The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is soliciting comments regarding the design, implementation, and administration of the CDFI Bond Guarantee Program. The request for comments will be published in the Federal Register on July 1, 2011.
The CDFI Bond Guarantee Program was enacted through the Small Business Jobs Act of 2010 (Public Law 111-240) on September 27, 2010. The CDFI Fund will serve as the program administrator and the Treasury Department will guarantee the full amount of notes or bonds issued to support Community Development Financial Institutions (CDFIs) that make investments for eligible community or economic development purposes. The bonds or notes will support CDFI lending and investment by providing a source of long-term, patient capital to CDFIs.
Written comments should be received on or before August 15, 2011 to be assured of consideration. Comments submitted in response to this notice will become a matter of public record.
The CDFI Fund is particularly interested in comments in the following areas regarding the CDFI Bond Guarantee Program:
- Definitions of statutory terms and program parameters
- Eligible use of funds
- Eligible entities and required qualifications
- Underwriting criteria and guarantee provisions
- Accountability and compliance measures
Comments may be sent by mail to: Jodie Harris, Policy Specialist, CDFI Fund, U.S. Department of the Treasury, 601 13th Street, NW, Suite 200 South, Washington, DC 20005; by e-mail to [email protected]; or by facsimile at (202) 622-7754. Please note this is not a toll free number.
