Notice and Request for Information-Opportunities and Challenges in Federal Community Investment Programs, 71741-71744 [2022-25552]
Download as PDF
<![CDATA[
Federal Register / Vol. 87, No. 225 / Wednesday, November 23, 2022 / Notices
C.U.R.P. HUOJ730301HGRRLH02
(Mexico) (individual) [ILLICIT–DRUGS–
EO14059]. Sanctioned pursuant to
section 1(a)(i) of Executive Order 14059
of December 15, 2021, ‘‘Imposing
Sanctions on Foreign Persons Involved
in the Global Illicit Drug Trade’’ (the
‘‘Order’’), for having engaged in, or
attempted to engage in, activities or
transactions that have materially
contributed to, or pose a significant risk
of materially contributing to, the
international proliferation of illicit
drugs or their means of production.
2. HURTADO OLASCOAGA, Jose
Alfredo (a.k.a. ‘‘EL FRESA’’), Mexico;
DOB 02 Sep 1984; POB Guerrero,
Mexico; nationality Mexico; Gender
Male; C.U.R.P. HUOA840902HGRRLL03
(Mexico) (individual) [ILLICIT–DRUGS–
EO14059]. Sanctioned pursuant to
section 1(a)(i) of the Order for having
engaged in, or attempted to engage in,
activities or transactions that have
materially contributed to, or pose a
significant risk of materially
contributing to, the international
proliferation of illicit drugs or their
means of production.
Entity
1. LA NUEVA FAMILIA
MICHOACANA (a.k.a. ‘‘LNFM’’),
Guerrero, Mexico; Michoacan, Mexico;
Target Type Criminal Organization
[ILLICIT–DRUGS–EO14059].
Sanctioned pursuant to section 1(a)(i) of
the Order for having engaged in, or
attempted to engage in, activities or
transactions that have materially
contributed to, or pose a significant risk
of materially contributing to, the
international proliferation of illicit
drugs or their means of production.
Dated: November 17, 2022.
Andrea M. Gacki,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
[FR Doc. 2022–25467 Filed 11–22–22; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 2063
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
lotter on DSK11XQN23PROD with NOTICES1
AGENCY:
The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the general public and other
Federal agencies to take this
SUMMARY:
VerDate Sep<11>2014
22:01 Nov 22, 2022
Jkt 259001
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995
(PRA). The IRS is soliciting comments
concerning Form 2063, U.S. Departing
Alien Income Tax Statement.
DATES: Written comments should be
received on or before January 23, 2023
to be assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224 or
by email to pra.comments@irs.gov.
Please reference the information
collection’s ‘‘OMB number 1545–0138’’
in the subject line of the message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Sara Covington,
(202) 317–5744, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at sara.l.covington@
irs.gov.
SUPPLEMENTARY INFORMATION:
Title: U.S. Departing Alien Income
Tax Statement.
OMB Number: 1545–0138.
Form Number: 2063.
Abstract: Form 2063 is used by a
departing resident alien against whom a
termination assessment has not been
made, or a departing nonresident alien
who has no taxable income from United
States sources, to certify that they have
satisfied all U.S. income tax obligations.
The data is used by the IRS to certify
that departing aliens have complied
with U.S. income tax laws.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Responses:
20,540.
Estimated Time per Response: 50
minutes.
Estimated Total Annual Burden
Hours: 17,049.
The following paragraph applies to all
of the collections of information covered
by this notice:
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.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
PO 00000
Frm 00173
Fmt 4703
Sfmt 4703
71741
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:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’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 automated collection
techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: November 17, 2022.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2022–25478 Filed 11–22–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Notice and Request for Information—
Opportunities and Challenges in
Federal Community Investment
Programs
Department of the Treasury
(Treasury), Small Business
Administration (SBA), Department of
Commerce (Commerce), Department of
Transportation (DOT), Department of
Housing and Urban Development
(HUD), and Department of Agriculture
(USDA), (collectively, the Agencies).
ACTION: Request for information;
extension of comment period.
