[Federal Register Volume 66, Number 185 (Monday, September 24, 2001)]
[Notices]
[Pages 48920-48924]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-23670]



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Part II





Department of the Treasury





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Community Development Financial Institutions Fund



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Notice of Funds Availability (NOFA) Inviting Applications for the 
Community Development Financial Institutions Programs: Core and 
Intermediary Components; Small and Emerging CDFI Assistance (SECA) 
Component; Native American CDFI Technical Assistance (NACTA) Component; 
and Bank Enterprise Award Program; Notices

  Federal Register / Vol. 66, No. 185 / Monday, September 24, 2001 / 
Notices  

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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Notice of Funds Availability (NOFA) Inviting Applications for the 
Community Development Financial Institutions Program--Core and 
Intermediary Components

AGENCY: Community Development Financial Institutions Fund, Department 
of the Treasury.

ACTION: Notice of funds availability (NOFA) inviting applications for 
the FY 2002 funding round of the core and intermediary components of 
the Community Development Financial Institutions Program.

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SUMMARY: The Community Development Banking and Financial Institutions 
Act of 1994 (12 U.S.C. 4701 et seq.) (the ``Act'') authorizes the 
Community Development Financial Institutions Fund (the ``Fund'') of the 
U.S. Department of the Treasury to select and provide financial and 
technical assistance to eligible applicants under the Community 
Development Financial Institutions (``CDFI'') Program. The interim rule 
(12 CFR part 1805), most recently published in the Federal Register on 
August 14, 2000 (65 FR 49642), provides guidance on the contents of the 
necessary application materials, evaluation criteria and other program 
requirements. More detailed application content requirements are found 
in the application packet related to this NOFA. While the Fund 
encourages applicants to review the interim rule, all of the 
application content requirements and the evaluation criteria contained 
in the interim rule are also contained in the application packet.
    This NOFA is issued in connection with the Core and Intermediary 
Components of the CDFI Program. The Core Component provides financial 
assistance and technical assistance (``TA'') to CDFIs that serve their 
target markets through loans, investments, financial services and other 
activities. The Intermediary Component provides financial assistance 
and TA to CDFIs that provide financing primarily to other CDFIs and/or 
to support the formation of CDFIs. For Fiscal Year 2002, the Fund is 
combining the Core and Intermediary Component NOFAs into one funding 
round.
    Published elsewhere in this issue of the Federal Register are (i) 
The Fund's NOFA for the Small and Emerging CDFI Assistance (``SECA'') 
Component of the CDFI Program, through which CDFIs may apply for TA 
awards and Small and Emerging CDFIs, as hereafter defined, may apply 
directly to the Fund for financial assistance and TA awards, (ii) the 
Fund's NOFA for the Native American CDFI Technical Assistance 
(``NACTA'') Component of the CDFI Program, through which organizations 
that serve or wish to serve Native American communities through the 
provision of loans, investments and financial services, may apply 
directly to the Fund for TA awards; and (iii) the Fund's NOFA for the 
Bank Enterprise Award (``BEA'') Program, through which the Fund offers 
financial incentives to insured depository institutions for the purpose 
of promoting investments in, or other support to, CDFIs and 
facilitating increased lending and provision of financial and other 
services in economically distressed communities. In addition, the Fund 
expects to issue, at a later date, a Notice of Allocation Availability 
(``NOAA'') for the New Markets Tax Credit (``NMTC'') Program, inviting 
applications from eligible entities for allocations of tax credits. As 
set forth in the Fund's Guidance, published in the Federal Register on 
May 1, 2001 at 66 FR 21846, the NMTC Program will provide an incentive 
to investors in the form of a tax credit over seven years, which is 
expected to stimulate investment in new private capital that, in turn, 
will facilitate economic and community development in distressed 
communities.
    Although an applicant may apply for an award through the Core/
Intermediary Component and the SECA Component, it may only receive an 
award under one of those two Components. If an applicant applies for an 
award through the Core/Intermediary Component and the SECA Component, 
the Fund reserves the right to decide, in its sole discretion, under 
which Component, if any, an award may be made. While an applicant may 
receive only one award under either the Core/Intermediary Component or 
the SECA Component, an applicant, its subsidiaries or Affiliates may 
apply for and receive both a tax credit allocation through the NMTC 
Program and an award through the Core/Intermediary Component or the 
SECA Component.
    An entity that is a NACTA Component Category 1 entity (as that term 
is defined in the NACTA NOFA) may apply for an award through the Core/
Intermediary Component, the SECA Component, and the NACTA Component, 
but may only receive an award under one of those three Components. An 
applicant that is a NACTA Component Category 2 or Category 3 entity (as 
those terms are defined in the NACTA NOFA) may apply for an award 
through the Core/Intermediary Component, the SECA Component, and the 
NACTA Component and may receive an award under the NACTA Component and 
either the Core/Intermediary Component or the SECA Component, provided 
that the respective applications propose and seek funding for different 
activities. While a NACTA Component Category 1 entity may receive only 
one award under the Core/Intermediary Component, the SECA Component, or 
the NACTA Component, said entity, its subsidiaries or Affiliates also 
may apply for and receive a tax credit allocation through the NMTC 
Program and an award through the Core/Intermediary Component, the SECA 
Component, or the NACTA Component.
    Subject to funding availability, the Fund expects that it may award 
approximately $36.9 million in appropriated funds under this Core and 
Intermediary Components NOFA. The Fund reserves the right to award in 
excess of $36.9 million in appropriated funds under this NOFA provided 
that the funds are available and the Fund deems it appropriate. The 
Fund reserves the right to fund, in whole or in part, any, all, or none 
of the applications submitted in response to this NOFA.

