[Federal Register Volume 85, Number 35 (Friday, February 21, 2020)]
[Notices]
[Pages 10219-10240]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03440]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Notice of Funds Availability Inviting Applications for Financial 
Assistance Awards or Technical Assistance Grants Under the Community 
Development Financial Institutions Program Fiscal Year 2020 Funding 
Round

    Funding Opportunity Title: Notice of Funds Availability (NOFA) 
inviting Applications for Financial Assistance (FA) awards or Technical 
Assistance (TA) grants under the Community Development Financial 
Institutions Program (CDFI Program) fiscal year (FY) 2020 Funding 
Round.
    Announcement Type: Announcement of funding opportunity.
    Funding Opportunity Number: CDFI-2020-FATA.
    Catalog of Federal Domestic Assistance (CFDA) Number: 21.020.
    Dates:

                  Table 1--FY 2020 CDFI Program Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
             Description                       Deadline         Time (Eastern Time--ET)     Submission method
----------------------------------------------------------------------------------------------------------------
Last day to create an Awards           March 23, 2020.........  11:59 p.m. ET..........  AMIS.
 Management Information Systems
 (AMIS) Account (all Applicants).
Last day to enter EIN and DUNS         March 23, 2020.........  11:59 p.m. ET..........  AMIS.
 numbers in AMIS (all Applicants).
Last day to submit SF-424              March 23, 2020.........  11:59 p.m. ET..........  Electronically via
 (Application for Federal Assistance).                                                    Grants.gov.
Last day to contact CDFI Program       April 17, 2020.........  5:00 p.m. ET...........  Service Request via
 staff.                                                                                   AMIS Or CDFI Fund
                                                                                          Helpdesk: 202-653-
                                                                                          0421.
Last day to contact AMIS-IT Help Desk  April 21, 2020.........  5:00 p.m. ET...........  Service Request via
 (regarding AMIS technical problems                                                       AMIS Or 202-653-0422
 only).                                                                                   Or
                                                                                          [email protected].
Last day to submit CDFI Program        April 21, 2020.........  11:59 p.m. ET..........  AMIS.
 Application for Financial Assistance
 (FA) or Technical Assistance (TA).
----------------------------------------------------------------------------------------------------------------

    Executive Summary: Through the CDFI Program, the CDFI Fund provides 
(i) FA awards of up to $1 million to Certified Community Development 
Financial Institutions (CDFIs) to build their financial capacity to 
lend to Eligible Markets and/or their Target Markets, and (ii) TA 
grants of up to $125,000 to build Certified, and Emerging CDFIs' 
organizational capacity to serve Eligible Markets and/or their Target 
Markets. 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. The CDFI Program made its first awards in 1996 
and the Native American CDFI Assistance (NACA) Program made its first 
awards in 2002.
    B. Priorities: Through the CDFI 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 rural and 
urban low-income people, and communities across the nation that lack 
adequate access to

[[Page 10220]]

affordable financial products and services.
    C. Authorizing Statutes and Regulations: The CDFI Program is 
authorized by the Riegle Community Development Banking and Financial 
Institutions Act of 1994 (Pub. L. 103-325, 12 U.S.C. 4701 et seq.) 
(Authorizing Statute). The regulations governing the CDFI Program are 
found at 12 CFR parts 1805 and 1815 (the Regulations) and set forth 
evaluation criteria and other program requirements. The CDFI Fund 
encourages Applicants to review the Regulations; this NOFA; the CDFI 
Program Application for Financial Assistance or Technical Assistance 
(the Application); all related materials and guidance documents found 
on the CDFI Fund's website (Application Materials); and the Uniform 
Administrative Requirements, Cost Principles, and Audit Requirements 
for Federal Awards (2 CFR part 1000), which is the Department of the 
Treasury's codification of the Office of Management and Budget (OMB) 
government-wide framework for grants management at 2 CFR part 200 (the 
Uniform Requirements) for a complete understanding of the program. 
Capitalized terms in this NOFA are defined in the Authorizing Statute, 
the Regulations, this NOFA, the Application, Application Materials, or 
the Uniform Requirements. Details regarding Application content 
requirements are found in the Application and Application Materials.
    D. Uniform Administrative Requirements, Cost Principles, and Audit 
Requirements for Federal Awards (2 CFR part 1000): The Uniform 
Requirements codify financial, administrative, procurement, and program 
management standards that Federal award agencies must follow. When 
evaluating 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.

II. Federal Award Information

    A. Funding Availability:
    1. FY 2020 Funding Round: The CDFI Fund expects to award, through 
this NOFA, approximately $184 million as indicated in the following 
table:

                                               Table 2--FY 2020 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      awarded in
                                                            (millions)        Minimum         Maximum          2020           FY 2020         FY 2019
--------------------------------------------------------------------------------------------------------------------------------------------------------
Base-FA: Category I/Small and/or Emerging CDFI                       $30        $350,000        $700,000              75        $400,000        $275,000
 Assistance (SECA)......................................
Base-FA: Category II/Core...............................           105.9         500,000       1,000,000             175         605,000         590,000
Persistent Poverty Counties--Financial Assistance (PPC-             18.1         100,000         300,000             120         150,000         146,000
 FA)....................................................
Disability Funds--Financial Assistance (DF-FA) *........               3         100,000         500,000              16         187,000         187,000
TA......................................................               5          10,000         125,000              42         114,000         121,000
Healthy Food Financing Initiative--Financial Assistance               22         500,000       5,000,000              14       1,600,000       1,571,000
 (HFFI-FA) *............................................
                                                         -----------------------------------------------------------------------------------------------
    Total...............................................             184  ..............  ..............             365  ..............  ..............
--------------------------------------------------------------------------------------------------------------------------------------------------------
* 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 2020 Funding Round: As of the 
date of this NOFA, the CDFI Fund is operating under the Consolidated 
Appropriations Act, 2020 (Pub. L. 116-93).
    3. Anticipated Start Date and Period of Performance: The Period of 
Performance for TA grants begins with the date of the award 
announcement and includes either (i) an Emerging CDFI Recipient's three 
full consecutive fiscal years after the date of the award announcement, 
or (ii) a Certified CDFI Recipient's two full consecutive fiscal years 
after the date of the award announcement, during which the Recipient 
must meet the Performance Goals and Measures (PG&Ms) 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 award 
announcement, during which time the Recipient must meet the PG&Ms set 
forth in the Assistance Agreement.
    B. Types of Awards: Through the CDFI Program, the CDFI Fund 
provides two types of awards: Financial Assistance (FA) and Technical 
Assistance (TA) awards. An Applicant may submit an Application for a TA 
grant or an FA award under the CDFI Program, but not both. FA Awards 
include the Base Financial Assistance (Base-FA) award and the following 
awards that are provided as a supplement to the Base-FA award: Healthy 
Food Financing Initiative-Financial Assistance (HFFI-FA), Persistent 
Poverty Counties-Financial Assistance (PPC-FA), and Disability Funds-
Financial Assistance (DF-FA). The HFFI-FA, PPC-FA, and DF-FA 
Applications will be evaluated independently from the Base-FA 
Application, and will not affect the Base-FA Application evaluation or 
Base-FA award amount.
    However, Applicants that qualify for the NACA Program may submit 
two Applications: One Application--either for a TA grant or an FA 
award, but not both--through the CDFI Program, and

[[Page 10221]]

