Notice of Funds Availability (NOFA) Inviting Applications for the Native American CDFI Assistance Program (NACA Program) for the Fiscal Year (FY) 2014 Funding Round, 65440-65450 [2013-25949]

Download as PDF 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 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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 NACA 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 $12 million in NACA awards for FA and TA Applicants. 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. The CDFI Fund reserves the right to award more or less than the amount cited above in the FY 2014 Funding Round, based upon available funding and other applicable factors. 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 NACA 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 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 with the exception for Sponsoring Entitles that can use TA funds to create a separate legal entity and then transfer the TA funds to help the entity become a Certified CDFI serving a Native Community. The entity that is to carry out the responsibilities of the award and 65441 deploy the award funds (the Awardee) must be the entity that applies for the award. In the case where a CDFI bankholding 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 FA award or a TA grant, but not both. For purposes of this NOFA, ‘‘FA awards’’ include awards made using NACA 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 eligible uses. For purposes of this NOFA, the five categories mean: TABLE 1—FIVE CATEGORIES OF FA (i) Financial Products ........... (ii) Financial Services ........... (iii) Development Services ... (iv) Loan Loss Reserves ...... mstockstill on DSK4VPTVN1PROD with NOTICES (v) Capital Reserves ............ 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. 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 VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 discretion, to provide an FA award in an amount other than that which the Applicant requests; however, the award amount will not exceed the Applicant’s award request as stated in its Application. 2. 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 PO 00000 Frm 00178 Fmt 4703 Sfmt 4703 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 serving Native Communities and has not received a E:\FR\FM\31OCN1.SGM 31OCN1 65442 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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 serving Native Communities and is a prior TA awardee will be rated, among other elements, on its plan to meet the CDFI certification goal specified in its previous NACA 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 In order to be eligible for a NACA FA award, an Applicant must be a Certified CDFI or Certifiable CDFI that has identified one or more Native Communities as part of its certified Target Market. Furthermore, each NACA FA Applicant must demonstrate that at least 50 percent of its past activities were in one or more Native Communities and describe how it will target its lending/investing activities to one or more Native Communities. All NACA FA Applicants must demonstrate strong Community Partnerships with Native Communities as well. In order to be eligible for a TA award, an Applicant must be a Certifiable or Emerging CDFI that serves or will serve Native Communities. A Sponsoring Entity is also eligible to apply for a TA grant if it does not have a prior active award from the CDFI Fund or if the certification goal has been satisfied in its prior active award and it is proposing to create another CDFI that will serve one or more Native Communities. The Sponsoring Entity will be expected to create the Emerging CDFI within one year of the Effective Date in its FY 2014 Assistance Agreement with the CDFI Fund and must include the Emerging CDFI as a co-awardee in the Assistance Agreement once it has been legally created. The Sponsoring Entity and the Emerging CDFI will be given four years from the Effective Date in the FY 2014 Assistance Agreement for the Emerging CDFI to become certified. Beginning in FY 2014, an Emerging CDFI will be allowed to receive no more than three TA awards as an uncertified CDFI. For purposes of this NOFA, a Sponsoring Entity is an entity that proposes to create a separate legal entity that will become a Certified CDFI serving a Native Community. Sponsoring Entities include: (a) A Tribe, Tribal entity, Alaska Native Village, Village Corporation, Regional Corporation, NonProfit Regional Corporation/Association, or Inter-Tribal or Inter-Village organization; or (b) an organization whose primary mission is to serve a Native Community including, but not limited to, an Urban Indian Center, a Tribally Controlled Community College, community development corporation, training or education organization, or Chamber of Commerce and that primarily serves Native Community with ‘‘primary’’ meaning, at least 50 percent of its activities are directed toward the Native Community. 1. Applicant Categories: FA and TA Applicants must meet the criteria listed in the table below. TABLE 2—NACA APPLICANT ELIGIBILITY Applicant category Applicant eligibility Applicant may apply for: FA .............. 1. A Certified or Certifiable CDFI that has identified at least one or more Native Communities as its Target Market, which can include a Native ‘‘Other Targeted Populations’’ (OTP) Target Market. 2. A Certifiable CDFI must submit a certification application in accordance with the deadlines in this NOFA. 3. The Applicant must demonstrate that at least 50 percent of its past activities were in Native Communities and describe how it will target its lending/investing activities to one or more Native Communities. 4. The Applicant must demonstrate strong Community Partnership(s) within the Native Community in its NACA Application. 