Notice of Funds Availability (NOFA) Inviting Applications for the Community Development Financial Institutions Program (CDFI Program) FY 2014 Funding Round (FY 2014 Funding Round), 65431-65440 [2013-25948]
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Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices
Dated: October 23, 2013.
John B. Hill,
Assistant Commissioner, Payment
Management and Chief Disbursing Officer.
[FR Doc. 2013–25707 Filed 10–30–13; 8:45 am]
BILLING CODE 4810–35–M
DEPARTMENT OF THE TREASURY
Community Development Financial
Institutions Fund
Notice of Funds Availability (NOFA)
Inviting Applications for the
Community Development Financial
Institutions Program (CDFI Program)
FY 2014 Funding Round (FY 2014
Funding Round)
Announcement Type: Announcement
of funding opportunity.
Catalog of Federal Domestic
Assistance (CFDA) Number: 21.020.
Applications for Financial
Assistance (FA) or Technical Assistance
(TA) awards through the CDFI Program
FY 2014 Funding Round must be
received by midnight, Eastern Time
(ET), December 23, 2013.
Executive Summary: Subject to
funding availability, this NOFA is
issued in connection with the CDFI
Program FY 2014 Funding Round,
administered by the Community
Development Financial Institutions
Fund (CDFI Fund).
DATES:
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I. Funding Opportunity Description
A. Award Requirements: Subject to
funding availability, the CDFI Fund
makes FA awards and TA grants
through the CDFI Program to entities
that meet the requirements set forth in
this NOFA. FA awards will be made to
Certified CDFIs that meet the FA
requirements; TA grants will be made to
Certifiable or Emerging CDFIs, as
defined in Table 5 of this NOFA, or
Certified CDFIs that meet the SECA
criteria in Table 3 of this NOFA but
have not received FA awards after the
FY 2008 funding round. In FY 2014, the
CDFI Fund will also make FA awards
for Healthy Food Financing Initiative
(HFFI–FA) activities to Certified CDFIs
that meet HFFI–FA requirements.
B. Program Regulations: The
regulations governing the CDFI Program
are found at 12 CFR Parts 1805 and 1815
(the Regulations) and provide guidance
on evaluation criteria and other
requirements. Details regarding
Application content requirements are
found in the Application and related
materials. Capitalized terms are defined
in this NOFA, the Regulations, or the
Application. The CDFI Fund encourages
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Applicants to review the Regulations in
addition to this NOFA.
C. The CDFI Fund reserves the right
to fund, in whole or in part, any, all, or
none of the Applications submitted in
response to this NOFA. The CDFI Fund
also reserves the right to reallocate
funds from the amount that is
anticipated to be available through this
NOFA to other CDFI Fund programs,
particularly if the CDFI Fund
determines that the number of awards
made through this NOFA is fewer than
projected.
D. Coordination with Broader
Community Development Strategies:
Consistent with Federal efforts to
promote community revitalization, it is
important for communities to develop a
comprehensive neighborhood
revitalization strategy that addresses
neighborhood assets essential to
transforming distressed neighborhoods
into healthy and vibrant communities.
Neighborhood transformation can best
occur when comprehensive
neighborhood revitalization plans
embrace the coordinated use of
programs and resources that address the
interrelated needs within a community.
Although not a requirement for
participating in the CDFI Program, the
Federal government believes that a CDFI
will be most successful when it is part
of, and contributes to, an area’s broader
neighborhood revitalization strategy.
II. Award Information
A. Funding Availability
1. FY 2014 Funding Round: Subject to
funding availability, the CDFI Fund
expects to award, through this NOFA,
approximately $179 million as indicated
in the following table:
TABLE 1—FY 2014 FUNDING
ROUND—CATEGORY AMOUNTS
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counties that meet certain criteria for
‘‘persistent poverty.’’ This requirement
continues under this NOFA. As a result,
the CDFI Fund invites Applicants to
indicate their level of participation in
persistent poverty counties in their FY
2014 applications.
2. Funding Availability for the FY
2014 Funding Round: Funds for the FY
2014 Funding Round have not yet been
appropriated; if Congress does not
appropriate funds for the CDFI Program,
there will not be a FY 2014 Funding
Round. If funds are appropriated, the
amount of such funds may be greater or
less than the amounts set forth above.
CDFIs that quality for the Native
American CDFI Assistance (NACA)
Program are encouraged to apply for
CDFI Program funds through this NOFA
in case no funds are appropriated for the
NACA Program.
All awards made through this NOFA
must be used to support the Applicant’s
activities. Awards cannot be used to
support the activities of, or otherwise be
passed through, transferred, or coawarded to, third-party entities, whether
Affiliates, Subsidiaries, or others. The
entity that is to carry out the
responsibilities of the award and deploy
the award funds (the Awardee) must be
the entity that applies for the award. In
the case where a CDFI bank-holding
company Applicant intends to deploy
its FA award through its 100 percent
wholly-owned CDFI subsidiary bank,
the Application must be made at the
CDFI bank-holding company level and
reflect consolidated activities and
financial performance. Authorized
representatives of both the holding
company and the bank must certify that
the information included in the
Application represents that of the CDFI
bank and that the award funds will be
used to capitalize the CDFI bank for the
activities outlined in the Application.
B. Types of Awards
An Applicant may submit an
Application for a TA grant or an FA
award, but not both. For purposes of
this NOFA, ‘‘FA awards’’ include
Category I/SECA ..............
15 awards made using CDFI Program FA
Category II/Core ...............
126
TA .....................................
3 funds and awards made using HFFI–FA
HFFI–FA ...........................
35 funds.
1. FA Awards:
FA awards provide flexible financial
Total ..............................
179
support to CDFIs so they may execute
the organizational goals outlined in
The CDFI Fund reserves the right to
their Applications. FA awards can be
award more or less than the amounts
used in the following five categories: (i)
cited above in each category in the FY
Financial Products; (ii) Financial
2014 Funding Round, based upon
Services; (iii) Development Services; (iv)
available funding and other applicable
Loan Loss Reserves; and (v) Capital
factors.
In the recent past, Congress mandated Reserves, and can include up to 15
that at least ten percent of the CDFI
percent of the total award in
Program’s appropriations be directed to
Administrative Funds to carry out the
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Funding
categories
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Proposed total
amount to be
awarded
(millions of
dollars)
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eligible uses. For purposes of this
NOFA, the five categories mean:
TABLE 2—FIVE CATEGORIES OF FA
(i) Financial Products ..........................................
(ii) Financial Services .........................................
(iii) Development Services ..................................
(iv) Loan Loss Reserves .....................................
(v) Capital Reserves ...........................................
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The CDFI Fund may provide FA
awards in the form of equity
investments (including secondary
capital in the case of certain Insured
Credit Unions), grants, loans, deposits,
credit union shares, or any combination
thereof. As described in this NOFA, FA
Applicants must meet certain matching
funds requirements; the form of the FA
Applicant’s matching funds will dictate
the form of the FA award. The CDFI
Fund reserves the right, in its sole
discretion, to provide a 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. HFFI–FA awards:
The CDFI Fund expects to make
HFFI–FA awards of up to $5 million to
Certified CDFIs that complete and
submit a CDFI/NACA Program
Application and a HFFI–FA
Supplemental Questionnaire. The
HFFI–FA Supplemental Questionnaire
must be submitted with the CDFI/NACA
Program Application. The CDFI Fund
reserves the right to make awards less
than $5 million based upon the
questionnaires received and the funds
available. HFFI–FA awards will be
provided as a supplement to FA awards;
therefore, only those Applicants that
have been selected to receive a FA
award through the CDFI and NACA
Programs FY 2014 Funding Rounds will
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Loans, grants, equity investments, and similar financing activities, including the purchase of
loans that the Applicant originates and the provision of loan guarantees, in the Applicant’s
Target Market, or for related purposes that the CDFI Fund deems appropriate.
Checking and savings accounts, certified checks, automated teller machines services, deposit
taking, remittances, safe deposit box services, and other similar services.
Activities that promote community development and help the Applicant provide its Financial
Products and Financial Services, including financial or credit counseling, housing and homeownership counseling (pre- and post-), self-employment technical assistance, entrepreneurship training, and financial management skill-building.
Funds set aside in the form of cash reserves, or through accounting-based accrual reserves,
to cover losses on loans, accounts, and notes receivable made in the Target Market, or for
related purposes that the CDFI Fund deems appropriate.
Funds set aside as reserves to support the Applicant’s ability to leverage other capital, for
such purposes as increasing its net assets or serving the financing needs of its Target Market, or for related purposes that the CDFI Fund deems appropriate.
be eligible to receive a HFFI–FA award.
Such Applicants will be rated and
scored separately based upon the HFFI–
FA supplemental questionnaire
responses. HFFI–FA Applicants will be
rated, among other elements, on the
extent of community need, the quality
of their HFFI–FA strategy, and their
capacity to execute that strategy. The
CDFI Fund may, in its discretion,
perform additional due diligence on
Applicants for this initiative.
3. TA Grants:
(a) The CDFI Fund provides TA in the
form of a grant and reserves the right, in
its sole discretion, to provide a TA grant
for amounts other than which the
Applicant requests; however, the TA
grant amount will not exceed the
Applicant’s request as stated in its
Application and the applicable budget
chart.
(b) TA eligible uses are: (i) Personnel/
salary; (ii) personnel/fringe; (iii)
professional services; (iv) travel; (v)
training; and (vi) equipment. Please see
the Application for details on TA uses.
TA grants must be used to build the
Applicant’s capacity. An Applicant that
is an Emerging CDFI and has not
received a previous TA award will be
rated, among other elements, on its plan
to meet the requirements of a Certified
CDFI within two years. An Applicant
that is an Emerging CDFI and a prior TA
awardee will be rated, among other
elements, on its plan to meet the CDFI
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certification goal specified in its
previous CDFI Program Assistance
Agreement.
C. Assistance Agreement
All Awardees, prior to receiving
award funds, must sign an Assistance
Agreement, which contains the award’s
terms and conditions. For further
information, see Section VI.A of this
NOFA.
III. Eligibility Information
A. Eligible Applicants
The Regulations specify the eligibility
requirements that each Applicant must
meet in order to be eligible to apply for
assistance under this NOFA. FA
Applicants must be either a Certified
CDFI or Certifiable CDFI as defined
below in Table 5 and have submitted a
certification application in accordance
with the deadlines in this NOFA. TA
Applicants must be Certifiable or
Emerging CDFIs as defined in Table 5 or
Certified CDFIs that meet the SECA
criteria in Table 3 of this NOFA but
have not received FA awards after the
FY 2008 funding round.
1. FA Applicant Categories: FA
Applicants must meet the criteria listed
in Table 3. Applicants requesting FA
funds in excess of the allowable amount
for Category I will be classified as
Category II Applicants, regardless of
their total assets, years in operation, or
prior CDFI Fund awards.
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TABLE 3—FA APPLICANT CRITERIA
FA Applicant category
Applicant criteria
Applicant may apply for:
Category I/Small and/or Emerging
CDFI Assistance (SECA).
(1) Is a Certified or Certifiable CDFI AND EITHER ..............................
(2) As of the end of the Applicant’s most recent fiscal year end or
September 30, 2013, has total assets as follows:
• Insured Depository Institutions and Depository Institution Holding Companies: Up to $250 million
• Insured Credit Unions: Up to $10 million
• Venture capital funds: Up to $10 million
• Other CDFIs: Up to $5 million or
(3) Began operations * on or after January 1, 2010.
A Certified or Certifiable CDFI that meets all other eligibility requirements described in this NOFA.
Up to and including $700,000 in
FA funds and up to and including $5 million in FA funds
through HFFI–FA.
Category II/Core ..............................
Up to and including $2 million in
FA funds; and up to and including $5 million in FA funds
through HFFI–FA.
* ‘‘Began operations’’ is defined as the financing activity start date indicated in the Applicant’s myCDFIFund account.
2. TA Applicants: TA Applicants
must meet the following criteria:
TABLE 4—TA APPLICANT CRITERION
Applicant type
Criteria of applicant
Applicant can apply for:
TA ....................................................
Certifiable or Emerging CDFIs or Certified CDFIs that meet the SECA
criteria in Table 3 of this NOFA but have not received FA awards
after the FY 2008 funding round.
