Federal Register, Volume 83 Issue 22 (Thursday, February 1, 2018)

[Federal Register Volume 83, Number 22 (Thursday, February 1, 2018)]
[Notices]
[Pages 4729-4750]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-01998]

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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund

Funding Opportunity Title: Notice of Funds Availability (NOFA)
Inviting Applications for Financial Assistance (FA) Awards or Technical
Assistance (TA) Grants Under the Native American CDFI Assistance (NACA
Program) Fiscal Year (FY) 2018 Funding Round

Announcement Type: Announcement of funding opportunity.
Funding Opportunity Number: CDFI-2018-NACA.
Catalog of Federal Domestic Assistance (CFDA) Number: 21.012.
Key Dates:

Table 1--FY 2018 NACA Program Funding Round--Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
Description Deadline Time (eastern time--ET) Submission method
----------------------------------------------------------------------------------------------------------------
Last day to contact February 28, 2018........... 11:59 p.m.................. Service Request via
Certification, Compliance Award Management
Monitoring and Evaluation Information System
(CCME) staff regarding CDFI (AMIS).
Certification.
CDFI certification March 2, 2018............... 11:59 p.m.................. Electronically via
applications. AMIS.
Create AMIS Account (New March 2, 2018............... 11:59 p.m.................. AMIS.
Applicants).
SF424 (Application for Federal March 2, 2018............... 11:59 p.m.................. Electronically via
Assistance). Grants.gov.
Last day to contact NACA April 2, 2018............... 5:00 p.m................... Service Request via
Program staff. AMIS or CDFI Fund
Helpdesk: 202-653-
0421.
NACA Program Application for April 4, 2018............... 11:59 p.m.................. AMIS.
Financial Assistance (FA) or
Technical Assistance (TA).
----------------------------------------------------------------------------------------------------------------

Executive Summary: Through the NACA Program, the Community
Development Financial Institutions (CDFI) Fund provides (i) FA awards
of up to $1 million to Certified Community Development Financial
Institutions (CDFIs) serving Native American, Alaska Native, or Native
Hawaiian populations or Native American areas defined as Federally-
designated reservations, Hawaiian homelands, Alaska Native Villages and
U.S. Census Bureau-designated Tribal Statistical Areas (collectively,
``Native Communities'') to build their financial capacity to lend to
their Target Markets, and (ii) TA grants of up to $150,000 to build
Certified, Certifiable, and Emerging CDFIs' organizational capacity to
serve their Target Markets and Sponsoring Entities ability to create
Certified CDFIs that serve Native Communities. All awards provided
through this NOFA are subject to funding availability.

I. Program Description

A. History: The CDFI Fund was established by the Riegle Community
Development Banking and Financial Institutions Act of 1994 to promote
economic revitalization and community development through investment in
and assistance to CDFIs. Since its creation in 1994, the CDFI Fund has
awarded more than $2.5 billion to CDFIs, community development
organizations, and financial institutions through the Community
Development Financial Institutions Program (CDFI Program), the Native
American CDFI Assistance Program (NACA Program), the Bank Enterprise
Award Program (BEA Program), the Capital Magnet Fund, and the Financial
Education and Counseling Pilot Program. In addition, the CDFI Fund has
allocated more than $50.5 billion in tax credit allocation authority
through the New Markets Tax Credit Program (NMTC Program) and has
guaranteed $1.36 billion in bonds for Eligible CDFIs through the CDFI
Bond Guarantee Program.

[[Page 4730]]

B. Priorities: Through the NACA Program's FA awards and TA grants,
the CDFI Fund invests in and builds the capacity of for-profit and non-
profit community based lending organizations known as CDFIs. These
organizations, certified as CDFIs by the CDFI Fund, serve Native
Communities.
C. Program Regulations: The regulations governing the NACA Program
are found at 12 CFR parts 1805 and 1815 (the Regulations) and are used
by the CDFI Fund to govern, in general, the NACA Program, setting forth
evaluation criteria and other program requirements. The CDFI Fund
encourages Applicants to review the Regulations; this NOFA; the
Application; and the Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards (2 CFR 200; 78
Federal Register 78590) (the Uniform Requirements) for a complete
understanding of the NACA Program. Capitalized terms in this NOFA are
defined in the authorizing statute, the Regulations, this NOFA, the
Application, or the Uniform Requirements. Details regarding Application
content requirements are found in the Application and related
materials.
D. Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (2 CFR 200): The Uniform Requirements
codify financial, administrative, procurement, and program management
standards that Federal award agencies must follow. When evaluating
award applications, awarding agencies must evaluate the risks to the
program posed by each applicant, and each applicant's merits and
eligibility. These requirements are designed to ensure that applicants
for Federal assistance receive a fair and consistent review prior to an
award decision. This review will assess items such as the Applicant's
financial stability, quality of management systems, the soundness of
its business plan, history of performance, ability to achieve
measurable impacts through its products and services, and audit
findings. In addition, the Uniform Requirements include guidance on
audit requirements and other award compliance requirements for
Recipients.
E. Funding Limitations: The CDFI Fund reserves the right to fund,
in whole or in part, any, all, or none of the Applications submitted in
response to this NOFA. The CDFI Fund also reserves the right to
reallocate funds from the amount that is anticipated to be available
through this NOFA to other CDFI Fund initiatives that are designed to
benefit Native American, Native Hawaiian, and Alaskan Native
communities, particularly if the CDFI Fund determines that the number
of awards made through this NOFA is fewer than projected.

II. Federal Award Information

A. Funding Availability:
1. FY 2018 Funding Round: The CDFI Fund expects to award, through
this NOFA, approximately $15.5 million as indicated in the following
table:

Table 2--FY 2018 Funding Round Anticipated Category Amounts
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Award amount Estimated Estimate
Funding categories (see definition in Table 7 for TA or total amount -------------------------------- number of average amount Average amount
Table 8 for FA) to be awarded awards for FY awarded in FY awarded in FY
(millions) Minimum Maximum 2018 2018 2017
--------------------------------------------------------------------------------------------------------------------------------------------------------
FA...................................................... $10.95 $150,000 $1,000,000 19 $577,000 $577,000
Persistent Poverty Counties--Financial Assistance (PPC- 1.55 100,000 300,000 8 195,000 195,000
FA)....................................................
TA...................................................... 3 10,000 150,000 20 147,000 147,000
-----------------------------------------------------------------------------------------------
Total (FA, PPC-FA, and TA).......................... 15.5 .............. .............. 47 .............. ..............
Disability Funds--Financial Assistance (DF-FA) *........ 2.5 100,000 500,000 10 250,000 N/A
Healthy Food Financing Initiative--Financial Assistance 22 500,000 5,000,000 10 2,200,000 1,700,000
(HFFI-FA) *............................................
--------------------------------------------------------------------------------------------------------------------------------------------------------
* DF-FA and HFFI-FA appropriation will be allocated in one competitive round between the NACA and CDFI Program NOFAs.

The CDFI Fund reserves the right to award more or less than the
amounts cited above in each category, based upon available funding and
other factors, as appropriate.
2. Funding Availability for the FY 2018 Funding Round: Funds for
the FY 2018 Funding Round are subject to change based on passage of a
final FY 2018 budget; if Congress does not appropriate funds for the
NACA Program there will not be an FY 2018 Funding Round. If funds are
appropriated, the amount of such funds may be greater or less than the
amounts set forth above. The CDFI Fund reserves the right to contact
applicants to seek additional information in the event that final FY
2018 appropriations for the NACA Program change any of the requirements
of this NOFA. As of the date of this NOFA, the CDFI Fund is operating
under a continuing funding resolution as enacted by the Extension of
Continuing Appropriations Act, 2018 (Public Law 115-120) and
Supplemental Appropriations for Disaster Relief Requirements Act, 2017
(Pub. L.115-56).
3. Anticipated Start Date and Period of Performance: The CDFI Fund
anticipates the period of performance for the FY 2018 Funding Round
will begin in late September 2018. Specifically, the period of
performance for TA grants begins with the date of the notice of the
award and includes either (i) an Emerging or Certifiable CDFI
Recipient's three full consecutive fiscal years after the date of the
notice of the award or (ii) a Certified CDFI Recipient's two full
consecutive fiscal years after the date of the award announcement or
(iii) a Sponsoring Entity award Recipient's four full years after the
award announcement, during which the Recipient must meet the
performance goals set forth in the Assistance Agreement. The period of
performance for FA awards begins with the date of the award
announcement and includes a Recipient's three full consecutive fiscal
years after the date of the notice of the award, during which time the
Recipient must meet the performance goals set forth in the Assistance
Agreement.
B. Types of Awards: Through the NACA Program, the CDFI Fund
provides two types of awards: Financial Assistance (FA) and Technical
Assistance (TA) awards. An Applicant

[[Page 4731]]

may submit an Application for a TA grant or an FA award, but not both.
1. FA Awards: FA awards can be in the form of loans, grants, Equity
Investments, deposits and credit union shares. The form of the FA award
is based on the form of the matching funds that the Applicant includes
in its Application, unless Congress waives the matching funds
requirement. Matching funds are required for FA awards, must be from
non-Federal sources, and cannot have been used as matching funds for
any other Federal award. The CDFI Fund reserves the right, in its sole
discretion, to provide an FA award in an amount other than that which
the Applicant requests; however, the award amount will not exceed the
Applicant's award request as stated in its Application.
2. Persistent Poverty Counties--Financial Assistance (PPC-FA)
Awards: PPC-FA awards will be provided as a supplement to FA awards;
therefore, only those Applicants that are selected to receive an FA
award through the NACA Program FY 2018 Funding Round will be eligible
to receive a PPC-FA award. PPC-FA awards can be in the form of loans,
grants, Equity Investment, deposits and credit union shares. The form
of the PPC-FA award is based on the form of the matching funds that the
Applicant includes in its Application, unless Congress waives the
matching funds requirement. Matching funds are required for PPC-FA
awards, must be from non-Federal sources, and cannot have been used as
matching funds for any other Federal award. The CDFI Fund reserves the
right, in its sole discretion, to provide a PPC-FA award in an amount
other than that which the Applicant requests; however, the award amount
will not exceed the Applicant's award request as stated in its
Application.
The PPC-FA award is evaluated independently from the FA award and
will not affect the FA award evaluation or amount.
3. Disability Funds--Financial Assistance (DF-FA) Awards: DF-FA
awards will be provided as a supplement to FA awards; therefore, only
those Applicants that have been selected to receive an FA award through
the NACA Program FY 2018 Funding Round will be eligible to receive a
DF-FA award. DF-FA awards can be in the form of loans, grants, Equity
Investments, deposits and credit union shares. The form of the DF-FA
award is based on the form of the matching funds that the Applicant
includes in its Application, unless Congress waives the matching funds
requirement. Matching funds are required for DF-FA awards, must be from
non-Federal sources, and cannot have been used as matching funds for
any other Federal award. The CDFI Fund reserves the right, in its sole
discretion, to provide a DF-FA award in an amount other than that which
the Applicant requests; however, the award amount will not exceed the
Applicant's award request as stated in its Application. The DF-FA award
is evaluated independently from the FA award and will not affect the FA
award evaluation or amount.
4. Healthy Food Financing Initiative--Financial Assistance (HFFI-
FA) Awards: HFFI-FA awards will be provided as a supplement to FA
awards; therefore, only those Applicants that have been selected to
receive an FA award through the NACA Program FY 2018 Funding Round will
be eligible to receive an HFFI-FA award. HFFI-FA awards can be in the
form of loans, grants, Equity Investments, deposits and credit union
shares. The form of the HFFI-FA award is based on the form of the
matching funds that the Applicant includes in its Application, unless
Congress waives the matching funds requirement. Matching funds are
required for HFFI-FA awards, must be from non-Federal sources, and
cannot have been used as matching funds for any other Federal award.
The CDFI Fund reserves the right, in its sole discretion, to provide an
HFFI-FA award in an amount other than that which the Applicant
requests; however, the award amount will not exceed the Applicant's
award request as stated in its Application. The HFFI-FA award is
evaluated independently from the FA award and will not affect the FA
award evaluation or amount.
5. TA Grants: TA is provided in the form of grants. The CDFI Fund
reserves the right, in its sole discretion, to provide a TA grant in an
amount other than which the Applicant requests; however, the TA grant
amount will not exceed the Applicant's request as stated in its
Application.
C. Eligible Activities:
1. FA Awards: FA, PPC-FA, DF-FA, and HFFI-FA award funds can be
expended for activities serving Commercial Real Estate, Small Business,
Microenterprise, Community Facilities, Consumer Financial Products,
Consumer Financial Services, Commercial Financial Services, Affordable
Housing, Intermediary Lending to Non-Profits and CDFIs, and other lines
of business as deemed appropriate by the CDFI Fund in the following
five categories: (i) Financial Products; (ii) Financial Services; (iii)
Loan Loss Reserves; (iv) Development Services; and (v) Capital
Reserves. FA Recipients must meet Performance Goals, which will be
derived from projections and attestations provided by the Applicant in
its application, to achieve one or more of the following FA Objectives:
(i) Increase Volume of Financial Products or Financial Services in an
Eligible Market(s) or in the Applicant's approved Target Market; (ii)
Serve New Geographic Area or Areas; (iii) Provide New Financial
Products in an Eligible Market(s) or in the Applicant's approved Target
Market, New Financial Services in an Eligible Market(s) or in the
Applicant's approved Target Market, or New Development Services in an
Eligible Market(s) or in the Applicant's approved Target Market; and
(iv) Serve New Targeted Population or Populations. At the end of each
year of the period of performance, fifty (50) percent or more of the
Financial Products closed by NACA Recipients must be in Native
Communities. FA awards can only be used for Direct Costs associated
with an eligible activity; no indirect expenses are allowed. Up to 15
percent of the FA award can be used for Direct Administrative Expenses
associated with an eligible FA activity. ``Direct Administrative
Expenses'' shall mean Direct Costs, as described in section 2 CFR
200.413 of the Uniform Requirements, which are incurred by the
Recipient to carry out the Financial Assistance. Direct Costs incurred
to provide Development Services or Financial Services do not constitute
Direct Administrative Expenses. The Recipient must comply, as
applicable, with the Buy American Act of 1933, 41 U.S.C. 8301-8303,
with respect to any Direct Costs. For purposes of this NOFA, the five
eligible activity categories are defined as follows:

