Funding Opportunity Title: Notice of Funds Availability (NOFA) Inviting Applications for Financial Assistance (FA) Awards or Technical Assistance (TA) Grants Under the Native American CDFI Assistance (NACA Program) Fiscal Year (FY) 2019 Funding Round, 13761-13783 [2019-06623]

Download as PDF 13761 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices 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 appropriate 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 Time, starting on the date that the NOFA is published through the date listed in Table 1 and Table 12. The CDFI Fund strongly recommends Applicants submit questions to the CDFI Fund via an AMIS service request to the CDFI Program, Certification, Compliance Monitoring and Evaluation Unit, or IT Help Desk. The CDFI Fund will post on its website responses to reoccurring questions received about the NOFA and Application. Other information regarding the CDFI Fund and its programs may be obtained from the CDFI Fund’s website at https:// www.cdfifund.gov. Table 20 lists CDFI Fund contact information: TABLE 20—CONTACT INFORMATION Type of question Preferred method Telephone No. (not toll free) CDFI Program ................................ CCME ............................................ AMIS—IT Help Desk ...................... Service Request via AMIS ........... Service Request via AMIS ........... Service Request via AMIS ........... 202–653–0421, option 1 ............... 202–653–0423 .............................. 202–653–0422 .............................. khammond on DSKBBV9HB2PROD with NOTICES B. Information Technology Support: For IT assistance, the preferred method of contact is to submit a Service Request within AMIS. For the Service Request, select ‘‘Technical Issues’’ from the Program dropdown menu of the Service Request. People who have visual or mobility impairments that prevent them from using the CDFI Fund’s website 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 the 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), 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 Email addresses cdfihelp@cdfi.treas.gov. ccme@cdfi.treas.gov. AMIS@cdfi.treas.gov. organizations that are considering applying to, or are interested in learning about, the CDFI Fund’s programs. For further information, visit the CDFI Fund’s website at https:// www.cdfifund.gov. 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). Authority: 12 U.S.C. 4701, et seq.; 12 CFR parts 1805 and 1815; 2 CFR part 200. Jodie L. Harris, Director, Community Development Financial Institutions Fund. 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. The DF–FA Application has been assigned the following control number: 1559–0048. The HFFI–FA Application has been assigned the following control number: 1559–0040. B. Application Information Sessions: The CDFI Fund may conduct webinars or host information sessions for [FR Doc. 2019–06622 Filed 4–4–19; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Funding Opportunity Title: Notice of Funds Availability (NOFA) Inviting Applications for Financial Assistance (FA) Awards or Technical Assistance (TA) Grants Under the Native American CDFI Assistance (NACA Program) Fiscal Year (FY) 2019 Funding Round Announcement Type: Announcement of funding opportunity. Funding Opportunity Number: CDFI– 2019–NACA. Catalog of Federal Domestic Assistance (CFDA) Number: 21.012. Dates: TABLE 1—FY 2019 NACA PROGRAM FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS Description Deadline Time (eastern time—ET) Submission method Last day to contact Certification, Compliance Monitoring and Evaluation (CCME) staff regarding CDFI Certification. CDFI certification applications ............................... May 1, 2019 ..... 11:59 p.m ................ Service Request via Award Management Information System (AMIS). May 3, 2019 ..... 11:59 p.m ................ Electronically via AMIS. VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 PO 00000 Frm 00137 Fmt 4703 Sfmt 4703 E:\FR\FM\05APN1.SGM 05APN1 13762 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices TABLE 1—FY 2019 NACA PROGRAM FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS—Continued Description Deadline Time (eastern time—ET) Create AMIS Account (New Applicants) ................ SF–424 (Application for Federal Assistance) ........ Last day to contact NACA Program staff .............. May 3, 2019 ..... May 3, 2019 ..... June 4, 2019 .... 11:59 p.m ................ 11:59 p.m ................ 5:00 p.m .................. Last day to contact AMIS–IT Help Desk (regarding AMIS technical problems only). NACA Program Application for Financial Assistance (FA) or Technical Assistance (TA). June 6, 2019 .... 5:00 p.m .................. June 6, 2019 .... 11:59 p.m ................ Executive Summary: Through the NACA Program, the Community Development Financial Institutions (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 Eligible Markets and/ or their Target Markets, and (ii) TA grants of up to $150,000 to build Certified, Certifiable, and Emerging CDFIs’ organizational capacity to serve Eligible Markets and/or 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. khammond on DSKBBV9HB2PROD with NOTICES I. Program Description A. History: The CDFI Fund was established by the Riegle Community Development Banking and Financial Institutions Act of 1994 (Pub. L. 103– 325, 12 U.S.C. 4701 et seq.) (Authorizing Statute) 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 $3 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 VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 Submission method AMIS. Electronically via Grants.gov. Service Request via AMIS or CDFI Fund Helpdesk: 202–653–0421. Service Request via AMIS or 202–653–0422 or AMIS@cdfi.treas.gov. AMIS. Pilot Program. In addition, the CDFI Fund has allocated more than $54 billion in tax credit allocation authority through the New Markets Tax Credit Program (NMTC Program) and has guaranteed more than $1.5 billion in bonds for 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 CDFIs. These organizations, certified as CDFIs by the CDFI Fund, serve Native Communities. C. Program Regulations: The regulations governing the NACA 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 NACA Program Application for Financial Assistance or Technical Assistance (the Application); all related materials and guidance documents found on the CDFI Fund’s website (Application Materials); and the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR 200; 78 FR 78590) (the Uniform 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, Application Materials, or the Uniform Requirements. Details regarding Application content requirements are found in the Application and related Application Materials. D. Uniform Administrative Requirements, Cost Principles, and PO 00000 Frm 00138 Fmt 4703 Sfmt 4703 Audit Requirements for Federal Awards (2 CFR 200): The Uniform Requirements codify financial, administrative, procurement, and program management standards that Federal award agencies must follow. When evaluating award Applications, awarding agencies must evaluate the risks to the program posed by each Applicant, and each Applicant’s merits and eligibility. These requirements are designed to ensure that Applicants for Federal assistance receive a fair and consistent review prior to an award decision. This review will assess items such as the Applicant’s financial stability, quality of management systems, the soundness of its business plan, history of performance, ability to achieve measurable impacts through its products and services, and audit findings. In addition, the Uniform Requirements include guidance on audit requirements and other award compliance requirements for 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 2019 Funding Round: The CDFI Fund expects to award, through this NOFA, approximately $15.5 million as indicated in the following table: E:\FR\FM\05APN1.SGM 05APN1 13763 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices TABLE 2—FY 2019 FUNDING ROUND ANTICIPATED CATEGORY AMOUNTS Award amount Estimate average amount awarded in FY 2019 Funding categories (see definition in Table 7 for TA or Table 8 for FA) Estimated total amount to be awarded (millions) Base-FA ................................................... Persistent Poverty Counties—Financial Assistance (PPC–FA) ........................... TA ............................................................. $10.95 $150,000 $1,000,000 24 $453,500 $453,500 1.55 3 100,000 10,000 300,000 150,000 9 21 180,000 142,000 180,000 142,000 Total (Base-FA, PPC–FA, and TA) .. Disability Funds—Financial Assistance (DF–FA) * .............................................. Healthy Food Financing Initiative—Financial Assistance (HFFI–FA) * ................. 15.5 ........................ ........................ 54 ........................ ........................ 3 100,000 500,000 9 250,000 333,000 22 500,000 5,000,000 14 2,200,000 1,571,000 Minimum Maximum Estimated number of awards for FY 2019 Average amount awarded in FY 2018 khammond on DSKBBV9HB2PROD with NOTICES * DF–FA and 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 2019 Funding Round: As of the date of this NOFA, the CDFI Fund is operating under the Consolidated Appropriations Act, 2019 (Pub. L. 116–6). 3. Anticipated Start Date and Period of Performance: 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 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 date of the award announcement or (iii) a Sponsoring Entity award Recipient’s four full years after the award announcement, 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 award announcement and includes a Recipient’s three full consecutive fiscal years after the date of the notice of the award, during which time the Recipient must meet the performance goals set forth in the Assistance Agreement. 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 under the NACA Program, but not both. FA Awards include the Base Financial Assistance (Base-FA) award and the following awards that are provided as a supplement to the Base-FA award: Healthy Food Financing InitiativeFinancial Assistance (HFFI–FA), Persistent Poverty Counties-Financial VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 Assistance (PPC–FA), and Disability Funds-Financial Assistance (DF–FA). The HFFI–FA, PPC–FA, and DF–FA Applications will be evaluated independently from the Base-FA Application, and will not affect the Base-FA Application evaluation or BaseFA award amount. However, Applicants that qualify for the NACA Program may submit two Applications: One Application—either for a TA grant or an FA award, but not both—through the CDFI Program, and one Application—either for a TA grant or an FA award, but not both—through the NACA Program. NACA qualified Applicants that choose to apply for awards through both the CDFI Program and the NACA Program may either apply for the same type of award under each Program or for a different type of award under each Program. NACA qualified Applicants that choose to apply under both the NACA Program and CDFI Program and are selected for an award under both Programs will be provided the larger of the two awards. NACA Applicants cannot receive an award under both Programs. The matching funds requirement for NACA Program FA award Applicants and HFFI–FA Applicants was waived in the final FY 2019 appropriations. Therefore, NACA Program FA and HFFI–FA Applicants are not required to submit matching funds for their award requests. 1. Base-FA Awards: Base-FA awards can be in the form of loans, grants, Equity Investments, deposits and credit union shares. The form of the Base-FA award is based on the form of the matching funds that the Applicant includes in its Application, unless Congress waived the matching funds requirement. The matching funds requirement was waived for NACA Program Applicants and therefore the Base-FA award will be in the form of a grant for the NACA Program. The CDFI PO 00000 Frm 00139 Fmt 4703 Sfmt 4703 Fund reserves the right, in its sole discretion, to provide a Base-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. Persistent Poverty Counties— Financial Assistance (PPC–FA) Awards: PPC–FA awards will be provided as a supplement to Base-FA awards; therefore, only those Applicants that are selected to receive a Base-FA award through the NACA Program FY 2019 Funding Round will be eligible to receive a PPC–FA award. PPC–FA awards can be in the form of loans, grants, Equity Investment, deposits and credit union shares. The form of the PPC–FA award is based on the form of the matching funds that the Applicant includes in its Application, unless Congress waived the matching funds requirement. The matching funds requirement was waived for NACA Program Applicants and therefore the PPC–FA award will be in the form of a grant for NACA Program Applicants. The CDFI Fund reserves the right, in its sole discretion, to provide a PPC–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. Disability Funds—Financial Assistance (DF–FA) Awards: DF–FA awards will be provided as a supplement to Base-FA awards; therefore, only those Applicants that have been selected to receive a Base-FA award through the NACA Program FY 2019 Funding Round will be eligible to receive a DF–FA award. DF–FA awards can be in the form of loans, grants, Equity Investments, deposits and credit union shares. The form of the DF–FA award is based on the form of the matching funds that the Applicant E:\FR\FM\05APN1.SGM 05APN1 13764 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices includes in its Application, unless Congress waived the matching funds requirement. The matching funds requirement was waived for NACA Program Applicants and therefore the DF–FA award will be in the form of a grant for NACA Program Applicants. The CDFI Fund reserves the right, in its sole discretion, to provide a DF–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. 4. Healthy Food Financing Initiative— Financial Assistance (HFFI–FA) Awards: HFFI–FA awards will be provided as a supplement to Base-FA awards; therefore, only those Applicants that have been selected to receive a Base-FA award through the NACA Program FY 2019 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 waived the matching funds requirement. The matching funds requirement was waived for HFFI–FA Applicants and therefore the HFFI–FA awards will be in the form of a grant. 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. 5. 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. C. Eligible Activities: 1. FA Awards: Base-FA, PPC–FA, DF– FA, and HFFI–FA award funds may be expended for activities serving Commercial Real Estate, Small Business, Microenterprise, Community Facilities, Consumer Financial Products, Consumer Financial Services, Commercial Financial Products, 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. The FA budget is the amount of the award and must be expended in the five eligible activity categories. Base-FA Recipients must meet performance goals, which will be derived from projections and attestations provided by the Applicant in its Application, to achieve one or more of the following FA Objectives: (i) Increase Volume of Financial Products in an Eligible Market(s) and/or in the Applicant’s approved Target Market and/or Increase Volume of Financial Services in an Eligible Market(s) and/or in the Applicant’s approved Target Market; (ii) Serve Eligible Market(s) or the Applicant’s approved Target Market in New Geographic Area or Areas; (iii) Provide New Financial Products in an Eligible Market(s) and/or in the Applicant’s approved Target Market, Provide New Financial Services in an Eligible Market(s) and/or in the Applicant’s approved Target Market, or Provide New Development Services in an Eligible Market(s) and/or in the Applicant’s approved Target Market; and (iv) Serve New Targeted Population or Populations. At the end of each year of the period of performance, fifty (50) percent or more of the Financial Products closed by NACA Recipients must be in Native Communities. FA awards may only be used for Direct Costs associated with an eligible activity; no indirect expenses are allowed. Up to 15 percent of the FA award may be used for Direct Administrative Expenses associated with an eligible FA activity. ‘‘Direct Administrative Expenses’’ shall mean Direct Costs, as described in section 2 CFR 200.413 of the Uniform Requirements, which are incurred by the Recipient to carry out the Financial Assistance. Direct Costs incurred to provide Development Services or Financial Services do not constitute Direct Administrative Expenses. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301–8303, with respect to any Direct Costs. For purposes of this NOFA, the five eligible activity categories are defined below: TABLE 3—BASE-FA, PPC–FA, DF–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. For HFFI–FA, however, the purchase of loans originated by certified CDFIs, loan refinancing, or any type of financing for prepared food outlets are not eligible activities. 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. khammond on DSKBBV9HB2PROD with NOTICES ii. Financial Services ....................... iii. Loan Loss Reserves ................... VerDate Sep<11>2014 18:46 Apr 04, 2019 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 or for related purposes that the CDFI Fund deems appropriate. Jkt 247001 PO 00000 Frm 00140 Fmt 4703 Sfmt 4703 E:\FR\FM\05APN1.SGM All Insured Depository Institutions and Depository Institution Holding Company only. Not applicable for HFFI–FA Recipients. All. 05APN1 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices 13765 TABLE 3—BASE-FA, PPC–FA, DF–FA, AND HFFI–FA ELIGIBLE ACTIVITY CATEGORIES—Continued FA eligible activity FA eligible activity definition * iv. Development Services ............... FA expended for activities undertaken by a CDFI, its Affiliate or contractor that (i) promote community development and (ii) 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; 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 providing financing, or for related purposes as the CDFI Fund deems appropriate. v. Capital Reserves ......................... Eligible CDFI institution types All. Insured Depository Institutions and Depository Institution Holding Company only Not applicable for DF–FA. * All FA eligible activities must be in an Eligible Market or the Applicant’s approved Target Market. Eligible Market is defined as (i) a geographic area meeting the requirements set forth in 12 CFR 1805.201(b)(3)(ii), or (ii) individuals that are Low-Income, African American, Hispanic, Native American, Native Hawaiians residing in Hawaii, Alaska Natives residing in Alaska, or Other Pacific Islanders residing in American Samoa, Guam or the Northern Mariana Islands. 2. DF–FA Award: DF–FA award funds may only be expended for eligible FA activities (referenced in Table 3) to directly or indirectly benefit individuals with disabilities. The DF–FA Recipient must close Financial Products for the primary purpose of directly or indirectly benefiting people with disabilities, where the majority of the DF–FA supported loans or investments benefit individuals with disabilities, in an amount equal to or greater than 85 percent of the total DF–FA provided. Eligible DF–FA financing activities may include, among other activities, loans to develop or purchase affordable, accessible, and safe housing; loans to provide or facilitate employment opportunities; and loans to purchase assistive technology. For the purposes of DF–FA, a person with a Disability is a person who has a physical or mental impairment that substantially limits one or more major life activities, a person who has a history or record of such an impairment, or a person who is perceived by others as having such an impairment, as defined by the American Disabilities Act (ADA) at https://www.ada.gov/ cguide.htm. 3. TA Grants: TA grant funds may be expended for the following eight eligible activity categories: (i) Compensation— Personal Services; (ii) Compensation— Fringe Benefits; (iii) Professional Service Costs; (iv) Travel Costs; (v) Training and Education Costs; (vi) Equipment; (vii) Supplies; and (viii) Incorporation Costs. Sponsoring Entities may also use TA grant funds for incorporation costs. The TA budget is the amount of the award and must be expended in the eight eligible activity categories. None of the eligible activity categories will be authorized for indirect costs or an associated indirect cost rate. Any expenses that are prohibited by the Uniform Requirements are unallowable and are generally found in Subpart ECost Principles. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301– 8303, with respect to any Direct Costs. For purposes of this NOFA, the eight eligible activity categories are defined below: TABLE 4—TA ELIGIBLE ACTIVITY CATEGORIES, SUBJECT TO THE APPLICABLE PROVISIONS OF THE UNIFORM REQUIREMENTS (i) Compensation—Personal Services. (ii) Compensation—fringe benefits (iii) Professional service costs ........ khammond on DSKBBV9HB2PROD with NOTICES (iv) Travel costs .............................. (v) Training and education costs .... VerDate Sep<11>2014 18:46 Apr 04, 2019 TA paid to cover all remuneration paid currently or accrued, for services of Applicant’s employees rendered during the Period of Performance under the TA grant in accordance with section 200.430 of the Uniform Requirements. Any work performed directly but unrelated to the purposes of the TA grant may not be paid as Compensation through a TA grant. For example, the salaries for building maintenance would not carry out the purpose of a TA grant and would be deemed unallowable. TA paid to cover allowances and services provided by the Applicant to its employees as compensation in addition to regular salaries and wages, in accordance with section 200.431 of the Uniform Requirements. Such expenditures are allowable as long as they are made under formally established and consistently applied organizational policies of the Applicant. TA used to pay for professional and consultant services (e.g., such as strategic and marketing plan development), rendered by persons who are members of a particular profession or possess a special skill (e.g., credit analysis, portfolio management), and who are not officers or employees of the Applicant, in accordance with section 200.459 of the Uniform Requirements. Payment for a consultant’s services may not exceed the current maximum of the daily equivalent rate paid to an Executive Schedule Level IV Federal employee. Professional and consultant services must build the capacity of the CDFI. For example, professional services that provide direct development services to the customers does not build the capacity of the CDFI to provide those services and would not be eligible. TA used to pay costs of transportation, lodging, subsistence, and related items incurred by the Applicant’s personnel who are on travel status on business related to the TA award, in accordance with section 200.474 of the Uniform Requirements. Travel costs do not include costs incurred by the Applicant’s consultants who are on travel status. Any payments for travel expenses incurred by the Applicant’s personnel but unrelated to carrying out the purpose of the TA grant would be deemed unallowable. As such, documentation must be maintained that justifies the travel as necessary to the TA grant. TA used to pay the cost of training and education provided by the Applicant for employees’ development in accordance with section 200.472 of the Uniform Requirements. TA can only be used to pay for training costs incurred by the Applicant’s employees. Training and education costs may not be incurred by the Applicant’s consultants. Jkt 247001 PO 00000 Frm 00141 Fmt 4703 Sfmt 4703 E:\FR\FM\05APN1.SGM 05APN1 13766 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices TABLE 4—TA ELIGIBLE ACTIVITY CATEGORIES, SUBJECT TO THE APPLICABLE PROVISIONS OF THE UNIFORM REQUIREMENTS—Continued (vi) Equipment ................................. (vii) Supplies ................................... (viii) Incorporation Costs (Sponsoring Entities only). 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, in accordance with section 200.33 of the Uniform Requirements. For example, items such as office furnishings and information technology systems are allowable as Equipment costs. The Applicant must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301–8303 with respect to the purchase of Equipment. TA used to pay for tangible personal property with a per unit acquisition cost of less than $5,000 in accordance with section 200.94 of the Uniform Requirements. For example, a desktop computer costing $1,000 is allowable as a Supply cost. The Applicant must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301–8303 with respect to the purchase of Supplies. TA used to pay for incorporation fees in connection with the establishment or reorganization of an organization as a CDFI, in accordance with section 200.455 of the Uniform Requirements. Incorporation Costs are allowable for NACA Program Sponsoring Entity Applicants only. 4. HFFI–FA Award: HFFI–FA award funds may only be expended for eligible FA activities referenced in Table 3. The HFFI–FA investments must comply with the following guidelines: a. Recipient must close Financial Products for Healthy Food Retail Outlets and Healthy Food Non-Retail Outlets in its approved Target Market in an amount equal to or greater than 100 percent 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 loan or investment be devoted to offering a range of Healthy Food choices, which may include, among other activities, investments supporting an existing retail store or wholesale operation upgrade to offer an expanded range of Healthy Food choices, or supporting a nonprofit organization that expands the availability of Healthy Foods in underserved areas. b. Recipient must demonstrate that it has closed Financial Products to Healthy Food Retail Outlets located in Food Deserts in the Recipient’s approved Target Market in an amount equal to 75 percent of the total HFFI Financial Assistance provided. Definitions Healthy Foods. Healthy Foods include unprepared 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 lowfat 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. 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. 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 this requirement, 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. 