DATES: Applications may be submitted at any time, commencing September 
24, 2001. The deadline for an application is 5 p.m. EST on December 11, 
2001. Applications received in the specific Bureau of the Public Debt--
Franchise Services (BPD) office designated below after that date and 
time will be rejected and returned to the sender, except as follows. An 
application mailed via the United States Postal Service will be 
considered as having met the application deadline if it is clearly 
postmarked on or before midnight December 10, 2001. An application sent 
by overnight/express delivery will be considered as having met the 
application deadline if it is placed in transit with an overnight/
express delivery service by no later than December 10, 2001. An 
application that is hand carried will be considered as having met the 
application deadline if it is received in the specific BPD office 
designated below by 5 p.m. EST on December 11, 2001. In each case, it 
is advisable to obtain documentation from the carrier showing the date 
and time the application was placed in transit or hand-delivered, as 
the case may be. A single, clear date and time stamp will help in 
determining whether the delivery of an application has met the deadline 
requirements set forth above.

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Applications sent by facsimile will not be accepted; applications sent 
electronically or by e-mail will be accepted only as set forth below.
    Demonstration Project: Electronic Submission of Applications: For 
purposes of this NOFA only, applicants are invited to participate in a 
pilot demonstration project to test the efficiency and efficacy of the 
Fund's new electronic application form. For this demonstration project, 
a limited number of applicants will be asked to complete and submit 
both a paper and an electronic application, in the formats prescribed 
by the Fund. If your organization is interested in learning more about 
this demonstration project, please (i) Visit www.treas.gov/cdfi for 
more information and (ii) e-mail the Fund at [email protected] 
(with the subject line: ``electronic application'') within 30 days of 
this NOFA to submit your organization's name (and a point of contact) 
as a prospective demonstration project participant, whereupon the Fund 
will contact you to inform you whether your organization has been 
selected to participate in the demonstration project. Participation in 
the demonstration project is in no way indicative of the likelihood of 
an applicant's success in being selected for an award under this NOFA. 
The Fund will accept electronic submission of applications only as 
described in this Section.

ADDRESSES: Applications shall be sent to: CDFI Fund Awards Manager, 
Bureau of Public Debt--Franchising, 200 Third Street, Room 211, 
Parkersburg, WV 26101. Applications will not be accepted at the Fund's 
offices.

