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, 12008-12026 [2017-03744]
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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 ...............................................................................
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Type of question
202–653–0421, option 1 ................
202–653–0423 ...............................
202–653–0422 ...............................
B. Information Technology Support:
For IT Assistance, submit an AMIS
Service Request (Record Type of
‘‘General Inquiry’’). In the Service
Request form, select the appropriate
program, then select ‘‘AMIS Technical
Problem’’ as the Type. People who have
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
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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
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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:
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TABLE 1—FY 2017 NACA 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 NACA Program staff .........
March 24, 2017 ..........
April 26, 2017 .............
11:59 p.m. EDT ..........
5:00 p.m. EDT ............
NACA Program Application for Financial Assistance (FA) or Technical Assistance (TA).
April 28, 2017 .............
11:59 p.m. EDT ..........
Executive Summary: Through the
NACA Program, the CDFI Fund
provides (i) FA awards of up to $1
million to Certified Community
Development Financial Institutions
(CDFIs) serving Native American,
Alaska Native, or Native Hawaiian
populations or Native American areas
defined as Federally-designated
reservations, Hawaiian homelands,
Alaska Native Villages and U.S. Census
Bureau-designated Tribal Statistical
Areas (collectively, ‘‘Native
Communities’’) to build their financial
capacity to lend to their Target Markets,
and (ii) TA grants of up to $150,000 to
build Certified, Certifiable, and
Emerging CDFIs’ organizational capacity
to serve their Target Markets and
Sponsoring Entities ability to create
Certified CDFIs that serve Native
Communities. All awards provided
through this NOFA are subject to
funding availability.
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 NACA
Program’s FA awards and TA grants, the
CDFI Fund invests in and builds the
capacity of for-profit and non-profit
community based lending organizations
known as Community Development
Financial Institutions, or CDFIs. These
organizations, Certified as CDFIs by the
CDFI Fund, serve Native Communities.
C. Program Regulations: The
regulations governing the CDFI Program
are found at 12 CFR parts 1805 and 1815
(the Regulations), and are used by the
CDFI Fund to govern, in general, the
NACA Program, setting forth evaluation
criteria and other program requirements.
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 NACA
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 codifies
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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
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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).
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. The CDFI Fund also
reserves the right to reallocate funds
from the amount that is anticipated to
be available through this NOFA to other
CDFI Fund initiatives that are designed
to benefit Native American, Native
Hawaiian, and Alaskan Native
communities, particularly if the CDFI
Fund determines that the number of
awards made through this NOFA is
fewer than projected.
II. Federal Award Information
A. Funding Availability:
1. FY 2017 Funding Round: The CDFI
Fund expects to award, through this
NOFA, approximately $15.5 million as
indicated in the following table:
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TABLE 2—FY 2017 FUNDING ROUND ANTICIPATED CATEGORY AMOUNTS
Funding categories
(see definition in table 7)
Award amount
Estimated total
amount to
be awarded
(millions)
Minimum
Maximum
Estimated
number of
awards for
FY 2017
Estimate
average
amount
awarded in
FY 2017
Average
amount
awarded in
FY 2016
FA .............................................................
TA .............................................................
$12.5
3
$150,000
10,000
$1,000,000
150,000
26
16
$500,000
145,000
$600,000
145,000
Total ..................................................
Healthy Food Financing Initiative—Financial Assistance (HFFI–FA) * .................
15.5
........................
........................
42
........................
........................
22
500,000
5,000,000
10
2,200,000
2,400,000
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* HFFI–FA appropriation will be allocated in one competitive round between the NACA and CDFI Program NOFAs.
The CDFI Fund reserves the right to
award more or less than the amounts
cited above in each category, based
upon available funding and other
factors, as appropriate.
2. Funding Availability for the FY
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 NACA
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
NACA 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 begins with the date of the
notice of the award and includes either
(i) an Emerging or Certifiable CDFI
award Recipient’s three full consecutive
fiscal years after the date of the notice
of the award or (ii) a Certified CDFI
Recipient’s two full consecutive fiscal
years after the notice of the award, or
(iii) a Sponsoring Entity award
Recipient’s four full consecutive fiscal
years after the date of the notice of the
award, during which the Recipient must
meet the performance goals set forth in
the Assistance Agreement. The period of
performance for FA awards begins with
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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
NACA Program, the CDFI Fund
provides two types of awards: Financial
Assistance (FA) and Technical
Assistance (TA) awards. An Applicant
may submit an Application for a TA
grant or an FA award, but not both.
1. FA Awards: FA awards can be in
the form of loans, grants, Equity
Investments, deposits and credit union
shares. The form of the FA award is
based on the form of the matching funds
that the Applicant includes in its
Application, unless Congress waives the
matching funds requirement. Matching
funds are required for FA awards, must
be from non-Federal sources, and
cannot have been used as matching
funds for any other Federal award. The
CDFI Fund reserves the right, in its sole
discretion, to provide an FA award in an
amount other than that which the
Applicant requests; however, the award
amount will not exceed the Applicant’s
award request as stated in its
Application.
2. Healthy Food Financing Initiative—
Financial Assistance (HFFI–FA)
Awards: HFFI–FA awards will be
provided as a supplement to FA awards;
therefore, only those Applicants that
have been selected to receive an FA
award through the NACA Program FY
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
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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:
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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 .....................................................
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(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:
• Recipient must deploy loans, equity
investments, and similar financing
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TA paid to cover salaries of the Applicant’s personnel that are paid currently or accrued by the
Applicant for work performed directly related to carrying out the purpose of the TA grant (including activities related to becoming certified as a CDFI), subject to the applicable provisions of the Uniform Administrative Requirements.
