Notice of Funds Availability (NOFA) Inviting Applications for Financial Assistance (FA) Awards or Technical Assistance (TA) Grants Under the Community Development Financial Institutions Program (CDFI Program) Fiscal Year (FY) 2017 Funding Round, 11991-12008 [2017-03743]

Download as PDF Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices having lenders provide this form of periodic reporting to SBA. Solicitation of Public Comments SBA is requesting comments on (a) Whether the collection of information is necessary for the agency to properly perform its functions; (b) whether the burden estimates are accurate; (c) whether there are ways to minimize the burden, including through the use of automated techniques or other forms of information technology; and (d) whether there are ways to enhance the quality, utility, and clarity of the information. Summary of Information Collection: Title: Guaranteed Disaster Assistance Program—Payment Reporting. Description of Respondents: Lenders who received funding through this guaranty program. Form Number: N/A. Total Estimated Annual Responses: 5,604. Total Estimated Annual Hour Burden: 467. Curtis B. Rich, Management Analyst . [FR Doc. 2017–03774 Filed 2–24–17; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION Data Collection Available for Public Comments 60-day notice and request for comments. ACTION: The Small Business Administration (SBA) intends to request approval, from the Office of Management and Budget (OMB) for the collection of information described below. The Paperwork Reduction Act (PRA) of 1995, requires federal agencies to publish a notice in the Federal Register concerning each proposed collection of information before submission to OMB, and to allow 60 days for public comment in response to the notice. This notice complies with that requirement. DATES: Submit comments on or before April 28, 2017. ADDRESSES: Send all comments to Mary Frias, Loan Specialist, Office of Financial Assistance, Small Business Administration, 409 3rd Street SW., Washington, DC 20416. FOR FURTHER INFORMATION CONTACT: Mary Frias, Loan Specialist, Office of Financial Assistance, mary.frias@sba.gov, 202–401–8234, or mstockstill on DSK3G9T082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 Curtis B. Rich, Management Analyst, 202–205–7030, curtis.rich@sba.gov; SUPPLEMENTARY INFORMATION: Small Business Administration (SBA) has established a loan program, the immediate Disaster Assistance Program, (IDAP) to assist small businesses affected by a federally declared disaster or economic disaster. The program will provide guaranteed loan through 7(a) lenders participating in IDAP to cover the short time frame between the data of the disaster damage and a small business. This requested information, which will be provided by the affected small businesses and IDAP participating lenders, will be used to determine eligibility for an IDAP loan and participation in the program. Solicitation of Public Comments SBA is requesting comments on (a) Whether the collection of information is necessary for the agency to properly perform its functions; (b) whether the burden estimates are accurate; (c) whether there are ways to minimize the burden, including through the use of automated techniques or other forms of information technology; and (d) whether there are ways to enhance the quality, utility, and clarity of the information. Summary of Information Collection Title: Immediate Disaster Assistance Loan Program Application and Eligibility Data. Description of Respondents: IDAP participating lenders. Form Number: SBA Forms 2410, 2411, 2412. Total Estimated Annual Responses: 984. Total Estimated Annual Hour Burden: 543. Curtis B. Rich, Management Analyst . 11991 nomination applications for the Motorcyclist Advisory Council (MAC) until March 23, 2017. DATES: The deadline for nominations for MAC membership is extended to March 23, 2017. ADDRESSES: All nomination materials should be emailed to MAC–FHWA@ dot.gov or mailed attention to Mr. Michael Griffith, Federal Highway Administration, Office of Safety, Room E71–312, 1200 New Jersey Ave. SE., Washington, DC 20590. Any person needing accessibility accommodations should contact Michael Griffith at (202) 366–9469. FOR FURTHER INFORMATION CONTACT: Mr. Michael Griffith, Office of Safety, (202) 366–9469 or MAC-FHWA@dot.gov; 1200 New Jersey Ave. SE., Washington, DC 20590; or Ms. Seetha Srinivasan, Office of the Chief Counsel-Legislation, Regulations, and General Law Division, 1200 New Jersey Avenue SE., Washington, DC 20590, (202) 366–4099 or Seetha.Srinivasan@dot.gov. SUPPLEMENTARY INFORMATION: The FHWA published its notice establishing the MAC and soliciting nominations for MAC membership on January 9, 2017, at 82 FR 2436. This notice extends the deadline for submitting nomination applications to March 23, 2017. Interested parties should refer to the January 9th notice for application submission instructions. Issued on: February 17, 2017. Walter C. Waidelich, Jr., Acting Deputy Administrator, Federal Highway Administration. [FR Doc. 2017–03711 Filed 2–24–17; 8:45 am] BILLING CODE 4910–22–P DEPARTMENT OF THE TREASURY [FR Doc. 2017–03760 Filed 2–24–17; 8:45 am] Community Development Financial Institutions Fund BILLING CODE 8025–01–P DEPARTMENT OF TRANSPORTATION Federal Highway Administration [FHWA Docket No. FHWA–2016–0033] Motorcyclist Advisory Council to the Federal Highway Administration Federal Highway Administration (FHWA), DOT. ACTION: Notice of extension of nomination deadline. AGENCY: The FHWA is announcing the extension of the deadline for SUMMARY: PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 Notice of Funds Availability (NOFA) Inviting Applications for Financial Assistance (FA) Awards or Technical Assistance (TA) Grants Under the Community Development Financial Institutions Program (CDFI Program) Fiscal Year (FY) 2017 Funding Round Announcement Type: Announcement of funding opportunity. Funding Opportunity Number: CDFI– 2017–FATA. Catalog of Federal Domestic Assistance (CFDA) Number: 21.020. Key Dates: E:\FR\FM\27FEN1.SGM 27FEN1 11992 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices TABLE 1—FY 2017 CDFI PROGRAM FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS Description Deadline Time (eastern daylight time–EDT) CDFI Certification Applications ............................. March 24, 2017 ..... 11:59 p.m. EDT .... SF424 (Application for Federal Assistance) ......... Last day to contact CDFI Program staff ............... March 24, 2017 ..... April 26, 2017 ....... 11:59 p.m. EDT .... 5:00 p.m. EDT ...... CDFI Program Application for Financial Assistance (FA) or Technical Assistance (TA). April 28, 2017 ....... 11:59 p.m. EDT .... Executive Summary: Through the CDFI Program, the CDFI Fund provides (i) FA awards of up to $2 million to Certified Community Development Financial Institutions (CDFIs) to build their financial capacity to lend to their Target Markets, and (ii) TA grants of up to $125,000 to build Certified, Certifiable, and Emerging CDFIs’ organizational capacity to serve their Target Markets. All awards provided through this NOFA are subject to funding availability. I. Program Description A. History: The CDFI Fund was established by the Riegle Community Development Banking and Financial Institutions Act of 1994 to promote economic revitalization and community development through investment in and assistance to CDFIs. Since its creation in 1994, the CDFI Fund has awarded more than $2.2 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 $50.5 billion in tax credit allocation authority through the New Markets Tax Credit Program (NMTC Program) and has obligated $1.1 billion in bond guarantees to Eligible CDFIs through the CDFI Bond Guarantee Program. Submission method Electronically via Award Management Information System (AMIS). Electronically via Grants.gov. Service Request via Award Management Information System (AMIS) or CDFI Fund Helpdesk: 202–653–0421 or cdfihelp@ cdfi.treas.gov. Electronically via Awards Management Information System (AMIS). B. Priorities: Through the CDFI Program’s FA awards and TA grants, the CDFI Fund invests in and builds the capacity of for-profit and non-profit community based lending organizations known as Community Development Financial Institutions, or CDFIs. These organizations, Certified as CDFIs by the CDFI Fund, serve rural and urban lowincome people and communities across the nation that lack adequate access to affordable financial products and services. C. Authorizing Statutes and Regulations: The CDFI Program is authorized by the Riegle Community Development Banking and Financial Institutions Act of 1994 (Pub. L. 103– 325, 12 U.S.C. 4701 et seq.). The regulations governing the CDFI Program are found at 12 CFR parts 1805 and 1815 (the Regulations) and set forth evaluation criteria and other program requirements. The CDFI Fund encourages Applicants to review the Regulations; this NOFA; the Application; and the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR 200; 78 Federal Register 78590) (Uniform Administrative Requirements) for a complete understanding of the program. Capitalized terms in this NOFA are defined in the authorizing statute, the Regulations, this NOFA, the Application, 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 200): The Uniform Administrative Requirements codify 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, the soundness of its business plan, history of performance, ability to achieve measurable impacts through its products and services, and audit findings. In addition, the Uniform Administrative Requirements include 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. II. Federal Award Information A. Funding Availability 1. FY 2017 Funding Round: The CDFI Fund expects to award, through this NOFA, approximately $175 million as indicated in the following table: mstockstill on DSK3G9T082PROD with NOTICES TABLE 2—FY 2017 FUNDING ROUND ANTICIPATED CATEGORY AMOUNTS Estimated total amount to be awarded (millions) Funding categories (see definition in table 7) FA: Category I/Small and/or Emerging CDFI Assistance (SECA) ............................................................ FA: Category II/Core .................................................... TA ................................................................................. VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 PO 00000 $19 130 4 Frm 00102 Fmt 4703 Award amount Minimum Maximum $125,000 500,000 10,000 Sfmt 4703 $700,000 2,000,000 125,000 E:\FR\FM\27FEN1.SGM Estimated number of awards for FY 2017 43 174 35 27FEN1 Estimate average amount awarded in FY 2017 $442,000 707,000 114,000 Average amount awarded in FY 2016 $487,000 1,382,000 118,000 11993 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices TABLE 2—FY 2017 FUNDING ROUND ANTICIPATED CATEGORY AMOUNTS—Continued Estimated total amount to be awarded (millions) Funding categories (see definition in table 7) Award amount Minimum Maximum Estimated number of awards for FY 2017 Estimate average amount awarded in FY 2017 Average amount awarded in FY 2016 Healthy Food Financing Initiative—Financial Assistance (HFFI–FA) * ...................................................... 22 500,000 5,000,000 10 2,200,000 2,400,000 Total ...................................................................... $175 .................... .................... 262 .................... .................... mstockstill on DSK3G9T082PROD with NOTICES * 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 2017 Funding Round: Funds for the FY 2017 Funding Round are subject to change based on passage of a final FY 2017 budget; if Congress does not appropriate funds for the CDFI Program there will not be a FY 2017 Funding Round. If funds are appropriated, the amount of such funds may be greater or less than the amounts set forth above. The CDFI Fund reserves the right to contact applicants to seek additional information in the event that that final FY 2017 appropriations for the CDFI Program change any of the requirements of this NOFA. As of the date of this NOFA, the CDFI Fund is operating under a continuing funding resolution as enacted by the Further Continuing and Security Assistance Appropriations Act of 2017 (Pub. L. 114–254). 3. Anticipated Start Date and Period of Performance: The CDFI Fund anticipates the period of performance for the FY 2017 Funding Round will begin in late September 2017. Specifically, the period of performance for TA grants for certified CDFIs begins with the date of the notice of the award and includes an award Recipient’s two 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 TA grants for Certifiable CDFIs or Emerging CDFIs begins with the date of the notice of the award and includes an award Recipient’s three 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 VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 performance for FA awards begins with the date of the notice of the award and 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 CDFI Program, the CDFI Fund provides two types of awards: Financial Assistance (FA) and Technical Assistance (TA) awards. An Applicant may submit an Application for a TA grant or an FA award, 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 CDFI Program FY 2017 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 PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 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 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 serving Commercial Real Estate, Small Business, Microenterprise, Community Facilities, Consumer Financial Products, Consumer Financial Services, Commercial Financial Services, Affordable Housing, Intermediary Lending to Non-Profits and CDFIs, and other lines of business as deemed appropriate by the CDFI Fund in the following five categories: (i) Financial Products; (ii) Financial Services; (iii) Loan Loss Reserves; (iv) Development Services; and (v) Capital Reserves. 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: E:\FR\FM\27FEN1.SGM 27FEN1 11994 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices 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. ii. Financial Services ....................... iii. Loan Loss Reserves ................... iv. Development Services ............... v. Capital Reserves ......................... Eligible CDFI institution types FA set aside in the form of cash reserves, or through accountingbased 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; homeownership 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. 2. TA Grants: TA grant funds can be expended for the following seven eligible activity categories: (i) Compensation—personnel 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 All. Insured Depository Institutions only. Not applicable for HFFI-FA Recipients. All. All. Insured only. Depository Institutions not be authorized for indirect costs or 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—personnel services ............... (ii) Compensation—fringe benefits ...................... (iii) Professional service costs ............................. (iv) Travel costs ................................................... (v) Training and education costs ......................... (vi) Equipment ..................................................... mstockstill on DSK3G9T082PROD with NOTICES (vii) Supplies ........................................................ 3. HFFI–FA Award: HFFI–FA award funds can only be expended for eligible FA activities referenced in Table 3. The HFFI–FA investments must comply with the following guidelines: a. Recipient must deploy loans, equity investments, and similar financing VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 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) 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. 