one Application--either for a TA grant or an FA award, but not both--
through the NACA Program. NACA qualified Applicants that choose to 
apply for awards through both the CDFI Program and the NACA Program may 
either apply for the same type of award under each Program or for a 
different type of award under each Program. NACA qualified FA 
Applicants that choose to apply for an FA award under both the NACA 
Program and CDFI Program and are selected for an award under both 
Programs will be provided the FA award under the CDFI Program. NACA 
qualified TA Applicants that choose to apply for a TA award under both 
the NACA Program and CDFI Program and are selected for an award under 
both Programs will be provided the TA award under the NACA Program. 
NACA qualified Applicants that choose to apply for a TA award and a FA 
award under separate programs will be provided the larger of the two 
awards. NACA Applicants cannot receive an award under both Programs 
within the same funding round.
    Category II (Core) FA Applicants applying for Base-FA, PPC-FA, and/
or DF-FA must provide evidence of acceptable matching funds. The 
matching funds requirement for HFFI-FA and SECA FA Applicants is waived 
in the enacted FY 2020 Consolidated Appropriations Act. Therefore, 
HFFI-FA and SECA FA Applicants are not required to submit matching 
funds for their award requests. TA Applicants are not required to 
provide matching funds.
    1. Base-FA Awards: Base-FA awards can be in the form of loans, 
grants, Equity Investments, deposits and credit union shares. The form 
of the Base-FA award is based on the form of the matching funds that 
the Applicant includes in its Application, unless Congress waived the 
matching funds requirement. The matching funds requirement was waived 
for SECA FA Applicants and therefore the Base-FA award will be in the 
form of a grant for SECA FA Applicants. Matching funds are required for 
Category II (Core) Applicants applying for Base-FA awards, and 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 Base-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 Base-FA 
awards; therefore, only those Applicants that are selected to receive a 
Base-FA award through the CDFI Program FY 2020 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 waived 
the matching funds requirement. The matching funds requirement was 
waived for SECA FA Applicants and therefore the PPC-FA award will be in 
the form of a grant for SECA FA Applicants. Matching funds are required 
for Category II (Core) Applicants applying for PPC-FA awards, and 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.
    3. Disability Funds--Financial Assistance (DF-FA) Awards: DF-FA 
awards will be provided as a supplement to Base-FA awards; therefore, 
only those Applicants that have been selected to receive a Base-FA 
award through the CDFI Program FY 2020 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 waived the 
matching funds requirement. The matching funds requirement was waived 
for SECA FA Applicants and therefore the DF-FA award will be in the 
form of a grant for SECA FA Applicants. Matching funds are required for 
Category II (Core) Applicants applying for DF-FA awards, and 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.
    4. Healthy Food Financing Initiative--Financial Assistance (HFFI-
FA) Awards: HFFI-FA awards will be provided as a supplement to Base-FA 
awards; therefore, only those Applicants that have been selected to 
receive a Base-FA award through the CDFI Program FY 2020 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 waived the matching funds requirement. The matching funds 
requirement was waived for HFFI-FA Applicants and therefore the HFFI-FA 
awards will be in the form of a grant. 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.
    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 that 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: Base-FA, PPC-FA, DF-FA, and HFFI-FA award funds may 
be expended for activities serving Commercial Real Estate, Small 
Business, Microenterprise, Community Facilities, Consumer Financial 
Products, Consumer Financial Services, Commercial Financial Products, 
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. The FA budget is 
the amount of the award and must be expended in the five eligible 
activity categories prior to the end of the Period of Performance. 
Base-FA Recipients must meet PG&Ms, 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 in an Eligible Market(s) and/or 
in the Applicant's approved Target Market and/or Increase Volume of 
Financial Services in an Eligible Market(s) and/or in the Applicant's 
approved Target Market; (ii) Serve Eligible Market(s) or the 
Applicant's approved Target Market in New Geographic Area or Areas; 
(iii) Provide New Financial Products in an Eligible Market(s) and/or in 
the Applicant's approved Target Market, Provide New Financial Services 
in an

[[Page 10222]]

Eligible Market(s) and/or in the Applicant's approved Target Market, or 
Provide New Development Services in an Eligible Market(s) and/or in the 
Applicant's approved Target Market; and (iv) Serve New Targeted 
Population or Populations. FA awards may only be used for Direct Costs 
associated with an eligible activity; no indirect expenses are allowed. 
Up to 15% of the FA award may 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 below:
---------------------------------------------------------------------------

    \1\ Regulated Institutions include Insured Credit Unions, 
Insured Depository Institutions, State-Insured Credit Unions and 
Bank Holding Companies.

                    Table 3--Base-FA, PPC-FA, DF-FA, and HFFI-FA Eligible Activity Categories
----------------------------------------------------------------------------------------------------------------
                                                                                       Eligible CDFI institution
          FA eligible activity                 FA eligible activity definition *                 types
----------------------------------------------------------------------------------------------------------------
i. Financial Products...................  FA expended as loans, Equity Investments    All.
                                           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, loan
                                           refinancing, or any type of financing for
                                           prepared food outlets are not eligible
                                           activities.
ii. Financial Services..................  FA expended for providing checking,         Regulated Institutions \1\
                                           savings accounts, check cashing, money      only.
                                           orders, certified checks, automated
                                           teller machines, deposit taking, safe
                                           deposit box services, and other similar
                                           services.
                                                                                      Not applicable for HFFI-FA
                                                                                       Recipients.
iii. Loan Loss Reserves.................  FA set aside in the form of cash reserves,  All.
                                           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 activities undertaken by a  All.
                                           CDFI, its Affiliate or contractor that
                                           (i) promote community development and
                                           (ii) 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;
                                           business planning; and management
                                           assistance.
v. Capital Reserves.....................  FA set aside as reserves to support the     Regulated Institutions
                                           Applicant's ability to leverage other       only. Not applicable for
                                           capital, for such purposes as increasing    DF-FA.
                                           its net assets or providing financing, or
                                           for related purposes as the CDFI Fund
                                           deems appropriate.
----------------------------------------------------------------------------------------------------------------
* All FA eligible activities must be in an Eligible Market or the Applicant's approved Target Market. 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, African American, Hispanic, Native American, Native Hawaiians residing
  in Hawaii, Alaska Natives residing in Alaska, or Other Pacific Islanders residing in American Samoa, Guam or
  the Northern Mariana Islands.

    2. DF-FA Award: DF-FA award funds may 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, where the majority of the DF-FA supported 
loans or investments benefit individuals with disabilities, in an 
amount equal to or greater than 85% of the total DF-FA provided. 
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 may be expended for the following 
eight eligible activity categories: (i) Compensation--Personal 
Services; (ii) Compensation--Fringe Benefits; (iii) Professional 
Service Costs; (iv) Travel Costs; (v) Training and Education Costs; 
(vi) Equipment; (vii) Supplies; and (viii) Incorporation Costs. The TA 
budget is the amount of the award and must be expended in the eight 
eligible activity categories before the end of the Period of 
Performance. None of the eligible activity categories will be 
authorized for indirect costs or an associated indirect cost rate. Any 
expenses that are prohibited by the Uniform Requirements are 
unallowable and are generally found in Subpart E-Cost Principles. 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 eight eligible activity categories are 
defined below:

[[Page 10223]]



   Table 4--TA Eligible Activity Categories, Subject to the Applicable
                 Provisions of the Uniform Requirements
------------------------------------------------------------------------
 
------------------------------------------------------------------------
(i) Compensation--Personal          TA paid to cover all remuneration,
 Services.                           paid currently or accrued, for
                                     services of Applicant's employees
                                     rendered during the Period of
                                     Performance under the TA grant in
                                     accordance with section 200.430 of
                                     the Uniform Requirements.
                                    Any work performed directly but
                                     unrelated to the purposes of the TA
                                     grant may not 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 allowances and
                                     services provided by the Applicant
                                     to its employees as compensation in
                                     addition to regular salaries and
                                     wages, in accordance with section
                                     200.431 of the Uniform
                                     Requirements. Such expenditures are
                                     allowable as long as they are made
                                     under formally established and
                                     consistently applied organizational
                                     policies of the Applicant.
(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
                                     Applicant, in accordance with
                                     section 200.459 of the Uniform
                                     Requirements. 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 costs of
                                     transportation, lodging,
                                     subsistence, and related items
                                     incurred by the Applicant's
                                     personnel who are on travel status
                                     on business related to the TA
                                     award, in accordance with section
                                     200.474 of the Uniform
                                     Requirements. Travel costs do not
                                     include costs incurred by the
                                     Applicant's consultants who are on
                                     travel status. 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 by the
                                     Applicant for employees'
                                     development in accordance with
                                     section 200.472 of the Uniform
                                     Requirements. TA can only be used
                                     to pay for training costs incurred
                                     by the Applicant's employees.
                                     Training and education costs may
                                     not be incurred by the Applicant's
                                     consultants.
(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, in accordance with section
                                     200.33 of the Uniform Requirements.
                                     For example, items such as office
                                     furnishings and information
                                     technology systems are allowable as
                                     Equipment costs. The Applicant 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, in accordance with section
                                     200.94 of the Uniform Requirements.
                                     For example, a desktop computer
                                     costing $1,000 is allowable as a
                                     Supply cost. The Applicant 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) Incorporation Costs          TA used to pay for incorporation
 (Sponsoring Entities only).         fees in connection with the
                                     establishment or reorganization of
                                     an organization as a CDFI, in
                                     accordance with section 200.455 of
                                     the Uniform Requirements.
                                     Incorporation Costs are allowable
                                     for NACA Program Sponsoring Entity
                                     Applicants only.
------------------------------------------------------------------------

    4. HFFI-FA Award: HFFI-FA award funds may 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 approved Target 
Market in an amount equal to or greater than 100% 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 choices, 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 approved Target Market in an amount equal to 75% 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.
    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.
    Food Deserts. Distressed geographic areas where either a 
substantial number 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

[[Page 10224]]

family income less than or equal to 120% 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 may only be expended for 
eligible FA activities referenced in Table 3. The PPC-FA Recipient must 
close Financial Products in PPC in an Eligible Market or in the 
Applicant's approved Target Market in an amount equal to or greater 
than 100% 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/PPC%20updated%20Feb.2020.xlsx.

