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TREAS/CDFIF | RIN: 1559-AA02 | Publication ID: Spring 2016 |
Title: Modification of CDFI Certification Requirements | |
Abstract:
The Community Development Financial Institutions Fund (CDFI Fund) is amending the CDFI certification regulation with respect to the financing entity requirement and participation as an Eligible CDFI in the CDFI Bond Guarantee Program. This regulatory change creates a means for the CDFI Fund, in its discretion, to permit a CDFI’s Affiliate, which applies for CDFI certification, to rely on the Controlling CDFI’s activity or track record in order to meet the financing entity requirement, solely for the purpose of the Affiliate participating as an Eligible CDFI under the CDFI Bond Guarantee Program. |
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Agency: Department of the Treasury(TREAS) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 1805 | |
Legal Authority: 12 U.S.C. 4703, 4703 (note), 4710 and 4717 31 U.S.C. 321 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Lisa Jones BGP Program Manager Department of the Treasury Community Development Financial Institutions Fund 1801 L Street NW., Suite 600, Washington, DC 20036 Phone:202 653-0323 Email: jonesl@cdfi.treas.gov |