Native American CDFI Assistance Program (NACA Program) FY 2016 Funding Round, 8342-8357 [2016-03222]
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fax and phone numbers, and office
locations.
D. Civil Rights and Diversity: Any
person who is eligible to receive
benefits or services from CDFI Fund or
Recipients under any of its programs is
entitled to those benefits or services
without being subject to prohibited
discrimination. The Department of the
Treasury’s Office of Civil Rights and
Diversity enforces various Federal
statutes and regulations that prohibit
discrimination in financially assisted
and conducted programs and activities
of the CDFI Fund. If a person believes
that s/he has been subjected to
discrimination and/or reprisal because
of membership in a protected group,
s/he may file a complaint with:
Associate Chief Human Capital Officer,
Office of Civil Rights, and Diversity,
1500 Pennsylvania Ave. NW.,
Washington, DC 20220 or (202) 622–
1160 (not a toll-free number).
VIII. Other Information
A. Paperwork Reduction Act: Under
the Paperwork Reduction Act (44 U.S.C.
chapter 35), an agency may not conduct
or sponsor a collection of information,
and an individual is not required to
respond to a collection of information,
unless it displays a valid OMB control
number. If applicable, the CDFI Fund
may inform Applicants that they do not
need to provide certain Application
information otherwise required.
Pursuant to the Paperwork Reduction
Act, the CDFI Program, and NACA
Program Application has been assigned
the following control number: 1559–
0021.
B. Application Information Sessions:
The CDFI Fund may conduct webinars
or host information sessions for
organizations that are considering
applying to, or are interested in learning
about, the CDFI Fund’s programs. For
further information, please visit the
CDFI Fund’s Web site at https://
www.cdfifund.gov.
Authority: 12 U.S.C. 4701, et seq; 12 CFR
parts 1805 and 1815; 2 CFR part 200.
Mary Ann Donovan,
Director, Community Development Financial
Institutions Fund.
DEPARTMENT OF THE TREASURY
Community Development Financial
Institutions Fund
Native American CDFI Assistance
Program (NACA Program) FY 2016
Funding Round
Funding Opportunity Title: Notice of
Funds Availability (NOFA) inviting
Applications for Financial Assistance
(FA) awards or Technical Assistance
(TA) grants under the Native American
CDFI Assistance Program (NACA
Program) FY 2016 Funding Round.
Announcement Type: Announcement
of funding opportunity.
Funding Opportunity Number: CDFI–
2016–NACA.
Catalog of Federal Domestic
Assistance (CFDA) Number: 21.020.
KEY DATES:
[FR Doc. 2016–03221 Filed 2–17–16; 8:45 am]
BILLING CODE 4810–70–P
TABLE 1—FY 2016 NACA PROGRAM FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS
Deadline
Time (eastern daylight
time—EDT)
Submission method
CDFI Certification Applications ..................
March 18, 2016 .................
5:00 p.m. EDT ...................
SF424 (Application for Federal Assistance).
Last day to contact NACA Program staff ..
March 18, 2016 .................
11:59 p.m. EDT .................
Award Management Information System
(AMIS).
Electronically via Grants.gov.
April 15, 2016 ....................
5:00 p.m. EDT ...................
NACA Program Application for Financial
Assistance (FA) or Technical Assistance (TA).
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Description
April 18, 2016 ....................
11:59 p.m. EDT .................
Executive Summary: Through the
NACA Program, the CDFI Fund
provides (i) FA awards of up to $1
million to Certified Community
Development Financial Institutions
(CDFIs) serving Native American,
Alaska Native, or Native Hawaiian
populations or Native American areas
defined as Federally-designated
reservations, Hawaiian homelands,
Alaska Native Villages and U.S. Census
Bureau-designated Tribal Statistical
Areas (collectively, ‘‘Native
Communities’’) to build their financial
capacity to lend to their Target Markets,
and (ii) TA grants of up to $150,000 to
build Certified, Certifiable, and
Emerging CDFIs’ organizational capacity
to serve their Target Markets and
Sponsoring Entities ability to create
Certified CDFIs that serve Native
Communities. All awards provided
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through this NOFA are subject to
funding availability.
I. Program Description
A. History: The CDFI Fund was
established by the Riegle Community
Development Banking and Financial
Institutions Act of 1994 to promote
economic revitalization and community
development through investment in and
assistance to CDFIs. Since its creation in
1994, the CDFI Fund has awarded over
$2 billion to CDFIs, community
development organizations, and
financial institutions through the
Community Development Financial
Institutions Program (CDFI Program),
the Native American CDFI Assistance
Program (NACA Program), the Bank
Enterprise Award Program (BEA
Program), the Capital Magnet Fund, and
the Financial Education and Counseling
Pilot Program. In addition, the CDFI
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CDFI Fund Helpdesk: 202–653–0421 or
cdfihelp@cdfi.treas.gov.
Electronically via Grants.gov and Awards
Management
Information
System
(AMIS).
Fund has allocated more than $43
billion in tax credit allocation authority
through the New Markets Tax Credit
Program (NMTC Program) and has
obligated $852 million in bond
guarantees to Eligible CDFIs through the
CDFI Bond Guarantee Program.
B. Priorities: Through the NACA
Program’s FA awards and TA grants, the
CDFI Fund invests in and builds the
capacity of for-profit and non-profit
community based lending organizations
known as Community Development
Financial Institutions, or CDFIs. These
organizations, Certified as CDFIs by the
CDFI Fund, serve Native Communities.
C. Program Regulations: The
regulations governing the CDFI Program
are found at 12 CFR parts 1805 and 1815
(the Regulations), and are used by the
CDFI Fund to govern, in general, the
NACA Program, setting forth evaluation
criteria and other program requirements.
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The CDFI Fund encourages Applicants
to review the Regulations, this NOFA,
the Application, and the Uniform
Administrative Requirements, Cost
Principles, and Audit Requirements for
Federal Awards (2 CFR part 200; 78 FR
78590) (Uniform Administrative
Requirements) for a complete
understanding of the NACA Program.
Capitalized terms in this NOFA are
defined in the Regulations, this NOFA,
the Application, or the Uniform
Administrative Requirements. Details
regarding Application content
requirements are found in the
Application and related materials.
D. Uniform Administrative
Requirements, Cost Principles, and
Audit Requirements for Federal Awards
(2 CFR part 200): The Uniform
Administrative Requirements codifies
financial, administrative, procurement,
and program management standards
that Federal award agencies must
follow. When evaluating award
applications, awarding agencies must
evaluate the risks to the program posed
by each applicant, and each applicant’s
merits and eligibility. These
requirements are designed to ensure that
applicants for Federal assistance receive
a fair and consistent review prior to an
award decision. This review will assess
items such as the Applicant’s financial
stability, quality of management
systems, history of performance, and
single audit findings. In addition, the
Uniform Administrative Requirements
includes guidance on audit
requirements and other award
compliance requirements for award
Recipients.
E. Funding limitations: The CDFI
Fund reserves the right to fund, in
whole or in part, any, all, or none of the
Applications submitted in response to
this NOFA. The CDFI Fund also
reserves the right to reallocate funds
from the amount that is anticipated to
be available through this NOFA to other
CDFI Fund initiatives that are designed
to benefit Native American, Native
Hawaiian, and Alaskan Native
communities, particularly if the CDFI
Fund determines that the number of
awards made through this NOFA is
fewer than projected.
II. Federal Award Information
A. Funding Availability:
1. FY 2016 Funding Round: The CDFI
Fund expects to award, through this
NOFA, approximately $15.5 million as
indicated in the following table:
TABLE 2—FY 2016 FUNDING ROUND ANTICIPATED CATEGORY AMOUNTS
Estimated total
amount to be
awarded
(millions)
Funding categories
(see definition in Table 7)
Award amount
Minimum
Maximum
Estimated
number of
awards
Average
amount
awarded in
FY 2015
FA .........................................................................................
TA .........................................................................................
$12.5
3
$100,000
10,000
$1,000,000
150,000
21
21
$606,000
143,000
Total ..............................................................................
Healthy Food Financing Initiative—Financial Assistance
(HFFI–FA) * .......................................................................
15.5
........................
........................
40
........................
22
500,000
5,000,000
11
2,000,000
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* HFFI–FA appropriation will be allocated in one competitive round between the NACA and CDFI Program NOFAs.
The CDFI Fund reserves the right to
award more or less than the amounts
cited above in each category, based
upon available funding and other
factors, as appropriate.
2. Funding Availability for the FY
2016 Funding Round: Funds for the FY
2016 Funding Round were appropriated
in the Consolidated Appropriations Act,
2016 (Pub. L. 114–113).
3. Anticipated Start Date and Period
of Performance: The CDFI Fund
anticipates the period of performance
for the FY 2016 Funding Round will
begin in September 2016. Specifically,
the period of performance for TA grants
begins with the date of the notice of the
award and includes either (i) an
Emerging or Certified CDFI award
Recipient’s two full consecutive fiscal
years after the date of the notice of the
award or (ii) a Sponsoring Entity award
Recipient’s four full consecutive fiscal
years after the date of the notice of the
award, during which the Recipient must
meet the performance goals set forth in
the Assistance Agreement. The period of
performance for FA awards includes an
award Recipient’s three full consecutive
fiscal years after the date of the notice
of the award, during which time the
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Recipient must meet its performance
goals.
B. Types of Awards: Through the
NACA Program, the CDFI Fund
provides two types of awards: Financial
Assistance (FA) and Technical
Assistance (TA) awards. An Applicant
may submit an Application for a TA
grant or an FA award, but not both.
1. FA Awards: FA awards can be in
the form of loans, grants, Equity
Investments, deposits and credit union
shares. The form of the FA award is
based on the form of the matching funds
that the Applicant includes in its
Application, unless Congress waives the
matching funds requirement. Matching
funds are required for FA awards, must
be from non-Federal sources, and
cannot have been used as matching
funds for any other Federal award. The
CDFI Fund reserves the right, in its sole
discretion, to provide an FA award in an
amount other than that which the
Applicant requests; however, the award
amount will not exceed the Applicant’s
award request as stated in its
Application.
2. Healthy Food Financing Initiative—
Financial Assistance (HFFI–FA)
Awards: HFFI–FA awards will be
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provided as a supplement to FA awards;
therefore, only those Applicants that
have been selected to receive an FA
award through the NACA Program FY
2016 Funding Round will be eligible to
receive an HFFI–FA award. HFFI–FA
awards can be in the form of loans,
grants, Equity Investments, deposits and
credit union shares. The form of the
HFFI–FA award is based on the form of
the matching funds that the Applicant
includes in its Application, unless
Congress waives the matching funds
requirement. Matching funds are
required for HFFI–FA awards, must be
from non-Federal sources, and cannot
have been used as matching funds for
any other Federal award. The CDFI
Fund reserves the right, in its sole
discretion, to provide an HFFI–FA
award in an amount other than that
which the Applicant requests; however,
the award amount will not exceed the
Applicant’s award request as stated in
its Application.
3. TA Grants: TA is provided in the
form of grants. The CDFI Fund reserves
the right, in its sole discretion, to
provide a TA grant in an amount other
than which the Applicant requests;
however, the TA grant amount will not
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exceed the Applicant’s request as stated
in its Application and the applicable
budget chart.
C. Eligible Activities:
1. FA Awards:
FA and HFFI–FA award funds can be
expended for activities in the following
five categories: (i) Financial Products;
(ii) Financial Services; (iii) Loan Loss
Reserves; (iv) Development Services;
and (v) Capital Reserves. FA awards can
only be used for direct costs associated
with an eligible activity; no indirect
expenses are allowed. Up to 15 percent
of the FA award can be used for Direct
Administrative Expenses associated
with an eligible FA activity. For
purposes of this NOFA, the five eligible
activity categories are defined as
follows:
TABLE 3—FA AND HFFI–FA ELIGIBLE ACTIVITY CATEGORIES
FA eligible activity
FA eligible activity definition
i. Financial Products ...................................
FA expended as loans, Equity Investments and similar
financing activities (as determined by the CDFI Fund)
including the purchase of loans originated by certified
CDFIs and the provision of loan guarantees; in the
case of CDFI Intermediaries, Financial Products may
also include loans to CDFIs and/or emerging CDFIs
and deposits in Insured Credit Union CDFIs, emerging Insured Credit Union CDFIs, and/or State-Insured
Credit Union CDFIs.
FA expended for providing checking, savings accounts,
check cashing, money orders, certified checks, automated teller machines, deposit taking, safe deposit
box services, and other similar services.
FA 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
Applicant’s Target Market, or for related purposes
that the CDFI Fund deems appropriate.
FA expended for activities undertaken by a CDFI, its
Affiliate or contractor that promote community development and shall prepare or assist current or potential borrowers or investees to use the CDFI’s Financial Products or Financial Services. For example,
such activities include, financial or credit counseling;
home ownership counseling; and business planning
and management assistance.
FA 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 as
the CDFI Fund deems appropriate.
ii. Financial Services ..................................
iii. Loan Loss Reserves ..............................
iv. Development Services ...........................
v. Capital Reserves ....................................
2. TA Grants:
TA grant funds can be expended for
the following seven eligible activity
categories: (i) Compensation—personal
services; (ii) Compensation—fringe
benefits; (iii) Professional Service Costs;
(iv) Travel Costs; (v) Training and
Education Costs; (vi) Equipment and
other capital expenditures; and (vii)
Supplies. Each of the eligible activity
Eligible CDFI institution types
All.
Insured Depository Institutions only.
All.
All.
Insured Depository Institutions only.
categories will not be authorized for
indirect costs and an associated indirect
cost rate. For purposes of this NOFA,
the seven eligible activity categories are
defined as follows:
TABLE 4—TA ELIGIBLE ACTIVITY CATEGORIES
(i) Compensation—personal services .................
(ii) Compensation—fringe benefits ......................
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(iii) Professional service costs .............................
(iv) Travel costs ...................................................
(v) Training and education costs .........................
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TA paid to cover salaries of the Applicant’s personnel that are paid currently or accrued by the
Applicant for work performed directly related to carrying out the purpose of the TA grant (including activities related to becoming certified as a CDFI), subject to the applicable provisions of the Uniform Administrative Requirements.
TA paid to cover costs of the Applicant’s personnel employment (other than the employees’
salaries income) in proportion to the salary charged to the TA grant, to the extent that such
payments are made under formally established and consistently applied organizational policies, subject to the applicable provisions of the Uniform Administrative Requirements.
TA used to pay for professional and consultant services rendered by persons who are members of a particular profession or possess a special skill, and who are not officers or employees of the Recipient, subject to the applicable provisions of the Uniform Administrative
Requirements. Payment for a consultant’s services may not exceed the daily equivalent of
the current maximum rate paid to an Executive Schedule Level IV Federal employee.
TA used to pay expenses for transportation, lodging, subsistence, and related items incurred
by the Applicant’s personnel who are on travel status on business related to the TA grant,
subject to the applicable provisions of the Uniform Administrative Requirements.
TA used to pay the cost of training and education provided for employee development, subject
to the applicable provisions of the Uniform Administrative Requirements.
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TABLE 4—TA ELIGIBLE ACTIVITY CATEGORIES—Continued
(vi) Equipment .....................................................
(vii) Supplies ........................................................
III. Eligibility Information
A. Eligible Applicants: For the
purposes of this NOFA, the following
tables set forth the eligibility criteria to
TA used to pay for tangible personal property, having a useful life of more than one year and
a per-unit acquisition cost of at least $5,000 and subject to the applicable provisions of the
Uniform Administrative Requirements. Examples include office equipment, furnishings, and
information technology equipment and systems.
TA used to pay for tangible personal property with a per unit acquisition of less than $5,000
and subject to the applicable provisions of the Uniform Administrative Requirements.
receive an award from the CDFI Fund,
along with certain definitions of terms.
There are four categories of Applicant
eligibility criteria: (1) CDFI certification
criteria (Table 5); (2) requirements that
apply to all Applicants (Table 6); (3)
requirements that apply to TA
Applicants (Table 7); and (4)
requirements that apply to FA
Applicants (Table 8).
TABLE 5—CDFI CERTIFICATION CRITERIA DEFINITIONS
Certified CDFI ......................................................
Certifiable CDFI ...................................................
Emerging CDFI ...................................................
Sponsoring Entity ................................................
Definition of Native Other Targeted Population
as Target Market.
• An entity that the CDFI Fund has officially notified that it meets all CDFI certification requirements.
• An entity that has submitted a CDFI Certification Application to the CDFI Fund demonstrating that it meets the CDFI certification requirements but which has not yet been officially certified.
• The CDFI Fund will not enter into an Assistance Agreement or make an FA award payment
unless and until an Applicant is a Certified CDFI.
• A non-Certified entity that has not submitted a CDFI Certification Application but demonstrates to the CDFI Fund that it has an acceptable plan to meet certification requirements
by the end of its period of performance, or another date that the CDFI Fund selects.
• An Emerging CDFI that has prior award(s) will be held to the CDFI certification performance
goal and measure(s) stated in its prior Assistance Agreement(s).
• Emerging CDFIs may only apply for TA grants; they are not eligible to apply for FA awards.
• 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.
• Sponsoring Entities include any legal organization that primarily serves Native Community
with ‘‘primary’’ meaning, at least 50 percent of its activities are directed toward the Native
Community.
• An eligible organization that proposes to create a separate legal organization that will become a Certified CDFI serving Native Communities.
• Sponsoring Entities may only apply for TA grants; they are not eligible to apply for FA
awards.
• Each Sponsoring Entity selected to receive a TA grant will be required to create and certify
an Emerging CDFI by the dates specified in the Assistance Agreement.
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; and
(b) Native Hawaiian (living in Hawaii): A person having origins in any of the original peoples of Hawaii.
TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS
Applicant ..............................................................
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Application type and submission overview
through Grants.gov and Awards Management
Information System (AMIS).
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• Only the entity that will carry out the proposed award activities can apply for an award (e.g.,
the intended award Recipient).
• The information in the Application should only reflect the activities of the Applicant, including
the presentation of financial and portfolio information. Do not include financial or portfolio information from parent companies, Affiliates, or Subsidiaries in the Application unless it relates to the provision of Development Services.
• An Applicant that applies on behalf of another organization will be rejected without further
consideration, except for Depository Institution Holding Companies (see below).
• Applicants must submit the required application documents listed in Table 10.
• The CDFI Fund will only accept Applications that use the official application templates provided on the Grants.gov and AMIS Web sites. Applications submitted with alternative or altered templates will not be considered.