III. Eligibility Information

    A. Eligible Applicants: For the purposes of this NOFA, the 
following tables set forth the eligibility criteria 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.
Emerging CDFI (TA Applicants).....   A non-Certified entity that
                                     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) must comply with
                                     CDFI certification PG&M(s) stated
                                     in its prior Assistance
                                     Agreement(s).
                                     An Emerging CDFI selected
                                     to receive a TA grant will be
                                     required to become a Certified CDFI
                                     by a date specified in the
                                     Assistance Agreement.
------------------------------------------------------------------------


           Table 6--Eligibility Requirements for All Applicants
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Applicant.........................   Only the entity that will
                                     carry out the proposed award
                                     activities may apply for an award
                                     (other than Bank Holding Companies--
                                     see below). Recipients may not
                                     create a new legal entity to carry
                                     out the proposed award activities.
                                     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 Bank
                                     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 undergo a two-
                                     step process that requires the
                                     submission of Application documents
                                     by two separate deadlines in two
                                     different locations: (1) The SF-424
                                     in Grants.gov and (2) all other
                                     Required Application Documents in
                                     AMIS.
                                     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 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 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 submission deadline.
                                    [cir] The SF-424 must be submitted
                                     under the CDFI Program Funding
                                     Opportunity Number for the CDFI
                                     Program Application. CDFI Program
                                     Applicants should be careful to not
                                     select the NACA Program Funding
                                     Opportunity Number when submitting
                                     their SF-424 for the CDFI Program.
                                     CDFI Program Applicants that submit
                                     their SF-424 for the CDFI Program
                                     Application under the NACA Program
                                     Funding Opportunity Number will be
                                     deemed ineligible for the CDFI
                                     Program Application.
                                    [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 Documents listed in
                                     Table 10:
                                    [cir] AMIS is an enterprise-wide
                                     information technology system.
                                     Applicants will use AMIS to submit
                                     and store organization and
                                     Application information with the
                                     CDFI Fund.
                                    [cir] Applicants are only allowed
                                     one CDFI Program Application
                                     submission in AMIS.
                                    [cir] Each Application in AMIS must
                                     be signed by an Authorized
                                     Representative.

[[Page 10225]]

 
                                    [cir] Applicants must ensure that
                                     the Authorized Representative is an
                                     employee or officer of the
                                     Applicant, authorized to sign legal
                                     documents on behalf of the
                                     organization. Consultants working
                                     on behalf of the organization may
                                     not be designated as Authorized
                                     Representatives.
                                    [cir] Only the Authorized
                                     Representative or Application Point
                                     of Contact, included in the
                                     Application, may submit the
                                     Application in AMIS.
                                    [cir] All Required Application
                                     Documents must be submitted in AMIS
                                     on or before the deadline specified
                                     in Tables 1 and 12.
                                    [cir] The CDFI Fund will not extend
                                     the deadline for any Applicant
                                     except in the case of a Federal
                                     government administrative or
                                     technological error that directly
                                     resulted in the late submission of
                                     the Application in AMIS.
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.
                                     The EIN in the Applicant's
                                     AMIS account must match the EIN in
                                     the Applicant's Grants.gov and
                                     System for Award Management (SAM)
                                     accounts. The CDFI Fund will reject
                                     an Application if the EIN in the
                                     Applicant's AMIS account does not
                                     match the EIN in its Grants.gov and
                                     SAM accounts.
                                     Applicants must enter their
                                     EIN into their AMIS profile on or
                                     before the deadline specified in
                                     Tables 1 and 12.
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.
                                     The DUNS number in the
                                     Applicant's AMIS account must match
                                     the DUNS number in the Applicant's
                                     Grants.gov and SAM accounts. The
                                     CDFI Fund will reject an
                                     Application if the DUNS number in
                                     the Applicant's AMIS account does
                                     not match the DUNS number in its
                                     Grants.gov and SAM accounts.
                                     Applicants must enter their
                                     DUNS number into their AMIS profile
                                     on or before the deadline specified
                                     in Tables 1 and 12.
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 in order to
                                     submit an SF-424 in Grants.gov.
                                     The CDFI Fund reserves the
                                     right to deem an Application
                                     ineligible if the Applicant's SAM
                                     account expires during the
                                     Application evaluation period, or
                                     is set to expire before September
                                     30, 2020, and the Applicant does
                                     not re-activate, or renew, as
                                     applicable, the account within the
                                     deadlines that the CDFI Fund
                                     communicates to affected Applicants
                                     during the Application evaluation
                                     period.
AMIS Account......................   Each Applicant must
                                     register as an organization in AMIS
                                     and submit all Required Application
                                     Documents listed in Table 10
                                     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 2020 CDFI
                                     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
                                     and/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 to receive 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,
                                     including 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.
Bank Holding Company Applicant....   In the case where a CDFI
                                     Bank 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 Bank
                                     Holding Company and reflect the
                                     activities and financial
                                     performance of the Subsidiary CDFI
                                     Insured Depository Institution.
                                     Authorized representatives
                                     of both the Bank 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.
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)).
                                     With the exception of Bank
                                     Holding Company Applicants, awards
                                     may not 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, unless done pursuant to
                                     a merger or acquisition or similar
                                     transaction, and with the CDFI
                                     Fund's prior written consent. 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 Applicant
                                     that does not include this amount
                                     will not be allowed to submit an
                                     Application.

[[Page 10226]]

 
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 or default 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 or found in
                                     default 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 loan from the CDFI
                                     Fund within five years of the
                                     Application deadline.
------------------------------------------------------------------------


           Table 7--Eligibility Requirements for TA Applicants
------------------------------------------------------------------------
 
------------------------------------------------------------------------
CDFI certification status.........  (1) Emerging CDFIs (see definition
                                     in Table 5), or
                                    (2) Certified CDFIs (see Table 5)
                                     that meet the following SECA
                                     Applicant criteria:
                                    (1) Have total assets as of the end
                                     of the Applicant's most recent
                                     fiscal year end date (as stated in
                                     the Applicant's AMIS account and
                                     verified by internally prepared
                                     financial statements and/or audits)
                                     in the following amounts:
                                     Insured Depository
                                     Institutions and Bank Holding
                                     Companies: Up to $250 million;
                                     Insured Credit Unions and
                                     State-Insured Credit Unions: Up to
                                     $100 million;
                                     Venture Capital Funds: \2\
                                     up to $5 million;
                                     Other CDFIs: Up to $5
                                     million; OR
                                    (2) Have begun operations (as
                                     indicated by the financing activity
                                     start date field in the Applicant's
                                     AMIS account) on or after January
                                     1, 2016.
Matching funds....................   Matching funds
                                     documentation is not required for
                                     TA awards.
Limitation on Awards..............   An Emerging CDFI may not
                                     receive more than three TA awards
                                     as an uncertified CDFI.
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 in the NACA
                                     Program, Applicants may not propose
                                     to use a TA award to create a
                                     separate legal entity to become a
                                     certified CDFI or otherwise carry
                                     out the TA award activities.
Regulated Institution.............   Each Regulated Institution
                                     TA Applicant must have a CAMELS/
                                     CAMEL rating (rating for banks and
                                     credit unions, respectively) or
                                     equivalent type of rating by its
                                     regulator (collectively referred to
                                     as ``CAMELS/CAMEL rating'') of at
                                     least ``4''.
                                     TA Applicants with CAMELS/
                                     CAMEL ratings of ``5'' will not be
                                     eligible for awards.
                                     The CDFI Fund will also
                                     evaluate material concerns
                                     identified by the Appropriate
                                     Federal Banking Agency in
                                     determining the eligibility of
                                     Regulated Institution Applicants.
------------------------------------------------------------------------
\2\ A Venture Capital Fund is an organization that predominantly invests
  funds in businesses, typically in the form of either Equity
  Investments or subordinated debt with equity features such as a
  revenue participation or warrants, and generally seeks to participate
  in the upside returns of such businesses in an effort to at least
  partially offset the risk of its investments.