5. PPC–FA Award: PPC–FA award funds may only be expended for eligible FA activities referenced in Table 3. The PPC–FA Recipient must close Financial Products in PPC in an Eligible Market or in the Applicant’s approved Target Market in an amount equal to or greater than 100 percent of the total PPC Financial Assistance provided. The specific counties that meet the criteria for ‘‘persistent poverty’’ can be found at: https://www.cdfifund.gov/Documents/ PPC%20updated%20Oct.2017.xlsx. III. Eligibility Information A. Eligible Applicants: For the purposes of this NOFA, the following tables set forth the eligibility criteria to receive an award from the CDFI Fund, along with certain definitions of terms. There are four categories of Applicant eligibility criteria: (1) CDFI certification criteria (Table 5); (2) requirements that apply to all Applicants (Table 6); (3) requirements that apply to TA Applicants (Table 7); and (4) requirements that apply to FA Applicants (Table 8). khammond on DSKBBV9HB2PROD with NOTICES TABLE 5—CDFI CERTIFICATION CRITERIA DEFINITIONS Certified CDFI ................................. Certifiable CDFI .............................. VerDate Sep<11>2014 18:46 Apr 04, 2019 • 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 12 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 is awarded a TA award regardless of the Applicant’s certification status. Jkt 247001 PO 00000 Frm 00142 Fmt 4703 Sfmt 4703 E:\FR\FM\05APN1.SGM 05APN1 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices 13767 TABLE 5—CDFI CERTIFICATION CRITERIA DEFINITIONS—Continued Emerging CDFI (TA Applicants) ..... Sponsoring Entity ............................ Definition of Native Other Targeted Population as Target Market. • 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 CDFI 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) must comply with CDFI certification performance goal and measure(s) stated in its prior Assistance Agreement(s). • Emerging CDFIs may only apply for TA grants, and are ineligible for FA awards. • An Emerging CDFI selected to receive a TA grant will be required to become a Certified CDFI by a date specified in the Assistance Agreement. • Sponsoring Entities include any legal organization that primarily serves Native Community with ‘‘primary’’ meaning, at least 50 percent of its activities are directed toward the Native Community. • An eligible organization that proposes to create a separate legal organization that will become a Certified CDFI serving Native Communities. • Sponsoring Entities may only apply for TA grants; they are not eligible to apply for FA awards. • Each Sponsoring Entity selected to receive a TA grant will be required to create and certify an Emerging CDFI by the dates specified in the Assistance Agreement. The CDFI Fund uses the following definitions, set forth in the Office of Management and Budget (OMB) Notice, Revisions to the Standards for the Classification of Federal Data on Race and Ethnicity (October 30, 1997), as amended and supplemented: • 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 • 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 ......................................... khammond on DSKBBV9HB2PROD with NOTICES Application type and submission overview through Grants.gov and Awards Management Information System (AMIS). VerDate Sep<11>2014 18:46 Apr 04, 2019 • Only the entity that will carry out the proposed award activities may apply for an award (other than Depository Institution Holding Companies—see below) and Sponsoring Entities. Recipients may not create a new legal entity to carry out the proposed award activities (except for Sponsoring Entities). • 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, other than 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 websites. Applications submitted with alternative or altered templates will not be considered. • Applicants undergo a two-step process that requires the submission of Application documents by two separate deadlines in two different locations: (1) The SF–424 in Grants.gov and (2) all other Required Application Documents in AMIS. • Grants.gov and the SF–424: Æ Grants.gov: Applicants must submit the Office of Management and Budget (OMB) Standard Form (SF) OMB SF–424, Application for Federal Assistance. Æ All Applicants must register in the Grants.gov system to successfully submit an Application. The Grants.gov registration process can take 30 days or more to complete. The CDFI Fund strongly encourages Applicants to register as early as possible. Æ The CDFI Fund will not extend the SF–424 application deadline for any Applicant that started the Grants.gov registration process on, before, or after the date of the publication of this NOFA, but did not complete it by the deadline except in the case of a Federal government administrative or technological error that directly resulted in a late submission of the SF–424. Æ The SF–424 must be submitted in Grants.gov on or before the deadline listed in Table 1 and Table 12. 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 submission deadline. Æ The SF–424 must be submitted under the NACA Program Funding Opportunity Number for the NACA Program Application. NACA Program Applicants should be careful to not select the CDFI Program Funding Opportunity Number when submitting their SF–424 for the NACA Program. NACA Program Applicants that submit their SF–424 for the NACA Program Application under the CDFI Program Funding Opportunity Number will be deemed ineligible for the NACA Program Application. 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 and all other Required Application Documents listed in Table 10: 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 Each Application in AMIS must be signed by an Authorized Representative. Æ Applicants must ensure that the Authorized Representative is authorized to sign legal documents on behalf of the organization. Consultants working on behalf of the organization may not be designated as Authorized Representatives. Æ Only the Authorized Representative or Application Point of Contact, included in the Application, may submit the Application in AMIS. Jkt 247001 PO 00000 Frm 00143 Fmt 4703 Sfmt 4703 E:\FR\FM\05APN1.SGM 05APN1 13768 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS—Continued Employer Identification Number (EIN). • • • Dun & Bradstreet, (DUNS) number • • • • System for Award Management (SAM). • • • • AMIS Account ................................. • • • • 501(c)(4) status ............................... • Compliance with Nondiscrimination and Equal Opportunity Statutes, Regulations, and Executive Orders. • Depository Institution Holding Company Applicant. • • Use of award ................................... • khammond on DSKBBV9HB2PROD with NOTICES • Requested award amount ............... • Pending resolution of noncompliance. • Noncompliance status ..................... • VerDate Sep<11>2014 18:46 Apr 04, 2019 Æ All Required Application Documents must be submitted in AMIS on or before the deadline specified in Tables 1 and 12. Æ The CDFI Fund will not extend the deadline for any Applicant except in the case of a Federal government administrative or technological error that directly resulted in the late submission of the Application in AMIS. 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. The EIN in the Applicant’s AMIS account must match the EIN in the Applicant’s Grant.gov and System for Award Management (SAM) accounts. The CDFI Fund will reject an Application if the EIN in the Applicant’s AMIS account does not match the EIN in its Grants.gov and SAM accounts. 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. The DUNS number in the Applicant’s AMIS account must match the DUNS number in the Applicant’s Grant.gov and SAM accounts. The CDFI Fund will reject an Application if the DUNS number in the Applicant’s AMIS account does not match the DUNS number in its Grants.gov and SAM accounts. SAM is a web-based, government-wide application that collects, validates, stores, and disseminates business information about the federal government’s trading partners in support of the contract awards, grants, and electronic payment processes. Applicants must register in SAM as part of the Grants.gov registration process. Applicants must have a DUNS number and an EIN number in order to register in SAM. Applicants must be registered in SAM in order to submit an SF–424 in Grants.gov. The CDFI Fund reserves the right to deem an Application ineligible if the Applicant’s SAM account expires during the Application evaluation period or is set to expire between September 1, 2019 and December 31, 2019, and the Applicant does not re-activate or renew, as applicable, the account within the deadlines that the CDFI Fund communicates to affected Applicants during the Application evaluation period. Each Applicant must register as an organization in AMIS and submit all Required Application Documents listed in Table 10 through the AMIS portal. The Application of any organization that does not properly register in AMIS by the deadline set forth in Table 1—FY 2019 NACA Program Funding Round Critical Deadlines for Applicants—will be rejected without further consideration. 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 and/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 to receive 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, including but not limited to: Title VI of the Civil Rights Act of 1964, as amended (42 U.S.C. 2000d); Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794); the Age Discrimination Act of 1975, (42 U.S.C. 6101–6107), and Executive Order 13166, Improving Access to Services for Persons with Limited English Proficiency. In the case where a CDFI Depository Institution Holding Company Applicant intends to carry out the activities of an award through its Subsidiary CDFI Insured Depository Institution, the Application must be submitted by the CDFI Depository Institution Holding Company and reflect the activities and financial performance of the Subsidiary CDFI Insured Depository Institution. Authorized representatives of both the Depository Institution Holding Company and the Subsidiary CDFI Insured Depository Institution must certify that the information included in the Application represents that of the Subsidiary CDFI Insured Depository Institution, and that the award funds will be used to support the Subsidiary CDFI Insured Depository Institution for the eligible activities outlined in the Application. 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)). With the exception of Depository Institution Holding Company Applicants, awards may not 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, unless done pursuant to a merger or acquisition or similar transaction, and with the CDFI Fund’s prior written consent. The Recipient of any award made through this NOFA must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301–8303, with respect to any Direct Costs. An Applicant must state its requested award amount in the Application in AMIS. An Applicant 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. Jkt 247001 PO 00000 Frm 00144 Fmt 4703 Sfmt 4703 E:\FR\FM\05APN1.SGM 05APN1 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices 13769 TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS—Continued • The CDFI Fund will not consider any Applicant that has defaulted on a loan from the CDFI Fund within five years of the Application deadline. TABLE 7—ELIGIBILITY REQUIREMENTS FOR TA APPLICANTS CDFI certification status .................. Matching funds ................................ Limitation on Awards ...................... Proposed Activities ......................... Insured CDFI—Insured Credit Union and Insured Depository Institution. Target Market .................................. Certified CDFIs, Certifiable CDFIs, 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 may not receive 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. • Applicants must propose to directly undertake eligible activities with TA awards. For example, an uncertified CDFI Applicant must propose to become certified as part of its Application and a Certified CDFI Applicant must propose activities that build its capacity to serve its Target Market or an Eligible Market. With the exception of Sponsoring Entities, Applicants may not propose to use a TA award to create a separate legal entity to become a certified CDFI or otherwise carry out the TA award activities. • Each Insured Depository Institution TA Applicant must have a CAMELS/CAMEL rating (rating for banks and credit unions, respectively) or equivalent type of rating by its regulator, collectively referred to as ‘‘CAMELS/CAMEL rating’’ throughout this document, of at least ‘‘4’’. • TA Applicants with CAMELS/CAMEL ratings of ‘‘5’’ will not be eligible for awards. • The CDFI Fund will also evaluate materials concerns identified by the Appropriate Federal Banking Agency in determining the eligibility of Insured Depository Institution Applicants. • TA Applicants must demonstrate that the Certified CDFI, Certifiable CDFI, Emerging CDFI, or the CDFI to be created by the Sponsoring Entity will primarily serve one or more Native Community as its Target Market. TABLE 8—ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS CDFI certification status .................. Activities in Native Communities .... Target Market .................................. khammond on DSKBBV9HB2PROD with NOTICES Community Collaboration ................ Matching funds documentation ....... VerDate Sep<11>2014 18:46 Apr 04, 2019 • Each FA Applicant must be a Certified CDFI prior to the date of award announcement. • The CDFI Fund will consider an Application submitted by an Applicant that has pending noncompliance issues with its Annual Certification Report, if the CDFI Fund has not yet made a final compliance determination. • For consideration under this NOFA, each FA Applicant must: Æ Demonstrate that at least 50 percent of its past activities were in one or more Native Communities; and Æ describe how it will target its lending/investing activities to one or more Native Communities. • For consideration under this NOFA, an FA Applicant’s certification Target Market must have one or more of the following characteristics: Æ For qualifying with an investment area Target Market, the Applicant must demonstrate that the investment area approved for certification is also a geographic area of Federally-designated reservations, Hawaiian homelands, Alaska Native Villages and U.S. Census Bureau designated Tribal Statistical Areas; and/or Æ For qualifying with an Other Targeted Population (OTP) Target Market, the applicant’s Target Market approved for certification must be an OTP of Native Americans or American Indians, including Alaska Natives living in Alaska and Native Hawaiians living in Hawaii. • Any FA Applicant whose certification Target Market does not meet either of the conditions above will not be eligible for an FA award under this NOFA. • All FA Applicants must demonstrate strong community collaboration with Native Communities. • Applicants must submit acceptable documentation attesting that they have received or will receive matching funds. Applicants that do not complete the Matching Funds section in the FA Application in AMIS, documenting the source(s) of their matching funds, will not be evaluated. The matching funds requirements for NACA Program FA and HFFI–FA Applicants were waived in the final FY 2019 appropriations. Therefore, NACA Program and HFFI–FA Applicants are not required to submit matching funds documentation. • Unless Congress waived the matching funds requirement, Applicants must document their matching funds in the Matching Funds section in the FA Application in AMIS. Matching funds information provided in another format will not be considered. • Unless Congress waived the matching funds requirement, 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. See Table 9 for the definitions of Committed and In-Hand. • Unless Congress waived the matching funds requirement, 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. • Unless Congress waived the matching funds requirement, 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. • Unless Congress waived the matching funds requirement, 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. Jkt 247001 PO 00000 Frm 00145 Fmt 4703 Sfmt 4703 E:\FR\FM\05APN1.SGM 05APN1 13770 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices TABLE 8—ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS—Continued $5 Million funding cap ..................... FA Applicants with Community Partners. Insured CDFI—Insured Credit Union and Insured Depository Institution. PPC–FA .......................................... DF–FA ............................................. HFFI–FA .......................................... • 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 from the announcement date. • For TA Applicants, for purposes of this NOFA and per final FY 2019 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 2016, 2017, and 2018 funding rounds, as well as the requested FY 2019 award, excluding DF–FA and HFFI–FA awards. • For FA Applicants, for purposes of this NOFA and per final FY 2019 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 2017 and 2018 funding rounds, as well as the requested FY 2019 award, excluding DF–FA and HFFI–FA awards. • A NACA Applicant can apply for assistance jointly with a Community Partner. The CDFI Applicant would complete the NACA Program Application and would address the Community Partnership in its business plan and other sections of the Application as specified in the Application Materials. • The CDFI Applicant must be either a Certified or Certifiable CDFI as defined in Table 5. • An Application with a Community Partner must: Æ Describe how the NACA Applicant and Community Partner will each participate in the partnership and how the partnership will enhance eligible activities serving the Investment Area and/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. • Each Insured Depository Institution FA Applicant must have a CAMELS/CAMEL rating (rating for banks and credit unions, respectively) or equivalent type of rating by its regulator, collectively referred to as ‘‘CAMELS/CAMEL rating’’ throughout this document, of at least ‘‘3’’. • FA Applicants with CAMELS/CAMEL ratings of ‘‘4 or 5’’ will not be eligible for awards. • The CDFI Fund will also evaluate materials concerns identified by the appropriate regulator in determining eligibility of Insured Depository Institution Applicants. • All PPC–FA Applicants must: Æ Submit a CDFI or NACA Program FA Application; Æ Meet all NACA FA award eligibility requirements; and Æ Provide a PPC–FA award request amount in AMIS. • All DF–FA Applicants must: Æ Submit a CDFI or NACA Program FA Application; Æ Meet all NACA FA award eligibility requirements; Æ Submit the DF–FA Application; and Æ Provide a DF–FA award request amount in AMIS. • All HFFI–FA Applicants must: Æ Submit a CDFI or NACA Program FA Application; Æ Meet all NCA FA award eligibility requirements; Æ Submit the HFFI–FA Application; and Æ Provide a HFFI–FA award request amount in AMIS. khammond on DSKBBV9HB2PROD with NOTICES B. Matching Funds Requirements: In order to receive a Base-FA, PPC–FA, or DF–FA award, an Applicant must provide evidence of eligible dollar-fordollar matching funds and attest that it can provide acceptable documentation upon the CDFI Fund’s request as part of the Application, unless Congress waived the matching funds requirement. The matching funds requirement for NACA Program FA and HFFI–FA Applicants was waived in the final FY 2019 appropriations. Therefore, NACA Program FA and HFFI–FA Applicants are not required to submit matching funds for their award requests. An Applicant that represents that it has Equity Investments and/or deposits matching funds In-Hand at the time of Application submission must provide documentation of such as part of the Application. An Applicant that uses retained earnings as matching funds must provide supporting documentation of In-Hand and/or Committed matching funds at the time of Application submission. The CDFI Fund will review matching funds information, attestations, and supporting matching funds documentation, if applicable, prior to award payment and will disburse funds based upon eligible InHand matching funds. The CDFI Fund encourages Applicants to review the Regulations, the Uniform Requirements, and the matching funds guidance materials available on the CDFI Fund’s website. Table 9 provides a summary of the matching funds requirements for Base-FA, PPC–FA, and DF–FA. The matching funds requirements for NACA Program FA and HFFI–FA Applicants were waived in the final FY 2019 appropriations. Additional details are set forth in the Application Materials. TABLE 9—MATCHING FUNDS REQUIREMENTS * In-Hand matching funds definition .. VerDate Sep<11>2014 18:46 Apr 04, 2019 • 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: Jkt 247001 PO 00000 Frm 00146 Fmt 4703 Sfmt 4703 E:\FR\FM\05APN1.SGM 05APN1 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices 13771 TABLE 9—MATCHING FUNDS REQUIREMENTS *—Continued Matching funds requirements by Application type. Amount of required match .............. Determination of award form .......... Matching Funds Window definition Matching funds and form of award Committed matching funds definition. Limitations on matching funds ........ khammond on DSKBBV9HB2PROD with NOTICES Rights of the CDFI Fund ................. Matching funds in the form of thirdparty in-kind contributions. VerDate Sep<11>2014 18:46 Apr 04, 2019 • Loan—the loan agreement and/or promissory note; • grant—the grant letter or agreement; • Equity Investment—the stock certificate, documentation of total equity outstanding, and shareholder agreement; • retained earnings—Retained Earnings Calculator and Audited Financial Statements or call reports from regulating entity for each fiscal year reported in Retained Earnings Calculator; • 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. • Unless Congress waived the matching fund requirement, Applicants must provide information on their InHand matching funds in the Matching Funds section of the FA Application in AMIS (refer to Table 10— Required Application Documents) at the time of Application submission. • Although Applicants are not required to provide further documentation for In-Hand matching funds at the time of Application submission, (other than supporting documentation for retained earnings, deposits, and Equity Investments, which must be provided at the time of Application submission), they must be able to provide documentation to the CDFI Fund upon request. The matching funds requirement for HFFI–FA and NACA Program FA Applicants was waived in the final FY 2019 appropriations. Therefore, NACA Program FA and HFFI–FA Applicants are not required to provide matching funds. Unless waived by Congress, Applicants must provide evidence of eligible, In-Hand, dollar-for-dollar, nonFederal matching funds for every Base-FA, PPC–FA, and DF–FA award dollar to be paid by the CDFI Fund. If awarded, Applicants that do not demonstrate 100 percent In-Hand matching funds at the time of Application submission may experience a longer payment timeline. Unless waived by Congress, Base-FA, PPC–FA, and DF–FA awards will be made in comparable form and value to the eligible In-Hand and/or Committed matching funds submitted by the Applicant. • For example, if an Applicant provides documentation of eligible loan matching funds for $200,000 and eligible grant matching funds of $400,000, the CDFI Fund will obligate $200,000 of the FA award as a loan and $400,000 as a grant. • The CDFI Fund will not permit a Recipient to change the form of award from loan to grant. • The Applicant must receive eligible In-Hand matching funds between January 1, 2017 and January 15, 2020. • A Recipient must provide the CDFI Fund with all documentation demonstrating the receipt of In-Hand matching funds by January 31, 2020. • 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 requested award amount. • The form of the matching funds documented in the Application determines the form of the award. • Matching funds are Committed when the Applicant has entered into or received a legally binding commitment from the matching funds source showing that the matching funds will be disbursed to the Applicant at a future date. • The Application must provide information on their Committed matching funds in the Matching Funds section of the FA Application in AMIS (refer to Table 10—Required Application Documents) at the time of Application submission. • Although the Applicant is not required to provide further documentation for Committed matching funds at the time of Application submission (other than supporting documentation for retained earnings, which must be provided at the time of Application submission), it 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. • Matching funds must be from non-Federal sources. • Applicants cannot proffer matching funds that were accepted as matching funds for a prior Base-FA, PPC–FA, and/or DF–FA award under the CDFI Program, NACA Program, or under another Federal grant or award program. • Matching funds must comply with the Regulations. • Matching funds must be attributable to at least one of the five eligible FA activities (see Section II.(C) of this NOFA). • The CDFI Fund reserves the right to contact the matching funds source to discuss the matching funds and the documentation that the Applicant provided. • The CDFI Fund may grant an extension of the Matching Funds Window (defined in Table 9), on a caseby-case basis, if the CDFI Fund deems it appropriate. • The CDFI Fund reserves the right to rescind all or a portion of a Base-FA, PPC–FA, and/or DF–FA award and re-allocate the rescinded award amount to other qualified Applicant(s), if a 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 nonFederal third parties to the Applicant. • Third party in-kind contributions will be considered to be in the form of a grant for matching funds purposes. • Third party in-kind contributions may be in the form of real property, equipment, supplies, and other expendable property. The value of goods and services must directly benefit the eligible FA activities. Jkt 247001 PO 00000 Frm 00147 Fmt 4703 Sfmt 4703 E:\FR\FM\05APN1.SGM 05APN1 13772 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices TABLE 9—MATCHING FUNDS REQUIREMENTS *—Continued Matching funds in the form of a loan. Matching funds in the form of Equity Investments. Severe Constraints Waiver ............. Ineligible matching funds ................ Use of matching funds from a prior CDFI Program Recipient. Matching funds in the form of retained earnings. khammond on DSKBBV9HB2PROD with NOTICES Special rule for Insured Credit Unions and Insured Depository Institutions. VerDate Sep<11>2014 18:46 Apr 04, 2019 • 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 pursuant to the Uniform Requirements. • A Base-FA, PPC–FA, or DF–FA award made in the form of a loan will have the following standardized terms: i. 