[[Page 4732]]

Table 3--FA, PPC-FA, DF-FA, and HFFI-FA Eligible Activity Categories
------------------------------------------------------------------------
FA eligible activity
definition--all FA
eligible activities Eligible CDFI
FA eligible activity must be in an eligible institution
market or the types
applicant's approved
target market
------------------------------------------------------------------------
i. Financial Products......... FA expended as loans, All.
Equity Investments
and similar financing
activities (as
determined by the
CDFI Fund) including
the purchase of loans
originated by
certified CDFIs and
the provision of loan
guarantees; in the
case of CDFI
Intermediaries,
Financial Products
may also include
loans to CDFIs and/or
emerging CDFIs and
deposits in Insured
Credit Union CDFIs,
emerging Insured
Credit Union CDFIs,
and/or State-Insured
Credit Union CDFIs.
For HFFI-FA, however,
the purchase of loans
originated by
certified CDFIs is
not an Eligible
Activity.
ii. Financial Services........ FA expended for Insured
providing checking, Depository
savings accounts, Institutions
check cashing, money and Depository
orders, certified Institution
checks, deposit Holding Company
taking, safe deposit only.
box services, and Not applicable
other similar for HFFI-FA
services. Recipients.
iii. Loan Loss Reserves....... FA set aside in the All.
form of cash
reserves, or through
accounting-based
accrual reserves, to
cover losses on
loans, accounts, and
notes receivable or
for related purposes
that the CDFI Fund
deems appropriate.
iv. Development Services...... FA expended for All.
activities undertaken
by a CDFI, its
Affiliate or
contractor that
promote community
development and shall
prepare or assist
current or potential
borrowers or
investees to use the
CDFI's Financial
Products or Financial
Services. For
example, such
activities include,
financial or credit
counseling;
homeownership
counseling; and
business planning and
management assistance.
v. Capital Reserves........... FA set aside as Insured
reserves to support Depository
the Applicant's Institutions
ability to leverage and Depository
other capital, for Institution
such purposes as Holding Company
increasing its net only.
assets or provide Not applicable
financing, or for for DF-FA.
related purposes as
the CDFI Fund deems
appropriate.
------------------------------------------------------------------------

Eligible Market is defined as (i) a geographic area meeting the
requirements set forth in 12 CFR 1805.201(b)(3)(ii), or (ii)
individuals that are Low-Income or are African American, Hispanic or
American Indian, Native Hawaiians residing in Hawaii, Native Alaskans
residing in Alaska, and Other Pacific Islanders residing in American
Samoa, Guam or the Northern Mariana Islands.
2. DF-FA Award: DF-FA award funds can only be expended for eligible
FA activities referenced in Table 3 to directly or indirectly benefit
individuals with disabilities. The DF-FA Recipient must close Financial
Products for the primary purpose of directly or indirectly benefiting
people with disabilities in an amount equal to or greater than 85
percent of the total DF-FA provided. Such financing activities have a
primary purpose of directly or indirectly benefiting individuals with
disabilities where the majority of the DF-FA supported loans or
investments benefit individuals with disabilities. Eligible DF-FA
financing activities may include, among other activities, loans to
develop or purchase affordable, accessible, and safe housing; loans to
provide or facilitate employment opportunities; and loans to purchase
assistive technology.
For the purposes of DF-FA, a person with a Disability is: A person
who has a physical or mental impairment that substantially limits one
or more major life activities, a person who has a history or record of
such an impairment, or a person who is perceived by others as having
such an impairment, as defined by the American Disabilities Act (ADA)
at https://www.ada.gov/cguide.htm.
3. TA Grants: TA grant funds can be expended for the following
seven eligible activity categories: (i) Compensation--personnel
services; (ii) Compensation--fringe benefits; (iii) Professional
Service Costs; (iv) Travel Costs; (v) Training and Education Costs;
(vi) Equipment and other capital expenditures; and (vii) Supplies. Each
of the eligible activity categories will not be authorized for indirect
costs or an associated indirect cost rate. The Recipient must comply,
as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301-8303,
with respect to any Direct Costs. For purposes of this NOFA, the seven
eligible activity categories are defined as follows:

Table 4--TA Eligible Activity Categories as Subject to the Applicable
Provisions of the Uniform Requirements
------------------------------------------------------------------------

------------------------------------------------------------------------
(i) Compensation--personnel TA paid to cover salaries of the
services. Applicant's personnel that are paid
currently or accrued by the
Applicant for work performed
directly related to carrying out
the purpose of the TA grant
(including activities related to
becoming certified as a CDFI).
Any work performed directly but
unrelated to the purposes of the TA
grant cannot be paid as
Compensation through a TA grant.
For example, the salaries for
building maintenance would not
carry out the purpose of a TA grant
and would be deemed unallowable.
(ii) Compensation--fringe benefits TA paid to cover costs of the
Applicant's personnel employment
(other than the employees'
salaries). The costs of fringe
benefits are allowable provided
that the benefits are reasonable
and are required by law, non-
Federal entity-employee agreement,
or an established policy of the non-
Federal entity and consistently
applied organizational policies.

[[Page 4733]]

(iii) Professional service costs.. TA used to pay for professional and
consultant services (e.g., such as
strategic and marketing plan
development), rendered by persons
who are members of a particular
profession or possess a special
skill (e.g., credit analysis,
portfolio management), and who are
not officers or employees of the
Recipient. Payment for a
consultant's services may not
exceed the current maximum of the
daily equivalent rate paid to an
Executive Schedule Level IV Federal
employee. Professional and
consultant services must build the
capacity of the CDFI. For example,
professional services that provide
direct development services to the
customers does not build the
capacity of the CDFI to provide
those services and would not be
eligible.
(iv) Travel costs................. TA used to pay expenses for
transportation, lodging,
subsistence, and related items
incurred by the Applicant's
personnel (does not include
consultants or board members) who
are on travel status on business
related to the TA grant. Any
payments for travel expenses
incurred by the Applicant's
personnel but unrelated to carrying
out the purpose of the TA grant
would be deemed unallowable. As
such, documentation must be
maintained that justifies the
travel as necessary to the TA
grant.
(v) Training and education costs.. TA used to pay the cost of training
and education provided for employee
development. TA can only be used to
pay for training costs incurred by
the Applicant's personnel (does not
include consultants or board
members).
(vi) Equipment.................... TA used to pay for tangible personal
property, having a useful life of
more than one year and a per-unit
acquisition cost of at least
$5,000. For example, items such as
office furnishings and information
technology systems are allowable as
Equipment costs. The Recipient must
comply, as applicable, with the Buy
American Act of 1933, 41 U.S.C.
8301-8303 with respect to the
purchase of Equipment.
(vii) Supplies.................... TA used to pay for tangible personal
property with a per unit
acquisition cost of less than
$5,000. For example, a desktop
computer costing $1,000 is
allowable as a Supply cost. The
Recipient must comply, as
applicable, with the Buy American
Act of 1933, 41 U.S.C. 8301-8303
with respect to the purchase of
Supplies.
(viii) Unallowable Costs.......... The following costs are unallowable
and cannot be paid for with a TA
grant (but not limited to per the
UAR):
Selling or marketing
products or services of the non-
federal entity that are not
directly related to building the
capacity of the CDFI;
Advertising media, including
printing of materials, the cost
of displays, demonstrations, and
exhibits that are not directly
related to building the capacity
of the CDFI;
Promotional items and
memorabilia;

Advertising and public
relations designed solely to
promote the non-Federal entity
that are not directly related
to building the capacity of
the CDFI;
Facilities acquisition/
development costs;
Fees, including fees
paid to brokers, promoters,
organizers, management
consultants, attorneys,
accountants, or investment
counselor;
Memberships in country
clubs or organizations whose
primary purpose is lobbying;
Audit costs for audits
either: (1) Required under the
Single Audit Act but have not
been conducted or have been
conducted but not in
accordance with the Single
Audit Act requirements; or (2)
for a non-Federal entity that
is exempted from having an
audit conducted in the Single
Audit act.
------------------------------------------------------------------------

4. HFFI-FA Award: HFFI-FA award funds can only be expended for
eligible FA activities referenced in Table 3. The HFFI-FA investments
must comply with the following guidelines:
a. Recipient must close Financial Products for Healthy Food Retail
Outlets and Healthy Food Non-Retail Outlets in its Target Market in an
amount equal to or greater than 100 percent of the total HFFI Financial
Assistance provided. Eligible financing activities to Healthy Food
Retail Outlets and Healthy Food Non-Retail Outlets require that the
majority of the loan or investment be devoted to offering a range of
Healthy Food choice, which may include, among other activities,
investments supporting an existing retail store or wholesale operation
upgrade to offer an expanded range of Healthy Food choices, or
supporting a nonprofit organization that expands the availability of
Healthy Foods in underserved areas.
b. Recipient must demonstrate that it has closed Financial Products
to Healthy Food Retail Outlets located in Food Deserts in the
Recipient's Target Market in an amount equal to 75 percent of the total
HFFI Financial Assistance provided.

Definitions

Healthy Foods. Healthy Foods include unprepared nutrient-dense
foods and beverages as set forth in the USDA Dietary Guidelines for
Americans 2015-2020 including whole fruits and vegetables, whole
grains, fat free or low-fat dairy foods, lean meats and poultry (fresh,
refrigerated, frozen or canned). Healthy Foods should have low or no
added sugars, and be low-sodium, reduced sodium, or no-salt-added. (See
USDA Dietary Guidelines: http://www.choosemyplate.gov/dietary-guidelines).
Healthy Food Retail Outlets. Commercial sellers of Healthy Foods
including, but not limited to, grocery stores, mobile food retailers,
farmers markets, retail cooperatives, corner stores, bodegas, stores
that sell other food and non-food items along with a range of Healthy
Foods, as those terms are determined and defined by the CDFI Fund in
the Assistance Agreement and related compliance materials.
Healthy Food Non-Retail Outlets. Wholesalers of Healthy Foods
including, but not limited to, wholesale food outlets, wholesale
cooperatives, or other non-retail food producers that supply for sale a
range of Healthy Food options; entities that produce or distribute
Healthy Foods for eventual retail sale, and entities that provide
consumer education regarding the consumption of Healthy Foods, as those
terms are determined and defined by the CDFI Fund in the Assistance
Agreement and related compliance materials.
Food Deserts. Distressed geographic areas where either a
substantial number

[[Page 4734]]

or share of residents has low access to a supermarket or large grocery
store. For the purpose of satisfying this requirement, a Food Desert
must either: (1) Be a census tract determined to be a Food Desert by
the U.S. Department of Agriculture (USDA), in its USDA Food Access
Research Atlas; (2) be a census tract adjacent to a census tract
determined to be a Food Desert by the USDA, in its USDA Food Access
Research Atlas; which has a median family income less than or equal to
120 percent of the applicable Area Median Family Income; or (3) be a
Geographic Unit as defined in 12 CFR part 1805.201(b)(3)(ii)(B), which
(i) individually meets at least one of the criteria in 12 CFR part
1805.201(b)(3)(ii)(D), and (ii) has been identified as having low
access to a supermarket or grocery store through a methodology that has
been adopted for use by another governmental or philanthropic healthy
food initiative.
5. PPC-FA Award: PPC-FA award funds can only be expended for
eligible FA activities referenced in Table 3. The PPC-FA Recipient must
close Financial Products to an Eligible Market or in the Applicant's
approved Target Market in a Persistent Poverty Counties (PPC) in an
amount equal to or greater than 100 percent of the total PPC Financial
Assistance provided.
The specific counties that meet the criteria for ``persistent
poverty'' can be found at: https://www.cdfifund.gov/Documents/Persistent%20Poverty%20Counties%20CDFI%20Fund%20July6-2017.xlsx.

III. Eligibility Information

A. Eligible Applicants: For the purposes of this NOFA, the
following tables set forth the eligibility criteria to be in contention
to receive an award from the CDFI Fund, along with certain definitions
of terms. There are four categories of Applicant eligibility criteria:
(1) CDFI certification criteria (Table 5); (2) requirements that apply
to all Applicants (Table 6); (3) requirements that apply to TA
Applicants (Table 7); and (4) requirements that apply to FA Applicants
(Table 8).