1. A Certified, Certifiable, or Emerging CDFI that has identified at least one or more Native Community as its Target Market, which can include a Native OTP Target Market. Beginning in FY 2014, an Emerging CDFI will be allowed to receive no more than three TA awards as an uncertified CDFI. 2. A Sponsoring Entity that has not received a prior TA award and can demonstrate the Emerging CDFI will be established within one full fiscal year of the Effective Date in its FY 2014 Assistance Agreement with the CDFI Fund. The Applicant must agree to include the Emerging CDFI as a coawardee once it has been legally created. 3. Sponsoring Entities that have received a prior award must have satisfied the certification goal of the prior award and is proposing to create another CDFI that will serve one or more Native Communities. Up to and including $750,000 in FA funds. mstockstill on DSK4VPTVN1PROD with NOTICES TA .............. 2. CDFI Certification Requirements: For purposes of this NOFA, as defined in the table below, eligible FA Applicants include Certified/Certifiable CDFIs serving Native Communities; eligible TA Applicants include Certified, Certifiable, or Emerging CDFIs serving Native Communities. The table below also includes criteria for using ‘‘Other Targeted Populations’’ as a VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 Target Market for Certification. 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 FA awards under this NOFA. PO 00000 Frm 00179 Fmt 4703 Sfmt 4703 Up to $150,000 for capacity building activities. 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. E:\FR\FM\31OCN1.SGM 31OCN1 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 65443 TABLE 3—CERTIFICATION REQUIREMENTS FOR CDFIS SERVING NATIVE COMMUNITIES Certified CDFI ..................................................... Certifiable CDFI .................................................. Emerging CDFI ................................................... d) Native Other Targeted Population as Target Market. 3. Limitation on Awards: An Applicant may receive either an award through this NOFA or an award through the CDFI Program NOFA, but not both. Although eligible Applicant can apply for the NACA Program and the CDFI Program, it will receive only one FY 2014 award. A Sponsoring Entity is only eligible to apply for an award if it does not have an active prior award or the certification goal in its active award’s Assistance Agreement has been satisfied. An Emerging CDFI serving a Native Community that has received three prior TA awards is not eligible to receive an additional TA award. An entity that the CDFI Fund has officially notified meets all certification requirements for a CDFI. 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 certification requirements for a CDFI, 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 an 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. See Table 6 for the deadline to submit Certification Application. 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. To define these populations for the purposes of this NOFA, the CDFI Fund uses the following definitions, set forth in the Office of Management and Budget (OMB) Notice, Revisions to the Standards for the Classification of Federal Data on Race and Ethnicity (October 30, 1997), as amended and supplemented: (a) American Indian, Native American, or Alaska Native: A person having origins in any of the original peoples of North and South America (including Central America) and who maintains tribal affiliation or community attachment; (b) Native Hawaiian (living in Hawaii): A person having origins in any of the original peoples of Hawaii; and 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 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 4—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. mstockstill on DSK4VPTVN1PROD with NOTICES Pending Resolution of Noncompliance .............. Default Status ..................................................... VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 PO 00000 Frm 00180 Fmt 4703 Sfmt 4703 E:\FR\FM\31OCN1.SGM 31OCN1 65444 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices TABLE 4—PRIOR AWARDEE REQUIREMENTS AND CONSIDERATIONS—Continued Prior awardee situation Requirements and considerations Undisbursed Award Funds ................................. 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 Program/NACA Program 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. 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 NACA Program/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. BEA Program Undisbursed Awards Calculations NACA/CDFI Program Undisbursed Awards Calculations. 2. Contact the CDFI Fund: Applicants that are prior 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. mstockstill on DSK4VPTVN1PROD with NOTICES C. Matching Funds 1. Matching Funds Requirements in General: FA Applicants must provide dollar-for-dollar non-Federal matching funds for every FA NACA 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 NACA Applicants and matching funds are not required for TA Applicants. If matching funds are not waived, they must be comparable in form and value to the FA award. This means that FA Applicants must show they have matching funds VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 in-hand or firmly committed from nonFederal sources equal to the amount requested from the CDFI Fund. Applicants cannot use matching funds from a prior FA award under the NACA or CDFI Programs 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 from an organization that was a prior Awardee under the NACA or CDFI Programs, 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 C.F.R. § 1805.500 et seq. and matching funds guidance materials on the CDFI Fund’s Web site for further information. PO 00000 Frm 00181 Fmt 4703 Sfmt 4703 2. Matching Funds Deadlines: If matching funds are required after this NOFA is released, the CDFI Fund will give NACA Applicants 30 days to submit the matching funds documentation. The Applicant must demonstrate that it has eligible matching funds in-hand or firmly committed equal to no less than 50 percent of the FA amount being requested on or after January 1, 2012 and on or before the Application deadline. The CDFI Fund reserves the right to rescind all or a portion of an FA award and re-allocate the rescinded award amount to other qualified Applicant(s), if an Applicant fails to obtain in-hand 100 percent of the required matching funds by January 15, 2015 (and submitted to the CDFI Fund no later than January 31, 2015). The CDFI Fund may grant an extension of such matching funds deadline for specific FA Applicants if the CDFI Fund deems it appropriate. 