• Applicants have a two-step process that requires the submission of application documents
on two separate deadlines and locations: 1) Grants.gov and 2) AMIS.
Æ Grants.gov: Applicants must submit the OMB SF–424, Application for Federal Assistance.
Æ AMIS: Applicants must submit all other required application materials.
Æ All Applicants must register in the Grants.gov and AMIS systems to successfully submit
an application. The CDFI Fund strongly encourages applicants to register early as possible.
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TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS—Continued
Employer Identification Number (EIN) ................
DUNS number .....................................................
Awards Management
(AMIS).
Information
System
501 (c)(4) status ..................................................
Compliance with Federal civil rights requirements.
Depository Institution Holding Company Applicant.
Insured CDFI—Insured Credit Union and Insured Depository Institution.
Use of award .......................................................
Requested award amount for eligible activities ..
Pending resolution of noncompliance .................
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Default or Noncompliance status ........................
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• Grants.gov and the SF–424:
Æ The SF–424 must be submitted in Grants.gov on or before March 18, 2016, the deadline listed in Table 1 and Table 11. Applicants are strongly encouraged to submit their
SF–424 as early as possible in the Grants.gov portal.
Æ The deadline for the Grants.gov submission is before the AMIS deadline.
Æ If the SF–424 is not accepted by Grants.gov by the deadline, the CDFI Fund will not
review any material submitted in AMIS and the application will be deemed ineligible.
• AMIS:
Æ AMIS is a new enterprise-wide information technology system that is replacing the
myCDFI Fund portal and which will be used to submit and store organization and application information with the CDFI Fund.
Æ Applicants are only allowed one submission in AMIS.
Æ Only the Authorized Representative or Application Point of Contact can submit the Application in AMIS.
Æ All other required application materials must be submitted in AMIS on or before the
deadline specified in Tables 1 and 11.
• Applicants must have a unique EIN assigned by the IRS.
• The CDFI Fund will reject an Application submitted with the EIN of a parent or Affiliate organization.
• Pursuant to OMB guidance (68 FR 38402), an Applicant must apply using its unique DUNS
number in Grants.gov.
• The CDFI Fund will reject an Application submitted with the DUNS number of a parent or
Affiliate organization.
• Each Applicant must register as an organization in AMIS and submit all required application
materials through this portal.
• The Authorized Representative and/or Application point of contact must be included as
‘‘users’’ in the Applicant’s AMIS account.
• An Applicant that fails to properly register and update its AMIS account may miss important
communication from the CDFI Fund or not be able to successfully submit an Application.
• Pursuant to 2 U.S.C. 1611, a 501 (c)(4) any organization that engages in lobbying activities
is not eligible for the receipt of a NACA Program award.
• An Applicant may not be eligible to receive an award if proceedings have been instituted
against it in, by, or before any court, governmental agency, or administrative body, and a
final determination within the last three years indicates the Applicant has violated any of the
following laws: Title VI of the Civil Rights Act of 1964, as amended (42 U.S.C. 2000d); Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794); the Age Discrimination Act of
1975, (42 U.S.C. 6101–6107), and Executive Order 13166, Improving Access to Services
for Persons with Limited English Proficiency.
• In the case where a CDFI Depository Institution Holding Company Applicant intends to carry
out the activities of an award through its CDFI Subsidiary Insured Depository Institution, the
Application must be submitted by the CDFI Depository Institution Holding Company and reflect the consolidated activities and financial performance of the CDFI Subsidiary Insured
Depository Institution.
• Authorized representatives of both the Depository Institution Holding Company and the
CDFI Subsidiary Insured Depository Institution must certify that the information included in
the Application represents that of the CDFI Subsidiary Insured Depository Institution and
that the award funds will be used to support the CDFI Subsidiary Insured Depository Institution for the eligible activities outlined in the Application.
• To be eligible for an award, each Insured Depository Institution Applicant must have a
CAMELS/CAMEL (rating for banks and credit unions, respectively), by its Federal regulator
of at least ‘‘4.’’
• Organizations with CAMELS/CAMEL ratings of ‘‘5’’ will not be eligible for awards.
• All awards made through this NOFA must be used to support the Applicant’s activities in at
least one of the FA or TA Eligible Activity Categories (see Section II.C).
• 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 (except Depository Institution Holding Company Applicants.)
• An Applicant must state its requested award amount and proposed eligible activities in the
‘‘Award Request Table’’ of the Purpose section of the Application.
• An Applicant that does not fully complete the ‘‘Award Request Table’’ of the Purpose Application section in the AMIS Web site will not be allowed to submit an Application.
• The CDFI Fund will consider an Application submitted by an Applicant that has pending
noncompliance issues if the CDFI Fund has not yet made a final determination as to whether the Applicant is in default of any of its previously executed award agreement(s).
• The CDFI Fund will not consider an Application submitted by an Applicant that has been
notified by the CDFI Fund in writing that it is in default of a previously executed award
agreement under any CDFI Fund program, at the time of the Application deadline, unless
otherwise indicated by the CDFI Fund in writing. The CDFI Fund will not consider an Application submitted by an Applicant that has been notified by the CDFI Fund in writing that it is
noncompliant with an FY 2015 agreement, or with agreements for fiscal years thereafter,
under any CDFI Fund program, at the time of the Application deadline, unless otherwise indicated by the CDFI Fund in writing.
• The CDFI Fund will not consider any Applicant that has defaulted on a CDFI Program loan
within five years of the Application deadline.
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TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS—Continued
Undisbursed award funds and calculations (general).
• An Applicant that has funds from a prior award that have not been disbursed, as defined in
(a)–(d) below, as of the Application deadline will not be eligible for an award.
(a) The CDFI Fund will include the combined undisbursed award funds of the Applicant
and its Affiliates.
(b) Balances on undisbursed award funds cannot exceed five percent of the combined
BEA Program awards made to the Applicant in FYs 2012, 2013, and 2014.
(c) Balances on undisbursed award funds cannot exceed five percent of the combined
CDFI/NACA Program awards made to the Applicant in FYs 2012, 2013, and 2014.
(d) The undisbursed award funds calculation does not include award funds for: (i) Which
the Recipient 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 award agreement; and (iv) the tax credit allocation
authority made available through the NMTC Program.
TABLE 7—ELIGIBILITY REQUIREMENTS FOR TA APPLICANTS
CDFI certification status ......................................
Matching funds ....................................................
Limitation on Awards ...........................................
Target Market ......................................................
• Certified, Certifiable, Emerging CDFIs, or Sponsoring Entities (see definitions in Table 5).
• Matching funds documentation is not required for TA awards.
• An Emerging CDFI serving Native Communities will be allowed to receive no more than
three TA awards as an uncertified CDFI.
• A Sponsoring Entity is only eligible to apply for an award if (i) it does not have an active
prior award or (ii) the certification goal in its active award’s Assistance Agreement has been
satisfied and it proposes to create another CDFI that will serve one or more Native Communities.
• TA Applicants must demonstrate that the Certified, Certifiable, Emerging CDFI, or the CDFI
to be created by the Sponsoring Entity will primarily serve one or more Native Community
as its Target Market.
TABLE 8—ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS
CDFI certification status ......................................
Activities in Native Communities .........................
Target Market ......................................................
Community Partnership .......................................
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Matching funds documentation ...........................
$5 Million funding cap .........................................
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• Each FA Applicant must be a Certified CDFI prior to the announcement of award decisions.
• An Applicant that is in a cure period to remedy CDFI recertification deficiencies at the time
of award announcements will not be eligible for an FA award under this NOFA.
• For consideration under this NOFA, each FA Applicant must:
Æ Demonstrate that at least 50 percent of its past activities were in one or more Native
Communities; and
Æ describe how it will target its lending/investing activities to one or more Native Communities.
• For consideration under this NOFA, an FA Applicant’s certification Target Market must have
one or more of the following characteristics:
Æ For qualifying with an investment area Target Market, the Applicant must demonstrate
that the investment area approved for certification is also a geographic area of Federally-designated reservations, Hawaiian homelands, Alaska Native Villages and U.S.
Census Bureau designated Tribal Statistical Areas; and/or
Æ For qualifying with an Other Targeted Population (OTP) Target Market, the applicant’s
Target Market approved for certification must be an OTP of Native Americans or American Indians, including Alaska Natives living in Alaska and Native Hawaiians living in
Hawaii.
• Any FA Applicant whose certification Target Market does not meet either of the conditions
above will not be eligible for an FA award under this NOFA.
• All FA Applicants must demonstrate strong Community Partnerships with Native Communities.
• All Applicants must submit acceptable documentation that they have received or will receive
matching funds. Applications that do not submit acceptable matching funds documentation
will not be evaluated.
• Awards will be limited to no more than two times the amount of In-Hand or Committed
matching funds documentation provided at the time of Application.
• Awards will be obligated in like form to the matching funds provided at time of Application.
See Table 9. Matching Funds ‘‘Determination of Award Form’’ for additional guidance.
• Award payments from the CDFI Fund will require eligible dollar-for-dollar In-Hand matching
funds for the total payment amount. Recipients will not receive a payment until 100 percent
of their matching funds are In-Hand.
• The first payment is the estimated amount of award that the Recipient will use for eligible
FA activities in the first 12 months after the award.
• The CDFI Fund will reduce and de-obligate the remaining balance of any Award that does
not demonstrate full dollar-for-dollar matching funds equal to the announced award amount
by the end of the Matching Funds Window.
• The CDFI Fund is prohibited from obligating more than $5 million in CDFI and NACA Program awards, in the aggregate, to any one organization and its Subsidiaries and Affiliates
during any three-year period.
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TABLE 8—ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS—Continued
HFFI–FA ..............................................................
• For purposes of this NOFA, the CDFI Fund will include CDFI and NACA Program final
awards in the cap calculation that were provided to an Applicant (and/or its Subsidiaries or
Affiliates) under the FY 2014, and 2015 funding rounds, as well as the requested FY 2016
award, excluding HFFI–FA awards. The CDFI Fund will make the FY 2016 funding round
award announcements after September 23, 2016.
• All HFFI–FA Applicants must:
Æ Apply for an NACA FA award;
Æ Meet all NACA FA award eligibility requirements; and
Æ Complete and submit a NACA Program Financial Assistance Application along with the
HFFI–FA Application
Æ Provide a HFFI–FA award request amount in the ‘‘Award Request Table’’ of the Purpose section in the Application.
based upon eligible In-Hand matching
funds (see Table 9 for the definition of
In-Hand). The CDFI Fund encourages
Applicants to review the Regulations at
12 CFR 1805.500, the Uniform
Administrative Requirements, and the
matching funds guidance materials,
B. Matching Funds Requirements: In
order to receive an FA award, an
Applicant must provide documentation
of eligible dollar-for-dollar matching
funds. The CDFI Fund will review
matching funds documentation prior to
award payment and will pay funds
which is available on the CDFI Fund’s
Web site and Grants.gov. Table 9
provides a summary of the matching
funds requirements; additional details
are set forth in the Application
materials.
TABLE 9—MATCHING FUNDS REQUIREMENTS
Matching funds requirements by application type
Amount of required match ...................................
Determination of award form ...............................
Matching Funds Window definition .....................
Matching funds and form of award .....................
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In-Hand matching funds definition ......................
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The following Applicants must provide documentation of acceptable matching funds:
• NACA FA Applicants (upon request)*;
• HFFI–FA Applicants. (upon request) *
TA Applicants are not required to provide matching funds.
* The matching funds requirement for HFFI–FA and NACA FA applicants was waived in
the appropriations bill for FY 2016. HFFI–FA and NACA FA applicants are not required
to submit matching funds for their award requests at the time of application.
Applicants must submit supporting documentation of eligible, In-Hand, dollar-for-dollar, nonFederal matching funds for every FA award dollar to be paid by the CDFI Fund. If awarded,
Applicants that did not demonstrate 100% In-Hand matching funds at the time of Application
may experience a longer payment timeline.
FA awards will be made in comparable form and value to the eligible In-Hand or Committed
matching funds documentation submitted by the Applicant.
• For example, if an FA Applicant provides documentation of eligible loan matching funds
for $200,000 and $400,000 of its matching funds in the form of grant, the CDFI Fund
will obligate $200,000 of the FA award as a loan and $400,000 as a grant.
• After awards have been announced, Award Recipients may request the CDFI Fund’s
permission to change the form of their award from loan to grant (by producing eligible
grant matching funds), but will only be eligible to receive a grant equal to the federal
credit subsidy amount associated with the original loan. Applicants will also experience
delays in payments if requested award form changes are approved by the CDFI Fund.
• The Applicant must receive eligible In-Hand matching funds between January 1, 2014 and
January 15, 2017.
• An award Recipient must provide the CDFI Fund with all documentation demonstrating the
receipt of In-Hand matching funds by January 31, 2017.
• Recipients will be approved for a maximum award size of two times the total amount of eligible In-Hand and/or Committed matching funds documentation included in the Application,
so long as they do not exceed the award amount limit.
• The form of the matching funds documented in the Application determines the form of the
award.
• Matching funds are eligible and In-Hand when the Applicant receives payment for the
matching funds and includes acceptable documentation in the Application, showing the
source, form (e.g., grant, loan, deposit, and Equity Investment), amount of the matching
funds, and the date the funds came into physical possession of the applicant.
• The following documentation, depending on the type of award being requested, must be included in the Application:
• Loan—the loan agreement and/or promissory note;
• grant—the grant letter or agreement for all grants of $100,000 or more;
• Equity Investment—the stock certificate and shareholder agreement;
• retained earnings—audits or call reports from regulating entity; and
• third party in-kind contribution—evidence of receipt of contribution and valuation; AND
• clearly legible documentation that demonstrates actual receipt of the matching funds including the date of the transaction and the amount, such as a copy of a check or a wire
transfer statement.
• Grants under $100,000 only require the source name, amount, date of receipt, and source
contact information. Documentation of this information should be available if audited.
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TABLE 9—MATCHING FUNDS REQUIREMENTS—Continued
Committed matching funds definition ..................
Limitations on matching funds ............................
Rights of the CDFI Fund .....................................
Matching funds in the form of third-party in-kind
contributions.
Matching funds in the form of a loan ..................
Severe Constraints Waiver .................................
Ineligible matching funds ....................................
Use of matching funds from a prior CDFI Program Recipient.
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• Matching funds are Committed when the Applicant has entered into or received a legally
binding commitment from the matching funds source showing the matching funds will be
disbursed to the Applicant at a future date.
• The Applicant must provide the CDFI Fund acceptable written documentation showing the
source, form, and amount of the Committed matching funds (including, in the case of a
loan, the terms thereof), as well as the anticipated payment date of the Committed funds.
• Matching funds must be from non-Federal sources.
• Applicants cannot proffer matching funds that were accepted as matching funds for a prior
FA award under the CDFI Program, NACA Program, or under another Federal grant or
award program.
• Matching funds must comply with Regulations at 12 CFR 1805.500 et seq.
• Matching funds must be attributable to at least one of the five eligible FA activities (see
Section II.C).
• The CDFI Fund reserves the right to contact the matching funds source to discuss the
matching funds and the documentation that the Applicant provided.
• The CDFI Fund may grant an extension of the Matching Funds Window (defined in Table
9), on a case-by-case basis, if the CDFI Fund deems it appropriate.
• The CDFI Fund reserves the right to rescind all or a portion of an FA award and re-allocate
the rescinded award amount to other qualified Applicant(s), if an award Recipient fails to obtain In-Hand 100 percent of the required Matching Funds during the Matching Funds Window.
• Third party in-kind contributions are the value of non-cash contributions (i.e., property or
services) provided by non-Federal third parties.
• Third party in-kind contributions will be considered to be in the form of a grant for matching
funds purposes.
• Third party in-kind contributions may be in the form of real property, equipment, supplies,
and other expendable property, and the value of goods and services directly benefiting the
eligible activities.
• For third-party in-kind contributions, the fair market value of goods and services must be
documented.
• Applicants will be responsible for documenting the value of all in-kind contributions as described in the Uniform Administrative Requirements.
• An FA award made in the form of a loan will have the following standardized terms:
• A 13-year term with semi-annual interest-only payments due in years 1 through 10, and fully
amortizing payments due each year in years 11 through 13; and
• A fixed interest rate of 2.2 percent, which was calculated by the CDFI Fund based on the
U.S. Department of the Treasury’s 10-year Treasury note.
• The Applicant’s matching funds loan(s) must:
i. Have a minimum of a 3-year term. Loans presented as matching funds with less than a
3-year term will not qualify as eligible match; and
ii. not be from a Federal source.
• Not more than 25 percent of the total funds available for obligation under this funding round
may be matched under the Severe Constraints Waiver.
• In the case of an Applicant demonstrating severe constraints on available sources of matching funds, the CDFI Fund, in its sole discretion, may permit such Applicant to comply with
the matching funds requirements by reducing such requirements by up to 50 percent.
• In order to be considered eligible for a Severe Constraints Waiver, an Applicant must meet
all of the NACA FA eligibility criteria described in Table 8 and follow the instructions in the
Application materials.
• If the CDFI Fund determines that any portion of the Applicant’s matching funds is ineligible,
the CDFI Fund will permit the Applicant to offer documentation of alternative matching funds
as a substitute for the ineligible matching funds.
• In such instances:
i. The Applicant must provide acceptable alternative matching funds documentation within
the period of time specified by the CDFI Fund, and
ii. the alternative matching funds documentation will not increase the total amount of FA
requested.
If an Applicant offers matching funds documentation from an organization that was a prior Recipient under the CDFI Program, the Applicant must be able to prove to the CDFI Fund’s
satisfaction that such funds do not consist, in whole or in part, of CDFI Program funds or
other Federal funds.
• Retained earnings are eligible for use as matching funds when the CDFI Fund calculates an
amount equal to:
i. The increase in retained earnings that occurred over any one of the Applicant’s fiscal
years within the Matching Funds Window, adjusted to remove revenue and expenses
derived from Federal sources and matching funds previously used for an award; or
ii. the annual average of such increases that occurred over any three consecutive fiscal
years of the Applicant with at least one of the fiscal years occurring within the Matching
Funds Window, adjusted to remove revenue and expenses derived from Federal
sources and matching funds previously used for an award; or
iii. any combination of (i) and (ii) above that does not include matching funds previously
used for an award.
• Retained earnings will be matched with an FA award in the form of a grant or an Equity Investment.
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TABLE 9—MATCHING FUNDS REQUIREMENTS—Continued
Special rule for Insured Credit Unions and Insured Depository Institutions.
