The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is soliciting comments regarding the interim operating rule for the Capital Magnet Fund. The interim rule remains largely unchanged from the proposed rule that the CDFI Fund published on March 15 and creates the requirements and parameters for the program’s implementation and administration, including, among others, application eligibility, application review, award selection, eligible uses of award dollars and related funds, and compliance monitoring. Comments are due by February 1, 2011.

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