           Table 8--Eligibility Requirements for FA Applicants
------------------------------------------------------------------------
 
------------------------------------------------------------------------
CDFI certification status.........   Each FA Applicant must be a
                                     Certified CDFI prior to the date of
                                     the release of this NOFA.
                                     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.
                                     If a Certified CDFI loses
                                     its certification at any point
                                     prior to the award announcement,
                                     the Application will no longer be
                                     considered by the CDFI Fund.
Matching funds documentation......   Applicants must submit
                                     acceptable documentation attesting
                                     that they have received or will
                                     receive matching funds. Applicants
                                     that do not complete the Matching
                                     Funds section in the FA Application
                                     in AMIS, documenting the source(s)
                                     of their matching funds, will not
                                     be evaluated. The matching funds
                                     requirements for HFFI-FA and SECA
                                     FA Applicants were waived in the
                                     final FY 2020 appropriations.
                                     Therefore, HFFI-FA and SECA FA
                                     Applicants are not required to
                                     submit matching funds
                                     documentation.
                                     Unless Congress waived the
                                     matching funds requirement,
                                     Applicants must document their
                                     matching funds in the Matching
                                     Funds section in the FA Application
                                     in AMIS. Matching funds information
                                     provided in another format will not
                                     be considered.
                                     Unless Congress waived the
                                     matching funds requirement, 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. See Table 9 for the
                                     definitions of Committed and In-
                                     Hand.
                                     Unless Congress waived the
                                     matching funds requirement, 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.
                                     Unless Congress waived the
                                     matching funds requirement, 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% of their matching funds are In-
                                     Hand.
                                     Unless Congress waived the
                                     matching funds requirement, 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 10227]]

 
$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 from the
                                     announcement date.
                                     For TA Applicants, for
                                     purposes of this NOFA and per final
                                     FY 2020 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 2018, and 2019 funding
                                     rounds, as well as the requested FY
                                     2020 award, excluding DF-FA and
                                     HFFI-FA awards.
                                     For FA Applicants, for
                                     purposes of this NOFA and per final
                                     FY 2020 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 2018 and 2019 funding
                                     rounds, as well as the requested FY
                                     2020 award, excluding DF-FA and
                                     HFFI-FA awards.
FA Category I (SECA)..............   To be an eligible SECA
                                     Applicant, an Applicant must meet
                                     the following criteria:
                                    (1) Be a Certified CDFI;
                                    (2) Request $700,000 or less in Base-
                                     FA funds;
                                    (3) Have a total portfolio
                                     outstanding of at least $466,700 as
                                     of the most recent fiscal year end
                                     audit. AND EITHER
                                    (4) Have total assets as of the end
                                     of the Applicant's most recent
                                     fiscal year end date (as stated in
                                     the Applicant's AMIS account and
                                     verified by internally prepared
                                     financial statements and/or audits)
                                     in the following amounts:
                                     Insured Depository
                                     Institutions and Bank Holding
                                     Companies: Up to $250 million;
                                     Insured Credit Unions and
                                     State-Insured Credit Unions: Up to
                                     $100 million;
                                     Venture Capital Funds: Up
                                     to $5 million;
                                     Other CDFIs: Up to $5
                                     million; OR
                                     Have begun operations (as
                                     indicated by the financing activity
                                     start date field in the Applicant's
                                     AMIS account) on or after January
                                     1, 2016.
FA Category II (Core).............   A Core Applicant must be a
                                     Certified CDFI as defined in Table
                                     5.
                                     A Core Applicant must have
                                     a total portfolio outstanding of at
                                     least $1,666,700 as of the most
                                     recent fiscal year end audit.
                                     An Applicant that meets the
                                     SECA requirements stated above, and
                                     that requests more than $700,000 in
                                     Base-FA award funds is categorized
                                     as an FA Category II (Core)
                                     Applicant, regardless of its total
                                     assets and/or years in operation.
FA Applicants with Community         A CDFI Applicant can apply
 Partners.                           for assistance jointly with a
                                     Community Partner. The CDFI
                                     Applicant must complete the CDFI
                                     Program Application and address the
                                     Community Partnership in its
                                     business plan and other sections of
                                     the Application as specified in the
                                     Application Materials.
                                     The CDFI Applicant must be
                                     a Certified CDFI as defined in
                                     Table 5.
                                     An Application with a
                                     Community Partner must:
                                    [cir] Describe how the CDFI
                                     Applicant and Community Partner
                                     will each participate in the
                                     partnership and how the partnership
                                     will enhance eligible activities
                                     serving the Investment Area and/or
                                     Targeted Population.
                                    [cir] Demonstrate that the Community
                                     Partnership activities are
                                     consistent with the strategic plan
                                     submitted by the CDFI Applicant.
                                     Assistance provided upon
                                     approval of an Application with a
                                     Community Partner shall only be
                                     entrusted to the CDFI Applicant and
                                     shall not be used to fund any
                                     activity carried out directly by
                                     the Community Partner or an
                                     Affiliate or Subsidiary thereof.
Regulated Institution.............   Each Regulated Institution
                                     FA Applicant must have a CAMELS/
                                     CAMEL rating (rating for banks and
                                     credit unions, respectively) or
                                     equivalent type of rating by its
                                     regulator (collectively referred to
                                     as ``CAMELS/CAMEL rating'') of at
                                     least ``3''.
                                     FA Applicants with CAMELS/
                                     CAMEL ratings of ``4 or 5'' will
                                     not be eligible for awards.
                                     The CDFI Fund will also
                                     evaluate material concerns
                                     identified by the appropriate
                                     regulator in determining
                                     eligibility of Regulated
                                     Applicants.
PPC-FA............................   All PPC-FA Applicants must:
                                    [cir] Submit a CDFI or NACA Program
                                     FA Application;
                                    [cir] Meet all 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 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 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 a Base-FA, PPC-
FA, or DF-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 as part of the 
Application, unless Congress waived the matching funds requirement. The 
matching funds requirement for HFFI-FA and SECA FA Applicants was 
waived in the final FY 2020 appropriations. Therefore, HFFI-FA and SECA 
FA Applicants are not required to submit matching funds for their award 
requests. An Applicant that represents that it has Equity Investments 
and/or deposits matching funds In-Hand at the

[[Page 10228]]

time of Application submission must provide documentation of such as 
part of the Application. An Applicant that uses retained earnings as 
matching funds must provide supporting documentation of In-Hand and/or 
Committed matching funds at the time of Application submission. The 
CDFI Fund will review matching funds information, attestations, and 
supporting matching funds documentation, if applicable, prior to award 
payment and will disburse funds based upon eligible In-Hand matching 
funds. The CDFI Fund encourages Applicants to review the Regulations, 
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 for Category II (Core) FA Applicants 
applying for Base-FA, PPC-FA, and DF-FA. The matching funds requirement 
for HFFI-FA and SECA FA Applicants were waived in the final FY 2020 
appropriations. 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.
                                     Unless Congress waived the
                                     matching funds requirement,
                                     Applicants must provide information
                                     on their In-Hand matching funds in
                                     the Matching Funds section of the
                                     FA Application in AMIS (refer to
                                     Table 10--Required Application
                                     Documents) at the time of
                                     Application submission.
                                     Although Applicants are not
                                     required to provide further
                                     documentation for In-Hand matching
                                     funds at the time of Application
                                     submission, (other than supporting
                                     documentation for retained
                                     earnings, deposits, and Equity
                                     Investments, which must be provided
                                     at the time of Application
                                     submission), 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:
                                     Category II/Core FA
                                     Applicants applying for Base-FA,
                                     PPC-FA, and DF-FA
                                    TA Applicants are not required to
                                     provide matching funds.
                                    The matching funds requirement for
                                     HFFI-FA and SECA FA Applicants was
                                     waived in the final FY 2020
                                     appropriations. Therefore, HFFI-FA
                                     and SECA FA Applicants are not
                                     required to provide matching funds.
Amount of required match..........  Unless waived by Congress,
                                     Applicants must provide evidence of
                                     eligible, In-Hand, dollar-for-
                                     dollar, non-Federal matching funds
                                     for every Base-FA, PPC-FA, and DF-
                                     FA award dollar to be paid by the
                                     CDFI Fund. If awarded, Applicants
                                     that do not demonstrate 100% In-
                                     Hand matching funds at the time of
                                     Application submission may
                                     experience a longer payment
                                     timeline.
Determination of award form.......  Unless waived by Congress, Base-FA,
                                     PPC-FA, and DF-FA awards will be
                                     made in comparable form and value
                                     to the eligible In-Hand and/or
                                     Committed matching funds submitted
                                     by the Applicant.
                                     For example, if an
                                     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.
                                     The CDFI Fund will not
                                     permit a Recipient to change the
                                     form of award from loan to grant.
Matching Funds Window definition..   The Applicant must receive
                                     eligible In-Hand matching funds
                                     between January 1, 2018 and January
                                     15, 2021.
                                     A Recipient must provide
                                     the CDFI Fund with all
                                     documentation demonstrating the
                                     receipt of In-Hand matching funds
                                     by January 31, 2021.
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
                                     requested 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 that
                                     the matching funds will be
                                     disbursed to the Applicant at a
                                     future date.
                                     The Application must
                                     provide information on their
                                     Committed matching funds in the
                                     Matching Funds section of the FA
                                     Application in AMIS (refer to Table
                                     10--Required Application Documents)
                                     at the time of Application
                                     submission.
                                     Although the Applicant is
                                     not required to provide further
                                     documentation for Committed
                                     matching funds at the time of
                                     Application submission (other than
                                     supporting documentation for
                                     retained earnings, deposits, Equity
                                     Investments, and credit union
                                     shares, which must be provided at
                                     the time of Application
                                     submission), it 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.