IV. Application and Submission
Information
A. Address to Request an Application
Package: Application materials can be
found on Grants.gov and the CDFI
Fund’s Web site at www.cdfifund.gov/
native. Applicants may request a paper
version of any Application material by
contacting the CDFI Fund Help Desk at
cdfihelp@cdfi.treas.gov.
• An Insured Credit Union’s and Insured Depository Institution’s retained earnings are eligible
for use as matching funds when the CDFI Fund calculates an amount equal to:
i. The increase in retained earnings that occurred over any one of the Applicant’s fiscal
years within the Matching Funds Window, adjusted to remove revenue from Federal
sources and matching funds previously used for an award; or
ii. the annual average of such increases that occurred over any three consecutive fiscal
years of the Applicant with at least one of the fiscal years occurring within the Matching
Funds Window, adjusted to remove revenue and expenses derived from Federal
sources and matching funds previously used for an award; or
iii. the entire retained earnings that have been accumulated since the inception of the Applicant, as provided in the Regulations.
• If option (iii) is used for Insured Credit Unions, the Applicant must increase its member and/
or non-member shares and/or total loans outstanding by an amount equal to the amount of
retained earnings committed as matching funds.
• This increase will be measured on a quarterly basis from March 31, 2016, and must
occur by the end of the Recipient’s Year 1 of Performance Period, as set forth in its Assistance Agreement, and will be based on amounts reported in the Applicant’s National
Credit Union Administration (NCUA) form 5300 Call Report.
• The CDFI Fund will assess the likelihood of this increase during the Application review
process.
• An award will not be made to any Applicant that has not demonstrated in the relevant
NCUA form 5300 Call Reports that it has increased shares and/or total loans outstanding by at least 25 percent of the requested FA award amount between December
31, 2014, and December 31, 2015.
• The matching funds are not In-Hand until the Recipient has increased its member and/
or non-member shares, deposits and/or total loans outstanding within the time period
specified.
• If option (iii) is used for Insured Depository Institutions or Depository Institution Holding
Companies, the Applicant or its Subsidiary Insured Depository Institution (in the case of a
Depository Institution Holding Company) must increase deposits and/or total loans outstanding by an amount equal to the amount of retained earnings committed as matching
funds. Please note that Depository Institution Holding Company Applicants must use the call
reports of the CDFI Subsidiary Insured Depository Institution that the requested FA award
will support.
• This increase will be measured on a quarterly basis from March 31, 2016, and must
occur by the end of the Recipient’s Year 1 of Performance Period, as set forth in its Assistance Agreement, and will be based on amounts reported in the Bank Call Report.
• The CDFI Fund will assess the likelihood of this increase during the Application review
process.
• An award will not be made to any Applicant that has not demonstrated in the relevant
call reports that it has increased deposits and/or total loans outstanding by at least 25
percent of the requested FA award amount between December 31, 2014, and December 31, 2015.
• The matching funds are not In-Hand until the Recipient has increased its deposits and/
or total loans outstanding within the time period specified.
• All regulated Applicants utilizing the part (iii) Since Inception rule should refer to the Retained Earnings Guidance document on the Grants.gov and CDFI Fund Web sites.
B. Content and Form of Application
Submission:
All Applications must be prepared
using the English language and
calculations must be made in U.S.
dollars. The following table lists the
required Application documents for the
FY 2016 Funding Round. The CDFI
Fund reserves the right to request and
review other pertinent or public
information that has not been
specifically requested in this NOFA or
the Application. Information submitted
by the Applicant that the CDFI Fund has
not specifically been requested will not
be reviewed or considered as part of the
Application. Information submitted
must accurately reflect the Applicant’s
activities. Financial, portfolio, and
activity information provided in the
Application should only include the
Applicant’s activities.
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TABLE 10—REQUIRED APPLICATION DOCUMENTS
Application documents
Applicant type
SF–424 ....................................................................................................
CDFI Program Application Components:
All Applicants .................................
All Applicants .................................
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Submission format
Fillable PDF in Grants.gov.
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8351
TABLE 10—REQUIRED APPLICATION DOCUMENTS—Continued
Application documents
Applicant type
• Funding Application Detail Related Lists:
• Application Financial Data
Æ Financials and Portfolio
Æ Impacts
Æ Application Activities Levels
Æ Funders (Historic Only) *
• Matching Funds Used (FA Core Only)
• Customer Snapshot Table
• Key Personnel
• Policies
• Product Design
• Narratives
HFFI–FA Application Components:
• Funding Application Detail
• Narratives
ATTACHMENTS TO THE APPLICATION:
Add to ‘‘Related Attachments’’ related list in application.
Matching Funds Documentation .............................................................
* Funders is excluded for Insured
Depository Institutions, TA Applicants, and NACA TA Applicants.
Policies and Procedures .........................................................................
Key Staff Resumes .................................................................................
Organizational Chart ...............................................................................
Audited Financial Statements .................................................................
Management Letters ...............................................................................
Unaudited Financial Statements (if Audited Financial Statements are
not available).
Call Reports .............................................................................................
Current Year to Date—December 31, 2015, Unaudited Financial
Statements.
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Additional Documents As Applicable: Community Partnership Agreement 501(c)(4) Questionnaire Explanation Environmental Review
Form Explanation.
C. Application Submission: The CDFI
Fund has a two-step process that
requires the submission of application
documents on separate deadlines and
locations. The SF–424 must be
submitted through Grants.gov and all
other application documents through
the AMIS portal. The CDFI Fund will
not accept Applications via email, mail,
facsimile, or other forms of
communication, except in extremely
rare circumstances that have been preapproved by the CDFI Fund.
Applicants are only required to
submit the OMB SF–424, Application
for Federal Assistance form in
Grants.gov as all other application
information (listed in Table 10) will be
submitted through AMIS. The deadline
for submitting the SF 424 is 30 days
after the publication of the NOFA. All
other application information must be
submitted in AMIS and only the
Authorized Representative or
Application Point of Contact can submit
the application.
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HFFI–FA Applicants ......................
—Must create new funding application.
AMIS.
FA Core Applicants .......................
PDF or Excel (Retained Earnings
Calculator only) in AMIS.
PDF in AMIS.
PDF or Word document in AMIS.
PDF in AMIS.
PDF in AMIS.
FA Applicants ................................
All Applicants .................................
All Applicants .................................
FA Applicants: Loan funds and
other non-Insured Depository Institutions.
FA Applicants: Loan funds and
other non-Insured Depository Institutions, TA Applicants: If available.
TA Applicants: Loan funds and
other non-Insured Depository Institutions.
FA and TA Applicants: Insured
Depository Institutions only.
FA and TA Applicants: Loan funds
and other non-Insured Depository Institutions.
All Applicants, if applicable ............
Applicants are encouraged to submit
the SF–424 as early as possible through
Grants.gov to provide time to resolve
any submission problems. Applicants
should contact Grants.gov directly with
questions related to the registration or
submission process as the CDFI Fund
does not maintain the Grants.gov
system.
The CDFI Fund strongly encourages
Applicants to start the Grants.gov
registration process as soon as possible
(refer to the following link: https://www.
grants.gov/web/grants/register.html) as
it may take several weeks to complete.
An Applicant that has previously
registered with Grants.gov must verify
that its registration is current and active.
D. Dun & Bradstreet Universal
Numbering System (DUNS): Pursuant to
the Uniform Administrative
Requirements, each Applicant must
provide as part of its Application
submission, a Dun and Bradstreet
Universal Numbering System (DUNS)
number. Applicants without a DUNS
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PDF in AMIS.
PDF in AMIS.
PDF in AMIS.
PDF in AMIS.
PDF or Word document in AMIS.
number will not be able to register and
submit an Application in the Grants.gov
system. Please allow sufficient time for
Dun & Bradstreet to respond to inquiries
and/or requests for DUNS numbers.
E. System for Award Management
(SAM): Any entity applying for Federal
grants or other forms of Federal
financial assistance through Grants.gov
must be registered in SAM before
submitting its Application. The SAM
registration process can take several
weeks to complete. Applicants that have
previously completed the SAM
registration process must verify that
their SAM accounts are current and
active. Each Applicant must continue to
maintain an active SAM registration
with current information at all times
during which it has an active Federal
award or an Application under
consideration by a Federal awarding
agency. The CDFI Fund will not
consider any Applicant that fails to
properly register or activate its SAM
account and, as a result, is unable to
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submit its Application by the
Application deadline. Applicants must
contact SAM directly with questions
related to registration or SAM account
changes as the CDFI Fund does not
maintain this system. For more
information about SAM, please visit
https://www.sam.gov.
F. Submission Dates and Times:
1. Submission Deadlines: The
following table provides the critical
deadlines for the FY 2016 Funding
Round.
TABLE 11—FY 2016 FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS
Deadline
Time
(EDT)
Submission method
CDFI Certification Applications ..................
March 18, 2016 .................
5:00 p.m. EDT ...................
SF424 (Application for Federal Assistance).
Last day to contact NACA Program staff ..
March 18, 2016 .................
11:59 p.m. EDT .................
Award Management Information System
(AMIS).
Electronically via Grants.gov.
April 15, 2016 ....................
5:00 p.m. EDT ...................
NACA Program Application for Financial
Assistance (FA) or Technical Assistance (TA).
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Description
April 18, 2016 ....................
11:59 p.m. EDT .................
2. Confirmation of Application
Submission in Grants.gov and AMIS:
Applicants are required to submit the
OMB SF–424, Application for Federal
Assistance through the Grants.gov
system and must submit all other
required application materials through
the AMIS Web site. Application
materials submitted through both
systems are due by the application
deadlines. Applicants must submit the
SF 424 on an earlier deadline from the
other required application materials in
AMIS. If the SF–424 is not successfully
accepted by Grants.gov by the deadline,
the CDFI Fund will not review any of
the material submitted in AMIS and the
Application will be deemed ineligible.
(a) Grants. Gov. Submission
Information: Each Applicant will
receive an email from Grants.gov
immediately after submitting the SF–
424 confirming that the submission has
entered the Grants.gov system. This
email will contain a tracking number for
the submitted SF–424. Within 48 hours,
the Applicant will receive a second
email, which will indicate if the
submitted SF–424 was either
successfully validated or rejected with
errors. However, Applicants should not
rely on the email notification from
Grants.gov to confirm that their SF–424
was validated. Applicants are strongly
encouraged to use the tracking number
provided in the first email to closely
monitor the status of their SF–424 by
contacting the helpdesk at Grants.gov
directly. The Application material
submitted in AMIS is not officially
accepted by the CDFI Fund until
Grants.gov has validated the SF–424.
(b) Award Management Information
System (AMIS) Submission Information:
AMIS is a web-based portal where
Applicants will directly enter their
application information and add
required attachments listed in Table 10.
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AMIS will verify that the Applicant
provided the minimum information
required to submit an Application.
Applicants are responsible for the
quality and accuracy of the information
and attachments included in the
Application submitted in AMIS. The
CDFI Fund strongly encourages the
Applicant to allow sufficient time to
confirm the Application content, review
the material submitted, and remedy any
issues prior to the Application deadline.
Only the Authorized Representative or
the application Point of Contact can
submit the Application. Applicants can
only submit one Application. Upon
submission, the Application will be
locked and cannot be resubmitted,
edited, or modified in any way. The
CDFI Fund will not unlock or allow
multiple Applications submissions.
3. Late Submission: The CDFI Fund
will not accept an Application
submitted after the Application
deadline except where the submission
delay was a direct result of a Federal
government administrative or
technological error. In such case, the
Applicant must submit a request for
acceptance of late Application
submission and include documentation
of the error no later than two business
days after the Application deadline. The
CDFI Fund will not respond to request
for acceptance of late Application
submissions after that time period.
Applicants must submit late
Application submission requests to the
CDFI Helpdesk at cdfihelp@
cdfi.treas.gov with a subject line of
‘‘Late Application Submission Request.’’
G. Funding Restrictions: FA, HFFI–FA
and TA awards are limited by the
following:
1. FA awards:
(a) An award Recipient shall use FA
funds only for the eligible activities
described in Section II. Award
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CDFI Fund Helpdesk: 202–653–0421 or
cdfihelp@cdfi.treas.gov.
Electronically via Awards Management
Information System (AMIS).
Description (C)(1) of this NOFA and its
Assistance Agreement.
(b) A Recipient may not distribute FA
funds to an Affiliate, Subsidiary, or any
other entity, without the CDFI Fund’s
prior written approval.
(c) FA funds shall only be paid to the
Recipient.
(d) The CDFI Fund, in its sole
discretion, may pay FA funds in
amounts, or under terms and
conditions, which are different from
those requested by an Applicant.
2. HFFI–FA awards:
(a) An award Recipient shall use
HFFI–FA funds only for the eligible
activities described in Section II. Award
Description (C)(1) of this NOFA and its
Assistance Agreement.
(b) A Recipient may not distribute
HFFI–FA funds to an Affiliate,
Subsidiary, or any other entity, without
the CDFI Fund’s prior written approval.
(c) HFFI–FA funds shall only be paid
to the Recipient.
(d) The CDFI Fund, in its sole
discretion, may pay HFFI–FA funds in
amounts, or under terms and
conditions, which are different from
those requested by an Applicant.
3. TA grants:
(a) An award Recipient shall use TA
funds only for the eligible activities
described in Section II. Award
Description (C)(2) of this NOFA and its
Assistance Agreement.
(b) A Sponsoring Entity award
Recipient must create, as a legal entity,
the Emerging CDFI no later than the end
of the first year of the period of
performance, whereupon the
Sponsoring Entity must request the
CDFI Fund to amend the Assistance
Agreement and add the Emerging CDFI
as a co-Recipient thereto, with the
Sponsoring Entity, thereby transferring
any and all remaining balances and/or
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assets derived from the TA award to the
Emerging CDFI.
(c) A Recipient may not distribute TA
funds to an Affiliate, Subsidiary or any
other entity, without the CDFI Fund’s
prior written consent.
(d) TA funds shall only be paid to the
Recipient.
(e) The CDFI Fund, in its sole
discretion, may pay TA funds in
amounts, or under terms and
conditions, which are different from
those requested by an Applicant.
V. Application Review Information
1. Criteria: 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, the Application
guidance, and the Uniform
Administrative Requirements. 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 time period communicated
by the CDFI Fund or run the risk that
its Application will be rejected.
(a) Application Scoring and Award
Selection (FA, HFFI–FA, and TA): The
CDFI Fund will evaluate each
Application using the FA and TA
Application Scoring Criteria described
in the Application. An Applicant must
receive a minimum 40 percent of the
total score for the FA, HFFI–FA, and TA
components in order to be considered
for an award. An Applicant that is an
Emerging CDFI and has not received a
previous TA award will be rated, among
other elements, on its plan to meet the
requirements of a Certified CDFI within
two years of the beginning of the period
of performance. In addition, an
Emerging CDFI Applicant that is a prior
TA Recipient will be rated, among other
elements, on its plan to meet the CDFI
certification goal specified in its
previous Assistance Agreement. A
Sponsoring Entity Applicant will be
rated, among other elements, on its plan
to create an Emerging CDFI by the end
of the first year of the performance
period and comply with CDFI
Certification requirements within four
years of the beginning of the period of
performance.
The CDFI Fund will score each part
as indicated in Tables 12 and 13.
TABLE 12—FA & TA APPLICATION SCORING CRITERIA
FA applicants
(points)
FA & TA narrative sections
TA applicants
(points)
Executive Summary .................................................................................................................................................
Purpose/Proposal ....................................................................................................................................................
Products ...................................................................................................................................................................
Policies .....................................................................................................................................................................
People ......................................................................................................................................................................
Partnerships .............................................................................................................................................................
Performance ............................................................................................................................................................
Projections ...............................................................................................................................................................
Not Scored
10
10
10
10
10
40
10
Not Scored
15
10
10
15
5
30
15
Total Points .......................................................................................................................................................
100
100
TABLE 13—HFFI–FA APPLICATION SCORING CRITERIA
HFFI–FA
applicants
(points)
HFFI–FA narrative sections
4
5
2
7
7
Total Points ...................................................................................................................................................................................
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HFFI Target Market Profile ..................................................................................................................................................................
Healthy Food Financial Products ........................................................................................................................................................
Healthy Food Development Services ..................................................................................................................................................
Projected HFFI–FA Activities ...............................................................................................................................................................
HFFI Track Record, Management Capacity for Providing Healthy Food Financing, Healthy Food Financing Outcomes ................
25
2. Review and Selection Process. All
Applications will be initially evaluated
by external non-Federal reviewers who
are selected based on criteria that
includes: a professional background in
community and economic development
finance; understanding of community
and economic development in Native
Communities; experience reviewing
financial statements of all CDFI
institution types; and experience
performing underwriting of community
and economic development projects.
Reviewers must complete the CDFI
Fund’s conflict of interest process and
be approved by the CDFI Fund. The
CDFI Fund’s application reader conflict
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of interest policy is located on the CDFI
Fund’s Web site.
TA Applications will be evaluated by
one external reviewer; FA and HFFI–FA
Applications will be evaluated by three
external reviewers. All Applications
will be reviewed in accordance with
reviewer evaluation materials.
Applications will be ranked based on
Application scores, from highest to
lowest. In the case of tied scores,
Applicants will be ranked first
according to each Performance score,
then the Purpose section. TA
Applicants, FA Applicants, and HFFI–
FA Applicants will be grouped and
ranked separately.
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3. Programmatic and Financial Risk
Analysis. The CDFI Fund conducts three
additional levels of due diligence for
Applications that are in scoring
contention for an award. This due
diligence includes an analysis of
programmatic and financial risk factors
including, but not limited to: financial
stability; quality of management systems
and ability to meet award management
standards; history of performance in
managing Federal awards (including
timeliness of reporting and compliance);
reports and findings from audits; and
the Applicant’s ability to effectively
implement Federal requirements.
Award amounts may be reduced as a
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result of this analysis. In addition, for
FA awards, the CDFI Fund may reduce
awards sizes from requested amounts
based on certain variables, including an
Applicant’s loan disbursement activity,
total portfolio outstanding, and similar
factors. Lastly, the CDFI Fund may
consider geographic diversity of
Applicants when making its funding
decisions.
4. Insured Depository Institutions: The
CDFI Fund will consider safety and
soundness information from the
Appropriate Federal or State Banking
Agency. If the Applicant is a CDFI
Depository Institution Holding
Company, the CDFI Fund will consider
information provided by the
Appropriate Federal or State Banking
Agencies about both the CDFI
Depository Institution Holding
Company and the CDFI Certified
Insured Depository Institution that will
expend and carry out the award. If the
Appropriate Federal Banking Agency or
Appropriate State Agency identifies
safety and soundness concerns, the
CDFI Fund will assess whether the
concerns cause or will cause the
Applicant to be incapable of
undertaking the activities for which
funding has been requested.