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 ii. A fixed interest rate of 3.00 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. • The CDFI Fund reserves the right, in its sole discretion, to perform its own valuation of Equity Investment source(s) and to determine if the equity value is acceptable to the CDFI Fund. • In the case of an Applicant demonstrating severe constraints on available sources of matching funds, the CDFI Fund, in its sole discretion, may provide a Severe Constraints Waiver, which permits 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. • No more than 25 percent of the total funds available for obligation under this funding round may qualify for a Severe Constraints Waiver. • 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 Base-FA, PPC–FA, and DF–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 in the form of a grant. • Depository Institution Holding Company Applicants must provide call reports for the Depository Institution Holding Company in order to verify their retained earnings, even if the requested FA award (including Base-FA, PPC–FA, and DF–FA) will support its Subsidiary CDFI Insured Depository Institution. • 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 (1) will be measured on a quarterly basis from March 31, 2019; (2) must occur by the end of Year 1 of the Recipient’s Performance Period, as set forth in its Assistance Agreement; and (3) 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 (including Base-FA, PPC–FA, and DF–FA) between December 31, 2017, and December 31, 2018. Jkt 247001 PO 00000 Frm 00148 Fmt 4703 Sfmt 4703 E:\FR\FM\05APN1.SGM 05APN1 13773 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices 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 that are being used as matching funds. • If option (iii) is used for Insured Depository Institutions or Depository Institution Holding Companies, the Applicant or its Subsidiary CDFI 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. Depository Institution Holding Company Applicants must use the call reports of the Subsidiary CDFI Insured Depository Institution that the requested FA award (including Base-FA, PPC–FA, and DF–FA) will support. • This increase (1) will be measured on a quarterly basis from March 31, 2019; (2) must occur by the end of Year 1 of the Recipient’s Performance Period, as set forth in its Assistance Agreement; and (3) will be based on amounts reported in the 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 (including Base-FA, PPC–FA, and DF–FA) between December 31, 2017, and December 31, 2018. • 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 that are being used as matching funds. • All regulated Applicants utilizing the option (iii) should refer to the Retained Earnings Guidance included in the Retained Earnings Calculator Excel Workbook found on the CDFI Fund’s website. * Unless Congress waived the matching funds requirement, the requirements set forth in Table 9 are applicable to NACA Program FA Applicants applying for Base-FA, PPC–FA, and DF–FA, and for HFFI–FA Applicants. The matching funds requirements for NACA Program FA Applicants and HFFI–FA Applicants were waived in the final FY 2019 appropriations, and therefore the requirements set forth in Table 9 are not applicable to NACA FA and HFFI–FA Applicants for the FY 2019 Funding Round. IV. Application and Submission Information A. Address to Request an Application Package: Application Materials can be found on the CDFI Fund’s website at www.cdfifund.gov/nativ. Applicants may request a paper version of any Application material by contacting the CDFI Fund Help Desk at cdfihelp@ cdfi.treas.gov. Paper versions of Application Materials will only be provided if an Applicant cannot access the CDFI Fund’s website. B. Content and Form of Application Submission: All Applications must be prepared using the English language, and calculations must be computed in U.S. dollars. The following table lists the Required Application Documents for the FY 2019 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. Financial data, portfolio, and activity information provided in the Application should only include the Applicant’s activities. Information submitted must accurately reflect the Applicant’s activities. khammond on DSKBBV9HB2PROD with NOTICES TABLE 10—REQUIRED APPLICATION DOCUMENTS Application documents Applicant type Submission format Active AMIS Account ........................................................ SF–424 ............................................................................. NACA Program Application Components: ........................ • Funding Application Detail. • Data, Charts, and Narrative sections as listed in AMIS and outlined in Application Materials. • Matching Funds (CDFI Program FA Core Applicants only). PPC–FA Application Components: ................................... • Funding Application Detail. • Narratives. • AMIS Charts. DF–FA Application Components: ..................................... • Funding Application Detail. • Narratives. • AMIS Charts. HFFI–FA Application Components: * ................................ • Requested HFFI–FA Amount. • Narratives and data charts. *HFFI–FA Application, including narratives and data charts, will be provided after FA Application submission if Applicant makes an HFFI–FA funding request in AMIS. All Applicants ................................................................... All Applicants ................................................................... All Applicants ................................................................... AMIS. Fillable PDF in Grants.gov. AMIS. PPC–FA Applicants ......................................................... AMIS. DF–FA Applicants ........................................................... AMIS. HFFI–FA Applicants ........................................................ —Must submit the HFFI–FA Application via Service Request in AMIS. HFFI–FA Applications must be associated with the Applicant’s FA Application in AMIS upon submission. AMIS. VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 PO 00000 Frm 00149 Fmt 4703 Sfmt 4703 E:\FR\FM\05APN1.SGM 05APN1 13774 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices TABLE 10—REQUIRED APPLICATION DOCUMENTS—Continued Application documents Applicant type Submission format ATTACHMENTS TO THE APPLICATION: Add to ‘‘Related Attachments’’ related list in Application Key Staff Resumes ........................................................... All Applicants ................................................................... Organizational Chart ......................................................... Audited Financial Statements For the Applicant’s Three Most Recent Historic Fiscal Years. All Applicants ................................................................... FA Applicants: Loan funds, venture capital funds, and other non-Insured Depository Institutions. TA Applicants, if available: Loan funds, venture capital funds, and other non-Insured Depository Institutions. FA Applicants: Loan funds, venture capital funds, and other non-Insured Depository Institutions. TA Applicants, if Audited Financial Statements are available: Loan funds, venture capital funds, and other non-Insured Depository Institutions. Management Letters for the Applicant’s Most Recent Historic Fiscal Year. The Management Letter is prepared by the Applicant’s auditor and is a communication on internal control over financial reporting, compliance, and other matters. The Management Letter contains the auditor’s findings regarding the Applicant’s accounting policies and procedures, internal controls, and operating policies, including any material weaknesses, significant deficiencies, and other matters identified during auditing. The Management Letter may include suggestions for improving on identified weaknesses and deficiencies and/or best practice suggestions for items that may not be considered to be weaknesses or deficiencies. The Management Letter may also include items that are not required to be disclosed in the annual Audited Financial Statements. The Management Letter is distinct from the auditor’s Opinion Letter, which is required by Generally Accepted Accounting Principles (GAAP). Management Letters are not required by GAAP, and are sometimes provided by the auditor as a separate letter from the Audit itself. Statement(s) in Lieu of Management Letter for Applicant’s Most Recent Historic Fiscal Year Issued by the Board Treasurer or other Board member using the template provided in the Application Materials (required only if Management Letters are not available for Audited Financial Statements). Unaudited Financial Statements for Applicant’s Three Most Recent Historic Years (required only if Audited Financial Statements are not available). Current Year to Date—December 31, 2018 Unaudited Financial Statements. Community Partnership Agreement ................................. Retained Earnings Calculator Excel Workbook (required only if using retained earnings as matching funds). Call reports for each fiscal year reported in the Retained Earnings Calculator. Equity Investment Matching Funds Documentation ......... khammond on DSKBBV9HB2PROD with NOTICES Deposits Matching Funds Documentation ........................ C. Application Submission: The CDFI Fund has a two-step process that requires the submission of Required Application Documents (listed in Table 10) on separate deadlines and locations. The SF–424 must be submitted through Grants.gov and all other Required Application Documents through the AMIS portal. The CDFI Fund will not accept Applications via email, mail, facsimile, or other forms of VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 PDF in AMIS. FA Applicants: Loan funds, venture capital funds, and other non-Insured Depository Institutions. TA Applicants, if Audited Financial Statements ARE available but the Management Letters are NOT available: Loan funds, venture capital funds, and other non-Insured Depository Institutions. TA Applicants: Loan funds, venture capital funds, and other non-Insured Depository Institutions. PDF in AMIS. FA and TA Applicants: Loan funds, venture capital funds, and other non-Insured Depository Institutions. FA Applicants, if applicable ............................................. PDF in AMIS. CDFI Program FA Core Applicants, if applicable ........... CDFI Program FA Core Applicants: Insured Depository Institutions that are using retained earnings as matching funds only. CDFI Program FA Core Applicants: For-profit CDFIs that are using In-Hand Equity Investment(s) as matching funds. CDFI Program FA Core Applicants: Insured Depository Institutions that are using In-Hand Deposits as matching funds. communication, except in extremely rare circumstances that have been preapproved in writing by the CDFI Fund. Applicants are required to submit the OMB SF–424, Application for Federal Assistance form in Grants.gov. All other Required Application Documents (listed in Table 10) will be submitted through AMIS. The deadline for submitting the SF–424 is listed in Tables 1 and 12. PO 00000 PDF or Word document in AMIS. PDF in AMIS. PDF in AMIS. Frm 00150 Fmt 4703 Sfmt 4703 PDF in AMIS. PDF or Word document in AMIS. Excel in AMIS. PDF in AMIS. PDF or Word document in AMIS. PDF or Word document in AMIS. All Applicants must register in the Grants.gov system to successfully submit the SF–424. The Grants.gov registration process can take 45 days or longer to complete and 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). Since the Grants.gov registration process requires Applicants E:\FR\FM\05APN1.SGM 05APN1 13775 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices to have DUNS and EIN numbers, Applicants without these required numbers should allow for additional time to complete the Grants.gov registration process. Further, as described in Section IV.(E) of this NOFA, new requirements for registration in the System for Awards Management (SAM), which is required as part of the Grants.gov registration process, may take more time than in recent years. The CDFI Fund will not extend the Application deadline for any Applicant that started the Grants.gov registration process but did not complete it by the deadline. An Applicant that has previously registered with Grants.gov must verify that its registration is current and active. 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. Each Application must be signed by a designated Authorized Representative in AMIS before it can be submitted. Applicants must ensure that an Authorized Representative is authorized to sign legal documents on behalf of the organization. Consultants working on behalf of the organization may not be designated as Authorized Representatives. Only a designated Authorized Representative or Application Point of Contact, included in the Application, may submit the Application in AMIS. If an Authorized Representative or Application Point of Contact does not submit the Application, the Application will be deemed ineligible. D. Dun & Bradstreet Universal Numbering System (DUNS): Pursuant to the Uniform 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. 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. Registration in SAM is required as part of the Grants.gov registration process. The SAM registration process may take one month or longer to complete. A signed notarized letter identifying the SAM authorized entity administrator for the entity associated with the DUNS number is required. This requirement is applicable to new entities registering in SAM, as well as to existing entities with registrations being updated or renewed in SAM. Applicants without DUNS and/ or EIN numbers should allow for additional time as an Applicant cannot register in SAM without those required numbers. 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 the SF–424 in Grants.gov or Application in AMIS by the applicable Application deadlines. These restrictions also apply to organizations that have not yet received a DUNS or EIN number. Applicants must contact SAM directly with questions related to registration or SAM account changes as the CDFI Fund does not maintain this system and has no ability to make changes or correct errors of any kind. For more information about SAM, visit https://www.sam.gov. TABLE 11—GRANTS.GOV REGISTRATION TIMELINE SUMMARY Estimated minimum time to complete Step Agency Obtain a DUNS number ......................................................... Obtain an EIN Number ........................................................... Register in SAM.gov ............................................................... Register in Grants.gov ............................................................ Dun & Bradstreet ................................................................... Internal Revenue Service (IRS) ............................................. System for Award Management (SAM.gov) .......................... Grants.gov .............................................................................. One (1) Week. * Two (2) Weeks. * Four (4) Weeks. * One (1) Week. ** * Applicants are advised that the stated durations are estimates only and represent minimum timeframes. Actual timeframes may take longer. The CDFI Fund will not consider any Applicant that fails to properly register or activate its SAM account, has not yet received a DUNS or EIN number, and/or fails to properly register in Grants.gov. ** This estimate assumes an Applicant has a DUNS number, an EIN number, and is already registered in SAM.gov. F. Submission Dates and Times: 1. Submission Deadlines: The following table provides the critical deadlines for the FY 2019 Funding Round. khammond on DSKBBV9HB2PROD with NOTICES TABLE 12—FY 2019 FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS Description Deadline Time eastern time (ET) Last day to contact Certification, Compliance Monitoring and Evaluation (CCME) staff regarding CDFI Certification. CDFI certification applications ................................... Create AMIS Account (New Applicants) ................... SF–424 (Application for Federal Assistance) ............ Last day to contact NACA Program staff .................. May 1, 2019 ..... 11:59 p.m ......... Service Request via AMIS. May 3, 2019 ..... May 3, 2019 ..... May 3, 2019 ..... June 4, 2019 .... 11:59 p.m ......... 11:59 p.m ......... 11:59 p.m ......... 5:00 p.m ........... June 6, 2019 .... 5:00 p.m ........... Electronically via AMIS. AMIS. Electronically via Grants.gov. Service Request via AMIS or CDFI Fund Helpdesk: 202–653–0421. Service Request via AMIS or 202–653–0422 or AMIS@cdfi.treas.gov. Last day to contact AMIS–IT Help Desk (regarding AMIS technical problems only). VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 PO 00000 Frm 00151 Fmt 4703 Sfmt 4703 Submission method E:\FR\FM\05APN1.SGM 05APN1 13776 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices khammond on DSKBBV9HB2PROD with NOTICES TABLE 12—FY 2019 FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS—Continued Description Deadline Time eastern time (ET) NACA Program Application for FA or TA .................. June 6, 2019 .... 11:59 p.m ......... 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 by the applicable deadline. All other Required Application Documents (listed in Table 10) must be submitted through the AMIS website by the applicable deadline. Applicants must submit the SF–424 prior to submitting the Application in AMIS. If the SF–424 is not successfully accepted by Grants.gov by the deadline, the CDFI Fund will not review the Application submitted in AMIS, and the Application will be deemed ineligible. a. Grants.gov Submission Information: Each Applicant will receive an email from Grants.gov immediately after submitting the SF–424 confirming that the submission has entered the Grants.gov system. This email will contain a tracking number for the submitted SF–424. Within 48 hours, the Applicant will receive a second email, which will indicate if the submitted SF– 424 was either successfully validated or rejected with errors. However, Applicants should not rely on the email notification from Grants.gov to confirm that their SF–424 was validated. Applicants are strongly encouraged to use the tracking number provided in the first email to closely monitor the status of their SF–424 by contacting the helpdesk at Grants.gov directly. The Application material submitted in AMIS is not officially accepted by the CDFI Fund until Grants.gov has validated the SF–424. b. AMIS Submission Information: AMIS is a web-based portal where Applicants will directly enter their Application information and add the 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 Applicants to allow for sufficient time to review and complete all Required Application Documents listed in Table 10, and remedy any issues prior to the VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 Submission method Electronically via AMIS. Application deadline. Each Application must be signed by an Authorized Representative in AMIS before it can be submitted. Applicants must ensure that the Authorized Representative is authorized to sign legal documents on behalf of the organization. Consultants working on behalf of the organization may not be designated as Authorized Representatives. Only an Authorized Representative or an Application Point of Contact may submit an Application. If an Authorized Representative or Application Point of Contact does not submit the Application, the Application will be deemed ineligible. Applicants may only submit one Base-FA or TA Application under the NACA Program. 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 if the SF–424 is not submitted and accepted by Grants.gov by the SF–424 deadline. Additionally, the CDFI Fund will not accept an Application if it is not signed by an Authorized Representative and submitted in AMIS by the Application deadline. In either case, the CDFI Fund will not review any material submitted, and the Application will be deemed ineligible. However, in cases where a Federal government administrative or technological error directly resulted in a late submission of the SF–424 or the Application, Applicants are provided two opportunities to submit a written request for acceptance of late submissions. The CDFI Fund will not consider the late submission of the SF– 424 or the Application that was a direct result of a delay in a Federal Government process, unless such delay was the result of a Federal government administrative or technological error. a. SF–424 Late Submission: In cases where a Federal government administrative or technological error directly resulted in the late submission of the SF–424, the Applicant must submit a written request for acceptance of the late SF–424 submission and include documentation of the error no later than two business days after the SF–424 deadline. The CDFI Fund will not respond to requests for acceptance PO 00000 Frm 00152 Fmt 4703 Sfmt 4703 of late SF–424 submissions after that time period. Applicants must submit late SF–424 submission requests to the CDFI Fund via an AMIS service request to the NACA Program with a subject line of ‘‘Late SF–424 Submission Request.’’ b. Application Late Submission: In cases where a Federal government administrative or technological error directly resulted in a late submission of the Application in AMIS, the Applicant must submit a written request for acceptance of the 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 requests 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 NACA Program with a subject line of ‘‘Late Application Submission Request.’’ G. Funding Restrictions: Base–FA, PPC–FA, DF–FA, HFFI–FA and TA awards are limited by the following: 1. Base-FA awards: a. A Recipient shall use Base-FA funds only for the eligible activities described in Section II.(C)(1) of this NOFA and its Assistance Agreement. b. With the exception of Depository Institution Holding Company Applicants, Base-FA awards may not be used to support the activities of, or otherwise be passed through, transferred, or co-awarded to, thirdparty entities, whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar transaction, and with the CDFI Fund’s prior written consent. c. Base-FA funds shall only be paid to the Recipient. d. The CDFI Fund, in its sole discretion, may pay Base-FA funds in amounts, or under terms and conditions, which are different from those requested by an Applicant. e. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301–8303, with respect to any Direct Costs. 2. PPC–FA awards: a. A Recipient shall use PPC–FA funds only for the eligible activities E:\FR\FM\05APN1.SGM 05APN1 khammond on DSKBBV9HB2PROD with NOTICES Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices described in Section II.(C)(5) of this NOFA and its Assistance Agreement. b. With the exception of Depository Institution Holding Company Applicants, PPC–FA awards may not be used to support the activities of, or otherwise be passed through, transferred, or co-awarded to, thirdparty entities, whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar transaction, and with the CDFI Fund’s prior written consent. c. PPC–FA funds shall only be paid to the Recipient. d. The CDFI Fund, in its sole discretion, may pay PPC–FA funds in amounts, or under terms and conditions, which are different from those requested by an Applicant. e. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301–8303, with respect to any Direct Costs. 3. DF–FA awards: a. A Recipient shall use DF–FA funds only for the eligible activities described in Section II.(C)(2) of this NOFA and its Assistance Agreement. b. With the exception of Depository Institution Holding Company Applicants, DF–FA awards may not be used to support the activities of, or otherwise be passed through, transferred, or co-awarded to, thirdparty entities, whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar transaction, and with the CDFI Fund’s prior written consent. c. DF–FA funds shall only be paid to the Recipient. d. The CDFI Fund, in its sole discretion, may pay DF–FA funds in amounts, or under terms and conditions, which are different from those requested by an Applicant. e. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301–8303, with respect to any Direct Costs. 2. HFFI–FA awards: a. A Recipient shall use HFFI–FA funds only for the eligible activities described in Section II.(C)(4) of this NOFA and its Assistance Agreement. b. With the exception of Depository Institution Holding Company Applicants, HFFI–FA awards may not be used to support the activities of, or otherwise be passed through, transferred, or co-awarded to, thirdparty entities, whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar transaction, and with the CDFI Fund’s prior written consent. c. HFFI–FA funds shall only be paid to the Recipient. VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 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. e. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301–8303, with respect to any Direct Costs. 3. TA grants: a. A Recipient shall use TA funds only for the eligible activities described in Section II.(C)(3) 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. With the exception of Depository Institution Holding Company Applicants, TA awards may not be used to support the activities of, or otherwise be passed through, transferred, or coawarded to, third-party entities, whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar transaction, and with 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. f. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301–8303, with respect to any Direct Costs. 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 Requirements. The CDFI Fund reserves the right to contact the Applicant by telephone, email, or mail for the purpose of clarifying or confirming Application information. If contacted, the Applicant must respond within the time period communicated by the CDFI Fund or risk that its Application will be rejected. The CDFI Fund will review the Base-FA, DF–FA, PPC–FA, HFFI–FA, and TA Applications in accordance with the process below. All internal and PO 00000 Frm 00153 Fmt 4703 Sfmt 4703 13777 external reviewers will 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 website. 