is used to assess: (1) The recipient’s/allocatee’s activities as detailed in its application materials; (2) the recipient’s/allocatee’s approved use of the assistance; (3) the recipient’s/ allocatee’s financial condition; (4) the socio-economic characteristics of recipient’s/allocatee’s borrowers/ investees, loan and investment terms, repayment status, and community development outcomes; and (5) overall compliance with the terms and conditions of the assistance/allocation agreement entered into by the CDFI Fund and the recipient/allocatee. A CDFI Program or Native American CDFI Assistance Program (NACA Program) recipient must submit an PO 00000 Frm 00177 Fmt 4703 Sfmt 4703 10823 Annual Report that is comprised of several sections that depend on the program and the type of award. The specific components that comprise a recipient’s Annual Report are set forth in the assistance agreement that the recipient enters into with the CDFI Fund in order to receive a CDFI Program or a NACA Program award. The current CDFI/NACA reporting requirements can be found in the assistance agreement templates located on the CDFI Fund website at www.cdfifund.gov. For CDFI/NACA recipients, three significant changes were made to annual reporting. First, as part of its IT modernization strategy, the CDFI Fund developed a unified technology platform called the Awards Management Information System (AMIS) that facilitates better data collection and efficiency for users, improves data validations, and enhances computing capacity. Second, in developing the AMIS-based Compliance and Performance Reporting platform (ACPR), we sought to reduce the reporting burden by eliminating the Institution Level Report (ILR) which cut aggregate recipient reporting time by 3,066 hours. Third, the CDFI/NACA Transaction Level Report (TLR) requirements were substantially reduced by 70% by limiting transactional reporting to only newly originated and closed loans and investments and eliminating reporting on outstanding loans and investments. For NMTC Program allocatees, the reporting structure remained the same. Each allocatee must submit an Annual Report that comprises: (i) A financial statement that has been audited by an independent certified public accountant; (ii) an Institution Level Report (ILR) (including the IRS Compliance Questions section), if the allocatee has issued any Qualified Equity Investments; and (iii) a Transaction Level Report (TLR) if the allocatee has issued any Qualified LowIncome Community Investments in the form of loans or investments. The components that comprise an allocatee’s Annual Report are set forth in the allocation agreement that the allocatee enters into with the CDFI Fund in order to receive a NMTC Program allocation. These NMTC requirements can be found in the allocation agreement templates located on the CDFI Fund website at www.cdfifund.gov. With the efficiency gains from the implementation of AMIS, the average NMTC reporting time has gone down slightly, while the total number of reporting entities has remained the same so there is a slight net reduction in total burden. Altogether, the total annual burden for E:\FR\FM\25FEN1.SGM 25FEN1 jbell on DSKJLSW7X2PROD with NOTICES 10824 Federal Register / Vol. 85, No. 37 / Tuesday, February 25, 2020 / Notices both CDFI/NACA and NMTC annual reporting has decreased substantially from 53,175 hours in 2017 to 34,000 hours in 2020. Type of Review: Regular Review. Affected Public: CDFIs and CDEs; including businesses or other for-profit institutions, non-profit entities, and State, local and Tribal entities participating in CDFI Fund programs. Estimated Number of Respondents: CDFI Annual TLR: 300. NMTC Annual TLR and ILR: 275. Estimated Annual Time (in hours) per Respondent: CDFI Annual TLR: 40. NMTC Annual TLR and ILR: 80. Estimated Total Annual Burden in Hours: 34,000. CDFI Annual TLR: 12,000. NMTC Annual TLR and ILR: 22,000. 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 collections, but commentators may wish to focus particular attention on: (a) The cost for CDFIs and CDEs 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; (e) ways to minimize the burden of the collection of information including through the use of technology, such as software for internal accounting and geocoding to capture geographic detail while streamlining and aggregating TLR reporting for upload to AMIS, and; (f) what methods might be used to improve the data quality, internal accounting and efficiency of reporting transactions for serving other targeted populations. Please note that this request for public comment is necessary in order to renew the OMB data collection 1559–0027 under the Paperwork Reduction Act, (formerly CIIS) and now executed through AMIS. Later in 2020 the CDFI Fund plans to publish a request for public comment to solicit feedback on proposed additions and revisions to