Notice of Funds Availability (NOFA) Inviting Applications for Financial Assistance (FA) Awards or Technical Assistance (TA) Grants Under the Native American CDFI Assistance Program (NACA Program) Fiscal Year (FY) 2017 Funding Round
Federal Register, Volume 82 Issue 37 (Monday, February 27, 2017)
Federal Register Volume 82, Number 37 (Monday, February 27, 2017)
Notices
Pages 12008-12026
From the Federal Register Online via the Government Publishing Office www.gpo.gov
FR Doc No: 2017-03744
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DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Notice of Funds Availability (NOFA) Inviting Applications for Financial Assistance (FA) Awards or Technical Assistance (TA) Grants Under the Native American CDFI Assistance Program (NACA Program) Fiscal Year (FY) 2017 Funding Round
Announcement Type: Announcement of funding opportunity.
Funding Opportunity Number: CDFI-2017-NACA.
Catalog of Federal Domestic Assistance (CFDA) Number: 21.020.
Key Dates:
Page 12009
Table 1--FY 2017 NACA Program Funding Round Critical Deadlines for Applicants
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Time (eastern daylight
Description Deadline time--EDT) Submission method
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CDFI Certification Applications.... March 24, 2017........ 11:59 p.m. EDT........ Electronically via Award
Management Information
System (AMIS).
SF424 (Application for Federal March 24, 2017........ 11:59 p.m. EDT........ Electronically via
Assistance). Grants.gov.
Last day to contact NACA Program April 26, 2017........ 5:00 p.m. EDT......... Service Request via Award
staff. Management Information
System (AMIS) or CDFI Fund
Helpdesk: 202-653-0421 or
cdfihelp@cdfi.treas.gov.
NACA Program Application for April 28, 2017........ 11:59 p.m. EDT........ Electronically via Awards
Financial Assistance (FA) or Management Information
Technical Assistance (TA). System (AMIS).
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Executive Summary: Through the NACA Program, the CDFI Fund provides (i) FA awards of up to $1 million to Certified Community Development Financial Institutions (CDFIs) serving Native American, Alaska Native, or Native Hawaiian populations or Native American areas defined as Federally-designated reservations, Hawaiian homelands, Alaska Native Villages and U.S. Census Bureau-designated Tribal Statistical Areas (collectively, ``Native Communities'') to build their financial capacity to lend to their Target Markets, and (ii) TA grants of up to $150,000 to build Certified, Certifiable, and Emerging CDFIs' organizational capacity to serve their Target Markets and Sponsoring Entities ability to create Certified CDFIs that serve Native Communities. All awards provided through this NOFA are subject to funding availability.
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Program Description
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History: The CDFI Fund was established by the Riegle Community Development Banking and Financial Institutions Act of 1994 to promote economic revitalization and community development through investment in and assistance to CDFIs. Since its creation in 1994, the CDFI Fund has awarded more than $2.2 billion to CDFIs, community development organizations, and financial institutions through the Community Development Financial Institutions Program (CDFI Program), the Native American CDFI Assistance Program (NACA Program), the Bank Enterprise Award Program (BEA Program), the Capital Magnet Fund, and the Financial Education and Counseling Pilot Program. In addition, the CDFI Fund has allocated more than $50.5 billion in tax credit allocation authority through the New Markets Tax Credit Program (NMTC Program) and has obligated $1.1 billion in bond guarantees to Eligible CDFIs through the CDFI Bond Guarantee Program.
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Priorities: Through the NACA Program's FA awards and TA grants, the CDFI Fund invests in and builds the capacity of for-profit and non-
profit community based lending organizations known as Community Development Financial Institutions, or CDFIs. These organizations, Certified as CDFIs by the CDFI Fund, serve Native Communities.
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Program Regulations: The regulations governing the CDFI Program are found at 12 CFR parts 1805 and 1815 (the Regulations), and are used by the CDFI Fund to govern, in general, the NACA Program, setting forth evaluation criteria and other program requirements. The CDFI Fund encourages Applicants to review the Regulations; this NOFA; the Application; and the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR 200; 78 Federal Register 78590) (Uniform Administrative Requirements) for a complete understanding of the NACA Program. Capitalized terms in this NOFA are defined in the authorizing statute, the Regulations, this NOFA, the Application, or the Uniform Administrative Requirements. Details regarding Application content requirements are found in the Application and related materials.