3. Matching Funds Terms Defined; Required Documentation E:\FR\FM\31OCN1.SGM 31OCN1 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 65445 TABLE 5—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. 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. mstockstill on DSK4VPTVN1PROD with NOTICES Matching funds ‘‘firmly committed’’ ..................... 4. Matching Loan Requests: The CDFI Fund will match eligible loans provided as non-federal matching funds with a standard loan product. For purposes of this NOFA, 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 will be 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 three-year term. Any loan presented as matching funds with less than a three-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 VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 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. For purposes of this NOFA, if option (iii) is used, the Applicant must increase its member and/or nonmember 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 National Credit Union Administration (NCUA) Form 5300 call report. The CDFI Fund will assess the likelihood of this increase during the Application review process. An award will not be made to any Applicant that has not demonstrated in the relevant 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 PO 00000 Frm 00182 Fmt 4703 Sfmt 4703 December 31, 2012, and December 31, 2013. The match will not be considered in-hand until the Awardee has increased its member and/or nonmember 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 Federal Register 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 E:\FR\FM\31OCN1.SGM 31OCN1 65446 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices transmitted to the CDFI Fund from Grants.gov. As a result, Applicants without a DUNS number and EIN should allow sufficient time for the Internal Revenue Service (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. Each Applicant is responsible for ensuring its myCDFIFund account is up-to-date at all times. Each Applicant 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 6—FY 2014 FUNDING ROUND APPLICATION CRITICAL DATES Description Date due mstockstill on DSK4VPTVN1PROD with NOTICES Last day to contact Program staff .................................................................................. NACA Program Application for Assistance .................................................................... Certification Applications ................................................................................................ Certification of Material Events Form—only for Applicants that have had a Material Event. 2. Late Delivery: The CDFI Fund will not accept an Application or any portion of an Application 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 VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 December December November November 2014 Application is a compilation of multiple mandatory documents including: (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. 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 PO 00000 Frm 00183 Fmt 4703 Sfmt 4703 18, 23, 22, 22, 2013 2013 2013 2013 .................................. .................................. .................................. .................................. Time (ET) 5:00 p.m. 11:59 p.m. 5:00 p.m. 5:00 p.m. 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 E:\FR\FM\31OCN1.SGM 31OCN1 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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 65447 each part as indicated in the following table: TABLE 7—APPLICATION SCORING CRITERIA Comprehensive Business Plan 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 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). 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. Failure to Provide Timely Loan Payments ......... Incurred De-obligations ....................................... 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 and FA 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 VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 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 PO 00000 Frm 00184 Fmt 4703 Sfmt 4703 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 E:\FR\FM\31OCN1.SGM 31OCN1 65448 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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 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: 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 requirements 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 previously 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. Failure to Maintain Certification .......................... Pending Resolution of Noncompliance .............. Default Status ..................................................... mstockstill on DSK4VPTVN1PROD with NOTICES Final Default and Sanctions ............................... VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 PO 00000 Frm 00185 Fmt 4703 Sfmt 4703 E:\FR\FM\31OCN1.SGM 31OCN1 65449 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices TABLE 11—REQUIREMENTS PRIOR EXECUTING AN ASSISTANCE AGREEMENT—Continued Requirement Criteria Compliance with Federal Anti-Discrimination Laws. 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. 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—or 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. 