AGENCY:
On October 4, 2022,
representatives comprising the
Interagency Community Investment
Committee (ICIC)—the Department of
the Treasury (Treasury), Small Business
Administration (SBA), Department of
Commerce (Commerce), Department of
Transportation (DOT), Department of
Housing and Urban Development
(HUD), and Department of Agriculture
(USDA), (collectively, the Agencies)—
invited the public to comment on how
the ICIC can promote economic
conditions and systems that reduce
racial disparities and produce stronger
economic outcomes for all communities.
Responses may be used to inform ICIC’s
future actions to improve the operations
and delivery of federal community
investment programs through stronger
SUMMARY:
E:\FR\FM\23NON1.SGM
23NON1
71742
Federal Register / Vol. 87, No. 225 / Wednesday, November 23, 2022 / Notices
federal collaboration. The purpose of
this notice is to extend the comment
period for a period of two weeks until
December 19, 2022 as to provide more
time for interested parties to submit
comments.
The comment period for the
notice published at 87 FR 60236 on
October 4 2022, is extended by two
weeks. Responses must be received by
December 19, 2022 to be assured of
consideration.
DATES:
Please submit comments
electronically through the Federal
eRulemaking Portal: https://
www.regulations.gov, specifically at
https://www.regulations.gov/
commenton/TREAS-DO-2022-00200001. All comments should be
captioned with ‘‘Community Investment
Request for Information Comments.’’
Please include your name, organization
affiliation, address, email address, and
telephone number in your comment.
Where appropriate, a comment should
include a short executive summary. In
general, comments received will be
posted on https://www.regulations.gov
without change, including any business
or personal information provided.
Comments received, including
attachments and other supporting
materials, will be part of the public
record and subject to public disclosure.
Do not enclose any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT:
Please contact Viraj Parikh, Phone
Number: 202–923–5161, or
ORPCommunityDevRFI@treasury.gov.
Further information may be obtained
from the Treasury website detailing the
initiative.
SUPPLEMENTARY INFORMATION: The
Biden-Harris Administration is
deploying trillions of dollars of publicsector investment authorized through
programs under the American Rescue
Plan Act of 2021 (ARP), Bipartisan
Infrastructure Law (BIL), Consolidated
Appropriations Act, 2021, the bipartisan
CHIPS and Science Act (CHIPS) and the
Inflation Reduction Act (IRA). These
transformational investments present an
opportunity to implement federal
service delivery solutions that will
support catalytic growth in historically
lotter on DSK11XQN23PROD with NOTICES1
ADDRESSES:
Commerce .......................................
DOT .................................................
HUD ................................................
16:45 Nov 22, 2022
Key Questions
Note: To assist with responding to
these questions, a brief but nonexhaustive list of ICIC-relevant
programs are listed at the end of this
RFI.
1. Please describe examples of best
practices and lessons learned from
community investment projects that
have layered a mix of public, private,
and/or philanthropic capital. How could
these projects have been more impactful
or more cost effective to implement? In
responding to this question, examples
may address any of the four substantive
areas of focus described in this RFI: (1)
strengthening the capacity of
community financial institutions; (2)
supporting small businesses and
entrepreneurship; (3) improving
financial health and inclusion; and (4)
investing in community facilities and
infrastructure. In addition, a nonexhaustive list of example programs is
provided in the appendix of this RFI as
a reference.
2. From the examples provided in
response to question 1, what specific
changes could agencies consider to
facilitate the layering of federal funds to
attract greater private follow-on funding,
as they implement new community
investment programs and contemplate
modifications to others?
3. As agencies are implementing new
programs under recent CHIPS and IRA
legislation, how can they best
incorporate these lessons to streamline
design and delivery, as well as ensure
historically underserved communities
benefit from federal funds?
4. Community financial institutions
play a critical role in providing safe,
affordable capital and financial services
to historically underserved
communities. How can federal agency
coordination help build the capacity of
these organizations to serve their
communities?
