03-8149. Proposed Collection; Comment Request

ACTION:

Notice and request for comments.

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, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community Development Financial Institutions Fund (the “Fund”) within the Department of the Treasury is soliciting comments concerning the Community Development Financial Institutions (“CDFI”) Program; Technical Assistance (incorporating Native American Technical Assistance) Component Application.

DATES:

Written comments should be received on or before June 2, 2003, to be assured of consideration.

ADDRESSES:

Direct all comments to Linda G. Davenport, Acting Deputy Director for Policy and Programs, Community Development Financial Institutions Fund, U.S. Department of the Treasury, 601 13th Street, NW., Suite 200 South, Washington, DC 20005, Facsimile Number [phone].

FOR FURTHER INFORMATION CONTACT:

The Technical Assistance Component application may be obtained from the Fund's Web site at http://www.cdfifund.gov. Requests for additional information should be directed to Linda G. Davenport, Acting Deputy Director for Policy and Programs, Community Development Financial Institutions Fund, U.S. Department of the Treasury, 601 13th Street, NW., Suite 200 South, Washington, DC 20005, or call [phone].

SUPPLEMENTARY INFORMATION:

Title: The Community Development Financial Institutions Program—Technical Assistance Component Application.

OMB Number: 1559-0006.

Abstract: The purpose of the CDFI Program is to promote economic revitalization and community development through investment in and assistance to certified community development financial institutions (CDFIs). Through the Technical Assistance Component of the CDFI Program, the Fund provides technical assistance in the form of grants to competitively selected CDFIs and entities proposing to become CDFIs. The Fund provides such assistance to such entities to enhance their capacity to address the community development and capital access needs of their particular target markets, including Native American, Alaska Native, and Native Hawaiian communities.

The Technical Assistance Component is also designed to meet the unmet capacity needs of early stage CDFIs, or entities proposing to become CDFIs, who have significant potential for increasing their community development impact.

Current Action: Currently receiving applications.

Type of review: Extension.

Affected Public: Not-for-profit institutions, businesses or other for-profit institutions and tribal entities.

Estimated Number of Respondents: 100.

Estimated Annual Time Per Respondent: 55 hours.

Estimated Total Annual Burden Hours: 5,500 hours.

Requests 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 Fund, including whether the information shall have practical utility; (b) the accuracy of the Fund'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 technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.

Authority: 12 U.S.C. 4703, 4703 note, 4704, 4706, 4707, 4717; 12 CFR part 1805.

Dated: March 28, 2003.

Tony T. Brown,

Director, Community Development Financial Institutions Fund.