the NMTC and CDFI TLRs and estimates on reporting burdens which are not contained in this notice. VerDate Sep<11>2014 20:34 Feb 24, 2020 Jkt 250001 (Authority: 12 U.S.C. 4707 et seq.; 26 U.S.C. CFR part 1805) Jodie Harris, Director, Community Development Financial Institutions Fund. [FR Doc. 2020–03748 Filed 2–24–20; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Notice of OFAC Sanctions Actions Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC’s Specially Designated Nationals and Blocked Persons List based on OFAC’s determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. DATES: OFAC’s actions described in this notice were effective February 5, 2018. FOR FURTHER INFORMATION CONTACT: OFAC: Associate Director for Global Targeting, tel.: 202–622–2420; Assistant Director for Sanctions Compliance & Evaluation, tel.: 202–622–2490; Assistant Director for Licensing, tel.: 202–622–2480; or Assistant Director for Regulatory Affairs, tel. 202–622–4855. SUPPLEMENTARY INFORMATION: SUMMARY: Electronic Availability The Specially Designated Nationals and Blocked Persons List and additional information concerning OFAC sanctions programs are available on OFAC’s website (www.treasury.gov/ofac). Notice of OFAC Action(s) On February 5, 2018, OFAC determined that the property and interests in property subject to U.S. jurisdiction of the following persons are blocked under the relevant sanctions authority listed below. Individuals: 1. MWISSA, Guidon Shimiray; DOB 13 Mar 1980; POB Kigoma, Walikale, North Kivu, Democratic Republic of the Congo; nationality Congo, Democratic Republic of the; Gender Male (individual) [DRCONGO]. Designated pursuant to Section 1(a)(ii)(E) of Executive Order 13413 of October 28, 2006 ‘‘Blocking Property of Certain Persons Contributing to the Conflict in the Democratic Republic of the Congo’’ as PO 00000 Frm 00178 Fmt 4703 Sfmt 9990 amended by Executive Order 13671 of July 8, 2014 ‘‘Taking Additional Steps to Address the National Emergency With Respect to the Conflict in the Democratic Republic of the Congo’’ (‘‘Order’’), for being a leader of an entity, including armed groups, that has, or whose members have, been responsible for or complicit in, or engaged in, directly or indirectly, actions or policies that threaten the peace, security, or stability of the Democratic Republic of the Congo (DRC). 2. NZABAMWITA, Lucien (a.k.a. ANDRE, Karume; a.k.a. KALUME, Andre; a.k.a. KARUME, Andrew; a.k.a. NZABANITA, Lucien); DOB 15 Sep 1966; POB Kinyami, Byumba Province, Rwanda; nationality Rwanda; Gender Male (individual) [DRCONGO]. Designated pursuant to Section 1(a)(ii)(G) of the Order, for having acted or purported to act for or on behalf of, directly or indirectly, the Forces De´mocratiques de Libe´ration du Rwanda, an entity designated pursuant to the Order. 3. MUNDOS, Muhindo Akili (a.k.a. MUNDOS, Charles Muhindo Akili), Mambasa, Congo, Democratic Republic of the; DOB 10 Nov 1972; POB Democratic Republic of the Congo; nationality Congo, Democratic Republic of the; Gender Male; Brigadier General (individual) [DRCONGO]. Designated pursuant to Section 1(a)(ii)(C) of the Order, for being responsible for or complicit in, or engaging in, directly or indirectly, actions or policies that threaten the peace, security, or stability of the DRC, and the targeting of women, children, or any civilians through the commission of acts of violence (including killing, maiming, torture, or rape or other sexual violence), abduction, forced displacement, or attack on schools, hospitals, religious sites, or locations where civilians are seeking refuge, or through conduct that would constitute a serious abuse or violation of international humanitarian law. Also designated pursuant to Section 1(a)(ii)(F) of the Order, for materially assisting, sponsoring, or providing financial, material, logistical, or technological support for, or goods or services in support of, the Allied Democratic Forces, a person whose property and interests in property are blocked pursuant to the Order. 4. MUTANGA, Gedeon Kyungu (a.k.a. GEDEON, Kyungu Mutanga; a.k.a. MTANGA, Gedeon; a.k.a. MUTANGA WA BAFUNKWA KANONGA, Gedeon Kyungu; a.k.a. MUTANGA, Gideon Kyungu); DOB 1972; alt. DOB 1974; POB Manono territory, Katanga Province (now Tanganyika Province), Democratic Republic of the Congo; nationality Congo, Democratic Republic of the; Gender Male (individual) [DRCONGO]. Designated pursuant to Section 1(a)(ii)(E) of the Order, for being a leader of an entity, including armed groups, that has, or whose members have, been responsible for or complicit in, or engaged in, directly or indirectly, actions or policies that threaten the peace, security, or stability of the DRC. Dated: February 19, 2020. Andrea M. Gacki, Director, Office of Foreign Assets Control. [FR Doc. 2020–03696 Filed 2–24–20; 8:45 am] BILLING CODE 4810–AL–P E:\FR\FM\25FEN1.SGM 25FEN1