5. What specific changes to federal
credit or securitization programs could
facilitate additional private investment
in community financial institutions, and
what are the most important existing
limitations of these programs that may
prohibit additional scale that could be
achieved?
6. How can the Agencies incentivize
or structure data collection and
reporting to promote increased private
sector and philanthropic investment in
community financial institutions?
7. How can further alignment of and
coordination between federal agencies
in the four areas of substantive focus
result in stronger outcomes with regards
to reducing racial economic disparities,
improving financial security and
economic mobility, and generating
broadly shared economic opportunity?
8. What data should the Agencies
consider collecting to better understand
and report the impact of community
investments in reducing racial, gender,
and geographic, or other economic
disparities?
9. How can the Agencies collaborate
on providing technical assistance,
opportunities for peer-to-peer learning,
and other non-financial resources to
support the deployment of capital or
implementation of community-serving
projects in historically underserved
communities?
10. Please describe best-in-class
examples of how federal technical
assistance has been best implemented
through public-private partnerships.
Jessica Milano,
Chief Program Officer, Office of Recovery
Programs.
Appendix
I. Strengthen Community Financial
Institutions
Programs that support CDFIs, MDIs, credit
unions, and community banks with assets
less than $1 billion:
EDA Build to Scale, EDA Revolving Loan Funds.
Thriving Communities,* Reconnecting Communities.
Federal Housing Administration, Ginnie Mae, Section 108, HOME Investment Partnership, Housing Trust
Fund.
1 Opportunities and Challenges in Federal
Community Investment Programs, 87 FR 60236
VerDate Sep<11>2014
underserved communities and address
racial and geographic economic
disparities.
On October 4, 2022, the Agencies
published a Notice in the Federal
Register to request public comment on
how to improve the operations and
delivery of federal community
investment programs through stronger
federal collaboration.1 The Notice
requested that respondents address the
Key Questions listed below and stated
that comments must be received by
December 5, 2022 to be assured of
consideration. This notice announces
the extension of the comment period for
a period of two weeks as to provide
more time for interested parties to
submit comments. Responses must be
received by December 19, 2022 to be
assured of consideration.
Jkt 259001
(October 4, 2022), https://www.regulations.gov/
commenton/TREAS-DO-2022-0020-0001.
PO 00000
Frm 00174
Fmt 4703
Sfmt 4703
E:\FR\FM\23NON1.SGM
23NON1
Federal Register / Vol. 87, No. 225 / Wednesday, November 23, 2022 / Notices
Treasury ..........................................
SBA .................................................
USDA ..............................................
71743
Emergency Capital Investment Fund (ECIP), CDFI Fund, State Small Business Credit Initiative (SSBCI).
Community Advantage, Microloan programs, 7(a) Loan Program, 504 Loan Program, Program for Investment in Micro-Entrepreneurs (PRIME) grants.
RD B&I loan program, RD Community Facilities Program, Intermediary Relending Program, Rural Business
Development Grants, Rural Microentrepreneur Assistance Program.
II. Increase Small Business Creation,
Growth, and Profitability
Programs that support small business
access to capital (debt & equity), technical
assistance for entrepreneurs, contracting:
Commerce .......................................
DOT .................................................
HUD ................................................
Treasury ..........................................
SBA .................................................
USDA ..............................................
Minority Business Development Agency (MBDA) programs:
• SSBCI Technical Assistance Program.
• National Business Center Network Program.
• Specialty Centers.
• American Indian, Alaska Native, and Native Hawaiian Projects.
• Enterprising Women of Color Program.
• Entrepreneurship Education for Formerly Incarcerated Persons Pilot.
• Minority Colleges and University Pilot.
• MBE Equity Multiplier Project.
• Inner City Innovation Hub Pilot.
EDA Build to Scale, EDA Revolving Loan Funds.
Railroad Rehabilitation and Improvement Financing (RRIF), Transportation Infrastructure Finance and Innovation Act (TIFIA), Small Business Transportation Resource Centers *.
Community Development Block Grant, Section 3.