[[Page 10229]]

 
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 Base-
                                     FA, PPC-FA, and/or DF-FA award
                                     under the CDFI Program, NACA
                                     Program, or under another Federal
                                     grant or award program.
                                     Matching funds must comply
                                     with the Regulations.
                                     Matching funds must be
                                     attributable to at least one of the
                                     five eligible FA activities (see
                                     Section II (C) of this NOFA).
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.
                                     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 a Base-FA, PPC-FA, and/or DF-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 obtained during the
                                     Matching Funds Window totaling its
                                     award amount.
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. The
                                     value of goods and services must
                                     directly benefit the eligible FA
                                     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
                                     pursuant to the Uniform
                                     Requirements.
Matching funds in the form of a      A Base-FA, PPC-FA, or DF-FA
 loan.                               award made in the 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 1.70%,
                                     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:
                                    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.
Matching funds in the form of        The CDFI Fund reserves the
 Equity Investments.                 right, in its sole discretion, to
                                     perform its own valuation of Equity
                                     Investment source(s) and to
                                     determine if the equity value is
                                     acceptable to the CDFI Fund.
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 provide a Severe
                                     Constraints Waiver, which permits
                                     such Applicant to comply with the
                                     matching funds requirements by
                                     reducing such requirements by up to
                                     50%.
                                     In order to be considered
                                     eligible for a Severe Constraints
                                     Waiver, an Applicant must meet all
                                     of the SECA eligibility criteria
                                     described in Table 8. Instructions
                                     for requesting a Severe Constraints
                                     Waiver will be made available if
                                     required.
                                     No more than 25% of the
                                     total funds available for
                                     obligation under this funding round
                                     may qualify for a Severe
                                     Constraints Waiver.
Ineligible matching funds.........   Applicants will not be
                                     given the opportunity to correct or
                                     amend the matching funds
                                     information included in the FA
                                     Application after Application
                                     submission if the CDFI Fund
                                     determines that any portion of the
                                     Applicant's matching funds is
                                     ineligible.
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 in the form of a grant.
                                     Bank Holding Company
                                     Applicants must provide call
                                     reports for the Bank Holding
                                     Company in order to verify their
                                     retained earnings, even if the
                                     requested FA award (including Base-
                                     FA, PPC-FA, and DF-FA) will support
                                     its Subsidiary CDFI Insured
                                     Depository Institution.
Special rule for Regulated           A Regulated Institution's
 Institutions.                       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

[[Page 10230]]

 
                                    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 or State-
                                     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 (1) will be
                                     measured on a quarterly basis from
                                     March 31, 2020; (2) must occur by
                                     the end of Year 1 of the
                                     Recipient's Performance Period, as
                                     set forth in its Assistance
                                     Agreement; and (3) will be based on
                                     amounts reported in the Applicant's
                                     National Credit Union
                                     Administration (NCUA) form 5300
                                     Call Report, or equivalent.
                                     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 or
                                     equivalent that it has increased
                                     shares and/or total loans
                                     outstanding by at least 25% of the
                                     requested FA award amount
                                     (including Base-FA, PPC-FA, and DF-
                                     FA) between December 31, 2018, and
                                     December 31, 2019.
                                     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 that are being used as
                                     matching funds.
                                     If option (iii) is used for
                                     Insured Depository Institutions or
                                     Bank Holding Companies, the
                                     Applicant or its Subsidiary CDFI
                                     Insured Depository Institution (in
                                     the case of a Bank Holding Company)
                                     must increase deposits and/or total
                                     loans outstanding by an amount
                                     equal to the amount of retained
                                     earnings committed as matching
                                     funds. Bank Holding Company
                                     Applicants must use the call
                                     reports of the Subsidiary CDFI
                                     Insured Depository Institution that
                                     the requested the FA award
                                     (including Base-FA, PPC-FA, and DF-
                                     FA) will support.
                                     This increase (1) will be
                                     measured on a quarterly basis from
                                     March 31, 2020; (2) must occur by
                                     the end of Year 1 of the
                                     Recipient's Performance Period, as
                                     set forth in its Assistance
                                     Agreement; and (3) will be based on
                                     amounts reported in the 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% of the
                                     requested FA award amount
                                     (including Base-FA, PPC-FA, and DF-
                                     FA) between December 31, 2018, and
                                     December 31, 2019.
                                     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
                                     that are being used as matching
                                     funds.
                                     All regulated Applicants
                                     utilizing the option (iii) should
                                     refer to the Retained Earnings
                                     Guidance included in the Retained
                                     Earnings Calculator Excel Workbook
                                     found on the CDFI Fund's website.
------------------------------------------------------------------------
* The requirements set forth in Table 9 are applicable to Category II
  (Core) FA Applicants applying for Base-FA, PPC-FA, and DF-FA. The
  matching funds requirements for HFFI-FA and SECA FA Applicants were
  waived in the final FY 2020 appropriations, and therefore the
  requirements set forth in Table 9 are not applicable to HFFI-FA and
  SECA FA Applicants for the FY 2020 Funding Round.

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/cdfi. 
Applicants may request a paper version of any Application material by 
contacting the CDFI Fund Help Desk at [email protected]. Paper 
versions of Application Materials will only be provided if an Applicant 
cannot access the CDFI Fund's website.
    B. Content and Form of Application Submission: All Applications 
must be prepared using the English language, and calculations must be 
computed in U.S. dollars. The following table lists the Required 
Application Documents for the FY 2020 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. Financial data, portfolio, and activity 
information provided in the Application should only include the 
Applicant's activities. Information submitted must accurately reflect 
the Applicant's activities.

                Table 10--Required Application Documents
------------------------------------------------------------------------
      Application documents         Applicant type     Submission format
------------------------------------------------------------------------
Active AMIS Account.............  All Applicants....  AMIS.
SF-424..........................  All Applicants....  Fillable PDF in
                                                       Grants.gov.
CDFI Program Application          All Applicants....  AMIS.
 Components:.
     Funding Application                      ..................
     Detail.
     Data, Charts, and                        ..................
     Narrative sections as
     listed in AMIS and outlined
     in Application Materials.
     Matching Funds (FA                       ..................
     Core Applicants only).
PPC-FA Application Components:..  PPC-FA Applicants.  AMIS.
     Funding Application                      ..................
     Detail.
     Narratives.........                      ..................
     AMIS Charts........                      ..................
DF-FA Application Components:...  DF-FA Applicants..  AMIS.
     Funding Application                      ..................
     Detail.
     Narratives.........                      ..................

[[Page 10231]]

 
     AMIS Charts........                      ..................
HFFI-FA Application Components:.  HFFI-FA Applicants  AMIS.
     Funding Application                      ..................
     Detail.
     Narratives.........                      ..................
     AMIS charts........                      ..................
 