1. Base-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 the partnership in the Application pursuant to the requirements set forth in Table 8, and will be evaluated in accordance with the review process described below. a. Step 1: Eligibility Review: The CDFI Fund will evaluate each Application to determine its eligibility status pursuant to Section III of this NOFA. b. Step 2: Financial Analysis and Compliance Risk Evaluation: Step 2 contains two main components: Financial Analysis and Compliance Risk Evaluation. i. Step 2: Financial Analysis: For Insured Depository Institutions, the CDFI Fund will consider financial safety and soundness information from the Appropriate Federal or State Banking Agency. As detailed in Table 8, each Insured Depository Institution FA Applicant must have a CAMELS/ CAMEL rating of at least ‘‘3’’ and/or no significant materials concerns from its regulator. For non-regulated Applicants, the CDFI Fund will evaluate the financial health and viability of each nonregulated Applicant using financial information provided by the Applicant. The CDFI Fund will also evaluate the compliance risk of each non-regulated Applicant using information provided in the Application as well as an Applicant’s reporting history, reporting capacity, and performance risk with respect to the CDFI Fund’s Performance Goals and Measures (PG&Ms). For the Financial Analysis, each non-regulated Applicant will receive a Total Financial Composite Score on a scale of one (1) to five (5), with one (1) being the highest rating. The Total Financial Composite Score is based on the analysis of twentythree (23) financial indicators. 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 an initial Total Financial Composite Score of four (4) or five (5) will be re-evaluated and re-scored by CDFI Fund staff. If the E:\FR\FM\05APN1.SGM 05APN1 13778 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices Total Financial Composite Score remains four (4) or five (5) after CDFI Fund staff review, the Applicant will not advance to Step 3. ii. Step 2: Compliance Risk Evaluation: For the compliance analysis, the CDFI Fund will evaluate the compliance risk of each Applicant using information provided in the Application as well as an Applicant’s reporting history, reporting capacity, and performance risk with respect to the CDFI Fund’s PG&Ms. Each Applicant will receive a Total Compliance Composite Score on a scale of one (1) to five (5), with one (1) being the highest rating. Applicants that receive an initial Total Compliance Composite Score of four (4) or five (5) will be re-evaluated by CDFI Fund Staff. If the Applicant is deemed a high compliance risk after CDFI Fund Staff review, the Applicant will not advance to Step 3. c. Step 3: Business Plan Review: Applicants that proceed to Step 3 will be evaluated on the soundness of its comprehensive business plan. Two external non-CDFI Fund Reviewers will conduct the Step 3 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 that is either (1) equal to receiving a point score equivalent to a ‘‘Good’’ out of a ranking scale in descending order of Excellent, Good, Fair, Limited or Poor, in each section listed in Table 13, or (2) within the top 70 percent of the NACA FA Applicant pool, whichever is greater. In the case of tied Total Business Plan Scores that would prevent an Applicant from moving to Step 4, all Applicants with the same score will progress to Step 4. TABLE 13—STEP 3: BASE-FA BUSINESS PLAN REVIEW SCORING CRITERIA Base-FA application sections Possible score Executive Summary ........................................... Business Strategy .............................................. Market and Competitive Analysis ....................... Products and Services ....................................... Management and Track Record ......................... Growth and Projections ...................................... Not Scored ....................................................... 12 ..................................................................... 7 ....................................................................... 12 ..................................................................... 12 ..................................................................... 7 ....................................................................... N/A N/A. N/A. N/A. N/A. N/A. Total Business Plan Score .......................... 50 ..................................................................... NACA Applicants: Top 70 percent of all NACA Applicant Step 3 Scores. d. Step 4: Policy Objective Review: The CDFI Fund internal reviewers will evaluate each Application to determine its ability to meet policy objectives of the CDFI Fund. The policy objectives considered in this evaluation are listed in Table 14 below. The CDFI Fund also conducts a due diligence review for Applications that includes an analysis of programmatic risk factors including, Score needed to advance but not limited to: History of performance in managing Federal awards (including timeliness of reporting and compliance); ability to meet FA Objective(s) selected by BaseFA Applicants in their Applications; reports and findings from audits; and the Applicant’s ability to effectively implement Federal requirements, each of which could impact the Total Policy Objective Review Score. Each Applicant will be evaluated in each of the categories listed in Table 14, and will receive a Total Policy Objective Review Composite 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. khammond on DSKBBV9HB2PROD with NOTICES TABLE 14—STEP 4: BASE-FA POLICY REVIEW SCORING CRITERIA Score needed to advance Section Possible scores Economic Distress ............................................................................................... Economic Opportunities ....................................................................................... Community Collaboration .................................................................................... 1, 2, 3, 4, or 5 ........... 1, 2, 3, 4, or 5 ........... 1, 2, 3, 4, or 5 ........... 1 1 1 N/A. N/A. N/A. Total Policy Objective Review Composite Score ......................................... 1, 2, 3, 4, or 5 ........... 1 All Scores Advance. 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 other factors, 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 VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 Applicants when making its funding decisions. 2. Healthy Food Financing InitiativeFA (HFFI–FA) Application Scoring, Award Selection, Review, and Selection Process: A CDFI Fund internal reviewer will evaluate each HFFI–FA Application associated with a Base-FA Application that progresses to Step 4 of the FA Application review process. The reviewer will evaluate the Application sections listed in Table 15 and assign a Total HFFI–FA Score up to 60 points. The CDFI Fund will make awards to the PO 00000 Frm 00154 Fmt 4703 Sfmt 4703 High score highest scoring Applicants first. All Applications will be reviewed in accordance with standard reviewer evaluation materials. Applicants that fail to receive a Base-FA award will not be considered for a HFFI–FA award. The CDFI Fund conducts additional levels of due diligence for Applications that are in contention for an HFFI–FA 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 E:\FR\FM\05APN1.SGM 05APN1 13779 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices 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 but not limited to, an Applicant’s loan disbursement activity or total portfolio outstanding. Lastly, the CDFI Fund may consider the geographic diversity of Applicants when making its funding decisions. TABLE 15—STEP 4 HFFI–FA APPLICATION SCORING CRITERIA Possible score (points) Sections Target Market Profile ........................................................................................................................................................................... Healthy Food Financial Products ........................................................................................................................................................ Projected HFFI–FA Activities and HFFI Track Record ....................................................................................................................... Management Capacity for Providing Healthy Food Financing ............................................................................................................ 20 20 15 5 Total HFFI–FA Possible Score ..................................................................................................................................................... 60 3. Persistent Poverty Counties— Financial Assistance (PPC–FA) Application Scoring, Award Selection, Review, and Selection Process: A CDFI Fund internal reviewer will evaluate the PPC–FA request of each associated Base-FA Application that progresses to Step 4 of the FA Application review process. PPC–FA requests are not scored. PPC–FA award amounts will be determined based on the total number of eligible Applicants and funding availability, the Applicant’s requested amount, and on certain factors, including but not limited to, an Applicant’s overall portfolio size, historical track record of deployment in PPC, pipeline of projects in PPC, minimum award size, and funding availability. Applicants that fail to receive a Base-FA award will not be considered for a PPC–FA award. 4. Disability Funds-Financial Assistance (DF–FA) Application Scoring, Award Selection, Review, and Selection Process: A CDFI Fund internal reviewer will evaluate each DF–FA Application associated with a Base-FA Application that progresses to Step 4 of the FA Application review process. The reviewer will evaluate the Application and assign a Total DF–FA Score on a scale of one (1) to three (3), with one (1) being the highest score. Applicants are then grouped according to Total DF–FA Score. All Applications will be reviewed in accordance with standard reviewer evaluation materials. Applicants that fail to receive a Base-FA award will not be considered for a DF– FA award. Award amounts will be determined on the basis of the Total DF–FA Score, the Applicant’s requested amount, and on certain factors, 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. The CDFI Fund will make awards to the highest scoring Applicants first. TABLE 16—STEP 3 DF–FA APPLICATION SCORING CRITERIA Possible scores khammond on DSKBBV9HB2PROD with NOTICES Section High score DF–FA Narrative Questions .................................................................................................................................... 1, 2, or 3 1 Total DF–FA Score ........................................................................................................................................... 1, 2, or 3 1 5. Technical Assistance (TA) Application Scoring, Award Selection, Review, and Selection Process: The CDFI Fund will evaluate each Application to determine its eligibility pursuant to Section III of this NOFA. If the Application satisfies the eligibility criteria, the CDFI Fund will evaluate the TA Application. Sponsoring Entity, Emerging CDFI or Certifiable CDFI Applicants must receive a rating of Low Risk or Medium Risk in Section I of the TA Business Plan Review to progress to Section II of the TA Business Plan Review. Sponsoring Entity, Emerging CDFI or Certifiable CDFI Applicants that receive a rating of High Risk in Section I of the TA Business Plan Review will not be considered for an award. Sponsoring Entity, Emerging CDFI, Certifiable CDFI, and Certified CDFI VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 Applicants must receive a rating of Low Risk or Medium Risk in Section II of the TA Business Plan Review to be considered for an award. Applicants that receive a rating of High Risk in Section II of the TA Business Plan Review will not be considered for an award. An Applicant that is a Certified CDFI will be evaluated 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 evaluated 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 PO 00000 Frm 00155 Fmt 4703 Sfmt 4703 Agreement. An Applicant that is an Emerging CDFI and Certifiable CDFI will also be evaluated 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 CDFI’s capacity and further its strategic goals. The CDFI Fund will rate each part of the TA Business Plan Review as indicated in Table 17. E:\FR\FM\05APN1.SGM 05APN1 13780 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices TABLE 17—TA BUSINESS PLAN REVIEW Business Plan Review component Applicant type Section I: Primary Mission ........................................... Financing Entity ........................................... Target Market .............................................. Accountability .............................................. Development Services ................................ Section II: Target Market Needs & Strategy ................ Organizational Capacity .............................. khammond on DSKBBV9HB2PROD with NOTICES Management Capacity ................................ Each TA Application will be evaluated by one internal CDFI Fund reviewer. All Applications will be reviewed in accordance with CDFI Fund standard reviewer evaluation materials for the Business Plan Review. The CDFI Fund conducts additional levels of due diligence for Applications that are in 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. The CDFI Fund will also evaluate the compliance risk of each Applicant using information provided in the Application as well as an Applicant’s reporting history, reporting capacity, and performance risk with respect to the CDFI Fund’s PG&Ms. Each Applicant will receive a Total Compliance Composite Score on a scale of one (1) to five (5), with one (1) being the highest rating. Applicants that receive an initial Total Compliance Composite Score of four (4) or five (5) will be re-evaluated by CDFI Fund Staff. If the Applicant is deemed a high compliance risk after CDFI Staff review, the Applicant will not be considered for an award. The CDFI Fund will also evaluate the Applicant’s ability to meet certification criteria of being a legal entity and a nongovernment entity. Award amounts may be reduced as a result of the due diligence analysis in addition to consideration of the eligibility of an Applicant’s funding request and similar factors. Lastly, the CDFI Fund may consider the geographic diversity of VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 Sponsoring Entity, Applicants. Sponsoring Entity, Applicants. Sponsoring Entity, Applicants. Sponsoring Entity, Applicants. Sponsoring Entity, Applicants. Ratings Emerging, and Certifiable Emerging, and Certifiable Emerging, and Certifiable Emerging, and Certifiable Emerging, and Certifiable Sponsoring Entity, Emerging, Certifiable, and Certified Applicants. Sponsoring Entity, Emerging, Certifiable, and Certified Applicants. Sponsoring Entity, Emerging, Certifiable, and Certified Applicants. Applicants when making its funding decisions. 6. 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 Certified CDFI Subsidiary Insured Depository Institution that will expend and carry out the award. If the Appropriate Federal or State Banking Agency identifies safety and soundness concerns, the CDFI Fund will assess whether such concerns cause or will cause the Applicant to be incapable of undertaking the activities for which funding has been requested. 7. Non-Regulated Institutions: The CDFI Fund must ensure, to the maximum extent practicable, that Recipients which 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 that 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 NACA Program award announcement before December 31, 2019. However, the PO 00000 Frm 00156 Low Risk, Medium Risk, or High Risk. Fmt 4703 Sfmt 4703 Low Risk, Medium Risk, or High Risk. anticipated award announcement date is subject to change without notice. C. Application Rejection: The CDFI Fund reserves the right to reject an Application if information (including administrative errors) comes to the CDFI Fund’s attention that: 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 website. The CDFI Fund’s award decisions are final, and there is no right to appeal 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 website. E:\FR\FM\05APN1.SGM 05APN1 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices VI. Federal Award Administration Information A. Award Notification: Each successful Applicant will receive an email ‘‘notice of award’’ notification from the CDFI Fund stating that its Application has been approved for an award. Each Applicant not selected for an award will receive an email stating that a debriefing notice has been provided in its AMIS account. B. Assistance Agreement: Each Applicant selected to receive an award must enter into an Assistance Agreement with the CDFI Fund in order to receive a payment(s). The Assistance Agreement will set forth the award’s terms and conditions, including but not be limited to the: (i) Award amount; (ii) award type; (iii) award uses; (iv) eligible use of funds; (v) performance goals and measures; and (vi) reporting requirements. FA Assistance Agreements have three-year periods of performance. TA Assistance Agreements have two-year periods of performance for Certified CDFIs, three-year periods of performance for Emerging CDFIs or Certifiable CDFIs, 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 jurisdiction of formation prior to closing. This certificate can often be acquired online on the secretary of state website for the Recipient’s jurisdiction of formation and must generally be dated within 180 days prior to 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 announcement. The CDFI Fund reserves the right to increase the first payment amount on any award to ensure that any subsequent payments are greater than $25,000 for FA and $5,000 for TA awards. The CDFI Fund will minimize the time between the Recipient incurring costs for eligible activities and award payment in accordance with the Uniform Requirements. 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 13781 payments. Any documentation in addition to the Assistant Agreement that is 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 errors) 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 in the Uniform Requirements; the Recipient has failed to execute and return a prior round Assistance Agreement to the CDFI Fund within the CDFI Fund’s deadlines; 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 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 18—REQUIREMENTS PRIOR TO EXECUTING AN ASSISTANCE AGREEMENT Requirement Criteria Failure to meet reporting requirements. khammond on DSKBBV9HB2PROD with NOTICES Failure to maintain CDFI Certification. Pending resolution of noncompliance. VerDate Sep<11>2014 20:19 Apr 04, 2019 If a Recipient received a prior award under any CDFI Fund program and is not in compliance with the reporting requirements of the previously executed agreement(s), the CDFI Fund may delay entering into an Assistance Agreement or disbursing an award until such reporting requirements are met. If the Recipient is unable to meet the requirement(s) within the timeframe specified by the CDFI Fund, 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 and are 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. • If TA Recipient is a Certified CDFI at the time of award announcement, it must maintain CDFI Certification. • If a Certified CDFI TA 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 with any of its previously executed CDFI 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. Jkt 247001 PO 00000 Frm 00157 Fmt 4703 Sfmt 4703 E:\FR\FM\05APN1.SGM 05APN1 13782 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices TABLE 18—REQUIREMENTS PRIOR TO EXECUTING AN ASSISTANCE AGREEMENT—Continued Requirement Criteria Noncompliance status ..................... • If, at any time prior to entering into an Assistance Agreement, the CDFI Fund determines that a Recipient is noncompliant with any previously executed CDFI award agreement(s) 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 may delay entering into an Assistance Agreement until the Recipient has cured the noncompliance by taking actions the CDFI Fund has specified within such specified timeframe. If the Recipient is unable to cure the noncompliance 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 in 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. Compliance with Federal civil rights requirements. Do Not Pay ..................................... Safety and soundness .................... C. Reporting 1. Reporting requirements: On an annual basis during the Period of Performance, the CDFI Fund may collect information from each Recipient including, but not limited to, an Annual Report with the following components (Annual Reporting Requirements): TABLE 19—ANNUAL REPORTING REQUIREMENTS Financial Statement Audit Report (Non-profit Recipient including Insured Credit Unions). Financial Statement Audit Report (For-Profit Recipient). Financial Statement Audit Report (DIHC and Insured Depository Institution). Single Audit Report (Non-Profit Recipients, if applicable). Transaction Level Report (TLR) ..... khammond on DSKBBV9HB2PROD with NOTICES Uses of Award Report .................... Shareholders Report ....................... Performance Progress Report ........ Financial Statement Audit Report (Sponsoring Entities). A Non-profit Recipient (including Insured Credit Unions) must submit a Financial Statement Audit (FSA) report in AMIS, along with the Recipient’s statement of financial condition audited or reviewed by an independent certified public accountant, if any are prepared. Under no circumstances should this be construed as the CDFI Fund requiring the Recipient to conduct or arrange for additional audits not otherwise required under Uniform Requirements or otherwise prepared at the request of the Recipient or parties other than the CDFI Fund. For-profit Recipients must submit a FSA report in AMIS, along with the Recipient’s statement of financial condition audited or reviewed by an independent certified public accountant. If the Recipient is a Depository Institution Holding Company or an Insured Depository Institution, it must submit a FSA report in AMIS. A non-profit Recipient must complete an annual Single Audit pursuant to the Uniform Requirements (2 CFR 200.500) if it expends $750,000 or more in Federal awards in its fiscal year, or such other dollar threshold established by OMB pursuant to 2 CFR 200.500. If a Single Audit is required, it must be submitted electronically to the Federal Audit Clearinghouse (FAC) (see 2 CFR subpart F—Audit Requirements in the Uniform Requirements) and optionally through AMIS. The Recipient must submit a TLR to the CDFI Fund through AMIS. If the Recipient is a Depository Institution Holding Company that deploys all or a portion of its Financial Assistance through its Subsidiary CDFI Insured Depository Institution, that Subsidiary CDFI Insured Depository Institution must also submit a TLR. Furthermore, if the Depository Institution Holding Company itself deploys any portion of the Financial Assistance, the Depository Institution Holding Company must submit a TLR. The TLR is not required for TA Recipients. The Recipient must submit the Uses of Award Report to the CDFI Fund in 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, 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. The Shareholders Report is submitted through AMIS. The Recipient must submit the Performance Progress Report through AMIS. A Sponsoring Entity must submit a FSA report in AMIS, along with a statement of financial condition audited or reviewed by an independent certified public accountant, if any are prepared. Under no circumstances should this be construed as the CDFI Fund requiring the Sponsoring Entity to conduct or arrange for additional audits not otherwise required under Uniform Requirements or otherwise prepared at the request of the Sponsoring Entity or parties other than the CDFI Fund. Each Recipient is responsible for the timely and complete submission of the VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 Annual Reporting Requirements. Sponsoring Entities with co-awardees PO 00000 Frm 00158 Fmt 4703 Sfmt 4703 will be informed of any reporting shifts at the time the Emerging CDFI is E:\FR\FM\05APN1.SGM 05APN1 13783 Federal Register / Vol. 84, No. 66 / Friday, April 5, 2019 / Notices 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/or documentation. The CDFI Fund will use such information to monitor each Recipient’s compliance with the requirements of 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 the CDFI Fund to ensure compliance with the terms and conditions of the NACA Program, including the tracing of funds to a level of expenditures adequate to establish that such funds have been used in accordance with 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 appropriate 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 Time, starting on the date that the NOFA is published through the date listed in Table 1 and Table 12. The CDFI Fund strongly recommends Applicants submit questions to the CDFI Fund via an AMIS service request to the NACA Program, Certification, Compliance Monitoring and Evaluation Unit, or IT Help Desk. The CDFI Fund will post on its website responses to reoccurring questions received about the NOFA and Application. Other information regarding the CDFI Fund and its programs may be obtained from the CDFI Fund’s website at https:// www.cdfifund.gov. Table 20 lists CDFI Fund contact information: khammond on DSKBBV9HB2PROD with NOTICES TABLE 20—CONTACT INFORMATION Type of question Preferred method Telephone number (not toll free) NACA Program .............................. CCME ............................................ AMIS—IT Help Desk ...................... Service Request via AMIS ........... Service Request via AMIS ........... Service Request via AMIS ........... 202–653–0421, option 1 ............... 202–653–0423 .............................. 202–653–0422 .............................. B. Information Technology Support: For IT assistance, the preferred method of contact is to submit a Service Request within AMIS. For the Service Request, select ‘‘Technical Issues’’ from the Program dropdown menu of the Service Request. People who have visual or mobility impairments that prevent them from using the CDFI Fund’s website 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 the 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), 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 VerDate Sep<11>2014 18:46 Apr 04, 2019 Jkt 247001 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 PO 00000 Frm 00159 Fmt 4703 Sfmt 4703 Email addresses cdfihelp@cdfi.treas.gov. ccme@cdfi.treas.gov. AMIS@cdfi.treas.gov. 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. The DF–FA Application has been assigned the following control number: 1559–0048. The HFFI–FA Application has been assigned the following control number: 1559–0040. 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, visit the CDFI Fund’s website at https:// www.cdfifund.gov. Authority: 12 U.S.C. 4701, et seq; 12 CFR parts 1805 and 1815; 2 CFR part 200. Jodie L. Harris, Director, Community Development Financial Institutions Fund. [FR Doc. 2019–06623 Filed 4–4–19; 8:45 am] BILLING CODE 4810–70–P E:\FR\FM\05APN1.SGM 05APN1

