[Federal Register Volume 68, Number 32 (Tuesday, February 18, 2003)]
[Notices]
[Page 7838]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-3940]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Notice of Funds Availability (``NOFA'') Inviting Applications for 
the FY 2003 Funding Round of the Financial Assistance Component of the 
Community Development Financial Institutions (``CDFI'') Program: Change 
of Application Deadlines; Policy Revision

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

ACTION: Notice of change of application deadlines; policy revision.

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    Change of Application Deadlines: On February 4, 2003, the Community 
Development Financial Institutions Fund (the ``Fund'') announced in a 
NOFA for the Financial Assistance Component of the CDFI Program (68 FR 
5738) that the deadline for applications for assistance through the 
Financial Assistance Component was March 10, 2003. On February 7, 2003, 
the Fund announced (68 FR 6540) that it was extending the deadline for 
applications for assistance through the Financial Assistance Component 
to March 17, 2003.
    This notice is to announce that, due to unforeseen complications 
with the development of the application and related documents, the Fund 
again is extending the deadline for the submission of electronic and 
paper applications for the FY 2003 funding round of the Financial 
Assistance Component, to 5 p.m. ET on April 14, 2003. Please also note 
that for electronic applications timely submitted, applicants must 
submit original signature pages not later than 5 p.m. ET on April 16, 
2003, in accordance with the instructions in the electronic 
application.
    In addition, the Fund is extending the deadline for submission of 
requests for paper applications to 5 p.m. ET on March 21, 2003. The 
Fund will provide program and technical support related to the 
Financial Assistance Component application between the hours of 9 a.m. 
and 5 p.m. ET through April 11, 2003. The Fund will not respond to 
telephone calls or e-mails concerning the application that are received 
after 5 p.m. ET on April 11, 2003, until after the Financial Assistance 
Component application deadline on April 14, 2003.
    Further, the Fund has extended certain other deadlines, as follows. 
An application for a FY 2003 Financial Assistance Component award will 
not be considered unless: (a) The applicant is already certified as a 
CDFI with a certification expiration date after June 30, 2003; or (b) 
the Fund receives from an applicant a complete CDFI certification 
application no later than March 7, 2003, evidencing that the applicant 
can be certified as a CDFI. With respect to any CDFI that is currently 
certified by the Fund and whose certification expiration date is on or 
before June 30, 2003, the Fund must receive an application for re-
certification no later than March 7, 2003, evidencing that the 
applicant can be re-certified as a CDFI.

Policy Revision

    The Fund has determined that it is appropriate to revise the 
definition of Category I applicants, set forth in the February 4, 2003 
NOFA for the Financial Assistance Component, as follows: Category I 
includes CDFIs that have capitalization needs up to and including 
$1,000,000 and total assets as of December 31, 2002 that range up to 
$500 million (for insured depository institutions and depository 
institution holding companies), up to $25 million (for insured credit 
unions), or up to $25 million for other CDFIs. This policy revisions 
comports with the definition of eligible CDFI Partner found in the NOFA 
for the FY 2003 funding round of the Bank Enterprise Award (BEA) 
Program (68 FR 5727).
    All other information and requirements set forth in the February 4, 
2003 NOFA for the Financial Assistance Component shall remain 
effective, as published.

FOR FURTHER INFORMATION CONTACT: If you have any questions about the 
programmatic requirements for this program, contact the Fund's Program 
Operations Manager. If you have questions regarding administrative 
requirements, contact the Fund's Awards Manager. The Program Operations 
Manager and the Awards Manager may be reached by e-mail at 
[email protected], by telephone at (202) 622-6355, by facsimile 
at (202) 622-7754, or by mail at CDFI Fund, 601 13th Street, NW., Suite 
200 South, Washington, DC 20005. Technical support related to the 
electronic application can be obtained by calling (202) 622-2455 and 
selecting option 1, then option 2, and then option 9, or by e-mail at 
[email protected]. These are not toll free numbers.

    Authority: 12 U.S.C. 4703, 4703 note, 4704, 4706, 4707, 4717; 12 
CFR part 1805.

    Dated: February 12, 2003.
Tony T. Brown,
Director, Community Development Financial Institutions Fund.
[FR Doc. 03-3940 Filed 2-14-03; 8:45 am]
BILLING CODE 4810-70-P