Up to $125,000 for capacity-building activities.
3. CDFI Certification Requirements:
For purposes of this NOFA, eligible
FA Applicants include Certified/
Certifiable CDFIs as defined in Table 5;
eligible TA Applicants must be
Certifiable or Emerging CDFIs, as
defined in Table 5 or Certified CDFIs
that meet the SECA criteria in Table 3
of this NOFA but have not received FA
awards after the FY 2008 funding round.
The CDFI Fund’s Regulations require
that CDFI Program FA awardees must be
certified.
All Applicants must be certified or
recertified as of June 1, 2014 or any date
thereafter prior to the announcement of
awards; Applicants that are in a cure
period to remedy recertification
deficiencies as of June 1, 2014 or any
date thereafter prior to the
announcement of awards will not be
eligible for a FA award under this
NOFA. Please see the CDFI Fund’s Web
site for additional information regarding
recertification and cure periods at
Frequently Asked Questions regarding
CDFI Recertification at https://www.
cdfifund.gov/docs/2013/certification/
Frequently%20Asked%20Questions
%20Recert.pdf.
TABLE 5—CDFI CERTIFICATION—REQUIREMENTS
Certified CDFI .....................................................
Certifiable CDFI ..................................................
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Emerging CDFI ...................................................
4. Limitation on Awards: An
Applicant may receive either an award
through this NOFA or an award through
the NACA Program FY 2014 NOFA, but
not both. Although eligible Applicants
can apply for the CDFI Program and the
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An entity the CDFI Fund has officially notified that meets all CDFI certification requirements.
A Certified Applicant must submit a Certification of Material Events form only if it has experienced a material event. A ‘‘material event’’ is an occurrence that affects an organization’s
strategic direction, mission, or business operation and, thereby, its status as a Certified
CDFI and/or its compliance with the terms and conditions of an Assistance Agreement.
An entity that has submitted a Certification Application to the CDFI Fund demonstrating that it
meets the CDFI certification requirements but for which the CDFI Fund has not yet officially
certified the entity. If the CDFI Fund is unable to certify an Applicant and the Applicant is selected for a FA award, the CDFI Fund may, in its sole discretion, terminate the award commitment. The CDFI Fund will not enter into an Assistance Agreement or disburse FA award
funds unless and until an Applicant is certified.
A non-certified entity that demonstrates to the CDFI Fund that it has an acceptable plan to
meet certification requirements by the end of its FY 2016, or another date that the CDFI
Fund selects. Emerging CDFIs that have prior awards will be held to the certification date in
their prior Assistance Agreements. Emerging CDFIs may only apply for TA grants; they are
not eligible to apply for FA awards. Each Emerging CDFI selected to receive a TA grant will
be required to become a Certified CDFI by a date specified in the Assistance Agreement.
NACA Program, they will receive only
one FY 2014 award.
B. Prior Awardees
Prior Awardees should note the
following:
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1. $5 Million Funding Cap: The CDFI
Fund is currently 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. In general, the
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three-year period calculated for the cap
extends back three years from the
Effective Date of the Assistance
Agreement between the Awardee and
the CDFI Fund. However, for purposes
of this NOFA, because the funding cap
was waived for FY 2009, FY 2010, and
FY 2011, the CDFI Fund will include
awards in the cap calculation that were
provided to an Applicant (or its
Subsidiaries or Affiliates) beginning
with the FY 2012 Funding Round,
excluding FY 2012 HFFI–FA awards.
The CDFI Fund will assess the $5
million funding cap applicability during
the award selection phase.
Please see the following table for
other prior Awardee requirements and
considerations.
TABLE 6—PRIOR AWARDEE REQUIREMENTS AND CONSIDERATIONS
Prior awardee situation
Requirements and considerations
Failure to Meet Reporting Requirements ...........
The CDFI Fund will not consider an Application submitted by an Applicant that is not current
on reporting requirements in a previously executed agreement under any CDFI Fund program as of this NOFA’s Application deadline. (Please note that the CDFI Fund’s automated
systems for receipt of reports submitted electronically typically acknowledge only a report’s
receipt. Such an acknowledgment does not verify nor otherwise represent that the report received was complete and therefore met reporting requirements.)
The CDFI Fund will consider an Application pending full resolution of any noncompliance
issues if the Applicant has: (i) Submitted reports demonstrating noncompliance with a previously executed agreement under any CDFI Fund program, and (ii) the CDFI Fund has yet
to make a final determination as to whether the Applicant is in default of its previously executed agreement.
The CDFI Fund will not consider an Application submitted by an Applicant that is in default of
a previously executed agreement under any CDFI Fund program, at the time of the Application deadline: (i) If the CDFI Fund has made a determination that the Applicant is in default
of the agreement and the default is final; (ii) the CDFI Fund has provided written notification
of the final default determination to the Applicant; and (iii) the Application deadline is within
a period of time specified in the written notification in which a new Application from the Applicant is prohibited.
The CDFI Fund will not consider an Application submitted by an Applicant that has
undisbursed funds as defined below, as of the Application deadline. The CDFI Fund will include the combined undisbursed prior awards of the Applicant and its affiliated entities, including those in which the affiliated entity Controls the Applicant, is Controlled by the Applicant, or shares common management officials with the Applicant as the CDFI Fund determines.
Undisbursed awards cannot exceed five percent of the total includable awards for the Applicant’s Bank Enterprise Award (BEA) Program/CDFI/NACA awards, as of the Application
deadline. (The total ‘‘includable’’ award amount is the total award amount from the relevant
CDFI Fund program.)
The ‘‘undisbursed award funds’’ calculation does not include award funds for: (i) Which the
Awardee has submitted a full and complete disbursement request before the Application
deadline; (ii) an award that has been terminated or de-obligated; or (iii) an award that does
not have a fully executed agreement; and (iv) the tax credit allocation authority made available through the NMTC Program.
For the BEA Program, undisbursed funds will include the Applicant’s undisbursed awards
three to five calendar years prior to the end of the calendar year of the Application deadline.
For purposes of this NOFA, therefore, undisbursed awards made in FYs 2008, 2009, and
2010 will be included in the Applicant’s undisbursed award amounts if the funds have not
been disbursed as of the Application deadline.
For the CDFI Program, undisbursed funds will be calculated by adding all undisbursed award
amounts made to the Applicant two to five calendar years prior to the end of the calendar
year of this NOFA. Therefore, undisbursed CDFI Program awards made in FYs 2008, 2009,
2010, and 2011 will be included in the undisbursed calculation as of the Application deadline.
The CDFI Fund reserves the right to adjust the award amount based upon the amount of FY
2012 and FY 2013 awards that remain undisbursed.
Pending Resolution of Noncompliance ..............
Default Status .....................................................
Undisbursed Award Funds & Calculations (General).
BEA Program Undisbursed Awards Calculations
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CDFI Program Undisbursed Awards Calculations.
2. Contact the CDFI Fund: Applicants
that are prior CDFI Fund Awardees are
advised to: (i) Comply with
requirements specified in their executed
agreements, and (ii) contact the CDFI
Fund at least 10 business days prior to
this NOFA’s Application deadline to
ensure necessary actions are underway
for the disbursement or de-obligation of
any prior outstanding award balance(s)
as referenced above.
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C. Matching Funds
1. Matching Funds Requirements in
General:
FA Applicants must provide dollarfor-dollar non-Federal matching funds
for every CDFI Program award dollar.
The FY 2014 Continuing Resolution
(CR) requires matching funds for
Category II/Core FA and HFFI–FA
Applicants only. The CR has waived the
matching funds requirement for
Category 1/SECA and NACA Applicants
and matching funds are not required for
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TA Applicants. Matching funds must be
comparable in form and value to the FA
award. This means that Category II FA
Applicants must show they have
matching funds in-hand or firmly
committed from non-Federal sources
equal to the amount requested from the
CDFI Fund. Applicants cannot use
matching funds from a prior FA award
under the CDFI Program or under
another federal grant or award program
to satisfy the matching funds
requirement of this NOFA. If an
Applicant seeks to use matching funds
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from an organization that was a prior
Awardee under the CDFI Program, the
CDFI Fund will deem such funds as
Federal funds, unless the funding entity
establishes and the CDFI Fund agrees,
that such funds do not consist, in whole
or in part, of CDFI Program funds or
other Federal funds. The CDFI Fund
reserves the right to contact the
matching funds source to discuss the
matching funds and the documentation
that the Applicant has provided. The
CDFI Fund encourages Applicants to
review the Regulations at 12 CFR
1805.500 et seq. and matching funds
guidance materials on the CDFI Fund’s
Web site for further information.
2. The CDFI Fund will not consider
any FA Applicant for an award that has
no matching funds in-hand or firmly
committed as of this NOFA’s
Application deadline. Specifically, FA
Applicants must meet the following
matching funds requirements:
(a) Category II/Core Applicants: A
Category II/Core Applicant must
demonstrate that it has eligible
matching funds in-hand or firmly
committed, as of January 1, 2012 and
the Application due date, that is equal
to no less than 50 percent of the amount
requested. The CDFI Fund reserves the
right to rescind all or a portion of a FA
award and re-allocate the rescinded
award amount to other qualified
Applicant(s), if an Applicant fails to
obtain in-hand 100 percent of the
required matching funds by January 15,
2015 (with required documentation of
such receipt received by the CDFI Fund
not later than January 31, 2015). The
CDFI Fund may grant an extension of
such matching funds deadline for
specific Applicants selected to receive
FA, if the CDFI Fund deems it
appropriate.
(b) HFFI–FA Applicants: All HFFI–FA
Applicants must demonstrate that they
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have eligible matching funds equal to no
less than 75 percent of the HFFI–FA
amount requested in-hand or firmly
committed on or after January 1, 2012,
and on or before the Application
deadline. (This requirement is not
waived for Category I/SECA and NACA
Applicants.) The CDFI Fund reserves
the right to rescind all or a portion of
an HFFI–FA award and re-allocate the
rescinded award amount to other
qualified Applicant(s), if an Applicant
fails to obtain in-hand 100 percent of
the required matching funds by January
15, 2015 (with required documentation
of such receipt received by the CDFI
Fund not later than January 31, 2015).
The CDFI Fund may grant an extension
of such matching funds deadline for
specific Applicants selected to receive
HFFI–FA awards, if the CDFI Fund
deems it appropriate.
3. Matching Funds Terms Defined;
Required Documentation
TABLE 7—MATCHING FUNDS DEFINITIONS
Type of matching funds
Definition
Matching funds ‘‘in-hand.’’
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Matching funds ‘‘firmly committed.’’
The Applicant has actually received disbursement of the matching funds and provides acceptable written
documentation, showing the source, form, and amount of the matching funds (i.e., grant, loan, deposit,
and equity investment). Applicants must provide copies of the following documentation depending on the
type of award being requested: (i) Loans—the loan agreement and promissory note; (ii) grant—the grant
letter or agreement for all grants of $50,000 or more; (iii) equity investment—the stock certificate and
any related shareholder agreement; (iv) retained earnings—audits or call reports from regulating entity.
The Applicant must also provide acceptable documentation that demonstrates receipt of the matching
funds, such as a copy of a check or a wire transfer statement.
The Applicant has entered into or received a legally binding commitment from the matching funds source
showing the match funds will be disbursed to the Applicant. The Applicant must also provide acceptable
written documentation showing the source, form, and amount of the firm commitment (and, in the case
of a loan, the terms thereof), as well as the anticipated disbursement date of the committed funds.
4. Matching Loan Requests: The CDFI
Fund will match eligible loans provided
as non-Federal matching funds with a
standard loan product. The standard
loan product will be a 13-year loan with
semi-annual interest-only payments due
in years one through ten, and fully
amortizing payments due each year in
years eleven through thirteen. The
interest rate is fixed for the term of the
note at 1.95 percent, which is based on
the U.S. Department of the Treasury’s
10-year Treasury note. In order for a
loan to qualify to be matched by the
standard loan product, the loan must
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.
5. Ineligible Matching Funds: If the
CDFI Fund determines that any portion
of the Applicant’s matching funds is
ineligible, the CDFI Fund, in its sole
discretion, may permit the Applicant to
offer alternative matching funds as a
substitute for the ineligible matching
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funds. In such instances: (i) The
Applicant must provide acceptable
alternative matching funds
documentation within a written
specified period of time, no less than
two business days, and (ii) the
alternative matching funds
documentation will not increase the
total amount of FA the Applicant
requested.