ECIP, CDFI Fund, SSBCI.
All programs.
Rural Microentrepreneur Assistance Program, Rural Business Development Grant* RD B&I loan program,
RD Community Facilities Program, Intermediary Relending Program.
III. Improve Financial Health and Inclusion
Programs that support the creation of highquality jobs and access to consumer credit,
payments, and savings products:
Commerce .......................................
DOT .................................................
HUD ................................................
Treasury ..........................................
SBA .................................................
USDA ..............................................
EDA Good Jobs Challenge, EDA Build Back Better Regional Challenge, MBDA Access to Capital: Innovative Finance Pilot.
N/A.
Housing Counseling, Community Development Block Grant, Section 3, Asset Building Programs (e.g.,
Family Self-Sufficient, Resident Opportunities and Self-Sufficiency).
State and Local Fiscal Recovery Fund, Emergency Rental Assistance Program, ECIP, CDFI Fund.
All programs.
Rural Innovation Stronger Economy, Rural Economic Development Loan and Grant.
IV. Expand Community Infrastructure
Programs that support the preservation or
development of affordable housing,
Commerce .......................................
lotter on DSK11XQN23PROD with NOTICES1
DOT .................................................
HUD ................................................
Treasury ..........................................
SBA .................................................
VerDate Sep<11>2014
16:45 Nov 22, 2022
community facilities, public transportation,
and high-quality broadband:
EDA Build Back Better Regional Challenge.
NTIA Technical Assistance and Infrastructure programs, including:
• Connecting Minority Communities Program.
• Broadband Infrastructure Program.
• Tribal Broadband Connectivity Program.
• Broadband Equity, Access, and Deployment Program (BEAD).
• Middle Mile Broadband Infrastructure Grant Program.
• State Digital Equity Planning Grant Program.
• Digital Equity Competitive Grant Program.
TIFIA, RRIF, Private Activity Bonds, Thriving Communities *, Reconnecting Communities, Regional Infrastructure Accelerators *, Safe Streets for All, Asset Concession-Innovative Financing Grant *, Rural-Tribal
Technical Assistance Grant *, Capital Investment Grants (other public transport programs), FTA Pilot
Program.
Section 108, Community Development Block Grant, HOME Investment Partnership, Project-Based Rental
Assistance, Project Based Vouchers, FHA Mortgage Insurance, Housing Trust Fund, Choice Neighborhoods.
State and Local Fiscal Recovery Fund, Capital Projects Fund, Homeowners Assistance Fund, Low-Income
Housing Tax Credit.
504 Loan Program, Contracting Assistance Programs.
Jkt 259001
PO 00000
Frm 00175
Fmt 4703
Sfmt 4703
E:\FR\FM\23NON1.SGM
23NON1
71744
Federal Register / Vol. 87, No. 225 / Wednesday, November 23, 2022 / Notices
USDA ..............................................
RD Community Facilities Programs, Rural Community Development Initiative Grants, Section 502 loans,
Section 504 loans and grants, Mutual Self Help Grants, Housing Preservation Grants, Rural Rental
Housing and Farm Labor Housing Loans and Grants, Rental Assistance, Rural Development ReConnect
and Community Connect Programs. Rural Development Water Emergency Community Water Assistance
Grants, Water Infrastructure Grants for Rural and Native Alaskan Villages, Rural Decentralized Water
Systems Grant Program, Individual Water & Wastewater Grants in Colonia Areas, Water & Waste Disposal Grants to Alleviate Health Risks on Tribal Lands and Colonias, Water & Waste Disposal Loans &
Grants, Solid Waste Management Grants.
* Technical Assistance Program.
[FR Doc. 2022–25552 Filed 11–22–22; 8:45 am]
BILLING CODE 4810–AK–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0874]
Agency Information Collection Activity
Under OMB Review: Employment
Certification Form
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Veterans Benefits Administration
(VBA), Department of Veterans Affairs,
will submit the collection of
information abstracted below to the
Office of Management and Budget
(OMB) for review and comment. The
PRA submission describes the nature of
the information collection and its
expected cost and burden, and it
includes the actual data collection
instrument.