5. Non-Regulated Institutions: In
accordance with the NACA Program’s
authorizing statute and regulations, the
CDFI Fund must ensure, to the
maximum extent practicable, that
recipients that are non-regulated CDFIs
are financially and managerially sound
and maintain appropriate internal
controls (12 U.S.C. 4707(f)(1)(A) and 12
CFR 1805.800(b)). Further, the CDFI
Fund must determine that an
Applicant’s capacity to operate as a
CDFI will not be dependent upon
assistance from the CDFI Fund for
continued viability (12 U.S.C.
4704(b)(2)(A)). If it is determined the
Applicant is incapable of meeting these
requirements, the CDFI Fund reserves
the right to deem the Applicant
ineligible or terminate the award.
6. Anticipated Award Announcement:
The CDFI Fund anticipates making the
NACA Program award announcement
after September 23, 2016 and before
September 30, 2016.
7. Application Rejection: The CDFI
Fund reserves the right to reject an
Application if information (including
administrative error) comes to the CDFI
Fund’s attention that either: adversely
affects an Applicant’s eligibility for an
award; adversely affects the Recipient’s
certification as a CDFI (to the extent that
the award is conditional upon CDFI
certification); adversely affects the CDFI
Fund’s evaluation or scoring of an
Application; or indicates fraud or
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19:03 Feb 17, 2016
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mismanagement on the Applicant’s part.
If the CDFI Fund determines any
portion of the Application is incorrect
in a material respect, the CDFI Fund
reserves the right, in its sole discretion,
to reject the Application. The CDFI
Fund reserves the right to change its
eligibility and evaluation criteria and
procedures, if the CDFI Fund deems it
appropriate. If the changes materially
affect the CDFI Fund’s award decisions,
the CDFI Fund will provide information
about the changes through its Web site.
The CDFI Fund’s award decisions are
final and there is no right to appeal the
decisions.
VI. Federal Award Administration
Information
A. Award Notification: Each
successful Applicant will receive an
email ‘‘notice of award’’ notification
from the CDFI Fund stating that its
Application has been approved for an
award. Each Applicant not selected for
an award will receive an email stating
that a debriefing notice has been
provided in its AMIS account.
B. Assistance Agreement: Each
Applicant selected to receive an award
must enter into an Assistance
Agreement with the CDFI Fund in order
to receive a payment(s). The Assistance
Agreement will set forth the award’s
terms and conditions, including but not
be limited to the: (i) Award amount; (ii)
award type; (iii) award uses; (iv) eligible
use of funds; (v) performance goals and
measures; and (vi) reporting
requirements. FA Assistance
Agreements have three-year periods of
performance; TA Assistance Agreements
have two-year periods of performance
for Emerging and Certified CDFI TA
Recipients and four-year periods of
performance for Sponsoring Entity TA
Recipients. Upon creation of the
Emerging CDFI, the Sponsoring Entity
will request the CDFI Fund to amend
the Assistance Agreement and add the
Emerging CDFI as a party thereto; the
Emerging CDFI, as co-awardee, must
comply with all of the requirements in
the Assistance Agreement, including all
program goals and measures.
1. Certificate of Good Standing: All
FA and TA Recipients that are not
Insured Depository Institutions will be
required to provide the CDFI Fund with
a certificate of good standing from the
secretary of state for the Recipient’s
State of incorporation prior to closing.
This certificate can often be acquired
online on the secretary of state Web site
for the Recipient’s State of incorporation
and must generally be dated within 270
days before the date the Recipient
executes the Assistance Agreement. Due
to potential backlogs in State
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Frm 00182
Fmt 4703
Sfmt 4703
government offices, Applicants are
advised to submit requests for
certificates of good standing no later
than 60 days after they submit their
Applications.
2. Closing: Pursuant to the Assistance
Agreement, there will be an initial
closing at which point the Assistance
Agreement and related documents will
be properly executed and delivered, and
an initial payment of FA or TA may be
made. FA Recipients that are subject to
the matching funds requirement will not
receive a payment until 100 percent of
their matching funds are In-Hand. The
first payment is the estimated amount of
award that the Recipient states in its
Application that it will use for eligible
FA or TA activities in the first 12
months after the award.
The CDFI Fund will minimize the
time between the Recipient incurring
costs for eligible activities and award
payment based on what is
administratively feasible. The advanced
payments for eligible activities will
occur no more than one year in advance
of the Recipient incurring costs for the
eligible activities. Following the initial
closing, there may be subsequent
closings involving additional award
payments. Any documents in addition
to the Assistant Agreement that are
connected with such subsequent
closings and payments shall be properly
executed and timely delivered by the
Recipient to the CDFI Fund.
3. Requirements Prior to Entering into
an Assistance Agreement: If, prior to
entering into an Assistance Agreement,
information (including administrative
error) comes to the CDFI Fund’s
attention that: Adversely affects the
Recipient’s eligibility for an award;
adversely affects the Recipient’s
certification as a CDFI (to the extent that
the award is conditional upon CDFI
certification); adversely affects the CDFI
Fund’s evaluation of the Application;
indicates that the Recipient is not in
compliance with any requirement listed
the Uniform Administrative
Requirements; or indicates fraud or
mismanagement on the Recipient’s part,
the CDFI Fund may, in its discretion
and without advance notice to the
Recipient, terminate the award or take
such other actions as it deems
appropriate. The CDFI Fund reserves
the right, in its sole discretion, to
rescind an award if the Recipient fails
to return the Assistance Agreement,
signed by the authorized representative
of the Recipient, and/or provide the
CDFI Fund with any other requested
documentation, within the CDFI Fund’s
deadlines.
In addition, the CDFI Fund reserves
the right, in its sole discretion, to
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terminate and rescind the Assistance
Agreement and the award made under
8355
this NOFA pending the criteria
described in the following table:
TABLE 14—REQUIREMENTS PRIOR TO EXECUTING AN ASSISTANCE AGREEMENT
Requirement
Criteria
Failure to meet reporting requirements ...............
• If a Recipient received a prior award 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 or disbursing an award until reporting requirements are met.
• If such a Recipient is unable to meet the requirement within the timeframe specified, the
CDFI Fund may terminate and rescind the Assistance Agreement and the award made
under this NOFA.
• The automated systems the CDFI Fund uses only acknowledge a report’s receipt, not a determination of meeting reporting requirements.
• An FA Recipient must be a Certified CDFI prior to entering into an Assistance Agreement.
• If an FA Recipient fails to maintain CDFI Certification, the CDFI Fund will terminate and rescind the Assistance Agreement and the award made under this NOFA.
• The CDFI Fund will delay entering into an Assistance Agreement with a Recipient that has
pending noncompliance issues if the CDFI Fund has not yet made a final determination as
to whether the Recipient is in default of its previously executed award agreement(s).
• If the Recipient is unable to satisfactorily resolve the compliance issues, the CDFI Fund
may terminate and rescind the Assistance Agreement and the award made under this
NOFA.
• If, at any time prior to entering into an Assistance Agreement, the CDFI Fund determines
that an Recipient is in default of a previously executed agreement with the CDFI Fund and
the Recipient has been provided written notification of such determination, the CDFI Fund
can delay entering into an Assistance Agreement, until the Recipient has cured the default
by taking actions the CDFI Fund has specified within the specified timeframe. Further, if, at
any time prior to entering into an Assistance Agreement, the CDFI Fund determines that an
Recipient is noncompliant with an FY 2015 or later award agreement with the CDFI Fund
and the Recipient has been provided written notification of such determination, the CDFI
Fund can delay entering into an Assistance Agreement, until the Recipient has cured the
noncompliance by taking actions the CDFI Fund has specified within the specified timeframe.
• If the Recipient is unable to meet the cure requirement within the specified timeframe, the
CDFI Fund may terminate and rescind the Assistance Agreement and the award made
under this NOFA.
If the CDFI Fund has found the Recipient in final default of a prior executed agreement and
provided notification of sanctions, the CDFI Fund may terminate and rescind the Assistance
Agreement and the award made under this NOFA within the time period specified in such
notification.
If prior to entering into an Assistance Agreement under this NOFA, the Recipient receives a
final determination, made within the last three years, in any proceeding instituted against the
Recipient in, by, or before any court, governmental, or administrative body or agency, declaring that the Recipient has violated the following laws: Title VI of the Civil Rights Act of
1964, as amended (42 U.S.C. 2000d); Section 504 of the Rehabilitation Act of 1973 (29
U.S.C. 794); the Age Discrimination Act of 1975, (42 U.S.C. 6101–6107), and Executive
Order 13166, Improving Access to Services for Persons with Limited English Proficiency,
the CDFI Fund will terminate and rescind the Assistance Agreement and the award made
under this NOFA.
• The Do Not Pay Business Center was developed to support Federal agencies in their efforts to reduce the number of improper payments made through programs funded by the
Federal government.
• The CDFI Fund reserves the right, in its sole discretion, to rescind an award if the Recipient
is identified as an ineligible recipient on the Do Not Pay database.
• If it is determined the Recipient is or will be incapable of meeting its award obligations, the
CDFI Fund will deem the Recipient to be ineligible or require it to improve safety and
soundness conditions prior to entering into an Assistance Agreement.
Failure to maintain CDFI Certification .................
Pending resolution of noncompliance .................
Default or Noncompliance status ........................
Final Default and sanctions .................................
Compliance with Federal civil rights requirements.
Do Not Pay ..........................................................
Safety and soundness ........................................
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C. Reporting
1. Reporting Requirements: On an
annual basis for the period of
performance, the CDFI Fund may collect
information from each Recipient
including, but not limited to, an Annual
Report with the following components:
TABLE 15—ANNUAL REPORTING REQUIREMENTS
Financial Report (Financial Statements and Related Auditor’s and Accountant’s Review Reports, if applicable).
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19:03 Feb 17, 2016
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The Financial Report will be reviewed by the CDFI Fund to determine the Recipient’s financial
and managerial soundness.
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TABLE 15—ANNUAL REPORTING REQUIREMENTS—Continued
Single Audit (if applicable) (or similar report) .....
Institution Level Report (ILR) ..............................
Transaction Level Report (TLR) ..........................
Federal Financial Report/OMB Standard Form
425.
Uses of Funds Report .........................................
Shareholders Report ...........................................
Each Recipient is responsible for the
timely and complete submission of the
Annual Reporting requirements.
Sponsoring Entities with co-awardees
will be informed of any reporting shifts
at the time the Emerging CDFI is
adjoined to the Agreement. The CDFI
Fund reserves the right to contact the
Recipient and additional entities or
signatories to the Assistance Agreement
to request additional information and
documentation. The CDFI Fund will use
such information to monitor each
Recipient’s compliance with the
requirements in the Assistance
Agreement and to assess the impact of
the NACA Program. The CDFI Fund
reserves the right, in its sole discretion,
to modify these reporting requirements,
including increasing the scope and
frequency of reporting, if it determines
it to be appropriate and necessary;
however, such reporting requirements
will be modified only after notice to
Recipients.
If a Recipient is required to complete a Single Audit Report, it should be submitted to the Federal Audit Clearinghouse (see 2 CFR subpart F-Audit Requirements in the Uniform Administrative Requirements).
For-profit Recipients will be required to complete and submit a similar report directly to the
CDFI Fund.
The ILR is a report used to collect compliance and performance data from CDFI Fund award
Recipients. The ILR is submitted through the Community Investment Impact System (CIIS)
and captures organizational information, financial position, lending and investing activities,
community development outputs, and development services.
The TLR is a report used to collect compliance and performance data from CDFI Fund award
Recipients. The TLR is submitted through the CIIS and captures data on each individual
loan and investment in the award Recipient’s portfolio.
• For CDFI Depository Institution Holding Company award Recipients, the TLR captures
data on the individual loans and investments by its CDFI Subsidiary Insured Depository
Institution’s portfolio.
• TLR is not required for TA Recipients.
If the Recipient receives a TA award, it must submit the Federal Financial Report/OMB Standard Form 425 via AMIS.
If the Recipient receives an FA or TA award, it must submit the Uses of Funds Report via
AMIS.
If the Assistance is in the form of an Equity Investment, the Recipient must submit shareholder information to the CDFI Fund showing the class, series, and number of shares and
valuation of capital stock held or to be held by each shareholder. The Shareholder Report
must be submitted for as long as the CDFI Fund is an equity holder.
2. Financial Management and
Accounting: The CDFI Fund will require
Recipients to maintain financial
management and accounting systems
that comply with Federal statutes,
regulations, and the terms and
conditions of the Federal award. These
systems must be sufficient to permit the
preparation of reports required by
general and program specific terms and
conditions, including the tracing of
funds to a level of expenditures
adequate to establish that such funds
have been used according to the Federal
statutes, regulations, and the terms and
conditions of the Federal award.
The cost principles used by
Recipients must be consistent with
Federal cost principles and support the
accumulation of costs as required by the
principles, and must provide for
adequate documentation to support
costs charged to the NACA Program
award. In addition, the CDFI Fund will
require Recipients to: Maintain effective
internal controls; comply with
applicable statutes, regulations, and the
Assistance Agreement; evaluate and
monitor compliance; take action when
not in compliance; and safeguard
personally identifiable information.
VII. Agency Contacts
A. The CDFI Fund will respond to
questions concerning this NOFA and
the Application between the hours of
9:00 a.m. and 5:00 p.m. Eastern Daylight
Savings Time, starting on the date that
the NOFA is published through the date
listed in Table 1 and Table 11. The CDFI
Fund will post on its Web site responses
to reoccurring questions received about
this Application. Other information
regarding the CDFI Fund and its
programs may be obtained from the
CDFI Fund’s Web site at https://
www.cdfifund.gov. Table 16 lists CDFI
Fund contact information:
TABLE 16—CONTACT INFORMATION
Telephone number
(not toll free)
NACA Program ...............................................................................................
Certification, Compliance Monitoring, and Evaluation ...................................
AMIS—IT Help Desk ......................................................................................
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Type of question
202–653–0421, option 1 ....................
202–653–0423 ...................................
202–653–0422 ...................................
B. Information Technology Support:
For IT Assistance, submit an AMIS
Service Request (Record Type of
‘‘General Inquiry’’). In the Service
Request form, select the appropriate
program, then select ‘‘AMIS Technical
Problem’’ as the Type. People who have
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19:03 Feb 17, 2016
Jkt 238001
visual or mobility impairments that
prevent them from using the CDFI
Fund’s Web site should call (202) 653–
0422 for assistance (this is not a toll free
number).
C. Communication With the CDFI
Fund: The CDFI Fund will use contact
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Frm 00184
Fmt 4703
Sfmt 4703
Email addresses
cdfihelp@cdfi.treas.gov.
ccme@cdfi.treas.gov.
AMIS@cdfi.treas.gov.
information in AMIS to communicate
with Applicants and Recipients. It is
imperative, therefore, that Applicants,
Recipients, Subsidiaries, Affiliates, and
signatories maintain accurate contact
information in their accounts. This
includes information such as contact
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names (especially for the authorized
representative) listed in this NOFA’s
application materials, email addresses,
fax and phone numbers, and office
locations.
D. Civil Rights and Diversity: Any
person who is eligible to receive
benefits or services from CDFI Fund or
Recipients under any of its programs is
entitled to those benefits or services
without being subject to prohibited
discrimination. The Department of the
Treasury’s Office of Civil Rights and
Diversity enforces various Federal
statutes and regulations that prohibit
discrimination in financially assisted
and conducted programs and activities
of the CDFI Fund. If a person believes
that s/he has been subjected to
discrimination and/or reprisal because
of membership in a protected group,
s/he may file a complaint with:
Associate Chief Human Capital Officer,
Office of Civil Rights, and Diversity,
1500 Pennsylvania Ave NW.,
Washington, DC 20220 or (202) 622–
1160 (not a toll-free number).
VIII. Other Information
A. Paperwork Reduction Act: Under
the Paperwork Reduction Act (44 U.S.C.
chapter 35), an agency may not conduct
or sponsor a collection of information,
and an individual is not required to
respond to a collection of information,
unless it displays a valid OMB control
number. If applicable, the CDFI Fund
may inform Applicants that they do not
need to provide certain Application
information otherwise required.
Pursuant to the Paperwork Reduction
Act, the CDFI Program, and NACA
Program Application has been assigned
the following control number: 1559–
0021.
B. Application Information Sessions:
The CDFI Fund may conduct webinars
or host information sessions for
organizations that are considering
applying to, or are interested in learning
about, the CDFI Fund’s programs. For
further information, please visit the
CDFI Fund’s Web site at https://
www.cdfifund.gov.
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Authority: 12 U.S.C. 4701, et seq; 12 CFR
parts 1805 and 1815; 2 CFR part 200.
Mary Ann Donovan,
Director, Community Development Financial
Institutions Fund.
[FR Doc. 2016–03222 Filed 2–17–16; 8:45 am]
BILLING CODE 4810–70–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Internal Revenue Service,
Treasury.
ACTION: Notice of Renewal of the Art
Advisory Panel of the Commissioner of
Internal Revenue.
AGENCY:
The charter for the Art
Advisory Panel has been renewed for a
two-year period beginning February 3,
2016.
FOR FURTHER INFORMATION CONTACT:
Maricarmen R. Cuello, C:AP:SO:ART, 51
SW 1st Avenue, Miami, FL 33130,
Telephone No. (305) 982–5364 (not a
toll free number).
Notice is hereby given under section
10(a)(2) of the Federal Advisory
Committee Act (5 U.S.C. App. 2), that
the Art Advisory Panel of the
Commissioner of Internal Revenue, a
necessary committee that is in the
public interest, has been renewed for an
additional two years beginning on
February 3, 2016.
The Panel helps the Internal Revenue
Service review and evaluate the
acceptability of property appraisals
submitted by taxpayers in support of the
fair market value claimed on works of
art involved in Federal Income, Estate or
Gift taxes in accordance with sections
170, 2031, and 2512 of the Internal
Revenue Code of 1986.
For the Panel to perform this function,
Panel records and discussions must
include tax return information.
