Emergency Capital Investment Program; Notice of Investment Availability, 76541 [2022-27000]

Download as PDF Federal Register / Vol. 87, No. 239 / Wednesday, December 14, 2022 / Notices Issued in Washington, DC, on December 8, 2022. Irene Marion, Director, Departmental Office of Civil Rights, U.S. Department of Transportation. [FR Doc. 2022–27048 Filed 12–13–22; 8:45 am] BILLING CODE 4910–9X–P DEPARTMENT OF THE TREASURY [Catalog of Federal Domestic Assistance (CFDA) Number: 21.030] Emergency Capital Investment Program; Notice of Investment Availability Emergency Capital Investment Program, Department of the Treasury. ACTION: Notice of investment availability. AGENCY: This NOIA is published in connection with the Emergency Capital Investment Program (ECIP), administered by the U.S. Department of the Treasury (Treasury). Through this NOIA, Treasury announces the availability of up to approximately $340 million in funding. Established by the Consolidated Appropriations Act, 2021, the ECIP was created to encourage lowand moderate-income community financial institutions to augment their efforts to support small businesses and consumers in their communities. Under the program, Treasury will provide up to $8.7 billion in capital directly to depository institutions that are certified community development financial institutions (CDFIs) or minority depository institutions (MDIs) to, among other things, provide loans, grants, and forbearance for small businesses, minority-owned businesses, and consumers, especially in low-income and underserved communities, that may be disproportionately impacted by the economic effects of the COVID–19 pandemic. Treasury previously invested a total of approximately $8.34 billion and may invest up to an additional approximately $340 million. This is the second round of ECIP funding available. DATES: Low- and moderate-income community financial institutions may submit applications for investment starting on the date of publication of this Notice of Investment Availability (NOIA). In order to be considered for investment, applications must be submitted by 11:59 p.m. Eastern Time (ET) on January 31, 2023. SUPPLEMENTARY INFORMATION: For more information, please see Treasury’s ECIP website at https://home.treasury.gov/ policy-issues/coronavirus/assistancefor-small-businesses/emergency-capital- lotter on DSK11XQN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 17:11 Dec 13, 2022 Jkt 259001 investment-program. Any terms not defined in this NOIA are defined under 12 U.S.C. 4703a or the ECIP Application Forms and Instructions, as applicable. Form of Application: Electronic application via the ECIP portal is required. As of the date of this NOIA, a copy of the ECIP Application Form and Instructions is available on the ECIP website at https://home.treasury.gov/ policy-issues/coronavirus/assistancefor-small-businesses/emergency-capitalinvestment-program. Additional resources available on the ECIP website include application FAQs, forms of legal documents, information on how applications will be evaluated, and other information. Note that the displayed version of the application cannot be submitted for consideration. Applicants must use the application form available via the ECIP portal. FOR FURTHER INFORMATION CONTACT: David Meyer, Program Manager, Emergency Capital Investment Program, (202) 819–3127, ECIP@treasury.gov. Noel Poyo, Deputy Assistant Secretary for Community and Economic Development. [FR Doc. 2022–27000 Filed 12–13–22; 8:45 am] BILLING CODE 4810–AK–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Annual Certification and Data Collection Report Form and the Abbreviated Transaction Level Report Departmental Offices, Department of the Treasury. ACTION: Notice of information collection; request for comment. AGENCY: The Department of the Treasury will submit the following information requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests. DATES: Comments should be received on or before January 13, 2023 to be assured of consideration. ADDRESSES: 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 information collection by selecting ‘‘Currently under 30-day Review—Open SUMMARY: PO 00000 Frm 00090 Fmt 4703 Sfmt 4703 76541 for Public Comments’’ or by using the search function. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Melody Braswell by emailing PRA@treasury.gov, calling (202) 622–1035, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: CDFI Fund Title: Annual Certification and Data Collection Report Form and the abbreviated Transaction Level Report. OMB Control Number: 1559–0046. Type of Review: Revision of a currently approved collection. Description: A Certified Community Development Financial Institution (CDFI) is a specialized financial institution that works in markets that are underserved by traditional financial institutions and provide a range of Financial Products and Financial Services in economically distressed Target Markets. CDFIs include regulated institutions such as community development banks and credit unions, and non-regulated institutions such as loan and venture capital funds. CDFI Certification is a designation conferred by the Community Development Financial Institutions Fund (CDFI Fund) and is a requirement for accessing various CDFI Fund programs. A financial institution seeking to become a Certified CDFI and qualify to apply for assistance from the CDFI Fund must complete the CDFI Certification Application (OMB Control Number 1559–0028). CDFI Certification and the Annual Certification and Data Collection Report (ACR) are requirements of Certified CDFIs. The Transaction Level Report (TLR) is a requirement of CDFIs that receive Financial Assistance (FA) awards from the CDFI Fund. The CDFI Fund is authorized by the Riegle Community Development Banking and Financial Institutions Act of 1994 (Pub. L. 103–325, 12 U.S.C. 4701 et seq.) (the Act). The regulations governing CDFI Certification are found at 12 CFR. 1805.201 (the Regulations). The significance of CDFI Certification has increased over the years, as the CDFI Certification status has come to serve as a qualifier for other federal government and private sector resources and benefits. Beginning in January 2017, through the issuance of a Request for Information, the CDFI Fund sought to review and update the CDFI Certification policies and procedures to ensure they continue to meet the statutory and regulatory requirements, E:\FR\FM\14DEN1.SGM 14DEN1