DATES: Written comments and
recommendations for the proposed
information collection revision should
be sent within 30 days of publication of
this notice to www.reginfo.gov/public/
do/PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Refer to ‘‘OMB Control
No. 2900–0874.
FOR FURTHER INFORMATION CONTACT:
Maribel Aponte, Office of Enterprise
and Integration, Data Governance
Analytics (008), 810 Vermont Ave. NW,
Washington, DC 20006, (202) 266–4688
or email maribel.aponte@va.gov. Please
refer to ‘‘OMB Control No. 2900–0874’’
in any correspondence.
SUPPLEMENTARY INFORMATION:
Authority: Section 116, Public Law
115–48; Section 8006, Public Law 117.2.
Title: Employment Certification Form,
VA Form 22–10201.
OMB Control Number: 2900–0874.
Type of Review: Revision of a
currently approved collection.
lotter on DSK11XQN23PROD with NOTICES1
SUMMARY:
VerDate Sep<11>2014
16:45 Nov 22, 2022
Jkt 259001
Abstract: On August 16, 2017, the
President signed into law, the Harry W.
Colmery Veterans Educational
Assistance Act of 2017 (‘‘Forever GI
Bill’’), Public Law 115–48, which
amended Title 38, United States Code to
make certain improvements in the laws
administered by the Secretary of
Veterans Affairs (VA), and for other
purposes.
Section 116 of the law authorizes VA
to establish a 5-year high technology
pilot program for Veterans as an
educational program provided by
leading technology employers. Section
116 also requires that VA receive
Employment Certification from School
Certifying Officials (SCOs) and Veterans
enrolled in the VET TEC pilot program.
Additionally, Section 116 of Public
Law 115–48, and Section 8006 of Public
Law 117–2, authorized VA to
implement both the Veteran
Employment through Technology
Education Courses (VET TEC), and the
Veteran Rapid Retraining Assistance
Program (VRRAP), respectively. Both of
these programs provide assistance to an
eligible Veteran for the pursuit of a
covered program of education. This
form therefore allows Veterans who
either participated in a VRRAP or VET
TEC program to certify to VA that they
have found employment in a field
related to their program of education.
The VET TEC Employment Certification
Form 22–10201, which is also used as
the employment certification for
VRRAP, will allow student Veterans and
SCOs to certify that a student Veteran
has obtained meaningful employment
with the skills acquired during their
training program funded by those
programs. VA continues to require
approval of this information collection,
so that VA can verify Veteran
employment, as required by the law. VA
would not comply with statute, if we do
not collect the Veteran Employment
Certification. The new laws require VA
to certify and verify employment for
student Veterans, which aligns with the
skills acquired during their training
program, funded by the VET TEC
program offered by the Department of
Veterans Affairs.
An agency may not conduct or
sponsor, and a person is not required to
PO 00000
Frm 00176
Fmt 4703
Sfmt 4703
respond to a collection of information
unless it displays a currently valid OMB
control number. The Federal Register
Notice with a 60-day comment period
soliciting comments on this collection
of information was published at 87 FR
20141 on September 19, 2022, page(s)
57261–57262.
Affected Public: Individuals and
Households.
Estimated Annual Burden: 159 hours.
Estimated Average Burden Time per
Respondent: 5 minutes.
Frequency of Response: Once.
Estimated Number of Respondents:
1,908.
By direction of the Secretary.
Dorothy Glasgow,
VA PRA Clearance Officer, (Alt) Office of
Enterprise and Integration, Data Governance
Analytics, Department of Veterans Affairs.
[FR Doc. 2022–25623 Filed 11–22–22; 8:45 am]
BILLING CODE 8320–01–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0138]
Agency Information Collection Activity
Under OMB Review: Request for
Details of Expenses
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Veterans Benefits Administration
(VBA), Department of Veterans Affairs,
will submit the collection of
information abstracted below to the
Office of Management and Budget
(OMB) for review and comment. The
PRA submission describes the nature of
the information collection and its
expected cost and burden and it
includes the actual data collection
instrument.