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, 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 cost of less than $5,000, subject to the applicable provisions of the Uniform Administrative Requirements. activities, including the purchase of loans and the provision of loan guarantees for Healthy Food Retail Outlets and Healthy Food Non-Retail Outlets in its Target Market in an amount equal to or greater than 100% of the total HFFI Financial Assistance PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 provided. Eligible financing activities to Healthy Food Retail Outlets and Healthy Food Non-Retail Outlets require that the majority of the HFFI-supported loan or investment must be devoted to offering a range of Healthy Food choice, which may include, among other activities, E:\FR\FM\27FEN1.SGM 27FEN1 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices investments supporting an existing retail store or wholesale operation upgrading to offer an expanded range of Healthy Food choices, or supporting a nonprofit organization that expands the availability of Healthy Foods in underserved areas. b. Recipient must also demonstrate that it has deployed loans, equity investments, and similar financing activities, including the purchase of loans and the provision of loan guarantees to Healthy Food Retail Outlets located in Food Deserts in the Recipient’s Target Market in an amount equal to 75% of the total HFFI Financial Assistance provided. c. Eligible financing activities to Healthy Food Retail Outlets require that the majority of the HFFI-supported loan or investment must be devoted to offering a range of Healthy Food choice, which may include, among other activities, investments supporting an existing retail store upgrading to offer an expanded range of Healthy Food choices. Definitions Healthy Foods. Healthy Foods include nutrient-dense foods and beverages as set forth in the USDA Dietary Guidelines for Americans 2015–2020 including whole fruits and vegetables, whole grains, fat free or low-fat dairy foods, lean meats and poultry (fresh, refrigerated, frozen or canned). Healthy Foods should have low or no added sugars, and be low-sodium, reduced sodium, or no-salt-added. (See USDA Dietary Guidelines: https:// www.choosemyplate.gov/dietaryguidelines). Healthy Food Retail Outlets. Commercial sellers of Healthy Foods including, but not limited to, grocery stores, mobile food retailers, farmers markets, retail cooperatives, corner stores, bodegas stores that sell other food and non-food items along with a range of Healthy Foods. As those terms are determined and defined by the CDFI Fund in the Assistance Agreement and related compliance materials. Healthy Food Non-Retail Outlets. Wholesalers of Healthy Foods including, but not limited to, wholesale food outlets, wholesale cooperatives, or other non-retail food producers that supply for sale a range of Healthy Food options; entities that produce or distribute Healthy Foods for eventual retail sale, and entities that provide consumer education regarding the consumption of Healthy Foods. As those terms are determined and defined by the CDFI Fund in the Assistance Agreement and related compliance materials. Food Deserts. Distressed geographic areas where either a substantial number or share of residents has low access to a supermarket or large grocery store. For the purpose of satisfying the requirements of Goal 2, Measure 2, a 11995 Food Desert must either: (1) Be a census tract determined to be a Food Desert by the U.S. Department of Agriculture (USDA), in its USDA Food Access Research Atlas; (2) be a census tract adjacent to a census tract determined to be a Food Desert by the USDA, in its USDA Food Access Research Atlas; which has a median family income less than or equal to 120 percent of the applicable Area Median Family Income; or (3) be a Geographic Unit as defined in 12 CFR part 1805.201(b)(3)(ii)(B), which (i) individually meets at least one of the criteria in 12 CFR part 1805.201(b)(3)(ii)(D), and (ii) has been identified as having low access to a supermarket or grocery store through a methodology that has been adopted for use by another governmental or philanthropic healthy food initiative. III. Eligibility Information A. Eligible Applicants: For the purposes of this NOFA, the following tables set forth the eligibility criteria to be in contention 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 ...................................................... Certifiable CDFI ................................................... Emerging CDFI (TA Applicants) .......................... • 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. (See Table 11 for application submission deadlines.) • 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. • The CDFI Fund will enter into an Assistance Agreement if the Applicant was awarded a TA award regardless of the Applicant’s certification status. • A non-Certified entity that has not submitted a CDFI Certification Application but demonstrates to the CDFI Fund in its Application 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. mstockstill on DSK3G9T082PROD with NOTICES TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS Applicant .............................................................. VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 • Only the entity that will carry out the proposed award activities can apply for an award (i.e., 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). PO 00000 Frm 00105 Fmt 4703 Sfmt 4703 E:\FR\FM\27FEN1.SGM 27FEN1 11996 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS—Continued Application type and submission overview through Grants.gov and Awards Management Information System (AMIS). Employer Identification Number (EIN) ................ Dun & Bradstreet, (DUNS) number .................... Awards Management (AMIS). Information System 501(c)(4) status ................................................... Compliance with Nondiscrimination and Equal Opportunity Statutes, Regulations, and Executive Orders. Depository Institution Holding Company Applicant. mstockstill on DSK3G9T082PROD with NOTICES Insured CDFI—Insured Credit Union and Insured Depository Institution. Use of award ....................................................... Requested award amount ................................... VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 • 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 websites. 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 Office of Management and Budget (OMB) Standard Form (SF) 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 as early as possible. • Grants.gov and the SF–424: Æ The SF–424 must be submitted in Grants.gov on or before March 24, 2017, 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 The SF–424 must be submitted under the CDFI Program Funding Opportunity Number. 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 an enterprise-wide information technology system that replaced the myCDFI Fund portal. Applicants will use AMIS to submit and store organization and application information with the CDFI Fund. Æ Applicants are only allowed one CDFI Program Application submission in AMIS. Æ Only the Authorized Representative or Application Point of Contact, included in the Application, can submit the Application in AMIS. Æ All 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 Internal Revenue Service (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 the AMIS 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, any 501(c)(4) organization that engages in lobbying activities is not eligible for the receipt of a CDFI or 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 but not limited to: Title VI of the Civil Rights Act of 1964, as amended (42 U.S.C. 2000d); Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794); the Age Discrimination Act of 1975, (42 U.S.C. 6101–6107), and Executive Order 13166, Improving Access to Services for Persons with Limited English Proficiency. • In the case where a CDFI Depository Institution Holding Company Applicant intends to carry out the activities of an award through its Subsidiary CDFI Insured Depository Institution, the Application must be submitted by the CDFI Depository Institution Holding Company and reflect the activities and financial performance of the Subsidiary CDFI Insured Depository Institution. • Authorized representatives of both the Depository Institution Holding Company and the Subsidiary CDFI Insured Depository Institution must certify that the information included in the Application represents that of the Subsidiary CDFI Insured Depository Institution and that the award funds will be used to support the Subsidiary CDFI Insured Depository Institution for the eligible activities outlined in the Application. • To be eligible for an award, each Insured Depository Institution Applicant must have a CAMELS/CAMEL rating (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 in the Application in AMIS. An Application that does not include this amount will not be allowed to submit an Application. PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 E:\FR\FM\27FEN1.SGM 27FEN1 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices 11997 TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS—Continued Pending resolution of noncompliance ................. Noncompliance status ......................................... • The CDFI Fund will consider an Application submitted by an Applicant that has pending noncompliance issues of any of its previously executed award agreement(s), if the CDFI Fund has not yet made a final compliance determination. • The CDFI Fund will not consider an Application submitted by an Applicant that has a previously executed award agreement(s) if, as of the date of the Application, (i) the CDFI Fund has made a determination that such entity is noncompliant with a previously executed agreement and (ii) the CDFI Fund has provided written notification that such entity is ineligible to apply for or receive any future CDFI Fund awards or allocations. Such entities will be ineligible to submit an Application for such time period as specified by the CDFI Fund in writing. • The CDFI Fund will not consider any Applicant that has defaulted on a CDFI Program loan within five years of the Application deadline. TABLE 7—ELIGIBILITY REQUIREMENTS FOR TA APPLICANTS CDFI certification status ...................................... Matching funds .................................................... Limitation on Awards ........................................... (1) Emerging CDFIs (see definitions in Table 5), or (2) Certifiable or Certified CDFIs (see Table 5) that meet the following criteria: (1) Have total assets * as of the end of the Applicant’s most recent fiscal year end in the following amounts: • Insured Depository Institutions and Depository Institution Holding Companies: Up to $250 million. • Insured Credit Unions: Up to $10 million. • Venture capital funds: Up to $10 million. • Other CDFIs: Up to $5 million or (2) Have begun operations ** on or after January 1, 2013. * ‘‘Total assets’’ is defined as the Total Assets as of Fiscal Year End Date stated in the Applicant’s AMIS account and verified by internally prepared financial statements and/or audits. ** ‘‘Have begun operations’’ is defined as the financing activity start date indicated in the Applicant’s AMIS account. • Matching funds documentation is not required for TA awards. • An Emerging CDFI will be allowed to receive no more than three TA awards as an uncertified CDFI. TABLE 8—ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS CDFI certification status ...................................... Matching funds documentation ........................... $5 Million funding cap ......................................... mstockstill on DSK3G9T082PROD with NOTICES FA Category I (SECA) ......................................... VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 • 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. • All Applicants must submit acceptable documentation attesting that they have received or will receive matching funds. Applicants that do not submit the Matching Funds Excel Workbook documenting the source of their matching funds 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 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. • For purposes of this NOFA and subject to final FY 2017 appropriations language, the CDFI Fund will include CDFI and NACA Program final awards in the cap calculation that were provided to an Applicant (and/or its Subsidiaries or Affiliates) under the FY 2015, and 2016 funding rounds, as well as the requested FY 2017 award, excluding HFFI–FA awards. The CDFI Fund will make the FY 2017 funding round award announcements after September 23, 2017. • To be an eligible SECA Applicant, an Applicant must meet the following criteria: (1) Be a Certified or Certifiable CDFI; (2) Request $700,000 or less in FA funds; AND EITHER (3) Have total assets * as of the end of the Applicant’s most recent fiscal year end in the following amounts: • Insured Depository Institutions and Depository Institution Holding Companies: Up to $250 million • Insured Credit Unions: Up to $10 million • Venture capital funds: Up to $10 million • Other CDFIs: Up to $5 million OR (4) Have begun operations ** on or after January 1, 2013. PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 E:\FR\FM\27FEN1.SGM 27FEN1 11998 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices TABLE 8—ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS—Continued FA Category II (Core) .......................................... FA Applicants with Community Partners ............ HFFI–FA .............................................................. B. Matching Funds Requirements: In order to receive an FA award, an Applicant must provide evidence of eligible dollar-for-dollar matching funds and attest that it can provide acceptable documentation upon the CDFI Fund’s request. An Applicant that uses Retained Earnings or Equity Investments must provide documentation of eligible dollar-for-dollar matching funds at the * ‘‘Total assets’’ is defined as the Total Assets of Fiscal Year End Date stated in the Applicant’s AMIS account and verified by internally prepared financial statements and/or audits. ** ‘‘Have begun operations’’ is defined as the financing activity start date indicated in the Applicant’s AMIS account. • A Core Applicant must be either a Certified or Certifiable CDFI as defined in Table 5. • An Applicant that meets the SECA requirements stated above, that requests more than $700,000 in award funds is categorized as an FA Category II (Core) Applicant, regardless of its total assets and/or years in operation. • A CDFI Applicant can apply for assistance jointly with a Community Partner. The CDFI Applicant would complete the CDFI Program Application for (FA) and would address the Community Partnership in its business plan and other sections of the Application as specified in the guidance materials. • The CDFI Applicant must be either a Certified or Certifiable CDFI as defined in Table 5. • An Application with a Community Partner must: Æ Describe how the CDFI Applicant and Community Partner will each participate in carrying out the partnership and how the partnership will enhance activities serving the investment area or targeted population. Æ Demonstrate that the Community Partnership activities are consistent with the strategic plan submitted by the CDFI-Applicant. • Assistance provided upon approval of an Application with a Community Partner shall only be entrusted to the CDFI Applicant and shall not be used to fund any activity carried out directly by the Community Partner or an Affiliate or Subsidiary thereof. • All HFFI–FA Applicants must: Æ Submit a CDFI or NACA Program FA Application; Æ Meet all FA award eligibility requirements; Æ Submit the HFFI–FA Application; and Æ Provide an HFFI–FA award request amount in AMIS. time of application submission. The CDFI Fund will review summary matching funds information, attestations, and matching funds documentation, if applicable, 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 available on the CDFI Fund’s Web site. 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 ................................... mstockstill on DSK3G9T082PROD with NOTICES Determination of award form ............................... Matching Funds Window definition ..................... VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 The following Applicants must provide evidence of acceptable matching funds: • Category I/SECA FA Applicants (upon request) *; • Category II/Core FA Applicants; and • HFFI–FA Applicants. (upon request) * TA Applicants are not required to provide matching funds. * The matching funds requirement for HFFI–FA and SECA FA applicants was waived in the appropriations bill for FY 2016 and the final FY 2017 appropriations are still pending. HFFI– FA and SECA FA applicants are not required to submit matching funds for their award requests at the time of application. However, the CDFI Fund reserves the right to request matching funds from HFFI–FA and SECA FA applicants if matching funds are not waived in the final FY 2017 CDFI Program appropriation. Applicants must provide evidence 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 percent 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 and/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, 2015 and January 15, 2018. • An Award Recipient must provide the CDFI Fund with all documentation demonstrating the receipt of In-Hand matching funds by January 31, 2018. PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 E:\FR\FM\27FEN1.SGM 27FEN1 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices 11999 TABLE 9—MATCHING FUNDS REQUIREMENTS—Continued Matching funds and form of award ..................... In-Hand matching funds definition ...................... Committed matching funds definition .................. Limitations on matching funds ............................ Rights of the CDFI Fund ..................................... mstockstill on DSK3G9T082PROD with NOTICES Matching funds in the form of third-party in-kind contributions. Matching funds in the form of a loan .................. VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 • Recipients will be approved for a maximum award size of two times the total amount of eligible In-Hand and/or Committed matching funds included in the Application, so long as they do not exceed the award amount limit. • The form of the matching funds documented in the Application determines the form of the award. • Matching funds are In-Hand when the Applicant receives payment for the matching funds from the matching funds source and has acceptable documentation that can be provided to the CDFI Fund upon request. Acceptable In-Hand documentation must show the source, form (e.g., grant, loan, deposit, and Equity Investment), amount received, and the date the funds came into physical possession of the Applicant. • The following documentation, depending on the matching funds type, must be available to be provided to the CDFI Fund upon request: • Loan—the loan agreement and/or promissory note; • grant—the grant letter or agreement for all grants; • equity investment—the stock certificate and shareholder agreement; • retained earnings—audits or call reports from regulating entity; • third party in-kind contribution—evidence of receipt of contribution and valuation; • deposits—certificates of deposit agreement; • secondary capital—secondary capital agreement and disclosure and acknowledgement statement; AND • clearly legible documentation that demonstrates actual receipt of the matching funds including the date of the transaction and the amount, such as a copy of a check or a wire transfer statement. • Applicants must provide information on their In-Hand matching funds in the Matching Funds Breakout Table Excel Workbook (refer to Table 10—Required Application Documents) which must be submitted at the time of Application. • Although Applicants are not required to provide further documentation for In-Hand matching funds at the time of Application submission, except for Retained Earnings and Equity Investments, they must be able to provide documentation to the CDFI Fund upon request. • 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 be able to provide the CDFI Fund, upon request, acceptable written documentation showing the source, form, and amount of the Committed matching funds (including, in the case of a loan, the terms thereof), as well as the anticipated payment date of the Committed funds. • Applicants must provide information on their Committed matching funds in the Matching Funds Breakout Table Excel Workbook (refer to Table 10—Required Application Documents) which must be submitted at the time of Application. • Although Applicants are not required to provide further documentation for Committed matching funds at the time of Application submission, except for Retained Earnings, it must be able to provide documentation to the CDFI Fund upon request. • 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 C.F.R. 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 if required or requested. • 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 provide evidence of In-Hand Matching Funds totaling its award amount obtained during the Matching Funds Window. • Third party in-kind contributions are non-cash contributions (i.e., property or services) provided by non-Federal third parties to the Applicant. • Third party in-kind contributions will be considered to be in the form of a grant for matching funds purposes. • Third party in-kind contributions may be in the form of real property, equipment, supplies, and other expendable property, 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 as the grant match. • 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 1.9 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: PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 E:\FR\FM\27FEN1.SGM 27FEN1 12000 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices TABLE 9—MATCHING FUNDS REQUIREMENTS—Continued Severe Constraints Waiver ................................. • • • Ineligible matching funds .................................... • • Use of matching funds from a prior CDFI Program Recipient. If Matching funds in the form of retained earnings • Special rule for Insured Credit Unions and Insured Depository Institutions. • • • mstockstill on DSK3G9T082PROD with NOTICES • VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 PO 00000 i. Have a minimum of a 3-year term (loans presented as matching funds with less than a 3-year term will not qualify as eligible match); and ii. be from a non-Federal source. 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 SECA eligibility criteria described in Table 8. Instructions for requesting a Severe Constraints Waiver will be made available if required. 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 evidence of the alternative matching funds within the period of time specified by the CDFI Fund, and ii. the alternative matching funds will not increase the total amount of FA requested. an Applicant offers matching funds documentation from an organization that was a prior Recipient under the CDFI Program or NACA Program, the Applicant must be able to prove to the CDFI Fund’s satisfaction that such funds do not consist, in whole or in part, of CDFI Program funds, NACA Program funds, or other Federal funds. 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 used for an award; or ii. the annual average of such increases that occurred over any three consecutive fiscal years of the Applicant with at least one of the fiscal years occurring within the Matching Funds Window, adjusted to remove revenue and expenses derived from Federal sources and matching funds used for an award; or iii. any combination of (i) and (ii) above that does not include matching funds used for an award. Retained earnings will be matched with an FA award in the form of a grant. 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 used for an award; or ii. the annual average of such increases that occurred over any three consecutive fiscal years of the Applicant with at least one of the fiscal years occurring within the Matching Funds Window, adjusted to remove revenue and expenses derived from Federal sources and matching funds used for an award; or iii. 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, 2017; must occur by the end of Year 1 of the Recipient’s 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, 2015, and December 31, 2016. • The matching funds are not In-Hand until the Recipient has increased its member and/ or non-member shares, deposits and/or total loans outstanding by the amount of retained earnings since inception used as matching funds 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, 2017; must occur by the end of Year 1 of the Recipient’s 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. Frm 00110 Fmt 4703 Sfmt 4703 E:\FR\FM\27FEN1.SGM 27FEN1 12001 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices TABLE 9—MATCHING FUNDS REQUIREMENTS—Continued • 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, 2015, and December 31, 2016. • The matching funds are not In-Hand until the Recipient has increased its deposits and/ or total loans outstanding by the amount of retained earnings since inception used as matching funds within the time period specified. • All regulated Applicants utilizing the part (iii) Since Inception rule should refer to the Retained Earnings Guidance included in the Matching Funds Breakout Table Excel Workbook found on the CDFI Fund Web site. IV. Application and Submission Information A. Address to Request an Application Package: Application materials can be found on the CDFI Fund’s Web site at www.cdfifund.gov/cdfi. 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 2017 Funding Round. The CDFI Fund reserves the right to request and review other pertinent or public information that has not been specifically requested in this NOFA or the Application. Information submitted by the Applicant that the CDFI Fund has not specifically requested will not be reviewed or considered as part of the Application. Information submitted must accurately reflect the Applicant’s activities. Financial data, 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 ............................................................................. CDFI Program Application Components: • Funding Application Detail. • Data, Charts, and Narrative sections as listed in AMIS and outlined in Application materials. HFFI–FA Application Components: • Funding Application Detail • Narratives. All Applicants ................................................................... All Applicants ................................................................... Fillable PDF in Grants.gov. AMIS. HFFI–FA Applicants—Must create new funding application. AMIS. Attachments to the Application: Add to ‘‘Related Attachments’’ related list in application Matching Funds Breakout Table Excel Workbook ........... Key Staff Resumes ........................................................... FA Core Applicants ......................................................... All Applicants ................................................................... Organizational Chart ......................................................... Audited Financial Statements ........................................... 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 ............................................. Management Letters ......................................................... Unaudited Financial Statements (if Audited Financial Statements are not available). Call Reports ...................................................................... mstockstill on DSK3G9T082PROD with NOTICES Current Year to Date—December 31, 2016 Unaudited Financial Statements. Additional Documents As Applicable: Community Partnership Agreement 501(c)(4) Questionnaire Explanation Environmental Review Form Explanation Retained Earnings or Equity Investment Matching Funds Documentation 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, VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 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 PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 Excel in AMIS. PDF or Word document in AMIS. PDF in AMIS. PDF in AMIS. PDF in AMIS. PDF in AMIS. PDF in AMIS. PDF in AMIS. PDF or Word document in AMIS. AMIS. The deadline for submitting the SF 424 is listed in Tables 1 and 11. 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 E:\FR\FM\27FEN1.SGM 27FEN1 12002 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices 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 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 2017 Funding Round. TABLE 11—FY 2017 FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS Deadline Time (EDT) Submission method CDFI Certification Applications ............................. March 24, 2017 ..... 11:59 p.m. EDT .... SF–424 (Application for Federal Assistance) ....... Last day to contact CDFI Program staff ............... March 24, 2017 ..... April 26, 2017 ....... 11:59 p.m. EDT .... 5:00 p.m. EDT ...... CDFI Program Application for Financial Assistance (FA) or Technical Assistance (TA). mstockstill on DSK3G9T082PROD with NOTICES Description April 28, 2017 ....... 11:59 p.m. EDT .... Electronically via Award Management Information System (AMIS). Electronically via Grants.gov. Service Request via Award Management Information System (AMIS) or CDFI Fund Helpdesk: 202–653–0421 or cdfihelp@ cdfi.treas.gov. Electronically via Awards Management 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, under the CDFI Program Funding Opportunity Number. All other required application materials must be submitted through the AMIS Web site. Application materials submitted through both systems are due by the applicable 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 VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 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. PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 Only the Authorized Representative or an 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 Application 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 written 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 Fund via an AMIS service request to the CDFI Program with a subject line of ‘‘Late Application Submission Request.’’ E:\FR\FM\27FEN1.SGM 27FEN1 12003 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices 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.(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.(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.(C)(2) of this NOFA and its Assistance Agreement. b. A Recipient may not distribute TA funds to an Affiliate, Subsidiary or any other entity, without the CDFI Fund’s prior written consent. c. TA funds shall only be paid to the Recipient. d. The CDFI Fund, in its sole discretion, may pay TA funds in amounts, or under terms and conditions, which are different from those requested by an Applicant. V. Application Review Information A. Criteria: If the Applicant has submitted an eligible Application, the CDFI Fund will conduct a substantive review in accordance with the criteria and procedures described in the Regulations, this NOFA, the Application guidance, and the Uniform 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. The CDFI Fund will review the FA, HFFI– FA, and TA Applications according the below process. 1. Financial Assistance (FA) Application Scoring, Award Selection, Review, and Selection Process: The CDFI Fund will evaluate each Application using a five step review process illustrated in the sections below. Applicants that meet the minimum criteria will advance to the next step in the review process. Applicants applying as a Community Partnership must describe partnership in the Application per requirements set forth in Table 8 and will be evaluated per the review process described below. a. Step 1: Eligibility Review: The CDFI Fund will evaluate each Application to determine its eligibility status per Section III. Eligibility Information of this NOFA. b. Step 2: Financial Analysis: An external non-CDFI Fund reviewer will evaluate the financial health and viability of each Application using the financial information provided in the Application. The Reviewer will evaluate the Financial Analysis Components listed in Table 12 and assign a score on a scale of one (1) to five (5), which will be used to calculate a Total Financial Composite Score on a scale of one (1) to five (5), with one (1) being the highest rating. All Applications will be reviewed in accordance with standard reviewer evaluation materials for the financial analysis described in supplemental guidance located on the CDFI Fund’s Web site. Applications will be grouped based on the Total Financial Composite Score. Applicants must receive a Total Financial Composite Score of one (1), two (2), or three (3) to advance to Step 3. Applicants that receive a Total Financial Composite Score of four (4) or five (5) will be evaluated and scored by a second external, non-Federal reviewer. Applicants that receive a Total Financial Composite Score of four (4) or five (5) will not advance to Step 3. In instances an Applicant receives an initial score of four (4) or five (5) and a second score of one (1), two (2), or three (3), the two reviewers will discuss their evaluations and decide on one final Total Financial Composite Score. TABLE 12—STEP 2: FA FINANCIAL ANALYSIS SCORING CRITERIA Financial analysis component Possible scores mstockstill on DSK3G9T082PROD with NOTICES Capital Adequacy ........................................................................................................ Asset Quality ............................................................................................................... Earnings ...................................................................................................................... Capital Liquidity ........................................................................................................... Operating Liquidity ...................................................................................................... Total Financial Composite Score ................................................................................ c. Step 3: Business Plan Review: Applicants that proceed to Step 3 will be evaluated on the soundness of each Applicant’s comprehensive business plan. The two external non-CDFI Fund Reviewers conducting the Step 3 evaluation will be different than those that conduct the Step 2 evaluation. Reviewers will evaluate the Application VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 1, 1, 1, 1, 1, 1, 2, 2, 2, 2, 2, 2, 3, 3, 3, 3, 3, 3, 4, 4, 4, 4, 4, 4, sections listed in Table 13. All Applications will be reviewed in accordance with standard reviewer evaluation materials for the business plan review. Applications will be ranked based on Total Business Plan Scores, in descending order. In order to advance to Step 4, Applicants must receive a Total Business Plan Score PO 00000 Frm 00113 Fmt 4703 Sfmt 4703 or or or or or or 5 5 5 5 5 5 Score needed to advance High score ........ ........ ........ ........ ........ ........ 