TA paid to cover costs of the Applicant’s personnel employment (other than the employees’
salaries) 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
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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,
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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.
• 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.
• 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
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) ..........................
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Sponsoring Entity ................................................
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• 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.
• Sponsoring Entities include any legal organization that primarily serves Native Community
with ‘‘primary’’ meaning, at least 50 percent of its activities are directed toward the Native
Community.
• An eligible organization that proposes to create a separate legal organization that will become a Certified CDFI serving Native Communities.
• Sponsoring Entities may only apply for TA grants; they are not eligible to apply for FA
awards.
• Each Sponsoring Entity selected to receive a TA grant will be required to create and certify
an Emerging CDFI by the dates specified in the Assistance Agreement.
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TABLE 5—CDFI CERTIFICATION CRITERIA DEFINITIONS—Continued
Definition of Native Other Targeted Population
as Target Market.
The CDFI Fund uses the following definitions, set forth in the Office of Management and
Budget (OMB) Notice, Revisions to the Standards for the Classification of Federal Data on
Race and Ethnicity (October 30, 1997), as amended and supplemented:
(a) American Indian, Native American, or Alaska Native: A person having origins in any of
the original peoples of North and South America (including Central America) and who
maintains tribal affiliation or community attachment; and
(b) Native Hawaiian (living in Hawaii): A person having origins in any of the original peoples
of Hawaii.
TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS
Applicant ..............................................................
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
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501 (c)(4) status ..................................................
Compliance with Nondiscrimination and Equal
Opportunity Statutes, Regulations, and Executive Orders.
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• 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).
• Applicants must submit the required application documents listed in Table 10.
• The CDFI Fund will only accept Applications that use the official application templates provided on the Grants.gov and AMIS Web sites. Applications submitted with alternative or altered templates will not be considered.
• Applicants have a two-step process that requires the submission of application documents
on two separate deadlines and locations: (1) Grants.gov and (2) AMIS.
Æ Grants.gov: Applicants must submit the 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 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 NACA 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 NACA 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.
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TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS—Continued
Depository Institution Holding Company Applicant.
Insured CDFI-Insured Credit Union and Insured
Depository Institution.
Use of award .......................................................
Requested award amount ...................................
Pending resolution of noncompliance .................
Noncompliance status .........................................
• 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.
• 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 ...........................................
Target Market ......................................................
Certified, Certifiable, Emerging CDFIs, or Sponsoring Entities (see definitions in Table 5).
• Matching funds documentation is not required for TA awards.
• An Emerging CDFI serving Native Communities will be allowed to receive no more than
three TA awards as an uncertified CDFI.
• A Sponsoring Entity is only eligible to apply for an award if (i) it does not have an active
prior award or (ii) the certification goal in its active award’s Assistance Agreement has been
satisfied and it proposes to create another CDFI that will serve one or more Native Communities.
• TA Applicants must demonstrate that the Certified, Certifiable, Emerging CDFI, or the CDFI
to be created by the Sponsoring Entity will primarily serve one or more Native Community
as its Target Market.
TABLE 8—ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS
CDFI certification status ......................................
Activities in Native Communities .........................
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Target Market ......................................................
Community collaboration .....................................
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• Each FA Applicant must be a Certified CDFI prior to the announcement of award decisions.
• An Applicant that is in a cure period to remedy CDFI recertification deficiencies at the time
of award announcements will not be eligible for an FA award under this NOFA.
• For consideration under this NOFA, each FA Applicant must:
Æ Demonstrate that at least 50 percent of its past activities were in one or more Native
Communities; and
Æ describe how it will target its lending/investing activities to one or more Native Communities.
• For consideration under this NOFA, an FA Applicant’s certification Target Market must have
one or more of the following characteristics:
Æ For qualifying with an investment area Target Market, the Applicant must demonstrate
that the investment area approved for certification is also a geographic area of Federallydesignated reservations, Hawaiian homelands, Alaska Native Villages and U.S. Census
Bureau designated Tribal Statistical Areas; and/or
Æ For qualifying with an Other Targeted Population (OTP) Target Market, the applicant’s
Target Market approved for certification must be an OTP of Native Americans or American Indians, including Alaska Natives living in Alaska and Native Hawaiians living in Hawaii.
• Any FA Applicant whose certification Target Market does not meet either of the conditions
above will not be eligible for an FA award under this NOFA.
• All FA Applicants must demonstrate strong community collaboration with Native Communities.
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TABLE 8—ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS—Continued
Matching funds documentation ...........................
FA Applicants with Community Partners ............
$5 Million funding cap .........................................
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
• 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.
• A NACA Applicant can apply for assistance jointly with a Community Partner. The NACA
Applicant would complete the NACA 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 NACA 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 NACA 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 NACA Applicant.
• Assistance provided upon approval of an Application with a Community Partner shall only
be entrusted to the NACA Applicant and shall not be used to fund any activity carried out directly by the Community Partner or an Affiliate or Subsidiary thereof.
• 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.
• All HFFI–FA Applicants must:
Æ Submit a CDFI or NACA Program FA Application;
Æ Meet all NACA 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
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Matching funds requirements by application type
Amount of required match ...................................
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The following Applicants must provide evidence of acceptable matching funds:
• NACA FA Applicants (upon request) *;
• HFFI–FA Applicants. (upon request) *
TA Applicants are not required to provide matching funds.
* The matching funds requirement for HFFI–FA and NACA FA applicants was waived in the
appropriations bill for FY 2016 and the final FY 2017 appropriations are still pending. HFFI–
FA and NACA 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 NACA FA applicants if matching funds are not waived in
the final FY 2017 NACA 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.
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TABLE 9—MATCHING FUNDS REQUIREMENTS—Continued
Determination of award form ...............................