Agencies

[Federal Register Volume 84, Number 66 (Friday, April 5, 2019)]
[Notices]
[Pages 13761-13783]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06623]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Funding Opportunity Title: Notice of Funds Availability (NOFA) 
Inviting Applications for Financial Assistance (FA) Awards or Technical 
Assistance (TA) Grants Under the Native American CDFI Assistance (NACA 
Program) Fiscal Year (FY) 2019 Funding Round

    Announcement Type: Announcement of funding opportunity.
    Funding Opportunity Number: CDFI-2019-NACA.

    Catalog of Federal Domestic Assistance (CFDA) Number: 21.012.

    Dates:

                  Table 1--FY 2019 NACA Program Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
           Description                      Deadline             Time (eastern time--ET)      Submission method
----------------------------------------------------------------------------------------------------------------
Last day to contact                May 1, 2019..............  11:59 p.m....................  Service Request via
 Certification, Compliance                                                                    Award Management
 Monitoring and Evaluation (CCME)                                                             Information System
 staff regarding CDFI                                                                         (AMIS).
 Certification.
CDFI certification applications..  May 3, 2019..............  11:59 p.m....................  Electronically via
                                                                                              AMIS.

[[Page 13762]]

 
Create AMIS Account (New           May 3, 2019..............  11:59 p.m....................  AMIS.
 Applicants).
SF-424 (Application for Federal    May 3, 2019..............  11:59 p.m....................  Electronically via
 Assistance).                                                                                 Grants.gov.
Last day to contact NACA Program   June 4, 2019.............  5:00 p.m.....................  Service Request via
 staff.                                                                                       AMIS or CDFI Fund
                                                                                              Helpdesk: 202-653-
                                                                                              0421.
Last day to contact AMIS-IT Help   June 6, 2019.............  5:00 p.m.....................  Service Request via
 Desk (regarding AMIS technical                                                               AMIS or 202-653-
 problems only).                                                                              0422 or
                                                                                              [email protected].
NACA Program Application for       June 6, 2019.............  11:59 p.m....................  AMIS.
 Financial Assistance (FA) or
 Technical Assistance (TA).
----------------------------------------------------------------------------------------------------------------

    Executive Summary: Through the NACA Program, the Community 
Development Financial Institutions (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 
Eligible Markets and/or their Target Markets, and (ii) TA grants of up 
to $150,000 to build Certified, Certifiable, and Emerging CDFIs' 
organizational capacity to serve Eligible Markets and/or 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 (Pub. L. 
103-325, 12 U.S.C. 4701 et seq.) (Authorizing Statute) 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 $3 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 $54 billion in tax credit allocation authority 
through the New Markets Tax Credit Program (NMTC Program) and has 
guaranteed more than $1.5 billion in bonds for 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 CDFIs. These 
organizations, certified as CDFIs by the CDFI Fund, serve Native 
Communities.
    C. Program Regulations: The regulations governing the NACA 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 NACA 
Program Application for Financial Assistance or Technical Assistance 
(the Application); all related materials and guidance documents found 
on the CDFI Fund's website (Application Materials); and the Uniform 
Administrative Requirements, Cost Principles, and Audit Requirements 
for Federal Awards (2 CFR 200; 78 FR 78590) (the Uniform 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, Application Materials, or the Uniform 
Requirements. Details regarding Application content requirements are 
found in the Application and related Application Materials.
    D. Uniform Administrative Requirements, Cost Principles, and Audit 
Requirements for Federal Awards (2 CFR 200): The Uniform Requirements 
codify financial, administrative, procurement, and program management 
standards that Federal award agencies must follow. When evaluating 
award Applications, awarding agencies must evaluate the risks to the 
program posed by each Applicant, and each Applicant's merits and 
eligibility. These requirements are designed to ensure that Applicants 
for Federal assistance receive a fair and consistent review prior to an 
award decision. This review will assess items such as the Applicant's 
financial stability, quality of management systems, the soundness of 
its business plan, history of performance, ability to achieve 
measurable impacts through its products and services, and audit 
findings. In addition, the Uniform Requirements include guidance on 
audit requirements and other award compliance requirements for 
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 2019 Funding Round: The CDFI Fund expects to award, through 
this NOFA, approximately $15.5 million as indicated in the following 
table:

[[Page 13763]]



                                               Table 2--FY 2019 Funding Round Anticipated Category Amounts
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                             Estimated             Award amount              Estimated       Estimate
 Funding categories (see definition in Table 7 for TA or   total amount  --------------------------------    number of    average amount  Average amount
                     Table 8 for FA)                       to be awarded                                   awards for FY   awarded in FY   awarded in FY
                                                            (millions)        Minimum         Maximum          2019            2019            2018
--------------------------------------------------------------------------------------------------------------------------------------------------------
Base-FA.................................................          $10.95        $150,000      $1,000,000              24        $453,500        $453,500
Persistent Poverty Counties--Financial Assistance (PPC-             1.55         100,000         300,000               9         180,000         180,000
 FA)....................................................
TA......................................................               3          10,000         150,000              21         142,000         142,000
                                                         -----------------------------------------------------------------------------------------------
    Total (Base-FA, PPC-FA, and TA).....................            15.5  ..............  ..............              54  ..............  ..............
Disability Funds--Financial Assistance (DF-FA) *........               3         100,000         500,000               9         250,000         333,000
Healthy Food Financing Initiative--Financial Assistance               22         500,000       5,000,000              14       2,200,000       1,571,000
 (HFFI-FA) *............................................
--------------------------------------------------------------------------------------------------------------------------------------------------------
* DF-FA and 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 2019 Funding Round: As of the 
date of this NOFA, the CDFI Fund is operating under the Consolidated 
Appropriations Act, 2019 (Pub. L. 116-6).
    3. Anticipated Start Date and Period of Performance: 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 
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 date of the award announcement or 
(iii) a Sponsoring Entity award Recipient's four full years after the 
award announcement, 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 award 
announcement and includes a Recipient's three full consecutive fiscal 
years after the date of the notice of the award, during which time the 
Recipient must meet the performance goals set forth in the Assistance 
Agreement.
    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 under the NACA Program, but not both. FA Awards 
include the Base Financial Assistance (Base-FA) award and the following 
awards that are provided as a supplement to the Base-FA award: Healthy 
Food Financing Initiative-Financial Assistance (HFFI-FA), Persistent 
Poverty Counties-Financial Assistance (PPC-FA), and Disability Funds-
Financial Assistance (DF-FA). The HFFI-FA, PPC-FA, and DF-FA 
Applications will be evaluated independently from the Base-FA 
Application, and will not affect the Base-FA Application evaluation or 
Base-FA award amount.
    However, Applicants that qualify for the NACA Program may submit 
two Applications: One Application--either for a TA grant or an FA 
award, but not both--through the CDFI Program, and one Application--
either for a TA grant or an FA award, but not both--through the NACA 
Program. NACA qualified Applicants that choose to apply for awards 
through both the CDFI Program and the NACA Program may either apply for 
the same type of award under each Program or for a different type of 
award under each Program. NACA qualified Applicants that choose to 
apply under both the NACA Program and CDFI Program and are selected for 
an award under both Programs will be provided the larger of the two 
awards. NACA Applicants cannot receive an award under both Programs. 
The matching funds requirement for NACA Program FA award Applicants and 
HFFI-FA Applicants was waived in the final FY 2019 appropriations. 
Therefore, NACA Program FA and HFFI-FA Applicants are not required to 
submit matching funds for their award requests.
    1. Base-FA Awards: Base-FA awards can be in the form of loans, 
grants, Equity Investments, deposits and credit union shares. The form 
of the Base-FA award is based on the form of the matching funds that 
the Applicant includes in its Application, unless Congress waived the 
matching funds requirement. The matching funds requirement was waived 
for NACA Program Applicants and therefore the Base-FA award will be in 
the form of a grant for the NACA Program. The CDFI Fund reserves the 
right, in its sole discretion, to provide a Base-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. Persistent Poverty Counties--Financial Assistance (PPC-FA) 
Awards: PPC-FA awards will be provided as a supplement to Base-FA 
awards; therefore, only those Applicants that are selected to receive a 
Base-FA award through the NACA Program FY 2019 Funding Round will be 
eligible to receive a PPC-FA award. PPC-FA awards can be in the form of 
loans, grants, Equity Investment, deposits and credit union shares. The 
form of the PPC-FA award is based on the form of the matching funds 
that the Applicant includes in its Application, unless Congress waived 
the matching funds requirement. The matching funds requirement was 
waived for NACA Program Applicants and therefore the PPC-FA award will 
be in the form of a grant for NACA Program Applicants. The CDFI Fund 
reserves the right, in its sole discretion, to provide a PPC-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. Disability Funds--Financial Assistance (DF-FA) Awards: DF-FA 
awards will be provided as a supplement to Base-FA awards; therefore, 
only those Applicants that have been selected to receive a Base-FA 
award through the NACA Program FY 2019 Funding Round will be eligible 
to receive a DF-FA award. DF-FA awards can be in the form of loans, 
grants, Equity Investments, deposits and credit union shares. The form 
of the DF-FA award is based on the form of the matching funds that the 
Applicant

[[Page 13764]]

includes in its Application, unless Congress waived the matching funds 
requirement. The matching funds requirement was waived for NACA Program 
Applicants and therefore the DF-FA award will be in the form of a grant 
for NACA Program Applicants. The CDFI Fund reserves the right, in its 
sole discretion, to provide a DF-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.
    4. Healthy Food Financing Initiative--Financial Assistance (HFFI-
FA) Awards: HFFI-FA awards will be provided as a supplement to Base-FA 
awards; therefore, only those Applicants that have been selected to 
receive a Base-FA award through the NACA Program FY 2019 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 waived the matching funds requirement. The matching funds 
requirement was waived for HFFI-FA Applicants and therefore the HFFI-FA 
awards will be in the form of a grant. 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.
    5. 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.
    C. Eligible Activities:
    1. FA Awards: Base-FA, PPC-FA, DF-FA, and HFFI-FA award funds may 
be expended for activities serving Commercial Real Estate, Small 
Business, Microenterprise, Community Facilities, Consumer Financial 
Products, Consumer Financial Services, Commercial Financial Products, 
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. The FA budget is 
the amount of the award and must be expended in the five eligible 
activity categories. Base-FA Recipients must meet performance goals, 
which will be derived from projections and attestations provided by the 
Applicant in its Application, to achieve one or more of the following 
FA Objectives: (i) Increase Volume of Financial Products in an Eligible 
Market(s) and/or in the Applicant's approved Target Market and/or 
Increase Volume of Financial Services in an Eligible Market(s) and/or 
in the Applicant's approved Target Market; (ii) Serve Eligible 
Market(s) or the Applicant's approved Target Market in New Geographic 
Area or Areas; (iii) Provide New Financial Products in an Eligible 
Market(s) and/or in the Applicant's approved Target Market, Provide New 
Financial Services in an Eligible Market(s) and/or in the Applicant's 
approved Target Market, or Provide New Development Services in an 
Eligible Market(s) and/or in the Applicant's approved Target Market; 
and (iv) Serve New Targeted Population or Populations. At the end of 
each year of the period of performance, fifty (50) percent or more of 
the Financial Products closed by NACA Recipients must be in Native 
Communities. FA awards may only be used for Direct Costs associated 
with an eligible activity; no indirect expenses are allowed. Up to 15 
percent of the FA award may be used for Direct Administrative Expenses 
associated with an eligible FA activity. ``Direct Administrative 
Expenses'' shall mean Direct Costs, as described in section 2 CFR 
200.413 of the Uniform Requirements, which are incurred by the 
Recipient to carry out the Financial Assistance. Direct Costs incurred 
to provide Development Services or Financial Services do not constitute 
Direct Administrative Expenses.
    The Recipient must comply, as applicable, with the Buy American Act 
of 1933, 41 U.S.C. 8301-8303, with respect to any Direct Costs. For 
purposes of this NOFA, the five eligible activity categories are 
defined below:

                    Table 3--Base-FA, PPC-FA, DF-FA, and HFFI-FA Eligible Activity Categories
----------------------------------------------------------------------------------------------------------------
                                                                                       Eligible CDFI institution
          FA eligible activity                 FA eligible activity definition *                 types
----------------------------------------------------------------------------------------------------------------
i. Financial Products..................  FA expended as loans, Equity Investments and  All
                                          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.
                                         For HFFI-FA, however, the purchase of loans
                                          originated by certified CDFIs, loan
                                          refinancing, or any type of financing for
                                          prepared food outlets are not eligible
                                          activities.
ii. Financial Services.................  FA expended for providing checking, savings   Insured Depository
                                          accounts, check cashing, money orders,        Institutions and
                                          certified checks, automated teller            Depository Institution
                                          machines, deposit taking, safe deposit box    Holding Company only.
                                          services, and other similar services.        Not applicable for HFFI-
                                                                                        FA Recipients.
iii. Loan Loss Reserves................  FA set aside in the form of cash reserves,    All.
                                          or through accounting-based accrual
                                          reserves, to cover losses on loans,
                                          accounts, and notes receivable or for
                                          related purposes that the CDFI Fund deems
                                          appropriate.

[[Page 13765]]

 
iv. Development Services...............  FA expended for activities undertaken by a    All.
                                          CDFI, its Affiliate or contractor that (i)
                                          promote community development and (ii)
                                          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; business
                                          planning; and management assistance.
v. Capital Reserves....................  FA set aside as reserves to support the       Insured Depository
                                          Applicant's ability to leverage other         Institutions and
                                          capital, for such purposes as increasing      Depository Institution
                                          its net assets or providing financing, or     Holding Company only Not
                                          for related purposes as the CDFI Fund deems   applicable for DF-FA.
                                          appropriate.
----------------------------------------------------------------------------------------------------------------
* All FA eligible activities must be in an Eligible Market or the Applicant's approved Target Market. Eligible
  Market is defined as (i) a geographic area meeting the requirements set forth in 12 CFR 1805.201(b)(3)(ii), or
  (ii) individuals that are Low-Income, African American, Hispanic, Native American, Native Hawaiians residing
  in Hawaii, Alaska Natives residing in Alaska, or Other Pacific Islanders residing in American Samoa, Guam or
  the Northern Mariana Islands.

    2. DF-FA Award: DF-FA award funds may only be expended for eligible 
FA activities (referenced in Table 3) to directly or indirectly benefit 
individuals with disabilities. The DF-FA Recipient must close Financial 
Products for the primary purpose of directly or indirectly benefiting 
people with disabilities, where the majority of the DF-FA supported 
loans or investments benefit individuals with disabilities, in an 
amount equal to or greater than 85 percent of the total DF-FA provided. 
Eligible DF-FA financing activities may include, among other 
activities, loans to develop or purchase affordable, accessible, and 
safe housing; loans to provide or facilitate employment opportunities; 
and loans to purchase assistive technology.
    For the purposes of DF-FA, a person with a Disability is a person 
who has a physical or mental impairment that substantially limits one 
or more major life activities, a person who has a history or record of 
such an impairment, or a person who is perceived by others as having 
such an impairment, as defined by the American Disabilities Act (ADA) 
at https://www.ada.gov/cguide.htm.
    3. TA Grants: TA grant funds may be expended for the following 
eight eligible activity categories: (i) Compensation--Personal 
Services; (ii) Compensation--Fringe Benefits; (iii) Professional 
Service Costs; (iv) Travel Costs; (v) Training and Education Costs; 
(vi) Equipment; (vii) Supplies; and (viii) Incorporation Costs. 
Sponsoring Entities may also use TA grant funds for incorporation 
costs. The TA budget is the amount of the award and must be expended in 
the eight eligible activity categories. None of the eligible activity 
categories will be authorized for indirect costs or an associated 
indirect cost rate. Any expenses that are prohibited by the Uniform 
Requirements are unallowable and are generally found in Subpart E-Cost 
Principles. The Recipient must comply, as applicable, with the Buy 
American Act of 1933, 41 U.S.C. 8301-8303, with respect to any Direct 
Costs. For purposes of this NOFA, the eight eligible activity 
categories are defined below:

   Table 4--TA Eligible Activity Categories, Subject to the Applicable
                 Provisions of the Uniform Requirements
------------------------------------------------------------------------
 
------------------------------------------------------------------------
(i) Compensation--Personal          TA paid to cover all remuneration
 Services.                           paid currently or accrued, for
                                     services of Applicant's employees
                                     rendered during the Period of
                                     Performance under the TA grant in
                                     accordance with section 200.430 of
                                     the Uniform Requirements.
                                    Any work performed directly but
                                     unrelated to the purposes of the TA
                                     grant may not be paid as
                                     Compensation through a TA grant.
                                     For example, the salaries for
                                     building maintenance would not
                                     carry out the purpose of a TA grant
                                     and would be deemed unallowable.
(ii) Compensation--fringe benefits  TA paid to cover allowances and
                                     services provided by the Applicant
                                     to its employees as compensation in
                                     addition to regular salaries and
                                     wages, in accordance with section
                                     200.431 of the Uniform
                                     Requirements. Such expenditures are
                                     allowable as long as they are made
                                     under formally established and
                                     consistently applied organizational
                                     policies of the Applicant.
(iii) Professional service costs..  TA used to pay for professional and
                                     consultant services (e.g., such as
                                     strategic and marketing plan
                                     development), rendered by persons
                                     who are members of a particular
                                     profession or possess a special
                                     skill (e.g., credit analysis,
                                     portfolio management), and who are
                                     not officers or employees of the
                                     Applicant, in accordance with
                                     section 200.459 of the Uniform
                                     Requirements. Payment for a
                                     consultant's services may not
                                     exceed the current maximum of the
                                     daily equivalent rate paid to an
                                     Executive Schedule Level IV Federal
                                     employee. Professional and
                                     consultant services must build the
                                     capacity of the CDFI. For example,
                                     professional services that provide
                                     direct development services to the
                                     customers does not build the
                                     capacity of the CDFI to provide
                                     those services and would not be
                                     eligible.
(iv) Travel costs.................  TA used to pay costs of
                                     transportation, lodging,
                                     subsistence, and related items
                                     incurred by the Applicant's
                                     personnel who are on travel status
                                     on business related to the TA
                                     award, in accordance with section
                                     200.474 of the Uniform
                                     Requirements. Travel costs do not
                                     include costs incurred by the
                                     Applicant's consultants who are on
                                     travel status. Any payments for
                                     travel expenses incurred by the
                                     Applicant's personnel but unrelated
                                     to carrying out the purpose of the
                                     TA grant would be deemed
                                     unallowable. As such, documentation
                                     must be maintained that justifies
                                     the travel as necessary to the TA
                                     grant.
(v) Training and education costs..  TA used to pay the cost of training
                                     and education provided by the
                                     Applicant for employees'
                                     development in accordance with
                                     section 200.472 of the Uniform
                                     Requirements. TA can only be used
                                     to pay for training costs incurred
                                     by the Applicant's employees.
                                     Training and education costs may
                                     not be incurred by the Applicant's
                                     consultants.

[[Page 13766]]

 
(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, in accordance with section
                                     200.33 of the Uniform Requirements.
                                     For example, items such as office
                                     furnishings and information
                                     technology systems are allowable as
                                     Equipment costs. The Applicant must
                                     comply, as applicable, with the Buy
                                     American Act of 1933, 41 U.S.C.
                                     8301-8303 with respect to the
                                     purchase of Equipment.
(vii) Supplies....................  TA used to pay for tangible personal
                                     property with a per unit
                                     acquisition cost of less than
                                     $5,000 in accordance with section
                                     200.94 of the Uniform Requirements.
                                     For example, a desktop computer
                                     costing $1,000 is allowable as a
                                     Supply cost. The Applicant must
                                     comply, as applicable, with the Buy
                                     American Act of 1933, 41 U.S.C.
                                     8301-8303 with respect to the
                                     purchase of Supplies.
(viii) Incorporation Costs          TA used to pay for incorporation
 (Sponsoring Entities only).         fees in connection with the
                                     establishment or reorganization of
                                     an organization as a CDFI, in
                                     accordance with section 200.455 of
                                     the Uniform Requirements.
                                     Incorporation Costs are allowable
                                     for NACA Program Sponsoring Entity
                                     Applicants only.
------------------------------------------------------------------------

    4. HFFI-FA Award: HFFI-FA award funds may only be expended for 
eligible FA activities referenced in Table 3. The HFFI-FA investments 
must comply with the following guidelines:
    a. Recipient must close Financial Products for Healthy Food Retail 
Outlets and Healthy Food Non-Retail Outlets in its approved Target 
Market in an amount equal to or greater than 100 percent 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 loan or investment be devoted to offering a 
range of Healthy Food choices, which may include, among other 
activities, investments supporting an existing retail store or 
wholesale operation upgrade to offer an expanded range of Healthy Food 
choices, or supporting a nonprofit organization that expands the 
availability of Healthy Foods in underserved areas.
    b. Recipient must demonstrate that it has closed Financial Products 
to Healthy Food Retail Outlets located in Food Deserts in the 
Recipient's approved Target Market in an amount equal to 75 percent of 
the total HFFI Financial Assistance provided.

Definitions

    Healthy Foods. Healthy Foods include unprepared 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.
    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.
    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 this 
requirement, 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.
    5. PPC-FA Award: PPC-FA award funds may only be expended for 
eligible FA activities referenced in Table 3. The PPC-FA Recipient must 
close Financial Products in PPC in an Eligible Market or in the 
Applicant's approved Target Market in an amount equal to or greater 
than 100 percent of the total PPC Financial Assistance provided. The 
specific counties that meet the criteria for ``persistent poverty'' can 
be found at: https://www.cdfifund.gov/Documents/PPC%20updated%20Oct.2017.xlsx.

III. Eligibility Information

    A. Eligible Applicants: For the purposes of this NOFA, the 
following tables set forth the eligibility criteria to receive an award 
from the CDFI Fund, along with certain definitions of terms. There are 
four categories of Applicant eligibility criteria: (1) CDFI 
certification criteria (Table 5); (2) requirements that apply to all 
Applicants (Table 6); (3) requirements that apply to TA Applicants 
(Table 7); and (4) requirements that apply to FA Applicants (Table 8).

            Table 5--CDFI Certification Criteria Definitions
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Certified CDFI....................   An entity that the CDFI
                                     Fund has officially notified that
                                     it meets all CDFI certification
                                     requirements.
Certifiable CDFI..................   An entity that has
                                     submitted a CDFI certification
                                     application to the CDFI Fund
                                     demonstrating that it meets the
                                     CDFI certification requirements but
                                     which has not yet been officially
                                     certified. (See Table 12 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 is awarded a TA award
                                     regardless of the Applicant's
                                     certification status.