6. Retained Earnings: The Regulations
allow an Applicant to use retained
earnings to serve as matching funds for
a FA award. The CDFI Fund will
calculate retained earnings eligible to be
used as matching funds in an amount
equal to: (i) The increase in retained
earnings that has occurred over the
Applicant’s most recent fiscal year,
adjusted to remove revenue and
expenses derived from federal sources
and matching funds previously used for
an award; or (ii) the annual average of
such increases that has occurred over
the Applicant’s three most recent fiscal
years, adjusted to remove revenue and
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expenses derived from federal sources
and matching funds previously used for
an award.
7. Special Rule for Insured Credit
Unions: The Regulations allow an
Insured Credit Union to use retained
earnings to serve as matching funds for
a FA award. The CDFI Fund will
calculate retained earnings for Insured
Credit Unions in an amount equal to: (i)
The increase in retained earnings that
occurred over the Applicant’s most
recent fiscal year, adjusted to remove
revenue from federal Sources and
matching funds previously used for an
award; (ii) the annual average of such
increases that has occurred over the
Applicant’s three most recent fiscal
years, adjusted to remove revenue from
federal sources and matching funds
previously used for an award; or (iii) the
entire retained earnings that have been
accumulated since the inception of the
Applicant, as provided in the
Regulations. If option (iii) is used, the
Applicant must increase its member
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and/or non-member shares and/or total
loans outstanding by an amount equal to
the amount of retained earnings
committed as matching funds. This
increase will be measured from June 30,
2014 and must occur by the end of the
Awardee’s first performance period, as
set forth in its Assistance Agreement,
and will be based on amounts reported
in the Applicant’s NCUA Form 5300
Call Report. The CDFI Fund will assess
the likelihood of this increase during
the Application review process. An
award will not be made to any
Applicant that has not demonstrated in
the relevant financial statements or
NCUA call report that it has increased
shares and/or loans by at least 25
percent of the requested FA award
amount between December 31, 2012,
and December 31, 2013. The match will
not be considered in-hand until the
Awardee has increased its member and/
or non-member shares or total loans
outstanding within the time period
specified.
IV. Application and Submission
Information
A. Application Submission
Applicants must submit Applications
electronically through Grants.gov. The
CDFI Fund will not accept Applications
through myCDFIFund accounts nor will
Applications be accepted via email,
mail, facsimile, or other forms of
communication, except in
circumstances approved by the CDFI
Fund beforehand. If Applicants submit
multiple Applications, the CDFI Fund
will only review the last Application
submitted; all other Applications will be
considered ineligible.
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B. Grants.gov
In compliance with Public Law 106–
107 and Section 5(a) of the Federal
Financial Assistance Management
Improvement Act, the CDFI Fund is
required to accept Applications
submitted through the Grants.gov
electronic system. The CDFI Fund
strongly recommends Applicants start
the registration process as soon as
possible and visit www.grants.gov
immediately. Applicants that have used
Grants.gov in the past must verify that
their registration is current and active.
New Applicants must properly register,
which may take several weeks to
complete. Pursuant to OMB guidance
(68 FR 38402), each Applicant must
provide, as part of its Application
submission, a Dun and Bradstreet
Universal Numbering System (DUNS)
number. In addition, each Application
must include a valid and current
Employer Identification Number (EIN).
An electronic Application that does not
include a DUNS number and an EIN is
incomplete and may not be transmitted
to the CDFI Fund from Grants.gov. As a
result, Applicants without a DUNS
number and EIN should allow sufficient
time for the IRS and/or Dun and
Bradstreet to respond to inquiries and/
or requests for identification numbers.
The CDFI Fund will not consider
Applicants that fail to properly register
in Grants.gov or to confirm they are
properly registered and as a result, are
unable to submit their Applications
before the deadline. Applicants are
reminded that the CDFI Fund does not
maintain the Grants.gov registration or
submittal process so Applicants must
contact Grants.gov directly for issues
related to that aspect of the Application
submission process. Please see the
following link for information on getting
started on Grants.gov: https://grants.gov/
applicants/organization_
registration.jsp.
C. 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. Applicants must
verify that their registration is current
and active in SAM. New Applicants
must properly register and wait for the
account to be activated, which does not
occur simultaneously and may take
weeks to complete for Applicants that
have an EIN. If an Applicant does not
have an EIN, the Applicant should
allow several weeks for obtaining the
information from the IRS when
requesting the EIN via phone, fax, mail
or Internet. The CDFI Fund will not
consider Applicants that fail to properly
register or activate their account in SAM
and as a result, are unable to submit
their Applications before the deadline.
The CDFI Fund does not maintain the
SAM registration process, so Applicants
must contact SAM directly for issues
related to registration. The CDFI Fund
strongly encourages Applicants to
ensure that their SAM registration is
updated and that their accounts are
active. For information regarding SAM,
please visit https://www.sam.gov/portal/
public/SAM/.
D. myCDFIFund Accounts
myCDFIFund is the CDFI Fund’s
primary means of communication with
Applicants. Every Applicant is
responsible for ensuring its
myCDFIFund account is up-to-date at
all times. All Applicants must register
as an organization and as a user with
myCDFIFund before the Application
deadline. An Applicant that fails to
properly register and update its
myCDFIFund account may miss
important communication with the
CDFI Fund that could impact its
Application. For more information on
myCDFIFund, please see the
‘‘Frequently Asked Questions’’ link
posted at https://www.cdfifund.gov/
myCDFI/Help/Help.asp.
E. Application Content Requirements
The Application and related
documents can be found on the
Grants.gov and the CDFI Fund’s Web
sites. The CDFI Fund anticipates posting
the Application and related documents
to the CDFI Fund’s Web site on the same
day that the NOFA is released or shortly
thereafter. Once an Application is
submitted to Grants.gov, the Applicant
will not be allowed to change any
element of the Application. The CDFI
Fund, however, may contact the
Applicant to clarify or confirm
Application information.
F. 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. Pursuant to the
Paperwork Reduction Act, the CDFI
Program funding Application has been
assigned the following control number:
1559–0021.
G. Application Deadlines
1. Please see the following table for
critical deadlines that are relevant to the
FY 2014 Funding Round.
TABLE 8—FY 2014 FUNDING ROUND APPLICATION CRITICAL DATES
Description
Date due
Time (EST)
Last day to contact Program staff ..................................................................................
CDFI Program Application for Assistance .....................................................................
CDFI Certification Applications ......................................................................................
December 18, 2013 ..................................
December 23, 2013 ..................................
November 22, 2013 ..................................
5:00 p.m.
12 midnight.
5:00 p.m.
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TABLE 8—FY 2014 FUNDING ROUND APPLICATION CRITICAL DATES—Continued
Description
Date due
Certification of Material Events Form—only for Applicants that have had a Material
Event.
November 22, 2013 ..................................
2014 Application is a compilation of
multiple mandatory documents
including a: (1) A PDF fillable applicant
intake form; (2) a Microsoft Excel
Workbook; (3) a Microsoft Word
Narrative template; and (4) other
mandatory attachments. (Applicants
must use the Microsoft Word Narrative
template the CDFI Fund provides;
alternative templates/formats will not be
scored.) Applicants should not submit
information that has not been
specifically requested in this NOFA or
the Application. Applicants should not
submit documents such as strategic
plans or market studies unless the CDFI
Fund has specifically requested such
documents in the Application.
2. Late Delivery: The CDFI Fund will
not accept an Application delivered
after the Application deadline or any
portion of an Application that is
delivered after the Application
deadline. Applicants are responsible for
submitting their Applications on time
through Grants.gov. The CDFI Fund will
not grant exceptions or waivers. Any
Application that is deemed ineligible or
rejected will not be returned to the
Applicant.
H. Intergovernmental Review
Not applicable.
I. Funding Restrictions
For allowable uses of FA proceeds,
please see the Regulations at 12 CFR
1805.301.
B. Review and Selection Process
1. Eligibility and Completeness
Review: The CDFI Fund will review
each Application to determine whether
it is complete and the Applicant meets
the eligibility requirements described in
Section III of this NOFA. An incomplete
Application or one that does not meet
eligibility requirements will be rejected.
V. Application Review Information
A. Format
Applicants must complete, and the
CDFI Fund will only accept, the
Application as provided in Grants.gov
and the CDFI Fund’s Web site. The FY
Time (EST)
5:00 p.m.
2. Substantive Review: If the
Applicant has submitted a complete and
eligible Application, the CDFI Fund will
conduct a substantive review in
accordance with the criteria and
procedures described in the
Regulations, this NOFA, and the
Application guidance. The CDFI Fund
reserves the right to contact the
Applicant by telephone, email, or mail
for the sole purpose of clarifying or
confirming Application information. If
contacted, the Applicant must respond
within the CDFI Fund’s time parameters
or run the risk of its Application being
rejected.
3. Application Scoring and Award
Selection (FA and TA Applicants):
(a) Application Scoring: The CDFI
Fund will evaluate each Application on
the criteria categories and the scoring
scale described in the Application. An
Applicant must receive a minimum
aggregate score in order to be considered
for an award. The CDFI Fund will score
each part as indicated in the following
table:
TABLE 9—APPLICATION SCORING CRITERIA
Comprehensive Business Plan (CBP) sections
FA
applicants
Executive Summary ...........................................................................................................................................
Purpose/Proposal ..............................................................................................................................................
Products .............................................................................................................................................................
Policies ...............................................................................................................................................................
People ................................................................................................................................................................
Partnerships .......................................................................................................................................................
Performance ......................................................................................................................................................
Projections .........................................................................................................................................................
Not Scored .......
10 points ...........
10 points ...........
10 points ...........
10 points ...........
10 points ...........
40 points ...........
10 points ...........
Not Scored.
15 points.
10 points.
10 points.
15 points.
5 points.
30 points.
15 points.
Total Point ..................................................................................................................................................
100 points .........
100 points.
Applicants whose activities are part of
a broader neighborhood revitalization
strategy and/or that target marginalized
or isolated populations will be scored
more favorably in the section of the
Application pertaining to Partnerships.
(b) Evaluating Prior Award
Performance: The CDFI Fund will
TA
applicants
deduct points, in accordance with the
following table, from Applicants who
have received prior assistance under
any CDFI Fund program:
TABLE 10—POINT DEDUCTIONS
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Issues
Descriptions
Failure to Meet Agreement Requirements .........
The CDFI Fund will deduct points from Applicants who have not met requirements in previously executed agreements under any CDFI Fund program including compliance reports
due during the previous 24 months prior to the Application deadline date.
The CDFI Fund will deduct points from Applicants who have failed to submit timely loan payments to the CDFI Fund within the 24 months prior to the Application deadline (if applicable).
Failure to Provide Timely Loan Payments .........
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TABLE 10—POINT DEDUCTIONS—Continued
Issues
Descriptions
Incurred De-obligations .......................................
The CDFI Fund will deduct points from Applicants if funds were de-obligated for FA awards
issued in FY 2010, 2011 or 2012 and if the de-obligation occurred within the 12 months
prior to the Application deadline. Point deductions in this funding round for a de-obligation of
a prior award will not be counted against future FA Applications.
The CDFI Fund will deduct points from Applicants if proceedings have been instituted against
them in, by, or before any court, governmental agency, or administrative body and a final
determination within the last three years indicates the Applicant has discriminated on the
basis of race, color, national origin, disability, age, marital status, receipt of income from
public assistance, religion, or sex.
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Determination of Discrimination ..........................
(c) Award Selection: The CDFI Fund
will make its final award selections
based on the Applicants’ scores; ranked
from highest to lowest, and the amount
of funds available. In the case of tied
scores, Applicants will be ranked first
according to each Performance score;
then the Purpose score. TA Applicants,
Category I, and Category II Applicants
will be grouped and ranked separately.
In addition, the CDFI Fund may
consider the institutional and
geographic diversity of Applicants when
making its funding decisions.
4. Insured CDFIs: In the case of
Insured Depository Institutions and
Insured Credit Unions, the CDFI Fund
will consider information provided by,
and views of, the Appropriate Federal
Banking Agencies. If the Applicant is a
CDFI bank holding company, the CDFI
Fund will consider information
provided by the Appropriate Federal
Banking Agencies of the CDFI bank
holding company and the CDFI bank
that will implement the award.