Therefore, the Panel meetings will be
closed to the public since all portions of
the meetings will concern matters that
are exempted from disclosure under the
provisions of section 552b(c)(3), (4), (6)
and (7) of Title 5 of the U.S. Code. This
determination, which is in accordance
with section 10(d) of the Federal
Advisory Committee Act, is necessary to
protect the confidentiality of tax returns
and return information as required by
section 6103 of the Internal Revenue
Code.
SUMMARY:
John A. Koskinen,
Commissioner of Internal Revenue.
[FR Doc. 2016–03427 Filed 2–17–16; 8:45 am]
BILLING CODE 4830–01–P
U.S.-CHINA ECONOMIC AND
SECURITY REVIEW COMMISSION
Notice of Open Public Hearing
U.S.-China Economic and
Security Review Commission.
VerDate Sep<11>2014
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Notice of open public hearing—
February 24, 2016, Washington, DC.
ACTION:
Notice is hereby given of the
following hearing of the U.S.-China
Economic and Security Review
Commission.
Name: Dennis Shea, Chairman of the
U.S.-China Economic and Security
Review Commission. The Commission
is mandated by Congress to investigate,
assess, and report to Congress annually
on ‘‘the national security implications of
the economic relationship between the
United States and the People’s Republic
of China.’’ Pursuant to this mandate, the
Commission will hold a public hearing
in Washington, DC on Wednesday,
February 24, 2016, on ‘‘China’s Shifting
Economic Realities and Implications for
the United States.’’
Background: This is the second public
hearing the Commission will hold
during its 2016 report cycle to collect
input from academic and industry
experts concerning the national security
implications of China’s military
modernization efforts for the United
States. This hearing will seek to analyze
recent macroeconomic trends in China’s
economy; assess the changing role of
state capitalism and state-backed
enterprises in China’s economy and
abroad; assess the extent of China’s
overcapacity problem in key sectors and
impacts on U.S. and global markets; and
evaluate potential changes to China’s
non-market economy status in the
United States and Europe under World
Trade Organization law. The hearing
will be co-chaired by Commissioners
Robin Cleveland and Michael Wessel.
Any interested party may file a written
statement by February 24, 2016, by
mailing to the contact below. A portion
of each panel will include a question
and answer period between the
Commissioners and the witnesses.
Location, Date and Time: Room: TBD.
Wednesday, February 24, 2016, start
time is 8:30 a.m. A detailed agenda for
the hearing will be posted to the
Commission’s Web site at
www.uscc.gov. Also, please check our
Web site for possible changes to the
hearing schedule. Reservations are not
required to attend the hearing.
FOR FURTHER INFORMATION CONTACT: Any
member of the public seeking further
information concerning the hearing
should contact Anthony DeMarino, 444
North Capitol Street NW., Suite 602,
Washington, DC 20001; phone: 202–
624–1496, or via email at ademarino@
uscc.gov. Reservations are not required
to attend the hearing.
SUMMARY:
Art Advisory Panel of the
Commissioner of Internal Revenue
AGENCY:
8357
Authority: Congress created the U.S.-China
Economic and Security Review Commission
in 2000 in the National Defense
E:\FR\FM\18FEN1.SGM
18FEN1
Agencies
[Federal Register Volume 81, Number 32 (Thursday, February 18, 2016)]
[Notices]
[Pages 8342-8357]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-03222]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Native American CDFI Assistance Program (NACA Program) FY 2016
Funding Round
Funding Opportunity Title: Notice of Funds Availability (NOFA)
inviting Applications for Financial Assistance (FA) awards or Technical
Assistance (TA) grants under the Native American CDFI Assistance
Program (NACA Program) FY 2016 Funding Round.
Announcement Type: Announcement of funding opportunity.
Funding Opportunity Number: CDFI-2016-NACA.
Catalog of Federal Domestic Assistance (CFDA) Number: 21.020.
KEY DATES:
Table 1--FY 2016 NACA Program Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
Time (eastern daylight
Description Deadline time--EDT) Submission method
----------------------------------------------------------------------------------------------------------------
CDFI Certification Applications...... March 18, 2016......... 5:00 p.m. EDT.......... Award Management
Information System
(AMIS).
SF424 (Application for Federal March 18, 2016......... 11:59 p.m. EDT......... Electronically via
Assistance). Grants.gov.
Last day to contact NACA Program April 15, 2016......... 5:00 p.m. EDT.......... CDFI Fund Helpdesk: 202-
staff. 653-0421 or
cdfihelp@cdfi.treas.gov.
NACA Program Application for April 18, 2016......... 11:59 p.m. EDT......... Electronically via
Financial Assistance (FA) or Grants.gov and Awards
Technical Assistance (TA). Management Information
System (AMIS).
----------------------------------------------------------------------------------------------------------------
Executive Summary: Through the NACA Program, the CDFI Fund provides
(i) FA awards of up to $1 million to Certified Community Development
Financial Institutions (CDFIs) serving Native American, Alaska Native,
or Native Hawaiian populations or Native American areas defined as
Federally-designated reservations, Hawaiian homelands, Alaska Native
Villages and U.S. Census Bureau-designated Tribal Statistical Areas
(collectively, ``Native Communities'') to build their financial
capacity to lend to their Target Markets, and (ii) TA grants of up to
$150,000 to build Certified, Certifiable, and Emerging CDFIs'
organizational capacity to serve their Target Markets and Sponsoring
Entities ability to create Certified CDFIs that serve Native
Communities. All awards provided through this NOFA are subject to
funding availability.
I. Program Description
A. History: The CDFI Fund was established by the Riegle Community
Development Banking and Financial Institutions Act of 1994 to promote
economic revitalization and community development through investment in
and assistance to CDFIs. Since its creation in 1994, the CDFI Fund has
awarded over $2 billion to CDFIs, community development organizations,
and financial institutions through the Community Development Financial
Institutions Program (CDFI Program), the Native American CDFI
Assistance Program (NACA Program), the Bank Enterprise Award Program
(BEA Program), the Capital Magnet Fund, and the Financial Education and
Counseling Pilot Program. In addition, the CDFI Fund has allocated more
than $43 billion in tax credit allocation authority through the New
Markets Tax Credit Program (NMTC Program) and has obligated $852
million in bond guarantees to Eligible CDFIs through the CDFI Bond
Guarantee Program.
B. Priorities: Through the NACA Program's FA awards and TA grants,
the CDFI Fund invests in and builds the capacity of for-profit and non-
profit community based lending organizations known as Community
Development Financial Institutions, or CDFIs. These organizations,
Certified as CDFIs by the CDFI Fund, serve Native Communities.
C. Program Regulations: The regulations governing the CDFI Program
are found at 12 CFR parts 1805 and 1815 (the Regulations), and are used
by the CDFI Fund to govern, in general, the NACA Program, setting forth
evaluation criteria and other program requirements.
[[Page 8343]]
The CDFI Fund encourages Applicants to review the Regulations, this
NOFA, the Application, and the Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (2 CFR part
200; 78 FR 78590) (Uniform Administrative Requirements) for a complete
understanding of the NACA Program. Capitalized terms in this NOFA are
defined in the Regulations, this NOFA, the Application, or the Uniform
Administrative Requirements. Details regarding Application content
requirements are found in the Application and related materials.
D. Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (2 CFR part 200): The Uniform
Administrative Requirements codifies financial, administrative,
procurement, and program management standards that Federal award
agencies must follow. When evaluating award applications, awarding
agencies must evaluate the risks to the program posed by each
applicant, and each applicant's merits and eligibility. These
requirements are designed to ensure that applicants for Federal
assistance receive a fair and consistent review prior to an award
decision. This review will assess items such as the Applicant's
financial stability, quality of management systems, history of
performance, and single audit findings. In addition, the Uniform
Administrative Requirements includes guidance on audit requirements and
other award compliance requirements for award Recipients.
E. Funding limitations: The CDFI Fund reserves the right to fund,
in whole or in part, any, all, or none of the Applications submitted in
response to this NOFA. The CDFI Fund also reserves the right to
reallocate funds from the amount that is anticipated to be available
through this NOFA to other CDFI Fund initiatives that are designed to
benefit Native American, Native Hawaiian, and Alaskan Native
communities, particularly if the CDFI Fund determines that the number
of awards made through this NOFA is fewer than projected.
II. Federal Award Information
A. Funding Availability:
1. FY 2016 Funding Round: The CDFI Fund expects to award, through
this NOFA, approximately $15.5 million as indicated in the following
table:
Table 2--FY 2016 Funding Round Anticipated Category Amounts
----------------------------------------------------------------------------------------------------------------
Estimated Award amount
Funding categories (see total amount -------------------------------- Estimated Average amount
definition in Table 7) to be awarded number of awarded in FY
(millions) Minimum Maximum awards 2015
----------------------------------------------------------------------------------------------------------------
FA.............................. $12.5 $100,000 $1,000,000 21 $606,000
TA.............................. 3 10,000 150,000 21 143,000
-------------------------------------------------------------------------------
Total....................... 15.5 .............. .............. 40 ..............
Healthy Food Financing 22 500,000 5,000,000 11 2,000,000
Initiative--Financial
Assistance (HFFI-FA) *.........
----------------------------------------------------------------------------------------------------------------
* HFFI-FA appropriation will be allocated in one competitive round between the NACA and CDFI Program NOFAs.
The CDFI Fund reserves the right to award more or less than the
amounts cited above in each category, based upon available funding and
other factors, as appropriate.
2. Funding Availability for the FY 2016 Funding Round: Funds for
the FY 2016 Funding Round were appropriated in the Consolidated
Appropriations Act, 2016 (Pub. L. 114-113).
3. Anticipated Start Date and Period of Performance: The CDFI Fund
anticipates the period of performance for the FY 2016 Funding Round
will begin in September 2016. Specifically, the period of performance
for TA grants begins with the date of the notice of the award and
includes either (i) an Emerging or Certified CDFI award Recipient's two
full consecutive fiscal years after the date of the notice of the award
or (ii) a Sponsoring Entity award Recipient's four full consecutive
fiscal years after the date of the notice of the award, during which
the Recipient must meet the performance goals set forth in the
Assistance Agreement. The period of performance for FA awards includes
an award Recipient's three full consecutive fiscal years after the date
of the notice of the award, during which time the Recipient must meet
its performance goals.
B. Types of Awards: Through the NACA Program, the CDFI Fund
provides two types of awards: Financial Assistance (FA) and Technical
Assistance (TA) awards. An Applicant may submit an Application for a TA
grant or an FA award, but not both.
1. FA Awards: FA awards can be in the form of loans, grants, Equity
Investments, deposits and credit union shares. The form of the FA award
is based on the form of the matching funds that the Applicant includes
in its Application, unless Congress waives the matching funds
requirement. Matching funds are required for FA awards, must be from
non-Federal sources, and cannot have been used as matching funds for
any other Federal award. The CDFI Fund reserves the right, in its sole
discretion, to provide an FA award in an amount other than that which
the Applicant requests; however, the award amount will not exceed the
Applicant's award request as stated in its Application.
2. Healthy Food Financing Initiative--Financial Assistance (HFFI-
FA) Awards: HFFI-FA awards will be provided as a supplement to FA
awards; therefore, only those Applicants that have been selected to
receive an FA award through the NACA Program FY 2016 Funding Round will
be eligible to receive an HFFI-FA award. HFFI-FA awards can be in the
form of loans, grants, Equity Investments, deposits and credit union
shares. The form of the HFFI-FA award is based on the form of the
matching funds that the Applicant includes in its Application, unless
Congress waives the matching funds requirement. Matching funds are
required for HFFI-FA awards, must be from non-Federal sources, and
cannot have been used as matching funds for any other Federal award.
The CDFI Fund reserves the right, in its sole discretion, to provide an
HFFI-FA award in an amount other than that which the Applicant
requests; however, the award amount will not exceed the Applicant's
award request as stated in its Application.
3. TA Grants: TA is provided in the form of grants. The CDFI Fund
reserves the right, in its sole discretion, to provide a TA grant in an
amount other than which the Applicant requests; however, the TA grant
amount will not
[[Page 8344]]
exceed the Applicant's request as stated in its Application and the
applicable budget chart.
C. Eligible Activities:
1. FA Awards:
FA and HFFI-FA award funds can be expended for activities in the
following five categories: (i) Financial Products; (ii) Financial
Services; (iii) Loan Loss Reserves; (iv) Development Services; and (v)
Capital Reserves. FA awards can only be used for direct costs
associated with an eligible activity; no indirect expenses are allowed.
Up to 15 percent of the FA award can be used for Direct Administrative
Expenses associated with an eligible FA activity. For purposes of this
NOFA, the five eligible activity categories are defined as follows:
Table 3--FA and HFFI-FA Eligible Activity Categories
------------------------------------------------------------------------
Eligible CDFI
FA eligible activity FA eligible activity institution
definition types
------------------------------------------------------------------------
i. Financial Products......... FA expended as loans, All.
Equity Investments
and similar financing
activities (as
determined by the
CDFI Fund) including
the purchase of loans
originated by
certified CDFIs and
the provision of loan
guarantees; in the
case of CDFI
Intermediaries,
Financial Products
may also include
loans to CDFIs and/or
emerging CDFIs and
deposits in Insured
Credit Union CDFIs,
emerging Insured
Credit Union CDFIs,
and/or State-Insured
Credit Union CDFIs.
ii. Financial Services........ FA expended for Insured
providing checking, Depository
savings accounts, Institutions
check cashing, money only.
orders, certified
checks, automated
teller machines,
deposit taking, safe
deposit box services,
and other similar
services.
iii. Loan Loss Reserves....... FA set aside in the All.
form of cash
reserves, or through
accounting-based
accrual reserves, to
cover losses on
loans, accounts, and
notes receivable made
in the Applicant's
Target Market, or for
related purposes that
the CDFI Fund deems
appropriate.
iv. Development Services...... FA expended for All.
activities undertaken
by a CDFI, its
Affiliate or
contractor that
promote community
development and shall
prepare or assist
current or potential
borrowers or
investees to use the
CDFI's Financial
Products or Financial
Services. For
example, such
activities include,
financial or credit
counseling; home
ownership counseling;
and business planning
and management
assistance.
v. Capital Reserves........... FA set aside as Insured
reserves to support Depository
the Applicant's Institutions
ability to leverage only.
other capital, for
such purposes as
increasing its net
assets or serving the
financing needs of
its Target Market, or
for related purposes
as the CDFI Fund
deems appropriate.
------------------------------------------------------------------------
2. TA Grants:
TA grant funds can be expended for the following seven eligible
activity categories: (i) Compensation--personal services; (ii)
Compensation--fringe benefits; (iii) Professional Service Costs; (iv)
Travel Costs; (v) Training and Education Costs; (vi) Equipment and
other capital expenditures; and (vii) Supplies. Each of the eligible
activity categories will not be authorized for indirect costs and an
associated indirect cost rate. For purposes of this NOFA, the seven
eligible activity categories are defined as follows:
Table 4--TA Eligible Activity Categories
------------------------------------------------------------------------
------------------------------------------------------------------------
(i) Compensation--personal TA paid to cover salaries of the
services. Applicant's personnel that are paid
currently or accrued by the
Applicant for work performed
directly related to carrying out
the purpose of the TA grant
(including activities related to
becoming certified as a CDFI),
subject to the applicable
provisions of the Uniform
Administrative Requirements.
(ii) Compensation--fringe benefits TA paid to cover costs of the
Applicant's personnel employment
(other than the employees' salaries
income) in proportion to the salary
charged to the TA grant, to the
extent that such payments are made
under formally established and
consistently applied organizational
policies, subject to the applicable
provisions of the Uniform
Administrative Requirements.
(iii) Professional service costs.. TA used to pay for professional and
consultant services rendered by
persons who are members of a
particular profession or possess a
special skill, and who are not
officers or employees of the
Recipient, subject to the
applicable provisions of the
Uniform Administrative
Requirements. Payment for a
consultant's services may not
exceed the daily equivalent of the
current maximum rate paid to an
Executive Schedule Level IV Federal
employee.
(iv) Travel costs................. TA used to pay expenses for
transportation, lodging,
subsistence, and related items
incurred by the Applicant's
personnel who are on travel status
on business related to the TA
grant, subject to the applicable
provisions of the Uniform
Administrative Requirements.
(v) Training and education costs.. TA used to pay the cost of training
and education provided for employee
development, subject to the
applicable provisions of the
Uniform Administrative
Requirements.
[[Page 8345]]
(vi) Equipment.................... TA used to pay for tangible personal
property, having a useful life of
more than one year and a per-unit
acquisition cost of at least $5,000
and subject to the applicable
provisions of the Uniform
Administrative Requirements.
Examples include office equipment,
furnishings, and information
technology equipment and systems.
(vii) Supplies.................... TA used to pay for tangible personal
property with a per unit
acquisition of less than $5,000 and
subject to the applicable
provisions of the Uniform
Administrative Requirements.
------------------------------------------------------------------------
III. Eligibility Information
A. Eligible Applicants: For the purposes of this NOFA, the
following tables set forth the eligibility criteria to receive an award
from the CDFI Fund, along with certain definitions of terms. There are
four categories of Applicant eligibility criteria: (1) CDFI
certification criteria (Table 5); (2) requirements that apply to all
Applicants (Table 6); (3) requirements that apply to TA Applicants
(Table 7); and (4) requirements that apply to FA Applicants (Table 8).
Table 5--CDFI Certification Criteria Definitions
------------------------------------------------------------------------
------------------------------------------------------------------------
Certified CDFI.................... An entity that the CDFI
Fund has officially notified that
it meets all CDFI certification
requirements.
Certifiable CDFI.................. An entity that has
submitted a CDFI Certification
Application to the CDFI Fund
demonstrating that it meets the
CDFI certification requirements but
which has not yet been officially
certified.
The CDFI Fund will not
enter into an Assistance Agreement
or make an FA award payment unless
and until an Applicant is a
Certified CDFI.
Emerging CDFI..................... A non-Certified entity that
has not submitted a CDFI
Certification Application but
demonstrates to the CDFI Fund that
it has an acceptable plan to meet
certification requirements by the
end of its period of performance,
or another date that the CDFI Fund
selects.
An Emerging CDFI that has
prior award(s) will be held to the
CDFI certification performance goal
and measure(s) stated in its prior
Assistance Agreement(s).
Emerging CDFIs may only
apply for TA grants; they are not
eligible to apply for FA awards.
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.
Sponsoring Entity................. Sponsoring Entities include
any legal organization that
primarily serves Native Community
with ``primary'' meaning, at least
50 percent of its activities are
directed toward the Native
Community.
An eligible organization
that proposes to create a separate
legal organization that will become
a Certified CDFI serving Native
Communities.