Table 5--CDFI Certification Criteria Definitions
------------------------------------------------------------------------

------------------------------------------------------------------------
Certified CDFI.................... An entity that the CDFI
Fund has officially notified that
it meets all CDFI certification
requirements.
Certifiable CDFI.................. An entity that has
submitted a CDFI certification
application to the CDFI Fund
demonstrating that it meets the
CDFI certification requirements but
which has not yet been officially
certified. (See Table 12 for
application submission deadlines.)
The CDFI Fund will not
enter into an Assistance Agreement
or make an FA award payment unless
and until an Applicant is a
Certified CDFI.
The CDFI Fund will enter
into an Assistance Agreement if the
Applicant is awarded a TA award
regardless of the Applicant's
certification status.
Emerging CDFI (TA Applicants)..... A non-Certified entity that
has not submitted a CDFI
certification application but
demonstrates to the CDFI Fund in
its Application that it has an
acceptable plan to meet CDFI
certification requirements by the
end of its period of performance,
or another date that the CDFI Fund
selects.
An Emerging CDFI that has
prior award(s) will be held to the
CDFI certification performance goal
and measure(s) stated in its prior
Assistance Agreement(s).
Emerging CDFIs may only
apply for TA grants; they are not
eligible to apply for FA awards.
Emerging CDFI selected to
receive a TA grant will be required
to become a Certified CDFI by a
date specified in the Assistance
Agreement.
Sponsoring Entity................. Sponsoring Entities include
any legal organization that
primarily serves Native Community
with ``primary'' meaning, at least
50 percent of its activities are
directed toward the Native
Community.
An eligible organization
that proposes to create a separate
legal organization that will become
a Certified CDFI serving Native
Communities.
Sponsoring Entities may
only apply for TA grants; they are
not eligible to apply for FA
awards.
Each Sponsoring Entity
selected to receive a TA grant will
be required to create and certify
an Emerging CDFI by the dates
specified in the Assistance
Agreement.
Definition of Native Other The CDFI Fund uses the following
Targeted Population as Target definitions, set forth in the
Market. Office of Management and Budget
(OMB) Notice, Revisions to the
Standards for the Classification of
Federal Data on Race and Ethnicity
(October 30, 1997), as amended and
supplemented:
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; and
Native Hawaiian (living in
Hawaii): A person having origins in
any of the original peoples of
Hawaii.
------------------------------------------------------------------------

Table 6--Eligibility Requirements for All Applicants
------------------------------------------------------------------------

------------------------------------------------------------------------
Applicant......................... Only the entity that will
carry out the proposed award
activities can apply for an award
(i.e., the intended Recipient,
other than Depository Institution
Holding Companies (see below) and
Sponsoring Entities). Recipients
cannot create a new legal entity to
carry out the proposed award
activities (except for Sponsoring
Entities).
The information in the
Application should only reflect the
activities of the Applicant,
including the presentation of
financial and portfolio
information. Do not include
financial or portfolio information
from parent companies, Affiliates,
or Subsidiaries in the Application
unless it relates to the provision
of Development Services.
An Applicant that applies
on behalf of another organization
will be rejected without further
consideration, other than
Depository Institution Holding
Companies (see below).
Application type and submission Applicants must submit the
overview through Grants.gov and required application documents
Awards Management Information listed in Table 10.
System (AMIS). The CDFI Fund will only
accept Applications that use the
official application templates
provided on the Grants.gov and AMIS
websites. Applications submitted
with alternative or altered
templates will not be considered.
Applicants have a two-step
process that requires the
submission of application documents
on two separate deadlines and
locations: (1) The SF-424 in
Grants.gov and (2) all other
required application materials in
AMIS.

[[Page 4735]]

Grants.gov and the SF-424:
[cir] Grants.gov: Applicants must
submit the Office of Management
and Budget (OMB) Standard Form
(SF) OMB SF-424, Application for
Federal Assistance.
[cir] All Applicants must
register in the Grants.gov
system to successfully submit an
application. The Grants.gov
registration process can take 30
days or more to complete. The
CDFI Fund strongly encourages
applicants to register as early
as possible.
[cir] The CDFI Fund will not
extend the SF-424 (or AMIS)
application deadline for any
Applicant that started the
Grants.gov registration process
on, before, or after the date of
the publication of this NOFA,
but did not complete it by the
deadline except in the case of a
Federal government
administrative or technological
error that directly resulted in
a late submission of the SF-424.
[cir] The SF-424 must be
submitted in Grants.gov on or
before March 2, 2018, the
deadline listed in Table 1 and
Table 12. Applicants are
strongly encouraged to submit
their SF-424 as early as
possible in the Grants.gov
portal.
[cir] The deadline for the
Grants.gov submission is before
the AMIS deadline.
[cir] The SF-424 must be
submitted under the NACA Program
Funding Opportunity Number.
[cir] If the SF-424 is not
accepted by Grants.gov by the
deadline, the CDFI Fund will not
review any material submitted in
AMIS and the application will be
deemed ineligible.
AMIS and all other required
application materials:
[cir] AMIS is an enterprise-wide
information technology system
that replaced the myCDFI Fund
portal. Applicants will use AMIS
to submit and store organization
and application information with
the CDFI Fund.
[cir] Applicants are only allowed
one NACA Program Application
submission in AMIS.
[cir] Each Application in AMIS
must be signed by an Authorized
Representative.
[cir] Applicants must ensure that
the Authorized Representative is
authorized to sign legal
documents on behalf of the
organization; consultants
working on behalf of the
organization cannot be
designated as Authorized
Representatives.
[cir] Only the Authorized
Representative or Application
Point of Contact, included in
the Application, can submit the
Application in AMIS.
[cir] All required application
materials must be submitted in
AMIS on or before the deadline
specified in Tables 1 and 12.
Employer Identification Number Applicants must have a
(EIN). unique EIN assigned by the Internal
Revenue Service (IRS).
The CDFI Fund will reject
an Application submitted with the
EIN of a parent or Affiliate
organization.
Dun & Bradstreet, (DUNS) number... Pursuant to OMB guidance
(68 FR 38402), an Applicant must
apply using its unique DUNS number
in Grants.gov.
The CDFI Fund will reject
an Application submitted with the
DUNS number of a parent or
Affiliate organization.
System for Award Management (SAM). SAM is a web-based,
government-wide application that
collects, validates, stores, and
disseminates business information
about the federal government's
trading partners in support of the
contract awards, grants, and
electronic payment processes.
Applicants must register in
SAM as part of the Grants.gov
registration process.
Applicants must have a DUNS
number and an EIN number in order
to register in SAM.
Applicants must be
registered in SAM before they can
submit an SF-424 in Grants.gov.
AMIS Accounts..................... Each Applicant must
register as an organization in AMIS
and submit all required application
materials through the AMIS portal.
The Application of any
organization that does not properly
register in AMIS by the deadline
set forth in Table 1-FY 2018 NACA
Program Funding Round Critical
Deadlines for Applicants will be
rejected without further
consideration.
The Authorized
Representative and/or Application
Point of Contact must be included
as ``users'' in the Applicant's
AMIS account.
An Applicant that fails to
properly register and update its
AMIS account may miss important
communication from the CDFI Fund or
not be able to successfully submit
an Application.
501(c)(4) status.................. Pursuant to 2 U.S.C. 1611,
any 501(c)(4) organization that
engages in lobbying activities is
not eligible for the receipt of a
CDFI or NACA Program award.
Compliance with Nondiscrimination An Applicant may not be
and Equal Opportunity Statutes, eligible to receive an award if
Regulations, and Executive Orders. proceedings have been instituted
against it in, by, or before any
court, governmental agency, or
administrative body, and a final
determination within the last three
years indicates the Applicant has
violated any of the following laws
but not limited to: Title VI of the
Civil Rights Act of 1964, as
amended (42 U.S.C.2000d); Section
504 of the Rehabilitation Act of
1973 (29 U.S.C. 794); the Age
Discrimination Act of 1975 (42
U.S.C. 6101-6107), and Executive
Order 13166, Improving Access to
Services for Persons with Limited
English Proficiency.
Depository Institution Holding In the case where a CDFI
Company Applicant. Depository Institution Holding
Company Applicant intends to carry
out the activities of an award
through its Subsidiary CDFI Insured
Depository Institution, the
Application must be submitted by
the CDFI Depository Institution
Holding Company and reflect the
activities and financial
performance of the Subsidiary CDFI
Insured Depository Institution.
Authorized representatives
of both the Depository Institution
Holding Company and the Subsidiary
CDFI Insured Depository Institution
must certify that the information
included in the Application
represents that of the Subsidiary
CDFI Insured Depository
Institution, and that the award
funds will be used to support the
Subsidiary CDFI Insured Depository
Institution for the eligible
activities outlined in the
Application.
Insured CDFI--Insured Credit Union To be eligible for an
and Insured Depository award, each Insured Depository
Institution. Institution Applicant must have a
CAMELS/CAMEL rating (rating for
banks and credit unions,
respectively), by its Federal
regulator of at least ``3''.
Organizations with CAMELS/
CAMEL ratings of ``4 or 5'' will
not be eligible for awards.
The CDFI Fund will also
evaluate materials concerns
identified by the Appropriate
Federal Banking Agency in
determining eligibility of Insured
Depository Institution Applicants.
Use of award...................... All awards made through
this NOFA must be used to support
the Applicant's activities in at
least one of the FA or TA Eligible
Activity Categories (see Section
II.C).

[[Page 4736]]

Awards cannot be used to
support the activities of, or
otherwise be passed through,
transferred, or co-awarded to,
third-party entities, whether
Affiliates, Subsidiaries, or others
without the CDFI Fund's prior
written consent (other than
Depository Institution Holding
Company Applicants).
The Recipient of any award
made through this NOFA must comply,
as applicable, with the Buy
American Act of 1933, 41 U.S.C.
8301-8303, with respect to any
Direct Costs.
Requested award amount............ An Applicant must state its
requested award amount in the
Application in AMIS. An Application
that does not include this amount
will not be allowed to submit an
Application.
Pending resolution of The CDFI Fund will consider
noncompliance. an Application submitted by an
Applicant that has pending
noncompliance issues of any of its
previously executed award
agreement(s), if the CDFI Fund has
not yet made a final compliance
determination.
Noncompliance status.............. The CDFI Fund will not
consider an Application submitted
by an Applicant that has a
previously executed award
agreement(s) if, as of the date of
the Application, (i) the CDFI Fund
has made a determination that such
entity is noncompliant with a
previously executed agreement and
(ii) the CDFI Fund has provided
written notification that such
entity is ineligible to apply for
or receive any future CDFI Fund
awards or allocations. Such
entities will be ineligible to
submit an Application for such time
period as specified by the CDFI
Fund in writing.
The CDFI Fund will not
consider any Applicant that has
defaulted on a NACA Program loan
within five years of the
Application deadline.
------------------------------------------------------------------------

Table 7--Eligibility Requirements for TA Applicants
------------------------------------------------------------------------

------------------------------------------------------------------------
CDFI certification status......... Certified, Certifiable, Emerging
CDFIs, or Sponsoring Entities (see
definitions in Table 5).
Matching funds.................... Matching funds
documentation is not required for
TA awards.
Limitation on Awards.............. An Emerging CDFI serving
Native Communities will be allowed
to receive no more than three TA
awards as an uncertified CDFI.
A Sponsoring Entity is only
eligible to apply for an award if
(i) it does not have an active
prior award or (ii) the
certification goal in its active
award's Assistance Agreement has
been satisfied and it proposes to
create another CDFI that will serve
one or more Native Communities.
Proposed Activities............... Applicants must propose to
directly undertake eligible
activities with TA awards. For
example, an uncertified CDFI
Applicant must propose to become
certified as part of its
application and a Certified CDFI
Applicant must propose activities
that build its capacity to serve
its Target Market or an Eligible
Market.
With the exception of
Sponsoring Entities, Applicants may
not propose to use a TA award to
create a separate legal entity to
become a certified CDFI or
otherwise carryout the TA award
activities.
Target Market..................... TA Applicants must
demonstrate that the Certified,
Certifiable, Emerging CDFI, or the
CDFI to be created by the
Sponsoring Entity will primarily
serve one or more Native Community
as its Target Market.
------------------------------------------------------------------------

Table 8--Eligibility Requirements for FA Applicants
------------------------------------------------------------------------

------------------------------------------------------------------------
CDFI certification status......... Each FA Applicant must be a
Certified CDFI prior to the
announcement of award decisions.
The CDFI Fund will consider
an Application submitted by an
Applicant that has pending
noncompliance issues with its
Annual Certification Report, if the
CDFI Fund has not yet made a final
compliance determination.
Activities in Native Communities.. For consideration under
this NOFA, each FA Applicant must:
[cir] Demonstrate that at least
50 percent of its past
activities were in one or more
Native Communities; and
[cir] describe how it will target
its lending/investing activities
to one or more Native
Communities.
Target Market..................... For consideration under
this NOFA, an FA Applicant's
certification Target Market must
have one or more of the following
characteristics:
[cir] For qualifying with an
investment area Target Market,
the Applicant must demonstrate
that the investment area
approved for certification is
also a geographic area of
Federally-designated
reservations, Hawaiian
homelands, Alaska Native
Villages and U.S. Census Bureau
designated Tribal Statistical
Areas; and/or
[cir] For qualifying with an
Other Targeted Population (OTP)
Target Market, the applicant's
Target Market approved for
certification must be an OTP of
Native Americans or American
Indians, including Alaska
Natives living in Alaska and
Native Hawaiians living in
Hawaii.
Any FA Applicant whose
certification Target Market does
not meet either of the conditions
above will not be eligible for an
FA award under this NOFA.
Community collaboration........... All FA Applicants must
demonstrate strong community
collaboration with Native
Communities.
Matching funds documentation...... All Applicants must submit
acceptable documentation attesting
that they have received or will
receive matching funds. Applicants
that do not submit the Matching
Funds Excel Workbook documenting
the source of their matching funds
will not be evaluated.
Awards will be limited to
no more than two times the amount
of In-Hand or Committed matching
funds documentation provided at the
time of Application.
Awards will be obligated in
like form to the matching funds
provided at time of Application.
See Table 9. Matching Funds
``Determination of Award Form'' for
additional guidance.
Award payments from the
CDFI Fund will require eligible
dollar-for-dollar In-Hand matching
funds for the total payment amount.
Recipients will not receive a
payment until 100 percent of their
matching funds are In-Hand.
The CDFI Fund will reduce
and de-obligate the remaining
balance of any Award that does not
demonstrate full dollar-for-dollar
matching funds equal to the
announced award amount by the end
of the Matching Funds Window.