[[Page 13767]]

 
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 CDFI
                                     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) must comply with
                                     CDFI certification performance goal
                                     and measure(s) stated in its prior
                                     Assistance Agreement(s).
                                     Emerging CDFIs may only
                                     apply for TA grants, and are
                                     ineligible for FA awards.
                                     An Emerging CDFI selected
                                     to receive a TA grant will be
                                     required to become a Certified CDFI
                                     by a date specified in the
                                     Assistance Agreement.
Sponsoring Entity.................   Sponsoring Entities include
                                     any legal organization that
                                     primarily serves Native Community
                                     with ``primary'' meaning, at least
                                     50 percent of its activities are
                                     directed toward the Native
                                     Community.
                                     An eligible organization
                                     that proposes to create a separate
                                     legal organization that will become
                                     a Certified CDFI serving Native
                                     Communities.
                                     Sponsoring Entities may
                                     only apply for TA grants; they are
                                     not eligible to apply for FA
                                     awards.
                                     Each Sponsoring Entity
                                     selected to receive a TA grant will
                                     be required to create and certify
                                     an Emerging CDFI by the dates
                                     specified in the Assistance
                                     Agreement.
Definition of Native Other          The CDFI Fund uses the following
 Targeted Population as Target       definitions, set forth in the
 Market.                             Office of Management and Budget
                                     (OMB) Notice, Revisions to the
                                     Standards for the Classification of
                                     Federal Data on Race and Ethnicity
                                     (October 30, 1997), as amended and
                                     supplemented:
                                        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
                                        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 may apply for an award
                                     (other than Depository Institution
                                     Holding Companies--see below) and
                                     Sponsoring Entities. Recipients may
                                     not create a new legal entity to
                                     carry out the proposed award
                                     activities (except for Sponsoring
                                     Entities).
                                     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, other than
                                     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
                                     websites. Applications submitted
                                     with alternative or altered
                                     templates will not be considered.
                                     Applicants undergo a two-
                                     step process that requires the
                                     submission of Application documents
                                     by two separate deadlines in two
                                     different locations: (1) The SF-424
                                     in Grants.gov and (2) all other
                                     Required Application Documents in
                                     AMIS.
                                     Grants.gov and the SF-424:
                                       [cir] Grants.gov: Applicants must
                                        submit the Office of Management
                                        and Budget (OMB) Standard Form
                                        (SF) OMB SF-424, Application for
                                        Federal Assistance.
                                       [cir] All Applicants must
                                        register in the Grants.gov
                                        system to successfully submit an
                                        Application. The Grants.gov
                                        registration process can take 30
                                        days or more to complete. The
                                        CDFI Fund strongly encourages
                                        Applicants to register as early
                                        as possible.
                                       [cir] The CDFI Fund will not
                                        extend the SF-424 application
                                        deadline for any Applicant that
                                        started the Grants.gov
                                        registration process on, before,
                                        or after the date of the
                                        publication of this NOFA, but
                                        did not complete it by the
                                        deadline except in the case of a
                                        Federal government
                                        administrative or technological
                                        error that directly resulted in
                                        a late submission of the SF-424.
                                       [cir] The SF-424 must be
                                        submitted in Grants.gov on or
                                        before the deadline listed in
                                        Table 1 and Table 12. 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 submission deadline.
                                       [cir] The SF-424 must be
                                        submitted under the NACA Program
                                        Funding Opportunity Number for
                                        the NACA Program Application.
                                        NACA Program Applicants should
                                        be careful to not select the
                                        CDFI Program Funding Opportunity
                                        Number when submitting their SF-
                                        424 for the NACA Program. NACA
                                        Program Applicants that submit
                                        their SF-424 for the NACA
                                        Program Application under the
                                        CDFI Program Funding Opportunity
                                        Number will be deemed ineligible
                                        for the NACA Program
                                        Application.
                                       [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 and all other Required
                                     Application Documents listed in
                                     Table 10:
                                       [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] Each Application in AMIS
                                        must be signed by an Authorized
                                        Representative.
                                       [cir] Applicants must ensure that
                                        the Authorized Representative is
                                        authorized to sign legal
                                        documents on behalf of the
                                        organization. Consultants
                                        working on behalf of the
                                        organization may not be
                                        designated as Authorized
                                        Representatives.
                                       [cir] Only the Authorized
                                        Representative or Application
                                        Point of Contact, included in
                                        the Application, may submit the
                                        Application in AMIS.

[[Page 13768]]

 
                                       [cir] All Required Application
                                        Documents must be submitted in
                                        AMIS on or before the deadline
                                        specified in Tables 1 and 12.
                                       [cir] The CDFI Fund will not
                                        extend the deadline for any
                                        Applicant except in the case of
                                        a Federal government
                                        administrative or technological
                                        error that directly resulted in
                                        the late submission of the
                                        Application in AMIS.
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.
                                     The EIN in the Applicant's
                                     AMIS account must match the EIN in
                                     the Applicant's Grant.gov and
                                     System for Award Management (SAM)
                                     accounts. The CDFI Fund will reject
                                     an Application if the EIN in the
                                     Applicant's AMIS account does not
                                     match the EIN in its Grants.gov and
                                     SAM accounts.
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.
                                     The DUNS number in the
                                     Applicant's AMIS account must match
                                     the DUNS number in the Applicant's
                                     Grant.gov and SAM accounts. The
                                     CDFI Fund will reject an
                                     Application if the DUNS number in
                                     the Applicant's AMIS account does
                                     not match the DUNS number in its
                                     Grants.gov and SAM accounts.
System for Award Management (SAM).   SAM is a web-based,
                                     government-wide application that
                                     collects, validates, stores, and
                                     disseminates business information
                                     about the federal government's
                                     trading partners in support of the
                                     contract awards, grants, and
                                     electronic payment processes.
                                     Applicants must register in
                                     SAM as part of the Grants.gov
                                     registration process.
                                     Applicants must have a DUNS
                                     number and an EIN number in order
                                     to register in SAM.
                                     Applicants must be
                                     registered in SAM in order to
                                     submit an SF-424 in Grants.gov.
                                     The CDFI Fund reserves the
                                     right to deem an Application
                                     ineligible if the Applicant's SAM
                                     account expires during the
                                     Application evaluation period or is
                                     set to expire between September 1,
                                     2019 and December 31, 2019, and the
                                     Applicant does not re-activate or
                                     renew, as applicable, the account
                                     within the deadlines that the CDFI
                                     Fund communicates to affected
                                     Applicants during the Application
                                     evaluation period.
AMIS Account......................   Each Applicant must
                                     register as an organization in AMIS
                                     and submit all Required Application
                                     Documents listed in Table 10
                                     through the AMIS portal.
                                     The Application of any
                                     organization that does not properly
                                     register in AMIS by the deadline
                                     set forth in Table 1--FY 2019 NACA
                                     Program Funding Round Critical
                                     Deadlines for Applicants--will be
                                     rejected without further
                                     consideration.
                                     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
                                     and/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 to receive 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,
                                     including but not limited to: Title
                                     VI of the Civil Rights Act of 1964,
                                     as amended (42 U.S.C. 2000d);
                                     Section 504 of the Rehabilitation
                                     Act of 1973 (29 U.S.C. 794); the
                                     Age Discrimination Act of 1975, (42
                                     U.S.C. 6101-6107), and Executive
                                     Order 13166, Improving Access to
                                     Services for Persons with Limited
                                     English Proficiency.
Depository Institution Holding       In the case where a CDFI
 Company Applicant.                  Depository Institution Holding
                                     Company Applicant intends to carry
                                     out the activities of an award
                                     through its Subsidiary CDFI Insured
                                     Depository Institution, the
                                     Application must be submitted by
                                     the CDFI Depository Institution
                                     Holding Company and reflect the
                                     activities and financial
                                     performance of the Subsidiary CDFI
                                     Insured Depository Institution.
                                     Authorized representatives
                                     of both the Depository Institution
                                     Holding Company and the Subsidiary
                                     CDFI Insured Depository Institution
                                     must certify that the information
                                     included in the Application
                                     represents that of the Subsidiary
                                     CDFI Insured Depository
                                     Institution, and that the award
                                     funds will be used to support the
                                     Subsidiary CDFI Insured Depository
                                     Institution for the eligible
                                     activities outlined in the
                                     Application.
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)).
                                     With the exception of
                                     Depository Institution Holding
                                     Company Applicants, awards may not
                                     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, unless done pursuant to a
                                     merger or acquisition or similar
                                     transaction, and with the CDFI
                                     Fund's prior written consent. The
                                     Recipient of any award made through
                                     this NOFA must comply, as
                                     applicable, with the Buy American
                                     Act of 1933, 41 U.S.C. 8301-8303,
                                     with respect to any Direct Costs.
Requested award amount............   An Applicant must state its
                                     requested award amount in the
                                     Application in AMIS. An Applicant
                                     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.

[[Page 13769]]

 
                                     The CDFI Fund will not
                                     consider any Applicant that has
                                     defaulted on a loan from the CDFI
                                     Fund within five years of the
                                     Application deadline.
------------------------------------------------------------------------


           Table 7--Eligibility Requirements for TA Applicants
------------------------------------------------------------------------
 
------------------------------------------------------------------------
CDFI certification status.........  Certified CDFIs, Certifiable CDFIs,
                                     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 may not receive
                                     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.
Proposed Activities...............   Applicants must propose to
                                     directly undertake eligible
                                     activities with TA awards. For
                                     example, an uncertified CDFI
                                     Applicant must propose to become
                                     certified as part of its
                                     Application and a Certified CDFI
                                     Applicant must propose activities
                                     that build its capacity to serve
                                     its Target Market or an Eligible
                                     Market. With the exception of
                                     Sponsoring Entities, Applicants may
                                     not propose to use a TA award to
                                     create a separate legal entity to
                                     become a certified CDFI or
                                     otherwise carry out the TA award
                                     activities.
Insured CDFI--Insured Credit Union   Each Insured Depository
 and Insured Depository              Institution TA Applicant must have
 Institution.                        a CAMELS/CAMEL rating (rating for
                                     banks and credit unions,
                                     respectively) or equivalent type of
                                     rating by its regulator,
                                     collectively referred to as
                                     ``CAMELS/CAMEL rating'' throughout
                                     this document, of at least ``4''.
                                     TA Applicants with CAMELS/
                                     CAMEL ratings of ``5'' will not be
                                     eligible for awards.
                                     The CDFI Fund will also
                                     evaluate materials concerns
                                     identified by the Appropriate
                                     Federal Banking Agency in
                                     determining the eligibility of
                                     Insured Depository Institution
                                     Applicants.
Target Market.....................   TA Applicants must
                                     demonstrate that the Certified
                                     CDFI, Certifiable CDFI, 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 date of
                                     award announcement.
                                     The CDFI Fund will consider
                                     an Application submitted by an
                                     Applicant that has pending
                                     noncompliance issues with its
                                     Annual Certification Report, if the
                                     CDFI Fund has not yet made a final
                                     compliance determination.
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.
Matching funds documentation......   Applicants must submit
                                     acceptable documentation attesting
                                     that they have received or will
                                     receive matching funds. Applicants
                                     that do not complete the Matching
                                     Funds section in the FA Application
                                     in AMIS, documenting the source(s)
                                     of their matching funds, will not
                                     be evaluated. The matching funds
                                     requirements for NACA Program FA
                                     and HFFI-FA Applicants were waived
                                     in the final FY 2019
                                     appropriations. Therefore, NACA
                                     Program and HFFI-FA Applicants are
                                     not required to submit matching
                                     funds documentation.
                                     Unless Congress waived the
                                     matching funds requirement,
                                     Applicants must document their
                                     matching funds in the Matching
                                     Funds section in the FA Application
                                     in AMIS. Matching funds information
                                     provided in another format will not
                                     be considered.
                                     Unless Congress waived the
                                     matching funds requirement, 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. See Table 9 for the
                                     definitions of Committed and In-
                                     Hand.
                                     Unless Congress waived the
                                     matching funds requirement, 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.
                                     Unless Congress waived the
                                     matching funds requirement, 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.
                                     Unless Congress waived the
                                     matching funds requirement, 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.

[[Page 13770]]

 
$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 from the
                                     announcement date.
                                     For TA Applicants, for
                                     purposes of this NOFA and per final
                                     FY 2019 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 2016, 2017, and 2018 funding
                                     rounds, as well as the requested FY
                                     2019 award, excluding DF-FA and
                                     HFFI-FA awards.
                                     For FA Applicants, for
                                     purposes of this NOFA and per final
                                     FY 2019 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 2017 and 2018 funding
                                     rounds, as well as the requested FY
                                     2019 award, excluding DF-FA and
                                     HFFI-FA awards.
FA Applicants with Community         A NACA Applicant can apply
 Partners.                           for assistance jointly with a
                                     Community Partner. The CDFI
                                     Applicant would complete the NACA
                                     Program Application and would
                                     address the Community Partnership
                                     in its business plan and other
                                     sections of the Application as
                                     specified in the Application
                                     Materials.
                                     The CDFI Applicant must be
                                     either a Certified or Certifiable
                                     CDFI as defined in Table 5.
                                     An Application with a
                                     Community Partner must:
                                       [cir] Describe how the NACA
                                        Applicant and Community Partner
                                        will each participate in the
                                        partnership and how the
                                        partnership will enhance
                                        eligible activities serving the
                                        Investment Area and/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.
Insured CDFI--Insured Credit Union   Each Insured Depository
 and Insured Depository              Institution FA Applicant must have
 Institution.                        a CAMELS/CAMEL rating (rating for
                                     banks and credit unions,
                                     respectively) or equivalent type of
                                     rating by its regulator,
                                     collectively referred to as
                                     ``CAMELS/CAMEL rating'' throughout
                                     this document, of at least ``3''.
                                     FA Applicants with CAMELS/
                                     CAMEL ratings of ``4 or 5'' will
                                     not be eligible for awards.
                                     The CDFI Fund will also
                                     evaluate materials concerns
                                     identified by the appropriate
                                     regulator in determining
                                     eligibility of Insured Depository
                                     Institution Applicants.
PPC-FA............................   All PPC-FA Applicants must:
                                       [cir] Submit a CDFI or NACA
                                        Program FA Application;
                                       [cir] Meet all NACA FA award
                                        eligibility requirements; and
                                       [cir] Provide a PPC-FA award
                                        request amount in AMIS.
DF-FA.............................   All DF-FA Applicants must:
                                       [cir] Submit a CDFI or NACA
                                        Program FA Application;
                                       [cir] Meet all NACA FA award
                                        eligibility requirements;
                                       [cir] Submit the DF-FA
                                        Application; and
                                       [cir] Provide a DF-FA award
                                        request amount in AMIS.
HFFI-FA...........................   All HFFI-FA Applicants
                                     must:
                                       [cir] Submit a CDFI or NACA
                                        Program FA Application;
                                       [cir] Meet all NCA FA award
                                        eligibility requirements;
                                       [cir] Submit the HFFI-FA
                                        Application; and
                                       [cir] Provide a HFFI-FA award
                                        request amount in AMIS.
------------------------------------------------------------------------

    B. Matching Funds Requirements: In order to receive a Base-FA, PPC-
FA, or DF-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 as part of the 
Application, unless Congress waived the matching funds requirement. The 
matching funds requirement for NACA Program FA and HFFI-FA Applicants 
was waived in the final FY 2019 appropriations. Therefore, NACA Program 
FA and HFFI-FA Applicants are not required to submit matching funds for 
their award requests. An Applicant that represents that it has Equity 
Investments and/or deposits matching funds In-Hand at the time of 
Application submission must provide documentation of such as part of 
the Application. An Applicant that uses retained earnings as matching 
funds must provide supporting documentation of In-Hand and/or Committed 
matching funds at the time of Application submission. The CDFI Fund 
will review matching funds information, attestations, and supporting 
matching funds documentation, if applicable, prior to award payment and 
will disburse funds based upon eligible In-Hand matching funds. The 
CDFI Fund encourages Applicants to review the Regulations, the Uniform 
Requirements, and the matching funds guidance materials available on 
the CDFI Fund's website. Table 9 provides a summary of the matching 
funds requirements for Base-FA, PPC-FA, and DF-FA. The matching funds 
requirements for NACA Program FA and HFFI-FA Applicants were waived in 
the final FY 2019 appropriations. Additional details are set forth in 
the Application Materials.

                 Table 9--Matching Funds Requirements *
------------------------------------------------------------------------
 
------------------------------------------------------------------------
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:

[[Page 13771]]

 
                                        Loan--the loan agreement
                                        and/or promissory note;
                                        grant--the grant letter
                                        or agreement;
                                        Equity Investment--the
                                        stock certificate, documentation
                                        of total equity outstanding, and
                                        shareholder agreement;
                                        retained earnings--
                                        Retained Earnings Calculator and
                                        Audited Financial Statements or
                                        call reports from regulating
                                        entity for each fiscal year
                                        reported in Retained Earnings
                                        Calculator;
                                        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.
                                     Unless Congress waived the
                                     matching fund requirement,
                                     Applicants must provide information
                                     on their In-Hand matching funds in
                                     the Matching Funds section of the
                                     FA Application in AMIS (refer to
                                     Table 10--Required Application
                                     Documents) at the time of
                                     Application submission.
                                     Although Applicants are not
                                     required to provide further
                                     documentation for In-Hand matching
                                     funds at the time of Application
                                     submission, (other than supporting
                                     documentation for retained
                                     earnings, deposits, and Equity
                                     Investments, which must be provided
                                     at the time of Application
                                     submission), they must be able to
                                     provide documentation to the CDFI
                                     Fund upon request.
Matching funds requirements by      The matching funds requirement for
 Application type.                   HFFI-FA and NACA Program FA
                                     Applicants was waived in the final
                                     FY 2019 appropriations. Therefore,
                                     NACA Program FA and HFFI-FA
                                     Applicants are not required to
                                     provide matching funds.
Amount of required match..........  Unless waived by Congress,
                                     Applicants must provide evidence of
                                     eligible, In-Hand, dollar-for-
                                     dollar, non-Federal matching funds
                                     for every Base-FA, PPC-FA, and DF-
                                     FA award dollar to be paid by the
                                     CDFI Fund. If awarded, Applicants
                                     that do not demonstrate 100 percent
                                     In-Hand matching funds at the time
                                     of Application submission may
                                     experience a longer payment
                                     timeline.
Determination of award form.......  Unless waived by Congress, Base-FA,
                                     PPC-FA, and DF-FA awards will be
                                     made in comparable form and value
                                     to the eligible In-Hand and/or
                                     Committed matching funds submitted
                                     by the Applicant.
                                     For example, if an
                                     Applicant provides documentation of
                                     eligible loan matching funds for
                                     $200,000 and eligible grant
                                     matching funds of $400,000, the
                                     CDFI Fund will obligate $200,000 of
                                     the FA award as a loan and $400,000
                                     as a grant.
                                     The CDFI Fund will not
                                     permit a Recipient to change the
                                     form of award from loan to grant.
Matching Funds Window definition..   The Applicant must receive
                                     eligible In-Hand matching funds
                                     between January 1, 2017 and January
                                     15, 2020.
                                     A Recipient must provide
                                     the CDFI Fund with all
                                     documentation demonstrating the
                                     receipt of In-Hand matching funds
                                     by January 31, 2020.
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
                                     requested award amount.
                                     The form of the matching
                                     funds documented in the Application
                                     determines the form of the award.
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 that
                                     the matching funds will be
                                     disbursed to the Applicant at a
                                     future date.
                                     The Application must
                                     provide information on their
                                     Committed matching funds in the
                                     Matching Funds section of the FA
                                     Application in AMIS (refer to Table
                                     10--Required Application Documents)
                                     at the time of Application
                                     submission.
                                     Although the Applicant is
                                     not required to provide further
                                     documentation for Committed
                                     matching funds at the time of
                                     Application submission (other than
                                     supporting documentation for
                                     retained earnings, which must be
                                     provided at the time of Application
                                     submission), it 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.
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 Base-
                                     FA, PPC-FA, and/or DF-FA award
                                     under the CDFI Program, NACA
                                     Program, or under another Federal
                                     grant or award program.
                                     Matching funds must comply
                                     with the Regulations.
                                     Matching funds must be
                                     attributable to at least one of the
                                     five eligible FA activities (see
                                     Section II.(C) of this NOFA).
Rights of the CDFI Fund...........   The CDFI Fund reserves the
                                     right to contact the matching funds
                                     source to discuss the matching
                                     funds and the documentation that
                                     the Applicant provided.
                                     The CDFI Fund may grant an
                                     extension of the Matching Funds
                                     Window (defined in Table 9), on a
                                     case-by-case basis, if the CDFI
                                     Fund deems it appropriate.
                                     The CDFI Fund reserves the
                                     right to rescind all or a portion
                                     of a Base-FA, PPC-FA, and/or DF-FA
                                     award and re-allocate the rescinded
                                     award amount to other qualified
                                     Applicant(s), if a Recipient fails
                                     to provide evidence of In-Hand
                                     matching funds totaling its award
                                     amount obtained during the Matching
                                     Funds Window.
Matching funds in the form of        Third party in-kind
 third-party in-kind contributions.  contributions are non-cash
                                     contributions (i.e., property or
                                     services) provided by non-Federal
                                     third parties to the Applicant.
                                     Third party in-kind
                                     contributions will be considered to
                                     be in the form of a grant for
                                     matching funds purposes.
                                     Third party in-kind
                                     contributions may be in the form of
                                     real property, equipment, supplies,
                                     and other expendable property. The
                                     value of goods and services must
                                     directly benefit the eligible FA
                                     activities.