DATES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
SUMMARY:
E:\FR\FM\23NON1.SGM
23NON1
]]>Agencies
[Federal Register Volume 87, Number 225 (Wednesday, November 23, 2022)]
[Notices]
[Pages 71741-71744]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-25552]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Notice and Request for Information--Opportunities and Challenges
in Federal Community Investment Programs
AGENCY: Department of the Treasury (Treasury), Small Business
Administration (SBA), Department of Commerce (Commerce), Department of
Transportation (DOT), Department of Housing and Urban Development
(HUD), and Department of Agriculture (USDA), (collectively, the
Agencies).
ACTION: Request for information; extension of comment period.
-----------------------------------------------------------------------
SUMMARY: On October 4, 2022, representatives comprising the Interagency
Community Investment Committee (ICIC)--the Department of the Treasury
(Treasury), Small Business Administration (SBA), Department of Commerce
(Commerce), Department of Transportation (DOT), Department of Housing
and Urban Development (HUD), and Department of Agriculture (USDA),
(collectively, the Agencies)--invited the public to comment on how the
ICIC can promote economic conditions and systems that reduce racial
disparities and produce stronger economic outcomes for all communities.
Responses may be used to inform ICIC's future actions to improve the
operations and delivery of federal community investment programs
through stronger
[[Page 71742]]
federal collaboration. The purpose of this notice is to extend the
comment period for a period of two weeks until December 19, 2022 as to
provide more time for interested parties to submit comments.
DATES: The comment period for the notice published at 87 FR 60236 on
October 4 2022, is extended by two weeks. Responses must be received by
December 19, 2022 to be assured of consideration.
ADDRESSES: Please submit comments electronically through the Federal
eRulemaking Portal: https://www.regulations.gov, specifically at
https://www.regulations.gov/commenton/TREAS-DO-2022-0020-0001. All
comments should be captioned with ``Community Investment Request for
Information Comments.'' Please include your name, organization
affiliation, address, email address, and telephone number in your
comment. Where appropriate, a comment should include a short executive
summary. In general, comments received will be posted on https://www.regulations.gov without change, including any business or personal
information provided. Comments received, including attachments and
other supporting materials, will be part of the public record and
subject to public disclosure. Do not enclose any information in your
comment or supporting materials that you consider confidential or
inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT: Please contact Viraj Parikh, Phone
Number: 202-923-5161, or [email protected]. Further
information may be obtained from the Treasury website detailing the
initiative.
SUPPLEMENTARY INFORMATION: The Biden-Harris Administration is deploying
trillions of dollars of public-sector investment authorized through
programs under the American Rescue Plan Act of 2021 (ARP), Bipartisan
Infrastructure Law (BIL), Consolidated Appropriations Act, 2021, the
bipartisan CHIPS and Science Act (CHIPS) and the Inflation Reduction
Act (IRA). These transformational investments present an opportunity to
implement federal service delivery solutions that will support
catalytic growth in historically underserved communities and address
racial and geographic economic disparities.
On October 4, 2022, the Agencies published a Notice in the Federal
Register to request public comment on how to improve the operations and
delivery of federal community investment programs through stronger
federal collaboration.\1\ The Notice requested that respondents address
the Key Questions listed below and stated that comments must be
received by December 5, 2022 to be assured of consideration. This
notice announces the extension of the comment period for a period of
two weeks as to provide more time for interested parties to submit
comments. Responses must be received by December 19, 2022 to be assured
of consideration.
---------------------------------------------------------------------------
\1\ Opportunities and Challenges in Federal Community Investment
Programs, 87 FR 60236 (October 4, 2022), https://www.regulations.gov/commenton/TREAS-DO-2022-0020-0001.
---------------------------------------------------------------------------
Key Questions
Note: To assist with responding to these questions, a brief but
non-exhaustive list of ICIC-relevant programs are listed at the end of
this RFI.
