1559-AA03 202404 Unified Agenda of Federal Regulatory and Deregulatory Actions 1559 Community Development Financial Institutions Fund CDFIF 1500 Department of the Treasury TREAS Capital Magnet Fund

Update the current CMF regulations to: (1) clarify terms, concepts and requirements of the CMF program to improve CMF recipients’ understanding of their obligation and requirements under the program; (2) ensure the CMF program requirements adequately address activities and current business practices in the affordable housing industry; (3) reduce the burden of administering CMF Awards for CMF recipients while ensuring accountability; (4) better align the CMF program with other federal assistance programs; and (5) better promote and incorporate policy priorities such as economic development in conjunction with affordable housing and affordable homeownership to the CMF program.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No 12 CFR 1807 Pub. L. 110-289 No RFI 07/07/2023 88 FR 43414 RFI Comment Period End 09/05/2023 Interim Final Rule 07/00/2024 No Businesses Organizations None No No No No Andrew Schlack 1559 202 341-5816 schlacka@cdfi.treas.gov 1500 Pennsylvania Avenue NW, Washington DC 20220