s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 for  FA Applicants:      PDF in AMIS.
 the Applicant's Three Most        Loan funds,
 Recent Historic Fiscal Years.     Venture Capital
                                   Funds, and other
                                   non-Regulated
                                   Institutions.
                                  TA Applicants, if   ..................
                                   available: Loan
                                   funds, Venture
                                   Capital Funds,
                                   and other non-
                                   Regulated
                                   Institutions.
Management Letter for the         FA Applicants:      PDF in AMIS
 Applicant's Most Recent           Loan funds,
 Historic Fiscal Year.             Venture Capital
                                   Funds, and other
                                   non-Regulated
                                   Institutions,
The Management Letter is          TA Applicants, if   ..................
 prepared by the Applicant's       audited financial
 auditor and is a communication    statements are
 on internal control over          available: Loan
 financial reporting,              funds, Venture
 compliance, and other matters.    Capital Funds,
 The Management Letter contains    and other non-
 the auditor's findings            Regulated
 regarding the Applicant's         Institutions.
 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:      PDF in AMIS.
 Management Letter for             Loan funds,
 Applicant's Most Recent           Venture Capital
 Historic Fiscal Year issued by    Funds, and other
 the Board Treasurer or other      non-Regulated
 Board member using the template   Institutions,.
 provided in the Application
 Materials (required only if
 Management Letters are not
 available for audited financial
 statements).
                                  TA Applicants, if   ..................
                                   audited financial
                                   statements ARE
                                   available but the
                                   Management
                                   Letters are NOT
                                   available: Loan
                                   funds, Venture
                                   Capital Funds,
                                   and other non-
                                   Regulated
                                   Institutions.
Unaudited financial statements    TA Applicants:      PDF in AMIS.
 for Applicant's Three Most        Loan funds,
 Recent Historic Years (required   Venture Capital
 only if audited financial         Funds, and other
 statements are not available).    non-Regulated
                                   Institutions.
Current Year to Date--December    FA and TA           PDF in AMIS.
 31, 2019 Unaudited financial      Applicants: Loan
 statements.                       funds, Venture
                                   Capital Funds,
                                   and other non-
                                   Regulated
                                   Institutions.
Community Partnership Agreement.  FA Applicants, if   PDF or Word
                                   applicable.         document in AMIS.
Retained Earnings Calculator      FA Core             Excel in AMIS.
 Excel Workbook (required only     Applicants, if
 if using retained earnings as     applicable.
 matching funds).
Call reports for each fiscal      FA Core             PDF in AMIS.
 year reported in the Retained     Applicants:
 Earnings Calculator.              Regulated
                                   Institutions that
                                   are using
                                   retained earnings
                                   as matching funds.
Equity Investment Matching Funds  FA Core             PDF or Word
 Documentation.                    Applicants: For-    document in AMIS.
                                   profit CDFIs that
                                   are using In-Hand
                                   Equity
                                   Investment(s) as
                                   matching funds.
Deposits Matching Funds           FA Core             PDF or Word
 Documentation.                    Applicants:         document in AMIS.
                                   Regulated
                                   Institutions that
                                   are using In-Hand
                                   Deposits as
                                   matching funds.
------------------------------------------------------------------------

    C. Application Submission: The CDFI Fund has a two-step process 
that requires the submission of Required Application Documents (listed 
in Table 10) on separate deadlines and locations. The SF-424 must be 
submitted through Grants.gov and all other Required 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 in writing by the CDFI Fund. Applicants are required to 
submit the OMB SF-424, Application for Federal Assistance form in 
Grants.gov. All other Required Application Documents (listed

[[Page 10232]]

in Table 10) will be submitted through AMIS. The deadline for 
submitting the SF-424 is listed in Tables 1 and 12.
    All Applicants must register in the Grants.gov system to 
successfully submit the SF-424. The Grants.gov registration process can 
take 45 days or longer to complete and the CDFI Fund strongly 
encourages Applicants to start the Grants.gov registration process as 
early 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. Further, as described in Section IV. 
(E) of this NOFA, new requirements for registration in the System for 
Awards Management (SAM), which is required as part of the Grants.gov 
registration process, may take more time than in recent years. The CDFI 
Fund will not extend the Application deadline for 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 must be signed by a designated Authorized 
Representative in AMIS before it can be submitted. Applicants must 
ensure that an Authorized Representative is an employee or officer and 
is authorized to sign legal documents on behalf of the Applicant. 
Consultants working on behalf of the Applicant may not 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: 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 may take one month or longer to 
complete. A signed notarized letter identifying the SAM authorized 
entity administrator for the entity associated with the DUNS number is 
required. This requirement is applicable to new entities registering in 
SAM, as well as to existing entities with registrations being updated 
or renewed in SAM. 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
------------------------------------------------------------------------
                                                            Estimated
             Step                       Agency           minimum time to
                                                            complete
------------------------------------------------------------------------
Obtain a DUNS number..........  Dun & Bradstreet......  One (1) Week *.
Obtain an EIN Number..........  Internal Revenue        Two (2) Weeks *.
                                 Service (IRS).
Register in SAM.gov...........  System for Award        Four(4) Weeks *.
                                 Management (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 2020 Funding Round.

                        Table 12--FY 2020 Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
             Description                       Deadline          Time eastern time (ET)     Submission method
----------------------------------------------------------------------------------------------------------------
Last day to create AMIS Account (all   March 23, 2020.........  11:59 p.m. ET..........  AMIS.
 Applicants).
Last day to enter EIN and DUNS         March 23, 2020.........  11:59 p.m. ET..........  AMIS.
 numbers in AMIS.
Last day to submit SF-424              March 23, 2020.........  11:59 p.m. ET..........  Electronically via
 (Application for Federal Assistance).                                                    Grants.gov.

[[Page 10233]]

 
Last day to contact CDFI Program       April 17, 2020.........  5:00 p.m. ET...........  Service Request via
 staff.                                                                                   AMIS Or CDFI Fund
                                                                                          Helpdesk: 202-653-
                                                                                          0421.
Last day to contact AMIS-IT Help Desk  April 21, 2020.........  5:00 p.m. ET...........  Service Request via
 (regarding AMIS technical problems                                                       AMIS Or 202-653-0422
 only).                                                                                   Or
                                                                                          [email protected].
Last day to submit CDFI Program        April 21, 2020.........  11:59 p.m. ET..........  Electronically via
 Application for FA or TA.                                                                AMIS.
----------------------------------------------------------------------------------------------------------------

    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 CDFI 
Program Funding Opportunity Number by the applicable deadline. All 
other Required Application Documents (listed in Table 10) must be 
submitted through the AMIS website by the applicable deadline. 
Applicants must submit the SF-424 prior to submitting the Application 
in AMIS. If the SF-424 is not successfully accepted by Grants.gov by 
the deadline, the CDFI Fund will not review the Application 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 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 Applicants to allow for 
sufficient time to review and complete all Required Application 
Documents listed in Table 10, 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 the Authorized Representative is an employee or officer and 
is authorized to sign legal documents on behalf of the Applicant. 
Consultants working on behalf of the Applicant may not be designated as 
Authorized Representatives. Only an Authorized Representative or an 
Application Point of Contact may submit an Application. If an 
Authorized Representative or Application Point of Contact does not 
submit the Application, the Application will be deemed ineligible. 
Applicants may only submit one Base-FA or TA Application under the CDFI 
Program. 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 SF-424 
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 Application 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 will not consider the 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 the late 
submission of the SF-424, the Applicant must submit a written request 
for acceptance of the 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 requests 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 the 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 
requests 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 CDFI Program with a 
subject line of ``Late Application Submission Request.''
    G. Funding Restrictions: Base-FA, PPC-FA, DF-FA, HFFI-FA and TA 
awards are limited by the following:
    1. Base-FA awards:
    a. A Recipient shall use Base-FA funds only for the eligible 
activities described in Section II. (C)(1) of this NOFA and its 
Assistance Agreement.
    b. With the exception of Bank Holding Company Applicants, Base-FA 
awards may not 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, unless done pursuant to a 
merger or acquisition or similar transaction, and with the CDFI Fund's 
prior written consent.

[[Page 10234]]

    c. Base-FA funds shall only be paid to the Recipient.
    d. The CDFI Fund, in its sole discretion, may pay Base-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. With the exception of Bank Holding Company Applicants, PPC-FA 
awards may not 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, unless done pursuant to a 
merger or acquisition or similar transaction, and with the CDFI Fund's 
prior written consent.
    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. With the exception of Bank Holding Company Applicants, DF-FA 
awards may not 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, unless done pursuant to a 
merger or acquisition or similar transaction, and with the CDFI Fund's 
prior written consent.
    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. With the exception of Bank Holding Company Applicants, HFFI-FA 
awards may not 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, unless done pursuant to a 
merger or acquisition or similar transaction, and with the CDFI Fund's 
prior written consent.
    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. With the exception of Bank Holding Company Applicants, TA awards 
may not 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, unless done pursuant to a merger 
or acquisition or similar transaction, and with the CDFI Fund's prior 
written consent.
    c. TA funds shall only be paid to the Recipient.
    d. 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.
    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.

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 
Base-FA, DF-FA, PPC-FA, HFFI-FA, and TA Applications in accordance with 
the process below. All internal and external reviewers will 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.
    1. Base-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 the 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 pursuant to Section III 
of this NOFA.
    b. Step 2: Financial Analysis and Compliance Risk Evaluation:
    i. Step 2: Financial Analysis: For Regulated Institutions, the CDFI 
Fund will consider financial safety and soundness information from the 
Appropriate Federal or State Banking Agency. As detailed in Table 8, 
each Regulated Institution FA Applicant must have a CAMELS/CAMEL rating 
of at least ``3'' and/or no significant materials concerns from its 
regulator.
    For non-regulated Applicants, the CDFI Fund will evaluate the 
financial health and viability of each non-regulated Applicant using 
financial information provided by the Applicant. For the Financial 
Analysis, each non-regulated Applicant 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-three (23) 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.
    ii. Step 2: Compliance Risk Evaluation: For the compliance 
analysis, the CDFI Fund will evaluate the compliance risk of each 
Applicant using information provided in the Application as well as an 
Applicant's reporting history, reporting capacity, and performance risk 
with respect to the CDFI Fund's PG&Ms. Each Applicant will receive a 
Total Compliance Composite Score on a scale of one (1) to

[[Page 10235]]

five (5), with one (1) being the highest rating. Applicants that 
receive an initial Total Compliance Composite Score of four (4) or five 
(5) will be re-evaluated by CDFI Fund Staff. If the Applicant is deemed 
a high compliance risk after CDFI Fund 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 their 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. 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 60% of the Core Applicant pool for Core Applicants or within the 
top 70% of the SECA Applicant pool for SECA Applicants, 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. Lastly, the CDFI Fund may consider 
the geographic diversity of Applicants when determining the Step 4 
Applicant pool.