[[Page 4737]]

$5 Million funding cap............ The CDFI Fund is prohibited
from obligating more than $5
million in CDFI and NACA Program
awards, in the aggregate, to any
one organization and its
Subsidiaries and Affiliates during
any three-year period.
For purposes of this NOFA
and subject to final FY 2018
appropriations language, the CDFI
Fund will include CDFI and NACA
Program final awards in the cap
calculation that were provided to
an Applicant (and/or its
Subsidiaries or Affiliates) under
the FY 2016 and 2017 funding
rounds, as well as the requested FY
2018 award, excluding DF-FA and
HFFI-FA awards. The CDFI Fund will
make the FY 2018 funding round
award announcements after September
10, 2018.
FA Applicants with Community A NACA Applicant can apply
Partners. for assistance jointly with a
Community Partner. The NACA
Applicant would complete the NACA
Program Application for (FA) and
would address the Community
Partnership in its business plan
and other sections of the
Application as specified in the
guidance materials.
The NACA Applicant must be
either a Certified or Certifiable
CDFI as defined in Table 5.
An Application with a
Community Partner must:
[cir] Describe how the NACA
Applicant and Community Partner
will each participate in
carrying out the partnership and
how the partnership will enhance
activities serving the
investment area or targeted
population.
[cir] Demonstrate that the
Community Partnership activities
are consistent with the
strategic plan submitted by the
NACA Applicant.
Assistance provided upon
approval of an Application with a
Community Partner shall only be
entrusted to the NACA Applicant and
shall not be used to fund any
activity carried out directly by
the Community Partner or an
Affiliate or Subsidiary thereof.
PPC-FA............................ All PPC-FA Applicants must:
[cir] Submit a CDFI or NACA
Program FA Application;
[cir] Meet all NACA FA award
eligibility requirements; and
[cir] Provide a PPC-FA award
request amount in AMIS.
DF-FA............................. All DF-FA Applicants must:
[cir] Submit a CDFI or NACA
Program FA Application;
[cir] Meet all NACA FA award
eligibility requirements;
[cir] Submit the DF-FA
Application; and
[cir] Provide a DF-FA award
request amount in AMIS.
HFFI-FA........................... All HFFI-FA Applicants
must:
[cir] Submit a CDFI or NACA
Program FA Application;
[cir] Meet all NACA FA award
eligibility requirements;
[cir] Submit the HFFI-FA
Application; and
[cir] Provide a HFFI-FA award
request amount in AMIS.
------------------------------------------------------------------------

B. Matching Funds Requirements: In order to receive an FA award, an
Applicant must provide evidence of eligible dollar-for-dollar matching
funds and attest that it can provide acceptable documentation upon the
CDFI Fund's request. An Applicant that uses Retained Earnings or Equity
Investments must provide documentation of eligible dollar-for-dollar
matching funds at the time of application submission. The CDFI Fund
will review matching funds information, attestations, and matching
funds documentation, if applicable, prior to award payment and will pay
funds based upon eligible In-Hand matching funds (see Table 9 for the
definition of In-Hand). The CDFI Fund encourages Applicants to review
the Regulations at 12 CFR 1805.500, the Uniform Requirements, and the
matching funds guidance materials available on the CDFI Fund's website.
Table 9 provides a summary of the matching funds requirements;
additional details are set forth in the Application materials.

Table 9--Matching Funds Requirements
------------------------------------------------------------------------

------------------------------------------------------------------------
In-Hand matching funds definition. Matching funds are In-Hand
when the Applicant receives payment
for the matching funds from the
matching funds source and has
acceptable documentation that can
be provided to the CDFI Fund upon
request. Acceptable In-Hand
documentation must show the source,
form (e.g., grant, loan, deposit,
and Equity Investment), amount
received, and the date the funds
came into physical possession of
the Applicant.
The following
documentation, depending on the
matching funds type, must be
available to be provided to the
CDFI Fund upon request:
Loan--the loan agreement
and/or promissory note;
grant--the grant letter
or agreement;
equity investment--the
stock certificate, documentation
of total equity outstanding, and
shareholder agreement;
retained earnings--
Retained Earnings Calculator and
audited financial statements or
call reports from regulating
entity for each fiscal year
reported in Retained Earnings
Calculator;
third party in-kind
contribution- evidence of
receipt of contribution and
valuation;
deposits--certificates
of deposit agreement;
secondary capital--
secondary capital agreement and
disclosure and acknowledgement
statement;
AND
clearly legible
documentation that demonstrates
actual receipt of the matching
funds including the date of the
transaction and the amount, such
as a copy of a check or a wire
transfer statement.
Applicants must provide
information on their In-Hand
matching funds in the Matching
Funds Breakout Table Excel Workbook
(refer to Table 10--Required
Application Documents) which must
be submitted at the time of
Application.

[[Page 4738]]

Although Applicants are not
required to provide further
documentation for In-Hand matching
funds at the time of Application
submission, other than for Retained
Earnings and Equity Investments,
they must be able to provide
documentation to the CDFI Fund upon
request.
Matching funds requirements by The following Applicants must
application type. provide evidence of acceptable
matching funds:
NACA FA Applicants applying
for FA, PPC-FA, and DF-FA
(upon request) *; and
HFFI-FA Applicants (upon
request).*
TA Applicants are not required to
provide matching funds.
* The matching funds requirement for
HFFI-FA and NACA FA applicants was
waived in the appropriations bill
for FY 2017 and the final FY 2018
appropriations are still pending.
HFFI-FA and NACA FA applicants are
not required to submit matching
funds for their award requests at
the time of application. However,
the CDFI Fund reserves the right to
request matching funds from HFFI-FA
and NACA FA applicants if matching
funds are not waived in the final
FY 2018 NACA Program appropriation.
Amount of required match.......... Applicants must provide evidence of
eligible, In-Hand, dollar-for-
dollar, non-Federal matching funds
for every FA award dollar to be
paid by the CDFI Fund. If awarded,
Applicants that do not demonstrate
100 percent In-Hand matching funds
at the time of Application may
experience a longer payment
timeline.
Determination of award form....... FA awards will be made in comparable
form and value to the eligible In-
Hand and/or Committed matching
funds documentation submitted by
the Applicant.
For example, if an FA
Applicant provides documentation of
eligible loan matching funds for
$200,000 and eligible grant
matching funds of $400,000, the
CDFI Fund will obligate $200,000 of
the FA award as a loan and $400,000
as a grant.
After awards have been
announced, Recipients may request
the CDFI Fund's permission to
change the form of their award from
loan to grant (by producing
eligible grant matching funds), but
will only be eligible to receive a
grant equal to the federal credit
subsidy amount associated with the
original loan. Applicants will also
experience delays in payments if
requested form of award changes are
approved by the CDFI Fund.
Matching Funds Window definition.. The Applicant must receive
eligible In-Hand matching funds
between January 1, 2016 and January
15, 2019.
A Recipient must provide
the CDFI Fund with all
documentation demonstrating the
receipt of In-Hand matching funds
by January 31, 2019.
Matching funds and form of award.. Recipients will be approved
for a maximum award size of two
times the total amount of eligible
In-Hand and/or Committed matching
funds included in the Application,
so long as they do not exceed the
maximum award amount.
The form of the matching
funds documented in the Application
determines the form of the award.
Committed matching funds Matching funds are
definition. Committed when the Applicant has
entered into or received a legally
binding commitment from the
matching funds source showing the
matching funds will be disbursed to
the Applicant at a future date.
The Applicant must be able
to provide the CDFI Fund, upon
request, acceptable written
documentation showing the source,
form, and amount of the Committed
matching funds (including, in the
case of a loan, the terms thereof),
as well as the anticipated payment
date of the Committed funds.
The Applicant must provide
information on their Committed
matching funds in the Matching
Funds Breakout Table Excel Workbook
(refer to Table 10--Required
Application Documents) which must
be submitted at the time of
Application.
Although the Applicant is
not required to provide further
documentation for Committed
matching funds at the time of
Application submission, other than
for Retained Earnings, they must be
able to provide documentation to
the CDFI Fund upon request.
Limitations on matching funds..... Matching funds must be from
non-Federal sources.
Applicants cannot proffer
matching funds that were accepted
as matching funds for a prior FA
award under the NACA Program, NACA
Program, or under another Federal
grant or award program.
Matching funds must comply
with Regulations at 12 CFR 1805.500
et seq.
Matching funds must be
attributable to at least one of the
five eligible FA activities (see
Section II.C).
Rights of the CDFI Fund........... The CDFI Fund reserves the
right to contact the matching funds
source to discuss the matching
funds and the documentation that
the Applicant provided if required
or requested.
The CDFI Fund may grant an
extension of the Matching Funds
Window (defined in Table 9), on a
case-by-case basis, if the CDFI
Fund deems it appropriate.
The CDFI Fund reserves the
right to rescind all or a portion
of an FA award and re-allocate the
rescinded award amount to other
qualified Applicant(s), if a
Recipient fails to provide evidence
of In-Hand Matching Funds totaling
its award amount obtained during
the Matching Funds Window.
Matching funds in the form of Third party in-kind
third-party in-kind contributions. contributions are non-cash
contributions (i.e., property or
services) provided by non-Federal
third parties to the Applicant.
Third party in-kind
contributions will be considered to
be in the form of a grant for
matching funds purposes.
Third party in-kind
contributions may be in the form of
real property, equipment, supplies,
and other expendable property, and
the value of goods and services
directly benefiting the eligible
activities.
For third party in-kind
contributions, the fair market
value of goods and services must be
documented as the grant match.
Applicants will be
responsible for documenting the
value of all in-kind contributions
as described in the Uniform
Requirements.
Matching funds in the form of a An FA award made in the
loan. form of a loan will have the
following standardized terms:
i. A 13-year term with semi-annual
interest-only payments due in years
1 through 10, and fully amortizing
payments due each year in years 11
through 13; and
ii. A fixed interest rate of 2.24
percent, which was calculated by
the CDFI Fund based on the U.S.
Department of the Treasury's 10-
year Treasury note.
The Applicant's matching
funds loan(s) must:

[[Page 4739]]