Matching Funds Window definition .....................
Matching funds and form of award .....................
In-Hand matching funds definition ......................
Committed matching funds definition ..................
Limitations on matching funds ............................
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Rights of the CDFI Fund .....................................
Matching funds in the form of third-party in-kind
contributions.
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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.
• 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 CFR 1805.500 et seq.
• Matching funds must be attributable to at least one of the five eligible FA activities (see
Section II.C).
• The CDFI Fund reserves the right to contact the matching funds source to discuss the
matching funds and the documentation that the Applicant provided 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.
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TABLE 9—MATCHING FUNDS REQUIREMENTS—Continued
Matching funds in the form of a loan ..................
Severe Constraints Waiver .................................
Ineligible matching funds ....................................
Use of matching funds from a prior CDFI Program Recipient.
Matching funds in the form of retained earnings
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• 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:
i. Have a minimum of a 3-year term (loans presented as matching funds with less than a 3year 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 NACA FA 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.
If 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.
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TABLE 9—MATCHING FUNDS REQUIREMENTS—Continued
• 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.
• 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’s 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/native. Applicants
may request a paper version of any
Application material by contacting the
CDFI Fund Help Desk at cdfihelp@
cdfi.treas.gov.
B. Content and Form of Application
Submission: All Applications must be
prepared using the English language and
calculations must be made in U.S.
dollars. The following table lists the
required Application documents for the
FY 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 .........................................................................
NACA 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 ....................................................
AMIS.
—Must create new funding application.
ATTACHMENTS TO THE APPLICATION:
Add to ‘‘Related Attachments’’ related list in application
Matching Funds Breakout Table Excel Workbook ......
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Key Staff Resumes ......................................................
Organizational Chart ....................................................
Audited Financial Statements ......................................
Management Letters ....................................................
Unaudited Financial Statements (if Audited Financial
Statements are not available).
Call Reports .................................................................
Current Year to Date—December
Unaudited Financial Statements.
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20:23 Feb 24, 2017
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31,
2016,
PO 00000
CDFI Program FA Core Applicants (the CDFI Fund
reserves the right to request matching funds from
HFFI–FA and NACA FA applicants if matching
funds are not waived in the final FY 2017 NACA
Program appropriation).
All Applicants ...............................................................
All Applicants ...............................................................
FA Applicants: Loan funds and other non-Insured
Depository Institutions.
FA Applicants: Loan funds and other non-Insured
Depository Institutions, TA Applicants: If available.
TA Applicants: Loan funds and other non-Insured
Depository Institutions.
FA and TA Applicants: Insured Depository Institutions only.
FA and TA Applicants: Loan funds and other non-Insured Depository Institutions.
Frm 00128
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E:\FR\FM\27FEN1.SGM
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.
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12019
TABLE 10—REQUIRED APPLICATION DOCUMENTS—Continued
Application documents
Applicant type
Submission format
Additional Documents As Applicable: Community
Partnership Agreement 501(c)(4) Questionnaire Explanation Environmental Review Form Explanation
Retained Earnings or Equity Investment Matching
Funds Documentation.
All Applicants, if applicable .........................................
PDF or Word document in AMIS.
C. Application Submission: The CDFI
Fund has a two-step process that
requires the submission of application
documents on separate deadlines and
locations. The SF–424 must be
submitted through Grants.gov and all
other application documents through
the AMIS portal. The CDFI Fund will
not accept Applications via email, mail,
facsimile, or other forms of
communication, except in extremely
rare circumstances that have been preapproved by the CDFI Fund. Applicants
are only required to submit the OMB
SF–424, Application for Federal
Assistance form in Grants.gov as all
other application information (listed in
Table 10) will be submitted through
AMIS. The deadline for submitting the
SF 424 is 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
Grants.gov to provide time to resolve
any submission problems. Applicants
should contact Grants.gov directly with
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.
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
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 ....
SF424 (Application for Federal Assistance) .........
Last day to contact NACA Program staff .............
March 24, 2017 .....
April 26, 2017 .......
11:59 p.m. EDT ....
5:00 p.m. EDT ......
NACA Program Application for Financial Assistance (FA) or Technical Assistance (TA).
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Description
April 28, 2017 .......
11:59 p.m. EDT ....
Electronically via Award Management Information
System (AMIS).
Electronically via Grants.gov.
Service Request via Awards 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 NACA 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
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20:23 Feb 24, 2017
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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
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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
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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.’’
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.
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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 Sponsoring Entity award
Recipient must create, as a legal entity,
the Emerging CDFI no later than the end
of the first year of the period of
performance, whereupon the
Sponsoring Entity must request the
CDFI Fund to amend the Assistance
Agreement and add the Emerging CDFI
as a co-Recipient thereto, with the
Sponsoring Entity, thereby transferring
any and all remaining balances and/or
assets derived from the TA award to the
Emerging CDFI.
c. A Recipient may not distribute TA
funds to an Affiliate, Subsidiary or any
other entity, without the CDFI Fund’s
prior written consent.
d. TA funds shall only be paid to the
Recipient.
e. The CDFI Fund, in its sole
discretion, may pay TA funds in
amounts, or under terms and
conditions, which are different from
those requested by an Applicant.
V. Application Review Information
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
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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.
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TABLE 12—STEP 2: FA FINANCIAL ANALYSIS SCORING CRITERIA
Financial analysis component
Possible scores
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
1,
1,
1,
1,
1,
1,
2,
2,
2,
2,
2,
2,
3,
3,
3,
3,
3,
3,
4,
4,
4,
4,
4,
4,
or
or
or
or
or
or
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
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 70 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.