Agencies

[Federal Register Volume 85, Number 37 (Tuesday, February 25, 2020)]
[Notices]
[Pages 10823-10824]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03748]


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DEPARTMENT OF THE TREASURY


Community Development Financial Institutions Fund

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. Currently, the Community 
Development Financial Institutions Fund (CDFI Fund), U.S. Department of 
the Treasury, is soliciting comments concerning the Community 
Development Financial Institutions CDFI Program (CDFI Program) and New 
Markets Tax Credit Program (NMTC Program) Annual Report including the 
Awards Management and Information System (AMIS) Compliance and 
Performance Reporting (ACPR).

DATES: Written comments must be received on or before April 27, 2020 to 
be assured of consideration.

ADDRESSES: Submit your comments via email to Greg Bischak, Program 
Manager for Financial Strategies and Research, CDFI Fund, at [email protected].

FOR FURTHER INFORMATION CONTACT: Greg Bischak, Program Manager for 
Financial Strategies and Research, Community Development Financial 
Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania 
Ave. NW, Washington, DC 20220 or by telephone at (202) 653-0300. Other 
information regarding the CDFI Fund and its programs may be obtained 
through the CDFI Fund's website at https://www.cdfifund.gov.

SUPPLEMENTARY INFORMATION: 
    Title: CDFI Program and NMTC Program Annual Report including AMIS.
    OMB Number: 1559-0027.
    Abstract: This collection captures quantitative information from 
Community Development Financial Institutions (CDFIs) and Community 
Development Entities (CDEs) at the institution and transaction levels. 
This information is used to assess: (1) The recipient's/allocatee's 
activities as detailed in its application materials; (2) the 
recipient's/allocatee's approved use of the assistance; (3) the 
recipient's/allocatee's financial condition; (4) the socio-economic 
characteristics of recipient's/allocatee's borrowers/investees, loan 
and investment terms, repayment status, and community development 
outcomes; and (5) overall compliance with the terms and conditions of 
the assistance/allocation agreement entered into by the CDFI Fund and 
the recipient/allocatee.
    A CDFI Program or Native American CDFI Assistance Program (NACA 
Program) recipient must submit an Annual Report that is comprised of 
several sections that depend on the program and the type of award. The 
specific components that comprise a recipient's Annual Report are set 
forth in the assistance agreement that the recipient enters into with 
the CDFI Fund in order to receive a CDFI Program or a NACA Program 
award. The current CDFI/NACA reporting requirements can be found in the 
assistance agreement templates located on the CDFI Fund website at 
www.cdfifund.gov.
    For CDFI/NACA recipients, three significant changes were made to 
annual reporting. First, as part of its IT modernization strategy, the 
CDFI Fund developed a unified technology platform called the Awards 
Management Information System (AMIS) that facilitates better data 
collection and efficiency for users, improves data validations, and 
enhances computing capacity. Second, in developing the AMIS-based 
Compliance and Performance Reporting platform (ACPR), we sought to 
reduce the reporting burden by eliminating the Institution Level Report 
