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]

Download as PDF 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: mstockstill on DSK4VPTVN1PROD with NOTICES 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 VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 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 65431 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 PO 00000 Funding categories Frm 00168 Fmt 4703 Proposed total amount to be awarded (millions of dollars) Sfmt 4703 E:\FR\FM\31OCN1.SGM 31OCN1 65432 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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 ........................................... mstockstill on DSK4VPTVN1PROD with NOTICES 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 VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 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 PO 00000 Frm 00169 Fmt 4703 Sfmt 4703 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. E:\FR\FM\31OCN1.SGM 31OCN1 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 65433 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 http://www. cdfifund.gov/docs/2013/certification/ Frequently%20Asked%20Questions %20Recert.pdf. TABLE 5—CDFI CERTIFICATION—REQUIREMENTS Certified CDFI ..................................................... Certifiable CDFI .................................................. mstockstill on DSK4VPTVN1PROD with NOTICES 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 VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 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: PO 00000 Frm 00170 Fmt 4703 Sfmt 4703 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 E:\FR\FM\31OCN1.SGM 31OCN1 65434 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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 mstockstill on DSK4VPTVN1PROD with NOTICES 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. VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 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 PO 00000 Frm 00171 Fmt 4703 Sfmt 4703 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 E:\FR\FM\31OCN1.SGM 31OCN1 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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 65435 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.’’ mstockstill on DSK4VPTVN1PROD with NOTICES 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 VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 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 PO 00000 Frm 00172 Fmt 4703 Sfmt 4703 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 E:\FR\FM\31OCN1.SGM 31OCN1 65436 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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. mstockstill on DSK4VPTVN1PROD with NOTICES 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: http://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. VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 PO 00000 Frm 00173 Fmt 4703 Sfmt 4703 E:\FR\FM\31OCN1.SGM 31OCN1 65437 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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 mstockstill on DSK4VPTVN1PROD with NOTICES 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 ......... VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 PO 00000 Frm 00174 Fmt 4703 Sfmt 4703 E:\FR\FM\31OCN1.SGM 31OCN1 65438 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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. mstockstill on DSK4VPTVN1PROD with NOTICES 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. VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 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 PO 00000 Frm 00175 Fmt 4703 Sfmt 4703 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: E:\FR\FM\31OCN1.SGM 31OCN1 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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. mstockstill on DSK4VPTVN1PROD with NOTICES 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 VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 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 PO 00000 Frm 00176 Fmt 4703 Sfmt 4703 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. E:\FR\FM\31OCN1.SGM 31OCN1 65440 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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 http:// 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: http://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 mstockstill on DSK4VPTVN1PROD with NOTICES 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 http:// 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 VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 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]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Notice of Funds Availability (NOFA) Inviting Applications for the 
Community Development Financial Institutions Program (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 http://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: http://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 
http://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: http://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 http://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