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 70 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
mstockstill on DSK3G9T082PROD with NOTICES
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
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20:23 Feb 24, 2017
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1,
1,
1,
1,
2,
2,
2,
2,
3,
3,
3,
3,
4,
4,
4,
4,
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,
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or
or
or
or
5
5
5
5
Score needed to
advance
High score
........
........
........
........
1
1
1
1
N/A.
N/A.
N/A.
All Scores Advance.
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.
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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
applicants
(points)
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
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. An Applicant must receive a
minimum of 50 points of the Total TA
Business Plan Score for the TA
components in order to be considered
for an award. Sponsoring Entity,
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.
An Applicant that is a Sponsoring
Entity will be rated on the Applicant’s
demonstrated capability to create a
separate legal entity within one year
that will achieve CDFI certification
within four years. An Applicant that is
a Sponsoring Entity will also be rated on
its demonstrated need for TA funding to
build the CDFIs’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
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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
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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
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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
Certified CDFI
(points)
100
accordance with CDFI Fund standard
reviewer evaluation materials for the
Business Plan Review. Applications will
be ranked based on Total TA Business
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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,
Certifiable CDFI, and Sponsoring Entity
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 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.
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 NACA Program’s
authorizing statute and regulations, the
CDFI Fund must ensure, to the
maximum extent practicable, that
recipients that are non-regulated CDFIs
are financially and managerially sound
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20:23 Feb 24, 2017
Jkt 241001
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 the
NACA 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
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
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12023
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 NACATA Recipients, threeyear periods of performance for
Emerging and Certifiable NACA TA
Recipients, and four-year periods of
performance for Sponsoring Entity TA
Recipients. Upon creation of the
Emerging CDFI, the Sponsoring Entity
will request the CDFI Fund to amend
the Assistance Agreement and add the
Emerging CDFI as a party thereto; the
Emerging CDFI, as co-awardee, must
comply with all of the requirements in
the Assistance Agreement, including all
program goals and measures.
1. Certificate of Good Standing: All
FA and TA Recipients that are not
Insured Depository Institutions will be
required to provide the CDFI Fund with
a certificate of good standing from the
secretary of state for the Recipient’s
State of incorporation prior to closing.
This certificate can often be acquired
online on the secretary of state Web site
for the Recipient’s State of incorporation
and must generally be dated within 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
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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 requirements ...............
• If a Recipient received a prior award under any CDFI Fund program and is not current with
the reporting requirements in the previously executed agreement(s), the CDFI Fund can
delay entering into an Assistance Agreement or disbursing an award until reporting requirements are met.
• If such a Recipient is unable to meet the requirement within the timeframe specified, the
CDFI Fund may terminate and rescind the Assistance Agreement and the award made
under this NOFA.
• The automated systems the CDFI Fund uses only acknowledge a report’s receipt, not a determination of meeting reporting requirements.
• An FA Recipient must be a Certified CDFI prior to entering into an Assistance Agreement.
• If an FA Recipient fails to maintain CDFI Certification, the CDFI Fund will terminate and rescind the Assistance Agreement and the award made under this NOFA.
• The CDFI Fund will delay entering into an Assistance Agreement with a Recipient that has
pending noncompliance issues 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.
Failure to maintain CDFI Certification .................
Pending resolution of noncompliance .................
Noncompliance status .........................................
Compliance with Federal civil rights requirements.
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Do Not Pay ..........................................................
Safety and soundness ........................................
C. Reporting
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20:23 Feb 24, 2017
1. Reporting requirements: On an
annual basis for the period of
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performance, the CDFI Fund may collect
information from each Recipient
E:\FR\FM\27FEN1.SGM
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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) ..............................
Transaction Level Report (TLR) ..........................
Federal Financial Report/OMB Standard Form
425.
Uses of Funds Report .........................................
Shareholders Report ...........................................
Financial Assistance Objectives Report (or similar report).
Each Recipient is responsible for the
timely and complete submission of the
Annual Reporting requirements.
Sponsoring Entities with co-awardees
will be informed of any reporting shifts
at the time the Emerging CDFI is
adjoined to the Agreement. The CDFI
Fund reserves the right to contact the
Recipient and additional entities or
signatories to the Assistance Agreement
to request additional information and
documentation. The CDFI Fund will use
such information to monitor each
Recipient’s compliance with the
requirements in the Assistance
Agreement and to assess the impact of
the NACA Program. The CDFI Fund
reserves the right, in its sole discretion,
to modify these reporting requirements,
including increasing the scope and
frequency of reporting, if it determines
it to be appropriate and necessary;
however, such reporting requirements
will be modified only after notice to
Recipients.
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.
2. Financial Management and
Accounting: The CDFI Fund will require
Recipients to maintain financial
management and accounting systems
that comply with Federal statutes,
regulations, and the terms and
conditions of the Federal award. These
systems must be sufficient to permit the
preparation of reports required by
general and program specific terms and
conditions, including the tracing of
funds to a level of expenditures
adequate to establish that such funds
have been used according to the Federal
statutes, regulations, and the terms and
conditions of the Federal award.
The cost principles used by
Recipients must be consistent with
Federal cost principles and support the
accumulation of costs as required by the
principles, and must provide for
adequate documentation to support
costs charged to the NACA Program
award. In addition, the CDFI Fund will
require Recipients to: Maintain effective
internal controls; comply with
applicable statutes, regulations, and the
Assistance Agreement; evaluate and
monitor compliance; take action when
not in compliance; and safeguard
personally identifiable information.