Throughout the award review process,
the CDFI Fund will consult with the
Appropriate Federal Banking Agency
about the Applicant’s financial safety
and soundness. If the Appropriate
Federal Banking Agency identifies
safety and soundness concerns, the
CDFI Fund will assess whether the
concerns cause or will cause the
Applicant to be incapable of
undertaking the activities for which
funding has been requested. If it is
determined the Applicant is incapable
of meeting its obligations, the CDFI
Fund reserves the right to withdraw the
award decision. The CDFI Fund also
reserves the right to require Insured
CDFI Applicants to improve safety and
soundness conditions prior to receiving
an award disbursement. In addition, the
CDFI Fund will take into consideration
Community Reinvestment Act
assessments of Insured Depository
Institutions and/or their Affiliates.
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5. Award Notification: Each Applicant
will be informed of the CDFI Fund’s
award decision through a notification in
the Applicant’s myCDFIFund account.
This includes notification to Applicants
that have not been selected for an award
if the decision is based on reasons other
than completeness or eligibility.
Applicants that have not been selected
for an award will receive a debriefing
notice in their myCDFIFund account.
6. 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 either adversely
affects an Applicant’s eligibility for an
award; adversely affects the Awardee’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, it reserves the
right, in its sole discretion, to reject it.
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, it will provide
information about the changes through
its Web site. The CDFI Fund’s award
decisions are final and there is no right
to appeal the decisions.
VI. Award Administration Information
A. Assistance Agreement
Each Applicant selected to receive an
award must enter into an Assistance
Agreement with the CDFI Fund in order
to receive a disbursement(s). The
Assistance Agreement will set forth the
award’s terms and conditions, including
but not be limited to the award: (i)
Amount; (ii) type; (iii) uses; (iv) targeted
market or activities; (v) performance
goals and measures; and (vi) reporting
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requirements. FA Assistance
Agreements will usually have three-year
performance periods; TA Assistance
Agreements will usually have two-year
performance periods. All FA and TA
Awardees that are not Insured CDFIs
will be required to provide the CDFI
Fund with a certificate of good standing
from the secretary of state for the
Awardee’s state of incorporation. This
certificate can often be acquired online
on the secretary of state Web site for the
Awardee’s state of incorporation and
must generally be dated within 270 days
from the date the Awardee executes the
Assistance Agreement. Due to potential
backlogs in state government offices,
Applicants are advised to submit
requests for certificates of good standing
at the time that they submit their
Applications.
If prior to entering into an Assistance
Agreement, information (including
administrative error) comes to the CDFI
Fund’s attention that adversely affects
the Awardee’s: (i) Eligibility for an
award; (ii) certification as a CDFI (to the
extent that the Award is conditional
upon CDFI certification); or (iii)
Application evaluation as conducted by
the CDFI Fund; or (iv) indicates fraud or
mismanagement on the Awardee’s part,
the CDFI Fund may, in its discretion
and without advance notice to the
Awardee, 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 Awardee fails to
return the Assistance Agreement, signed
by the authorized representative of the
Awardee, and/or provide the CDFI Fund
with any other requested
documentation, within the CDFI Fund’s
deadlines.
In addition, the CDFI Fund, reserves
the right in its sole discretion, to
terminate and rescind the Assistance
Agreement and the award made under
this NOFA pending the criteria
described in the following table:
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65439
TABLE 11—REQUIREMENTS PRIOR EXECUTING AN ASSISTANCE AGREEMENT
Requirement
Criteria
Failure to Meet Reporting Requirements.
If an Awardee has received prior assistance under any CDFI Fund program and is not current with the reporting requirements in the previously executed agreement(s), the CDFI Fund can delay entering into an
Assistance Agreement until reporting requirement are met. If such an Awardee is unable to meet the requirement within the timeframe specified, the CDFI Fund may terminate and rescind the Assistance
Agreement and the award made under this NOFA. (Please note that the automated systems the CDFI
Fund uses for receipt of reports submitted electronically typically acknowledges only a report’s receipt;
such an acknowledgment does not warrant that the report received was complete and therefore met reporting requirements.)
If an Awardee had applied for an award as a Certified CDFI and the certified status is an ongoing obligation of the award but the Awardee has failed to preserve and keep in full force and effect its certification
as a CDFI, the CDFI Fund may terminate and rescind the Assistance Agreement and the award made
under this NOFA.
If an Awardee has received prior assistance under any CDFI Fund program and if: (i) It has submitted reports to the CDFI Fund that demonstrate noncompliance with a previous executed agreement with the
CDFI Fund; and (ii) the CDFI Fund has yet to make a final determination as to whether the Awardee is
in default of its agreement, the CDFI Fund can delay entering into an Assistance Agreement, pending
full resolution of the noncompliance issue to the CDFI Fund’s satisfaction. If the Awardee 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.
If, at any time prior to entering into an Assistance Agreement, the CDFI Fund determines that an Awardee
is in default of a previously executed agreement with the CDFI Fund and the Awardee has been provided written notification of such determination, the CDFI Fund can delay entering into an Assistance
Agreement, until the Awardee has cured the default by taking actions the CDFI Fund has specified within the specified timeframe. If the Awardee is unable to meet this requirement and the CDFI Fund has not
specified in writing that the Awardee is otherwise eligible to receive an award under this NOFA, the
CDFI Fund may terminate and rescind the Assistance Agreement and the award made under this
NOFA.
If prior to entering into an Assistance Agreement under this NOFA, the CDFI Fund has: (i) Made a determination that an Awardee was in final default of an executed agreement with the CDFI Fund; and (ii)
provided written notification of such final default determination to the Awardee; and (iii) the anticipated
date for entering into the Assistance Agreement under this NOFA is within a period of time specified in
such notification in which any new assistance is prohibited, the CDFI Fund may terminate and rescind
the Assistance Agreement and the award made under this NOFA.
If prior to entering into an Assistance Agreement under this NOFA, the Awardee receives a final determination, made within the last three years, in any proceeding instituted against the Awardee in, by, or
before any court, governmental, or administrative body or agency, declaring that the Awardee has discriminated on the basis of race, color, national origin, disability, age, marital status, receipt of income
from public assistance, religion, or sex, the CDFI Fund may terminate and rescind the Assistance Agreement and the award made under this NOFA.
Failure to Maintain Certification ......
Pending Resolution of Noncompliance.
Default Status .................................
Final Default and Sanctions ............
Compliance with Federal Anti-Discrimination Laws.
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B. Reporting
1. Reporting requirements: At least on
an annual basis, the CDFI Fund will
collect information from each Awardee
including, but not limited to, an Annual
Report with the following components:
(i) Financial Reports, (ii) OMB A–133
audit; (iii) A–133 Narrative Report; (iv)
Institution Level Report; (v) Transaction
Level Report (for Awardees receiving
FA awards); (vi) Financial Status Report
SF–425 (for Awardees receiving TA
grants); (vii) Uses of Financial
Assistance (for Awardees receiving FA
awards); (viii) Uses of Technical
Assistance (for Awardees receiving TA
grants); (ix) Explanation of
Noncompliance (as applicable); and (x)
such other information as the CDFI
Fund may require. Each Awardee is
responsible for the timely and complete
submission of the Annual Report, even
if all or a portion of the documents is
actually completed by another entity or
signatory to the Assistance Agreement.
If such other entities or signatories are
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required to provide Institution Level
Reports, Transaction Level Reports,
Financial Reports, or other
documentation that the CDFI Fund may
require, the Awardee is responsible for
ensuring that the information submitted
is timely and complete. The CDFI Fund
reserves the right to contact such
additional entities or signatories to the
Assistance Agreement and require that
additional information and
documentation be provided. The CDFI
Fund will use such information to
monitor each Awardee’s compliance
with the requirements in the Assistance
Agreement and to assess the impact of
the CDFI Program. All reports with the
exception of the Institution Level Report
and the Transaction Level Report must
be electronically submitted directly to
the CDFI Fund via the Awardee’s
myCDFIFund account. The Institution
Level Report and the Transaction Level
Report must be submitted through the
CDFI Fund’s web-based data collection
system, the Community Investment
Impact System (CIIS) accessed through
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the Awardee’s myCDFIFund account.
The CDFI Fund reserves the right, in its
sole discretion, to modify these
reporting requirements if it determines
it to be appropriate and necessary;
however, such reporting requirements
will be modified only after notice to
Awardees.
2. Accounting: The CDFI Fund will
require the Awardee to account for and
track the use of its award. This means
that Awardees must track every dollar
and must inform the CDFI Fund of its
uses. This will require Awardees to
establish separate administrative and
accounting controls, subject to the
applicable OMB Circulars. The CDFI
Fund will provide guidance on the
format and content of the annual
information to be provided, outlining
and describing how the funds were
used. All Awardees are responsible for
ensuring their banking account
information is updated and accurate in
the System for Award Management
(SAM) as directed in this NOFA’s
Section IV. C.
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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 three business days
prior to the Application deadline.
During the two business days prior to
the Application deadline, the CDFI
Fund will not respond to questions for
Applicants until after the Application
deadline. Applications and other
information regarding the CDFI Fund
and its programs may be obtained from
the CDFI Fund’s Web site at https://
www.cdfifund.gov. The CDFI Fund will
post on its Web site responses to
questions of general applicability
regarding the CDFI Program.
B. Applicants may contact the CDFI
Fund as follows:
TABLE 12—CONTACT INFORMATION
Fax number for all offices: 202–453–2466
Type of question
Telephone number
(not toll free)
Email addresses
CDFI Program ..................................................................
Certification, Compliance Monitoring, and Evaluation .....
MyCDFIFund—IT Help Desk ...........................................
202–653–0421, option 1 ..................................................
202–653–0423 .................................................................
202–653–0300 .................................................................
cdfihelp@cdfi.treas.gov.
ccme@cdfi.treas.gov.
IThelpdesk@cdfi.treas.gov.
C. Information Technology Support:
People who have visual or mobility
impairments that prevent them from
creating a Target Market map using the
CDFI Fund’s Web site should call (202)
653–0300 for assistance (this is not a toll
free number).
D. Communication with the CDFI
Fund: The CDFI Fund will use contact
information in myCDFIFund to
communicate with Applicants and
Awardees. It is imperative; therefore,
that Applicants, Awardees,
Subsidiaries, Affiliates, and signatories
maintain accurate contact information
in their accounts. This includes
information like contact names,
especially for the authorized
representative; email addresses; fax and
phone numbers; and office locations.
For more information about
myCDFIFund, as well as information on
the Community Investment Impact
System, please see the following Web
site: https://www.cdfifund.gov/what_we_
do/ciis.asp.
DEPARTMENT OF THE TREASURY
VIII. Information Sessions and
Outreach
I. Funding Opportunity Description
A. Award Requirements: The CDFI
Fund makes FA awards and TA grants
through the NACA Program to entities
that meet the requirements set forth in
this NOFA. FA awards will be made to
Certified Community Development
Financial Institutions (CDFIs) serving
Native Communities that complete and
submit the Application and meet the FA
requirements set forth in this NOFA, the
Application and the Regulations; TA
grants will be made to Certified,
Certifiable and Emerging CDFIs serving
Native Communities and Sponsoring
Entities that complete and submit the
Application and meet the TA
requirements set forth in this NOFA, the
Application and the Regulations.
Through the FY 2014 Funding Round,
the CDFI Fund will also make FA
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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, please visit the
CDFI Fund’s Web site at https://
www.cdfifund.gov.
Authority: 12 U.S.C. 4701, et seq; 12 CFR
parts 1805 and 1815.
Dated: October 23, 2013.
Donna J. Gambrell,
Director, Community Development Financial
Institutions Fund.
[FR Doc. 2013–25948 Filed 10–30–13; 8:45 am]
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Community Development Financial
Institutions Fund
Notice of Funds Availability (NOFA)
Inviting Applications for the Native
American CDFI Assistance Program
(NACA Program) for the Fiscal Year
(FY) 2014 Funding Round
Announcement Type: Announcement
of funding opportunity.
Catalog of Federal Domestic
Assistance (CFDA) Number: 21.020.