     Table 13--Step 3: Base-FA Business Plan Review Scoring Criteria
------------------------------------------------------------------------
  Base-FA application sections   Possible score  Score needed to advance
------------------------------------------------------------------------
Executive Summary..............           (\1\)  N/A.
Business Strategy..............              12  N/A.
Market and Competitive Analysis               7  N/A.
Products and Services..........              12  N/A.
Management and Track Record....              12  N/A.
Growth and Projections.........               7  N/A.
                                ----------------------------------------
    Total Business Plan Score..              50  Core Applicants: Top
                                                  60% of all Core
                                                  Applicant Step 3
                                                  Scores SECA
                                                  Applicants: Top 70% of
                                                  all SECA Applicant
                                                  Step 3 Scores.
------------------------------------------------------------------------
\1\ Not scored.

    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. Each Applicant will be 
evaluated in each of the categories listed in Table 14 below, and will 
receive 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.
    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); ability to meet FA 
Objective(s) selected by Base-FA Applicants in their Applications; 
reports and findings from audits; and the Applicant's ability to 
effectively implement Federal requirements, each of which could impact 
the Total Policy Objective Review Score.

                            Table 14--Step 4: Base-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.
Community Collaboration.................  1, 2, 3, 4, or 5..........               1  N/A.
                                         -----------------------------------------------------------------------
    Total Policy Objective Review         1, 2, 3, 4, or 5..........               1  All Scores Advance.
     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 
other factors, 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. For Core FA Applicants, the award cannot exceed 30% of 
the Applicant's total portfolio outstanding as of the end of the 
Applicant's most recent fiscal year. For SECA FA Applicants, the award 
cannot exceed 75% of the Applicant's total portfolio outstanding as of 
the end of the Applicant's most recent fiscal year.
    2. Healthy Food Financing Initiative-FA (HFFI-FA) Application 
Scoring, Award Selection, Review, and Selection Process: A CDFI Fund 
internal reviewer will evaluate each HFFI-FA Application associated 
with a Base-FA Application that progresses to Step 4 of the FA 
Application review process. The reviewer will evaluate the Application 
sections listed in Table 15 and assign a Total HFFI- FA Score up to 60 
points. The CDFI Fund will make awards to the highest scoring 
Applicants first. All Applications will be reviewed in accordance with 
standard reviewer evaluation materials. Applicants that fail to receive 
a Base-FA award will not be considered for a HFFI-FA award.
    The CDFI Fund conducts additional levels of due diligence for 
Applications that are under consideration for an HFFI-FA award. 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 but not limited to, an 
Applicant's loan disbursement activity, total portfolio outstanding, or 
compliance with prior HFFI-FA awards. Lastly, the CDFI Fund may 
consider the geographic diversity of

[[Page 10236]]

Applicants when making its funding decisions.

          Table 15--Step 4 HFFI-FA Application Scoring Criteria
------------------------------------------------------------------------
                 Sections                          Possible score
------------------------------------------------------------------------
Target Market Profile.....................  10 points.
Healthy Food Financial Products...........  10 points.
Projected HFFI-FA Activities..............  15 points.
HFFI Track Record.........................  20 points.
Management Capacity for Providing Healthy   5 points.
 Food Financing.
                                           -----------------------------
    Total HFFI-FA Possible Score..........  60 points.
------------------------------------------------------------------------

    3. Persistent Poverty Counties--Financial Assistance (PPC-FA) 
Application Scoring, Award Selection, Review, and Selection Process: A 
CDFI Fund internal reviewer will evaluate the PPC-FA request of each 
associated Base-FA Application that progresses to Step 4 of the FA 
Application review process. PPC-FA requests are not scored. 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 factors, including but not limited to, an Applicant's 
overall portfolio size, historical track record of deployment in PPC, 
pipeline of projects in PPC, minimum award size, and funding 
availability. Applicants that fail to receive a Base-FA award will not 
be considered for a PPC-FA award.
    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 Base-FA Application that 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 three (3), 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 
a Base-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 factors, 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. The CDFI Fund will 
make awards to the highest scoring Applicants first.

           Table 16--Step 3 DF-FA Application Scoring Criteria
------------------------------------------------------------------------
              Section                  Possible scores      High score
------------------------------------------------------------------------
DF-FA Narrative Questions.........  1, 2, or 3..........               1
                                   -------------------------------------
    Total DF-FA Score.............  1, 2, or 3..........               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 of 
this NOFA. If the Application satisfies the eligibility criteria, the 
CDFI Fund will evaluate the TA Application. Emerging CDFI Applicants 
must receive a rating of Low Risk or Medium Risk in Section I of the TA 
Business Plan Review to progress to Section II of the TA Business Plan 
Review. Emerging CDFI Applicants that receive a rating of High Risk in 
Section I of the TA Business Plan Review will not be considered for an 
award. Emerging CDFI and Certified CDFI Applicants must receive a 
rating of Low Risk or Medium Risk in Section II of the TA Business Plan 
Review to be considered for an award. Applicants that receive a rating 
of High Risk in Section II of the TA Business Plan Review will not be 
considered for an award. 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 will be evaluated on the Applicant's demonstrated capability and 
plan to achieve CDFI certification within three years, or if a prior 
Recipient, the certification PG&M stated in its prior Assistance 
Agreement. An Applicant that is an Emerging CDFI will also be evaluated 
on its demonstrated need for TA funding to build the CDFI's capacity 
and further its strategic goals. The CDFI Fund will rate each part of 
the TA Business Plan Review as indicated in Table 17.

                    Table 17--TA Business Plan Review
------------------------------------------------------------------------
 Business plan review component     Applicant type          Ratings
------------------------------------------------------------------------
Section I:
    Primary Mission.............  Emerging CDFI       Low Risk, Medium
                                   Applicants.         Risk, or High
                                                       Risk.
    Financing Entity............  Emerging CDFI
                                   Applicants.
    Target Market...............  Emerging CDFI
                                   Applicants.
    Accountability..............  Emerging CDFI
                                   Applicants.
    Development Services........  Emerging CDFI
                                   Applicants.
Section II:
    Target Market Needs &         Emerging and        Low Risk, Medium
     Strategy.                     Certified CDFI      Risk, or High
                                   Applicants.         Risk.
    Organizational Capacity.....  Emerging and
                                   Certified CDFI
                                   Applicants.
    Management Capacity.........  Emerging and
                                   Certified CDFI
                                   Applicants.
------------------------------------------------------------------------

    Each TA Application will be evaluated by one internal CDFI Fund 
reviewer. All Applications will be reviewed in accordance with CDFI 
Fund standard reviewer evaluation materials for the Business Plan 
Review.
    The CDFI Fund conducts additional levels of due diligence for 
Applications that are under consideration 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 compliance risk of each Applicant 
using information provided in the Application as well as an Applicant's 
reporting history, reporting capacity, and performance risk with 
respect to the CDFI Fund's PG&Ms. Each Applicant will receive a Total 
Compliance

[[Page 10237]]

