86650 Federal Register / Vol. 85, No. 250 / Wednesday, December 30, 2020 / Notices Award by at least 10 times. Currently, Report. The CMF Assistance Agreement minimize the accidental creation of the CDFI Fund does not evaluate requires the collection of annual reports duplicate ‘‘project records’’ by Applicants exceeding the 10:1 ratio for compliance monitoring and program Recipients. The CDFI Fund is evaluating more favorably than Applicants that evaluation purposes. the feasibility of allowing Recipients to meet the minimum 10 times benchmark. Data collected through the CMF upload and create multiple project Should this approach be changed to Performance Report consists of three records, such as by uploading a recognize and score more favorably categories of data: (1) Mandatory data spreadsheet. How can the CDFI Fund Applicants with total leverage points, (2) conditionally required data ensure that Recipients do not create exceeding the minimum requirement? points based on project characteristics, duplicate records or generate other data (k) Program Income: During the five- financing type or other condition, and quality issues if ‘‘project records’’ are year Investment Period, the repayment (3) optional data points. For most allowed to be created in this manner? of principal and/or equity from projects compliance measures, AMIS calculates (c) Output Reports: The CDFI Fund financed with CMF is considered whether the Recipient is compliant or began providing output reports Program Income and must be reinvested non-compliant based on the data (summary data based on data inputted in CMF-eligible projects. To date, the reported into the system. When the by Recipients) in the CMF Performance reinvestment has been limited to the system determines that a non- Report that can be downloaded for Recipient’s approved Service Area. compliance has occurred, the Recipient individual Recipients to use beginning Should Recipients be allowed to is required to complete an explanation in July 2020. What modifications to reinvest CMF Program Income in of non-compliance prior to submitting these reports or other output reports anywhere in the United States without the report to the CDFI Fund. would be helpful to Recipients? restriction? Comments concerning the CMF (d) Data Collection Frequency: An (l) Streamlined Collection of Data on Performance Report are invited on: (a) ‘‘annual project report’’ record is a Track Record/Projections: As part of the Whether the collection of information is record within the reporting system that Application, the CDFI Fund collects and necessary for the proper performance of generally consists of data points that are evaluates information from Applicants the functions of the CDFI Fund, updated as a Project progresses, such as related to their five-year track record including whether the information shall dates, or data that is associated with and projections. In past Applications, have practical utility; (b) the accuracy of single performance years, such as this information has been collected in a the CDFI Fund’s estimate of the burden occupancy in that performance year. A format that indicates activity (cost and of the collection of information; (c) ways ‘‘project record’’ generally consists of units) on an annual basis. In the to enhance the quality, utility, and information entered only one time for proposed Application, the information clarity of the information to be each Project. Is there any data currently collection format in Tables A–C has collected; (d) ways to minimize the being collected annually on an ‘‘annual been changed to a cumulative five-year burden of the collection of information project report’’ record that should be basis. Is the approach of collecting on respondents, including through the collected only once? Is there any data on cumulative data sufficient or should the use of technology; and (e) estimates of the ‘‘project record’’ that should be CDFI Fund continue to collect data for capital or start-up costs and costs of collected annually instead of only once? each year? operation, maintenance, and purchase An agency may not conduct or (m) Alignment with other Housing of services required to provide sponsor, and a person is not required to Programs: The CDFI Fund recognizes information. respond to, a collection of information that the Low Income Housing Tax Credit The CDFI Fund also seeks comments unless the collections of information (LIHTC) program is a significant on the following specific questions displays a valid OMB control number. resource used by many CMF Recipients related to the proposed CMF in CMF-financed projects. Are there Performance Report: Authority: Pub. L. 110–289, 12 CFR part 1807. ways the CDFI Fund can increase (a) Data Collection Changes: Are the alignment with LIHTC to reduce the proposals for new data points and Jodie L. Harris, burden on Applicants, particularly deleted data points in the CMF Director, Community Development Financial related to requirements or reporting for Performance Report appropriate? As Institutions Fund. tenant