DATES: Applications for Financial
Assistance (FA) or Technical Assistance
(TA) awards through the FY 2014
Funding Round of the NACA Program
must be received by 11:59 p.m., Eastern
Time (ET), December 23, 2013.
Executive Summary: Subject to
funding availability, this NOFA is
issued in connection with the FY 2014
Funding Round of the NACA Program,
which the Community Development
Financial Institutions Fund (CDFI Fund)
administers.
PO 00000
Frm 00177
Fmt 4703
Sfmt 4703
awards for Healthy Food Financing
Initiative (HFFI–FA) activities to
Certified CDFIs serving Native
Communities that complete and submit
the Application and meet the HFFI–FA
requirements set forth in the NOFA, the
Application and the Regulations. NACA
Applicants that are interested in
applying for HFFI–FA can find
additional details about that program in
the FY 2014 Community Development
Financial Institutions Program (CDFI
Program) NOFA. For purposes of this
NOFA, the term ‘‘Native Community’’
means a Native American, Alaska
Native, or Native Hawaiian population,
land or Census-equivalent entity (as
defined by the Bureau of the Census). In
addition, Native Community includes a
Native Other Targeted Population as
described in Table 3 of this NOFA for
Native Americans or American Indians,
including Alaska Natives living in
Alaska and Native Hawaiians living in
Hawaii.
B. Program Regulations: The
regulations governing the NACA
Program are found at 12 CFR Parts 1805
and 1815 (the Regulations) and provide
guidance on evaluation criteria and
other requirements. Details regarding
Application content requirements are
found in the Application and related
materials. Capitalized terms are defined
in this NOFA, the Regulations, or the
Application. The CDFI Fund encourages
Applicants to review the Regulations in
addition to this NOFA.
C. The CDFI Fund reserves the right
to fund, in whole or in part, any, all, or
none of the Applications submitted in
response to this NOFA. The CDFI Fund
also reserves the right to reallocate
funds from the amount that is
anticipated to be available through this
NOFA to other CDFI Fund programs,
particularly if the CDFI Fund
determines that the number of awards
E:\FR\FM\31OCN1.SGM
31OCN1
]]>Agencies
[Federal Register Volume 78, Number 211 (Thursday, October 31, 2013)]
[Notices]
[Pages 65431-65440]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-25948]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Notice of Funds Availability (NOFA) Inviting Applications for the
Community Development Financial Institutions Program (CDFI Program) FY
2014 Funding Round (FY 2014 Funding Round)
Announcement Type: Announcement of funding opportunity.
Catalog of Federal Domestic Assistance (CFDA) Number: 21.020.
DATES: Applications for Financial Assistance (FA) or Technical
Assistance (TA) awards through the CDFI Program FY 2014 Funding Round
must be received by midnight, Eastern Time (ET), December 23, 2013.
Executive Summary: Subject to funding availability, this NOFA is
issued in connection with the CDFI Program FY 2014 Funding Round,
administered by the Community Development Financial Institutions Fund
(CDFI Fund).
I. Funding Opportunity Description
A. Award Requirements: Subject to funding availability, the CDFI
Fund makes FA awards and TA grants through the CDFI Program to entities
that meet the requirements set forth in this NOFA. FA awards will be
made to Certified CDFIs that meet the FA requirements; TA grants will
be made to Certifiable or Emerging CDFIs, as defined in Table 5 of this
NOFA, or Certified CDFIs that meet the SECA criteria in Table 3 of this
NOFA but have not received FA awards after the FY 2008 funding round.
In FY 2014, the CDFI Fund will also make FA awards for Healthy Food
Financing Initiative (HFFI-FA) activities to Certified CDFIs that meet
HFFI-FA requirements.
B. Program Regulations: The regulations governing the CDFI Program
are found at 12 CFR Parts 1805 and 1815 (the Regulations) and provide
guidance on evaluation criteria and other requirements. Details
regarding Application content requirements are found in the Application
and related materials. Capitalized terms are defined in this NOFA, the
Regulations, or the Application. The CDFI Fund encourages Applicants to
review the Regulations in addition to this NOFA.
C. The CDFI Fund reserves the right to fund, in whole or in part,
any, all, or none of the Applications submitted in response to this
NOFA. The CDFI Fund also reserves the right to reallocate funds from
the amount that is anticipated to be available through this NOFA to
other CDFI Fund programs, particularly if the CDFI Fund determines that
the number of awards made through this NOFA is fewer than projected.
D. Coordination with Broader Community Development Strategies:
Consistent with Federal efforts to promote community revitalization, it
is important for communities to develop a comprehensive neighborhood
revitalization strategy that addresses neighborhood assets essential to
transforming distressed neighborhoods into healthy and vibrant
communities. Neighborhood transformation can best occur when
comprehensive neighborhood revitalization plans embrace the coordinated
use of programs and resources that address the interrelated needs
within a community. Although not a requirement for participating in the
CDFI Program, the Federal government believes that a CDFI will be most
successful when it is part of, and contributes to, an area's broader
neighborhood revitalization strategy.
II. Award Information
A. Funding Availability
1. FY 2014 Funding Round: Subject to funding availability, the CDFI
Fund expects to award, through this NOFA, approximately $179 million as
indicated in the following table:
Table 1--FY 2014 Funding Round--Category Amounts
------------------------------------------------------------------------
Proposed total
amount to be
Funding categories awarded
(millions of
dollars)
------------------------------------------------------------------------
Category I/SECA....................................... 15
Category II/Core...................................... 126
TA.................................................... 3
HFFI-FA............................................... 35
-----------------
Total............................................... 179
------------------------------------------------------------------------
The CDFI Fund reserves the right to award more or less than the
amounts cited above in each category in the FY 2014 Funding Round,
based upon available funding and other applicable factors.
In the recent past, Congress mandated that at least ten percent of
the CDFI Program's appropriations be directed to counties that meet
certain criteria for ``persistent poverty.'' This requirement continues
under this NOFA. As a result, the CDFI Fund invites Applicants to
indicate their level of participation in persistent poverty counties in
their FY 2014 applications.
2. Funding Availability for the FY 2014 Funding Round: Funds for
the FY 2014 Funding Round have not yet been appropriated; if Congress
does not appropriate funds for the CDFI Program, there will not be a FY
2014 Funding Round. If funds are appropriated, the amount of such funds
may be greater or less than the amounts set forth above. CDFIs that
quality for the Native American CDFI Assistance (NACA) Program are
encouraged to apply for CDFI Program funds through this NOFA in case no
funds are appropriated for the NACA Program.
All awards made through this NOFA must be used to support the
Applicant's activities. Awards cannot be used to support the activities
of, or otherwise be passed through, transferred, or co-awarded to,
third-party entities, whether Affiliates, Subsidiaries, or others. The
entity that is to carry out the responsibilities of the award and
deploy the award funds (the Awardee) must be the entity that applies
for the award. In the case where a CDFI bank-holding company Applicant
intends to deploy its FA award through its 100 percent wholly-owned
CDFI subsidiary bank, the Application must be made at the CDFI bank-
holding company level and reflect consolidated activities and financial
performance. Authorized representatives of both the holding company and
the bank must certify that the information included in the Application
represents that of the CDFI bank and that the award funds will be used
to capitalize the CDFI bank for the activities outlined in the
Application.
B. Types of Awards
An Applicant may submit an Application for a TA grant or an FA
award, but not both. For purposes of this NOFA, ``FA awards'' include
awards made using CDFI Program FA funds and awards made using HFFI-FA
funds.
1. FA Awards:
FA awards provide flexible financial support to CDFIs so they may
execute the organizational goals outlined in their Applications. FA
awards can be used in the following five categories: (i) Financial
Products; (ii) Financial Services; (iii) Development Services; (iv)
Loan Loss Reserves; and (v) Capital Reserves, and can include up to 15
percent of the total award in Administrative Funds to carry out the
[[Page 65432]]
eligible uses. For purposes of this NOFA, the five categories mean:
Table 2--Five Categories of FA
------------------------------------------------------------------------
------------------------------------------------------------------------
(i) Financial Products....... Loans, grants, equity investments, and
similar financing activities, including
the purchase of loans that the Applicant
originates and the provision of loan
guarantees, in the Applicant's Target
Market, or for related purposes that the
CDFI Fund deems appropriate.
(ii) Financial Services...... Checking and savings accounts, certified
checks, automated teller machines
services, deposit taking, remittances,
safe deposit box services, and other
similar services.
(iii) Development Services... Activities that promote community
development and help the Applicant
provide its Financial Products and
Financial Services, including financial
or credit counseling, housing and
homeownership counseling (pre- and post-
), self-employment technical assistance,
entrepreneurship training, and financial
management skill-building.
(iv) Loan Loss Reserves...... Funds set aside in the form of cash
reserves, or through accounting-based
accrual reserves, to cover losses on
loans, accounts, and notes receivable
made in the Target Market, or for
related purposes that the CDFI Fund
deems appropriate.
(v) Capital Reserves......... Funds set aside as reserves to support
the Applicant's ability to leverage
other capital, for such purposes as
increasing its net assets or serving the
financing needs of its Target Market, or
for related purposes that the CDFI Fund
deems appropriate.
------------------------------------------------------------------------
The CDFI Fund may provide FA awards in the form of equity
investments (including secondary capital in the case of certain Insured
Credit Unions), grants, loans, deposits, credit union shares, or any
combination thereof. As described in this NOFA, FA Applicants must meet
certain matching funds requirements; the form of the FA Applicant's
matching funds will dictate the form of the FA award. The CDFI Fund
reserves the right, in its sole discretion, to provide a 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. HFFI-FA awards:
The CDFI Fund expects to make HFFI-FA awards of up to $5 million to
Certified CDFIs that complete and submit a CDFI/NACA Program
Application and a HFFI-FA Supplemental Questionnaire. The HFFI-FA
Supplemental Questionnaire must be submitted with the CDFI/NACA Program
Application. The CDFI Fund reserves the right to make awards less than
$5 million based upon the questionnaires received and the funds
available. HFFI-FA awards will be provided as a supplement to FA
awards; therefore, only those Applicants that have been selected to
receive a FA award through the CDFI and NACA Programs FY 2014 Funding
Rounds will be eligible to receive a HFFI-FA award. Such Applicants
will be rated and scored separately based upon the HFFI-FA supplemental
questionnaire responses. HFFI-FA Applicants will be rated, among other
elements, on the extent of community need, the quality of their HFFI-FA
strategy, and their capacity to execute that strategy. The CDFI Fund
may, in its discretion, perform additional due diligence on Applicants
for this initiative.
3. TA Grants:
(a) The CDFI Fund provides TA in the form of a grant and reserves
the right, in its sole discretion, to provide a TA grant for amounts
other than which the Applicant requests; however, the TA grant amount
will not exceed the Applicant's request as stated in its Application
and the applicable budget chart.
(b) TA eligible uses are: (i) Personnel/salary; (ii) personnel/
fringe; (iii) professional services; (iv) travel; (v) training; and
(vi) equipment. Please see the Application for details on TA uses. TA
grants must be used to build the Applicant's capacity. An Applicant
that is an Emerging CDFI and has not received a previous TA award will
be rated, among other elements, on its plan to meet the requirements of
a Certified CDFI within two years. An Applicant that is an Emerging
CDFI and a prior TA awardee will be rated, among other elements, on its
plan to meet the CDFI certification goal specified in its previous CDFI
Program Assistance Agreement.
C. Assistance Agreement
All Awardees, prior to receiving award funds, must sign an
Assistance Agreement, which contains the award's terms and conditions.
For further information, see Section VI.A of this NOFA.
III. Eligibility Information
A. Eligible Applicants
The Regulations specify the eligibility requirements that each
Applicant must meet in order to be eligible to apply for assistance
under this NOFA. FA Applicants must be either a Certified CDFI or
Certifiable CDFI as defined below in Table 5 and have submitted a
certification application in accordance with the deadlines in this
NOFA. TA Applicants must be Certifiable or Emerging CDFIs as defined in
Table 5 or Certified CDFIs that meet the SECA criteria in Table 3 of
this NOFA but have not received FA awards after the FY 2008 funding
round.
1. FA Applicant Categories: FA Applicants must meet the criteria
listed in Table 3. Applicants requesting FA funds in excess of the
allowable amount for Category I will be classified as Category II
Applicants, regardless of their total assets, years in operation, or
prior CDFI Fund awards.