1. Please describe examples of best practices and lessons learned
from community investment projects that have layered a mix of public,
private, and/or philanthropic capital. How could these projects have
been more impactful or more cost effective to implement? In responding
to this question, examples may address any of the four substantive
areas of focus described in this RFI: (1) strengthening the capacity of
community financial institutions; (2) supporting small businesses and
entrepreneurship; (3) improving financial health and inclusion; and (4)
investing in community facilities and infrastructure. In addition, a
non-exhaustive list of example programs is provided in the appendix of
this RFI as a reference.
2. From the examples provided in response to question 1, what
specific changes could agencies consider to facilitate the layering of
federal funds to attract greater private follow-on funding, as they
implement new community investment programs and contemplate
modifications to others?
3. As agencies are implementing new programs under recent CHIPS and
IRA legislation, how can they best incorporate these lessons to
streamline design and delivery, as well as ensure historically
underserved communities benefit from federal funds?
4. Community financial institutions play a critical role in
providing safe, affordable capital and financial services to
historically underserved communities. How can federal agency
coordination help build the capacity of these organizations to serve
their communities?
5. What specific changes to federal credit or securitization
programs could facilitate additional private investment in community
financial institutions, and what are the most important existing
limitations of these programs that may prohibit additional scale that
could be achieved?
6. How can the Agencies incentivize or structure data collection
and reporting to promote increased private sector and philanthropic
investment in community financial institutions?
7. How can further alignment of and coordination between federal
agencies in the four areas of substantive focus result in stronger
outcomes with regards to reducing racial economic disparities,
improving financial security and economic mobility, and generating
broadly shared economic opportunity?
8. What data should the Agencies consider collecting to better
understand and report the impact of community investments in reducing
racial, gender, and geographic, or other economic disparities?
9. How can the Agencies collaborate on providing technical
assistance, opportunities for peer-to-peer learning, and other non-
financial resources to support the deployment of capital or
implementation of community-serving projects in historically
underserved communities?
10. Please describe best-in-class examples of how federal technical
assistance has been best implemented through public-private
partnerships.
Jessica Milano,
Chief Program Officer, Office of Recovery Programs.
Appendix
I. Strengthen Community Financial Institutions
Programs that support CDFIs, MDIs, credit unions, and community
banks with assets less than $1 billion:
------------------------------------------------------------------------
------------------------------------------------------------------------
Commerce.......................... EDA Build to Scale, EDA Revolving
Loan Funds.
DOT............................... Thriving Communities,* Reconnecting
Communities.
HUD............................... Federal Housing Administration,
Ginnie Mae, Section 108, HOME
Investment Partnership, Housing
Trust Fund.
[[Page 71743]]
Treasury.......................... Emergency Capital Investment Fund
(ECIP), CDFI Fund, State Small
Business Credit Initiative (SSBCI).
SBA............................... Community Advantage, Microloan
programs, 7(a) Loan Program, 504
Loan Program, Program for
Investment in Micro-Entrepreneurs
(PRIME) grants.
USDA.............................. RD B&I loan program, RD Community
Facilities Program, Intermediary
Relending Program, Rural Business
Development Grants, Rural
Microentrepreneur Assistance
Program.
------------------------------------------------------------------------
II. Increase Small Business Creation, Growth, and Profitability
Programs that support small business access to capital (debt &
equity), technical assistance for entrepreneurs, contracting:
------------------------------------------------------------------------
------------------------------------------------------------------------
Commerce.......................... Minority Business Development Agency
(MBDA) programs:
SSBCI Technical Assistance
Program.
National Business Center
Network Program.
Specialty Centers.
American Indian, Alaska
Native, and Native Hawaiian
Projects.
Enterprising Women of Color
Program.
Entrepreneurship Education
for Formerly Incarcerated Persons
Pilot.
Minority Colleges and
University Pilot.
MBE Equity Multiplier
Project.
Inner City Innovation Hub
Pilot.
EDA Build to Scale, EDA Revolving
Loan Funds.