FOR FURTHER INFORMATION CONTACT: If you have any questions about the 
programmatic requirements for this program, contact the Fund's CDFI 
Program Manager. If you wish to request an application package or have 
questions regarding application procedures, contact the Fund's Awards 
Manager. The CDFI Program Manager and the Awards Manager may be reached 
by e-mail at [email protected], by telephone at (202) 622-8662, 
by facsimile at (202) 622-7754, or by mail at CDFI Fund, 601 13th 
Street, NW., Suite 200 South, Washington, DC 20005. These are not toll 
free numbers. Allow at least one to two weeks from the date the Fund 
receives a request for receipt of the application package. Applications 
and other information regarding the Fund and its programs may be 
downloaded from the Fund's web site at www.treas.gov/cdfi.

SUPPLEMENTARY INFORMATION:

I. Background

    Credit and investment capital are essential ingredients for 
developing affordable housing, starting or expanding businesses, 
meeting unmet market needs, and stimulating economic growth. Access to 
financial services is critical to helping bring more Americans into the 
economic mainstream. The CDFI Program funds and supports financial 
institutions around the country that are specifically dedicated to 
financing and supporting community development activities. This 
strategy builds strong institutions that make loans and investments and 
provide financial services to markets (including economically 
distressed investment areas and disadvantaged targeted populations) 
whose needs for loans, investments, and financial services have not 
been fully met by traditional financial institutions.
    This NOFA covers the Fiscal Year 2002 round of the Core and 
Intermediary Components of the CDFI Program and invites CDFIs and CDFI 
Intermediaries to submit applications for financial assistance and TA 
awards for the purpose of serving their target markets through the 
provision of loans, investments and financial services.
    The Core Component provides assistance to CDFIs that directly serve 
their target markets through loans, investments and other activities, 
not including the financing of other CDFIs.
    The Intermediary Component provides financial assistance and TA to 
CDFIs that provide financing primarily to other CDFIs and/or to support 
the formation of CDFIs. The Fund believes that providing financial 
assistance and/or TA to such intermediaries can be an effective way to 
enhance its support of the CDFI industry by reaching CDFIs that the 
Fund itself cannot reach as effectively under the Core Component. In 
particular, the Fund wishes to support the activities of those CDFI 
Intermediaries that provide financing, Development Services, and other 
support to Small and Emerging CDFIs and other CDFIs or CDFIs in 
formation that have not received assistance from the CDFI Fund. With 
respect to an entity that is not a depository institution holding 
company or an insured depository institution, a Small and Emerging CDFI 
is one that (i) possesses total assets of $5 million or less as of the 
last day of its most recent fiscal year that ended prior to January 1, 
2002, and (ii) prior to the date of the application by the CDFI 
Intermediary under this NOFA or the date of the application of the 
Small and Emerging CDFI under the SECA NOFA, has never been selected to 
receive financial assistance under the CDFI Program. With respect to an 
applicant that is a depository institution holding company or an 
insured depository institution, a Small and Emerging CDFI is one that 
(i) prior to the date of the application by the CDFI Intermediary under 
this NOFA or the date of application of the Small and Emerging CDFI 
under the SECA NOFA, has never been selected to receive financial 
assistance under the CDFI Program, and (ii) received its original 
charter from the appropriate regulatory agency no more than three years 
prior to the date of this NOFA. This NOFA is not intended and should 
not be construed to allow an applicant to file a joint application on 
behalf of a group of other CDFIs, but rather to provide financial 
assistance and TA to intermediaries that provide financing, in arms-
length transactions, to other CDFIs and/or support the formation of 
CDFIs.
    Under this NOFA, the Fund anticipates a maximum award amount of 
$2.0 million per applicant. However, the Fund, in its sole discretion, 
reserves the right to award amounts in excess of the anticipated 
maximum award amount if the Fund deems it appropriate.
    Previous awardees under the CDFI Program are eligible to apply 
under this NOFA, but such applicants must be aware that success in a 
previous round should not be considered indicative of success under 
this NOFA. In addition, organizations will not be penalized for having 
received awards in previous funding rounds, except to the extent that: 
(1) The Fund is generally prohibited from obligating more than $5 
million in assistance, in the aggregate, to any one organization and 
its Subsidiaries and Affiliates during a three-year period (further 
guidance on the calculation of the $5 million cap is available on the 
Fund's website at www.treas.gov/cdfi); or (2) an applicant that is a 
previous Fund awardee under any other Fund program or component of the 
CDFI Program has failed to meet its reporting requirements, performance 
goals, financial soundness covenants (if applicable) and/or other 
requirements contained in the previously executed assistance or award 
agreement(s). Moreover, the Fund may, in its sole discretion, withhold 
or suspend making disbursements to an applicant, selected to receive an 
award under this NOFA, that either is a previous Fund awardee or whose 
Affiliate(s) is a previous Fund awardee under any other Fund program or 
component of the CDFI Program, if the applicant or its Affiliate(s) has 
failed to comply with any term, agreement, covenant or condition 
contained in or