VII. Agency Contacts
A. The CDFI Fund will respond to
questions concerning this NOFA and
the Application between the hours of
9:00 a.m. and 5:00 p.m. Eastern Daylight
Savings Time, starting on the date that
the NOFA is published through the date
listed in Table 1 and Table 11. The CDFI
Fund will post on its Web site responses
to reoccurring questions received about
this Application. Other information
regarding the CDFI Fund and its
programs may be obtained from the
CDFI Fund’s Web site at https://
www.cdfifund.gov. Table 19 lists CDFI
Fund contact information:
mstockstill on DSK3G9T082PROD with NOTICES
TABLE 19—CONTACT INFORMATION
Type of question
Telephone number
(not toll free)
NACA Program ........................................................................................
Certification, Compliance Monitoring, and Evaluation ............................
AMIS—IT Help Desk ...............................................................................
202–653–0421, option 1 ................
202–653–0423 ...............................
202–653–0422 ...............................
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20:23 Feb 24, 2017
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E:\FR\FM\27FEN1.SGM
Email addresses
cdfihelp@cdfi.treas.gov.
ccme@cdfi.treas.gov.
AMIS@cdfi.treas.gov.
27FEN1
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mstockstill on DSK3G9T082PROD with NOTICES
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 tollfree 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
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20:23 Feb 24, 2017
Jkt 241001
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 200.
Mary Ann Donovan,
Director, Community Development Financial
Institutions Fund.
[FR Doc. 2017–03744 Filed 2–24–17; 8:45 am]
BILLING CODE 4810–70–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
IRS Information Collection Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
the collections listed below.
DATES: Comments should be received on
or before March 29, 2017 to be assured
of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW., Suite 8142, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained by emailing PRA@treasury.gov,
calling (202) 622–0489, or viewing the
entire information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Internal Revenue Service (IRS)
Title: Application to Use LIFO
Inventory Method.
OMB Control Number: 1545–0042.
Type of Review: Extension without
change of a currently approved
collection.
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Form: 970.
Abstract: Form 970 is filed by
individuals, partnerships, trusts, estates,
or corporations to elect to use the LIFO
inventory method or to extend the LIFO
method to additional goods. The IRS
uses Form 970 to determine if the
election was properly made.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 42,220.
Title: Form 1099–INT—Interest
Income.
OMB Control Number: 1545–0112.
Type of Review: Revision of a
currently approved collection.
Form: 1099–INT.
Abstract: This form is used for
reporting interest income paid, as
required by sections 6049 and 6041 of
the Internal Revenue Code. It is used to
verify that payees are correctly reporting
their income.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 46,403,150.
Title: Special Lien for Estate Taxes
Deferred Under Section 6166 or 6166A.
OMB Control Number: 1545–0757.
Type of Review: Revision of a
currently approved collection.
Form: 13925.
Abstract: Section 6324A permits the
executor of a decedent’s estate to elect
a lien on section 6166 property in favor
of the United States in lieu of a bond or
personal liability if an election under
section 6166 was made and the executor
files an agreement under section
6323A(c). Form 13925 lists the
information required in Regulation
section 301.6324A–1(b)(1) and was
drafted to help taxpayers file liens that
will be valid under section 6324A and
the regulations.
Affected Public: Individuals.
Estimated Total Annual Burden
Hours: 500.
Title: EE–12–78 Non-Bank Trustees.
OMB Control Number: 1545–0806.
Type of Review: Extension without
change of a currently approved
collection.
Form: None.
Abstract: IRC section 408(a)(2)
permits an institution other than a bank
to be the trustee of an individual
retirement account (IRA). To do so, an
application needs to be filed and
various requirements need to be met.
IRS uses the information to determine
whether an institution qualifies to be a
non-bank trustee.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 13.
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27FEN1
Agencies
[Federal Register Volume 82, Number 37 (Monday, February 27, 2017)]
[Notices]
[Pages 12008-12026]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-03744]
-----------------------------------------------------------------------
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:
[[Page 12009]]
Table 1--FY 2017 NACA Program Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
Time (eastern daylight
Description Deadline time--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 NACA Program April 26, 2017........ 5:00 p.m. EDT......... Service Request via Award
staff. Management Information
System (AMIS) or CDFI Fund
Helpdesk: 202-653-0421 or
cdfihelp@cdfi.treas.gov.
NACA Program Application for April 28, 2017........ 11:59 p.m. EDT........ Electronically via Awards
Financial Assistance (FA) or Management Information
Technical Assistance (TA). System (AMIS).
----------------------------------------------------------------------------------------------------------------
Executive Summary: Through the NACA Program, the CDFI Fund provides
(i) FA awards of up to $1 million to Certified Community Development
Financial Institutions (CDFIs) serving Native American, Alaska Native,
or Native Hawaiian populations or Native American areas defined as
Federally-designated reservations, Hawaiian homelands, Alaska Native
Villages and U.S. Census Bureau-designated Tribal Statistical Areas
(collectively, ``Native Communities'') to build their financial
capacity to lend to their Target Markets, and (ii) TA grants of up to
$150,000 to build Certified, Certifiable, and Emerging CDFIs'
organizational capacity to serve their Target Markets and Sponsoring
Entities ability to create Certified CDFIs that serve Native
Communities. All awards provided through this NOFA are subject to
funding availability.
I. Program Description
A. History: The CDFI Fund was established by the Riegle Community
Development Banking and Financial Institutions Act of 1994 to promote
economic revitalization and community development through investment in
and assistance to CDFIs. Since its creation in 1994, the CDFI Fund has
awarded 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 NACA Program's FA awards and TA grants,
the CDFI Fund invests in and builds the capacity of for-profit and non-
profit community based lending organizations known as Community
Development Financial Institutions, or CDFIs. These organizations,
Certified as CDFIs by the CDFI Fund, serve Native Communities.