income determination, long term explained above, proposed changes are [FR Doc. 2020–28757 Filed 12–29–20; 8:45 am] deed restrictions or restrictive highlighted or listed in the CMF BILLING CODE 4810–70–P covenants, and income averaging? If so, Performance Report Data Points file. please describe specific ways the Will any of the proposed new data alignment could best be achieved? points for the CMF Performance Report DEPARTMENT OF THE TREASURY (n) Loan Loss Reserves/Guarantees: highlighted in this file be infeasible or The capitalization of Loan Loss Reserves overly burdensome to collect? Office of Foreign Assets Control and providing Loan Guarantees are (b) Bulk Upload of Data: The CMF Notice of OFAC Sanctions Actions eligible CMF activities. To ensure Performance Report does not currently oversight and effective use of CMF allow Recipients to use a bulk upload AGENCY: Office of Foreign Assets Awards, the CDFI Fund is considering process to create new ‘‘project records’’ Control, Treasury. a requirement that Loan Loss Reserves in the reporting system. A ‘‘project ACTION: Notice. or Guarantees provided with a CMF record’’ is a unique record that is Award be established as segregated created through the entry of basic data SUMMARY: The Department of the funds or accounts restricted to provide about an investment, such as the Treasury’s Office of Foreign Assets credit enhancement only for eligible location of the investment, the amount Control (OFAC) is publishing the names CMF activities. Would such a of the CMF Award Committed, and of one or more persons that have been requirement be feasible for Recipients? other information that typically is placed on OFAC’s Specially Designated entered when an investment is made; Nationals and Blocked Persons List CMF Performance Report data in the project record typically does based on OFAC’s determination that one The CDFI Fund is also seeking input not have to be revised or changed. The or more applicable legal criteria were on the content of the CMF Performance intent of the current policy is to satisfied. All property and interests in VerDate Sep<11>2014 17:47 Dec 29, 2020 Jkt 253001 PO 00000 Frm 00122 Fmt 4703 Sfmt 4703 E:\FR\FM\30DEN1.SGM 30DEN1 Federal Register / Vol. 85, No. 250 / Wednesday, December 30, 2020 / Notices 86651 property subject to U.S. jurisdiction of REFERENDUMAU (Cyrillic: W"YNHFKMYFZ or having participated in, actions or policies these persons are blocked, and U.S. RFVÈCÈZ H"CGE<KÈRÈ <TKFHECM GF that undermine democratic processes or DS<FHF{ È GHFDZLPTYYÈ persons are generally prohibited from institutions in Belarus. H"CGE<KÈRFYCRÈ{ H"ATH"YLEVFE); engaging in transactions with them. Dated: December 23, 2020. a.k.a. TSENTRALNAYA KOMISSIYA DATES: See SUPPLEMENTARY INFORMATION RESPUBLIKI BELARUS PO VYBORAM I Bradley T. Smith, section for effective date(s). PROVEDENIYU RESPUBLIKANSKIKH Deputy Director, Office of Foreign Assets WTYNHFKMYFZ FOR FURTHER INFORMATION CONTACT: REFERENDUMOV (Cyrillic: Control, U.S. Department of the Treasury. RJVBCCBZ HTCGE<KBRB <TKFHECM GJ [FR Doc. 2020–28863 Filed 12–29–20; 8:45 am] OFAC: Andrea Gacki, Director, tel.: DS<JHFV B GHJDTLTYB> 202–622–2420; Associate Director for BILLING CODE 4810–AL–P HTCGE<KBRFYCRB{ HTATHTYLEVJD)), Global Targeting, tel.: 202–622–2420; 11 Sovetskaya St., House of Government, Assistant Director for Sanctions Minsk 220010, Belarus [BELARUS]. Compliance & Evaluation, tel.: 202–622– Designated pursuant to section 1(a)(ii)(A) DEPARTMENT OF THE TREASURY 2490; Assistant Director for Licensing, of Executive Order 13405 of June 16, 2006, tel.: 202–622–2480; or Assistant Director ‘‘Blocking Property of Certain Persons Office of Foreign Assets Control Undermining Democratic Processes or for Regulatory Affairs, tel.: 202–622– Notice of OFAC Sanctions Actions 4855. Institutions in Belarus,’’ 71 FR 35485, 3 CFR 13405 (E.O. 13405) for being responsible for, AGENCY: Office of Foreign Assets SUPPLEMENTARY INFORMATION: or having participated in, actions or policies that undermine democratic processes or Control, Treasury. Electronic Availability institutions in Belarus. ACTION: Notice. The Specially Designated Nationals 2. KGB ALPHA (Cyrillic: RU< FKMAF) SUMMARY: The Department of the and Blocked Persons List and additional (a.k.a. ALFA SPETZNAZ; a.k.a. KGB ALFA; Treasury’s Office of Foreign Assets information concerning OFAC sanctions a.k.a. ‘‘ALPHA GROUP’’; a.k.a. ‘‘ALPHA Control (OFAC) is publishing the names programs are available on OFAC’s UNIT’’), Minsk, Belarus [BELARUS]. Designated pursuant to section 1(a)(ii)(A) of one or more persons that have been website (https://www.treasury.gov/ofac). of Executive Order 13405 of June 16, 2006, removed from the SDN List. Their Notice of OFAC Action(s) ‘‘Blocking Property of Certain Persons property and interests in property are no Undermining Democratic Processes or On December 23, 2020, OFAC longer blocked, and U.S. persons are no Institutions in Belarus,’’ 71 FR 35485, 3 CFR longer generally prohibited from determined that the property and 13405 (E.O.