1 1 1 1 1 1 N/A. N/A. N/A. N/A. N/A. 1, 2, or 3. within the top 60 percent of the applicant pool. In the case of tied Total Business Plan Scores that would prevent an Applicant from moving to Step 4, Applicants will be ranked according to their Step 2 Total Financial Composite Score and standard anomaly procedures. E:\FR\FM\27FEN1.SGM 27FEN1 12004 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices TABLE 13—STEP 3: FA BUSINESS PLAN REVIEW SCORING CRITERIA FA application sections Possible score Score needed to advance Executive Summary ................................................................................................................... Business Strategy ...................................................................................................................... Products and Services .............................................................................................................. Market and Competitive Analysis .............................................................................................. Management and Staffing ......................................................................................................... Financial Position ...................................................................................................................... Growth and Financial Projections ............................................................................................. Total Business Plan Score ........................................................................................................ Not Scored ................. 7 ................................. 7 ................................. 7 ................................. 7 ................................. 7 ................................. 7 ................................. 49 ............................... N/A. N/A. N/A. N/A. N/A. N/A. N/A. Within Top 60 percent of all Step 3 Scores. d. Step 4: Policy Objective Review: For Applicants that advance to Step 4, the CDFI Fund internal reviewers will evaluate each Application to determine its ability to meet policy objectives of the CDFI Fund authorizing statute. The policy objectives considered in this evaluation are listed in Table 14 below. Each Applicant will be evaluated in each of the categories, which will result in a Total Policy Objective Review Score on a scale of one (1) to five (5), with one (1) being the highest score. Applicants are then grouped according to Total Policy Objective Review Scores. In Step 4, the CDFI Fund also conducts a due diligence review for Applications that includes an analysis of programmatic risk factors including, but not limited to: History of performance in managing Federal awards (including timeliness of reporting and compliance); reports and findings from audits; and the Applicant’s ability to effectively implement Federal requirements, which could impact the Total Policy Objective Review Score. TABLE 14—STEP 4: FA POLICY REVIEW SCORING CRITERIA Section Possible scores Economic Distress .................................................................................................. Economic Opportunities ......................................................................................... Partnerships ............................................................................................................ Total Policy Objective Review Score ..................................................................... e. Step 5: Award Amount Determination: The CDFI Fund determines an award amount for each Application based on the Step 4 Total Policy Objective Review Score, the Applicant’s request amount, and on certain variables, including but not limited to: An Applicant’s deployment track record, minimum award size, and funding availability. Award amounts may be reduced from the requested award amount as a result of this analysis. Lastly, the CDFI Fund may consider the geographic diversity of Applicants when making its funding decisions. 2. Healthy Food Financing InitiativeFA (HFFI–FA) Application Scoring, Award Selection, Review, and Selection Process: Two external non-CDFI Fund 1, 1, 1, 1, 2, 2, 2, 2, 3, 3, 3, 3, 4, 4, 4, 4, or or or or 5 5 5 5 reviewers will evaluate each HFFI–FA Application whose associated FA application that progress to Step 4 of the FA Application review process. Reviewers will evaluate the Application sections listed in Table 15 and assign a Total HFFI–FA Score up to 25 points. All Applications will be reviewed in accordance with standard reviewer evaluation materials. Applications will be ranked based on total scores, in descending order. Applicants that fail to receive an FA award will not be considered for an HFFI–FA award. The CDFI Fund conducts 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: Score needed to advance High score ........ ........ ........ ........ 1 1 1 1 N/A. N/A. N/A. All Scores Advance. 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 from the requested award amount as a result of this analysis. The CDFI Fund may reduce awards sizes from requested amounts based on certain variables, including an Applicant’s loan disbursement activity, total portfolio outstanding, and similar factors. Lastly, the CDFI Fund may consider the geographic diversity of Applicants when making its funding decisions. TABLE 15—STEP 3 HFFI–FA APPLICATION SCORING CRITERIA HFFI–FA applicants (points) mstockstill on DSK3G9T082PROD with NOTICES HFFI–FA narrative sections 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 .......... 4 5 2 7 7 Total HFFI–FA Score ............................................................................................................................................................. 25 VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 PO 00000 Frm 00114 Fmt 4703 Sfmt 4703 E:\FR\FM\27FEN1.SGM 27FEN1 12005 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices 3. Technical Assistance (TA) Application Scoring, Award Selection, Review, and Selection Process: The CDFI Fund will evaluate each Application to determine its eligibility status per Section III. Eligibility Information of this NOFA. If the Application meets the eligibility criteria, the CDFI Fund will evaluate each TA Application using standard scoring criteria in the Business Plan Review (Table 16). An Applicant must receive a minimum 60 points of the Total TA Business Plan Score for the TA components in order to be considered for an award. Emerging CDFI or Certifiable CDFI Applicants must achieve a minimum score of 35 points in Section I to be considered for an award and reviewed in Section II. An Applicant that is a Certified CDFI will be rated on the demonstrated need for TA funding to build the CDFI’s capacity, further the Applicant’s strategic goals, and achieve impact within the Applicant’s Target Market. An Applicant that is an Emerging CDFI or Certifiable CDFI will be rated on the Applicant’s demonstrated capability and plan to achieve CDFI certification within three years, or if a prior awardee, the certification performance goal and measure stated in its prior Assistance Agreement. An Applicant that is an Emerging CDFI and Certifiable CDFI will also be rated on its demonstrated need for TA funding to build the CDFI’s capacity and further its strategic goals. The CDFI Fund will score each part of the TA Business Plan Review as indicated in Table 16. TABLE 16—TA BUSINESS PLAN REVIEW SCORING CRITERIA Emerging CDFI or certifiable CDFI (points) TA application sections Section I: Primary Mission .................................................................................................................................... Financing Entity .................................................................................................................................... Target Market ....................................................................................................................................... Accountability ........................................................................................................................................ Development Services .......................................................................................................................... Section II: Organization Overview ......................................................................................................................... Management and Staff ......................................................................................................................... Community Coordination ...................................................................................................................... Financial Performance .......................................................................................................................... Organizational Impact ........................................................................................................................... 15 15 15 15 15 mstockstill on DSK3G9T082PROD with NOTICES VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 Applicant’s ability to effectively implement Federal requirements. Award amounts may be reduced as a result of this analysis, the eligibility of an Applicant’s funding request and similar factors. Lastly, the CDFI Fund may consider the 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 Subsidiary 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 CDFI Program’s PO 00000 Frm 00115 Fmt 4703 Sfmt 4703 N/A N/A N/A N/A N/A 5 5 5 5 5 20 20 20 20 20 100 Total TA Business Plan Score ...................................................................................................... Each TA Application will be evaluated by one internal CDFI Fund reviewer. Internal reviewers must complete the CDFI Fund’s conflict of interest process. The CDFI Fund’s application conflict of interest policy is located on the CDFI Fund’s Web site. All Applications will be reviewed in accordance with CDFI Fund standard reviewer evaluation materials for the Business Plan Review. Applications will be ranked based on Total TA Business Plan Score, in descending order. In the case of tied scores that would prohibit the Application from progressing to the next level of review, Certified Applicants will be ranked first according to each Organization Overview score and Emerging CDFI and Certifiable CDFI Applicants will be ranked first according to the total Section I score. The CDFI Fund conducts 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, history of performance in managing Federal awards (including timeliness of reporting and compliance), reports and findings from audits, and the Certified CDFI (points) 100 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 and its continued viability will not be dependent upon assistance from the CDFI Fund (12 U.S.C. 4704(b)(2)(A)). If it is determined the Applicant is incapable of meeting these requirements, the CDFI Fund reserves the right to deem the Applicant ineligible or terminate the award. B. Anticipated Award Announcement: The CDFI Fund anticipates making CDFI Program award announcements after September 23, 2017 and before September 30, 2017. C. 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 E:\FR\FM\27FEN1.SGM 27FEN1 12006 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices 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. D. External Non-CDFI Fund Reviewers: All external non-CDFI Fund reviewers are selected based on criteria that includes a professional background in community and economic development finance and experience reviewing the financial statements of all CDFI institution types. Reviewers must complete the CDFI Fund’s conflict of interest process and be approved by the CDFI Fund. The CDFI Fund’s application reader conflict of interest policy is located on the CDFI Fund’s Web site. 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 Certified CDFIs and three-year periods of performance for Emerging CDFIs or Certifiable CDFIs. 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 180 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 reserves the right to increase the first payment amount on any award to ensure that any subsequent payments are greater than $25,000 for FA and $5,000 for TA awards. The CDFI Fund will minimize the time between the Recipient incurring costs for eligible activities and award payment in accordance with the Uniform Administrative Requirements. 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 terminate and rescind the Assistance Agreement and the award made under this NOFA pending the criteria described in the following table: TABLE 17—REQUIREMENTS PRIOR TO EXECUTING AN ASSISTANCE AGREEMENT Criteria Failure to meet reporting requirements ............... mstockstill on DSK3G9T082PROD with NOTICES Requirement • 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. Failure to maintain CDFI Certification ................. VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 PO 00000 Frm 00116 Fmt 4703 Sfmt 4703 E:\FR\FM\27FEN1.SGM 27FEN1 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices 12007 TABLE 17—REQUIREMENTS PRIOR TO EXECUTING AN ASSISTANCE AGREEMENT—Continued Requirement Criteria Pending resolution of noncompliance ................. • The CDFI Fund will delay entering into an Assistance Agreement with a Recipient that has pending noncompliance issues of any of its previously executed award agreement(s), if the CDFI Fund has not yet made a final compliance determination. • 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 a Recipient is noncompliant with a previously executed agreement and the CDFI Fund has provided written notification that the Recipient is ineligible to apply for or receive any future awards or allocations for a time period specified by the CDFI Fund in writing. The CDFI Fund 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. 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 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. Noncompliance status ......................................... Compliance with Federal civil rights requirements. Do Not Pay .......................................................... Safety and soundness ........................................ 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 18—ANNUAL REPORTING REQUIREMENTS Financial Report (Financial Statements and Related Auditor’s and Accountant’s Review Reports, if applicable). Single Audit (if applicable) (or similar report) ..... Institution Level Report (ILR) .............................. mstockstill on DSK3G9T082PROD with NOTICES Transaction Level Report (TLR) .......................... Federal Financial Report/OMB Standard Form 425. Uses of Funds Report ......................................... Shareholders Report ........................................... Financial Assistance Objectives Report (or similar report). VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 The Financial Report will be reviewed by the CDFI Fund to determine the Recipient’s financial and managerial soundness. 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. If the Recipient receives an FA award, it must submit information on the status of complying with the FA Objectives and Impacts. PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 E:\FR\FM\27FEN1.SGM 27FEN1 12008 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices Each Recipient is responsible for the timely and complete submission of the Annual Reporting requirements. The CDFI Fund reserves the right to contact the Recipient and additional entities or signatories to the Assistance Agreement to request additional information and 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 CDFI Program. The CDFI Fund reserves the right, in its sole discretion, to modify these reporting requirements, including increasing the scope and frequency of reporting, if it determines it to be appropriate and necessary; however, such reporting requirements will be modified only after notice to Recipients. 2. Financial Management and Accounting: The CDFI Fund will require Recipients to maintain financial management and accounting systems that comply with Federal statutes, regulations, and the terms and conditions of the Federal award. These systems must be sufficient to permit the preparation of reports required by 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 CDFI Program award. In addition, the CDFI Fund will require Recipients to: Maintain effective internal controls; comply with applicable statutes, regulations, and the Assistance Agreement; evaluate and monitor compliance; take 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 19 lists CDFI Fund contact information: TABLE 19—CONTACT INFORMATION Telephone number (not toll free) CDFI Program ......................................................................................... Certification, Compliance Monitoring, and Evaluation ............................ AMIS—IT Help Desk ............................................................................... mstockstill on DSK3G9T082PROD with NOTICES 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 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 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 the CDFI Fund or Recipients under any of its programs is entitled to those benefits or services without being subject to prohibited discrimination. The Department of the Treasury’s Office of Civil Rights and Diversity enforces various Federal VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 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 PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 Email addresses cdfihelp@cdfi.treas.gov ccme@cdfi.treas.gov AMIS@cdfi.treas.gov 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. 2017–03743 Filed 2–24–17; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund 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) Fiscal Year (FY) 2017 Funding Round Announcement Type: Announcement of funding opportunity. Funding Opportunity Number: CDFI– 2017–NACA. Catalog of Federal Domestic Assistance (CFDA) Number: 21.020. Key Dates: E:\FR\FM\27FEN1.SGM 27FEN1

