{"abstract":"The Department of the Treasury is issuing a revised interim rule implementing the Capital Magnet Fund (CMF), administered by the Community Development Financial Institutions Fund (CDFI Fund). This revised interim rule incorporates, among other things: revisions to certain definitions and CMF program requirements to improve the public's understanding and streamline the administration of CMF program requirements; revisions to project level requirements to better align CMF with other Federal housing programs; programmatic updates to address current business practices in the affordable housing industry; and consolidation of Economic Development Activities under a new section for a more comprehensive articulation of the criteria. This revised interim rule also reflects requirements set forth in a final rule, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, adopted by the Department of the Treasury on December 19, 2014 (hereafter referred to as the Uniform Administrative Requirements).","action":"Interim rule with request for public comment.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Community Development Financial Institutions Fund","name":"Community Development Financial Institutions Fund","id":78,"url":"https://www.federalregister.gov/agencies/community-development-financial-institutions-fund","json_url":"https://www.federalregister.gov/api/v1/agencies/78","parent_id":497,"slug":"community-development-financial-institutions-fund"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2024/06/25/2024-13797.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1807","title":12}],"citation":"89 FR 53004","comment_url":null,"comments_close_on":"2024-08-26","correction_of":null,"corrections":[],"dates":"Effective date: June 25, 2024. All comments must be submitted on or before August 26, 2024. Comments can be submitted electronically via the e-Rulemaking Portal: www.regulations.gov. The compliance date requirements for the collection of information in Sec. 1807.902 is stayed indefinitely, pending Office of Management and Budget approval and assignment of an OMB control number.","disposition_notes":null,"docket_ids":[],"dockets":[{"supporting_documents":[],"agency_name":"CDFI","documents":[{"comment_count":21,"comment_start_date":"2024-06-25","updated_at":"2024-09-03T17:08:17.744-04:00","comment_url":"https://www.regulations.gov/commenton/CDFI-2024-0001-0001","allow_late_comments":false,"id":"CDFI-2024-0001-0001","comment_end_date":"2024-08-27","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"CDFI-2024-0001","title":"Capital Magnet Fund"}],"document_number":"2024-13797","effective_on":"2024-06-25","end_page":53025,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2024/06/25/2024-13797.xml","html_url":"https://www.federalregister.gov/documents/2024/06/25/2024-13797/capital-magnet-fund","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2024-13797?publication_date=2024-06-25","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2024-06-25/2024-13797/mods.xml","not_received_for_publication":null,"page_length":22,"page_views":{"count":1140,"last_updated":"2026-07-27 12:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-06-25/pdf/2024-13797.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-13797.pdf?1719233111","publication_date":"2024-06-25","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2024/06/25/2024-13797.txt","regulation_id_number_info":{"1559-AA03":{"issue":"202410","html_url":"https://www.federalregister.gov/regulations/1559-AA03/capital-magnet-fund","title":"Capital Magnet Fund","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202410&RIN=1559-AA03&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1559-AA03"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1559-AA03/capital-magnet-fund","title":"Capital Magnet Fund"},"comments_count":21,"agency_id":"CDFI","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=CDFI-2024-0001","supporting_documents_count":0,"docket_id":"CDFI-2024-0001","document_id":"CDFI-2024-0001-0001","regulation_id_number":"1559-AA03","title":"Capital Magnet Fund","checked_regulationsdotgov_at":"2024-08-29T01:00:08Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":53004,"subtype":null,"title":"Capital Magnet Fund","toc_doc":"Capital Magnet Fund","toc_subject":null,"topics":["Community development","Grant programs-housing and community development","Reporting and recordkeeping requirements"],"type":"Rule","volume":89}