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Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR 200): The Uniform Administrative Requirements codifies financial, administrative, procurement, and program management standards that Federal award agencies must follow. When evaluating award applications, awarding agencies must evaluate the risks to the program posed by each applicant, and each applicant's merits and eligibility. These requirements are designed to ensure that applicants for Federal assistance receive a fair and consistent review prior to an award decision. This review will assess items such as the Applicant's financial stability, quality of management systems, the soundness of its business plan, history of performance, ability to achieve measurable impacts through its products and services, and audit findings. In addition, the Uniform Administrative Requirements include guidance on audit requirements and other award compliance requirements for award Recipients.
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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.
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Federal Award Information
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Funding Availability:
1. FY 2017 Funding Round: The CDFI Fund expects to award, through this NOFA, approximately $15.5 million as indicated in the following table:
Page 12010
Table 2--FY 2017 Funding Round Anticipated Category Amounts
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Estimated Award amount Estimated Estimate
total amount -------------------------------- number of average amount Average amount
Funding categories (see definition in table 7) to be awarded awards for FY awarded in FY awarded in FY
(millions) Minimum Maximum 2017 2017 2016
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FA...................................................... $12.5 $150,000 $1,000,000 26 $500,000 $600,000
TA...................................................... 3 10,000 150,000 16 145,000 145,000
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Total............................................... 15.5 .............. .............. 42 .............. ..............
Healthy Food Financing Initiative--Financial Assistance 22 500,000 5,000,000 10 2,200,000 2,400,000
(HFFI-FA) *............................................
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* HFFI-FA appropriation will be allocated in one competitive round between the NACA and CDFI Program NOFAs.
The CDFI Fund reserves the right to award more or less than the amounts cited above in each category, based upon available funding and other factors, as appropriate.
2. Funding Availability for the FY 2017 Funding Round: Funds for the FY 2017 Funding Round are subject to change based on passage of a final FY 2017 budget; if Congress does not appropriate funds for the NACA Program there will not be a FY 2017 Funding Round. If funds are appropriated, the amount of such funds may be greater or less than the amounts set forth above. The CDFI Fund reserves the right to contact applicants to seek additional information in the event that that final FY 2017 appropriations for the NACA Program change any of the requirements of this NOFA. As of the date of this NOFA, the CDFI Fund is operating under a continuing funding resolution as enacted by the Further Continuing and Security Assistance Appropriations Act of 2017 (Pub. L. 114-254).
3. Anticipated Start Date and Period of Performance: The CDFI Fund anticipates the period of performance for the FY 2017 Funding Round will begin in late September 2017. Specifically, the period of performance for TA grants begins with the date of the notice of the award and includes either (i) an Emerging or Certifiable CDFI award Recipient's three full consecutive fiscal years after the date of the notice of the award or (ii) a Certified CDFI Recipient's two full consecutive fiscal years after the notice of the award, or (iii) a Sponsoring Entity award Recipient's four full consecutive fiscal years after the date of the notice of the award, during which the Recipient must meet the performance goals set forth in the Assistance Agreement. The period of performance for FA awards begins with the date of the notice of the award and includes an award Recipient's three full consecutive fiscal years after the date of the notice of the award, during which time the Recipient must meet its performance goals.
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Types of Awards: Through the NACA Program, the CDFI Fund provides two types of awards: Financial Assistance (FA) and Technical Assistance (TA) awards. An Applicant may submit an Application for a TA grant or an FA award, but not both.
1. FA Awards: FA awards can be in the form of loans, grants, Equity Investments, deposits and credit union shares. The form of the FA award is based on the form of the matching funds that the Applicant includes in its Application, unless Congress waives the matching funds requirement. Matching funds are required for FA awards, must be from non-Federal sources, and cannot have been used as matching funds for any other Federal award. The CDFI Fund reserves the right, in its sole discretion, to provide an FA award in an amount other than that which the Applicant requests; however, the award amount will not exceed the Applicant's award request as stated in its Application.