Sponsoring Entities may
only apply for TA grants; they are
not eligible to apply for FA
awards.
Each Sponsoring Entity
selected to receive a TA grant will
be required to create and certify
an Emerging CDFI by the dates
specified in the Assistance
Agreement.
Definition of Native Other The CDFI Fund uses the following
Targeted Population as Target definitions, set forth in the
Market. Office of Management and Budget
(OMB) Notice, Revisions to the
Standards for the Classification of
Federal Data on Race and Ethnicity
(October 30, 1997), as amended and
supplemented:
(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; and
(b) Native Hawaiian (living in
Hawaii): A person having origins
in any of the original peoples
of Hawaii.
------------------------------------------------------------------------
Table 6--Eligibility Requirements for All Applicants
------------------------------------------------------------------------
------------------------------------------------------------------------
Applicant......................... Only the entity that will
carry out the proposed award
activities can apply for an award
(e.g., the intended award
Recipient).
The information in the
Application should only reflect the
activities of the Applicant,
including the presentation of
financial and portfolio
information. Do not include
financial or portfolio information
from parent companies, Affiliates,
or Subsidiaries in the Application
unless it relates to the provision
of Development Services.
An Applicant that applies
on behalf of another organization
will be rejected without further
consideration, except for
Depository Institution Holding
Companies (see below).
Application type and submission Applicants must submit the
overview through Grants.gov and required application documents
Awards Management Information listed in Table 10.
System (AMIS). The CDFI Fund will only
accept Applications that use the
official application templates
provided on the Grants.gov and AMIS
Web sites. Applications submitted
with alternative or altered
templates will not be considered.
Applicants have a two-step
process that requires the
submission of application documents
on two separate deadlines and
locations: 1) Grants.gov and 2)
AMIS.
[cir] Grants.gov: Applicants must
submit the OMB SF-424,
Application for Federal
Assistance.
[cir] AMIS: Applicants must
submit all other required
application materials.
[cir] All Applicants must
register in the Grants.gov and
AMIS systems to successfully
submit an application. The CDFI
Fund strongly encourages
applicants to register early as
possible.
[[Page 8346]]
Grants.gov and the SF-424:
[cir] The SF-424 must be submitted
in Grants.gov on or before March
18, 2016, the deadline listed in
Table 1 and Table 11. Applicants
are strongly encouraged to submit
their SF-424 as early as possible
in the Grants.gov portal.
[cir] The deadline for the
Grants.gov submission is before
the AMIS deadline.
[cir] If the SF-424 is not
accepted by Grants.gov by the
deadline, the CDFI Fund will not
review any material submitted in
AMIS and the application will be
deemed ineligible.
AMIS:
[cir] AMIS is a new enterprise-
wide information technology
system that is replacing the
myCDFI Fund portal and which
will be used to submit and store
organization and application
information with the CDFI Fund.
[cir] Applicants are only allowed
one submission in AMIS.
[cir] Only the Authorized
Representative or Application
Point of Contact can submit the
Application in AMIS.
[cir] All other required
application materials must be
submitted in AMIS on or before
the deadline specified in Tables
1 and 11.
Employer Identification Number Applicants must have a
(EIN). unique EIN assigned by the IRS.
The CDFI Fund will reject
an Application submitted with the
EIN of a parent or Affiliate
organization.
DUNS number....................... Pursuant to OMB guidance
(68 FR 38402), an Applicant must
apply using its unique DUNS number
in Grants.gov.
The CDFI Fund will reject
an Application submitted with the
DUNS number of a parent or
Affiliate organization.
Awards Management Information Each Applicant must
System (AMIS). register as an organization in AMIS
and submit all required application
materials through this portal.
The Authorized
Representative and/or Application
point of contact must be included
as ``users'' in the Applicant's
AMIS account.
An Applicant that fails to
properly register and update its
AMIS account may miss important
communication from the CDFI Fund or
not be able to successfully submit
an Application.
501 (c)(4) status................. Pursuant to 2 U.S.C. 1611,
a 501 (c)(4) any organization that
engages in lobbying activities is
not eligible for the receipt of a
NACA Program award.
Compliance with Federal civil An Applicant may not be
rights requirements. eligible to receive an award if
proceedings have been instituted
against it in, by, or before any
court, governmental agency, or
administrative body, and a final
determination within the last three
years indicates the Applicant has
violated any of the following laws:
Title VI of the Civil Rights Act of
1964, as amended (42 U.S.C. 2000d);
Section 504 of the Rehabilitation
Act of 1973 (29 U.S.C. 794); the
Age Discrimination Act of 1975, (42
U.S.C. 6101-6107), and Executive
Order 13166, Improving Access to
Services for Persons with Limited
English Proficiency.
Depository Institution Holding In the case where a CDFI
Company Applicant. Depository Institution Holding
Company Applicant intends to carry
out the activities of an award
through its CDFI Subsidiary Insured
Depository Institution, the
Application must be submitted by
the CDFI Depository Institution
Holding Company and reflect the
consolidated activities and
financial performance of the CDFI
Subsidiary Insured Depository
Institution.
Authorized representatives
of both the Depository Institution
Holding Company and the CDFI
Subsidiary Insured Depository
Institution must certify that the
information included in the
Application represents that of the
CDFI Subsidiary Insured Depository
Institution and that the award
funds will be used to support the
CDFI Subsidiary Insured Depository
Institution for the eligible
activities outlined in the
Application.
Insured CDFI--Insured Credit Union To be eligible for an
and Insured Depository award, each Insured Depository
Institution. Institution Applicant must have a
CAMELS/CAMEL (rating for banks and
credit unions, respectively), by
its Federal regulator of at least
``4.''
Organizations with CAMELS/
CAMEL ratings of ``5'' will not be
eligible for awards.
Use of award...................... All awards made through
this NOFA must be used to support
the Applicant's activities in at
least one of the FA or TA Eligible
Activity Categories (see Section
II.C).
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
(except Depository Institution
Holding Company Applicants.)
Requested award amount for An Applicant must state its
eligible activities. requested award amount and proposed
eligible activities in the ``Award
Request Table'' of the Purpose
section of the Application.
An Applicant that does not
fully complete the ``Award Request
Table'' of the Purpose Application
section in the AMIS Web site will
not be allowed to submit an
Application.
Pending resolution of The CDFI Fund will consider
noncompliance. an Application submitted by an
Applicant that has pending
noncompliance issues if the CDFI
Fund has not yet made a final
determination as to whether the
Applicant is in default of any of
its previously executed award
agreement(s).
Default or Noncompliance status... The CDFI Fund will not
consider an Application submitted
by an Applicant that has been
notified by the CDFI Fund in
writing that it is in default of a
previously executed award agreement
under any CDFI Fund program, at the
time of the Application deadline,
unless otherwise indicated by the
CDFI Fund in writing. The CDFI Fund
will not consider an Application
submitted by an Applicant that has
been notified by the CDFI Fund in
writing that it is noncompliant
with an FY 2015 agreement, or with
agreements for fiscal years
thereafter, under any CDFI Fund
program, at the time of the
Application deadline, unless
otherwise indicated by the CDFI
Fund in writing.
The CDFI Fund will not
consider any Applicant that has
defaulted on a CDFI Program loan
within five years of the
Application deadline.
[[Page 8347]]
Undisbursed award funds and An Applicant that has funds
calculations (general). from a prior award that have not
been disbursed, as defined in (a)-
(d) below, as of the Application
deadline will not be eligible for
an award.
(a) The CDFI Fund will include
the combined undisbursed award
funds of the Applicant and its
Affiliates.
(b) Balances on undisbursed award
funds cannot exceed five percent
of the combined BEA Program
awards made to the Applicant in
FYs 2012, 2013, and 2014.
(c) Balances on undisbursed award
funds cannot exceed five percent
of the combined CDFI/NACA
Program awards made to the
Applicant in FYs 2012, 2013, and
2014.
(d) The undisbursed award funds
calculation does not include
award funds for: (i) Which the
Recipient 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 award
agreement; and (iv) the tax
credit allocation authority made
available through the NMTC
Program.
------------------------------------------------------------------------
Table 7--Eligibility Requirements for TA Applicants
------------------------------------------------------------------------
------------------------------------------------------------------------
CDFI certification status......... Certified, Certifiable,
Emerging CDFIs, or Sponsoring
Entities (see definitions in Table
5).
Matching funds.................... Matching funds
documentation is not required for
TA awards.
Limitation on Awards.............. An Emerging CDFI serving
Native Communities will be allowed
to receive no more than three TA
awards as an uncertified CDFI.
A Sponsoring Entity is only
eligible to apply for an award if
(i) it does not have an active
prior award or (ii) the
certification goal in its active
award's Assistance Agreement has
been satisfied and it proposes to
create another CDFI that will serve
one or more Native Communities.
Target Market..................... TA Applicants must
demonstrate that the Certified,
Certifiable, Emerging CDFI, or the
CDFI to be created by the
Sponsoring Entity will primarily
serve one or more Native Community
as its Target Market.
------------------------------------------------------------------------
Table 8--Eligibility Requirements for FA Applicants
------------------------------------------------------------------------
------------------------------------------------------------------------
CDFI certification status......... Each FA Applicant must be a
Certified CDFI prior to the
announcement of award decisions.
An Applicant that is in a
cure period to remedy CDFI
recertification deficiencies at the
time of award announcements will
not be eligible for an FA award
under this NOFA.
Activities in Native Communities.. For consideration under
this NOFA, each FA Applicant must:
[cir] Demonstrate that at least
50 percent of its past
activities were in one or more
Native Communities; and
[cir] describe how it will target
its lending/investing activities
to one or more Native
Communities.
Target Market..................... For consideration under
this NOFA, an FA Applicant's
certification Target Market must
have one or more of the following
characteristics:
[cir] For qualifying with an
investment area Target Market,
the Applicant must demonstrate
that the investment area
approved for certification is
also a geographic area of
Federally-designated
reservations, Hawaiian
homelands, Alaska Native
Villages and U.S. Census Bureau
designated Tribal Statistical
Areas; and/or
[cir] For qualifying with an
Other Targeted Population (OTP)
Target Market, the applicant's
Target Market approved for
certification must be an OTP of
Native Americans or American
Indians, including Alaska
Natives living in Alaska and
Native Hawaiians living in
Hawaii.
Any FA Applicant whose
certification Target Market does
not meet either of the conditions
above will not be eligible for an
FA award under this NOFA.
Community Partnership............. All FA Applicants must
demonstrate strong Community
Partnerships with Native
Communities.
Matching funds documentation...... All Applicants must submit
acceptable documentation that they
have received or will receive
matching funds. Applications that
do not submit acceptable matching
funds documentation will not be
evaluated.
Awards will be limited to
no more than two times the amount
of In-Hand or Committed matching
funds documentation provided at the
time of Application.
Awards will be obligated in
like form to the matching funds
provided at time of Application.
See Table 9. Matching Funds
``Determination of Award Form'' for
additional guidance.
Award payments from the
CDFI Fund will require eligible
dollar-for-dollar In-Hand matching
funds for the total payment amount.
Recipients will not receive a
payment until 100 percent of their
matching funds are In-Hand.
The first payment is the
estimated amount of award that the
Recipient will use for eligible FA
activities in the first 12 months
after the award.
The CDFI Fund will reduce
and de-obligate the remaining
balance of any Award that does not
demonstrate full dollar-for-dollar
matching funds equal to the
announced award amount by the end
of the Matching Funds Window.
$5 Million funding cap............ The CDFI Fund is prohibited
from obligating more than $5
million in CDFI and NACA Program
awards, in the aggregate, to any
one organization and its
Subsidiaries and Affiliates during
any three-year period.
[[Page 8348]]
For purposes of this NOFA,
the CDFI Fund will include CDFI and
NACA Program final awards in the
cap calculation that were provided
to an Applicant (and/or its
Subsidiaries or Affiliates) under
the FY 2014, and 2015 funding
rounds, as well as the requested FY
2016 award, excluding HFFI-FA
awards. The CDFI Fund will make the
FY 2016 funding round award
announcements after September 23,
2016.
HFFI-FA........................... All HFFI-FA Applicants
must:
[cir] Apply for an NACA FA award;
[cir] Meet all NACA FA award
eligibility requirements; and
[cir] Complete and submit a NACA
Program Financial Assistance
Application along with the HFFI-
FA Application
[cir] Provide a HFFI-FA award
request amount in the ``Award
Request Table'' of the Purpose
section in the Application.
------------------------------------------------------------------------
B. Matching Funds Requirements: In order to receive an FA award, an
Applicant must provide documentation of eligible dollar-for-dollar
matching funds. The CDFI Fund will review matching funds documentation
prior to award payment and will pay funds based upon eligible In-Hand
matching funds (see Table 9 for the definition of In-Hand). The CDFI
Fund encourages Applicants to review the Regulations at 12 CFR
1805.500, the Uniform Administrative Requirements, and the matching
funds guidance materials, which is available on the CDFI Fund's Web
site and Grants.gov. Table 9 provides a summary of the matching funds
requirements; additional details are set forth in the Application
materials.
Table 9--Matching Funds Requirements
------------------------------------------------------------------------
------------------------------------------------------------------------
Matching funds requirements by The following Applicants must
application type. provide documentation of acceptable
matching funds:
NACA FA Applicants (upon
request)*;
HFFI-FA Applicants.
(upon request) *
TA Applicants are not required to
provide matching funds.
* The matching funds requirement
for HFFI-FA and NACA FA
applicants was waived in the
appropriations bill for FY 2016.
HFFI-FA and NACA FA applicants
are not required to submit
matching funds for their award
requests at the time of
application.
Amount of required match.......... Applicants must submit supporting
documentation of eligible, In-Hand,
dollar-for-dollar, non-Federal
matching funds for every FA award
dollar to be paid by the CDFI Fund.
If awarded, Applicants that did not
demonstrate 100% In-Hand matching
funds at the time of Application
may experience a longer payment
timeline.
Determination of award form....... FA awards will be made in comparable
form and value to the eligible In-
Hand or Committed matching funds
documentation submitted by the
Applicant.
For example, if an FA
Applicant provides documentation
of eligible loan matching funds
for $200,000 and $400,000 of its
matching funds in the form of
grant, the CDFI Fund will
obligate $200,000 of the FA
award as a loan and $400,000 as
a grant.
After awards have been
announced, Award Recipients may
request the CDFI Fund's
permission to change the form of
their award from loan to grant
(by producing eligible grant
matching funds), but will only
be eligible to receive a grant
equal to the federal credit
subsidy amount associated with
the original loan. Applicants
will also experience delays in
payments if requested award form
changes are approved by the CDFI
Fund.
Matching Funds Window definition.. The Applicant must receive
eligible In-Hand matching funds
between January 1, 2014 and January
15, 2017.
An award Recipient must
provide the CDFI Fund with all
documentation demonstrating the
receipt of In-Hand matching funds
by January 31, 2017.
Matching funds and form of award.. Recipients will be approved
for a maximum award size of two
times the total amount of eligible
In-Hand and/or Committed matching
funds documentation included in the
Application, so long as they do not
exceed the award amount limit.
The form of the matching
funds documented in the Application
determines the form of the award.
In-Hand matching funds definition. Matching funds are eligible
and In-Hand when the Applicant
receives payment for the matching
funds and includes acceptable
documentation in the Application,
showing the source, form (e.g.,
grant, loan, deposit, and Equity
Investment), amount of the matching
funds, and the date the funds came
into physical possession of the
applicant.
The following
documentation, depending on the
type of award being requested, must
be included in the Application:
Loan--the loan agreement
and/or promissory note;
grant--the grant letter
or agreement for all grants of
$100,000 or more;
Equity Investment--the
stock certificate and
shareholder agreement;
retained earnings--
audits or call reports from
regulating entity; and
third party in-kind
contribution--evidence of
receipt of contribution and
valuation; AND
clearly legible
documentation that demonstrates
actual receipt of the matching
funds including the date of the
transaction and the amount, such
as a copy of a check or a wire
transfer statement.
Grants under $100,000 only
require the source name, amount,
date of receipt, and source contact
information. Documentation of this
information should be available if
audited.
[[Page 8349]]
Committed matching funds Matching funds are
definition. Committed when the Applicant has
entered into or received a legally
binding commitment from the
matching funds source showing the
matching funds will be disbursed to
the Applicant at a future date.
The Applicant must provide
the CDFI Fund acceptable written
documentation showing the source,
form, and amount of the Committed
matching funds (including, in the
case of a loan, the terms thereof),
as well as the anticipated payment
date of the Committed funds.
Limitations on matching funds..... Matching funds must be from
non-Federal sources.
Applicants cannot proffer
matching funds that were accepted
as matching funds for a prior FA
award under the CDFI Program, NACA
Program, or under another Federal
grant or award program.
Matching funds must comply
with Regulations at 12 CFR 1805.500
et seq.
Matching funds must be
attributable to at least one of the
five eligible FA activities (see
Section II.C).
Rights of the CDFI Fund........... The CDFI Fund reserves the
right to contact the matching funds
source to discuss the matching
funds and the documentation that
the Applicant provided.
The CDFI Fund may grant an
extension of the Matching Funds
Window (defined in Table 9), on a
case-by-case basis, if the CDFI
Fund deems it appropriate.
The CDFI Fund reserves the
right to rescind all or a portion
of an FA award and re-allocate the
rescinded award amount to other
qualified Applicant(s), if an award
Recipient fails to obtain In-Hand
100 percent of the required
Matching Funds during the Matching
Funds Window.
Matching funds in the form of Third party in-kind
third-party in-kind contributions. contributions are the value of non-
cash contributions (i.e., property
or services) provided by non-
Federal third parties.
Third party in-kind
contributions will be considered to
be in the form of a grant for
matching funds purposes.
Third party in-kind
contributions may be in the form of
real property, equipment, supplies,
and other expendable property, and
the value of goods and services
directly benefiting the eligible
activities.
For third-party in-kind
contributions, the fair market
value of goods and services must be
documented.
Applicants will be
responsible for documenting the
value of all in-kind contributions
as described in the Uniform
Administrative Requirements.
Matching funds in the form of a An FA award made in the
loan. form of a loan will have the
following standardized terms:
A 13-year term with semi-
annual interest-only payments due
in years 1 through 10, and fully
amortizing payments due each year
in years 11 through 13; and
A fixed interest rate of
2.2 percent, which was calculated
by the CDFI Fund based on the U.S.
Department of the Treasury's 10-
year Treasury note.