Agencies

[Federal Register Volume 82, Number 37 (Monday, February 27, 2017)]
[Notices]
[Pages 11991-12008]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-03743]

=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund

Notice of Funds Availability (NOFA) Inviting Applications for
Financial Assistance (FA) Awards or Technical Assistance (TA) Grants
Under the Community Development Financial Institutions Program (CDFI
Program) Fiscal Year (FY) 2017 Funding Round

Announcement Type: Announcement of funding opportunity.
Funding Opportunity Number: CDFI-2017-FATA.
Catalog of Federal Domestic Assistance (CFDA) Number: 21.020.
Key Dates:

[[Page 11992]]

Table 1--FY 2017 CDFI Program Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
Time (eastern daylight time-
Description Deadline EDT) Submission method
----------------------------------------------------------------------------------------------------------------
CDFI Certification Applications.. March 24, 2017............. 11:59 p.m. EDT............. Electronically via
Award Management
Information System
(AMIS).
SF424 (Application for Federal March 24, 2017............. 11:59 p.m. EDT............. Electronically via
Assistance). Grants.gov.
Last day to contact CDFI Program April 26, 2017............. 5:00 p.m. EDT.............. Service Request via
staff. Award Management
Information System
(AMIS) or CDFI
Fund Helpdesk: 202-
653-0421 or
cdfihelp@cdfi.treas.gov.
CDFI Program Application for April 28, 2017............. 11:59 p.m. EDT............. Electronically via
Financial Assistance (FA) or Awards Management
Technical Assistance (TA). Information System
(AMIS).
----------------------------------------------------------------------------------------------------------------

Executive Summary: Through the CDFI Program, the CDFI Fund provides
(i) FA awards of up to $2 million to Certified Community Development
Financial Institutions (CDFIs) to build their financial capacity to
lend to their Target Markets, and (ii) TA grants of up to $125,000 to
build Certified, Certifiable, and Emerging CDFIs' organizational
capacity to serve their Target Markets. All awards provided through
this NOFA are subject to funding availability.

I. Program Description

A. History: The CDFI Fund was established by the Riegle Community
Development Banking and Financial Institutions Act of 1994 to promote
economic revitalization and community development through investment in
and assistance to CDFIs. Since its creation in 1994, the CDFI Fund has
awarded more than $2.2 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 $50.5 billion in tax credit allocation authority
through the New Markets Tax Credit Program (NMTC Program) and has
obligated $1.1 billion in bond guarantees to Eligible CDFIs through the
CDFI Bond Guarantee Program.
B. Priorities: Through the CDFI Program's FA awards and TA grants,
the CDFI Fund invests in and builds the capacity of for-profit and non-
profit community based lending organizations known as Community
Development Financial Institutions, or CDFIs. These organizations,
Certified as CDFIs by the CDFI Fund, serve rural and urban low-income
people and communities across the nation that lack adequate access to
affordable financial products and services.
C. Authorizing Statutes and Regulations: The CDFI Program is
authorized by the Riegle Community Development Banking and Financial
Institutions Act of 1994 (Pub. L. 103-325, 12 U.S.C. 4701 et seq.). The
regulations governing the CDFI Program are found at 12 CFR parts 1805
and 1815 (the Regulations) and set forth evaluation criteria and other
program requirements. The CDFI Fund encourages Applicants to review the
Regulations; this NOFA; the Application; and the Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal
Awards (2 CFR 200; 78 Federal Register 78590) (Uniform Administrative
Requirements) for a complete understanding of the program. Capitalized
terms in this NOFA are defined in the authorizing statute, the
Regulations, this NOFA, the Application, 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 200): The Uniform Administrative
Requirements codify 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, the
soundness of its business plan, history of performance, ability to
achieve measurable impacts through its products and services, and audit
findings. In addition, the Uniform Administrative Requirements include
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.

II. Federal Award Information

A. Funding Availability

1. FY 2017 Funding Round: The CDFI Fund expects to award, through
this NOFA, approximately $175 million as indicated in the following
table:

Table 2--FY 2017 Funding Round Anticipated Category Amounts
----------------------------------------------------------------------------------------------------------------
Award amount Estimate
Estimated -------------------------- Estimated average Average
Funding categories (see total amount number of amount amount
definition in table 7) to be awarded Minimum Maximum awards for awarded in awarded in
(millions) FY 2017 FY 2017 FY 2016
----------------------------------------------------------------------------------------------------------------
FA: Category I/Small and/or $19 $125,000 $700,000 43 $442,000 $487,000
Emerging CDFI Assistance
(SECA)........................
FA: Category II/Core........... 130 500,000 2,000,000 174 707,000 1,382,000
TA............................. 4 10,000 125,000 35 114,000 118,000

[[Page 11993]]

Healthy Food Financing 22 500,000 5,000,000 10 2,200,000 2,400,000
Initiative--Financial
Assistance (HFFI-FA) *........
rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
Total...................... $175 ........... ........... 262 ........... ...........
----------------------------------------------------------------------------------------------------------------
* 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 2017 Funding Round: Funds for
the FY 2017 Funding Round are subject to change based on passage of a
final FY 2017 budget; if Congress does not appropriate funds for the
CDFI Program there will not be a FY 2017 Funding Round. If funds are
appropriated, the amount of such funds may be greater or less than the
amounts set forth above. The CDFI Fund reserves the right to contact
applicants to seek additional information in the event that that final
FY 2017 appropriations for the CDFI Program change any of the
requirements of this NOFA. As of the date of this NOFA, the CDFI Fund
is operating under a continuing funding resolution as enacted by the
Further Continuing and Security Assistance Appropriations Act of 2017
(Pub. L. 114-254).
3. Anticipated Start Date and Period of Performance: The CDFI Fund
anticipates the period of performance for the FY 2017 Funding Round
will begin in late September 2017. Specifically, the period of
performance for TA grants for certified CDFIs begins with the date of
the notice of the award and includes an award Recipient's two 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 TA grants for
Certifiable CDFIs or Emerging CDFIs begins with the date of the notice
of the award and includes an award Recipient's three 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 begins
with the date of the notice of the award and 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 CDFI Program, the CDFI Fund provides two types of
awards: Financial Assistance (FA) and Technical Assistance (TA) awards.
An Applicant may submit an Application for a TA grant or an FA award,
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 CDFI Program FY 2017 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 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 serving Commercial Real Estate, Small Business,
Microenterprise, Community Facilities, Consumer Financial Products,
Consumer Financial Services, Commercial Financial Services, Affordable
Housing, Intermediary Lending to Non-Profits and CDFIs, and other lines
of business as deemed appropriate by the CDFI Fund in the following
five categories: (i) Financial Products; (ii) Financial Services; (iii)
Loan Loss Reserves; (iv) Development Services; and (v) Capital
Reserves. 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:

[[Page 11994]]

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 Not applicable
checks, automated for HFFI-FA
teller machines, Recipients.
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;
homeownership
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--personnel
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 or 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--personnel 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) 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.
(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, 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 cost of less than
$5,000, subject to the applicable
provisions of the Uniform
Administrative Requirements.
------------------------------------------------------------------------

3. HFFI-FA Award: HFFI-FA award funds can only be expended for
eligible FA activities referenced in Table 3. The HFFI-FA investments
must comply with the following guidelines:
a. Recipient must deploy loans, equity investments, and similar
financing activities, including the purchase of loans and the provision
of loan guarantees for Healthy Food Retail Outlets and Healthy Food
Non-Retail Outlets in its Target Market in an amount equal to or
greater than 100% of the total HFFI Financial Assistance provided.
Eligible financing activities to Healthy Food Retail Outlets and
Healthy Food Non-Retail Outlets require that the majority of the HFFI-
supported loan or investment must be devoted to offering a range of
Healthy Food choice, which may include, among other activities,

[[Page 11995]]

investments supporting an existing retail store or wholesale operation
upgrading to offer an expanded range of Healthy Food choices, or
supporting a nonprofit organization that expands the availability of
Healthy Foods in underserved areas.
b. Recipient must also demonstrate that it has deployed loans,
equity investments, and similar financing activities, including the
purchase of loans and the provision of loan guarantees to Healthy Food
Retail Outlets located in Food Deserts in the Recipient's Target Market
in an amount equal to 75% of the total HFFI Financial Assistance
provided.
c. Eligible financing activities to Healthy Food Retail Outlets
require that the majority of the HFFI-supported loan or investment must
be devoted to offering a range of Healthy Food choice, which may
include, among other activities, investments supporting an existing
retail store upgrading to offer an expanded range of Healthy Food
choices.
Definitions
Healthy Foods. Healthy Foods include nutrient-dense foods and
beverages as set forth in the USDA Dietary Guidelines for Americans
2015-2020 including whole fruits and vegetables, whole grains, fat free
or low-fat dairy foods, lean meats and poultry (fresh, refrigerated,
frozen or canned). Healthy Foods should have low or no added sugars,
and be low-sodium, reduced sodium, or no-salt-added. (See USDA Dietary
Guidelines: https://www.choosemyplate.gov/dietary-guidelines).
Healthy Food Retail Outlets. Commercial sellers of Healthy Foods
including, but not limited to, grocery stores, mobile food retailers,
farmers markets, retail cooperatives, corner stores, bodegas stores
that sell other food and non-food items along with a range of Healthy
Foods. As those terms are determined and defined by the CDFI Fund in
the Assistance Agreement and related compliance materials.
Healthy Food Non-Retail Outlets. Wholesalers of Healthy Foods
including, but not limited to, wholesale food outlets, wholesale
cooperatives, or other non-retail food producers that supply for sale a
range of Healthy Food options; entities that produce or distribute
Healthy Foods for eventual retail sale, and entities that provide
consumer education regarding the consumption of Healthy Foods. As those
terms are determined and defined by the CDFI Fund in the Assistance
Agreement and related compliance materials.
Food Deserts. Distressed geographic areas where either a
substantial number or share of residents has low access to a
supermarket or large grocery store. For the purpose of satisfying the
requirements of Goal 2, Measure 2, a Food Desert must either: (1) Be a
census tract determined to be a Food Desert by the U.S. Department of
Agriculture (USDA), in its USDA Food Access Research Atlas; (2) be a
census tract adjacent to a census tract determined to be a Food Desert
by the USDA, in its USDA Food Access Research Atlas; which has a median
family income less than or equal to 120 percent of the applicable Area
Median Family Income; or (3) be a Geographic Unit as defined in 12 CFR
part 1805.201(b)(3)(ii)(B), which (i) individually meets at least one
of the criteria in 12 CFR part 1805.201(b)(3)(ii)(D), and (ii) has been
identified as having low access to a supermarket or grocery store
through a methodology that has been adopted for use by another
governmental or philanthropic healthy food initiative.