[[Page 48922]]

referenced in any previous Fund assistance or award agreement. The Fund 
generally will commence or resume making disbursements to such 
applicant upon the applicant's or its Affiliate's subsequent 
compliance.

II. Eligibility

    The Act and the interim rule specify the eligibility requirements 
that each applicant must meet in order to be eligible to apply for 
assistance under this NOFA. At the time an entity submits its 
application, the entity must be a duly organized and validly existing 
legal entity under the laws of the jurisdiction in which it is 
incorporated or otherwise established. An entity must meet, or propose 
to meet, the Fund's CDFI certification requirements, as set forth in 
the Act and the interim rule. In general, an applicant, individually 
and collectively with its Affiliates, must have a primary mission of 
promoting community development. In addition, the applicant must: Be an 
insured depository institution, a depository institution holding 
company or an insured credit union; provide lending or equity 
investments; serve an investment area or a targeted population; provide 
development services; maintain community accountability; and be a non-
government entity. If an applicant is a depository institution holding 
company or an Affiliate of a depository institution holding company, 
the applicant individually and collectively with its Affiliates must 
meet all of the aforementioned requirements.
    For purposes of determining whether or not an applicant is serving 
an eligible Investment Area, the Fund will continue to use 1990 Census 
data, as 2000 Census data will not be available in sufficient detail 
for use under this NOFA.
    As explained in the application packet, applicants seeking to 
designate an ``Other Targeted Population'' must provide a brief 
analytical narrative with information demonstrating that the designated 
group of individuals in the applicant's service area lacks adequate 
access to loans, Equity Investments or Financial Services. This 
narrative requirement does not apply to applicants serving an Other 
Targeted Population composed of Blacks or African Americans, Native 
Americans or American Indians, or Hispanics or Latinos, on a national 
service level. In addition, for purposes of this NOFA, the Fund has 
determined that credible evidence exists that Alaska Natives residing 
in Alaska and Native Hawaiians or Other Pacific Islanders residing in 
Hawaii or other Pacific Islands lack adequate access to loans, Equity 
Investments or Financial Services. To the extent that an applicant is 
serving such population(s), it is not required to provide the 
analytical narrative describing these populations' unmet loan, Equity 
Investment or Financial Services needs.
    For purposes of this NOFA, the Fund will use the following 
definitions, set forth in the Office of Management and Budget (OMB) 
Notice, Revisions to the Standards for the Classification of Federal 
Data on Race and Ethnicity (October 30, 1997):
    (a) American Indian, Native American or Alaska Native: a person 
having origins in any of the original peoples of North and South 
America (including Central America) and who maintains tribal 
affiliation or community attachment;
    (b) Black or African American: a person having origins in any of 
the black racial groups of Africa (terms such as ``Haitian'' or 
``Negro'' can be used in addition to ``Black or African American'');
    (c) Hispanic or Latino: a person of Cuban, Mexican, or Puerto 
Rican, South or Central American or other Spanish culture or origin, 
regardless of race (the term ``Spanish origin'' can be used in addition 
to ``Hispanic or Latino''); and
    (d) Native Hawaiian or Other Pacific Islander: a person having 
origins in any of the original peoples of Hawaii, Guam, Samoa or other 
Pacific Islands.
    For further detail, please visit the Fund's website at 
www.treas.gov/cdfi, under Certification/Supplemental Information.
    In the case of a CDFI Intermediary applicant whose total activities 
are principally directed toward serving certified CDFIs, the Fund will 
assume that the applicant principally serves eligible Target Markets. 
Such an applicant need only specify the service area in which its 
certified CDFI clients are located (e.g., names of cities, counties, 
states, or national). In the case of an applicant whose total 
activities are not principally directed toward serving certified CDFIs, 
the applicant must provide information on how it determines that its 
total activities are principally directed toward organizations 
principally serving eligible Target Markets, such as requiring a 
minimum level of activity within Target Markets, or other means.
    If the applicant does not meet the CDFI certification requirements, 
the application shall include a realistic plan for the applicant to 
meet the certification criteria by December 31, 2003. In no event will 
the Fund disburse financial assistance and/or TA to the applicant until 
the applicant is certified as a CDFI. Further details regarding 
certification, eligibility and other program requirements are found in 
the application packet.