C. Program Regulations: The regulations governing the CDFI Program
are found at 12 CFR parts 1805 and 1815 (the Regulations), and are used
by the CDFI Fund to govern, in general, the NACA Program, setting forth
evaluation criteria and other program requirements. 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 NACA 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 codifies financial, administrative, procurement, and
program management standards that Federal award agencies must follow.
When evaluating award applications, awarding agencies must evaluate the
risks to the program posed by each applicant, and each applicant's
merits and eligibility. These requirements are designed to ensure that
applicants for Federal assistance receive a fair and consistent review
prior to an award decision. This review will assess items such as the
Applicant's financial stability, quality of management systems, 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. The CDFI Fund also reserves the right to
reallocate funds from the amount that is anticipated to be available
through this NOFA to other CDFI Fund initiatives that are designed to
benefit Native American, Native Hawaiian, and Alaskan Native
communities, particularly if the CDFI Fund determines that the number
of awards made through this NOFA is fewer than projected.
II. Federal Award Information
A. Funding Availability:
1. FY 2017 Funding Round: The CDFI Fund expects to award, through
this NOFA, approximately $15.5 million as indicated in the following
table:
[[Page 12010]]
Table 2--FY 2017 Funding Round Anticipated Category Amounts
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Award amount Estimated Estimate
total amount -------------------------------- number of average amount Average amount
Funding categories (see definition in table 7) to be awarded awards for FY awarded in FY awarded in FY
(millions) Minimum Maximum 2017 2017 2016
--------------------------------------------------------------------------------------------------------------------------------------------------------
FA...................................................... $12.5 $150,000 $1,000,000 26 $500,000 $600,000
TA...................................................... 3 10,000 150,000 16 145,000 145,000
-----------------------------------------------------------------------------------------------
Total............................................... 15.5 .............. .............. 42 .............. ..............
Healthy Food Financing Initiative--Financial Assistance 22 500,000 5,000,000 10 2,200,000 2,400,000
(HFFI-FA) *............................................
--------------------------------------------------------------------------------------------------------------------------------------------------------
* HFFI-FA appropriation will be allocated in one competitive round between the NACA and CDFI Program NOFAs.
The CDFI Fund reserves the right to award more or less than the
amounts cited above in each category, based upon available funding and
other factors, as appropriate.
2. Funding Availability for the FY 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
NACA 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 NACA 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 begins with the date of the notice of the
award and includes either (i) an Emerging or Certifiable CDFI award
Recipient's three full consecutive fiscal years after the date of the
notice of the award or (ii) a Certified CDFI Recipient's two full
consecutive fiscal years after the notice of the award, or (iii) a
Sponsoring Entity award Recipient's four full consecutive fiscal years
after the date of the notice of the award, during which the Recipient
must meet the performance goals set forth in the Assistance Agreement.
The period of performance for FA awards 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 NACA Program, the CDFI Fund
provides two types of awards: Financial Assistance (FA) and Technical
Assistance (TA) awards. An Applicant may submit an Application for a TA
grant or an FA award, but not both.
1. FA Awards: FA awards can be in the form of loans, grants, Equity
Investments, deposits and credit union shares. The form of the FA award
is based on the form of the matching funds that the Applicant includes
in its Application, unless Congress waives the matching funds
requirement. Matching funds are required for FA awards, must be from
non-Federal sources, and cannot have been used as matching funds for
any other Federal award. The CDFI Fund reserves the right, in its sole
discretion, to provide an FA award in an amount other than that which
the Applicant requests; however, the award amount will not exceed the
Applicant's award request as stated in its Application.
2. Healthy Food Financing Initiative--Financial Assistance (HFFI-
FA) Awards: HFFI-FA awards will be provided as a supplement to FA
awards; therefore, only those Applicants that have been selected to
receive an FA award through the NACA Program FY 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 12011]]
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:
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 12012]]
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.
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.
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.
Sponsoring Entity................. Sponsoring Entities include
any legal organization that
primarily serves Native Community
with ``primary'' meaning, at least
50 percent of its activities are
directed toward the Native
Community.
An eligible organization
that proposes to create a separate
legal organization that will become
a Certified CDFI serving Native
Communities.
Sponsoring Entities may
only apply for TA grants; they are
not eligible to apply for FA
awards.
Each Sponsoring Entity
selected to receive a TA grant will
be required to create and certify
an Emerging CDFI by the dates
specified in the Assistance
Agreement.
[[Page 12013]]
Definition of Native Other The CDFI Fund uses the following
Targeted Population as Target definitions, set forth in the
Market. Office of Management and Budget
(OMB) Notice, Revisions to the
Standards for the Classification of
Federal Data on Race and Ethnicity
(October 30, 1997), as amended and
supplemented:
(a) American Indian, Native
American, or Alaska Native: A
person having origins in any of the
original peoples of North and South
America (including Central America)
and who maintains tribal
affiliation or community
attachment; and
(b) Native Hawaiian (living in
Hawaii): A person having origins in
any of the original peoples of
Hawaii.
------------------------------------------------------------------------
Table 6--Eligibility Requirements for All Applicants
------------------------------------------------------------------------
------------------------------------------------------------------------
Applicant......................... Only the entity that will
carry out the proposed award
activities can apply for an award
(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).
Application type and submission Applicants must submit the
overview through Grants.gov and required application documents
Awards Management Information listed in Table 10.
System (AMIS). The CDFI Fund will only
accept Applications that use the
official application templates
provided on the Grants.gov and AMIS
Web sites. Applications submitted
with alternative or altered
templates will not be considered.
Applicants have a two-step
process that requires the
submission of application documents
on two separate deadlines and
locations: (1) Grants.gov and (2)
AMIS.
[cir] Grants.gov: Applicants must
submit the 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
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 NACA 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 NACA 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.
[[Page 12014]]
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.
