California Code of Regulations
Title 4 - Business Regulations
Division 11 - California Pollution Control Financing Authority
Article 13 - California Investment and Innovation Program
Section 8143 - Application Requirements

Universal Citation: 4 CA Code of Regs 8143

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) When funding is available, the Authority shall post to its website a Notice of Funding Availability at least 30 days in advance of the application deadline. The Notice shall provide a link to the application requirements.

(b) An application shall include the following:

(1) Applicant Information.
(A) The legal name of the CDFI applying for a grant, address of the principal office, phone number, website, Employer Identification Number (EIN) or Taxpayer Identification Number (TIN);

(B) Financial institution type (e.g., bank or thrift-state chartered, loan fund, credit union, bank holding, bank or thrift, venture capitalist), date of incorporation, financial activities start date, and total asset size;

(C) Name, title, and e-mail address for authorized representative(s);

(D) Name, phone number, and e-mail address for primary point of contact;

(E) The grant amount sought, not to exceed the applicable maximum eligible amount in section 8144;

(F) Applicant's fiscal year;

(G) A narrative of previous Grants awarded by the Authority, if applicable, and how previously awarded Grant funds were spent; and

(H) Indicate if Applicant is a small and emerging CDFI.

(2) Project Information.
(A) Detailed narrative that includes a discussion of the Applicant's mission, organization infrastructure and resources to support ongoing activities, management team, and strategic plans;

(B) Explanation of how the Grant will support the Applicant's mission;

(C) Description of the proposed Eligible Activities that will be performed with the Grant;

(D) List of current markets served;

(E) List of targeted regions and client types;

(F) Identification of any proposed new target markets that will be served by the Grant;

(G) Identification of any proposed new financial activities and services that will be undertaken with the Grant; and

(H) Description of the level of distress of the impacted community or new market that is being served. Include indicators to help quantify the level of distress that underserved communities are experiencing, such as geography, unemployment rate, poverty rate, industries impacted, number of businesses licenses issued, and fiscal stress.

(3) Attachments.
(A) Attachment A: Current federal certification as described in Health and Safety Code section 44558, subdivision (f)(1);

(B) Attachment B: Financial statements for the past three years; and

(C) Attachment C: Loan Portfolio.

Note: Authority cited: Sections 44520 and 44558.4, Health & Safety Code. Reference: Section 44558.2, Health & Safety Code.

Note: Authority cited: Sections 44520 and 44558.4, Health & Safety Code. Reference: Section 44558.2, Health & Safety Code.

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