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 NACA Program. B. Applicants may contact the CDFI Fund as follows: TABLE 8—CONTACT INFORMATION [Fax number for all offices: 202–453–2466] Telephone number (not toll free) Email addresses NACA Program ............................................................................................... Certification, Compliance Monitoring, and Evaluation ................................... MyCDFIFund—IT Help Desk .......................................................................... mstockstill on DSK4VPTVN1PROD with NOTICES Type of question 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 VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 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. PO 00000 Frm 00186 Fmt 4703 Sfmt 4703 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. E:\FR\FM\31OCN1.SGM 31OCN1 65450 Federal Register / Vol. 78, No. 211 / Thursday, October 31, 2013 / Notices 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. 2013–25949 Filed 10–30–13; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–NEW] Agency Information Collection (NonDegenerative Arthritis (Including Inflammatory, Autoimmune, Crystalline and Infectious Arthritis) and Dysbaric Osteonecrosis Disability Benefits Questionnaire) Activity Under OMB Review Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: In compliance with the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. 3501–3521), this notice announces that the Veterans Benefits Administration (VBA), Department of Veterans Affairs, will submit the collection of information abstracted below to the Office of Management and Budget (OMB) for review and comment. The PRA submission describes the nature of the information collection and its expected cost and burden; it includes the actual data collection instrument. DATES: Comments must be submitted on or before December 2, 2013. ADDRESSES: Submit written comments on the collection of information through www.Regulations.gov, or to Office of Information and Regulatory Affairs, Office of Management and Budget, Attn: VA Desk Officer; 725 17th St. NW., Washington, DC 20503 or sent through electronic mail to oira_submission@ omb.eop.gov. Please refer to ‘‘OMB Control No. 2900–NEW (NonDegenerative Arthritis (including inflammatory, autoimmune, crystalline and infectious arthritis) and Dysbaric Osteonecrosis Disability Benefits Questionnaire)’’ in any correspondence. mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 19:21 Oct 30, 2013 Jkt 232001 FOR FURTHER INFORMATION CONTACT: Crystal Rennie, Enterprise Records Service (005R1B), Department of Veterans Affairs, 810 Vermont Avenue NW., Washington, DC 20420, (202) 632– 7492 or email crystal.rennie@.va.gov. Please refer to ‘‘OMB Control No. 2900– NEW (Non-Degenerative Arthritis (including inflammatory, autoimmune, crystalline and infectious arthritis) and Dysbaric Osteonecrosis Disability Benefits Questionnaire).’’ SUPPLEMENTARY INFORMATION: Title: Non-Degenerative Arthritis (including inflammatory, autoimmune, crystalline and infectious arthritis) and Dysbaric Osteonecrosis Disability Benefits Questionnaire, VA Form 21– 0960M–3. OMB Control Number: 2900–NEW (Non-Degenerative Arthritis (including inflammatory, autoimmune, crystalline and infectious arthritis) and Dysbaric Osteonecrosis Disability Benefits Questionnaire). Type of Review: New data collection. Abstract: The VA Form 21–0960M–3, Non-Degenerative Arthritis (including inflammatory, autoimmune, crystalline and infectious arthritis) and Dysbaric Osteonecrosis Disability Benefits Questionnaire will be used for disability compensation or pension claims which require an examination and/or receiving private medical evidence that may potentially be sufficient for rating purposes. The form will be used to gather necessary information from a claimant’s treating physician regarding the results of medical examinations and related to the claimant’s diagnosis of a non-degenerative arthritis or osteonecrosis condition. VA will gather medical information related to the claimant that is necessary to adjudicate the claim for VA disability benefits. An agency may not conduct or sponsor, and a person is not required to respond to a collection of information unless it displays a currently valid OMB control number. The Federal Register Notice with a 60-day comment period soliciting comments on this collection of information was published on June 17, 2013, at pages 36305–36306. Affected Public: Individuals or households. Estimated Annual Burden: 25,000. Estimated Average Burden per Respondent: 15 minutes. Frequency of Response: On occasion. Estimated Number of Respondents: 100,000. Dated: October 28, 2013. PO 00000 Frm 00187 Fmt 4703 Sfmt 4703 By direction of the Secretary. Crystal Rennie, VA Clearance Officer, Department of Veterans Affairs. [FR Doc. 2013–25940 Filed 10–30–13; 8:45 am] BILLING CODE 8320–01–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0059] Proposed Information Collection (Statement of Person Claiming To Have Stood in Relation of a Parent) Activity: Comment Request Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: The Veterans Benefits Administration (VBA), Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed revision of a currently approved collection and allow 60 days for public comment in response to the notice. This notice solicits comments on information needed to determine a claimant’s who stood in relation of parents to a deceased Veteran eligibility for death benefits. DATES: Written comments and recommendations on the proposed collection of information should be received on or before December 30, 2013. ADDRESSES: Submit written comments on the collection of information through Federal Docket Management System (FDMS) at www.Regulations.gov or to Nancy J. Kessinger, Veterans Benefits Administration (20M35), Department of Veterans Affairs, 810 Vermont Avenue NW., Washington, DC 20420 or email to nancy.kessinger@va.gov. Please refer to ‘‘OMB Control No. 2900–0059’’ in any correspondence. During the comment period, comments may be viewed online through FDMS. FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at (202) 632–8924 or FAX (202) 632–8925. SUPPLEMENTARY INFORMATION: Under the PRA of 1995 (Pub. L. 104–13; 44 U.S.C. 3501–3521), Federal agencies must obtain approval from the Office of Management and Budget (OMB) for each collection of information they conduct SUMMARY: E:\FR\FM\31OCN1.SGM 31OCN1