[[Page 65433]]
Table 3--FA Applicant Criteria
------------------------------------------------------------------------
Applicant may
FA Applicant category Applicant criteria apply for:
------------------------------------------------------------------------
Category I/Small and/or (1) Is a Certified or Up to and
Emerging CDFI Assistance Certifiable CDFI AND including
(SECA). EITHER. $700,000 in FA
(2) As of the end of funds and up to
the Applicant's most and including
recent fiscal year $5 million in
end or September 30, FA funds
2013, has total through HFFI-
assets as follows:. FA.
Insured
Depository
Institutions and
Depository
Institution Holding
Companies: Up to $250
million.
Insured
Credit Unions: Up to
$10 million.
Venture
capital funds: Up to
$10 million.
Other CDFIs:
Up to $5 million or.
(3) Began operations *
on or after January
1, 2010..
Category II/Core.............. A Certified or Up to and
Certifiable CDFI that including $2
meets all other million in FA
eligibility funds; and up
requirements to and
described in this including $5
NOFA. million in FA
funds through
HFFI-FA.
------------------------------------------------------------------------
* ``Began operations'' is defined as the financing activity start date
indicated in the Applicant's myCDFIFund account.
2. TA Applicants: TA Applicants must meet the following criteria:
Table 4--TA Applicant Criterion
------------------------------------------------------------------------
Applicant can
Applicant type Criteria of applicant apply for:
------------------------------------------------------------------------
TA............................ Certifiable or Up to $125,000
Emerging CDFIs or for capacity-
Certified CDFIs that building
meet the SECA activities.
criteria in Table 3
of this NOFA but have
not received FA
awards after the FY
2008 funding round.
------------------------------------------------------------------------
3. CDFI Certification Requirements:
For purposes of this NOFA, eligible FA Applicants include
Certified/Certifiable CDFIs as defined in Table 5; eligible TA
Applicants must be Certifiable or Emerging CDFIs, as defined in Table 5
or Certified CDFIs that meet the SECA criteria in Table 3 of this NOFA
but have not received FA awards after the FY 2008 funding round. The
CDFI Fund's Regulations require that CDFI Program FA awardees must be
certified.
All Applicants must be certified or recertified as of June 1, 2014
or any date thereafter prior to the announcement of awards; Applicants
that are in a cure period to remedy recertification deficiencies as of
June 1, 2014 or any date thereafter prior to the announcement of awards
will not be eligible for a FA award under this NOFA. Please see the
CDFI Fund's Web site for additional information regarding
recertification and cure periods at Frequently Asked Questions
regarding CDFI Recertification at https://www.cdfifund.gov/docs/2013/certification/Frequently%20Asked%20Questions%20Recert.pdf.
Table 5--CDFI Certification--Requirements
------------------------------------------------------------------------
------------------------------------------------------------------------
Certified CDFI............... An entity the CDFI Fund has officially
notified that meets all CDFI
certification requirements.
A Certified Applicant must submit a
Certification of Material Events form
only if it has experienced a material
event. A ``material event'' is an
occurrence that affects an
organization's strategic direction,
mission, or business operation and,
thereby, its status as a Certified CDFI
and/or its compliance with the terms and
conditions of an Assistance Agreement.
Certifiable CDFI............. An entity that has submitted a
Certification Application to the CDFI
Fund demonstrating that it meets the
CDFI certification requirements but for
which the CDFI Fund has not yet
officially certified the entity. If the
CDFI Fund is unable to certify an
Applicant and the Applicant is selected
for a FA award, the CDFI Fund may, in
its sole discretion, terminate the award
commitment. The CDFI Fund will not enter
into an Assistance Agreement or disburse
FA award funds unless and until an
Applicant is certified.
Emerging CDFI................ A non-certified entity that demonstrates
to the CDFI Fund that it has an
acceptable plan to meet certification
requirements by the end of its FY 2016,
or another date that the CDFI Fund
selects. Emerging CDFIs that have prior
awards will be held to the certification
date in their prior Assistance
Agreements. Emerging CDFIs may only
apply for TA grants; they are not
eligible to apply for FA awards. Each
Emerging CDFI selected to receive a TA
grant will be required to become a
Certified CDFI by a date specified in
the Assistance Agreement.
------------------------------------------------------------------------
4. Limitation on Awards: An Applicant may receive either an award
through this NOFA or an award through the NACA Program FY 2014 NOFA,
but not both. Although eligible Applicants can apply for the CDFI
Program and the NACA Program, they will receive only one FY 2014 award.
B. Prior Awardees
Prior Awardees should note the following:
1. $5 Million Funding Cap: The CDFI Fund is currently 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. In general, the
[[Page 65434]]
three-year period calculated for the cap extends back three years from
the Effective Date of the Assistance Agreement between the Awardee and
the CDFI Fund. However, for purposes of this NOFA, because the funding
cap was waived for FY 2009, FY 2010, and FY 2011, the CDFI Fund will
include awards in the cap calculation that were provided to an
Applicant (or its Subsidiaries or Affiliates) beginning with the FY
2012 Funding Round, excluding FY 2012 HFFI-FA awards. The CDFI Fund
will assess the $5 million funding cap applicability during the award
selection phase.
Please see the following table for other prior Awardee requirements
and considerations.
Table 6--Prior Awardee Requirements and Considerations
------------------------------------------------------------------------
Prior awardee situation Requirements and considerations
------------------------------------------------------------------------
Failure to Meet Reporting The CDFI Fund will not consider an
Requirements. Application submitted by an Applicant
that is not current on reporting
requirements in a previously executed
agreement under any CDFI Fund program as
of this NOFA's Application deadline.
(Please note that the CDFI Fund's
automated systems for receipt of reports
submitted electronically typically
acknowledge only a report's receipt.
Such an acknowledgment does not verify
nor otherwise represent that the report
received was complete and therefore met
reporting requirements.)
Pending Resolution of The CDFI Fund will consider an
Noncompliance. Application pending full resolution of
any noncompliance issues if the
Applicant has: (i) Submitted reports
demonstrating noncompliance with a
previously executed agreement under any
CDFI Fund program, and (ii) the CDFI
Fund has yet to make a final
determination as to whether the
Applicant is in default of its
previously executed agreement.
Default Status............... The CDFI Fund will not consider an
Application submitted by an Applicant
that is in default of a previously
executed agreement under any CDFI Fund
program, at the time of the Application
deadline: (i) If the CDFI Fund has made
a determination that the Applicant is in
default of the agreement and the default
is final; (ii) the CDFI Fund has
provided written notification of the
final default determination to the
Applicant; and (iii) the Application
deadline is within a period of time
specified in the written notification in
which a new Application from the
Applicant is prohibited.
Undisbursed Award Funds & The CDFI Fund will not consider an
Calculations (General). Application submitted by an Applicant
that has undisbursed funds as defined
below, as of the Application deadline.
The CDFI Fund will include the combined
undisbursed prior awards of the
Applicant and its affiliated entities,
including those in which the affiliated
entity Controls the Applicant, is
Controlled by the Applicant, or shares
common management officials with the
Applicant as the CDFI Fund determines.
Undisbursed awards cannot exceed five
percent of the total includable awards
for the Applicant's Bank Enterprise
Award (BEA) Program/CDFI/NACA awards, as
of the Application deadline. (The total
``includable'' award amount is the total
award amount from the relevant CDFI Fund
program.)
The ``undisbursed award funds''
calculation does not include award funds
for: (i) Which the Awardee has submitted
a full and complete disbursement request
before the Application deadline; (ii) an
award that has been terminated or de-
obligated; or (iii) an award that does
not have a fully executed agreement; and
(iv) the tax credit allocation authority
made available through the NMTC Program.
BEA Program Undisbursed For the BEA Program, undisbursed funds
Awards Calculations. will include the Applicant's undisbursed
awards three to five calendar years
prior to the end of the calendar year of
the Application deadline. For purposes
of this NOFA, therefore, undisbursed
awards made in FYs 2008, 2009, and 2010
will be included in the Applicant's
undisbursed award amounts if the funds
have not been disbursed as of the
Application deadline.
CDFI Program Undisbursed For the CDFI Program, undisbursed funds
Awards Calculations. will be calculated by adding all
undisbursed award amounts made to the
Applicant two to five calendar years
prior to the end of the calendar year of
this NOFA. Therefore, undisbursed CDFI
Program awards made in FYs 2008, 2009,
2010, and 2011 will be included in the
undisbursed calculation as of the
Application deadline.
The CDFI Fund reserves the right to
adjust the award amount based upon the
amount of FY 2012 and FY 2013 awards
that remain undisbursed.
------------------------------------------------------------------------
2. Contact the CDFI Fund: Applicants that are prior CDFI Fund
Awardees are advised to: (i) Comply with requirements specified in
their executed agreements, and (ii) contact the CDFI Fund at least 10
business days prior to this NOFA's Application deadline to ensure
necessary actions are underway for the disbursement or de-obligation of
any prior outstanding award balance(s) as referenced above.
C. Matching Funds
1. Matching Funds Requirements in General:
FA Applicants must provide dollar-for-dollar non-Federal matching
funds for every CDFI Program award dollar. The FY 2014 Continuing
Resolution (CR) requires matching funds for Category II/Core FA and
HFFI-FA Applicants only. The CR has waived the matching funds
requirement for Category 1/SECA and NACA Applicants and matching funds
are not required for TA Applicants. Matching funds must be comparable
in form and value to the FA award. This means that Category II FA
Applicants must show they have matching funds in-hand or firmly
committed from non-Federal sources equal to the amount requested from
the CDFI Fund. Applicants cannot use matching funds from a prior FA
award under the CDFI Program or under another federal grant or award
program to satisfy the matching funds requirement of this NOFA. If an
Applicant seeks to use matching funds
[[Page 65435]]
from an organization that was a prior Awardee under the CDFI Program,
the CDFI Fund will deem such funds as Federal funds, unless the funding
entity establishes and the CDFI Fund agrees, that such funds do not
consist, in whole or in part, of CDFI Program funds or other Federal
funds. The CDFI Fund reserves the right to contact the matching funds
source to discuss the matching funds and the documentation that the
Applicant has provided. The CDFI Fund encourages Applicants to review
the Regulations at 12 CFR 1805.500 et seq. and matching funds guidance
materials on the CDFI Fund's Web site for further information.
2. The CDFI Fund will not consider any FA Applicant for an award
that has no matching funds in-hand or firmly committed as of this
NOFA's Application deadline. Specifically, FA Applicants must meet the
following matching funds requirements:
(a) Category II/Core Applicants: A Category II/Core Applicant must
demonstrate that it has eligible matching funds in-hand or firmly
committed, as of January 1, 2012 and the Application due date, that is
equal to no less than 50 percent of the amount requested. The CDFI Fund
reserves the right to rescind all or a portion of a FA award and re-
allocate the rescinded award amount to other qualified Applicant(s), if
an Applicant fails to obtain in-hand 100 percent of the required
matching funds by January 15, 2015 (with required documentation of such
receipt received by the CDFI Fund not later than January 31, 2015). The
CDFI Fund may grant an extension of such matching funds deadline for
specific Applicants selected to receive FA, if the CDFI Fund deems it
appropriate.
(b) HFFI-FA Applicants: All HFFI-FA Applicants must demonstrate
that they have eligible matching funds equal to no less than 75 percent
of the HFFI-FA amount requested in-hand or firmly committed on or after
January 1, 2012, and on or before the Application deadline. (This
requirement is not waived for Category I/SECA and NACA Applicants.) The
CDFI Fund reserves the right to rescind all or a portion of an HFFI-FA
award and re-allocate the rescinded award amount to other qualified
Applicant(s), if an Applicant fails to obtain in-hand 100 percent of
the required matching funds by January 15, 2015 (with required
documentation of such receipt received by the CDFI Fund not later than
January 31, 2015). The CDFI Fund may grant an extension of such
matching funds deadline for specific Applicants selected to receive
HFFI-FA awards, if the CDFI Fund deems it appropriate.