Composite Score on a scale of one (1) to five (5), with one (1) being 
the highest rating. Applicants that receive an initial Total Compliance 
Composite Score of four (4) or five (5) will be re-evaluated by CDFI 
Fund Staff. If the Applicant is deemed a high compliance risk after 
CDFI Staff review, the Applicant will not be considered for an award. 
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 the due diligence 
analysis in addition to consideration of the Applicant's funding 
request and similar factors. Lastly, the CDFI Fund may consider the 
geographic diversity of Applicants when making its funding decisions.
    6. Regulated Institutions: The CDFI Fund will consider safety and 
soundness information from the Appropriate Federal or State Banking 
Agency. If the Applicant is a CDFI Bank Holding Company, the CDFI Fund 
will consider information provided by the Appropriate Federal or State 
Banking Agencies about both the CDFI Bank Holding Company and the 
Certified CDFI Subsidiary Insured Depository Institution that will 
expend and carry out the award. If the Appropriate Federal or State 
Banking Agency identifies safety and soundness concerns, the CDFI Fund 
will assess whether such concerns cause or will cause the Applicant to 
be incapable of undertaking the activities for which funding has been 
requested.
    7. Non-Regulated Institutions: 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 that 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 
CDFI Program award announcements before September 30, 2020. However, 
the anticipated award announcement date is subject to change without 
notice.
    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 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) PG&Ms and (vi) reporting requirements. FA Assistance 
Agreements have three-year Periods of Performance. TA Assistance 
Agreements have two-year Period of Performance for Certified CDFIs and 
three-year Periods of Performance for Emerging CDFIs.
    1. Certificate of Good Standing: All FA and TA Recipients that are 
not Regulated 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% of 
their matching funds are In-Hand. The first payment is the estimated 
amount of the 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 announcement. The CDFI Fund reserves the right to 
increase the first payment amount on any award to ensure that any 
subsequent payments are at least $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(s) in 
accordance with the Uniform Requirements. 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 Assistance 
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 in the Uniform 
Requirements; indicates the Recipient has failed to execute and

[[Page 10238]]

return a prior round Assistance Agreement to the CDFI Fund within the 
CDFI Fund's deadlines; 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 
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:

    Table 18--Requirements Prior to Executing an Assistance Agreement
------------------------------------------------------------------------
            Requirement                           Criteria
------------------------------------------------------------------------
Failure to meet reporting            If a Recipient received a
 requirements.                       prior award under any CDFI Fund
                                     program and is not in compliance
                                     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 such reporting requirements
                                     are met. If the Recipient is unable
                                     to meet the requirement(s) within
                                     the timeframe specified by the CDFI
                                     Fund, 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 are not a
                                     determination of meeting reporting
                                     requirements.
Failure to maintain CDFI             An FA Recipient must be a
 Certification.                      Certified CDFI.
                                     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.
                                     If TA Recipient is a
                                     Certified CDFI at the time of award
                                     announcement, it must maintain CDFI
                                     Certification.
                                     If a Certified CDFI TA
                                     Recipient fails to maintain CDFI
                                     Certification, the CDFI Fund may
                                     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 or default status...   If, at any time prior to
                                     entering into an Assistance
                                     Agreement, the CDFI Fund determines
                                     that a Recipient is noncompliant or
                                     found in default with any
                                     previously executed 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 noncompliance by taking
                                     actions the CDFI Fund has specified
                                     within such specified timeframe. If
                                     the Recipient is unable to cure the
                                     noncompliance 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
 rights requirements.                an 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. 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, 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 its safety
                                     and soundness prior to entering
                                     into an Assistance Agreement.
------------------------------------------------------------------------

    C. Reporting:
    1. Reporting requirements: On an annual basis during 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 (Annual Reporting Requirements):

                Table 19--Annual Reporting Requirements *
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Financial Statement Audit Report    A Non-profit Recipient (including
 (Non-profit Recipient including     Insured Credit Unions and State-
 Insured Credit Unions and State-    Insured Credit Unions) must submit
 Insured Credit Unions).             a Financial Statement Audit (FSA)
                                     report 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 Report    For-profit Recipients must submit a
 (For-Profit Recipient).             FSA report in AMIS, along with the
                                     Recipient's statement of financial
                                     condition audited or reviewed by an
                                     independent certified public
                                     accountant.

[[Page 10239]]

 
Financial Statement Audit Report    If the Recipient is a Bank Holding
 (Bank Holding Company and Insured   Company or an Insured Depository
 Depository Institution).            Institution, it must submit a FSA
                                     report in AMIS.
Single Audit Report (Non-Profit     A non-profit Recipient must complete
 Recipients, if applicable).         an annual Single Audit pursuant to
                                     the Uniform Requirements (2 CFR
                                     200.500) if it expends $750,000 or
                                     more in Federal awards in its
                                     fiscal year, or such other dollar
                                     threshold established by OMB
                                     pursuant to 2 CFR 200.500. If a
                                     Single Audit is required, it must
                                     be submitted electronically to the
                                     Federal Audit Clearinghouse (FAC)
                                     (see 2 CFR Subpart F-Audit
                                     Requirements in the Uniform
                                     Requirements) and optionally
                                     through AMIS.
Transaction Level Report (TLR)....  The Recipient must submit a TLR to
                                     the CDFI Fund through AMIS.
                                    If the Recipient is a Bank Holding
                                     Company that deploys all or a
                                     portion of its Financial Assistance
                                     through its Subsidiary CDFI Insured
                                     Depository Institution, that
                                     Subsidiary CDFI Insured Depository
                                     Institution must also submit a TLR.
                                     Furthermore, if the Bank Holding
                                     Company itself deploys any portion
                                     of the Financial Assistance, the
                                     Bank Holding Company must submit a
                                     TLR.
                                    The TLR is not required for TA
                                     Recipients.
Uses of Award Report..............  The Recipient must submit the Uses
                                     of Award Report to the CDFI Fund in
                                     AMIS.
                                    If the recipient is a Bank Holding
                                     Company that deploys all or a
                                     portion of its Financial Assistance
                                     through its Subsidiary CDFI Insured
                                     Depository Institution, that
                                     Subsidiary CDFI Insured Depository
                                     Institution must also submit a Uses
                                     of Award Report. Furthermore, if
                                     the Bank Holding Company itself
                                     deploys any portion of the
                                     Financial Assistance, the Bank
                                     Holding Company must submit a Uses
                                     of Award Report.
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. The
                                     Shareholders Report is submitted
                                     through AMIS.
Performance Progress Report.......  The Recipient must submit the
                                     Performance Progress Report through
                                     AMIS.
                                    If the Recipient is a Bank Holding
                                     Company that deploys all or a
                                     portion of its Financial Assistance
                                     through its Subsidiary CDFI Insured
                                     Depository Institution, that
                                     Subsidiary CDFI Insured Depository
                                     Institution must also submit a
                                     Performance Progress Report.
                                     Furthermore, if the Bank Holding
                                     Company itself deploys any portion
                                     of the Financial Assistance, the
                                     Bank Holding Company must submit a
                                     Performance Progress Report.
------------------------------------------------------------------------
* Personally Identifiable Information (PII) is information, which if
  lost, compromised, or disclosed without authorization, could result in
  substantial harm, embarrassment, inconvenience, or unfairness to an
  individual. Although Applicants are required to enter addresses of
  individual borrowers/residents of Distressed Communities in AMIS,
  Applicants should not include the following PII for the individuals
  who received the financial products or services in AMIS or in the
  supporting documentation (i.e.--name of the individual, Social
  Security Number, driver's license or state identification number,
  passport number, Alien Registration Number, etc.). This information
  should be redacted from all supporting documentation.

    Each Recipient is responsible for the timely and complete 
submission of the Annual Reporting Requirements. The CDFI Fund reserves 
the right to contact the Recipient and additional entities or 
signatories to the Assistance Agreement to request additional 
information and/or documentation. The CDFI Fund will use such 
information to monitor each Recipient's compliance with the 
requirements of the Assistance Agreement and to assess the impact of 
the CDFI 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 the CDFI Fund to ensure compliance 
with the terms and conditions of the CDFI Program, including the 
tracing of funds to a level of expenditures adequate to establish that 
such funds have been used in accordance with 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 CDFI 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 appropriate 
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 CDFI Program, Office of Certification, Compliance 
Monitoring and Evaluation, or IT Help Desk. The CDFI Fund will post on 
its website responses to reoccurring questions received about the NOFA 
and 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:

[[Page 10240]]



                                          Table 20--Contact Information
----------------------------------------------------------------------------------------------------------------
                                                                Telephone No. (not toll
           Type of question                Preferred method              free)               Email addresses
----------------------------------------------------------------------------------------------------------------
CDFI 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, the preferred 
method of contact is to submit a Service Request within AMIS. For the 
Service Request, select ``Technical Issues'' from the Program dropdown 
menu of the Service Request. 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), 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).
    E. Statutory and National Policy Requirements: The CDFI Fund will 
manage and administer the Federal award in a manner so as to ensure 
that Federal funding is expended and associated programs are 
implemented in full accordance with the U.S. Constitution, Federal Law, 
statutory, and public policy requirements: Including but not limited 
to, those protecting free speech, religious liberty, public welfare, 
the environment, and prohibiting discrimination.

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 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, inclusive of PPC-FA, DF-FA, and HFFI-FA.
    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: 12 U.S.C. 4701, et seq; 12 CFR parts 1805 and 1815; 2 
CFR part 200.

Jodie L. Harris,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2020-03440 Filed 2-20-20; 8:45 am]
 BILLING CODE 4810-70-P