DOT............................... Railroad Rehabilitation and
Improvement Financing (RRIF),
Transportation Infrastructure
Finance and Innovation Act (TIFIA),
Small Business Transportation
Resource Centers *.
HUD............................... Community Development Block Grant,
Section 3.
Treasury.......................... ECIP, CDFI Fund, SSBCI.
SBA............................... All programs.
USDA.............................. Rural Microentrepreneur Assistance
Program, Rural Business Development
Grant* RD B&I loan program, RD
Community Facilities Program,
Intermediary Relending Program.
------------------------------------------------------------------------
III. Improve Financial Health and Inclusion
Programs that support the creation of high-quality jobs and
access to consumer credit, payments, and savings products:
------------------------------------------------------------------------
------------------------------------------------------------------------
Commerce.......................... EDA Good Jobs Challenge, EDA Build
Back Better Regional Challenge,
MBDA Access to Capital: Innovative
Finance Pilot.
DOT............................... N/A.
HUD............................... Housing Counseling, Community
Development Block Grant, Section 3,
Asset Building Programs (e.g.,
Family Self-Sufficient, Resident
Opportunities and Self-
Sufficiency).
Treasury.......................... State and Local Fiscal Recovery
Fund, Emergency Rental Assistance
Program, ECIP, CDFI Fund.
SBA............................... All programs.
USDA.............................. Rural Innovation Stronger Economy,
Rural Economic Development Loan and
Grant.
------------------------------------------------------------------------
IV. Expand Community Infrastructure
Programs that support the preservation or development of
affordable housing, community facilities, public transportation, and
high-quality broadband:
------------------------------------------------------------------------
------------------------------------------------------------------------
Commerce.......................... EDA Build Back Better Regional
Challenge.
NTIA Technical Assistance and
Infrastructure programs, including:
Connecting Minority
Communities Program.
Broadband Infrastructure
Program.
Tribal Broadband
Connectivity Program.
Broadband Equity, Access,
and Deployment Program (BEAD).
Middle Mile Broadband
Infrastructure Grant Program.
State Digital Equity
Planning Grant Program.
Digital Equity Competitive
Grant Program.
DOT............................... TIFIA, RRIF, Private Activity Bonds,
Thriving Communities *,
Reconnecting Communities, Regional
Infrastructure Accelerators *, Safe
Streets for All, Asset Concession-
Innovative Financing Grant *, Rural-
Tribal Technical Assistance Grant
*, Capital Investment Grants (other
public transport programs), FTA
Pilot Program.
HUD............................... Section 108, Community Development
Block Grant, HOME Investment
Partnership, Project-Based Rental
Assistance, Project Based Vouchers,
FHA Mortgage Insurance, Housing
Trust Fund, Choice Neighborhoods.
Treasury.......................... State and Local Fiscal Recovery
Fund, Capital Projects Fund,
Homeowners Assistance Fund, Low-
Income Housing Tax Credit.
SBA............................... 504 Loan Program, Contracting
Assistance Programs.
[[Page 71744]]
USDA.............................. RD Community Facilities Programs,
Rural Community Development
Initiative Grants, Section 502
loans, Section 504 loans and
grants, Mutual Self Help Grants,
Housing Preservation Grants, Rural
Rental Housing and Farm Labor
Housing Loans and Grants, Rental
Assistance, Rural Development
ReConnect and Community Connect
Programs. Rural Development Water
Emergency Community Water
Assistance Grants, Water
Infrastructure Grants for Rural and
Native Alaskan Villages, Rural
Decentralized Water Systems Grant
Program, Individual Water &
Wastewater Grants in Colonia Areas,
Water & Waste Disposal Grants to
Alleviate Health Risks on Tribal
Lands and Colonias, Water & Waste
Disposal Loans & Grants, Solid
Waste Management Grants.
------------------------------------------------------------------------
* Technical Assistance Program.
[FR Doc. 2022-25552 Filed 11-22-22; 8:45 am]
BILLING CODE 4810-AK-P