The Applicant's matching
funds loan(s) must:
i. Have a minimum of a 3-year
term. Loans presented as
matching funds with less than a
3-year term will not qualify as
eligible match; and
ii. not be from a Federal source.
Severe Constraints Waiver......... Not more than 25 percent of
the total funds available for
obligation under this funding round
may be matched under the Severe
Constraints Waiver.
In the case of an Applicant
demonstrating severe constraints on
available sources of matching
funds, the CDFI Fund, in its sole
discretion, may permit such
Applicant to comply with the
matching funds requirements by
reducing such requirements by up to
50 percent.
In order to be considered
eligible for a Severe Constraints
Waiver, an Applicant must meet all
of the NACA FA eligibility criteria
described in Table 8 and follow the
instructions in the Application
materials.
Ineligible matching funds......... If the CDFI Fund determines
that any portion of the Applicant's
matching funds is ineligible, the
CDFI Fund will permit the Applicant
to offer documentation of
alternative matching funds as a
substitute for the ineligible
matching funds.
In such instances:
i. The Applicant must provide
acceptable alternative matching
funds documentation within the
period of time specified by the
CDFI Fund, and
ii. the alternative matching
funds documentation will not
increase the total amount of FA
requested.
Use of matching funds from a prior If an Applicant offers matching
CDFI Program Recipient. funds documentation from an
organization that was a prior
Recipient under the CDFI Program,
the Applicant must be able to prove
to the CDFI Fund's satisfaction
that such funds do not consist, in
whole or in part, of CDFI Program
funds or other Federal funds.
Matching funds in the form of Retained earnings are
retained earnings. eligible for use as matching funds
when the CDFI Fund calculates an
amount equal to:
i. The increase in retained
earnings that occurred over any
one of the Applicant's fiscal
years within the Matching Funds
Window, adjusted to remove
revenue and expenses derived
from Federal sources and
matching funds previously used
for an award; or
ii. the annual average of such
increases that occurred over any
three consecutive fiscal years
of the Applicant with at least
one of the fiscal years
occurring within the Matching
Funds Window, adjusted to remove
revenue and expenses derived
from Federal sources and
matching funds previously used
for an award; or
iii. any combination of (i) and
(ii) above that does not include
matching funds previously used
for an award.
Retained earnings will be
matched with an FA award in the
form of a grant or an Equity
Investment.
[[Page 8350]]
Special rule for Insured Credit An Insured Credit Union's
Unions and Insured Depository and Insured Depository
Institutions. Institution's retained earnings are
eligible for use as matching funds
when the CDFI Fund calculates an
amount equal to:
i. The increase in retained
earnings that occurred over any
one of the Applicant's fiscal
years within the Matching Funds
Window, adjusted to remove
revenue from Federal sources and
matching funds previously used
for an award; or
ii. the annual average of such
increases that occurred over any
three consecutive fiscal years
of the Applicant with at least
one of the fiscal years
occurring within the Matching
Funds Window, adjusted to remove
revenue and expenses derived
from Federal sources and
matching funds previously used
for an award; or
iii. the entire retained earnings
that have been accumulated since
the inception of the Applicant,
as provided in the Regulations.
If option (iii) is used for
Insured Credit Unions, the
Applicant must increase its member
and/or non-member shares and/or
total loans outstanding by an
amount equal to the amount of
retained earnings committed as
matching funds.
This increase will be
measured on a quarterly basis
from March 31, 2016, and must
occur by the end of the
Recipient's Year 1 of
Performance Period, as set forth
in its Assistance Agreement, and
will be based on amounts
reported in the Applicant's
National Credit Union
Administration (NCUA) form 5300
Call Report.
The CDFI Fund will
assess the likelihood of this
increase during the Application
review process.
An award will not be
made to any Applicant that has
not demonstrated in the relevant
NCUA form 5300 Call Reports that
it has increased shares and/or
total loans outstanding by at
least 25 percent of the
requested FA award amount
between December 31, 2014, and
December 31, 2015.
The matching funds are
not In-Hand until the Recipient
has increased its member and/or
non-member shares, deposits and/
or total loans outstanding
within the time period
specified.
If option (iii) is used for
Insured Depository Institutions or
Depository Institution Holding
Companies, the Applicant or its
Subsidiary Insured Depository
Institution (in the case of a
Depository Institution Holding
Company) must increase deposits and/
or total loans outstanding by an
amount equal to the amount of
retained earnings committed as
matching funds. Please note that
Depository Institution Holding
Company Applicants must use the
call reports of the CDFI Subsidiary
Insured Depository Institution that
the requested FA award will
support.
This increase will be
measured on a quarterly basis
from March 31, 2016, and must
occur by the end of the
Recipient's Year 1 of
Performance Period, as set forth
in its Assistance Agreement, and
will be based on amounts
reported in the Bank Call
Report.
The CDFI Fund will
assess the likelihood of this
increase during the Application
review process.
An award will not be
made to any Applicant that has
not demonstrated in the relevant
call reports that it has
increased deposits and/or total
loans outstanding by at least 25
percent of the requested FA
award amount between December
31, 2014, and December 31, 2015.
The matching funds are
not In-Hand until the Recipient
has increased its deposits and/
or total loans outstanding
within the time period
specified.
All regulated Applicants
utilizing the part (iii) Since
Inception rule should refer to the
Retained Earnings Guidance document
on the Grants.gov and CDFI Fund Web
sites.
------------------------------------------------------------------------
IV. Application and Submission Information
A. Address to Request an Application Package: Application materials
can be found on Grants.gov and the CDFI Fund's Web site at
www.cdfifund.gov/native. Applicants may request a paper version of any
Application material by contacting the CDFI Fund Help Desk at
cdfihelp@cdfi.treas.gov.
B. Content and Form of Application Submission:
All Applications must be prepared using the English language and
calculations must be made in U.S. dollars. The following table lists
the required Application documents for the FY 2016 Funding Round. The
CDFI Fund reserves the right to request and review other pertinent or
public information that has not been specifically requested in this
NOFA or the Application. Information submitted by the Applicant that
the CDFI Fund has not specifically been requested will not be reviewed
or considered as part of the Application. Information submitted must
accurately reflect the Applicant's activities. Financial, portfolio,
and activity information provided in the Application should only
include the Applicant's activities.
Table 10--Required Application Documents
------------------------------------------------------------------------
Application documents Applicant type Submission format
------------------------------------------------------------------------
SF-424.......................... All Applicants.... Fillable PDF in
Grants.gov.
CDFI Program Application All Applicants.... AMIS.
Components:
[[Page 8351]]
Funding Application * Funders is
Detail Related Lists: excluded for
Application Insured
Financial Data. Depository
[cir] Financials and Institutions, TA
Portfolio. Applicants, and
[cir] Impacts............... NACA TA
[cir] Application Activities Applicants.
Levels.
[cir] Funders (Historic
Only) *.
Matching Funds Used
(FA Core Only).
Customer Snapshot
Table.
Key Personnel......
Policies...........
Product Design.....
Narratives.........
HFFI-FA Application Components: HFFI-FA Applicants AMIS.
Funding Application --Must create new
Detail funding
Narratives......... application.
ATTACHMENTS TO THE APPLICATION:
Add to ``Related Attachments''
related list in application.
Matching Funds Documentation.... FA Core Applicants PDF or Excel
(Retained
Earnings
Calculator only)
in AMIS.
Policies and Procedures......... FA Applicants..... PDF in AMIS.
Key Staff Resumes............... All Applicants.... PDF or Word
document in AMIS.
Organizational Chart............ All Applicants.... PDF in AMIS.
Audited Financial Statements.... FA Applicants: PDF in AMIS.
Loan funds and
other non-Insured
Depository
Institutions.
Management Letters.............. FA Applicants: PDF in AMIS.
Loan funds and
other non-Insured
Depository
Institutions, TA
Applicants: If
available.
Unaudited Financial Statements TA Applicants: PDF in AMIS.
(if Audited Financial Loan funds and
Statements are not available). other non-Insured
Depository
Institutions.
Call Reports.................... FA and TA PDF in AMIS.
Applicants:
Insured
Depository
Institutions only.
Current Year to Date--December FA and TA PDF in AMIS.
31, 2015, Unaudited Financial Applicants: Loan
Statements. funds and other
non-Insured
Depository
Institutions.
Additional Documents As All Applicants, if PDF or Word
Applicable: Community applicable. document in AMIS.
Partnership Agreement 501(c)(4)
Questionnaire Explanation
Environmental Review Form
Explanation.
------------------------------------------------------------------------
C. Application Submission: The CDFI Fund has a two-step process
that requires the submission of application documents on separate
deadlines and locations. The SF-424 must be submitted through
Grants.gov and all other application documents through the AMIS portal.
The CDFI Fund will not accept Applications via email, mail, facsimile,
or other forms of communication, except in extremely rare circumstances
that have been pre-approved by the CDFI Fund.
Applicants are only required to submit the OMB SF-424, Application
for Federal Assistance form in Grants.gov as all other application
information (listed in Table 10) will be submitted through AMIS. The
deadline for submitting the SF 424 is 30 days after the publication of
the NOFA. All other application information must be submitted in AMIS
and only the Authorized Representative or Application Point of Contact
can submit the application.
Applicants are encouraged to submit the SF-424 as early as possible
through Grants.gov to provide time to resolve any submission problems.
Applicants should contact Grants.gov directly with questions related to
the registration or submission process as the CDFI Fund does not
maintain the Grants.gov system.
The CDFI Fund strongly encourages Applicants to start the
Grants.gov registration process as soon as possible (refer to the
following link: https://www.grants.gov/web/grants/register.html) as it
may take several weeks to complete. An Applicant that has previously
registered with Grants.gov must verify that its registration is current
and active.
D. Dun & Bradstreet Universal Numbering System (DUNS): Pursuant to
the Uniform Administrative Requirements, each Applicant must provide as
part of its Application submission, a Dun and Bradstreet Universal
Numbering System (DUNS) number. Applicants without a DUNS number will
not be able to register and submit an Application in the Grants.gov
system. Please allow sufficient time for Dun & Bradstreet to respond to
inquiries and/or requests for DUNS numbers.
E. System for Award Management (SAM): Any entity applying for
Federal grants or other forms of Federal financial assistance through
Grants.gov must be registered in SAM before submitting its Application.
The SAM registration process can take several weeks to complete.
Applicants that have previously completed the SAM registration process
must verify that their SAM accounts are current and active. Each
Applicant must continue to maintain an active SAM registration with
current information at all times during which it has an active Federal
award or an Application under consideration by a Federal awarding
agency. The CDFI Fund will not consider any Applicant that fails to
properly register or activate its SAM account and, as a result, is
unable to
[[Page 8352]]
submit its Application by the Application deadline. Applicants must
contact SAM directly with questions related to registration or SAM
account changes as the CDFI Fund does not maintain this system. For
more information about SAM, please visit https://www.sam.gov.
F. Submission Dates and Times:
1. Submission Deadlines: The following table provides the critical
deadlines for the FY 2016 Funding Round.
Table 11--FY 2016 Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
Description Deadline Time (EDT) Submission method
----------------------------------------------------------------------------------------------------------------
CDFI Certification Applications...... March 18, 2016......... 5:00 p.m. EDT.......... Award Management
Information System
(AMIS).
SF424 (Application for Federal March 18, 2016......... 11:59 p.m. EDT......... Electronically via
Assistance). Grants.gov.
Last day to contact NACA Program April 15, 2016......... 5:00 p.m. EDT.......... CDFI Fund Helpdesk: 202-
staff. 653-0421 or
cdfihelp@cdfi.treas.gov.
NACA Program Application for April 18, 2016......... 11:59 p.m. EDT......... Electronically via
Financial Assistance (FA) or Awards Management
Technical Assistance (TA). Information System
(AMIS).
----------------------------------------------------------------------------------------------------------------
2. Confirmation of Application Submission in Grants.gov and AMIS:
Applicants are required to submit the OMB SF-424, Application for
Federal Assistance through the Grants.gov system and must submit all
other required application materials through the AMIS Web site.
Application materials submitted through both systems are due by the
application deadlines. Applicants must submit the SF 424 on an earlier
deadline from the other required application materials in AMIS. If the
SF-424 is not successfully accepted by Grants.gov by the deadline, the
CDFI Fund will not review any of the material submitted in AMIS and the
Application will be deemed ineligible.
(a) Grants. Gov. Submission Information: Each Applicant will
receive an email from Grants.gov immediately after submitting the SF-
424 confirming that the submission has entered the Grants.gov system.
This email will contain a tracking number for the submitted SF-424.
Within 48 hours, the Applicant will receive a second email, which will
indicate if the submitted SF-424 was either successfully validated or
rejected with errors. However, Applicants should not rely on the email
notification from Grants.gov to confirm that their SF-424 was
validated. Applicants are strongly encouraged to use the tracking
number provided in the first email to closely monitor the status of
their SF-424 by contacting the helpdesk at Grants.gov directly. The
Application material submitted in AMIS is not officially accepted by
the CDFI Fund until Grants.gov has validated the SF-424.
(b) Award Management Information System (AMIS) Submission
Information: AMIS is a web-based portal where Applicants will directly
enter their application information and add required attachments listed
in Table 10. AMIS will verify that the Applicant provided the minimum
information required to submit an Application. Applicants are
responsible for the quality and accuracy of the information and
attachments included in the Application submitted in AMIS. The CDFI
Fund strongly encourages the Applicant to allow sufficient time to
confirm the Application content, review the material submitted, and
remedy any issues prior to the Application deadline. Only the
Authorized Representative or the application Point of Contact can
submit the Application. Applicants can only submit one Application.
Upon submission, the Application will be locked and cannot be
resubmitted, edited, or modified in any way. The CDFI Fund will not
unlock or allow multiple Applications submissions.
3. Late Submission: The CDFI Fund will not accept an Application
submitted after the Application deadline except where the submission
delay was a direct result of a Federal government administrative or
technological error. In such case, the Applicant must submit a request
for acceptance of late Application submission and include documentation
of the error no later than two business days after the Application
deadline. The CDFI Fund will not respond to request for acceptance of
late Application submissions after that time period. Applicants must
submit late Application submission requests to the CDFI Helpdesk at
cdfihelp@cdfi.treas.gov with a subject line of ``Late Application
Submission Request.''
G. Funding Restrictions: FA, HFFI-FA and TA awards are limited by
the following:
1. FA awards:
(a) An award Recipient shall use FA funds only for the eligible
activities described in Section II. Award Description (C)(1) of this
NOFA and its Assistance Agreement.
(b) A Recipient may not distribute FA funds to an Affiliate,
Subsidiary, or any other entity, without the CDFI Fund's prior written
approval.
(c) FA funds shall only be paid to the Recipient.
(d) The CDFI Fund, in its sole discretion, may pay FA funds in
amounts, or under terms and conditions, which are different from those
requested by an Applicant.
2. HFFI-FA awards:
(a) An award Recipient shall use HFFI-FA funds only for the
eligible activities described in Section II. Award Description (C)(1)
of this NOFA and its Assistance Agreement.
(b) A Recipient may not distribute HFFI-FA funds to an Affiliate,
Subsidiary, or any other entity, without the CDFI Fund's prior written
approval.
(c) HFFI-FA funds shall only be paid to the Recipient.
(d) The CDFI Fund, in its sole discretion, may pay HFFI-FA funds in
amounts, or under terms and conditions, which are different from those
requested by an Applicant.
3. TA grants:
(a) An award Recipient shall use TA funds only for the eligible
activities described in Section II. Award Description (C)(2) of this
NOFA and its Assistance Agreement.
(b) A Sponsoring Entity award Recipient must create, as a legal
entity, the Emerging CDFI no later than the end of the first year of
the period of performance, whereupon the Sponsoring Entity must request
the CDFI Fund to amend the Assistance Agreement and add the Emerging
CDFI as a co-Recipient thereto, with the Sponsoring Entity, thereby
transferring any and all remaining balances and/or
[[Page 8353]]
assets derived from the TA award to the Emerging CDFI.
(c) A Recipient may not distribute TA funds to an Affiliate,
Subsidiary or any other entity, without the CDFI Fund's prior written
consent.
(d) TA funds shall only be paid to the Recipient.
(e) The CDFI Fund, in its sole discretion, may pay TA funds in
amounts, or under terms and conditions, which are different from those
requested by an Applicant.
V. Application Review Information
1. Criteria: 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, the Application guidance, and the Uniform
Administrative Requirements. 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 time period communicated by the CDFI
Fund or run the risk that its Application will be rejected.
(a) Application Scoring and Award Selection (FA, HFFI-FA, and TA):
The CDFI Fund will evaluate each Application using the FA and TA
Application Scoring Criteria described in the Application. An Applicant
must receive a minimum 40 percent of the total score for the FA, HFFI-
FA, and TA components in order to be considered for an award. An
Applicant that is an Emerging CDFI and has not received a previous TA
award will be rated, among other elements, on its plan to meet the
requirements of a Certified CDFI within two years of the beginning of
the period of performance. In addition, an Emerging CDFI Applicant that
is a prior TA Recipient will be rated, among other elements, on its
plan to meet the CDFI certification goal specified in its previous
Assistance Agreement. A Sponsoring Entity Applicant will be rated,
among other elements, on its plan to create an Emerging CDFI by the end
of the first year of the performance period and comply with CDFI
Certification requirements within four years of the beginning of the
period of performance.
The CDFI Fund will score each part as indicated in Tables 12 and
13.
Table 12--FA & TA Application Scoring Criteria
------------------------------------------------------------------------
FA applicants TA applicants
FA & TA narrative sections (points) (points)
------------------------------------------------------------------------
Executive Summary....................... Not Scored Not Scored
Purpose/Proposal........................ 10 15
Products................................ 10 10
Policies................................ 10 10
People.................................. 10 15
Partnerships............................ 10 5
Performance............................. 40 30
Projections............................. 10 15
-------------------------------
Total Points........................ 100 100
------------------------------------------------------------------------
Table 13--HFFI-FA Application Scoring Criteria
------------------------------------------------------------------------
HFFI-FA
HFFI-FA narrative sections applicants
(points)
------------------------------------------------------------------------
HFFI Target Market Profile.............................. 4
Healthy Food Financial Products......................... 5
Healthy Food Development Services....................... 2
Projected HFFI-FA Activities............................ 7
HFFI Track Record, Management Capacity for Providing 7
Healthy Food Financing, Healthy Food Financing Outcomes
---------------
Total Points........................................ 25
------------------------------------------------------------------------
2. Review and Selection Process. All Applications will be initially
evaluated by external non-Federal reviewers who are selected based on
criteria that includes: a professional background in community and
economic development finance; understanding of community and economic
development in Native Communities; experience reviewing financial
statements of all CDFI institution types; and experience performing
underwriting of community and economic development projects. Reviewers
must complete the CDFI Fund's conflict of interest process and be
approved by the CDFI Fund. The CDFI Fund's application reader conflict
of interest policy is located on the CDFI Fund's Web site.