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......... Certified, Certifiable, Emerging
CDFIs, or Sponsoring Entities (see
definitions in Table 5).
Matching funds.................... Matching funds
documentation is not required for
TA awards.
Limitation on Awards.............. An Emerging CDFI serving
Native Communities will be allowed
to receive no more than three TA
awards as an uncertified CDFI.
A Sponsoring Entity is only
eligible to apply for an award if
(i) it does not have an active
prior award or (ii) the
certification goal in its active
award's Assistance Agreement has
been satisfied and it proposes to
create another CDFI that will serve
one or more Native Communities.
Target Market..................... TA Applicants must
demonstrate that the Certified,
Certifiable, Emerging CDFI, or the
CDFI to be created by the
Sponsoring Entity will primarily
serve one or more Native Community
as its Target Market.
------------------------------------------------------------------------
Table 8--Eligibility Requirements for FA Applicants
------------------------------------------------------------------------
------------------------------------------------------------------------
CDFI certification status......... Each FA Applicant must be a
Certified CDFI prior to the
announcement of award decisions.
An Applicant that is in a
cure period to remedy CDFI
recertification deficiencies at the
time of award announcements will
not be eligible for an FA award
under this NOFA.
Activities in Native Communities.. For consideration under
this NOFA, each FA Applicant must:
[cir] Demonstrate that at least 50
percent of its past activities
were in one or more Native
Communities; and
[cir] describe how it will target
its lending/investing activities
to one or more Native
Communities.
Target Market..................... For consideration under
this NOFA, an FA Applicant's
certification Target Market must
have one or more of the following
characteristics:
[cir] For qualifying with an
investment area Target Market,
the Applicant must demonstrate
that the investment area approved
for certification is also a
geographic area of Federally-
designated reservations, Hawaiian
homelands, Alaska Native Villages
and U.S. Census Bureau designated
Tribal Statistical Areas; and/or
[cir] For qualifying with an Other
Targeted Population (OTP) Target
Market, the applicant's Target
Market approved for certification
must be an OTP of Native
Americans or American Indians,
including Alaska Natives living
in Alaska and Native Hawaiians
living in Hawaii.
Any FA Applicant whose
certification Target Market does
not meet either of the conditions
above will not be eligible for an
FA award under this NOFA.
Community collaboration........... All FA Applicants must
demonstrate strong community
collaboration with Native
Communities.
[[Page 12015]]
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.
FA Applicants with Community A NACA Applicant can apply
Partners. for assistance jointly with a
Community Partner. The NACA
Applicant would complete the NACA
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 NACA 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 NACA
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 NACA
Applicant.
Assistance provided upon
approval of an Application with a
Community Partner shall only be
entrusted to the NACA Applicant and
shall not be used to fund any
activity carried out directly by
the Community Partner or an
Affiliate or Subsidiary thereof.
$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.
HFFI-FA........................... All HFFI-FA Applicants
must:
[cir] Submit a CDFI or NACA Program
FA Application;
[cir] Meet all NACA 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:
NACA FA Applicants (upon
request) *;
HFFI-FA Applicants. (upon
request) *
TA Applicants are not required to
provide matching funds.
* The matching funds requirement for
HFFI-FA and NACA FA applicants was
waived in the appropriations bill
for FY 2016 and the final FY 2017
appropriations are still pending.
HFFI-FA and NACA 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 NACA FA applicants if matching
funds are not waived in the final
FY 2017 NACA 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.
[[Page 12016]]
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.
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 CFR 1805.500
et seq.
Matching funds must be
attributable to at least one of the
five eligible FA activities (see
Section II.C).
Rights of the CDFI Fund........... The CDFI Fund reserves the
right to contact the matching funds
source to discuss the matching
funds and the documentation that
the Applicant provided 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.
[[Page 12017]]
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:
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 NACA FA 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.
[[Page 12018]]
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.
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's 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/native.
Applicants may request a paper version of any Application material by
contacting the CDFI Fund Help Desk at cdfihelp@cdfi.treas.gov.
B. Content and Form of Application Submission: All Applications
must be prepared using the English language and calculations must be
made in U.S. dollars. The following table lists the required
Application documents for the FY 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............................... All Applicants......... Fillable PDF in Grants.gov.
NACA Program Application Components.. All Applicants......... AMIS.
Funding Application
Detail
Data, Charts, and
Narrative sections as listed in
AMIS and outlined in Application
materials
HFFI-FA Application Components....... HFFI-FA Applicants..... AMIS.
Funding Application
Detail
Narratives --Must create new
funding application.
----------------------------------------------------------------------------------------------------------------
ATTACHMENTS TO THE APPLICATION:
Add to ``Related Attachments'' related list in application
----------------------------------------------------------------------------------------------------------------
Matching Funds Breakout Table Excel CDFI Program FA Core Excel in AMIS.
Workbook. Applicants (the CDFI
Fund reserves the
right to request
matching funds from
HFFI-FA and NACA FA
applicants if matching
funds are not waived
in the final FY 2017
NACA Program
appropriation).
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 (if TA Applicants: Loan PDF in AMIS.
Audited Financial Statements are not funds and other non-
available). Insured Depository
Institutions.
Call Reports......................... FA and TA Applicants: PDF in AMIS.
Insured Depository
Institutions only.
Current Year to Date--December 31, FA and TA Applicants: PDF in AMIS.
2016, Unaudited Financial Statements. Loan funds and other
non-Insured Depository
Institutions.
[[Page 12019]]
Additional Documents As Applicable: All Applicants, if PDF or Word document in AMIS.
Community Partnership Agreement applicable.
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 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).
SF424 (Application for Federal March 24, 2017............. 11:59 p.m. EDT............. Electronically via
Assistance). Grants.gov.