[[Page 13772]]

 
                                     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
                                     pursuant to the Uniform
                                     Requirements.
Matching funds in the form of a      A Base-FA, PPC-FA, or DF-FA
 loan.                               award made in the form of a loan
                                     will have the following
                                     standardized terms:
                                       i. 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
                                       ii. A fixed interest rate of 3.00
                                        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.
Matching funds in the form of        The CDFI Fund reserves the
 Equity Investments.                 right, in its sole discretion, to
                                     perform its own valuation of Equity
                                     Investment source(s) and to
                                     determine if the equity value is
                                     acceptable to the CDFI Fund.
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 provide a Severe
                                     Constraints Waiver, which permits
                                     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.
                                     No more than 25 percent of
                                     the total funds available for
                                     obligation under this funding round
                                     may qualify for a Severe
                                     Constraints Waiver.
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 Base-FA, PPC-FA,
                                        and DF-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 in the form of a grant.
                                     Depository Institution
                                     Holding Company Applicants must
                                     provide call reports for the
                                     Depository Institution Holding
                                     Company in order to verify their
                                     retained earnings, even if the
                                     requested FA award (including Base-
                                     FA, PPC-FA, and DF-FA) will support
                                     its Subsidiary CDFI Insured
                                     Depository Institution.
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 (1) will
                                        be measured on a quarterly basis
                                        from March 31, 2019; (2) must
                                        occur by the end of Year 1 of
                                        the Recipient's Performance
                                        Period, as set forth in its
                                        Assistance Agreement; and (3)
                                        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
                                        (including Base-FA, PPC-FA, and
                                        DF-FA) between December 31,
                                        2017, and December 31, 2018.

[[Page 13773]]

 
                                        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 that are being
                                        used as matching funds.
                                     If option (iii) is used for
                                     Insured Depository Institutions or
                                     Depository Institution Holding
                                     Companies, the Applicant or its
                                     Subsidiary CDFI 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. Depository
                                     Institution Holding Company
                                     Applicants must use the call
                                     reports of the Subsidiary CDFI
                                     Insured Depository Institution that
                                     the requested FA award (including
                                     Base-FA, PPC-FA, and DF-FA) will
                                     support.
                                        This increase (1) will
                                        be measured on a quarterly basis
                                        from March 31, 2019; (2) must
                                        occur by the end of Year 1 of
                                        the Recipient's Performance
                                        Period, as set forth in its
                                        Assistance Agreement; and (3)
                                        will be based on amounts
                                        reported in the 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 (including Base-FA,
                                        PPC-FA, and DF-FA) between
                                        December 31, 2017, and December
                                        31, 2018.
                                        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 that are being
                                        used as matching funds.
                                     All regulated Applicants
                                     utilizing the option (iii) should
                                     refer to the Retained Earnings
                                     Guidance included in the Retained
                                     Earnings Calculator Excel Workbook
                                     found on the CDFI Fund's website.
------------------------------------------------------------------------
* Unless Congress waived the matching funds requirement, the
  requirements set forth in Table 9 are applicable to NACA Program FA
  Applicants applying for Base-FA, PPC-FA, and DF-FA, and for HFFI-FA
  Applicants. The matching funds requirements for NACA Program FA
  Applicants and HFFI-FA Applicants were waived in the final FY 2019
  appropriations, and therefore the requirements set forth in Table 9
  are not applicable to NACA FA and HFFI-FA Applicants for the FY 2019
  Funding Round.

IV. Application and Submission Information

    A. Address to Request an Application Package: Application Materials 
can be found on the CDFI Fund's website at www.cdfifund.gov/nativ. 
Applicants may request a paper version of any Application material by 
contacting the CDFI Fund Help Desk at [email protected]. Paper 
versions of Application Materials will only be provided if an Applicant 
cannot access the CDFI Fund's website.
    B. Content and Form of Application Submission: All Applications 
must be prepared using the English language, and calculations must be 
computed in U.S. dollars. The following table lists the Required 
Application Documents for the FY 2019 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. Financial data, portfolio, and activity 
information provided in the Application should only include the 
Applicant's activities. Information submitted must accurately reflect 
the Applicant's activities.

                Table 10--Required Application Documents
------------------------------------------------------------------------
                                                           Submission
     Application documents          Applicant type           format
------------------------------------------------------------------------
Active AMIS Account...........  All Applicants........  AMIS.
SF-424........................  All Applicants........  Fillable PDF in
                                                         Grants.gov.
NACA Program Application        All Applicants........  AMIS.
 Components:.
     Funding
     Application Detail.
     Data, Charts, and
     Narrative sections as
     listed in AMIS and
     outlined in Application
     Materials.
     Matching Funds
     (CDFI Program FA Core
     Applicants only).
PPC-FA Application Components:  PPC-FA Applicants.....  AMIS.
     Funding
     Application Detail.
     Narratives.
     AMIS Charts.
DF-FA Application Components:.  DF-FA Applicants......  AMIS.
     Funding
     Application Detail.
     Narratives.
     AMIS Charts.
HFFI-FA Application             HFFI-FA Applicants....  AMIS.
 Components: *.
     Requested HFFI-FA  --Must submit the HFFI-
     Amount.                     FA Application via
     Narratives and      Service Request in
     data charts..               AMIS. HFFI-FA
    *HFFI-FA Application,        Applications must be
     including narratives and    associated with the
     data charts, will be        Applicant's FA
     provided after FA           Application in AMIS
     Application submission if   upon submission.
     Applicant makes an HFFI-
     FA funding request in
     AMIS..
------------------------------------------------------------------------

[[Page 13774]]

 
                     ATTACHMENTS TO THE APPLICATION:
       Add to ``Related Attachments'' related list in Application
------------------------------------------------------------------------
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.
 For the Applicant's Three       funds, venture
 Most Recent Historic Fiscal     capital funds, and
 Years.                          other non-Insured
                                 Depository
                                 Institutions.
                                TA Applicants, if
                                 available: Loan
                                 funds, venture
                                 capital funds, and
                                 other non-Insured
                                 Depository
                                 Institutions.
Management Letters for the      FA Applicants: Loan     PDF in AMIS.
 Applicant's Most Recent         funds, venture
 Historic Fiscal Year.           capital funds, and
                                 other non-Insured
                                 Depository
                                 Institutions.
The Management Letter is        TA Applicants, if
 prepared by the Applicant's     Audited Financial
 auditor and is a                Statements are
 communication on internal       available: Loan
 control over financial          funds, venture
 reporting, compliance, and      capital funds, and
 other matters. The Management   other non-Insured
 Letter contains the auditor's   Depository
 findings regarding the          Institutions.
 Applicant's accounting
 policies and procedures,
 internal controls, and
 operating policies, including
 any material weaknesses,
 significant deficiencies, and
 other matters identified
 during auditing. The
 Management Letter may include
 suggestions for improving on
 identified weaknesses and
 deficiencies and/or best
 practice suggestions for
 items that may not be
 considered to be weaknesses
 or deficiencies. The
 Management Letter may also
 include items that are not
 required to be disclosed in
 the annual Audited Financial
 Statements. The Management
 Letter is distinct from the
 auditor's Opinion Letter,
 which is required by
 Generally Accepted Accounting
 Principles (GAAP). Management
 Letters are not required by
 GAAP, and are sometimes
 provided by the auditor as a
 separate letter from the
 Audit itself.
Statement(s) in Lieu of         FA Applicants: Loan     PDF in AMIS.
 Management Letter for           funds, venture
 Applicant's Most Recent         capital funds, and
 Historic Fiscal Year Issued     other non-Insured
 by the Board Treasurer or       Depository
 other Board member using the    Institutions.
 template provided in the       TA Applicants, if
 Application Materials           Audited Financial
 (required only if Management    Statements ARE
 Letters are not available for   available but the
 Audited Financial Statements).  Management Letters
                                 are NOT available:
                                 Loan funds, venture
                                 capital funds, and
                                 other non-Insured
                                 Depository
                                 Institutions..
Unaudited Financial Statements  TA Applicants: Loan     PDF in AMIS.
 for Applicant's Three Most      funds, venture
 Recent Historic Years           capital funds, and
 (required only if Audited       other non-Insured
 Financial Statements are not    Depository
 available).                     Institutions.
Current Year to Date--December  FA and TA Applicants:   PDF in AMIS.
 31, 2018 Unaudited Financial    Loan funds, venture
 Statements.                     capital funds, and
                                 other non-Insured
                                 Depository
                                 Institutions.
Community Partnership           FA Applicants, if       PDF or Word
 Agreement.                      applicable.             document in
                                                         AMIS.
Retained Earnings Calculator    CDFI Program FA Core    Excel in AMIS.
 Excel Workbook (required only   Applicants, if
 if using retained earnings as   applicable.
 matching funds).
Call reports for each fiscal    CDFI Program FA Core    PDF in AMIS.
 year reported in the Retained   Applicants: Insured
 Earnings Calculator.            Depository
                                 Institutions that are
                                 using retained
                                 earnings as matching
                                 funds only.
Equity Investment Matching      CDFI Program FA Core    PDF or Word
 Funds Documentation.            Applicants: For-        document in
                                 profit CDFIs that are   AMIS.
                                 using In-Hand Equity
                                 Investment(s) as
                                 matching funds.
Deposits Matching Funds         CDFI Program FA Core    PDF or Word
 Documentation.                  Applicants: Insured     document in
                                 Depository              AMIS.
                                 Institutions that are
                                 using In-Hand
                                 Deposits as matching
                                 funds.
------------------------------------------------------------------------

    C. Application Submission: The CDFI Fund has a two-step process 
that requires the submission of Required Application Documents (listed 
in Table 10) on separate deadlines and locations. The SF-424 must be 
submitted through Grants.gov and all other Required 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 in writing by the CDFI Fund. Applicants are required to 
submit the OMB SF-424, Application for Federal Assistance form in 
Grants.gov. All other Required Application Documents (listed in Table 
10) will be submitted through AMIS. The deadline for submitting the SF-
424 is listed in Tables 1 and 12.
    All Applicants must register in the Grants.gov system to 
successfully submit the SF-424. The Grants.gov registration process can 
take 45 days or longer to complete and 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). Since the Grants.gov registration process 
requires Applicants

[[Page 13775]]

to have DUNS and EIN numbers, Applicants without these required numbers 
should allow for additional time to complete the Grants.gov 
registration process. Further, as described in Section IV.(E) of this 
NOFA, new requirements for registration in the System for Awards 
Management (SAM), which is required as part of the Grants.gov 
registration process, may take more time than in recent years. The CDFI 
Fund will not extend the Application deadline for any Applicant that 
started the Grants.gov registration process but did not complete it by 
the deadline. An Applicant that has previously registered with 
Grants.gov must verify that its registration is current and active. 
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.
    Each Application must be signed by a designated Authorized 
Representative in AMIS before it can be submitted. Applicants must 
ensure that an Authorized Representative is authorized to sign legal 
documents on behalf of the organization. Consultants working on behalf 
of the organization may not be designated as Authorized 
Representatives. Only a designated Authorized Representative or 
Application Point of Contact, included in the Application, may submit 
the Application in AMIS. If an Authorized Representative or Application 
Point of Contact does not submit the Application, the Application will 
be deemed ineligible.
    D. Dun & Bradstreet Universal Numbering System (DUNS): Pursuant to 
the Uniform 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. 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. 
Registration in SAM is required as part of the Grants.gov registration 
process. The SAM registration process may take one month or longer to 
complete. A signed notarized letter identifying the SAM authorized 
entity administrator for the entity associated with the DUNS number is 
required. This requirement is applicable to new entities registering in 
SAM, as well as to existing entities with registrations being updated 
or renewed in SAM. Applicants without DUNS and/or EIN numbers should 
allow for additional time as an Applicant cannot register in SAM 
without those required numbers. 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 the SF-424 in 
Grants.gov or Application in AMIS by the applicable Application 
deadlines. These restrictions also apply to organizations that have not 
yet received a DUNS or EIN number. Applicants must contact SAM directly 
with questions related to registration or SAM account changes as the 
CDFI Fund does not maintain this system and has no ability to make 
changes or correct errors of any kind. For more information about SAM, 
visit https://www.sam.gov.

           Table 11_Grants.gov Registration Timeline Summary
------------------------------------------------------------------------
                                                 Estimated minimum time
             Step                   Agency             to complete
------------------------------------------------------------------------
Obtain a DUNS number.........  Dun &            One (1) Week. *
                                Bradstreet.
Obtain an EIN Number.........  Internal         Two (2) Weeks. *
                                Revenue
                                Service (IRS).
Register in SAM.gov..........  System for       Four (4) Weeks. *
                                Award
                                Management
                                (SAM.gov).
Register in Grants.gov.......  Grants.gov.....  One (1) Week. **
------------------------------------------------------------------------
* Applicants are advised that the stated durations are estimates only
  and represent minimum timeframes. Actual timeframes may take longer.
  The CDFI Fund will not consider any Applicant that fails to properly
  register or activate its SAM account, has not yet received a DUNS or
  EIN number, and/or fails to properly register in Grants.gov.
** This estimate assumes an Applicant has a DUNS number, an EIN number,
  and is already registered in SAM.gov.

    F. Submission Dates and Times:
    1. Submission Deadlines: The following table provides the critical 
deadlines for the FY 2019 Funding Round.

                        Table 12--FY 2019 Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
            Description                      Deadline             Time eastern time (ET)      Submission method
----------------------------------------------------------------------------------------------------------------
Last day to contact Certification,  May 1, 2019...............  11:59 p.m.................  Service Request via
 Compliance Monitoring and                                                                   AMIS.
 Evaluation (CCME) staff regarding
 CDFI Certification.
CDFI certification applications...  May 3, 2019...............  11:59 p.m.................  Electronically via
                                                                                             AMIS.
Create AMIS Account (New            May 3, 2019...............  11:59 p.m.................  AMIS.
 Applicants).
SF-424 (Application for Federal     May 3, 2019...............  11:59 p.m.................  Electronically via
 Assistance).                                                                                Grants.gov.
Last day to contact NACA Program    June 4, 2019..............  5:00 p.m..................  Service Request via
 staff.                                                                                      AMIS or CDFI Fund
                                                                                             Helpdesk: 202-653-
                                                                                             0421.
Last day to contact AMIS-IT Help    June 6, 2019..............  5:00 p.m..................  Service Request via
 Desk (regarding AMIS technical                                                              AMIS or 202-653-
 problems only).                                                                             0422 or
                                                                                             [email protected]
                                                                                             .

[[Page 13776]]

 
NACA Program Application for FA or  June 6, 2019..............  11:59 p.m.................  Electronically via
 TA.                                                                                         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 by the applicable deadline. All 
other Required Application Documents (listed in Table 10) must be 
submitted through the AMIS website by the applicable deadline. 
Applicants must submit the SF-424 prior to submitting the Application 
in AMIS. If the SF-424 is not successfully accepted by Grants.gov by 
the deadline, the CDFI Fund will not review the Application submitted 
in AMIS, and the Application will be deemed ineligible.
    a. Grants.gov Submission Information: Each Applicant will receive 
an email from Grants.gov immediately after submitting the SF-424 
confirming that the submission has entered the Grants.gov system. This 
email will contain a tracking number for the submitted SF-424. Within 
48 hours, the Applicant will receive a second email, which will 
indicate if the submitted SF-424 was either successfully validated or 
rejected with errors. However, Applicants should not rely on the email 
notification from Grants.gov to confirm that their SF-424 was 
validated. Applicants are strongly encouraged to use the tracking 
number provided in the first email to closely monitor the status of 
their SF-424 by contacting the helpdesk at Grants.gov directly. The 
Application material submitted in AMIS is not officially accepted by 
the CDFI Fund until Grants.gov has validated the SF-424.
    b. AMIS Submission Information: AMIS is a web-based portal where 
Applicants will directly enter their Application information and add 
the 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 Applicants to allow for 
sufficient time to review and complete all Required Application 
Documents listed in Table 10, and remedy any issues prior to the 
Application deadline. Each Application must be signed by an Authorized 
Representative in AMIS before it can be submitted. Applicants must 
ensure that the Authorized Representative is authorized to sign legal 
documents on behalf of the organization. Consultants working on behalf 
of the organization may not be designated as Authorized 
Representatives. Only an Authorized Representative or an Application 
Point of Contact may submit an Application. If an Authorized 
Representative or Application Point of Contact does not submit the 
Application, the Application will be deemed ineligible. Applicants may 
only submit one Base-FA or TA Application under the NACA Program. 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 if 
the SF-424 is not submitted and accepted by Grants.gov by the SF-424 
deadline. Additionally, the CDFI Fund will not accept an Application if 
it is not signed by an Authorized Representative and submitted in AMIS 
by the Application deadline. In either case, the CDFI Fund will not 
review any material submitted, and the Application will be deemed 
ineligible.
    However, in cases where a Federal government administrative or 
technological error directly resulted in a late submission of the SF-
424 or the Application, Applicants are provided two opportunities to 
submit a written request for acceptance of late submissions. The CDFI 
Fund will not consider the late submission of the SF-424 or the 
Application that was a direct result of a delay in a Federal Government 
process, unless such delay was the result of a Federal government 
administrative or technological error.
    a. SF-424 Late Submission: In cases where a Federal government 
administrative or technological error directly resulted in the late 
submission of the SF-424, the Applicant must submit a written request 
for acceptance of the late SF-424 submission and include documentation 
of the error no later than two business days after the SF-424 deadline. 
The CDFI Fund will not respond to requests for acceptance of late SF-
424 submissions after that time period. Applicants must submit late SF-
424 submission requests to the CDFI Fund via an AMIS service request to 
the NACA Program with a subject line of ``Late SF-424 Submission 
Request.''
    b. Application Late Submission: In cases where a Federal government 
administrative or technological error directly resulted in a late 
submission of the Application in AMIS, the Applicant must submit a 
written request for acceptance of the 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 
requests 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 NACA Program with a 
subject line of ``Late Application Submission Request.''
    G. Funding Restrictions: Base-FA, PPC-FA, DF-FA, HFFI-FA and TA 
awards are limited by the following:
    1. Base-FA awards:
    a. A Recipient shall use Base-FA funds only for the eligible 
activities described in Section II.(C)(1) of this NOFA and its 
Assistance Agreement.
    b. With the exception of Depository Institution Holding Company 
Applicants, Base-FA awards may not 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, 
unless done pursuant to a merger or acquisition or similar transaction, 
and with the CDFI Fund's prior written consent.
    c. Base-FA funds shall only be paid to the Recipient.
    d. The CDFI Fund, in its sole discretion, may pay Base-FA funds in 
amounts, or under terms and conditions, which are different from those 
requested by an Applicant.
    e. The Recipient must comply, as applicable, with the Buy American 
Act of 1933, 41 U.S.C. 8301-8303, with respect to any Direct Costs.
    2. PPC-FA awards:
    a. A Recipient shall use PPC-FA funds only for the eligible 
activities

[[Page 13777]]

described in Section II.(C)(5) of this NOFA and its Assistance 
Agreement.
    b. With the exception of Depository Institution Holding Company 
Applicants, PPC-FA awards may not 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, unless 
done pursuant to a merger or acquisition or similar transaction, and 
with the CDFI Fund's prior written consent.
    c. PPC-FA funds shall only be paid to the Recipient.
    d. The CDFI Fund, in its sole discretion, may pay PPC-FA funds in 
amounts, or under terms and conditions, which are different from those 
requested by an Applicant.
    e. The Recipient must comply, as applicable, with the Buy American 
Act of 1933, 41 U.S.C. 8301-8303, with respect to any Direct Costs.
    3. DF-FA awards:
    a. A Recipient shall use DF-FA funds only for the eligible 
activities described in Section II.(C)(2) of this NOFA and its 
Assistance Agreement.
    b. With the exception of Depository Institution Holding Company 
Applicants, DF-FA awards may not 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, unless 
done pursuant to a merger or acquisition or similar transaction, and 
with the CDFI Fund's prior written consent.
    c. DF-FA funds shall only be paid to the Recipient.
    d. The CDFI Fund, in its sole discretion, may pay DF-FA funds in 
amounts, or under terms and conditions, which are different from those 
requested by an Applicant.
    e. The Recipient must comply, as applicable, with the Buy American 
Act of 1933, 41 U.S.C. 8301-8303, with respect to any Direct Costs.
    2. HFFI-FA awards:
    a. A Recipient shall use HFFI-FA funds only for the eligible 
activities described in Section II.(C)(4) of this NOFA and its 
Assistance Agreement.
    b. With the exception of Depository Institution Holding Company 
Applicants, HFFI-FA awards may not 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, 
unless done pursuant to a merger or acquisition or similar transaction, 
and with the CDFI Fund's prior written consent.
    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.
    e. The Recipient must comply, as applicable, with the Buy American 
Act of 1933, 41 U.S.C. 8301-8303, with respect to any Direct Costs.
    3. TA grants:
    a. A Recipient shall use TA funds only for the eligible activities 
described in Section II.(C)(3) 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. With the exception of Depository Institution Holding Company 
Applicants, TA awards may not 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, unless done 
pursuant to a merger or acquisition or similar transaction, and with 
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.
    f. The Recipient must comply, as applicable, with the Buy American 
Act of 1933, 41 U.S.C. 8301-8303, with respect to any Direct Costs.