i. Have a minimum of a 3-year
term (loans presented as
matching funds with less than a
3-year term will not qualify as
eligible match); and
ii. be from a non-Federal source.
Severe Constraints Waiver......... In the case of an Applicant
demonstrating severe constraints on
available sources of matching
funds, the CDFI Fund, in its sole
discretion, may permit such
Applicant to comply with the
matching funds requirements by
reducing such requirements by up to
50 percent.
In order to be considered
eligible for a Severe Constraints
Waiver, an Applicant must meet all
of the NACA FA eligibility criteria
described in Table 8. Instructions
for requesting a Severe Constraints
Waiver will be made available if
required.
No more than 25 percent of
the total funds available for
obligation under this funding round
may be matched under the Severe
Constraints Waiver.
Ineligible matching funds......... If the CDFI Fund determines
that any portion of the Applicant's
matching funds is ineligible, the
CDFI Fund will permit the Applicant
to offer documentation of
alternative matching funds as a
substitute for the ineligible
matching funds.
In such instances:
i. The Applicant must provide
acceptable evidence of the
alternative matching funds
within the period of time
specified by the CDFI Fund, and
ii. the alternative matching
funds will not increase the
total amount of FA requested.
Use of matching funds from a prior If an Applicant offers matching
CDFI Program Recipient. funds documentation from an
organization that was a prior
Recipient under the CDFI Program or
NACA Program, the Applicant must be
able to prove to the CDFI Fund's
satisfaction that such funds do not
consist, in whole or in part, of
CDFI Program funds, NACA Program
funds, or other Federal funds.
Matching funds in the form of Retained earnings are
retained earnings. eligible for use as matching funds
when the CDFI Fund calculates an
amount equal to:
i. The increase in retained
earnings that occurred over any
one of the Applicant's fiscal
years within the Matching Funds
Window, adjusted to remove
revenue and expenses derived
from Federal sources and
matching funds used for an
award; or
ii. the annual average of such
increases that occurred over any
three consecutive fiscal years
of the Applicant with at least
one of the fiscal years
occurring within the Matching
Funds Window, adjusted to remove
revenue and expenses derived
from Federal sources and
matching funds used for an
award; or
iii. any combination of (i) and
(ii) above that does not include
matching funds used for an
award.
Retained earnings will be
matched with an FA award in the
form of a grant.
Depository Institution
Holding Company Applicants must
provide call reports for the
Depository Institution Holding
Company in order to verify their
retained earnings, even if the
requested FA award will support its
subsidiary bank.
Special rule for Insured Credit An Insured Credit Union's
Unions and Insured Depository and Insured Depository
Institutions. Institution's retained earnings are
eligible for use as matching funds
when the CDFI Fund calculates an
amount equal to:
i. The increase in retained earnings
that occurred over any one of the
Applicant's fiscal years within the
Matching Funds Window, adjusted to
remove revenue from Federal sources
and matching funds used for an
award; or
ii. the annual average of such
increases that occurred over any
three consecutive fiscal years
of the Applicant with at least
one of the fiscal years
occurring within the Matching
Funds Window, adjusted to remove
revenue and expenses derived
from Federal sources and
matching funds used for an
award; or
iii. the entire retained earnings
that have been accumulated since
the inception of the Applicant,
as provided in the Regulations.
If option (iii) is used for
Insured Credit Unions, the
Applicant must increase its member
and/or non-member shares and/or
total loans outstanding by an
amount equal to the amount of
retained earnings committed as
matching funds.
This increase will be
measured on a quarterly basis
from March 31, 2018; must occur
by the end of Year 1 of the
Recipient's Performance Period,
as set forth in its Assistance
Agreement; and will be based on
amounts reported in the
Applicant's National Credit
Union Administration (NCUA) form
5300 Call Report.
The CDFI Fund will
assess the likelihood of this
increase during the Application
review process.
An award will not be
made to any Applicant that has
not demonstrated in the relevant
NCUA form 5300 Call Reports that
it has increased shares and/or
total loans outstanding by at
least 25 percent of the
requested FA award amount
between December 31, 2016, and
December 31, 2017.
The matching funds are
not In-Hand until the Recipient
has increased its member and/or
non-member shares, deposits and/
or total loans outstanding by
the amount of retained earnings
since inception used as matching
funds within the time period
specified.
If option (iii) is used for
Insured Depository Institutions or
Depository Institution Holding
Companies, the Applicant or its
Subsidiary Insured Depository
Institution (in the case of a
Depository Institution Holding
Company) must increase deposits and/
or total loans outstanding by an
amount equal to the amount of
retained earnings committed as
matching funds. Depository
Institution Holding Company
Applicants must use the call
reports of the CDFI Subsidiary
Insured Depository Institution that
the requested FA award will
support.
This increase will be
measured on a quarterly basis
from March 31, 2018; must occur
by the end of Year 1 of the
Recipient's Performance Period,
as set forth in its Assistance
Agreement; and will be based on
amounts reported in the Bank
Call Report.
The CDFI Fund will
assess the likelihood of this
increase during the Application
review process.
An award will not be
made to any Applicant that has
not demonstrated in the relevant
call reports that it has
increased deposits and/or total
loans outstanding by at least 25
percent of the requested FA
award amount between December
31, 2016, and December 31, 2017.

[[Page 4740]]

The matching funds are
not In-Hand until the Recipient
has increased its deposits and/
or total loans outstanding by
the amount of retained earnings
since inception used as matching
funds within the time period
specified.
All regulated Applicants
utilizing the part (iii) Since
Inception rule should refer to the
Retained Earnings Guidance included
in the Matching Funds Breakout
Table Excel Workbook found on the
CDFI Fund's website.
------------------------------------------------------------------------

IV. Application and Submission Information

A. Address To Request an Application Package: Application materials
can be found on the CDFI Fund's website at www.cdfifund.gov/native.
Applicants may request a paper version of any Application material by
contacting the CDFI Fund Help Desk at [email protected].
B. Content and Form of Application Submission: All Applications
must be prepared using the English language, and calculations must be
made in U.S. dollars. The following table lists the required
Application documents for the FY 2018 Funding Round. The CDFI Fund
reserves the right to request and review other pertinent or public
information that has not been specifically requested in this NOFA or
the Application. Information submitted by the Applicant that the CDFI
Fund has not specifically requested will not be reviewed or considered
as part of the Application. Information submitted must accurately
reflect the Applicant's activities. Financial data, portfolio, and
activity information provided in the Application should only include
the Applicant's activities.

Table 10--Required Application Documents
------------------------------------------------------------------------
Submission
Application documents Applicant type format
------------------------------------------------------------------------
Active AMIS Account........... All Applicants........ AMIS.
SF-424........................ All Applicants........ Fillable PDF in
Grants.gov.
NACA Program Application All Applicants........ AMIS.
Components:.
Funding
Application Detail.
Data, Charts, and
Narrative sections as
listed in AMIS and
outlined in Application
materials.
DF-FA Application Components:. DF-FA Applicants...... AMIS.
Requested --Must submit
Disability Funds-- narrative document
Financial Assistance to FA Application
Amount Narratives *. in AMIS.
* DF-FA Narrative will be
provided after FA
Application submission if
DF-FA funding request is
specified in AMIS.
HFFI-FA Application HFFI-FA Applicants.... AMIS.
Components:.
Funding --Must create new
Application Detail. funding
application.
Narratives.......
------------------------------------------------------------------------
ATTACHMENTS TO THE APPLICATION:
Add to ``Related Attachments'' related list in application
------------------------------------------------------------------------
Key Staff Resumes............. All Applicants........ PDF or Word
document in
AMIS.
Organizational Chart.......... All Applicants........ PDF in AMIS.
Audited Financial Statements FA Applicants: Loan PDF in AMIS.
For the Applicant's Three funds, venture
Most Recent Historic Fiscal capital funds, and
Years. other non-Insured
Depository
Institutions.
Management Letters for the FA Applicants: Loan PDF in AMIS.
Applicant's Most Recent funds, venture
Historic Fiscal Year. capital funds, and
other non-Insured
Depository
Institutions, TA
Applicants: If
available.

[[Page 4741]]

The Management Letter is
prepared by the Applicant's
auditor and is a
communication on internal
control over financial
reporting, compliance, and
other matters. The Management
Letter contains the auditor's
findings regarding the
Applicant's accounting
policies and procedures,
internal controls, and
operating policies, including
any material weaknesses,
significant deficiencies, and
other matters identified
during auditing. The
Management Letter may include
suggestions for improving on
identified weaknesses and
deficiencies and/or best
practice suggestions for
items that may not be
considered to be weaknesses
or deficiencies. The
Management Letter may also
include items that are not
required to be disclosed in
the annual Audited Financial
Statements. The Management
Letter is distinct from the
auditor's Opinion Letter,
which is required by
Generally Accepted Accounting
Principles (GAAP). Management
Letters are not required by
GAAP, and are sometimes
provided by the auditor as a
separate letter from the
Audit itself.
Statement(s) in Lieu of FA Applicants: Loan PDF in AMIS.
Management Letter for funds and other non-
Applicant's Most Recent Insured Depository
Historic Fiscal Year Issued Institutions, TA
from Board Treasurer or other Applicants: If
Board member using template available.
provided in application
materials.
(required only if Management
Letters are not available for
Audited Financial Statements).
Unaudited Financial Statements TA Applicants: Loan PDF in AMIS.
for Applicant's Three Most funds, venture
Recent Historic Years (if capital funds, and
Audited Financial Statements other non-Insured
are not available). Depository
Institutions.
Current Year to Date--December FA and TA Applicants: PDF in AMIS.
31, 2017 Unaudited Financial Loan funds, venture
Statements. capital funds, and
other non-Insured
Depository
Institutions.
Community Partnership FA Applicants, if PDF or Word
Agreement. applicable. document in
AMIS.
Matching Funds Breakout Table CDFI Program FA Core Excel in AMIS.
Excel Workbook. Applicants (the CDFI
Fund reserves the
right to request
matching funds from
HFFI-FA and NACA FA
applicants if
matching funds are
not waived in the
final FY 2018 NACA
Program
appropriation).
Call Reports for each fiscal CDFI Program FA Core PDF in AMIS.
year reported in the Retained Applicants: Insured
Earnings Calculator. Depository
Institutions that are
using Retained
Earnings as matching
funds only (the CDFI
Fund reserves the
right to request this
information from HFFI-
FA and NACA FA
applicants if
matching funds are
not waived in the
final FY 2018 NACA
Program
appropriation).
Equity Investment Matching CDFI Program FA Core PDF or Word
Funds Documentation. Applicants: For- document in
profit CDFIs that are AMIS.
using an Equity
Investment(s) as
matching funds only
(the CDFI Fund
reserves the right to
request this
information from HFFI-
FA and NACA FA
applicants if
matching funds are
not waived in the
final FY 2018 NACA
Program
appropriation).
------------------------------------------------------------------------

C. Application Submission: The CDFI Fund has a two-step process
that requires the submission of application documents on separate
deadlines and locations. The SF-424 must be submitted through
Grants.gov and all other application documents through the AMIS portal.
The CDFI Fund will not accept Applications via email, mail, facsimile,
or other forms of communication, except in extremely rare circumstances
that have been pre-approved by the CDFI Fund. Applicants are only
required to submit the OMB SF-424, Application for Federal Assistance
form in Grants.gov. All other application information (listed in Table
10) will be submitted through AMIS. The deadline for submitting the SF-
424 is listed in Tables 1 and 11.
All Applicants must register in the Grants.gov system to
successfully submit the SF-424. The Grants.gov registration process can
take 30 days or longer to complete and the CDFI Fund strongly
encourages Applicants to start the Grants.gov registration process as
soon as possible (refer to the following link: http://www.grants.gov/web/grants/register.html). Since the Grants.gov registration process
requires Applicants to have DUNS and EIN numbers, Applicants without
these required numbers should allow for additional time to complete the
Grants.gov registration process. The CDFI Fund will not extend the
application deadline to any Applicant that started the Grants.gov
registration process but did not complete it by the deadline. An
Applicant that has previously registered with Grants.gov must verify
that its registration is current and active. Applicants should contact
Grants.gov directly with questions related to the registration or
submission process as the CDFI Fund does not maintain the Grants.gov
system. Each Application

[[Page 4742]]

must be signed by a designated Authorized Representative in AMIS before
it can be submitted. Applicants must ensure that an Authorized
Representative is authorized to sign legal documents on behalf of the
organization. Consultants working on behalf of the organization cannot
be designated as Authorized Representatives. Only a designated
Authorized Representative or Application Point of Contact, included in
the Application, may submit the Application in AMIS. If an Authorized
Representative or Application Point of Contact does not submit the
application, the application will be deemed ineligible.
D. Dun & Bradstreet Universal Numbering System (DUNS): Pursuant to
the Uniform Requirements, each Applicant must provide as part of its
Application submission, a Dun and Bradstreet Universal Numbering System
(DUNS) number. Applicants without a DUNS number will not be able to
register and submit an Application in the Grants.gov system. Allow
sufficient time for Dun & Bradstreet to respond to inquiries and/or
requests for DUNS numbers.
E. System for Award Management (SAM): Any entity applying for
Federal grants or other forms of Federal financial assistance through
Grants.gov must be registered in SAM before submitting its Application.
Registration in SAM is required as part of the Grants.gov registration
process. The SAM registration process can take two weeks or longer to
complete. Applicants without DUNS and/or EIN numbers should allow for
additional time as an Applicant cannot register in SAM without those
required numbers. Applicants that have previously completed the SAM
registration process must verify that their SAM accounts are current
and active. Each Applicant must continue to maintain an active SAM
registration with current information at all times during which it has
an active Federal award or an Application under consideration by a
Federal awarding agency. The CDFI Fund will not consider any Applicant
that fails to properly register or activate its SAM account and, as a
result, is unable to submit the SF-424 in Grants.gov or Application in
AMIS by the applicable Application deadlines. These restrictions also
apply to organizations that have not yet received a DUNS or EIN number.
Applicants must contact SAM directly with questions related to
registration or SAM account changes as the CDFI Fund does not maintain
this system and has no ability to make changes or correct errors of any
kind. For more information about SAM, visit https://www.sam.gov.

Table 11_Grants.gov Registration Timeline Summary
----------------------------------------------------------------------------------------------------------------
Step Agency Estimated minimum time to complete
----------------------------------------------------------------------------------------------------------------
Obtain a DUNS number..................... Dun & Bradstreet............ One (1) Week .*
Obtain an EIN Number..................... Internal Revenue Service Two (2) Weeks .*
(IRS).
Register in SAM.gov...................... System for Award Management Two (2) Weeks .*
(SAM.gov).
Register in Grants.gov................... Grants.gov.................. One (1) Week .* *
----------------------------------------------------------------------------------------------------------------
* Applicants are advised that the stated durations are estimates only and represent minimum timeframes. Actual
timeframes may take longer. The CDFI Fund will not consider any Applicant that fails to properly register or
activate its SAM account, has not yet received a DUNS or EIN number, and/or fails to properly register in
Grants.gov.
* * This estimate assumes an Applicant has a DUNS number, an EIN number, and is already registered in SAM.gov.

F. Submission Dates and Times:
1. Submission Deadlines: The following table provides the critical
deadlines for the FY 2018 Funding Round.