III. Types of Assistance

    An applicant may submit an application for financial assistance, 
TA, or both, under this NOFA. Financial assistance may be provided 
through an equity investment (including, in the case of certain insured 
credit unions, secondary capital accounts), a grant, loan, deposit, 
credit union shares, or any combination thereof. Applicants for 
financial assistance shall indicate the dollar amount, form, and terms 
and conditions of the assistance requested. Applicants for TA under 
this NOFA shall describe the type(s) of TA requested, when the TA will 
be acquired, the provider(s) of the TA, the cost of the TA, and a 
narrative explanation of how the TA will enhance their community 
development impact.

IV. Application Packet

    An applicant under this NOFA, whether applying for financial 
assistance, TA, or both, must submit the materials described in the 
application packet.

V. Matching Funds

    Applicants responding to this NOFA must obtain matching funds from 
sources other than the Federal government on the basis of not less than 
one dollar for each dollar of financial assistance provided by the Fund 
(matching funds are not required for TA). Matching funds must be at 
least comparable in form and value to the financial assistance provided 
by the Fund. Non-Federal funds obtained or legally committed on or 
after January 1, 2001, and before December 31, 2003, may be considered 
when determining matching funds availability. The Fund reserves the 
right to recapture and reprogram funds if an applicant fails to raise 
the required matching funds by December 31, 2003, or to grant an 
extension of such matching funds deadline for specific applicants 
selected for assistance, if the Fund deems it appropriate. Funds used 
by an applicant as matching funds for a previous award under the CDFI 
Program or under another Federal grant or award program cannot be used 
to satisfy the matching funds requirement. If an applicant seeks to use 
as matching funds monies received from an organization that was a 
previous awardee under the CDFI Program, the Fund will deem such funds 
to be Federal funds, unless the funding entity establishes to the 
reasonable satisfaction of the Fund, that

[[Page 48923]]

such funds do not consist, in whole or in part, of CDFI Program funds 
or other Federal funds.

VI. Evaluation

    All applications will be reviewed for eligibility and completeness. 
If determined to be eligible and complete, applications will be 
evaluated by the Fund on a competitive basis in accordance with the 
criteria described in this NOFA. In conducting its substantive review, 
the Fund will evaluate each application and assign numeric scores 
related to:
    (1) The applicant s ability to carry out its Comprehensive Business 
Plan and create community development impact (the Ability Criterion);
    (2) The quality of the applicant s strategy for carrying out its 
Comprehensive Business Plan and for creating community development 
impact (the Strategy Criterion); and
    (3) The extent to which an award to the applicant will maximize the 
effective use of the Fund's resources (the Effective Use Criterion).
    In addition, the Fund may consider the institutional and geographic 
diversity of applicants in making its funding determinations.