Agencies

[Federal Register Volume 78, Number 211 (Thursday, October 31, 2013)]
[Notices]
[Pages 65440-65450]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-25949]


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DEPARTMENT OF THE TREASURY

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.

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 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

[[Page 65441]]

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 
NACA 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 $12 million in 
NACA awards for FA and TA Applicants.
    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. The CDFI Fund reserves the right to award 
more or less than the amount cited above in the FY 2014 Funding Round, 
based upon available funding and other applicable factors.
    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 NACA 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 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 with 
the exception for Sponsoring Entitles that can use TA funds to create a 
separate legal entity and then transfer the TA funds to help the entity 
become a Certified CDFI serving a Native Community. 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 FA 
award or a TA grant, but not both. For purposes of this NOFA, ``FA 
awards'' include awards made using NACA 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 eligible uses. For purposes of this NOFA, the five 
categories mean:

                     Table 1--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 an FA award in 
an amount other than that which the Applicant requests; however, the 
award amount will not exceed the Applicant's award request as stated in 
its Application.
    2. 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 serving Native Communities and has not 
received a

[[Page 65442]]

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 serving Native Communities and is a 
prior TA awardee will be rated, among other elements, on its plan to 
meet the CDFI certification goal specified in its previous NACA 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

    In order to be eligible for a NACA FA award, an Applicant must be a 
Certified CDFI or Certifiable CDFI that has identified one or more 
Native Communities as part of its certified Target Market. Furthermore, 
each NACA FA Applicant must demonstrate that at least 50 percent of its 
past activities were in one or more Native Communities and describe how 
it will target its lending/investing activities to one or more Native 
Communities. All NACA FA Applicants must demonstrate strong Community 
Partnerships with Native Communities as well.
    In order to be eligible for a TA award, an Applicant must be a 
Certifiable or Emerging CDFI that serves or will serve Native 
Communities. A Sponsoring Entity is also eligible to apply for a TA 
grant if it does not have a prior active award from the CDFI Fund or if 
the certification goal has been satisfied in its prior active award and 
it is proposing to create another CDFI that will serve one or more 
Native Communities. The Sponsoring Entity will be expected to create 
the Emerging CDFI within one year of the Effective Date in its FY 2014 
Assistance Agreement with the CDFI Fund and must include the Emerging 
CDFI as a co-awardee in the Assistance Agreement once it has been 
legally created. The Sponsoring Entity and the Emerging CDFI will be 
given four years from the Effective Date in the FY 2014 Assistance 
Agreement for the Emerging CDFI to become certified. Beginning in FY 
2014, an Emerging CDFI will be allowed to receive no more than three TA 
awards as an uncertified CDFI. For purposes of this NOFA, a Sponsoring 
Entity is an entity that proposes to create a separate legal entity 
that will become a Certified CDFI serving a Native Community. 
Sponsoring Entities include: (a) A Tribe, Tribal entity, Alaska Native 
Village, Village Corporation, Regional Corporation, Non-Profit Regional 
Corporation/Association, or Inter-Tribal or Inter-Village organization; 
or (b) an organization whose primary mission is to serve a Native 
Community including, but not limited to, an Urban Indian Center, a 
Tribally Controlled Community College, community development 
corporation, training or education organization, or Chamber of Commerce 
and that primarily serves Native Community with ``primary'' meaning, at 
least 50 percent of its activities are directed toward the Native 
Community.
    1. Applicant Categories: FA and TA Applicants must meet the 
criteria listed in the table below.