III. Eligibility Information

A. Eligible Applicants: For the purposes of this NOFA, the
following tables set forth the eligibility criteria to be in contention
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. (See Table 11 for
application submission deadlines.)
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.
The CDFI Fund will enter
into an Assistance Agreement if the
Applicant was awarded a TA award
regardless of the Applicant's
certification status.
Emerging CDFI (TA Applicants)..... A non-Certified entity that
has not submitted a CDFI
Certification Application but
demonstrates to the CDFI Fund in
its Application 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.
------------------------------------------------------------------------

Table 6--Eligibility Requirements for All Applicants
------------------------------------------------------------------------

------------------------------------------------------------------------
Applicant......................... Only the entity that will
carry out the proposed award
activities can apply for an award
(i.e., 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).

[[Page 11996]]

Application type and submission Applicants must submit the
overview through Grants.gov and required application documents
Awards Management Information listed in Table 10.
System (AMIS). The CDFI Fund will only
accept Applications that use the
official application templates
provided on the Grants.gov and AMIS
websites. Applications submitted
with alternative or altered
templates will not be considered.
Applicants 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 Office of Management
and Budget (OMB) Standard Form
(SF) 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 as early
as possible.
Grants.gov and the SF-424:
[cir] The SF-424 must be
submitted in Grants.gov on or
before March 24, 2017, 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] The SF-424 must be
submitted under the CDFI Program
Funding Opportunity Number.
[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 an enterprise-wide
information technology system
that replaced the myCDFI Fund
portal. Applicants will use AMIS
to submit and store organization
and application information with
the CDFI Fund.
[cir] Applicants are only allowed
one CDFI Program Application
submission in AMIS.
[cir] Only the Authorized
Representative or Application
Point of Contact, included in
the Application, can submit the
Application in AMIS.
[cir] All 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 Internal
Revenue Service (IRS).
The CDFI Fund will reject
an Application submitted with the
EIN of a parent or Affiliate
organization.
Dun & Bradstreet, (DUNS) number... Pursuant to OMB guidance
(68 FR 38402), an Applicant must
apply using its unique DUNS number
in Grants.gov.
The CDFI Fund will reject
an Application submitted with the
DUNS number of a parent or
Affiliate organization.
Awards Management Information Each Applicant must
System (AMIS). register as an organization in AMIS
and submit all required application
materials through the AMIS 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,
any 501(c)(4) organization that
engages in lobbying activities is
not eligible for the receipt of a
CDFI or NACA Program award.
Compliance with Nondiscrimination An Applicant may not be
and Equal Opportunity Statutes, eligible to receive an award if
Regulations, and Executive Orders. proceedings have been instituted
against it in, by, or before any
court, governmental agency, or
administrative body, and a final
determination within the last three
years indicates the Applicant has
violated any of the following laws
but not limited to: Title VI of the
Civil Rights Act of 1964, as
amended (42 U.S.C. 2000d); Section
504 of the Rehabilitation Act of
1973 (29 U.S.C. 794); the Age
Discrimination Act of 1975, (42
U.S.C. 6101-6107), and Executive
Order 13166, Improving Access to
Services for Persons with Limited
English Proficiency.
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 Subsidiary CDFI Insured
Depository Institution, the
Application must be submitted by
the CDFI Depository Institution
Holding Company and reflect the
activities and financial
performance of the Subsidiary CDFI
Insured Depository Institution.
Authorized representatives
of both the Depository Institution
Holding Company and the Subsidiary
CDFI Insured Depository Institution
must certify that the information
included in the Application
represents that of the Subsidiary
CDFI Insured Depository Institution
and that the award funds will be
used to support the Subsidiary CDFI
Insured Depository Institution for
the eligible activities outlined in
the Application.
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 (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............ An Applicant must state its
requested award amount in the
Application in AMIS. An Application
that does not include this amount
will not be allowed to submit an
Application.

[[Page 11997]]

Pending resolution of The CDFI Fund will consider
noncompliance. an Application submitted by an
Applicant that has pending
noncompliance issues of any of its
previously executed award
agreement(s), if the CDFI Fund has
not yet made a final compliance
determination.
Noncompliance status.............. The CDFI Fund will not
consider an Application submitted
by an Applicant that has a
previously executed award
agreement(s) if, as of the date of
the Application, (i) the CDFI Fund
has made a determination that such
entity is noncompliant with a
previously executed agreement and
(ii) the CDFI Fund has provided
written notification that such
entity is ineligible to apply for
or receive any future CDFI Fund
awards or allocations. Such
entities will be ineligible to
submit an Application for such time
period as specified by the CDFI
Fund in writing.
The CDFI Fund will not
consider any Applicant that has
defaulted on a CDFI Program loan
within five years of the
Application deadline.
------------------------------------------------------------------------

Table 7--Eligibility Requirements for TA Applicants
------------------------------------------------------------------------

------------------------------------------------------------------------
CDFI certification status......... (1) Emerging CDFIs (see definitions
in Table 5), or
(2) Certifiable or Certified CDFIs
(see Table 5) that meet the
following criteria:
(1) Have total assets * as of the
end of the Applicant's most
recent fiscal year end in the
following amounts:
Insured Depository
Institutions and Depository
Institution Holding Companies:
Up to $250 million.
Insured Credit Unions:
Up to $10 million.
Venture capital funds:
Up to $10 million.
Other CDFIs: Up to $5
million or
(2) Have begun operations ** on
or after January 1, 2013.
* ``Total assets'' is defined as the
Total Assets as of Fiscal Year End
Date stated in the Applicant's AMIS
account and verified by internally
prepared financial statements and/
or audits.
** ``Have begun operations'' is
defined as the financing activity
start date indicated in the
Applicant's AMIS account.
Matching funds.................... Matching funds
documentation is not required for
TA awards.
Limitation on Awards.............. An Emerging CDFI will be
allowed to receive no more than
three TA awards as an uncertified
CDFI.
------------------------------------------------------------------------

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.
Matching funds documentation...... All Applicants must submit
acceptable documentation attesting
that they have received or will
receive matching funds. Applicants
that do not submit the Matching
Funds Excel Workbook documenting
the source of their matching funds
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 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.
For purposes of this NOFA
and subject to final FY 2017
appropriations language, the CDFI
Fund will include CDFI and NACA
Program final awards in the cap
calculation that were provided to
an Applicant (and/or its
Subsidiaries or Affiliates) under
the FY 2015, and 2016 funding
rounds, as well as the requested FY
2017 award, excluding HFFI-FA
awards. The CDFI Fund will make the
FY 2017 funding round award
announcements after September 23,
2017.
FA Category I (SECA).............. To be an eligible SECA
Applicant, an Applicant must meet
the following criteria:
(1) Be a Certified or Certifiable
CDFI;
(2) Request $700,000 or less in
FA funds; AND EITHER
(3) Have total assets * as of the
end of the Applicant's most
recent fiscal year end in the
following amounts:
Insured Depository
Institutions and Depository
Institution Holding Companies:
Up to $250 million
Insured Credit Unions:
Up to $10 million
Venture capital funds:
Up to $10 million
Other CDFIs: Up to $5
million OR
(4) Have begun operations ** on
or after January 1, 2013.

[[Page 11998]]

* ``Total assets'' is defined as the
Total Assets of Fiscal Year End
Date stated in the Applicant's AMIS
account and verified by internally
prepared financial statements and/
or audits.
** ``Have begun operations'' is
defined as the financing activity
start date indicated in the
Applicant's AMIS account.
FA Category II (Core)............. A Core Applicant must be
either a Certified or Certifiable
CDFI as defined in Table 5.
An Applicant that meets the
SECA requirements stated above,
that requests more than $700,000 in
award funds is categorized as an FA
Category II (Core) Applicant,
regardless of its total assets and/
or years in operation.
FA Applicants with Community A CDFI Applicant can apply
Partners. for assistance jointly with a
Community Partner. The CDFI
Applicant would complete the CDFI
Program Application for (FA) and
would address the Community
Partnership in its business plan
and other sections of the
Application as specified in the
guidance materials.
The CDFI Applicant must be
either a Certified or Certifiable
CDFI as defined in Table 5.
An Application with a
Community Partner must:
[cir] Describe how the CDFI
Applicant and Community Partner
will each participate in
carrying out the partnership and
how the partnership will enhance
activities serving the
investment area or targeted
population.
[cir] Demonstrate that the
Community Partnership activities
are consistent with the
strategic plan submitted by the
CDFI-Applicant.
Assistance provided upon
approval of an Application with a
Community Partner shall only be
entrusted to the CDFI Applicant and
shall not be used to fund any
activity carried out directly by
the Community Partner or an
Affiliate or Subsidiary thereof.
HFFI-FA........................... All HFFI-FA Applicants
must:
[cir] Submit a CDFI or NACA
Program FA Application;
[cir] Meet all FA award
eligibility requirements;
[cir] Submit the HFFI-FA
Application; and
[cir] Provide an HFFI-FA award
request amount in AMIS.
------------------------------------------------------------------------

B. Matching Funds Requirements: In order to receive an FA award, an
Applicant must provide evidence of eligible dollar-for-dollar matching
funds and attest that it can provide acceptable documentation upon the
CDFI Fund's request. An Applicant that uses Retained Earnings or Equity
Investments must provide documentation of eligible dollar-for-dollar
matching funds at the time of application submission. The CDFI Fund
will review summary matching funds information, attestations, and
matching funds documentation, if applicable, 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 available on
the CDFI Fund's Web site. 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 evidence of acceptable
matching funds:
Category I/SECA FA
Applicants (upon request) *;
Category II/Core FA
Applicants; and
HFFI-FA Applicants.
(upon request) *
TA Applicants are not required to
provide matching funds.
* The matching funds requirement for
HFFI-FA and SECA FA applicants was
waived in the appropriations bill
for FY 2016 and the final FY 2017
appropriations are still pending.
HFFI-FA and SECA FA applicants are
not required to submit matching
funds for their award requests at
the time of application. However,
the CDFI Fund reserves the right to
request matching funds from HFFI-FA
and SECA FA applicants if matching
funds are not waived in the final
FY 2017 CDFI Program appropriation.
Amount of required match.......... Applicants must provide evidence 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 percent 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 and/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, 2015 and January
15, 2018.
An Award Recipient must
provide the CDFI Fund with all
documentation demonstrating the
receipt of In-Hand matching funds
by January 31, 2018.