Phase One

    In Phase One of the substantive review, each Fund reader(s) will 
evaluate applications using a 100 point scale, as follows:
    (a) The Ability Criterion (the applicant's ability to carry out its 
Comprehensive Business Plan and create community development impact): 
50 point maximum, with a minimum score of 25 points required to be 
passed on for Phase Two review. The score of the Ability Criterion is 
based on a composite assessment of an applicant's organizational 
strengths and weaknesses under the four sub-criteria listed below. Such 
scoring reflects different weighting of the sub-criteria depending on 
whether an applicant is a start-up organization or an established 
organization. The Fund defines a start-up organization as an entity 
that has been in operation two years or less as of the date of this 
NOFA (meaning, for purposes of this NOFA, having incurred initial 
operating expenses on or after September 24, 1999).
    Under the Ability Criterion, the Fund will evaluate the following 
four sub-criteria:
    (1) Community development track record, including (for CDFI 
Intermediary applicants) activities and impacts relating to both Small 
and Emerging CDFIs and CDFIs that have not received assistance from the 
Fund: 12 point maximum (established organizations), 5 point maximum 
(start-ups);
    (2) Operational capacity and risk mitigation strategies: 12 point 
maximum (established organizations), 15 point maximum (start-ups);
    (3) Financial track record and strength: 12 point maximum 
(established organizations), 5 point maximum (start-ups); and
    (4) Capacity, skills and experience of the management team: 14 
point maximum (established organizations), 25 point maximum (start-
ups).
    (b) The Strategy Criterion (the quality of the strategy for 
carrying out the Comprehensive Business Plan and for creating community 
development impact): 40 point maximum with a minimum of 20 points 
required to be passed on for Phase Two review. Under the Strategy 
Criterion, the Fund will evaluate the following four sub-criteria:
    (1) The applicant's understanding of its market: 10 point maximum;
    (2) Program design and implementation plan: 10 point maximum;
    (3) Projections for financial performance and raising needed 
resources: 10 point maximum; and
    (4) Projections for generating, measuring and evaluating community 
development impact: 10 point maximum.
    In the case of an applicant that has previously received assistance 
from the Fund under the CDFI Program, the Fund will consider whether 
the applicant will expand its operations into a new target market, 
offer more products or services, and/or increase the volume of its 
activities.
    (c) The Effective Use Criterion (maximizing effective use of Fund 
resources): 10 point maximum, with a minimum of 5 points required to be 
passed on for Phase Two review. The Fund will consider:
    (1) The extent to which the applicant needs the Fund's assistance 
to carry out its Comprehensive Business Plan, including its track 
record in deploying existing resources;
    (2) The extent to which assistance from the Fund will help the 
applicant attract new or additional resources in support of its 
community development activities;
    (3) The extent of economic distress in the applicant's target 
market;
    (4) Other positive impacts that the Fund's assistance will enable, 
including development of innovative products and services that would 
benefit the applicant's Target Market specifically, and underserved 
markets generally; and
    (5) For CDFI Intermediary applicants, the extent to which the 
applicant's assistance to CDFIs and CDFIs in formation provides 
additional benefits, especially to Small and Emerging CDFIs, that are 
not provided by the Fund.
    In addition, in the case of an applicant that has previously 
received assistance from the Fund under the CDFI Program, the Fund will 
consider:
    (1) The applicant's level of success and extent of compliance in 
meeting its performance goals, financial soundness covenants (if 
applicable) and other requirements contained in the assistance 
agreement(s) with the Fund;
    (2) The benefits that will be created with new Fund assistance over 
and above benefits created by previous Fund assistance; and
    (3) The extent and effectiveness to which the applicant has used 
previous assistance from the Fund.

Phase Two

    Once the initial evaluation is completed, the Fund will determine 
which applications will receive further consideration for funding based 
on the recommendations and scores (standardized if deemed appropriate) 
received during Phase One review and the amount of funds available. 
Applicants that advance to Phase Two may receive a site visit and/or 
telephone interview(s) conducted by a Fund reviewer for the purpose of 
obtaining clarifying or confirming information. At this point in the 
process, applicants will be required to submit additional information, 
as set forth in detail in the application packet. After conducting such 
site visits/telephone interview(s), the Fund reviewers will evaluate 
applications based on all the elements outlined in the application, and 
prepare recommendation memoranda containing recommendations on the type 
and amount of assistance, if any, that should be provided to each 
applicant.
    A final review panel comprised of senior Fund staff will consider 
the Fund reviewers' recommendation memoranda and make final 
recommendations to the Fund's selecting official. In making its 
recommendations, the final review panel also may consider the 
institutional diversity and geographic diversity of applicants (e.g., 
recommending a CDFI from a state in which the Fund has not previously 
made an award over a CDFI in a state in which the Fund has already made 
numerous awards).
    The Fund's selecting official will make a final funding 
determination based on the applicant's file, including, without 
limitation, Phase One and Phase Two reviewer(s) recommendations and the 
panel's recommendation, the amount of funds

[[Page 48924]]

available, and for a prior awardee, the status of its compliance and 
award disbursements to date. In the case of regulated CDFIs, the 
selecting official will also take into consideration the views of the 
appropriate Federal banking agencies. The Fund's selecting official 
reserves the right to reject any application in the case of a previous 
Fund awardee that has failed to comply with the terms and conditions of 
its previous assistance or award agreement(s).
    The Fund reserves the right to change these evaluation procedures 
if the Fund deems it appropriate.