                                       Table 2--NACA Applicant Eligibility
----------------------------------------------------------------------------------------------------------------
          Applicant  category                       Applicant eligibility               Applicant may apply for:
----------------------------------------------------------------------------------------------------------------
FA....................................  1. A Certified or Certifiable CDFI that has    Up to and including
                                         identified at least one or more Native         $750,000 in FA funds.
                                         Communities as its Target Market, which can
                                         include a Native ``Other Targeted
                                         Populations'' (OTP) Target Market.
                                        2. A Certifiable CDFI must submit a
                                         certification application in accordance with
                                         the deadlines in this NOFA.
                                        3. The Applicant must demonstrate that at
                                         least 50 percent of its past activities were
                                         in Native Communities and describe how it
                                         will target its lending/investing activities
                                         to one or more Native Communities.
                                        4. The Applicant must demonstrate strong
                                         Community Partnership(s) within the Native
                                         Community in its NACA Application.
TA....................................  1. A Certified, Certifiable, or Emerging CDFI  Up to $150,000 for
                                         that has identified at least one or more       capacity building
                                         Native Community as its Target Market, which   activities.
                                         can include a Native OTP Target Market.
                                         Beginning in FY 2014, an Emerging CDFI will
                                         be allowed to receive no more than three TA
                                         awards as an uncertified CDFI.
                                        2. A Sponsoring Entity that has not received
                                         a prior TA award and can demonstrate the
                                         Emerging CDFI will be established within one
                                         full fiscal year of the Effective Date in
                                         its FY 2014 Assistance Agreement with the
                                         CDFI Fund. The Applicant must agree to
                                         include the Emerging CDFI as a co-awardee
                                         once it has been legally created.
                                        3. Sponsoring Entities that have received a
                                         prior award must have satisfied the
                                         certification goal of the prior award and is
                                         proposing to create another CDFI that will
                                         serve one or more Native Communities.
----------------------------------------------------------------------------------------------------------------

    2. CDFI Certification Requirements: For purposes of this NOFA, as 
defined in the table below, eligible FA Applicants include Certified/
Certifiable CDFIs serving Native Communities; eligible TA Applicants 
include Certified, Certifiable, or Emerging CDFIs serving Native 
Communities. The table below also includes criteria for using ``Other 
Targeted Populations'' as a Target Market for Certification. 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 FA awards 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.

[[Page 65443]]



Table 3--Certification Requirements for CDFIs Serving Native Communities
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Certified CDFI...............  An entity that the CDFI Fund has
                                officially notified meets all
                                certification requirements for a CDFI.
                               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
                                certification requirements for a CDFI,
                                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 an 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.
                               See Table 6 for the deadline to submit
                                Certification Application.
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.
d) Native Other Targeted       To define these populations for the
 Population as Target Market.   purposes of this NOFA, the CDFI Fund
                                uses the following definitions, set
                                forth in the Office of Management and
                                Budget (OMB) Notice, Revisions to the
                                Standards for the Classification of
                                Federal Data on Race and Ethnicity
                                (October 30, 1997), as amended and
                                supplemented:
                                  (a) American Indian, Native American,
                                   or Alaska Native: A person having
                                   origins in any of the original
                                   peoples of North and South America
                                   (including Central America) and who
                                   maintains tribal affiliation or
                                   community attachment;
                                  (b) Native Hawaiian (living in
                                   Hawaii): A person having origins in
                                   any of the original peoples of
                                   Hawaii; and
------------------------------------------------------------------------

    3. Limitation on Awards: An Applicant may receive either an award 
through this NOFA or an award through the CDFI Program NOFA, but not 
both. Although eligible Applicant can apply for the NACA Program and 
the CDFI Program, it will receive only one FY 2014 award. A Sponsoring 
Entity is only eligible to apply for an award if it does not have an 
active prior award or the certification goal in its active award's 
Assistance Agreement has been satisfied. An Emerging CDFI serving a 
Native Community that has received three prior TA awards is not 
eligible to receive an additional TA 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 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 4--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.