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 
Requirements. The CDFI Fund reserves the right to contact the Applicant 
by telephone, email, or mail for the purpose of clarifying or 
confirming Application information. If contacted, the Applicant must 
respond within the time period communicated by the CDFI Fund or risk 
that its Application will be rejected. The CDFI Fund will review the 
Base-FA, DF-FA, PPC-FA, HFFI-FA, and TA Applications in accordance with 
the process below. All internal and external reviewers will 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 
website.
    1. Base-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 the partnership in the Application pursuant to the 
requirements set forth in Table 8, and will be evaluated in accordance 
with the review process described below.
    a. Step 1: Eligibility Review: The CDFI Fund will evaluate each 
Application to determine its eligibility status pursuant to Section III 
of this NOFA.
    b. Step 2: Financial Analysis and Compliance Risk Evaluation: Step 
2 contains two main components: Financial Analysis and Compliance Risk 
Evaluation.
    i. Step 2: Financial Analysis: For Insured Depository Institutions, 
the CDFI Fund will consider financial safety and soundness information 
from the Appropriate Federal or State Banking Agency. As detailed in 
Table 8, each Insured Depository Institution FA Applicant must have a 
CAMELS/CAMEL rating of at least ``3'' and/or no significant materials 
concerns from its regulator.
    For non-regulated Applicants, the CDFI Fund will evaluate the 
financial health and viability of each non-regulated Applicant using 
financial information provided by the Applicant. The CDFI Fund will 
also evaluate the compliance risk of each non-regulated Applicant using 
information provided in the Application as well as an Applicant's 
reporting history, reporting capacity, and performance risk with 
respect to the CDFI Fund's Performance Goals and Measures (PG&Ms). For 
the Financial Analysis, each non-regulated Applicant will receive a 
Total Financial Composite Score on a scale of one (1) to five (5), with 
one (1) being the highest rating. The Total Financial Composite Score 
is based on the analysis of twenty-three (23) financial indicators. 
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 an initial Total Financial Composite Score of four (4) or five 
(5) will be re-evaluated and re-scored by CDFI Fund staff. If the

[[Page 13778]]

Total Financial Composite Score remains four (4) or five (5) after CDFI 
Fund staff review, the Applicant will not advance to Step 3.
    ii. Step 2: Compliance Risk Evaluation: For the compliance 
analysis, the CDFI Fund will evaluate the compliance risk of each 
Applicant using information provided in the Application as well as an 
Applicant's reporting history, reporting capacity, and performance risk 
with respect to the CDFI Fund's PG&Ms. Each Applicant will receive a 
Total Compliance Composite Score on a scale of one (1) to five (5), 
with one (1) being the highest rating. Applicants that receive an 
initial Total Compliance Composite Score of four (4) or five (5) will 
be re-evaluated by CDFI Fund Staff. If the Applicant is deemed a high 
compliance risk after CDFI Fund Staff review, the Applicant will not 
advance to Step 3.
    c. Step 3: Business Plan Review: Applicants that proceed to Step 3 
will be evaluated on the soundness of its comprehensive business plan. 
Two external non-CDFI Fund Reviewers will conduct the Step 3 
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 that is either (1) equal to 
receiving a point score equivalent to a ``Good'' out of a ranking scale 
in descending order of Excellent, Good, Fair, Limited or Poor, in each 
section listed in Table 13, or (2) within the top 70 percent of the 
NACA FA Applicant pool, whichever is greater. In the case of tied Total 
Business Plan Scores that would prevent an Applicant from moving to 
Step 4, all Applicants with the same score will progress to Step 4.

     Table 13--Step 3: Base-FA Business Plan Review Scoring Criteria
------------------------------------------------------------------------
                                                       Score needed to
Base-FA application sections     Possible score            advance
------------------------------------------------------------------------
Executive Summary...........  Not Scored..........  N/A
Business Strategy...........  12..................  N/A.
Market and Competitive        7...................  N/A.
 Analysis.
Products and Services.......  12..................  N/A.
Management and Track Record.  12..................  N/A.
Growth and Projections......  7...................  N/A.
                             -------------------------------------------
    Total Business Plan       50..................  NACA Applicants: Top
     Score.                                          70 percent of all
                                                     NACA Applicant Step
                                                     3 Scores.
------------------------------------------------------------------------

    d. Step 4: Policy Objective Review: The CDFI Fund internal 
reviewers will evaluate each Application to determine its ability to 
meet policy objectives of the CDFI Fund. The policy objectives 
considered in this evaluation are listed in Table 14 below. 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); ability to meet FA 
Objective(s) selected by Base-FA Applicants in their Applications; 
reports and findings from audits; and the Applicant's ability to 
effectively implement Federal requirements, each of which could impact 
the Total Policy Objective Review Score. Each Applicant will be 
evaluated in each of the categories listed in Table 14, and will 
receive a Total Policy Objective Review Composite 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.

                            Table 14--Step 4: Base-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.
Community Collaboration.........  1, 2, 3, 4, or 5..............               1  N/A.
                                 -------------------------------------------------------------------------------
    Total Policy Objective        1, 2, 3, 4, or 5..............               1  All Scores Advance.
     Review Composite 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 
other factors, 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: A CDFI Fund 
internal reviewer will evaluate each HFFI-FA Application associated 
with a Base-FA Application that progresses to Step 4 of the FA 
Application review process. The reviewer will evaluate the Application 
sections listed in Table 15 and assign a Total HFFI-FA Score up to 60 
points. The CDFI Fund will make awards to the highest scoring 
Applicants first. All Applications will be reviewed in accordance with 
standard reviewer evaluation materials. Applicants that fail to receive 
a Base-FA award will not be considered for a HFFI-FA award.
    The CDFI Fund conducts additional levels of due diligence for 
Applications that are in contention for an HFFI-FA 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

[[Page 13779]]

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 but not limited to, an Applicant's loan disbursement activity 
or total portfolio outstanding. Lastly, the CDFI Fund may consider the 
geographic diversity of Applicants when making its funding decisions.

          Table 15--Step 4 HFFI-FA Application Scoring Criteria
------------------------------------------------------------------------
                                                          Possible score
                        Sections                             (points)
------------------------------------------------------------------------
Target Market Profile...................................              20
Healthy Food Financial Products.........................              20
Projected HFFI-FA Activities and HFFI Track Record......              15
Management Capacity for Providing Healthy Food Financing               5
                                                         ---------------
    Total HFFI-FA Possible Score........................              60
------------------------------------------------------------------------

    3. Persistent Poverty Counties--Financial Assistance (PPC-FA) 
Application Scoring, Award Selection, Review, and Selection Process: A 
CDFI Fund internal reviewer will evaluate the PPC-FA request of each 
associated Base-FA Application that progresses to Step 4 of the FA 
Application review process. PPC-FA requests are not scored. PPC-FA 
award amounts will be determined based on the total number of eligible 
Applicants and funding availability, the Applicant's requested amount, 
and on certain factors, including but not limited to, an Applicant's 
overall portfolio size, historical track record of deployment in PPC, 
pipeline of projects in PPC, minimum award size, and funding 
availability. Applicants that fail to receive a Base-FA award will not 
be considered for a PPC-FA award.
    4. Disability Funds-Financial Assistance (DF-FA) Application 
Scoring, Award Selection, Review, and Selection Process: A CDFI Fund 
internal reviewer will evaluate each DF-FA Application associated with 
a Base-FA Application that progresses to Step 4 of the FA Application 
review process. The reviewer will evaluate the Application and assign a 
Total DF-FA Score on a scale of one (1) to three (3), with one (1) 
being the highest score. Applicants are then grouped according to Total 
DF-FA Score. All Applications will be reviewed in accordance with 
standard reviewer evaluation materials. Applicants that fail to receive 
a Base-FA award will not be considered for a DF-FA award. Award amounts 
will be determined on the basis of the Total DF-FA Score, the 
Applicant's requested amount, and on certain factors, 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. The CDFI Fund will 
make awards to the highest scoring Applicants first.

           Table 16--Step 3 DF-FA Application Scoring Criteria
------------------------------------------------------------------------
                                             Possible
                 Section                      scores        High score
------------------------------------------------------------------------
DF-FA Narrative Questions...............      1, 2, or 3               1
                                         -------------------------------
    Total DF-FA Score...................      1, 2, or 3               1
------------------------------------------------------------------------

    5. Technical Assistance (TA) Application Scoring, Award Selection, 
Review, and Selection Process: The CDFI Fund will evaluate each 
Application to determine its eligibility pursuant to Section III of 
this NOFA. If the Application satisfies the eligibility criteria, the 
CDFI Fund will evaluate the TA Application. Sponsoring Entity, Emerging 
CDFI or Certifiable CDFI Applicants must receive a rating of Low Risk 
or Medium Risk in Section I of the TA Business Plan Review to progress 
to Section II of the TA Business Plan Review. Sponsoring Entity, 
Emerging CDFI or Certifiable CDFI Applicants that receive a rating of 
High Risk in Section I of the TA Business Plan Review will not be 
considered for an award. Sponsoring Entity, Emerging CDFI, Certifiable 
CDFI, and Certified CDFI Applicants must receive a rating of Low Risk 
or Medium Risk in Section II of the TA Business Plan Review to be 
considered for an award. Applicants that receive a rating of High Risk 
in Section II of the TA Business Plan Review will not be considered for 
an award.
    An Applicant that is a Certified CDFI will be evaluated 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 evaluated 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 evaluated 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 CDFI's capacity and further its strategic goals.
    The CDFI Fund will rate each part of the TA Business Plan Review as 
indicated in Table 17.

[[Page 13780]]



                    Table 17--TA Business Plan Review
------------------------------------------------------------------------
    Business Plan Review
          component              Applicant type            Ratings
------------------------------------------------------------------------
Section I:
    Primary Mission.........  Sponsoring Entity,    Low Risk, Medium
                               Emerging, and         Risk, or High Risk.
                               Certifiable
                               Applicants.
    Financing Entity........  Sponsoring Entity,
                               Emerging, and
                               Certifiable
                               Applicants.
    Target Market...........  Sponsoring Entity,
                               Emerging, and
                               Certifiable
                               Applicants.
    Accountability..........  Sponsoring Entity,
                               Emerging, and
                               Certifiable
                               Applicants.
    Development Services....  Sponsoring Entity,
                               Emerging, and
                               Certifiable
                               Applicants.
Section II:
    Target Market Needs &     Sponsoring Entity,    Low Risk, Medium
     Strategy.                 Emerging,             Risk, or High Risk.
                               Certifiable, and
                               Certified
                               Applicants.
    Organizational Capacity.  Sponsoring Entity,
                               Emerging,
                               Certifiable, and
                               Certified
                               Applicants.
    Management Capacity.....  Sponsoring Entity,
                               Emerging,
                               Certifiable, and
                               Certified
                               Applicants.
------------------------------------------------------------------------

    Each TA Application will be evaluated by one internal CDFI Fund 
reviewer. All Applications will be reviewed in accordance with CDFI 
Fund standard reviewer evaluation materials for the Business Plan 
Review.
    The CDFI Fund conducts additional levels of due diligence for 
Applications that are in 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. The 
CDFI Fund will also evaluate the compliance risk of each Applicant 
using information provided in the Application as well as an Applicant's 
reporting history, reporting capacity, and performance risk with 
respect to the CDFI Fund's PG&Ms. Each Applicant will receive a Total 
Compliance Composite Score on a scale of one (1) to five (5), with one 
(1) being the highest rating. Applicants that receive an initial Total 
Compliance Composite Score of four (4) or five (5) will be re-evaluated 
by CDFI Fund Staff. If the Applicant is deemed a high compliance risk 
after CDFI Staff review, the Applicant will not be considered for an 
award. The CDFI Fund will also evaluate the Applicant's ability to meet 
certification criteria of being a legal entity and a non-government 
entity. Award amounts may be reduced as a result of the due diligence 
analysis in addition to consideration 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.
    6. 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 Certified CDFI 
Subsidiary Insured Depository Institution that will expend and carry 
out the award. If the Appropriate Federal or State Banking Agency 
identifies safety and soundness concerns, the CDFI Fund will assess 
whether such concerns cause or will cause the Applicant to be incapable 
of undertaking the activities for which funding has been requested.
    7. Non-Regulated Institutions: The CDFI Fund must ensure, to the 
maximum extent practicable, that Recipients which 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 that 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 
NACA Program award announcement before December 31, 2019. However, the 
anticipated award announcement date is subject to change without 
notice.
    C. Application Rejection: The CDFI Fund reserves the right to 
reject an Application if information (including administrative errors) 
comes to the CDFI Fund's attention that: 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 website. 
The CDFI Fund's award decisions are final, and there is no right to 
appeal 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 
website.

[[Page 13781]]

VI. Federal Award Administration Information

    A. Award Notification: Each successful Applicant will receive an 
email ``notice of award'' notification from the CDFI Fund stating that 
its Application has been approved for an award. Each Applicant not 
selected for an award will receive an email stating that a debriefing 
notice has been provided in its AMIS account.
    B. Assistance Agreement: Each Applicant selected to receive an 
award must enter into an Assistance Agreement with the CDFI Fund in 
order to receive a payment(s). The Assistance Agreement will set forth 
the award's terms and conditions, including but not be limited to the: 
(i) Award amount; (ii) award type; (iii) award uses; (iv) eligible use 
of funds; (v) performance goals and measures; and (vi) reporting 
requirements. FA Assistance Agreements have three-year periods of 
performance. TA Assistance Agreements have two-year periods of 
performance for Certified CDFIs, three-year periods of performance for 
Emerging CDFIs or Certifiable CDFIs, 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 jurisdiction of formation prior to closing. 
This certificate can often be acquired online on the secretary of state 
website for the Recipient's jurisdiction of formation and must 
generally be dated within 180 days prior to 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 announcement. The CDFI Fund reserves the right to increase 
the first payment amount on any award to ensure that any subsequent 
payments are greater than $25,000 for FA and $5,000 for TA awards.
    The CDFI Fund will minimize the time between the Recipient 
incurring costs for eligible activities and award payment in accordance 
with the Uniform Requirements. 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 documentation in addition to the Assistant Agreement that 
is 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 errors) 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 in the Uniform 
Requirements; the Recipient has failed to execute and return a prior 
round Assistance Agreement to the CDFI Fund within the CDFI Fund's 
deadlines; 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 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 18--Requirements Prior To Executing an Assistance Agreement
------------------------------------------------------------------------
            Requirement                           Criteria
------------------------------------------------------------------------
Failure to meet reporting           If a Recipient received a prior
 requirements.                       award under any CDFI Fund program
                                     and is not in compliance with the
                                     reporting requirements of the
                                     previously executed agreement(s),
                                     the CDFI Fund may delay entering
                                     into an Assistance Agreement or
                                     disbursing an award until such
                                     reporting requirements are met. If
                                     the Recipient is unable to meet the
                                     requirement(s) within the timeframe
                                     specified by the CDFI Fund, 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 and are 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.
                                     If TA Recipient is a
                                     Certified CDFI at the time of award
                                     announcement, it must maintain CDFI
                                     Certification.
                                     If a Certified CDFI TA
                                     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 with
                                     any of its previously executed CDFI
                                     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.

[[Page 13782]]

 
Noncompliance status..............   If, at any time prior to
                                     entering into an Assistance
                                     Agreement, the CDFI Fund determines
                                     that a Recipient is noncompliant
                                     with any previously executed CDFI
                                     award agreement(s) 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
                                     may delay entering into an
                                     Assistance Agreement until the
                                     Recipient has cured the
                                     noncompliance by taking actions the
                                     CDFI Fund has specified within such
                                     specified timeframe. If the
                                     Recipient is unable to cure the
                                     noncompliance 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 in 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 during the Period of 
Performance, the CDFI Fund may collect information from each Recipient 
including, but not limited to, an Annual Report with the following 
components (Annual Reporting Requirements):

                 Table 19--Annual Reporting Requirements
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Financial Statement Audit Report    A Non-profit Recipient (including
 (Non-profit Recipient including     Insured Credit Unions) must submit
 Insured Credit Unions).             a Financial Statement Audit (FSA)
                                     report in AMIS, along with the
                                     Recipient's statement of financial
                                     condition audited or reviewed by an
                                     independent certified public
                                     accountant, if any are prepared.
                                    Under no circumstances should this
                                     be construed as the CDFI Fund
                                     requiring the Recipient to conduct
                                     or arrange for additional audits
                                     not otherwise required under
                                     Uniform Requirements or otherwise
                                     prepared at the request of the
                                     Recipient or parties other than the
                                     CDFI Fund.
Financial Statement Audit Report    For-profit Recipients must submit a
 (For-Profit Recipient).             FSA report in AMIS, along with the
                                     Recipient's statement of financial
                                     condition audited or reviewed by an
                                     independent certified public
                                     accountant.
Financial Statement Audit Report    If the Recipient is a Depository
 (DIHC and Insured Depository        Institution Holding Company or an
 Institution).                       Insured Depository Institution, it
                                     must submit a FSA report in AMIS.
Single Audit Report (Non-Profit     A non-profit Recipient must complete
 Recipients, if applicable).         an annual Single Audit pursuant to
                                     the Uniform Requirements (2 CFR
                                     200.500) if it expends $750,000 or
                                     more in Federal awards in its
                                     fiscal year, or such other dollar
                                     threshold established by OMB
                                     pursuant to 2 CFR 200.500. If a
                                     Single Audit is required, it must
                                     be submitted electronically to the
                                     Federal Audit Clearinghouse (FAC)
                                     (see 2 CFR subpart F--Audit
                                     Requirements in the Uniform
                                     Requirements) and optionally
                                     through AMIS.
Transaction Level Report (TLR)....  The Recipient must submit a TLR to
                                     the CDFI Fund through AMIS.
                                    If the Recipient is a Depository
                                     Institution Holding Company that
                                     deploys all or a portion of its
                                     Financial Assistance through its
                                     Subsidiary CDFI Insured Depository
                                     Institution, that Subsidiary CDFI
                                     Insured Depository Institution must
                                     also submit a TLR. Furthermore, if
                                     the Depository Institution Holding
                                     Company itself deploys any portion
                                     of the Financial Assistance, the
                                     Depository Institution Holding
                                     Company must submit a TLR.
                                    The TLR is not required for TA
                                     Recipients.
Uses of Award Report..............  The Recipient must submit the Uses
                                     of Award Report to the CDFI Fund in
                                     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, 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. The
                                     Shareholders Report is submitted
                                     through AMIS.
Performance Progress Report.......  The Recipient must submit the
                                     Performance Progress Report through
                                     AMIS.
Financial Statement Audit Report    A Sponsoring Entity must submit a
 (Sponsoring Entities).              FSA report in AMIS, along with a
                                     statement of financial condition
                                     audited or reviewed by an
                                     independent certified public
                                     accountant, if any are prepared.
                                    Under no circumstances should this
                                     be construed as the CDFI Fund
                                     requiring the Sponsoring Entity to
                                     conduct or arrange for additional
                                     audits not otherwise required under
                                     Uniform Requirements or otherwise
                                     prepared at the request of the
                                     Sponsoring Entity or parties other
                                     than the CDFI Fund.
------------------------------------------------------------------------

    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

[[Page 13783]]

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/or documentation. The 
CDFI Fund will use such information to monitor each Recipient's 
compliance with the requirements of 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 the CDFI Fund to ensure compliance 
with the terms and conditions of the NACA Program, including the 
tracing of funds to a level of expenditures adequate to establish that 
such funds have been used in accordance with 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 appropriate 
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 
Time, starting on the date that the NOFA is published through the date 
listed in Table 1 and Table 12. The CDFI Fund strongly recommends 
Applicants submit questions to the CDFI Fund via an AMIS service 
request to the NACA Program, Certification, Compliance Monitoring and 
Evaluation Unit, or IT Help Desk. The CDFI Fund will post on its 
website responses to reoccurring questions received about the NOFA and 
Application. Other information regarding the CDFI Fund and its programs 
may be obtained from the CDFI Fund's website at https://www.cdfifund.gov. Table 20 lists CDFI Fund contact information:

                                          Table 20--Contact Information
----------------------------------------------------------------------------------------------------------------
                                                                 Telephone number (not
           Type of question                Preferred method            toll free)            Email addresses
----------------------------------------------------------------------------------------------------------------
NACA Program.........................  Service Request via      202-653-0421, option 1.  [email protected]
                                        AMIS.                                             .
CCME.................................  Service Request via      202-653-0423...........  [email protected].
                                        AMIS.
AMIS--IT Help Desk...................  Service Request via      202-653-0422...........  [email protected].
                                        AMIS.
----------------------------------------------------------------------------------------------------------------

    B. Information Technology Support: For IT assistance, the preferred 
method of contact is to submit a Service Request within AMIS. For the 
Service Request, select ``Technical Issues'' from the Program dropdown 
menu of the Service Request. People who have visual or mobility 
impairments that prevent them from using the CDFI Fund's website 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 the 
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), 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. The DF-FA Application has been assigned the following 
control number: 1559-0048. The HFFI-FA Application has been assigned 
the following control number: 1559-0040.
    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, visit the CDFI Fund's website 
at https://www.cdfifund.gov.

    Authority:  12 U.S.C. 4701, et seq; 12 CFR parts 1805 and 1815; 
2 CFR part 200.

Jodie L. Harris,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2019-06623 Filed 4-4-19; 8:45 am]
 BILLING CODE 4810-70-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.