VII. Information Sessions

    In connection with the Fiscal Year 2002 funding rounds of its 
programs, the Fund will conduct In-Person Information Sessions to 
disseminate information to organizations contemplating applying to, and 
other organizations interested in learning about, the Core, 
Intermediary, SECA and NACTA Components of the CDFI Program, and the 
BEA Program. Registration is required, as the In-Person Information 
Sessions will be held in secured federal facilities. The Fund 
anticipates conducting up to 17 In-Person Information Sessions, through 
October 31, 2001, in the following cities: Anchorage, AK; Boston, MA; 
Chicago, IL; Dallas, TX; Denver, CO; Honolulu, HI; Los Angeles, CA; 
Memphis, TN; Miami, FL; Minneapolis, MN; Philadelphia, PA; Seattle, WA; 
and Washington, DC.
    In addition to the In-Person Information Sessions listed above, the 
Fund will broadcast a Televideo Information Session, using interactive 
video-teleconferencing technology, on November 8, 2001 (tentative 
date), 1:00 p.m. to 4:00 p.m. EST. Registration is required, as the 
Televideo Information Session will be held in secured federal 
facilities. The Televideo Information Session will be produced in 
Washington, DC, and will be downlinked via satellite to the local 
Department of Housing and Urban Development (HUD) offices located in 
the following 81 cities: Albany, NY: Albuquerque, NM; Anchorage, AK; 
Atlanta, GA; Baltimore, MD; Bangor, ME; Birmingham, AL; Boise, ID; 
Boston, MA; Buffalo, NY; Burlington, VT; Camden, NJ; Casper, WY; 
Charleston, WV; Chicago, IL; Cincinnati, OH; Cleveland, OH; Columbia, 
SC; Columbus, OH; Dallas, TX; Denver, CO; Des Moines, IA; Detroit, MI; 
Fargo, ND; Flint, MI; Fort Worth, TX; Fresno, CA; Grand Rapids, MI; 
Greensboro, NC; Hartford, CT; Helena, MT; Honolulu, HI; Houston, TX; 
Indianapolis, IN; Jackson, MS; Jacksonville, FL; Kansas City, KS; 
Knoxville, TN; Las Vegas, NV; Little Rock, AR; Los Angeles, CA; 
Louisville, KY; Lubbock, TX; Manchester, NH; Memphis, TN; Miami, FL; 
Milwaukee, WI; Minneapolis, MN; Nashville, TN; New Orleans, LA; New 
York, NY; Newark, NJ; Oklahoma City, OK; Omaha, NE; Orlando, FL; 
Philadelphia, PA; Phoenix, AZ; Pittsburgh, PA; Portland, OR; 
Providence, RI; Reno, NV; Richmond, VA; Sacramento, CA; St. Louis, MO; 
Salt Lake City, UT; San Antonio, TX; San Diego, CA; San Francisco, CA; 
San Juan, PR; Santa Ana, CA; Seattle, WA; Shreveport, LA; Sioux Falls, 
SD; Spokane, WA; Springfield, IL; Syracuse, NY; Tampa, FL; Tucson, AZ; 
Tulsa, OK; Washington, DC; and Wilmington, DE.
    For further information on the Fund's Information Sessions, dates 
and locations, or to register online for an Information Session, please 
visit the Fund's website at www.treas.gov/cdfi. If you do not have 
Internet access, you may register by calling the Fund at (202) 622-
8662.
    Catalog of Federal Domestic Assistance: 21.021.

    Authority: 12 U.S.C. 1834a, 4703, 4703 note, 4713; 12 CFR part 
1806.

Tony Brown,
Director, Community Development Financial Institutions Fund.
[FR Doc. 01-23670 Filed 9-21-01; 8:45 am]
BILLING CODE 4810-70-P