Request for Public Comment: Community Development Financial Institutions Program Application

(EMAILWIRE.COM, March 04, 2009 ) Washington, DC - The U.S. Department of 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 (CDFI) Fund is soliciting comments on the CDFI Program Application.

This application should be referenced for the purpose of providing comments comments on the use of the application to collect information only; it should not be completed and submitted as a request for funding. Written comments should be received on or before May 4, 2009 to be assured of consideration.

The CDFI Program was established by the Community Development and Regulatory Improvement Act of 1994 to use federal resources to invest in and build the capacity of CDFIs to serve low-income people and communities lacking adequate access to affordable financial products and services. Through the CDFI Program, the CDFI Fund provides Financial Assistance awards to CDFIs that have Comprehensive Business Plans for creating demonstrable community development impact through the deployment of credit, capital, and financial services within their respective Target Markets or the expansion into new Investment Areas, Low-Income Targeted Populations, or Other Targeted Populations. It also provides Technical Assistance grants to CDFIs and entities proposing to become CDFIs in order to build their capacity to better address the community development and capital access needs of their existing or proposed Target Markets and/or to become certified CDFIs. The regulations governing the CDFI Program are found at 12 CFR Part 1805 and provide guidance on evaluation criteria and other requirements of the CDFI Program.

View Related Federal Register Notice

Materials for Public Comment:

CDFI Program Application

CDFI Program Application Charts
2009 CDFI Program - Environmental Review Form
2009 CDFI Program - 501(c)(4) Form
2009 CDFI Program - Comprehensive Business Plan

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U.S. Department of the Treasury
U.S. Department of the Treasury
(800) 439-1420
CDFI Fund