[[Page 11999]]

Matching funds and form of award.. Recipients will be approved
for a maximum award size of two
times the total amount of eligible
In-Hand and/or Committed matching
funds included in the Application,
so long as they do not exceed the
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 In-Hand
when the Applicant receives payment
for the matching funds from the
matching funds source and has
acceptable documentation that can
be provided to the CDFI Fund upon
request. Acceptable In-Hand
documentation must show the source,
form (e.g., grant, loan, deposit,
and Equity Investment), amount
received, and the date the funds
came into physical possession of
the Applicant.
The following
documentation, depending on the
matching funds type, must be
available to be provided to the
CDFI Fund upon request:
Loan--the loan agreement
and/or promissory note;
grant--the grant letter
or agreement for all grants;
equity investment--the
stock certificate and
shareholder agreement;
retained earnings--
audits or call reports from
regulating entity;
third party in-kind
contribution--evidence of
receipt of contribution and
valuation;
deposits--certificates
of deposit agreement;
secondary capital--
secondary capital agreement and
disclosure and acknowledgement
statement; AND
clearly legible
documentation that demonstrates
actual receipt of the matching
funds including the date of the
transaction and the amount, such
as a copy of a check or a wire
transfer statement.
Applicants must provide
information on their In-Hand
matching funds in the Matching
Funds Breakout Table Excel Workbook
(refer to Table 10--Required
Application Documents) which must
be submitted at the time of
Application.
Although Applicants are not
required to provide further
documentation for In-Hand matching
funds at the time of Application
submission, except for Retained
Earnings and Equity Investments,
they must be able to provide
documentation to the CDFI Fund upon
request.
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 be able
to provide the CDFI Fund, upon
request, acceptable written
documentation showing the source,
form, and amount of the Committed
matching funds (including, in the
case of a loan, the terms thereof),
as well as the anticipated payment
date of the Committed funds.
Applicants must provide
information on their Committed
matching funds in the Matching
Funds Breakout Table Excel Workbook
(refer to Table 10--Required
Application Documents) which must
be submitted at the time of
Application.
Although Applicants are not
required to provide further
documentation for Committed
matching funds at the time of
Application submission, except for
Retained Earnings, it must be able
to provide documentation to the
CDFI Fund upon request.
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 C.F.R.
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 if required
or requested.
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 provide evidence
of In-Hand Matching Funds totaling
its award amount obtained during
the Matching Funds Window.
Matching funds in the form of Third party in-kind
third-party in-kind contributions. contributions are non-cash
contributions (i.e., property or
services) provided by non-Federal
third parties to the Applicant.
Third party in-kind
contributions will be considered to
be in the form of a grant for
matching funds purposes.
Third party in-kind
contributions may be in the form of
real property, equipment, supplies,
and other expendable property, 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 as the grant match.
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
1.9 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:

[[Page 12000]]

i. Have a minimum of a 3-year
term (loans presented as
matching funds with less than a
3-year term will not qualify as
eligible match); and
ii. be from a non-Federal source.
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 SECA eligibility criteria
described in Table 8. Instructions
for requesting a Severe Constraints
Waiver will be made available if
required.
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 evidence of the
alternative matching funds
within the period of time
specified by the CDFI Fund, and
ii. the alternative matching
funds 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 or
NACA Program, the Applicant must be
able to prove to the CDFI Fund's
satisfaction that such funds do not
consist, in whole or in part, of
CDFI Program funds, NACA Program
funds, or other Federal funds.
Matching funds in the form of Retained earnings are
retained earnings. eligible for use as matching funds
when the CDFI Fund calculates an
amount equal to:
i. The increase in retained
earnings that occurred over any
one of the Applicant's fiscal
years within the Matching Funds
Window, adjusted to remove
revenue and expenses derived
from Federal sources and
matching funds used for an
award; or
ii. the annual average of such
increases that occurred over any
three consecutive fiscal years
of the Applicant with at least
one of the fiscal years
occurring within the Matching
Funds Window, adjusted to remove
revenue and expenses derived
from Federal sources and
matching funds used for an
award; or
iii. any combination of (i) and
(ii) above that does not include
matching funds used for an
award.
Retained earnings will be
matched with an FA award in the
form of a grant.
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 used for an
award; or
ii. the annual average of such
increases that occurred over any
three consecutive fiscal years
of the Applicant with at least
one of the fiscal years
occurring within the Matching
Funds Window, adjusted to remove
revenue and expenses derived
from Federal sources and
matching funds used for an
award; or
iii. 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, 2017; must occur
by the end of Year 1 of the
Recipient's 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, 2015, and
December 31, 2016.
The matching funds are
not In-Hand until the Recipient
has increased its member and/or
non-member shares, deposits and/
or total loans outstanding by
the amount of retained earnings
since inception used as matching
funds 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, 2017; must occur
by the end of Year 1 of the
Recipient's 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.

[[Page 12001]]

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, 2015, and December 31, 2016.
The matching funds are
not In-Hand until the Recipient
has increased its deposits and/
or total loans outstanding by
the amount of retained earnings
since inception used as matching
funds within the time period
specified.
All regulated Applicants
utilizing the part (iii) Since
Inception rule should refer to
the Retained Earnings Guidance
included in the Matching Funds
Breakout Table Excel Workbook
found on the CDFI Fund Web site.
------------------------------------------------------------------------

IV. Application and Submission Information

A. Address to Request an Application Package: Application materials
can be found on the CDFI Fund's Web site at www.cdfifund.gov/cdfi.
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 2017 Funding Round. The CDFI Fund
reserves the right to request and review other pertinent or public
information that has not been specifically requested in this NOFA or
the Application. Information submitted by the Applicant that the CDFI
Fund has not specifically requested will not be reviewed or considered
as part of the Application. Information submitted must accurately
reflect the Applicant's activities. Financial data, portfolio, and
activity information provided in the Application should only include
the Applicant's activities.

Table 10--Required Application Documents
------------------------------------------------------------------------
Submission
Application documents Applicant type format
------------------------------------------------------------------------
SF-424........................ All Applicants........ Fillable PDF in
Grants.gov.
CDFI Program Application All Applicants........ AMIS.
Components:
Funding
Application Detail.
Data, Charts, and
Narrative sections as
listed in AMIS and
outlined in Application
materials.
HFFI-FA Application HFFI-FA Applicants-- AMIS.
Components: Must create new
Funding Application funding application.
Detail
Narratives.......
------------------------------------------------------------------------
Attachments to the Application: Add to ``Related Attachments'' related
list in application
------------------------------------------------------------------------
Matching Funds Breakout Table FA Core Applicants.... Excel in AMIS.
Excel Workbook.
Key Staff Resumes............. All Applicants........ PDF or Word
document in
AMIS.
Organizational Chart.......... All Applicants........ PDF in AMIS.
Audited Financial Statements.. FA Applicants: Loan PDF in AMIS.
funds and other non-
Insured Depository
Institutions.
Management Letters............ FA Applicants: Loan PDF in AMIS.
funds and other non-
Insured Depository
Institutions, TA
Applicants: If
available.
Unaudited Financial Statements TA Applicants: Loan PDF in AMIS.
(if Audited Financial funds and other non-
Statements are not available). Insured Depository
Institutions.
Call Reports.................. FA and TA Applicants: PDF in AMIS.
Insured Depository
Institutions only.
Current Year to Date--December FA and TA Applicants: PDF in AMIS.
31, 2016 Unaudited Financial Loan funds and other
Statements. non-Insured
Depository
Institutions.
Additional Documents As All Applicants, if PDF or Word
Applicable: applicable. document in
Community Partnership AMIS.
Agreement
501(c)(4) Questionnaire
Explanation
Environmental Review Form
Explanation
Retained Earnings or
Equity Investment
Matching Funds
Documentation
------------------------------------------------------------------------

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 listed in Tables 1 and 11. 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

[[Page 12002]]

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 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 2017 Funding Round.

Table 11--FY 2017 Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
Description Deadline Time (EDT) Submission method
----------------------------------------------------------------------------------------------------------------
CDFI Certification Applications.. March 24, 2017............. 11:59 p.m. EDT............. Electronically via
Award Management
Information System
(AMIS).
SF-424 (Application for Federal March 24, 2017............. 11:59 p.m. EDT............. Electronically via
Assistance). Grants.gov.
Last day to contact CDFI Program April 26, 2017............. 5:00 p.m. EDT.............. Service Request via
staff. Award Management
Information System
(AMIS) or CDFI
Fund Helpdesk: 202-
653-0421 or
cdfihelp@cdfi.treas.gov.
CDFI Program Application for April 28, 2017............. 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, under the CDFI
Program Funding Opportunity Number. All other required application
materials must be submitted through the AMIS Web site. Application
materials submitted through both systems are due by the applicable
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 an 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 Application 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 written
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
Fund via an AMIS service request to the CDFI Program with a subject
line of ``Late Application Submission Request.''

[[Page 12003]]

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.(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.(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.(C)(2) of this NOFA and its
Assistance Agreement.
b. A Recipient may not distribute TA funds to an Affiliate,
Subsidiary or any other entity, without the CDFI Fund's prior written
consent.
c. TA funds shall only be paid to the Recipient.
d. The CDFI Fund, in its sole discretion, may pay TA funds in
amounts, or under terms and conditions, which are different from those
requested by an Applicant.

V. Application Review Information

A. Criteria: If the Applicant has submitted an eligible
Application, the CDFI Fund will conduct a substantive review in
accordance with the criteria and procedures described in the
Regulations, this NOFA, the Application guidance, and the Uniform
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. The CDFI
Fund will review the FA, HFFI-FA, and TA Applications according the
below process.
1. Financial Assistance (FA) Application Scoring, Award Selection,
Review, and Selection Process: The CDFI Fund will evaluate each
Application using a five step review process illustrated in the
sections below. Applicants that meet the minimum criteria will advance
to the next step in the review process. Applicants applying as a
Community Partnership must describe partnership in the Application per
requirements set forth in Table 8 and will be evaluated per the review
process described below.
a. Step 1: Eligibility Review: The CDFI Fund will evaluate each
Application to determine its eligibility status per Section III.
Eligibility Information of this NOFA.
b. Step 2: Financial Analysis: An external non-CDFI Fund reviewer
will evaluate the financial health and viability of each Application
using the financial information provided in the Application. The
Reviewer will evaluate the Financial Analysis Components listed in
Table 12 and assign a score on a scale of one (1) to five (5), which
will be used to calculate a Total Financial Composite Score on a scale
of one (1) to five (5), with one (1) being the highest rating. All
Applications will be reviewed in accordance with standard reviewer
evaluation materials for the financial analysis described in
supplemental guidance located on the CDFI Fund's Web site. Applications
will be grouped based on the Total Financial Composite Score.
Applicants must receive a Total Financial Composite Score of one (1),
two (2), or three (3) to advance to Step 3. Applicants that receive a
Total Financial Composite Score of four (4) or five (5) will be
evaluated and scored by a second external, non-Federal reviewer.
Applicants that receive a Total Financial Composite Score of four (4)
or five (5) will not advance to Step 3. In instances an Applicant
receives an initial score of four (4) or five (5) and a second score of
one (1), two (2), or three (3), the two reviewers will discuss their
evaluations and decide on one final Total Financial Composite Score.

Table 12--Step 2: FA Financial Analysis Scoring Criteria
----------------------------------------------------------------------------------------------------------------
Financial analysis component Possible scores High score Score needed to advance
----------------------------------------------------------------------------------------------------------------
Capital Adequacy.................. 1, 2, 3, 4, or 5............. 1 N/A.
Asset Quality..................... 1, 2, 3, 4, or 5............. 1 N/A.
Earnings.......................... 1, 2, 3, 4, or 5............. 1 N/A.
Capital Liquidity................. 1, 2, 3, 4, or 5............. 1 N/A.
Operating Liquidity............... 1, 2, 3, 4, or 5............. 1 N/A.
Total Financial Composite Score... 1, 2, 3, 4, or 5............. 1 1, 2, or 3.
----------------------------------------------------------------------------------------------------------------

c. Step 3: Business Plan Review: Applicants that proceed to Step 3
will be evaluated on the soundness of each Applicant's comprehensive
business plan. The two external non-CDFI Fund Reviewers conducting the
Step 3 evaluation will be different than those that conduct the Step 2
evaluation. Reviewers will evaluate the Application sections listed in
Table 13. All Applications will be reviewed in accordance with standard
reviewer evaluation materials for the business plan review.
Applications will be ranked based on Total Business Plan Scores, in
descending order. In order to advance to Step 4, Applicants must
receive a Total Business Plan Score within the top 60 percent of the
applicant pool. In the case of tied Total Business Plan Scores that
would prevent an Applicant from moving to Step 4, Applicants will be
ranked according to their Step 2 Total Financial Composite Score and
standard anomaly procedures.