Table 12--FY 2018 Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
Description Deadline Time (ET) Submission method
----------------------------------------------------------------------------------------------------------------
Last day to contact Certification, February 28, 2018..... 11:59 p.m............. Service Request via AMIS.
Compliance Monitoring and
Evaluation (CCME) staff regarding
CDFI Certification.
CDFI certification applications.... March 2, 2018......... 11:59 p.m............. Electronically via AMIS
Create AMIS Account (New March 2, 2018......... ...................... AMIS.
Applicants).
SF424 (Application for Federal March 2, 2018......... 11:59 p.m............. Electronically via
Assistance). Grants.gov.
Last day to contact NACA Program April 2, 2018......... 5:00 p.m.............. Service Request via AMIS
staff. Or CDFI Fund Helpdesk: 202-
653-0421.
NACA Program Application for FA or April 4, 2018......... 11:59 p.m............. Electronically via AMIS.
TA.
----------------------------------------------------------------------------------------------------------------

2. Confirmation of Application Submission in Grants.gov and AMIS:
Applicants are required to submit the OMB SF-424, Application for
Federal Assistance through the Grants.gov system, under the NACA
Program Funding Opportunity Number. All other required application
materials must be submitted through the AMIS website. Application
materials submitted through both systems are due by the applicable
deadlines. Applicants must submit the SF-424 on an earlier deadline
from the other required application materials in AMIS. If the SF-424 is
not successfully accepted by Grants.gov by the deadline, the CDFI Fund
will not review any of the material submitted in AMIS, and the
Application will be deemed ineligible.
a. Grants.gov Submission Information: Each Applicant will receive
an email from Grants.gov immediately after submitting the SF-424
confirming that the submission has entered the Grants.gov system. This
email will contain a tracking number for the submitted SF-424. Within
48 hours, the Applicant will receive a second email, which will
indicate if the submitted SF-424 was either successfully validated or
rejected with errors. However, Applicants should not rely on the email
notification from Grants.gov to confirm that their SF-424 was
validated. Applicants are strongly

[[Page 4743]]

encouraged to use the tracking number provided in the first email to
closely monitor the status of their SF-424 by contacting the helpdesk
at Grants.gov directly. The Application material submitted in AMIS is
not officially accepted by the CDFI Fund until Grants.gov has validated
the SF-424.
b. AMIS Submission Information: AMIS is a web-based portal where
Applicants will directly enter their application information and add
the required attachments listed in Table 10. AMIS will verify that the
Applicant provided the minimum information required to submit an
Application. Applicants are responsible for the quality and accuracy of
the information and attachments included in the Application submitted
in AMIS. The CDFI Fund strongly encourages the Applicant to allow
sufficient time to confirm the Application content, review the material
submitted, and remedy any issues prior to the Application deadline.
Each Application must be signed by an Authorized Representative in AMIS
before it can be submitted. Applicants must ensure that an Authorized
Representative is authorized to sign legal documents on behalf of the
organization. Consultants working on behalf of the organization may not
be designated as Authorized Representatives. Only an Authorized
Representative or an Application Point of Contact can submit the
Application. If an Authorized Representative or Application Point of
Contact does not submit the application, the application will be deemed
ineligible. Applicants can only submit one Application. Upon
submission, the Application will be locked and cannot be resubmitted,
edited, or modified in any way. The CDFI Fund will not unlock or allow
multiple Application submissions.
3. Late Submission: The CDFI Fund will not accept an Application if
the SF-424 is not submitted and accepted by Grants.gov by the deadline.
Additionally, the CDFI Fund will not accept an Application if it is not
signed by an Authorized Representative and submitted in AMIS by the
deadline. In either case, the CDFI Fund will not review any material
submitted, and the Application will be deemed ineligible.
However, in cases where a Federal government administrative or
technological error directly resulted in a late submission of the SF-
424 or the Application, Applicants are provided two opportunities to
submit a written request for acceptance of late submissions. The CDFI
Fund does not consider a delay in any Federal government process to
constitute a Federal government administrative or technological error.
The CDFI Fund will not consider a late submission of the SF-424 or the
Application that was a direct result of a delay in a Federal Government
process, unless such delay was the result of a Federal government
administrative or technological error.
a. SF-424 Late Submission: In cases where a Federal government
administrative or technological error directly resulted in a late
submission of the SF-424, the Applicant must submit a written request
for acceptance of late SF-424 submission and include documentation of
the error no later than two business days after the SF-424 deadline.
The CDFI Fund will not respond to request for acceptance of late SF-424
submissions after that time period. Applicants must submit late SF-424
submission requests to the CDFI Fund via an AMIS service request to the
CDFI Program with a subject line of ``Late SF-424 Submission Request.''
b. Application Late Submission: In cases where a Federal government
administrative or technological error directly resulted in a late
submission of the Application in AMIS, the Applicant must submit a
written request for acceptance of late Application submission and
include documentation of the error no later than two business days
after the Application deadline. The CDFI Fund will not respond to
request for acceptance of late Application submissions after that time
period. Applicants must submit late Application submission requests to
the CDFI Fund via an AMIS service request to the NACA Program with a
subject line of ``Late Application Submission Request.''
G. Funding Restrictions: FA, PPC-FA, DF-FA, HFFI-FA and TA awards
are limited by the following:
1. FA awards:
a. A Recipient shall use FA funds only for the eligible activities
described in Section II.(C)(1) of this NOFA and its Assistance
Agreement.
b. A Recipient may not distribute FA funds to an Affiliate,
Subsidiary, or any other entity, without the CDFI Fund's prior written
approval.
c. FA funds shall only be paid to the Recipient.
d. The CDFI Fund, in its sole discretion, may pay FA funds in
amounts, or under terms and conditions, which are different from those
requested by an Applicant.
e. The Recipient must comply, as applicable, with the Buy American
Act of 1933, 41 U.S.C. 8301-8303, with respect to any Direct Costs.
2. PPC-FA awards:
a. A Recipient shall use PPC-FA funds only for the eligible
activities described in Section II.(C)(5) of this NOFA and its
Assistance Agreement.
b. A Recipient may not distribute PPC-FA funds to an Affiliate,
Subsidiary, or any other entity, without the CDFI Fund's prior written
approval.
c. PPC-FA funds shall only be paid to the Recipient.
d. The CDFI Fund, in its sole discretion, may pay PPC-FA funds in
amounts, or under terms and conditions, which are different from those
requested by an Applicant.
e. The Recipient must comply, as applicable, with the Buy American
Act of 1933, 41 U.S.C. 8301-8303, with respect to any Direct Costs.
3. DF-FA awards:
a. A Recipient shall use DF-FA funds only for the eligible
activities described in Section II.(C)(2) of this NOFA and its
Assistance Agreement.
b. A Recipient may not distribute DF-FA funds to an Affiliate,
Subsidiary, or any other entity, without the CDFI Fund's prior written
approval.
c. DF-FA funds shall only be paid to the Recipient.
d. The CDFI Fund, in its sole discretion, may pay DF-FA funds in
amounts, or under terms and conditions, which are different from those
requested by an Applicant.
e. The Recipient must comply, as applicable, with the Buy American
Act of 1933, 41 U.S.C. 8301-8303, with respect to any Direct Costs.
2. HFFI-FA awards:
a. A Recipient shall use HFFI-FA funds only for the eligible
activities described in Section II.(C)(4) of this NOFA and its
Assistance Agreement.
b. A Recipient may not distribute HFFI-FA funds to an Affiliate,
Subsidiary, or any other entity, without the CDFI Fund's prior written
approval.
c. HFFI-FA funds shall only be paid to the Recipient.
d. The CDFI Fund, in its sole discretion, may pay HFFI-FA funds in
amounts, or under terms and conditions, which are different from those
requested by an Applicant.
e. The Recipient must comply, as applicable, with the Buy American
Act of 1933, 41 U.S.C. 8301-8303, with respect to any Direct Costs.
3. TA grants:
a. A Recipient shall use TA funds only for the eligible activities
described in Section II.(C)(3) of this NOFA and its Assistance
Agreement.
b. A Sponsoring Entity award Recipient must create, as a legal
entity, the Emerging CDFI no later than the end of the first year of
the period of performance, whereupon the Sponsoring Entity must request
the CDFI Fund to amend the Assistance

[[Page 4744]]

Agreement and add the Emerging CDFI as a co-Recipient thereto, with the
Sponsoring Entity, thereby transferring any and all remaining balances
and/or assets derived from the TA award to the Emerging CDFI.
c. A Recipient may not distribute TA funds to an Affiliate,
Subsidiary or any other entity, without the CDFI Fund's prior written
consent.
d. TA funds shall only be paid to the Recipient.
e. The CDFI Fund, in its sole discretion, may pay TA funds in
amounts, or under terms and conditions, which are different from those
requested by an Applicant.
f. The Recipient must comply, as applicable, with the Buy American
Act of 1933, 41 U.S.C. 8301-8303, with respect to any Direct Costs.

V. Application Review Information

A. Criteria: If the Applicant has submitted an eligible
Application, the CDFI Fund will conduct a substantive review in
accordance with the criteria and procedures described in the
Regulations, this NOFA, the Application guidance, and the Uniform
Requirements. The CDFI Fund reserves the right to contact the Applicant
by telephone, email, or mail for the purpose of clarifying or
confirming Application information. If contacted, the Applicant must
respond within the time period communicated by the CDFI Fund or risk
that its Application will be rejected. The CDFI Fund will review the
FA, DF-FA, PPC-FA, HFFI-FA, and TA Applications according the below
process.
1. Financial Assistance (FA) Application Scoring, Award Selection,
Review, and Selection Process: The CDFI Fund will evaluate each
Application using a five step review process illustrated in the
sections below. Applicants that meet the minimum criteria will advance
to the next step in the review process. Applicants applying as a
Community Partnership must describe partnership in the Application
pursuant to the requirements set forth in Table 8 and will be evaluated
in accordance with the review process described below.
a. Step 1: Eligibility Review: The CDFI Fund will evaluate each
Application to determine its eligibility status per Section III.
Eligibility Information of this NOFA.
b. Step 2: Financial Analysis and Compliance Evaluation: Step 2
contains two main components: Financial health analysis and compliance
risk evaluation. The CDFI Fund will evaluate the financial health and
viability of each Application using financial information provided by
the Applicant. The CDFI Fund will also evaluate the compliance risk of
each Application using information provided in the Application.
For the financial health analysis, each Application will receive a
Total Financial Composite Score on a scale of one (1) to five (5), with
one (1) being the highest rating. The Total Financial Composite Score
is based on the analysis of twenty-four (24) financial indicators.
Applications will be grouped based on the Total Financial Composite
Score. Applicants must receive a Total Financial Composite Score of one
(1), two (2), or three (3) to advance to Step 3. Applicants that
receive an initial Total Financial Composite Score of four (4) or five
(5) will be re-evaluated and re-scored by CDFI Fund staff. If the Total
Financial Composite Score remains four (4) or five (5) after CDFI Fund
staff review, the Applicant will not advance to Step 3.
For the compliance analysis, the CDFI Fund will evaluate the
compliance risk of each Application using information provided in the
Application. Each Application will receive a Total Compliance Composite
Score on a scale of one (1) to five (5), with one (1) being the highest
rating. Applicants must receive a Total Compliance Composite Score of
one (1), two (2), or three (3) to advance to Step 3. Applicants that
receive an initial Total Compliance Composite Score of four (4) or five
(5) will be re-evaluated and re-scored by CDFI Fund Staff. If the Total
Compliance Composite Score remains four (4) or five (5) after CDFI
Staff review, the Applicant will not advance to Step 3.
c. Step 3: Business Plan Review: Applicants that proceed to Step 3
will be evaluated on the soundness of each Applicant's comprehensive
business plan. Two external non-CDFI Fund Reviewers will conduct the
Step 3 evaluation. Reviewers will evaluate the Application sections
listed in Table 13. All Applications will be reviewed in accordance
with standard reviewer evaluation materials for the business plan
review. Applications will be ranked based on Total Business Plan
Scores, in descending order. In order to advance to Step 4, Applicants
must receive a Total Business Plan Score that is either (1) equal to
receiving a point score equivalent to a ``Good'' out of a ranking scale
in descending order of Excellent, Good, Fair, Limited or Poor, in each
section listed in Table 13 or (2) within the top 70 percent of the NACA
FA applicant pool, whichever is greater. In the case of tied Total
Business Plan Scores that would prevent an Applicant from moving to
Step 4, all Applicants with the same score will progress to Step 4.

Table 13--Step 3: FA Business Plan Review Scoring Criteria
------------------------------------------------------------------------
Score needed to
FA application sections Possible score advance
------------------------------------------------------------------------
Executive Summary........... Not Scored.......... N/A.
Business Strategy........... 12.................. N/A.
Market and Competitive 7................... N/A.
Analysis.
Products and Services....... 12.................. N/A.
Management and Track Record. 12.................. N/A.
Growth and Projections...... 7................... N/A.
-------------------------------------------
Total Business Plan 50.................. NACA FA Applicants:
Score. Within Top 70
percent of all NACA
Applicant Step 3
Scores.
------------------------------------------------------------------------

d. Step 4: Policy Objective Review: The CDFI Fund internal
reviewers will evaluate each Application to determine its ability to
meet policy objectives of the CDFI Fund authorizing statute. The policy
objectives considered in this evaluation are listed in Table 14 below.
The CDFI Fund also conducts a due diligence review for Applications
that includes an analysis of programmatic risk factors including, but
not limited to: History of performance in managing Federal awards
(including timeliness of reporting and compliance); reports and
findings from audits; and the Applicant's ability to effectively
implement Federal requirements, which could impact the Total Policy
Objective

[[Page 4745]]

Review Score. Each Applicant will be evaluated in each of the
categories, which will result in a Total Policy Objective Review
Composite Score on a scale of one (1) to five (5), with one (1) being
the highest score. Applicants are then grouped according to Total
Policy Objective Review Scores.