3. Matching Funds Terms Defined; Required Documentation
Table 7--Matching Funds Definitions
------------------------------------------------------------------------
Type of matching funds Definition
------------------------------------------------------------------------
Matching funds ``in-hand.'' The Applicant has actually received
disbursement of the matching funds
and provides acceptable written
documentation, showing the source,
form, and amount of the matching
funds (i.e., grant, loan, deposit,
and equity investment). Applicants
must provide copies of the
following documentation depending
on the type of award being
requested: (i) Loans--the loan
agreement and promissory note; (ii)
grant--the grant letter or
agreement for all grants of $50,000
or more; (iii) equity investment--
the stock certificate and any
related shareholder agreement; (iv)
retained earnings--audits or call
reports from regulating entity. The
Applicant must also provide
acceptable documentation that
demonstrates receipt of the
matching funds, such as a copy of a
check or a wire transfer statement.
Matching funds ``firmly The Applicant has entered into or
committed.'' received a legally binding
commitment from the matching funds
source showing the match funds will
be disbursed to the Applicant. The
Applicant must also provide
acceptable written documentation
showing the source, form, and
amount of the firm commitment (and,
in the case of a loan, the terms
thereof), as well as the
anticipated disbursement date of
the committed funds.
------------------------------------------------------------------------
4. Matching Loan Requests: The CDFI Fund will match eligible loans
provided as non-Federal matching funds with a standard loan product.
The standard loan product will be a 13-year loan with semi-annual
interest-only payments due in years one through ten, and fully
amortizing payments due each year in years eleven through thirteen. The
interest rate is fixed for the term of the note at 1.95 percent, which
is based on the U.S. Department of the Treasury's 10-year Treasury
note. In order for a loan to qualify to be matched by the standard loan
product, the loan must 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.
5. Ineligible Matching Funds: If the CDFI Fund determines that any
portion of the Applicant's matching funds is ineligible, the CDFI Fund,
in its sole discretion, may permit the Applicant to offer alternative
matching funds as a substitute for the ineligible matching funds. In
such instances: (i) The Applicant must provide acceptable alternative
matching funds documentation within a written specified period of time,
no less than two business days, and (ii) the alternative matching funds
documentation will not increase the total amount of FA the Applicant
requested.
6. Retained Earnings: The Regulations allow an Applicant to use
retained earnings to serve as matching funds for a FA award. The CDFI
Fund will calculate retained earnings eligible to be used as matching
funds in an amount equal to: (i) The increase in retained earnings that
has occurred over the Applicant's most recent fiscal year, adjusted to
remove revenue and expenses derived from federal sources and matching
funds previously used for an award; or (ii) the annual average of such
increases that has occurred over the Applicant's three most recent
fiscal years, adjusted to remove revenue and expenses derived from
federal sources and matching funds previously used for an award.
7. Special Rule for Insured Credit Unions: The Regulations allow an
Insured Credit Union to use retained earnings to serve as matching
funds for a FA award. The CDFI Fund will calculate retained earnings
for Insured Credit Unions in an amount equal to: (i) The increase in
retained earnings that occurred over the Applicant's most recent fiscal
year, adjusted to remove revenue from federal Sources and matching
funds previously used for an award; (ii) the annual average of such
increases that has occurred over the Applicant's three most recent
fiscal years, adjusted to remove revenue from federal sources and
matching funds previously used for an award; or (iii) the entire
retained earnings that have been accumulated since the inception of the
Applicant, as provided in the Regulations. If option (iii) is used, the
Applicant must increase its member
[[Page 65436]]
and/or non-member shares and/or total loans outstanding by an amount
equal to the amount of retained earnings committed as matching funds.
This increase will be measured from June 30, 2014 and must occur by the
end of the Awardee's first performance period, as set forth in its
Assistance Agreement, and will be based on amounts reported in the
Applicant's NCUA Form 5300 Call Report. The CDFI Fund will assess the
likelihood of this increase during the Application review process. An
award will not be made to any Applicant that has not demonstrated in
the relevant financial statements or NCUA call report that it has
increased shares and/or loans by at least 25 percent of the requested
FA award amount between December 31, 2012, and December 31, 2013. The
match will not be considered in-hand until the Awardee has increased
its member and/or non-member shares or total loans outstanding within
the time period specified.
IV. Application and Submission Information
A. Application Submission
Applicants must submit Applications electronically through
Grants.gov. The CDFI Fund will not accept Applications through
myCDFIFund accounts nor will Applications be accepted via email, mail,
facsimile, or other forms of communication, except in circumstances
approved by the CDFI Fund beforehand. If Applicants submit multiple
Applications, the CDFI Fund will only review the last Application
submitted; all other Applications will be considered ineligible.
B. Grants.gov
In compliance with Public Law 106-107 and Section 5(a) of the
Federal Financial Assistance Management Improvement Act, the CDFI Fund
is required to accept Applications submitted through the Grants.gov
electronic system. The CDFI Fund strongly recommends Applicants start
the registration process as soon as possible and visit www.grants.gov
immediately. Applicants that have used Grants.gov in the past must
verify that their registration is current and active. New Applicants
must properly register, which may take several weeks to complete.
Pursuant to OMB guidance (68 FR 38402), each Applicant must provide, as
part of its Application submission, a Dun and Bradstreet Universal
Numbering System (DUNS) number. In addition, each Application must
include a valid and current Employer Identification Number (EIN). An
electronic Application that does not include a DUNS number and an EIN
is incomplete and may not be transmitted to the CDFI Fund from
Grants.gov. As a result, Applicants without a DUNS number and EIN
should allow sufficient time for the IRS and/or Dun and Bradstreet to
respond to inquiries and/or requests for identification numbers. The
CDFI Fund will not consider Applicants that fail to properly register
in Grants.gov or to confirm they are properly registered and as a
result, are unable to submit their Applications before the deadline.
Applicants are reminded that the CDFI Fund does not maintain the
Grants.gov registration or submittal process so Applicants must contact
Grants.gov directly for issues related to that aspect of the
Application submission process. Please see the following link for
information on getting started on Grants.gov: https://grants.gov/applicants/organization_registration.jsp.
C. 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.
Applicants must verify that their registration is current and active in
SAM. New Applicants must properly register and wait for the account to
be activated, which does not occur simultaneously and may take weeks to
complete for Applicants that have an EIN. If an Applicant does not have
an EIN, the Applicant should allow several weeks for obtaining the
information from the IRS when requesting the EIN via phone, fax, mail
or Internet. The CDFI Fund will not consider Applicants that fail to
properly register or activate their account in SAM and as a result, are
unable to submit their Applications before the deadline. The CDFI Fund
does not maintain the SAM registration process, so Applicants must
contact SAM directly for issues related to registration. The CDFI Fund
strongly encourages Applicants to ensure that their SAM registration is
updated and that their accounts are active. For information regarding
SAM, please visit https://www.sam.gov/portal/public/SAM/.
D. myCDFIFund Accounts
myCDFIFund is the CDFI Fund's primary means of communication with
Applicants. Every Applicant is responsible for ensuring its myCDFIFund
account is up-to-date at all times. All Applicants must register as an
organization and as a user with myCDFIFund before the Application
deadline. An Applicant that fails to properly register and update its
myCDFIFund account may miss important communication with the CDFI Fund
that could impact its Application. For more information on myCDFIFund,
please see the ``Frequently Asked Questions'' link posted at https://www.cdfifund.gov/myCDFI/Help/Help.asp.
E. Application Content Requirements
The Application and related documents can be found on the
Grants.gov and the CDFI Fund's Web sites. The CDFI Fund anticipates
posting the Application and related documents to the CDFI Fund's Web
site on the same day that the NOFA is released or shortly thereafter.
Once an Application is submitted to Grants.gov, the Applicant will not
be allowed to change any element of the Application. The CDFI Fund,
however, may contact the Applicant to clarify or confirm Application
information.
F. 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. Pursuant to the
Paperwork Reduction Act, the CDFI Program funding Application has been
assigned the following control number: 1559-0021.
G. Application Deadlines
1. Please see the following table for critical deadlines that are
relevant to the FY 2014 Funding Round.
Table 8--FY 2014 Funding Round Application Critical Dates
------------------------------------------------------------------------
Description Date due Time (EST)
------------------------------------------------------------------------
Last day to contact Program December 18, 2013. 5:00 p.m.
staff.
CDFI Program Application for December 23, 2013. 12 midnight.
Assistance.
CDFI Certification Applications November 22, 2013. 5:00 p.m.
[[Page 65437]]
Certification of Material November 22, 2013. 5:00 p.m.
Events Form--only for
Applicants that have had a
Material Event.
------------------------------------------------------------------------
2. Late Delivery: The CDFI Fund will not accept an Application
delivered after the Application deadline or any portion of an
Application that is delivered after the Application deadline.
Applicants are responsible for submitting their Applications on time
through Grants.gov. The CDFI Fund will not grant exceptions or waivers.
Any Application that is deemed ineligible or rejected will not be
returned to the Applicant.
H. Intergovernmental Review
Not applicable.
I. Funding Restrictions
For allowable uses of FA proceeds, please see the Regulations at 12
CFR 1805.301.
V. Application Review Information
A. Format
Applicants must complete, and the CDFI Fund will only accept, the
Application as provided in Grants.gov and the CDFI Fund's Web site. The
FY 2014 Application is a compilation of multiple mandatory documents
including a: (1) A PDF fillable applicant intake form; (2) a Microsoft
Excel Workbook; (3) a Microsoft Word Narrative template; and (4) other
mandatory attachments. (Applicants must use the Microsoft Word
Narrative template the CDFI Fund provides; alternative templates/
formats will not be scored.) Applicants should not submit information
that has not been specifically requested in this NOFA or the
Application. Applicants should not submit documents such as strategic
plans or market studies unless the CDFI Fund has specifically requested
such documents in the Application.
B. Review and Selection Process
1. Eligibility and Completeness Review: The CDFI Fund will review
each Application to determine whether it is complete and the Applicant
meets the eligibility requirements described in Section III of this
NOFA. An incomplete Application or one that does not meet eligibility
requirements will be rejected.
2. Substantive Review: If the Applicant has submitted a complete
and eligible Application, the CDFI Fund will conduct a substantive
review in accordance with the criteria and procedures described in the
Regulations, this NOFA, and the Application guidance. The CDFI Fund
reserves the right to contact the Applicant by telephone, email, or
mail for the sole purpose of clarifying or confirming Application
information. If contacted, the Applicant must respond within the CDFI
Fund's time parameters or run the risk of its Application being
rejected.
3. Application Scoring and Award Selection (FA and TA Applicants):
(a) Application Scoring: The CDFI Fund will evaluate each
Application on the criteria categories and the scoring scale described
in the Application. An Applicant must receive a minimum aggregate score
in order to be considered for an award. The CDFI Fund will score each
part as indicated in the following table:
Table 9--Application Scoring Criteria
------------------------------------------------------------------------
Comprehensive Business Plan
(CBP) sections FA applicants TA applicants
------------------------------------------------------------------------
Executive Summary........... Not Scored.......... Not Scored.
Purpose/Proposal............ 10 points........... 15 points.
Products.................... 10 points........... 10 points.
Policies.................... 10 points........... 10 points.
People...................... 10 points........... 15 points.
Partnerships................ 10 points........... 5 points.
Performance................. 40 points........... 30 points.
Projections................. 10 points........... 15 points.
-------------------------------------------
Total Point............. 100 points.......... 100 points.
------------------------------------------------------------------------
Applicants whose activities are part of a broader neighborhood
revitalization strategy and/or that target marginalized or isolated
populations will be scored more favorably in the section of the
Application pertaining to Partnerships.
(b) Evaluating Prior Award Performance: The CDFI Fund will deduct
points, in accordance with the following table, from Applicants who
have received prior assistance under any CDFI Fund program:
Table 10--Point Deductions
------------------------------------------------------------------------
Issues Descriptions
------------------------------------------------------------------------
Failure to Meet Agreement The CDFI Fund will deduct points from
Requirements. Applicants who have not met requirements
in previously executed agreements under
any CDFI Fund program including
compliance reports due during the
previous 24 months prior to the
Application deadline date.
Failure to Provide Timely The CDFI Fund will deduct points from
Loan Payments. Applicants who have failed to submit
timely loan payments to the CDFI Fund
within the 24 months prior to the
Application deadline (if applicable).
[[Page 65438]]
Incurred De-obligations...... The CDFI Fund will deduct points from
Applicants if funds were de-obligated
for FA awards issued in FY 2010, 2011 or
2012 and if the de-obligation occurred
within the 12 months prior to the
Application deadline. Point deductions
in this funding round for a de-
obligation of a prior award will not be
counted against future FA Applications.