(ILR) which cut aggregate recipient reporting time by 3,066 hours. 
Third, the CDFI/NACA Transaction Level Report (TLR) requirements were 
substantially reduced by 70% by limiting transactional reporting to 
only newly originated and closed loans and investments and eliminating 
reporting on outstanding loans and investments.
    For NMTC Program allocatees, the reporting structure remained the 
same. Each allocatee must submit an Annual Report that comprises: (i) A 
financial statement that has been audited by an independent certified 
public accountant; (ii) an Institution Level Report (ILR) (including 
the IRS Compliance Questions section), if the allocatee has issued any 
Qualified Equity Investments; and (iii) a Transaction Level Report 
(TLR) if the allocatee has issued any Qualified Low-Income Community 
Investments in the form of loans or investments. The components that 
comprise an allocatee's Annual Report are set forth in the allocation 
agreement that the allocatee enters into with the CDFI Fund in order to 
receive a NMTC Program allocation. These NMTC requirements can be found 
in the allocation agreement templates located on the CDFI Fund website 
at www.cdfifund.gov. With the efficiency gains from the implementation 
of AMIS, the average NMTC reporting time has gone down slightly, while 
the total number of reporting entities has remained the same so there 
is a slight net reduction in total burden. Altogether, the total annual 
burden for

[[Page 10824]]

both CDFI/NACA and NMTC annual reporting has decreased substantially 
from 53,175 hours in 2017 to 34,000 hours in 2020.
    Type of Review: Regular Review.
    Affected Public: CDFIs and CDEs; including businesses or other for-
profit institutions, non-profit entities, and State, local and Tribal 
entities participating in CDFI Fund programs.
    Estimated Number of Respondents:
    CDFI Annual TLR: 300.
    NMTC Annual TLR and ILR: 275.
    Estimated Annual Time (in hours) per Respondent:
    CDFI Annual TLR: 40.
    NMTC Annual TLR and ILR: 80.
    Estimated Total Annual Burden in Hours: 34,000.
    CDFI Annual TLR: 12,000.
    NMTC Annual TLR and ILR: 22,000.
    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 collections, but commentators may wish 
to focus particular attention on: (a) The cost for CDFIs and CDEs 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; (e) 
ways to minimize the burden of the collection of information including 
through the use of technology, such as software for internal accounting 
and geocoding to capture geographic detail while streamlining and 
aggregating TLR reporting for upload to AMIS, and; (f) what methods 
might be used to improve the data quality, internal accounting and 
efficiency of reporting transactions for serving other targeted 
populations.
    Please note that this request for public comment is necessary in 
order to renew the OMB data collection 1559-0027 under the Paperwork 
Reduction Act, (formerly CIIS) and now executed through AMIS. Later in 
2020 the CDFI Fund plans to publish a request for public comment to 
solicit feedback on proposed additions and revisions to the NMTC and 
CDFI TLRs and estimates on reporting burdens which are not contained in 
this notice.

(Authority: 12 U.S.C. 4707 et seq.; 26 U.S.C. CFR part 1805)

Jodie Harris,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2020-03748 Filed 2-24-20; 8:45 am]
 BILLING CODE 4810-70-P
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