[[Page 65444]]

 
Undisbursed Award Funds......  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 Program/NACA
                                Program 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.
NACA/CDFI Program Undisbursed  Undisbursed funds will be calculated by
 Awards Calculations.           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 NACA Program/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 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 FA NACA 
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 NACA Applicants and matching 
funds are not required for TA Applicants. If matching funds are not 
waived, they must be comparable in form and value to the FA award. This 
means that 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 NACA or CDFI Programs 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 from an organization 
that was a prior Awardee under the NACA or CDFI Programs, 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 C.F.R. Sec.  1805.500 et seq. and matching funds guidance 
materials on the CDFI Fund's Web site for further information.
    2. Matching Funds Deadlines: If matching funds are required after 
this NOFA is released, the CDFI Fund will give NACA Applicants 30 days 
to submit the matching funds documentation. The Applicant must 
demonstrate that it has eligible matching funds in-hand or firmly 
committed equal to no less than 50 percent of the FA amount being 
requested on or after January 1, 2012 and on or before the Application 
deadline. The CDFI Fund reserves the right to rescind all or a portion 
of an FA award and re-allocate the rescinded award amount to other 
qualified Applicant(s), if an Applicant fails to obtain in-hand 100 
percent of the required matching funds by January 15, 2015 (and 
submitted to the CDFI Fund no later than January 31, 2015). The CDFI 
Fund may grant an extension of such matching funds deadline for 
specific FA Applicants if the CDFI Fund deems it appropriate.
    3. Matching Funds Terms Defined; Required Documentation

[[Page 65445]]



                   Table 5--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. 
For purposes of this NOFA, 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 will be 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 
three-year term. Any loan presented as matching funds with less than a 
three-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. For purposes of this NOFA, 
if option (iii) is used, the Applicant must increase its member and/or 
non-member shares and/or total loans outstanding by an amount equal to 
the amount of retained earnings committed as matching funds. This 
increase will be measured 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 National Credit Union Administration (NCUA) Form 5300 call 
report. The CDFI Fund will assess the likelihood of this increase 
during the Application review process. An award will not be made to any 
Applicant that has not demonstrated in the relevant 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 Federal Register 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

[[Page 65446]]

transmitted to the CDFI Fund from Grants.gov. As a result, Applicants 
without a DUNS number and EIN should allow sufficient time for the 
Internal Revenue Service (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. Each Applicant is responsible for 
ensuring its myCDFIFund account is up-to-date at all times. Each 
Applicant 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 6--FY 2014 Funding Round Application Critical Dates
------------------------------------------------------------------------
          Description                 Date due            Time (ET)
------------------------------------------------------------------------
Last day to contact Program      December 18, 2013.  5:00 p.m.
 staff.
NACA Program Application for     December 23, 2013.  11:59 p.m.
 Assistance.
Certification Applications.....  November 22, 2013.  5:00 p.m.
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 or 
any portion of an Application 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: (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.

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

[[Page 65447]]

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 7--Application Scoring Criteria
------------------------------------------------------------------------
 Comprehensive Business Plan
          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).
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 and FA 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

[[Page 65448]]

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 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:

     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 requirements 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            If an Awardee had applied for an award as
 Certification.                 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 previously 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.

[[Page 65449]]

 
Compliance with Federal Anti-  If prior to entering into an Assistance
 Discrimination Laws.           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--or 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.

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 NACA 
Program.
    B. Applicants may contact the CDFI Fund as follows:

                                          Table 8--Contact Information
                                   [Fax number for all offices: 202-453-2466]
----------------------------------------------------------------------------------------------------------------
                                         Telephone number (not toll
            Type of question                        free)                          Email addresses
----------------------------------------------------------------------------------------------------------------
NACA 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.

[[Page 65450]]

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. 2013-25949 Filed 10-30-13; 8:45 am]
BILLING CODE 4810-70-P