Last day to contact NACA Program April 26, 2017............. 5:00 p.m. EDT.............. Service Request via
staff. Awards Management
Information System
(AMIS) Or CDFI
Fund Helpdesk: 202-
653-0421 or
cdfihelp@cdfi.treas.gov.
NACA 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 NACA
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
[[Page 12020]]
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.''
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 Sponsoring Entity award Recipient must create, as a legal
entity, the Emerging CDFI no later than the end of the first year of
the period of performance, whereupon the Sponsoring Entity must request
the CDFI Fund to amend the Assistance Agreement and add the Emerging
CDFI as a co-Recipient thereto, with the Sponsoring Entity, thereby
transferring any and all remaining balances and/or assets derived from
the TA award to the Emerging CDFI.
c. A Recipient may not distribute TA funds to an Affiliate,
Subsidiary or any other entity, without the CDFI Fund's prior written
consent.
d. TA funds shall only be paid to the Recipient.
e. The CDFI Fund, in its sole discretion, may pay TA funds in
amounts, or under terms and conditions, which are different from those
requested by an Applicant.
V. Application Review Information
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.
[[Page 12021]]
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 70 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.
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 70 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.
[[Page 12022]]
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
------------------------------------------------------------------------
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. An Applicant must receive a minimum of 50
points of the Total TA Business Plan Score for the TA components in
order to be considered for an award. Sponsoring Entity, 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. An Applicant that is a Sponsoring Entity
will be rated on the Applicant's demonstrated capability to create a
separate legal entity within one year that will achieve CDFI
certification within four years. An Applicant that is a Sponsoring
Entity will also be rated on its demonstrated need for TA funding to
build the CDFIs'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 Score...................................... 100 100
----------------------------------------------------------------------------------------------------------------
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
[[Page 12023]]
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, Certifiable CDFI, and
Sponsoring Entity 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 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.
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 NACA
Program's authorizing statute and regulations, the CDFI Fund must
ensure, to the maximum extent practicable, that recipients that are
non-regulated CDFIs are financially and managerially sound and maintain
appropriate internal controls (12 U.S.C. 4707(f)(1)(A) and 12 CFR
1805.800(b)). Further, the CDFI Fund must determine that an Applicant's
capacity to operate as a CDFI 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
the NACA 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 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 NACATA Recipients, three-year periods of
performance for Emerging and Certifiable NACA TA Recipients, and four-
year periods of performance for Sponsoring Entity TA Recipients. Upon
creation of the Emerging CDFI, the Sponsoring Entity will request the
CDFI Fund to amend the Assistance Agreement and add the Emerging CDFI
as a party thereto; the Emerging CDFI, as co-awardee, must comply with
all of the requirements in the Assistance Agreement, including all
program goals and measures.
1. Certificate of Good Standing: All FA and TA Recipients that are
not Insured Depository Institutions will be required to provide the
CDFI Fund with a certificate of good standing from the secretary of
state for the Recipient's State of incorporation prior to closing. This
certificate can often be acquired online on the secretary of state Web
site for the Recipient's State of incorporation and must generally be
dated within 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
[[Page 12024]]
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.
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
[[Page 12025]]
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.
------------------------------------------------------------------------
Each Recipient is responsible for the timely and complete
submission of the Annual Reporting requirements. Sponsoring Entities
with co-awardees will be informed of any reporting shifts at the time
the Emerging CDFI is adjoined to the Agreement. The CDFI Fund reserves
the right to contact the Recipient and additional entities or
signatories to the Assistance Agreement to request additional
information and documentation. The CDFI Fund will use such information
to monitor each Recipient's compliance with the requirements in the
Assistance Agreement and to assess the impact of the NACA Program. The
CDFI Fund reserves the right, in its sole discretion, to modify these
reporting requirements, including increasing the scope and frequency of
reporting, if it determines it to be appropriate and necessary;
however, such reporting requirements will be modified only after notice
to Recipients.
2. Financial Management and Accounting: The CDFI Fund will require
Recipients to maintain financial management and accounting systems that
comply with Federal statutes, regulations, and the terms and conditions
of the Federal award. These systems must be sufficient to permit the
preparation of reports required by general and program specific terms
and conditions, including the tracing of funds to a level of
expenditures adequate to establish that such funds have been used
according to the Federal statutes, regulations, and the terms and
conditions of the Federal award.
The cost principles used by Recipients must be consistent with
Federal cost principles and support the accumulation of costs as
required by the principles, and must provide for adequate documentation
to support costs charged to the NACA Program award. In addition, the
CDFI Fund will require Recipients to: Maintain effective internal
controls; comply with applicable statutes, regulations, and the
Assistance Agreement; evaluate and monitor compliance; take action when
not in compliance; and safeguard personally identifiable information.
VII. Agency Contacts
A. The CDFI Fund will respond to questions concerning this NOFA and
the Application between the hours of 9:00 a.m. and 5:00 p.m. Eastern
Daylight Savings Time, starting on the date that the NOFA is published
through the date listed in Table 1 and Table 11. The CDFI Fund will
post on its Web site responses to reoccurring questions received about
this Application. Other information regarding the CDFI Fund and its
programs may be obtained from the CDFI Fund's Web site at https://www.cdfifund.gov. Table 19 lists CDFI Fund contact information:
Table 19--Contact Information
------------------------------------------------------------------------
Telephone number
Type of question (not toll free) Email addresses
------------------------------------------------------------------------
NACA 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.
------------------------------------------------------------------------
[[Page 12026]]
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 200.
Mary Ann Donovan,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2017-03744 Filed 2-24-17; 8:45 am]
BILLING CODE 4810-70-P