Table 14--Step 4: FA Policy Review Scoring Criteria
----------------------------------------------------------------------------------------------------------------
Section Possible scores High score Score needed to advance
----------------------------------------------------------------------------------------------------------------
Economic Distress............... 1, 2, 3, 4, or 5.............. 1 N/A.
Economic Opportunities.......... 1, 2, 3, 4, or 5.............. 1 N/A.
Partnerships.................... 1, 2, 3, 4, or 5.............. 1 N/A.
-------------------------------------------------------------------------------
Total Policy Objective 1, 2, 3, 4, or 5.............. 1 All Scores Advance.
Review Composite Score.
----------------------------------------------------------------------------------------------------------------

e. Step 5: Award Amount Determination: The CDFI Fund determines an
award amount for each Application based on the Step 4 Total Policy
Objective Review Score, the Applicant's request amount, and on certain
variables, including but not limited to, an Applicant's deployment
track record, minimum award size, and funding availability. Award
amounts may be reduced from the requested award amount as a result of
this analysis. Lastly, the CDFI Fund may consider the geographic
diversity of Applicants when making its funding decisions.
2. Healthy Food Financing Initiative-FA (HFFI-FA) Application
Scoring, Award Selection, Review, and Selection Process: Two external
non-CDFI Fund reviewers will evaluate each HFFI-FA Application
associated with a FA application that progresses to Step 4 of the FA
Application review process. Reviewers will evaluate the Application
sections listed in Table 15 and assign a Total HFFI-FA Score up to 25
points. All Applications will be reviewed in accordance with standard
reviewer evaluation materials. Applications will be ranked based on
total scores, in descending order. Applicants that fail to receive an
FA award will not be considered for a HFFI-FA award.
The CDFI Fund conducts additional levels of due diligence for
Applications that are in scoring contention for an HFFI-FA award. This
due diligence includes an analysis of programmatic and financial risk
factors including, but not limited to, financial stability, quality of
management systems and ability to meet award management standards,
history of performance in managing Federal awards (including timeliness
of reporting and compliance), reports and findings from audits, and the
Applicant's ability to effectively implement Federal requirements.
Award amounts may be reduced from the requested award amount as a
result of this analysis. The CDFI Fund may reduce awards sizes from
requested amounts based on certain variables, including an Applicant's
loan disbursement activity, total portfolio outstanding, and similar
factors. Lastly, the CDFI Fund may consider the geographic diversity of
Applicants when making its funding decisions.

Table 15--Step 3 HFFI-FA Application Scoring Criteria
------------------------------------------------------------------------
HFFI-FA
HFFI-FA narrative sections Applicants
(points)
------------------------------------------------------------------------
HFFI Target Market Profile.............................. 4
Healthy Food Financial Products......................... 5
Healthy Food Development Services....................... 2
Projected HFFI-FA Activities............................ 7
HFFI Track Record, Management Capacity for Providing 7
Healthy Food Financing, Healthy Food Financing Outcomes
---------------
Total HFFI-FA Score................................. 25
------------------------------------------------------------------------

3. Persistent Poverty Counties--Financial Assistance (PPC-FA)
Application Scoring, Award Selection, Review, and Selection Process:
Application requests for PPC-FA awards are not scored. A CDFI Fund
internal reviewer will evaluate the PPC-FA request of each associated
FA Applicant that has advanced to the Step 4 review process. PPC-FA
award amounts will be determined based on the total number of eligible
Applicants and funding availability, the Applicant's requested amount,
and on certain variables, including but not limited to, an Applicant's
deployment track record, historical track record of deployment in
Persistent Poverty Counties for Applicants that have received prior
awards from the CDFI Fund, minimum award size, and funding
availability.
4. Disability Funds-Financial Assistance (DF-FA) Application
Scoring, Award Selection, Review, and Selection Process: A CDFI Fund
internal reviewer will evaluate each DF-FA Application associated with
a FA application progresses to Step 4 of the FA Application review
process. The reviewer will evaluate the Application and assign a Total
DF-FA Score on a scale of one (1) to five (5), with one (1) being the
highest score. Applicants are then grouped according to Total DF-FA
Score. All Applications will be reviewed in accordance with standard
reviewer evaluation materials. Applicants that fail to receive an FA
award will not be considered for a DF-FA award. Award amounts will be
determined on the basis of the Total DF-FA Score, the Applicant's
requested amount, and on certain variables, including but not limited
to, an Applicant's deployment track record, minimum award size, and
funding availability. The CDFI Fund will make awards to the highest
scoring applicants first. Award amounts may be reduced from the
requested award amount as a result of this analysis. The DF-FA award is
evaluated independently from the FA award and will not affect the FA
award evaluation or size.

[[Page 4746]]

Table 16--Step 3 DF-FA Application Scoring Criteria
------------------------------------------------------------------------
Section Possible scores High score
------------------------------------------------------------------------
DF-FA Narrative Questions........... 1, 2, 3, 4, or 5 1
-----------------------------------
Total DF-FA Score............... 1, 2, 3, 4, or 5 1
------------------------------------------------------------------------

5. Technical Assistance (TA) Application Scoring, Award Selection,
Review, and Selection Process: The CDFI Fund will evaluate each
Application to determine its eligibility pursuant to Section III.
Eligibility Information of this NOFA. If the Application meets the
eligibility criteria, the CDFI Fund will evaluate each TA Application
using standard scoring criteria in the Business Plan Review (Table 17).
An Applicant must receive a minimum Total TA Business Plan Score of 50
points for the TA components in order to be considered for an award.
Sponsoring Entity, Emerging CDFI or Certifiable CDFI Applicants must
achieve a minimum score of 35 points in Section I to be considered for
an award and to be reviewed in Section II.
An Applicant that is a Certified CDFI will be evaluated on the
demonstrated need for TA funding to build the CDFI's capacity, further
the Applicant's strategic goals, and achieve impact within the
Applicant's Target Market. An Applicant that is an Emerging CDFI or
Certifiable CDFI will be evaluated on the Applicant's demonstrated
capability and plan to achieve CDFI certification within three years,
or if a prior awardee, the certification performance goal and measure
stated in its prior Assistance Agreement. An Applicant that is an
Emerging CDFI and Certifiable CDFI will also be evaluated on its
demonstrated need for TA funding to build the CDFI's capacity and
further its strategic goals. An Applicant that is a Sponsoring Entity
will be rated on the Applicant's demonstrated capability to create a
separate legal entity within one year that will achieve CDFI
certification within four years. An Applicant that is a Sponsoring
Entity will also be rated on its demonstrated need for TA funding to
build the CDFI's capacity and further its strategic goals.
The CDFI Fund will score each part of the TA Business Plan Review
as indicated in Table 17.

Table 17--TA Business Plan Review Scoring Criteria
------------------------------------------------------------------------
Emerging CDFI or
TA application sections certifiable CDFI Certified CDFI
(points) (points)
------------------------------------------------------------------------
Section I:
Primary Mission............. 15 N/A
Financing Entity............ 15 N/A
Target Market............... 15 N/A
Accountability.............. 15 N/A
Development Services........ 15 N/A
Section II:
Organization Overview....... 5 20
Management and Staff........ 5 20
Community Coordination...... 5 20
Financial Performance....... 5 20
Organizational Impact....... 5 20
---------------------------------------
Total TA Business Plan 100 100
Score..................
------------------------------------------------------------------------

Each TA Application will be evaluated by one internal CDFI Fund
reviewer. Internal reviewers must complete the CDFI Fund's conflict of
interest process. The CDFI Fund's application conflict of interest
policy is located on the CDFI Fund's website. All Applications will be
reviewed in accordance with CDFI Fund standard reviewer evaluation
materials for the Business Plan Review. Applications will be ranked
based on Total TA Business Plan Score, in descending order. In the case
of tied scores that would prohibit the Application from progressing to
the next level of review, Certified Applicants will be ranked first
according to each Organization Overview score and Emerging CDFI,
Certifiable CDFI, and Sponsoring Entity Applicants will be ranked first
according to the total Section I score.
The CDFI Fund conducts additional levels of due diligence for
Applications that are in scoring contention for an award. This due
diligence includes an analysis of programmatic and financial risk
factors including, but not limited to, financial stability, history of
performance in managing Federal awards (including timeliness of
reporting and compliance), reports and findings from audits, and the
Applicant's ability to effectively implement Federal requirements. The
CDFI Fund will also evaluate the Applicant's ability to meet
certification criteria of being a legal entity and a non-government
entity. Award amounts may be reduced as a result of this analysis in
addition to consideration of the eligibility of an Applicant's funding
request and similar factors. Lastly, the CDFI Fund may consider the
geographic diversity of Applicants when making its funding decisions.
6. Insured Depository Institutions: The CDFI Fund will consider
safety and soundness information from the Appropriate Federal or State
Banking Agency. If the Applicant is a CDFI Depository Institution
Holding Company, the CDFI Fund will consider information provided by
the Appropriate Federal or State Banking Agencies about both the CDFI
Depository Institution Holding Company and the Subsidiary CDFI
Certified Insured Depository Institution that will expend and carry out
the

[[Page 4747]]

award. If the Appropriate Federal or State Agency identifies safety and
soundness concerns, the CDFI Fund will assess whether the concerns
cause or will cause the Applicant to be incapable of undertaking the
activities for which funding has been requested.
7. Non-Regulated Institutions: In accordance with the NACA
Program's authorizing statute and regulations, the CDFI Fund must
ensure, to the maximum extent practicable, that recipients which are
non-regulated CDFIs are financially and managerially sound, and
maintain appropriate internal controls (12 U.S.C. 4707(f)(1)(A) and 12
CFR 1805.800(b)). Further, the CDFI Fund must determine that an
Applicant's capacity to operate as a CDFI and its continued viability
will not be dependent upon assistance from the CDFI Fund (12 U.S.C.
4704(b)(2)(A)). If it is determined the Applicant is incapable of
meeting these requirements, the CDFI Fund reserves the right to deem
the Applicant ineligible or terminate the award.
B. Anticipated Award Announcement: The CDFI Fund anticipates making
the NACA Program award announcements after September 10, 2018 and
before September 30, 2018.
C. Application Rejection: The CDFI Fund reserves the right to
reject an Application if information (including administrative errors)
comes to the CDFI Fund's attention that: Adversely affects an
Applicant's eligibility for an award; adversely affects the Recipient's
certification as a CDFI (to the extent that the award is conditional
upon CDFI certification); adversely affects the CDFI Fund's evaluation
or scoring of an Application; or indicates fraud or mismanagement on
the Applicant's part. If the CDFI Fund determines any portion of the
Application is incorrect in a material respect, the CDFI Fund reserves
the right, in its sole discretion, to reject the Application. The CDFI
Fund reserves the right to change its eligibility and evaluation
criteria and procedures, if the CDFI Fund deems it appropriate. If the
changes materially affect the CDFI Fund's award decisions, the CDFI
Fund will provide information about the changes through its website.
The CDFI Fund's award decisions are final, and there is no right to
appeal the decisions.
D. External Non-CDFI Fund Reviewers: All external non-CDFI Fund
reviewers are selected based on criteria that includes a professional
background in community and economic development finance, and
experience reviewing the financial statements of all CDFI institution
types. Reviewers must complete the CDFI Fund's conflict of interest
process and be approved by the CDFI Fund. The CDFI Fund's application
reader conflict of interest policy is located on the CDFI Fund's
website.

VI. Federal Award Administration Information

A. Award Notification: Each successful Applicant will receive an
email ``notice of award'' notification from the CDFI Fund stating that
its Application has been approved for an award. Each Applicant not
selected for an award will receive an email stating that a debriefing
notice has been provided in its AMIS account.
B. Assistance Agreement: Each Applicant selected to receive an
award must enter into an Assistance Agreement with the CDFI Fund in
order to receive a payment(s). The Assistance Agreement will set forth
the award's terms and conditions, including but not be limited to the:
(i) Award amount; (ii) award type; (iii) award uses; (iv) eligible use
of funds; (v) performance goals and measures; and (vi) reporting
requirements. FA Assistance Agreements have three-year periods of
performance. TA Assistance Agreements have two-year periods of
performance for Certified CDFIs, three-year periods of performance for
Emerging CDFIs or Certifiable CDFIs, and four-year periods of
performance for Sponsoring Entity TA Recipients. Upon creation of the
Emerging CDFI, the Sponsoring Entity will request the CDFI Fund to
amend the Assistance Agreement and add the Emerging CDFI as a party
thereto; the Emerging CDFI, as co-awardee, must comply with all of the
requirements in the Assistance Agreement, including all program goals
and measures.
1. Certificate of Good Standing: All FA and TA Recipients that are
not Insured Depository Institutions will be required to provide the
CDFI Fund with a certificate of good standing from the secretary of
state for the Recipient's jurisdiction of formation prior to closing.
This certificate can often be acquired online on the secretary of state
website for the Recipient's jurisdiction of formation and must
generally be dated within 180 days prior to the date the Recipient
executes the Assistance Agreement. Due to potential backlogs in state
government offices, Applicants are advised to submit requests for
certificates of good standing no later than 60 days after they submit
their Applications.
2. Closing: Pursuant to the Assistance Agreement, there will be an
initial closing at which point the Assistance Agreement and related
documents will be properly executed and delivered, and an initial
payment of FA or TA may be made. FA Recipients that are subject to the
matching funds requirement will not receive a payment until 100 percent
of their matching funds are In-Hand. The first payment is the estimated
amount of award that the Recipient states in its Application that it
will use for eligible FA or TA activities in the first 12 months after
the award. The CDFI Fund reserves the right to increase the first
payment amount on any award to ensure that any subsequent payments are
greater than $25,000 for FA and $5,000 for TA awards.
The CDFI Fund will minimize the time between the Recipient
incurring costs for eligible activities and award payment in accordance
with the Uniform Requirements. The advanced payments for eligible
activities will occur no more than one year in advance of the Recipient
incurring costs for the eligible activities. Following the initial
closing, there may be subsequent closings involving additional award
payments. Any documentation in addition to the Assistant Agreement that
is connected with such subsequent closings and payments shall be
properly executed and timely delivered by the Recipient to the CDFI
Fund.
3. Requirements Prior to Entering into an Assistance Agreement: If,
prior to entering into an Assistance Agreement, information (including
administrative errors) comes to the CDFI Fund's attention that:
Adversely affects the Recipient's eligibility for an award; adversely
affects the Recipient's certification as a CDFI (to the extent that the
award is conditional upon CDFI certification); adversely affects the
CDFI Fund's evaluation of the Application; indicates that the Recipient
is not in compliance with any requirement listed the Uniform
Requirements; or indicates fraud or mismanagement on the Recipient's
part, the CDFI Fund may, in its discretion and without advance notice
to the Recipient, terminate the award or take such other actions as it
deems appropriate. The CDFI Fund reserves the right, in its sole
discretion, to rescind an award if the Recipient fails to return the
Assistance Agreement, signed by the authorized representative of the
Recipient, and/or provide the CDFI Fund with any other requested
documentation, within the CDFI Fund's deadlines.
In addition, the CDFI Fund reserves the right, in its sole
discretion, to terminate and rescind the Assistance Agreement and the
award made under this NOFA pending the criteria described in the
following table:

[[Page 4748]]

Table 18--Requirements Prior To Executing an Assistance Agreement
------------------------------------------------------------------------
Requirement Criteria
------------------------------------------------------------------------
Failure to meet reporting If a Recipient received a prior
requirements. award under any CDFI Fund program and is
not current with the reporting
requirements of the previously executed
agreement(s), the CDFI Fund may delay
entering into an Assistance Agreement or
disbursing an award until reporting
requirements are met.
If such a Recipient is unable to
meet the requirement within the
timeframe specified, the CDFI Fund may
terminate and rescind the Assistance
Agreement and the award made under this
NOFA.
The automated systems the CDFI
Fund uses only acknowledge a report's
receipt and it not a determination of
meeting reporting requirements.
Failure to maintain CDFI An FA Recipient must be a
Certification. Certified CDFI prior to entering into an
Assistance Agreement.
If an FA Recipient fails to
maintain CDFI Certification, the CDFI
Fund will terminate and rescind the
Assistance Agreement and the award made
under this NOFA.
Pending resolution of The CDFI Fund will delay
noncompliance. entering into an Assistance Agreement
with a Recipient that has pending
noncompliance issues with any of its
previously executed CDFI award
agreement(s), if the CDFI Fund has not
yet made a final compliance
determination.
If the Recipient is unable to
satisfactorily resolve the compliance
issues, the CDFI Fund may terminate and
rescind the Assistance Agreement and the
award made under this NOFA.
Noncompliance status......... If, at any time prior to
entering into an Assistance Agreement,
the CDFI Fund determines that a
Recipient is noncompliant with any
previously executed CDFI award
agreement(s) and the CDFI Fund has
provided written notification that the
Recipient is ineligible to apply for or
receive any future awards or allocations
for a time period specified by the CDFI
Fund in writing, the CDFI Fund may delay
entering into an Assistance Agreement
until the Recipient has cured the
default by taking actions the CDFI Fund
has specified within the specified
timeframe. If the Recipient is unable to
meet the cure requirement within the
specified timeframe, the CDFI Fund may
terminate and rescind the Assistance
Agreement and the award made under this
NOFA.
Compliance with Federal civil If prior to entering into an
rights requirements. Assistance Agreement under this NOFA,
the Recipient receives a final
determination, made within the last
three years, in any proceeding
instituted against the Recipient in, by,
or before any court, governmental, or
administrative body or agency, declaring
that the Recipient has violated the
following laws: Title VI of the Civil
Rights Act of 1964, as amended (42
U.S.C.Sec. 2000d); Section 504 of the
Rehabilitation Act of 1973 (29 U.S.C.
Sec. 794); the Age Discrimination Act
of 1975, (42 U.S.C. Sec. Sec. 6101-
6107), and Executive Order 13166,
Improving Access to Services for Persons
with Limited English Proficiency, the
CDFI Fund will terminate and rescind the
Assistance Agreement and the award made
under this NOFA.
Do Not Pay................... The Do Not Pay Business Center
was developed to support Federal
agencies in their efforts to reduce the
number of improper payments made through
programs funded by the Federal
government.
The CDFI Fund reserves the
right, in its sole discretion, to
rescind an award if the Recipient is
identified as an ineligible recipient in
the Do Not Pay database.
Safety and soundness......... If it is determined the
Recipient is, or will be, incapable of
meeting its award obligations, the CDFI
Fund will deem the Recipient to be
ineligible, or require it to improve
safety and soundness conditions prior to
entering into an Assistance Agreement.
------------------------------------------------------------------------

C. Reporting
1. Reporting requirements: On an annual basis for the period of
performance, the CDFI Fund may collect information from each Recipient
including, but not limited to, an Annual Report with the following
components:

Table 19--Annual Reporting Requirements
------------------------------------------------------------------------

------------------------------------------------------------------------
Financial Statement Audit A Non-profit Recipient must submit a
Report (Non-profit Financial Statement Audit (FSA) report
Recipient). in AMIS, along with the Recipient's
statement of financial condition audited
or reviewed by an independent certified
public accountant, if any are prepared.
Under no circumstances should this be
construed as the CDFI Fund requiring the
Recipient to conduct or arrange for
additional audits not otherwise required
under Uniform Requirements or otherwise
prepared at the request of the Recipient
or parties other than the CDFI Fund.
Financial Statement Audit For-profit Recipients must submit a
Report (For-Profit Financial Statement Audit report in
Recipient). AMIS, along with a statement of
financial condition audited or reviewed
by an independent certified public
accountant.
Single Audit Report (if If a Recipient is required to complete a
applicable) (or similar Single Audit Report, it should be
report). submitted to the Federal Audit
Clearinghouse (see 2 C.F.R. Subpart F-
Audit Requirements in the Uniform
Requirements) and AMIS (optional). For-
profit Recipients are required to
complete and submit a similar report
directly to the CDFI Fund.
Institution Level Report The ILR is a report used to collect
(ILR). compliance and performance data from
CDFI Fund Recipients. The ILR is
submitted through AMIS and captures
organizational information, financial
position, lending and investing
activities, community development
outputs, and development services.
A CDFI Subsidiary Insured
Depository Institution that receives a
transfer of any portion of an FA award
from a CDFI Depository Institution
Holding Company Recipient must also
submit an ILR.
Transaction Level Report The TLR is a report used to collect
(TLR). compliance and performance data from
CDFI Fund Recipients. The TLR is
submitted through AMIS and captures data
on each individual loan and investment
in the Recipient's portfolio.
A CDFI Subsidiary Insured
Depository Institutions that receives a
transfer of any portion of an FA award
from a CDFI Depository Institution
Holding Company Recipient must also
submit a TLR.
The TLR is not required for TA
Recipients.

[[Page 4749]]

Federal Financial Report/OMB If the Recipient receives a TA award, it
Standard Form 425. must submit the Federal Financial Report/
OMB Standard Form 425 via AMIS.
Uses of Award Report......... If the Recipient receives an FA or TA
award, it must submit the Uses of Award
Report via AMIS.
Shareholders Report.......... If the Assistance is in the form of an
Equity Investment, the Recipient must
submit shareholder information to the
CDFI Fund showing the class, series,
number of shares and valuation of
capital stock held or to be held by each
shareholder. The Shareholder Report must
be submitted for as long as the CDFI
Fund is an equity holder.
Performance Progress Report.. If the Recipient receives an FA or TA
award, it must submit information on the
status of compliance with the
performance goals and measures via AMIS.
------------------------------------------------------------------------

Each Recipient is responsible for the timely and complete
submission of the Annual Reporting requirements. Sponsoring Entities
with co-awardees will be informed of any reporting shifts at the time
the Emerging CDFI is adjoined to the Agreement. The CDFI Fund reserves
the right to contact the Recipient and additional entities or
signatories to the Assistance Agreement to request additional
information and documentation. The CDFI Fund will use such information
to monitor each Recipient's compliance with the requirements in the
Assistance Agreement and to assess the impact of the NACA Program. The
CDFI Fund reserves the right, in its sole discretion, to modify these
reporting requirements, including increasing the scope and frequency of
reporting, if it determines it to be appropriate and necessary;
however, such reporting requirements will be modified only after notice
to Recipients.
2. Financial Management and Accounting: The CDFI Fund will require
Recipients to maintain financial management and accounting systems that
comply with Federal statutes, regulations, and the terms and conditions
of the Federal award. These systems must be sufficient to permit the
preparation of reports required by general and program specific terms
and conditions, including the tracing of funds to a level of
expenditures adequate to establish that such funds have been used
according to the Federal statutes, regulations, and the terms and
conditions of the Federal award.
The cost principles used by Recipients must be consistent with
Federal cost principles and support the accumulation of costs as
required by the principles, and must provide for adequate documentation
to support costs charged to the NACA Program award. In addition, the
CDFI Fund will require Recipients to: Maintain effective internal
controls; comply with applicable statutes, regulations, and the
Assistance Agreement; evaluate and monitor compliance; take action when
not in compliance; and safeguard personally identifiable information.

VII. Agency Contacts

A. The CDFI Fund will respond to questions concerning this NOFA and
the Application between the hours of 9:00 a.m. and 5:00 p.m. Eastern
Time, starting on the date that the NOFA is published through the date
listed in Table 1 and Table 12. The CDFI Fund strongly recommends
applicants submit questions to the CDFI Fund via an AMIS service
request to the NACA Program, Certification, Compliance Monitoring and
Evaluation, or IT Help Desk. The CDFI Fund will post on its website
responses to reoccurring questions received about this Application.
Other information regarding the CDFI Fund and its programs may be
obtained from the CDFI Fund's website at http://www.cdfifund.gov. Table
20 lists CDFI Fund contact information:

Table 20--Contact Information
----------------------------------------------------------------------------------------------------------------
Telephone number (not
Type of question Preferred method toll free) Email addresses
----------------------------------------------------------------------------------------------------------------
NACA Program......................... Service Request via 202-653-0421, option 1. [email protected]
AMIS. .
CCME................................. Service Request via 202-653-0423........... [email protected].
AMIS.
AMIS--IT Help Desk................... Service Request via 202-653-0422........... [email protected].
AMIS.
----------------------------------------------------------------------------------------------------------------

B. Information Technology Support: For IT Assistance, submit an
AMIS Service Request (Record Type of ``General Inquiry''). In the
Service Request form, select the appropriate program, then select
``AMIS Technical Problem'' as the Type. People who have visual or
mobility impairments that prevent them from using the CDFI Fund's
website should call (202) 653-0422 for assistance (this is not a toll
free number).
C. Communication with the CDFI Fund: The CDFI Fund will use the
contact information in AMIS to communicate with Applicants and
Recipients. It is imperative, therefore, that Applicants, Recipients,
Subsidiaries, Affiliates, and signatories maintain accurate contact
information in their accounts. This includes information such as
contact names (especially for the Authorized Representative) listed in
this NOFA's application materials, email addresses, fax and phone
numbers, and office locations.
D. Civil Rights and Diversity: Any person who is eligible to
receive benefits or services from the CDFI Fund or Recipients under any
of its programs is entitled to those benefits or services without being
subject to prohibited discrimination. The Department of the Treasury's
Office of Civil Rights and Diversity enforces various Federal statutes
and regulations that prohibit discrimination in financially assisted
and conducted programs and activities of the CDFI Fund. If a person
believes that s/he has been subjected to discrimination and/or reprisal
because of membership in a protected group, s/he may file a complaint
with: Associate Chief Human Capital Officer, Office of Civil Rights,
and Diversity, 1500 Pennsylvania Ave. NW, Washington, DC 20220 or (202)
622-1160 (not a toll-free number).

VIII. Other Information

A. Paperwork Reduction Act: Under the Paperwork Reduction Act (44
U.S.C. chapter 35), an agency may not conduct or sponsor a collection
of information, and an individual is not required to respond to a
collection of information, unless it displays a valid OMB control
number. If applicable, the CDFI Fund may inform Applicants that they do
not

[[Page 4750]]

need to provide certain Application information otherwise required.
Pursuant to the Paperwork Reduction Act, the CDFI Program, and NACA
Program Application has been assigned the following control number:
1559-0021. The DF-FA questions have been assigned the following control
number: 1559-New.
B. Application Information Sessions: The CDFI Fund may conduct
webinars or host information sessions for organizations that are
considering applying to, or are interested in learning about, the CDFI
Fund's programs. For further information, visit the CDFI Fund's website
at http://www.cdfifund.gov.

Authority: 2 U.S.C. 4701, et seq.; 12 CFR parts 1805 and 1815; 2
CFR part 200.

Mary Ann Donovan,
Director, Community Development Financial Institutions Fund .
[FR Doc. 2018-01998 Filed 1-31-18; 8:45 am]
BILLING CODE 4810-70-P