Capital Magnet Fund Application

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 1 CMF Program Application FY2025-2027	Form and Instruction	New	Available
Form 1 Capital Magnet Fund Application Form and Instructions	Form and Instruction	New	Repair queued
CMF Annual Report	Form	Removed	Available
CMF Annual Report - State, Local and Tribal Recipients	Form	Removed	Repair queued
Capital Magnet Fund Application	Form and Instruction	Removed	Available
Capital Magnet Fund Application - State, Local and Tribal Applicants	Form and Instruction	Removed	Repair queued
CMF Annual Report	Form	Removed	Available
CMF Annual Report - Private Sector and Nonprofit Recipients	Form	Removed	Repair queued
Capital Magnet Fund Application	Form and Instruction	Removed	Available
Capital Magnet Fund Application - Private Sector and Nonprofit Applicants	Form and Instruction	Removed	Repair queued
CMF Program Application_Supporting Statement and Appendix A_FY 2025-FY 2027_Final Version.pdf	Supporting Statement A	Uploaded 2025-04-09	Available
CMF Program Application_Supporting Statement and Appendix A_FY 2025-FY 2027_Final Version.pdf	Supporting Statement A	Uploaded 2025-04-09	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
274574	Capital Magnet Fund Application Form and Instructions	Form and Instruction	New	CMF Program Application FY2025-2027
274574	Capital Magnet Fund Application Form and Instructions	Form and Instruction	New
227793	CMF Annual Report - State, Local and Tribal Recipients	Form	Removed	CMF Annual Report
227793	CMF Annual Report - State, Local and Tribal Recipients	Form	Removed
227792	Capital Magnet Fund Application - State, Local and Tribal Applicants	Form and Instruction	Removed	Capital Magnet Fund Application
227792	Capital Magnet Fund Application - State, Local and Tribal Applicants	Form and Instruction	Removed
222208	CMF Annual Report - Private Sector and Nonprofit Recipients	Form	Removed	CMF Annual Report
222208	CMF Annual Report - Private Sector and Nonprofit Recipients	Form	Removed
218994	Capital Magnet Fund Application - Private Sector and Nonprofit Applicants	Form and Instruction	Removed	Capital Magnet Fund Application
218994	Capital Magnet Fund Application - Private Sector and Nonprofit Applicants	Form and Instruction	Removed

ICR Details

OMB Control No: 1559-0036	ICR Reference No: 202503-1559-007
Status: Active	Previous ICR Reference No: 202104-1559-001
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: Capital Magnet Fund Application
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/25/2025
Retrieve Notice of Action (NOA)	Date Received in OIRA: 04/22/2025
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2028	36 Months From Approved
Responses	136	0	0
Time Burden (Hours)	16,320	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Under the Capital Magnet Fund (CMF) the Community Development Financial Institutions (CDFI) Fund provides competitively awarded grants to CDFIs and qualified nonprofit housing organizations to finance affordable housing and related community development projects.

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Authorizing Statute(s): PL: Pub.L. 110 - 289 1339 Name of Law: Housing & Economic Recovery Act of 2008
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1559-AA03	Final or interim final rulemaking	89 FR 53004	06/25/2024

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 77969	09/24/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 16592	04/18/2025
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
CMF Annual Report - Private Sector and Nonprofit Recipients	N/A	CMF Annual Report
CMF Annual Report - State, Local and Tribal Recipients	N/A	CMF Annual Report
Capital Magnet Fund Application - Private Sector and Nonprofit Applicants	N/A	Capital Magnet Fund Application
Capital Magnet Fund Application - State, Local and Tribal Applicants	N/A	Capital Magnet Fund Application
Capital Magnet Fund Application Form and Instructions	1	CMF Program Application FY2025-2027

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	136	0	0	-428	136	428
Annual Time Burden (Hours)	16,320	0	0	-22,260	16,320	22,260
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: Changes proposed to the FY 2025-2027 CMF Application reflect agency efforts and suggestions from public comments to consolidate information requests, provide clarification and consistency, and eliminate certain requests for information no longer needed. Many of the proposed changes reflect updates needed to align the Application with the new CMF Interim Rule (effective June 25, 2024).

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Annual Cost to Federal Government: $2,168,867

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 04/22/2025

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