Determination of The CDFI Fund will deduct points from
Discrimination. Applicants if proceedings have been
instituted against them in, by, or
before any court, governmental agency,
or administrative body and a final
determination within the last three
years indicates the Applicant has
discriminated on the basis of race,
color, national origin, disability, age,
marital status, receipt of income from
public assistance, religion, or sex.
------------------------------------------------------------------------
(c) Award Selection: The CDFI Fund will make its final award
selections based on the Applicants' scores; ranked from highest to
lowest, and the amount of funds available. In the case of tied scores,
Applicants will be ranked first according to each Performance score;
then the Purpose score. TA Applicants, Category I, and Category II
Applicants will be grouped and ranked separately. In addition, the CDFI
Fund may consider the institutional and geographic diversity of
Applicants when making its funding decisions.
4. Insured CDFIs: In the case of Insured Depository Institutions
and Insured Credit Unions, the CDFI Fund will consider information
provided by, and views of, the Appropriate Federal Banking Agencies. If
the Applicant is a CDFI bank holding company, the CDFI Fund will
consider information provided by the Appropriate Federal Banking
Agencies of the CDFI bank holding company and the CDFI bank that will
implement the award. Throughout the award review process, the CDFI Fund
will consult with the Appropriate Federal Banking Agency about the
Applicant's financial safety and soundness. If the Appropriate Federal
Banking Agency identifies safety and soundness concerns, the CDFI Fund
will assess whether the concerns cause or will cause the Applicant to
be incapable of undertaking the activities for which funding has been
requested. If it is determined the Applicant is incapable of meeting
its obligations, the CDFI Fund reserves the right to withdraw the award
decision. The CDFI Fund also reserves the right to require Insured CDFI
Applicants to improve safety and soundness conditions prior to
receiving an award disbursement. In addition, the CDFI Fund will take
into consideration Community Reinvestment Act assessments of Insured
Depository Institutions and/or their Affiliates.
5. Award Notification: Each Applicant will be informed of the CDFI
Fund's award decision through a notification in the Applicant's
myCDFIFund account. This includes notification to Applicants that have
not been selected for an award if the decision is based on reasons
other than completeness or eligibility. Applicants that have not been
selected for an award will receive a debriefing notice in their
myCDFIFund account.
6. 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 either adversely affects an
Applicant's eligibility for an award; adversely affects the Awardee'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, it reserves the right,
in its sole discretion, to reject it. 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, it will provide information about the
changes through its Web site. The CDFI Fund's award decisions are final
and there is no right to appeal the decisions.
VI. Award Administration Information
A. Assistance Agreement
Each Applicant selected to receive an award must enter into an
Assistance Agreement with the CDFI Fund in order to receive a
disbursement(s). The Assistance Agreement will set forth the award's
terms and conditions, including but not be limited to the award: (i)
Amount; (ii) type; (iii) uses; (iv) targeted market or activities; (v)
performance goals and measures; and (vi) reporting requirements. FA
Assistance Agreements will usually have three-year performance periods;
TA Assistance Agreements will usually have two-year performance
periods. All FA and TA Awardees that are not Insured CDFIs will be
required to provide the CDFI Fund with a certificate of good standing
from the secretary of state for the Awardee's state of incorporation.
This certificate can often be acquired online on the secretary of state
Web site for the Awardee's state of incorporation and must generally be
dated within 270 days from the date the Awardee executes the Assistance
Agreement. Due to potential backlogs in state government offices,
Applicants are advised to submit requests for certificates of good
standing at the time that they submit their Applications.
If prior to entering into an Assistance Agreement, information
(including administrative error) comes to the CDFI Fund's attention
that adversely affects the Awardee's: (i) Eligibility for an award;
(ii) certification as a CDFI (to the extent that the Award is
conditional upon CDFI certification); or (iii) Application evaluation
as conducted by the CDFI Fund; or (iv) indicates fraud or mismanagement
on the Awardee's part, the CDFI Fund may, in its discretion and without
advance notice to the Awardee, 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 Awardee fails to return
the Assistance Agreement, signed by the authorized representative of
the Awardee, and/or provide the CDFI Fund with any other requested
documentation, within the CDFI Fund's deadlines.
In addition, the CDFI Fund, reserves the right in its sole
discretion, to terminate and rescind the Assistance Agreement and the
award made under this NOFA pending the criteria described in the
following table:
[[Page 65439]]
Table 11--Requirements Prior Executing an Assistance Agreement
------------------------------------------------------------------------
Requirement Criteria
------------------------------------------------------------------------
Failure to Meet Reporting If an Awardee has received prior
Requirements. assistance under any CDFI Fund
program and is not current with the
reporting requirements in the
previously executed agreement(s),
the CDFI Fund can delay entering
into an Assistance Agreement until
reporting requirement are met. If
such an Awardee is unable to meet
the requirement within the
timeframe specified, the CDFI Fund
may terminate and rescind the
Assistance Agreement and the award
made under this NOFA. (Please note
that the automated systems the CDFI
Fund uses for receipt of reports
submitted electronically typically
acknowledges only a report's
receipt; such an acknowledgment
does not warrant that the report
received was complete and therefore
met reporting requirements.)
Failure to Maintain Certification. If an Awardee had applied for an
award as a Certified CDFI and the
certified status is an ongoing
obligation of the award but the
Awardee has failed to preserve and
keep in full force and effect its
certification as a CDFI, the CDFI
Fund may terminate and rescind the
Assistance Agreement and the award
made under this NOFA.
Pending Resolution of If an Awardee has received prior
Noncompliance. assistance under any CDFI Fund
program and if: (i) It has
submitted reports to the CDFI Fund
that demonstrate noncompliance with
a previous executed agreement with
the CDFI Fund; and (ii) the CDFI
Fund has yet to make a final
determination as to whether the
Awardee is in default of its
agreement, the CDFI Fund can delay
entering into an Assistance
Agreement, pending full resolution
of the noncompliance issue to the
CDFI Fund's satisfaction. If the
Awardee 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.
Default Status.................... If, at any time prior to entering
into an Assistance Agreement, the
CDFI Fund determines that an
Awardee is in default of a
previously executed agreement with
the CDFI Fund and the Awardee has
been provided written notification
of such determination, the CDFI
Fund can delay entering into an
Assistance Agreement, until the
Awardee has cured the default by
taking actions the CDFI Fund has
specified within the specified
timeframe. If the Awardee is unable
to meet this requirement and the
CDFI Fund has not specified in
writing that the Awardee is
otherwise eligible to receive an
award under this NOFA, the CDFI
Fund may terminate and rescind the
Assistance Agreement and the award
made under this NOFA.
Final Default and Sanctions....... If prior to entering into an
Assistance Agreement under this
NOFA, the CDFI Fund has: (i) Made a
determination that an Awardee was
in final default of an executed
agreement with the CDFI Fund; and
(ii) provided written notification
of such final default determination
to the Awardee; and (iii) the
anticipated date for entering into
the Assistance Agreement under this
NOFA is within a period of time
specified in such notification in
which any new assistance is
prohibited, the CDFI Fund may
terminate and rescind the
Assistance Agreement and the award
made under this NOFA.
Compliance with Federal Anti- If prior to entering into an
Discrimination Laws. Assistance Agreement under this
NOFA, the Awardee receives a final
determination, made within the last
three years, in any proceeding
instituted against the Awardee in,
by, or before any court,
governmental, or administrative
body or agency, declaring that the
Awardee has discriminated on the
basis of race, color, national
origin, disability, age, marital
status, receipt of income from
public assistance, religion, or
sex, the CDFI Fund may terminate
and rescind the Assistance
Agreement and the award made under
this NOFA.
------------------------------------------------------------------------
B. Reporting
1. Reporting requirements: At least on an annual basis, the CDFI
Fund will collect information from each Awardee including, but not
limited to, an Annual Report with the following components: (i)
Financial Reports, (ii) OMB A-133 audit; (iii) A-133 Narrative Report;
(iv) Institution Level Report; (v) Transaction Level Report (for
Awardees receiving FA awards); (vi) Financial Status Report SF-425 (for
Awardees receiving TA grants); (vii) Uses of Financial Assistance (for
Awardees receiving FA awards); (viii) Uses of Technical Assistance (for
Awardees receiving TA grants); (ix) Explanation of Noncompliance (as
applicable); and (x) such other information as the CDFI Fund may
require. Each Awardee is responsible for the timely and complete
submission of the Annual Report, even if all or a portion of the
documents is actually completed by another entity or signatory to the
Assistance Agreement. If such other entities or signatories are
required to provide Institution Level Reports, Transaction Level
Reports, Financial Reports, or other documentation that the CDFI Fund
may require, the Awardee is responsible for ensuring that the
information submitted is timely and complete. The CDFI Fund reserves
the right to contact such additional entities or signatories to the
Assistance Agreement and require that additional information and
documentation be provided. The CDFI Fund will use such information to
monitor each Awardee's compliance with the requirements in the
Assistance Agreement and to assess the impact of the CDFI Program. All
reports with the exception of the Institution Level Report and the
Transaction Level Report must be electronically submitted directly to
the CDFI Fund via the Awardee's myCDFIFund account. The Institution
Level Report and the Transaction Level Report must be submitted through
the CDFI Fund's web-based data collection system, the Community
Investment Impact System (CIIS) accessed through the Awardee's
myCDFIFund account. The CDFI Fund reserves the right, in its sole
discretion, to modify these reporting requirements if it determines it
to be appropriate and necessary; however, such reporting requirements
will be modified only after notice to Awardees.
2. Accounting: The CDFI Fund will require the Awardee to account
for and track the use of its award. This means that Awardees must track
every dollar and must inform the CDFI Fund of its uses. This will
require Awardees to establish separate administrative and accounting
controls, subject to the applicable OMB Circulars. The CDFI Fund will
provide guidance on the format and content of the annual information to
be provided, outlining and describing how the funds were used. All
Awardees are responsible for ensuring their banking account information
is updated and accurate in the System for Award Management (SAM) as
directed in this NOFA's Section IV. C.
[[Page 65440]]
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 three
business days prior to the Application deadline. During the two
business days prior to the Application deadline, the CDFI Fund will not
respond to questions for Applicants until after the Application
deadline. Applications and other information regarding the CDFI Fund
and its programs may be obtained from the CDFI Fund's Web site at
https://www.cdfifund.gov. The CDFI Fund will post on its Web site
responses to questions of general applicability regarding the CDFI
Program.
B. Applicants may contact the CDFI Fund as follows:
Table 12--Contact Information
Fax number for all offices: 202-453-2466
----------------------------------------------------------------------------------------------------------------
Telephone number (not toll
Type of question free) Email addresses
----------------------------------------------------------------------------------------------------------------
CDFI Program........................... 202-653-0421, option 1.... cdfihelp@cdfi.treas.gov.
Certification, Compliance Monitoring, 202-653-0423.............. ccme@cdfi.treas.gov.
and Evaluation.
MyCDFIFund--IT Help Desk............... 202-653-0300.............. IThelpdesk@cdfi.treas.gov.
----------------------------------------------------------------------------------------------------------------
C. Information Technology Support: People who have visual or
mobility impairments that prevent them from creating a Target Market
map using the CDFI Fund's Web site should call (202) 653-0300 for
assistance (this is not a toll free number).
D. Communication with the CDFI Fund: The CDFI Fund will use contact
information in myCDFIFund to communicate with Applicants and Awardees.
It is imperative; therefore, that Applicants, Awardees, Subsidiaries,
Affiliates, and signatories maintain accurate contact information in
their accounts. This includes information like contact names,
especially for the authorized representative; email addresses; fax and
phone numbers; and office locations. For more information about
myCDFIFund, as well as information on the Community Investment Impact
System, please see the following Web site: https://www.cdfifund.gov/what_we_do/ciis.asp.
VIII. Information Sessions and Outreach
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,
please visit the CDFI Fund's Web site at https://www.cdfifund.gov.
Authority: 12 U.S.C. 4701, et seq; 12 CFR parts 1805 and 1815.
Dated: October 23, 2013.
Donna J. Gambrell,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2013-25948 Filed 10-30-13; 8:45 am]
BILLING CODE 4810-70-P