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[Federal Register Volume 87, Number 239 (Wednesday, December 14, 2022)]
[Notices]
[Page 76541]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27000]


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DEPARTMENT OF THE TREASURY

[Catalog of Federal Domestic Assistance (CFDA) Number: 21.030]


Emergency Capital Investment Program; Notice of Investment 
Availability

AGENCY: Emergency Capital Investment Program, Department of the 
Treasury.

ACTION: Notice of investment availability.

-----------------------------------------------------------------------

SUMMARY: This NOIA is published in connection with the Emergency 
Capital Investment Program (ECIP), administered by the U.S. Department 
of the Treasury (Treasury). Through this NOIA, Treasury announces the 
availability of up to approximately $340 million in funding. 
Established by the Consolidated Appropriations Act, 2021, the ECIP was 
created to encourage low- and moderate-income community financial 
institutions to augment their efforts to support small businesses and 
consumers in their communities. Under the program, Treasury will 
provide up to $8.7 billion in capital directly to depository 
institutions that are certified community development financial 
institutions (CDFIs) or minority depository institutions (MDIs) to, 
among other things, provide loans, grants, and forbearance for small 
businesses, minority-owned businesses, and consumers, especially in 
low-income and underserved communities, that may be disproportionately 
impacted by the economic effects of the COVID-19 pandemic. Treasury 
previously invested a total of approximately $8.34 billion and may 
invest up to an additional approximately $340 million. This is the 
second round of ECIP funding available.

DATES: Low- and moderate-income community financial institutions may 
submit applications for investment starting on the date of publication 
of this Notice of Investment Availability (NOIA). In order to be 
considered for investment, applications must be submitted by 11:59 p.m. 
Eastern Time (ET) on January 31, 2023.

SUPPLEMENTARY INFORMATION: For more information, please see Treasury's 
ECIP website at https://home.treasury.gov/policy-issues/coronavirus/assistance-for-small-businesses/emergency-capital-investment-program. 
Any terms not defined in this NOIA are defined under 12 U.S.C. 4703a or 
the ECIP Application Forms and Instructions, as applicable.
    Form of Application: Electronic application via the ECIP portal is 
required. As of the date of this NOIA, a copy of the ECIP Application 
Form and Instructions is available on the ECIP website at https://home.treasury.gov/policy-issues/coronavirus/assistance-for-small-businesses/emergency-capital-investment-program. Additional resources 
available on the ECIP website include application FAQs, forms of legal 
documents, information on how applications will be evaluated, and other 
information. Note that the displayed version of the application cannot 
be submitted for consideration. Applicants must use the application 
form available via the ECIP portal.

FOR FURTHER INFORMATION CONTACT: David Meyer, Program Manager, 
Emergency Capital Investment Program, (202) 819-3127, 
[email protected].

Noel Poyo,
Deputy Assistant Secretary for Community and Economic Development.
[FR Doc. 2022-27000 Filed 12-13-22; 8:45 am]
BILLING CODE 4810-AK-P
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