TA Applications will be evaluated by one external reviewer; FA and
HFFI-FA Applications will be evaluated by three external reviewers. All
Applications will be reviewed in accordance with reviewer evaluation
materials. Applications will be ranked based on Application scores,
from highest to lowest. In the case of tied scores, Applicants will be
ranked first according to each Performance score, then the Purpose
section. TA Applicants, FA Applicants, and HFFI-FA Applicants will be
grouped and ranked separately.
3. Programmatic and Financial Risk Analysis. The CDFI Fund conducts
three additional levels of due diligence for Applications that are in
scoring contention for an award. This due diligence includes an
analysis of programmatic and financial risk factors including, but not
limited to: financial stability; quality of management systems and
ability to meet award management standards; history of performance in
managing Federal awards (including timeliness of reporting and
compliance); reports and findings from audits; and the Applicant's
ability to effectively implement Federal requirements. Award amounts
may be reduced as a
[[Page 8354]]
result of this analysis. In addition, for FA awards, the CDFI Fund may
reduce awards sizes from requested amounts based on certain variables,
including an Applicant's loan disbursement activity, total portfolio
outstanding, and similar factors. Lastly, the CDFI Fund may consider
geographic diversity of Applicants when making its funding decisions.
4. Insured Depository Institutions: The CDFI Fund will consider
safety and soundness information from the Appropriate Federal or State
Banking Agency. If the Applicant is a CDFI Depository Institution
Holding Company, the CDFI Fund will consider information provided by
the Appropriate Federal or State Banking Agencies about both the CDFI
Depository Institution Holding Company and the CDFI Certified Insured
Depository Institution that will expend and carry out the award. If the
Appropriate Federal Banking Agency or Appropriate State Agency
identifies safety and soundness concerns, the CDFI Fund will assess
whether the concerns cause or will cause the Applicant to be incapable
of undertaking the activities for which funding has been requested.
5. Non-Regulated Institutions: In accordance with the NACA
Program's authorizing statute and regulations, the CDFI Fund must
ensure, to the maximum extent practicable, that recipients that are
non-regulated CDFIs are financially and managerially sound and maintain
appropriate internal controls (12 U.S.C. 4707(f)(1)(A) and 12 CFR
1805.800(b)). Further, the CDFI Fund must determine that an Applicant's
capacity to operate as a CDFI will not be dependent upon assistance
from the CDFI Fund for continued viability (12 U.S.C. 4704(b)(2)(A)).
If it is determined the Applicant is incapable of meeting these
requirements, the CDFI Fund reserves the right to deem the Applicant
ineligible or terminate the award.
6. Anticipated Award Announcement: The CDFI Fund anticipates making
the NACA Program award announcement after September 23, 2016 and before
September 30, 2016.
7. Application Rejection: The CDFI Fund reserves the right to
reject an Application if information (including administrative error)
comes to the CDFI Fund's attention that either: adversely affects an
Applicant's eligibility for an award; adversely affects the Recipient's
certification as a CDFI (to the extent that the award is conditional
upon CDFI certification); adversely affects the CDFI Fund's evaluation
or scoring of an Application; or indicates fraud or mismanagement on
the Applicant's part. If the CDFI Fund determines any portion of the
Application is incorrect in a material respect, the CDFI Fund reserves
the right, in its sole discretion, to reject the Application. The CDFI
Fund reserves the right to change its eligibility and evaluation
criteria and procedures, if the CDFI Fund deems it appropriate. If the
changes materially affect the CDFI Fund's award decisions, the CDFI
Fund will provide information about the changes through its Web site.
The CDFI Fund's award decisions are final and there is no right to
appeal the decisions.
VI. Federal Award Administration Information
A. Award Notification: Each successful Applicant will receive an
email ``notice of award'' notification from the CDFI Fund stating that
its Application has been approved for an award. Each Applicant not
selected for an award will receive an email stating that a debriefing
notice has been provided in its AMIS account.
B. Assistance Agreement: Each Applicant selected to receive an
award must enter into an Assistance Agreement with the CDFI Fund in
order to receive a payment(s). The Assistance Agreement will set forth
the award's terms and conditions, including but not be limited to the:
(i) Award amount; (ii) award type; (iii) award uses; (iv) eligible use
of funds; (v) performance goals and measures; and (vi) reporting
requirements. FA Assistance Agreements have three-year periods of
performance; TA Assistance Agreements have two-year periods of
performance for Emerging and Certified CDFI TA Recipients and four-year
periods of performance for Sponsoring Entity TA Recipients. Upon
creation of the Emerging CDFI, the Sponsoring Entity will request the
CDFI Fund to amend the Assistance Agreement and add the Emerging CDFI
as a party thereto; the Emerging CDFI, as co-awardee, must comply with
all of the requirements in the Assistance Agreement, including all
program goals and measures.
1. Certificate of Good Standing: All FA and TA Recipients that are
not Insured Depository Institutions will be required to provide the
CDFI Fund with a certificate of good standing from the secretary of
state for the Recipient's State of incorporation prior to closing. This
certificate can often be acquired online on the secretary of state Web
site for the Recipient's State of incorporation and must generally be
dated within 270 days before the date the Recipient executes the
Assistance Agreement. Due to potential backlogs in State government
offices, Applicants are advised to submit requests for certificates of
good standing no later than 60 days after they submit their
Applications.
2. Closing: Pursuant to the Assistance Agreement, there will be an
initial closing at which point the Assistance Agreement and related
documents will be properly executed and delivered, and an initial
payment of FA or TA may be made. FA Recipients that are subject to the
matching funds requirement will not receive a payment until 100 percent
of their matching funds are In-Hand. The first payment is the estimated
amount of award that the Recipient states in its Application that it
will use for eligible FA or TA activities in the first 12 months after
the award.
The CDFI Fund will minimize the time between the Recipient
incurring costs for eligible activities and award payment based on what
is administratively feasible. The advanced payments for eligible
activities will occur no more than one year in advance of the Recipient
incurring costs for the eligible activities. Following the initial
closing, there may be subsequent closings involving additional award
payments. Any documents in addition to the Assistant Agreement that are
connected with such subsequent closings and payments shall be properly
executed and timely delivered by the Recipient to the CDFI Fund.
3. Requirements Prior to Entering into an Assistance Agreement: If,
prior to entering into an Assistance Agreement, information (including
administrative error) comes to the CDFI Fund's attention that:
Adversely affects the Recipient's eligibility for an award; adversely
affects the Recipient's certification as a CDFI (to the extent that the
award is conditional upon CDFI certification); adversely affects the
CDFI Fund's evaluation of the Application; indicates that the Recipient
is not in compliance with any requirement listed the Uniform
Administrative Requirements; or indicates fraud or mismanagement on the
Recipient's part, the CDFI Fund may, in its discretion and without
advance notice to the Recipient, terminate the award or take such other
actions as it deems appropriate. The CDFI Fund reserves the right, in
its sole discretion, to rescind an award if the Recipient fails to
return the Assistance Agreement, signed by the authorized
representative of the Recipient, and/or provide the CDFI Fund with any
other requested documentation, within the CDFI Fund's deadlines.
In addition, the CDFI Fund reserves the right, in its sole
discretion, to
[[Page 8355]]
terminate and rescind the Assistance Agreement and the award made under
this NOFA pending the criteria described in the following table:
Table 14--Requirements Prior to Executing an Assistance Agreement
------------------------------------------------------------------------
Requirement Criteria
------------------------------------------------------------------------
Failure to meet reporting If a Recipient received a
requirements. prior award under any CDFI Fund
program and is not current with the
reporting requirements in the
previously executed agreement(s),
the CDFI Fund can delay entering
into an Assistance Agreement or
disbursing an award until reporting
requirements are met.
If such a Recipient is
unable to meet the requirement
within the timeframe specified, the
CDFI Fund may terminate and rescind
the Assistance Agreement and the
award made under this NOFA.
The automated systems the
CDFI Fund uses only acknowledge a
report's receipt, not a
determination of meeting reporting
requirements.
Failure to maintain CDFI An FA Recipient must be a
Certification. Certified CDFI prior to entering
into an Assistance Agreement.
If an FA Recipient fails to
maintain CDFI Certification, the
CDFI Fund will terminate and
rescind the Assistance Agreement
and the award made under this NOFA.
Pending resolution of The CDFI Fund will delay
noncompliance. entering into an Assistance
Agreement with a Recipient that has
pending noncompliance issues if the
CDFI Fund has not yet made a final
determination as to whether the
Recipient is in default of its
previously executed award
agreement(s).
If the Recipient is unable
to satisfactorily resolve the
compliance issues, the CDFI Fund
may terminate and rescind the
Assistance Agreement and the award
made under this NOFA.
Default or Noncompliance status... If, at any time prior to
entering into an Assistance
Agreement, the CDFI Fund determines
that an Recipient is in default of
a previously executed agreement
with the CDFI Fund and the
Recipient has been provided written
notification of such determination,
the CDFI Fund can delay entering
into an Assistance Agreement, until
the Recipient has cured the default
by taking actions the CDFI Fund has
specified within the specified
timeframe. Further, if, at any time
prior to entering into an
Assistance Agreement, the CDFI Fund
determines that an Recipient is
noncompliant with an FY 2015 or
later award agreement with the CDFI
Fund and the Recipient has been
provided written notification of
such determination, the CDFI Fund
can delay entering into an
Assistance Agreement, until the
Recipient has cured the
noncompliance by taking actions the
CDFI Fund has specified within the
specified timeframe.
If the Recipient is unable
to meet the cure requirement within
the specified timeframe, the CDFI
Fund may terminate and rescind the
Assistance Agreement and the award
made under this NOFA.
Final Default and sanctions....... If the CDFI Fund has found the
Recipient in final default of a
prior executed agreement and
provided notification of sanctions,
the CDFI Fund may terminate and
rescind the Assistance Agreement
and the award made under this NOFA
within the time period specified in
such notification.
Compliance with Federal civil If prior to entering into an
rights requirements. Assistance Agreement under this
NOFA, the Recipient receives a
final determination, made within
the last three years, in any
proceeding instituted against the
Recipient in, by, or before any
court, governmental, or
administrative body or agency,
declaring that the Recipient has
violated the following laws: Title
VI of the Civil Rights Act of 1964,
as amended (42 U.S.C. 2000d);
Section 504 of the Rehabilitation
Act of 1973 (29 U.S.C. 794); the
Age Discrimination Act of 1975, (42
U.S.C. 6101-6107), and Executive
Order 13166, Improving Access to
Services for Persons with Limited
English Proficiency, the CDFI Fund
will terminate and rescind the
Assistance Agreement and the award
made under this NOFA.
Do Not Pay........................ The Do Not Pay Business
Center was developed to support
Federal agencies in their efforts
to reduce the number of improper
payments made through programs
funded by the Federal government.
The CDFI Fund reserves the
right, in its sole discretion, to
rescind an award if the Recipient
is identified as an ineligible
recipient on the Do Not Pay
database.
Safety and soundness.............. If it is determined the
Recipient is or will be incapable
of meeting its award obligations,
the CDFI Fund will deem the
Recipient to be ineligible or
require it to improve safety and
soundness conditions prior to
entering into an Assistance
Agreement.
------------------------------------------------------------------------
C. Reporting
1. Reporting Requirements: On an annual basis for the period of
performance, the CDFI Fund may collect information from each Recipient
including, but not limited to, an Annual Report with the following
components:
Table 15--Annual Reporting Requirements
------------------------------------------------------------------------
------------------------------------------------------------------------
Financial Report (Financial The Financial Report will be
Statements and Related Auditor's reviewed by the CDFI Fund to
and Accountant's Review Reports, determine the Recipient's financial
if applicable). and managerial soundness.
[[Page 8356]]
Single Audit (if applicable) (or If a Recipient is required to
similar report). complete a Single Audit Report, it
should be submitted to the Federal
Audit Clearinghouse (see 2 CFR
subpart F-Audit Requirements in the
Uniform Administrative
Requirements).
For-profit Recipients will be
required to complete and submit a
similar report directly to the CDFI
Fund.
Institution Level Report (ILR).... The ILR is a report used to collect
compliance and performance data
from CDFI Fund award Recipients.
The ILR is submitted through the
Community Investment Impact System
(CIIS) and captures organizational
information, financial position,
lending and investing activities,
community development outputs, and
development services.
Transaction Level Report (TLR).... The TLR is a report used to collect
compliance and performance data
from CDFI Fund award Recipients.
The TLR is submitted through the
CIIS and captures data on each
individual loan and investment in
the award Recipient's portfolio.
For CDFI Depository
Institution Holding Company
award Recipients, the TLR
captures data on the individual
loans and investments by its
CDFI Subsidiary Insured
Depository Institution's
portfolio.
TLR is not required for
TA Recipients.
Federal Financial Report/OMB If the Recipient receives a TA
Standard Form 425. award, it must submit the Federal
Financial Report/OMB Standard Form
425 via AMIS.
Uses of Funds Report.............. If the Recipient receives an FA or
TA award, it must submit the Uses
of Funds Report via AMIS.
Shareholders Report............... If the Assistance is in the form of
an Equity Investment, the Recipient
must submit shareholder information
to the CDFI Fund showing the class,
series, and number of shares and
valuation of capital stock held or
to be held by each shareholder. The
Shareholder Report must be
submitted for as long as the CDFI
Fund is an equity holder.
------------------------------------------------------------------------
Each Recipient is responsible for the timely and complete
submission of the Annual Reporting requirements. Sponsoring Entities
with co-awardees will be informed of any reporting shifts at the time
the Emerging CDFI is adjoined to the Agreement. The CDFI Fund reserves
the right to contact the Recipient and additional entities or
signatories to the Assistance Agreement to request additional
information and documentation. The CDFI Fund will use such information
to monitor each Recipient's compliance with the requirements in the
Assistance Agreement and to assess the impact of the NACA Program. The
CDFI Fund reserves the right, in its sole discretion, to modify these
reporting requirements, including increasing the scope and frequency of
reporting, if it determines it to be appropriate and necessary;
however, such reporting requirements will be modified only after notice
to Recipients.
2. Financial Management and Accounting: The CDFI Fund will require
Recipients to maintain financial management and accounting systems that
comply with Federal statutes, regulations, and the terms and conditions
of the Federal award. These systems must be sufficient to permit the
preparation of reports required by general and program specific terms
and conditions, including the tracing of funds to a level of
expenditures adequate to establish that such funds have been used
according to the Federal statutes, regulations, and the terms and
conditions of the Federal award.
The cost principles used by Recipients must be consistent with
Federal cost principles and support the accumulation of costs as
required by the principles, and must provide for adequate documentation
to support costs charged to the NACA Program award. In addition, the
CDFI Fund will require Recipients to: Maintain effective internal
controls; comply with applicable statutes, regulations, and the
Assistance Agreement; evaluate and monitor compliance; take action when
not in compliance; and safeguard personally identifiable information.
VII. Agency Contacts
A. The CDFI Fund will respond to questions concerning this NOFA and
the Application between the hours of 9:00 a.m. and 5:00 p.m. Eastern
Daylight Savings Time, starting on the date that the NOFA is published
through the date listed in Table 1 and Table 11. The CDFI Fund will
post on its Web site responses to reoccurring questions received about
this Application. Other information regarding the CDFI Fund and its
programs may be obtained from the CDFI Fund's Web site at https://www.cdfifund.gov. Table 16 lists CDFI Fund contact information:
Table 16--Contact Information
----------------------------------------------------------------------------------------------------------------
Telephone number (not
Type of question toll 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.
AMIS--IT Help Desk..................... 202-653-0422.............. AMIS@cdfi.treas.gov.
----------------------------------------------------------------------------------------------------------------
B. Information Technology Support: For IT Assistance, submit an
AMIS Service Request (Record Type of ``General Inquiry''). In the
Service Request form, select the appropriate program, then select
``AMIS Technical Problem'' as the Type. People who have visual or
mobility impairments that prevent them from using the CDFI Fund's Web
site should call (202) 653-0422 for assistance (this is not a toll free
number).
C. Communication With the CDFI Fund: The CDFI Fund will use contact
information in AMIS to communicate with Applicants and Recipients. It
is imperative, therefore, that Applicants, Recipients, Subsidiaries,
Affiliates, and signatories maintain accurate contact information in
their accounts. This includes information such as contact
[[Page 8357]]
names (especially for the authorized representative) listed in this
NOFA's application materials, email addresses, fax and phone numbers,
and office locations.
D. Civil Rights and Diversity: Any person who is eligible to
receive benefits or services from CDFI Fund or Recipients under any of
its programs is entitled to those benefits or services without being
subject to prohibited discrimination. The Department of the Treasury's
Office of Civil Rights and Diversity enforces various Federal statutes
and regulations that prohibit discrimination in financially assisted
and conducted programs and activities of the CDFI Fund. If a person
believes that s/he has been subjected to discrimination and/or reprisal
because of membership in a protected group, s/he may file a complaint
with: Associate Chief Human Capital Officer, Office of Civil Rights,
and Diversity, 1500 Pennsylvania Ave NW., Washington, DC 20220 or (202)
622-1160 (not a toll-free number).
VIII. Other Information
A. Paperwork Reduction Act: Under the Paperwork Reduction Act (44
U.S.C. chapter 35), an agency may not conduct or sponsor a collection
of information, and an individual is not required to respond to a
collection of information, unless it displays a valid OMB control
number. If applicable, the CDFI Fund may inform Applicants that they do
not need to provide certain Application information otherwise required.
Pursuant to the Paperwork Reduction Act, the CDFI Program, and NACA
Program Application has been assigned the following control number:
1559-0021.
B. Application Information Sessions: The CDFI Fund may conduct
webinars or host information sessions for organizations that are
considering applying to, or are interested in learning about, the CDFI
Fund's programs. For further information, please visit the CDFI Fund's
Web site at https://www.cdfifund.gov.
Authority: 12 U.S.C. 4701, et seq; 12 CFR parts 1805 and 1815;
2 CFR part 200.
Mary Ann Donovan,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2016-03222 Filed 2-17-16; 8:45 am]
BILLING CODE 4810-70-P