[[Page 12004]]

Table 13--Step 3: FA Business Plan Review Scoring Criteria
----------------------------------------------------------------------------------------------------------------
FA application sections Possible score Score needed to advance
----------------------------------------------------------------------------------------------------------------
Executive Summary................... Not Scored......................... N/A.
Business Strategy................... 7.................................. N/A.
Products and Services............... 7.................................. N/A.
Market and Competitive Analysis..... 7.................................. N/A.
Management and Staffing............. 7.................................. N/A.
Financial Position.................. 7.................................. N/A.
Growth and Financial Projections.... 7.................................. N/A.
Total Business Plan Score........... 49................................. Within Top 60 percent of all Step 3
Scores.
----------------------------------------------------------------------------------------------------------------

d. Step 4: Policy Objective Review: For Applicants that advance to
Step 4, the CDFI Fund internal reviewers will evaluate each Application
to determine its ability to meet policy objectives of the CDFI Fund
authorizing statute. The policy objectives considered in this
evaluation are listed in Table 14 below. Each Applicant will be
evaluated in each of the categories, which will result in a Total
Policy Objective Review Score on a scale of one (1) to five (5), with
one (1) being the highest score. Applicants are then grouped according
to Total Policy Objective Review Scores.
In Step 4, the CDFI Fund also conducts a due diligence review for
Applications that includes an analysis of programmatic risk factors
including, but not limited to: History of performance in managing
Federal awards (including timeliness of reporting and compliance);
reports and findings from audits; and the Applicant's ability to
effectively implement Federal requirements, which could impact the
Total Policy Objective Review Score.

Table 14--Step 4: FA Policy Review Scoring Criteria
----------------------------------------------------------------------------------------------------------------
Section Possible scores High score Score needed to advance
----------------------------------------------------------------------------------------------------------------
Economic Distress................ 1, 2, 3, 4, or 5............ 1 N/A.
Economic Opportunities........... 1, 2, 3, 4, or 5............ 1 N/A.
Partnerships..................... 1, 2, 3, 4, or 5............ 1 N/A.
Total Policy Objective Review 1, 2, 3, 4, or 5............ 1 All Scores Advance.
Score.
----------------------------------------------------------------------------------------------------------------

e. Step 5: Award Amount Determination: The CDFI Fund determines an
award amount for each Application based on the Step 4 Total Policy
Objective Review Score, the Applicant's request amount, and on certain
variables, including but not limited to: An Applicant's deployment
track record, minimum award size, and funding availability. Award
amounts may be reduced from the requested award amount as a result of
this analysis. Lastly, the CDFI Fund may consider the geographic
diversity of Applicants when making its funding decisions.
2. Healthy Food Financing Initiative-FA (HFFI-FA) Application
Scoring, Award Selection, Review, and Selection Process: Two external
non-CDFI Fund reviewers will evaluate each HFFI-FA Application whose
associated FA application that progress to Step 4 of the FA Application
review process. Reviewers will evaluate the Application sections listed
in Table 15 and assign a Total HFFI-FA Score up to 25 points. All
Applications will be reviewed in accordance with standard reviewer
evaluation materials. Applications will be ranked based on total
scores, in descending order. Applicants that fail to receive an FA
award will not be considered for an HFFI-FA award.
The CDFI Fund conducts 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 from the requested award amount as a
result of this analysis. The CDFI Fund may reduce awards sizes from
requested amounts based on certain variables, including an Applicant's
loan disbursement activity, total portfolio outstanding, and similar
factors. Lastly, the CDFI Fund may consider the geographic diversity of
Applicants when making its funding decisions.

Table 15--Step 3 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 HFFI-FA Score.............................. 25
------------------------------------------------------------------------

[[Page 12005]]

3. Technical Assistance (TA) Application Scoring, Award Selection,
Review, and Selection Process: The CDFI Fund will evaluate each
Application to determine its eligibility status per Section III.
Eligibility Information of this NOFA. If the Application meets the
eligibility criteria, the CDFI Fund will evaluate each TA Application
using standard scoring criteria in the Business Plan Review (Table 16).
An Applicant must receive a minimum 60 points of the Total TA Business
Plan Score for the TA components in order to be considered for an
award. Emerging CDFI or Certifiable CDFI Applicants must achieve a
minimum score of 35 points in Section I to be considered for an award
and reviewed in Section II.
An Applicant that is a Certified CDFI will be rated on the
demonstrated need for TA funding to build the CDFI's capacity, further
the Applicant's strategic goals, and achieve impact within the
Applicant's Target Market. An Applicant that is an Emerging CDFI or
Certifiable CDFI will be rated on the Applicant's demonstrated
capability and plan to achieve CDFI certification within three years,
or if a prior awardee, the certification performance goal and measure
stated in its prior Assistance Agreement. An Applicant that is an
Emerging CDFI and Certifiable CDFI will also be rated on its
demonstrated need for TA funding to build the CDFI's capacity and
further its strategic goals.
The CDFI Fund will score each part of the TA Business Plan Review
as indicated in Table 16.

Table 16--TA Business Plan Review Scoring Criteria
------------------------------------------------------------------------
Emerging CDFI or
TA application sections certifiable CDFI Certified CDFI
(points) (points)
------------------------------------------------------------------------
Section I:
Primary Mission............... 15 N/A
Financing Entity.............. 15 N/A
Target Market................. 15 N/A
Accountability................ 15 N/A
Development Services.......... 15 N/A
Section II:
Organization Overview......... 5 20
Management and Staff.......... 5 20
Community Coordination........ 5 20
Financial Performance......... 5 20
Organizational Impact......... 5 20
-------------------------------------
Total TA Business Plan 100 100
Score....................
------------------------------------------------------------------------

Each TA Application will be evaluated by one internal CDFI Fund
reviewer. Internal reviewers must complete the CDFI Fund's conflict of
interest process. The CDFI Fund's application conflict of interest
policy is located on the CDFI Fund's Web site. All Applications will be
reviewed in accordance with CDFI Fund standard reviewer evaluation
materials for the Business Plan Review. Applications will be ranked
based on Total TA Business Plan Score, in descending order. In the case
of tied scores that would prohibit the Application from progressing to
the next level of review, Certified Applicants will be ranked first
according to each Organization Overview score and Emerging CDFI and
Certifiable CDFI Applicants will be ranked first according to the total
Section I score.
The CDFI Fund conducts 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, 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 result of this analysis, the
eligibility of an Applicant's funding request and similar factors.
Lastly, the CDFI Fund may consider the 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 Subsidiary 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 CDFI
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 and its continued viability will not be
dependent upon assistance from the CDFI Fund (12 U.S.C. 4704(b)(2)(A)).
If it is determined the Applicant is incapable of meeting these
requirements, the CDFI Fund reserves the right to deem the Applicant
ineligible or terminate the award.
B. Anticipated Award Announcement: The CDFI Fund anticipates making
CDFI Program award announcements after September 23, 2017 and before
September 30, 2017.
C. 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

[[Page 12006]]

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.
D. External Non-CDFI Fund Reviewers: All external non-CDFI Fund
reviewers are selected based on criteria that includes a professional
background in community and economic development finance and experience
reviewing the financial statements of all CDFI institution types.
Reviewers must complete the CDFI Fund's conflict of interest process
and be approved by the CDFI Fund. The CDFI Fund's application reader
conflict of interest policy is located on the CDFI Fund's Web site.

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 Certified CDFIs and three-year periods of performance
for Emerging CDFIs or Certifiable CDFIs.
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 180 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 reserves the right to increase the first
payment amount on any award to ensure that any subsequent payments are
greater than $25,000 for FA and $5,000 for TA awards.
The CDFI Fund will minimize the time between the Recipient
incurring costs for eligible activities and award payment in accordance
with the Uniform Administrative Requirements. 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 terminate and rescind the Assistance Agreement and the
award made under this NOFA pending the criteria described in the
following table:

Table 17--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.

[[Page 12007]]

Pending resolution of The CDFI Fund will delay
noncompliance. entering into an Assistance
Agreement with a Recipient that has
pending noncompliance issues of any
of its previously executed award
agreement(s), if the CDFI Fund has
not yet made a final compliance
determination.
If the Recipient is unable
to satisfactorily resolve the
compliance issues, the CDFI Fund
may terminate and rescind the
Assistance Agreement and the award
made under this NOFA.
Noncompliance status.............. If, at any time prior to
entering into an Assistance
Agreement, the CDFI Fund determines
that a Recipient is noncompliant
with a previously executed
agreement and the CDFI Fund has
provided written notification that
the Recipient is ineligible to
apply for or receive any future
awards or allocations for a time
period specified by the CDFI Fund
in writing. The CDFI Fund 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. 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.
Compliance with Federal civil If prior to entering into
rights requirements. an Assistance Agreement under this
NOFA, the Recipient receives a
final determination, made within
the last three years, in any
proceeding instituted against the
Recipient in, by, or before any
court, governmental, or
administrative body or agency,
declaring that the Recipient has
violated the following laws: Title
VI of the Civil Rights Act of 1964,
as amended (42 U.S.C. 2000d);
Section 504 of the Rehabilitation
Act of 1973 (29 U.S.C. 794); the
Age Discrimination Act of 1975 (42
U.S.C. 6101-6107), and Executive
Order 13166, Improving Access to
Services for Persons with Limited
English Proficiency, the CDFI Fund
will terminate and rescind the
Assistance Agreement and the award
made under this NOFA.
Do Not Pay........................ The Do Not Pay Business
Center was developed to support
Federal agencies in their efforts
to reduce the number of improper
payments made through programs
funded by the Federal government.
The CDFI Fund reserves the
right, in its sole discretion, to
rescind an award if the Recipient
is identified as an ineligible
recipient 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 18--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.
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.
Financial Assistance Objectives If the Recipient receives an FA
Report (or similar report). award, it must submit information
on the status of complying with the
FA Objectives and Impacts.
------------------------------------------------------------------------

[[Page 12008]]

Each Recipient is responsible for the timely and complete
submission of the Annual Reporting requirements. The CDFI Fund reserves
the right to contact the Recipient and additional entities or
signatories to the Assistance Agreement to request additional
information and 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 CDFI Program. The
CDFI Fund reserves the right, in its sole discretion, to modify these
reporting requirements, including increasing the scope and frequency of
reporting, if it determines it to be appropriate and necessary;
however, such reporting requirements will be modified only after notice
to Recipients.
2. Financial Management and Accounting: The CDFI Fund will require
Recipients to maintain financial management and accounting systems that
comply with Federal statutes, regulations, and the terms and conditions
of the Federal award. These systems must be sufficient to permit the
preparation of reports required by 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 CDFI Program award. In addition, the
CDFI Fund will require Recipients to: Maintain effective internal
controls; comply with applicable statutes, regulations, and the
Assistance Agreement; evaluate and monitor compliance; take 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 19 lists CDFI Fund contact information:

Table 19--Contact Information
------------------------------------------------------------------------
Telephone number
Type of question (not toll free) Email addresses
------------------------------------------------------------------------
CDFI Program.................... 202-653-0421, cdfihelp@cdfi.trea
option 1. s.gov
Certification, Compliance 202-653-0423...... ccme@cdfi.treas.go
Monitoring, and Evaluation. v
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 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 the CDFI Fund or Recipients under any
of its programs is entitled to those benefits or services without being
subject to prohibited discrimination. The Department of the Treasury's
Office of Civil Rights and Diversity enforces various Federal statutes
and regulations that prohibit discrimination in financially assisted
and conducted programs and activities of the CDFI Fund. If a person
believes that s/he has been subjected to discrimination and/or reprisal
because of membership in a protected group, s/he may file a complaint
with: Associate Chief Human Capital Officer, Office of Civil Rights,
and Diversity, 1500 Pennsylvania Ave. NW., Washington, DC 20220 or
(202) 622-1160 (not a toll-free number).

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. 2017-03743 Filed 2-24-17; 8:45 am]
BILLING CODE 4810-70-P

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