2. Healthy Food Financing Initiative--Financial Assistance (HFFI-
FA) Awards: HFFI-FA awards will be provided as a supplement to FA awards; therefore, only those Applicants that have been selected to receive an FA award through the NACA Program FY 2017 Funding Round will be eligible to receive an HFFI-FA award. HFFI-FA awards can be in the form of loans, grants, Equity Investments, deposits and credit union shares. The form of the HFFI-FA award is based on the form of the matching funds that the Applicant includes in its Application, unless Congress waives the matching funds requirement. Matching funds are required for HFFI-FA awards, must be from non-Federal sources, and cannot have been used as matching funds for any other Federal award. The CDFI Fund reserves the right, in its sole discretion, to provide an HFFI-FA award in an amount other than that which the Applicant requests; however, the award amount will not exceed the Applicant's award request as stated in its Application.
3. TA Grants: TA is provided in the form of grants. The CDFI Fund reserves the right, in its sole discretion, to provide a TA grant in an amount other than which the Applicant requests; however, the TA grant amount will not exceed the Applicant's request as stated in its Application and the applicable budget chart.
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Eligible Activities:
1. FA Awards: FA and HFFI-FA award funds can be expended for activities serving Commercial Real Estate, Small Business, Microenterprise, Community Facilities, Consumer Financial Products, Consumer Financial Services, Commercial Financial Services, Affordable Housing, Intermediary Lending to Non-Profits and CDFIs, and other lines of business as deemed appropriate by the CDFI Fund in the following five categories: (i) Financial Products; (ii) Financial Services; (iii) Loan Loss Reserves; (iv) Development Services; and (v) Capital Reserves. FA awards can only be used for direct costs associated with an eligible activity; no indirect expenses are allowed. Up to 15 percent of the FA award can be used for Direct Administrative Expenses associated with an eligible FA activity. For purposes of this NOFA, the five eligible activity categories are defined as follows:
Page 12011
Table 3--FA and HFFI-FA Eligible Activity Categories
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Eligible CDFI
FA eligible activity FA eligible activity institution
definition types
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i. Financial Products......... FA expended as loans, All.
Equity Investments
and similar financing
activities (as
determined by the
CDFI Fund) including
the purchase of loans
originated by
certified CDFIs and
the provision of loan
guarantees; in the
case of CDFI
Intermediaries,
Financial Products
may also include
loans to CDFIs and/or
emerging CDFIs and
deposits in Insured
Credit Union CDFIs,
emerging Insured
Credit Union CDFIs,
and/or State-Insured
Credit Union CDFIs.
ii. Financial Services........ FA expended for Insured
providing checking, Depository
savings accounts, Institutions
check cashing, money only.
orders, certified Not applicable
checks, automated for HFFI-FA
teller machines, Recipients.
deposit taking, safe
deposit box services,
and other similar
services.
iii. Loan Loss Reserves....... FA set aside in the All.
form of cash
reserves, or through
accounting-based
accrual reserves, to
cover losses on
loans, accounts, and
notes receivable made
in the Applicant's
Target Market, or for
related purposes that
the CDFI Fund deems
appropriate.
iv. Development Services...... FA expended for All.
activities undertaken
by a CDFI, its
Affiliate or
contractor that
promote community
development and shall
prepare or assist
current or potential
borrowers or
investees to use the
CDFI's Financial
Products or Financial
Services. For
example, such
activities include,
financial or credit
counseling;
homeownership
counseling; and
business planning and
management assistance.
v. Capital Reserves........... FA set aside as Insured
reserves to support Depository
the Applicant's Institutions
ability to leverage only.
other capital, for
such purposes as
increasing its net
assets or serving the
financing needs of
its Target Market, or
for related purposes
as the CDFI Fund
deems appropriate.
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2. TA Grants: TA grant funds can be expended for the following seven eligible activity categories: (i) Compensation--personnel services; (ii) Compensation--fringe benefits; (iii) Professional Service Costs; (iv) Travel Costs; (v) Training and Education Costs; (vi) Equipment and other capital expenditures; and (vii) Supplies. Each of the eligible activity categories will not be authorized for indirect costs or an associated indirect cost rate. For purposes of this NOFA, the seven eligible activity categories are defined as follows:
Table 4--TA Eligible Activity Categories
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(i) Compensation--personnel TA paid to cover salaries of the
services. Applicant's personnel that are paid
currently or accrued by the
Applicant for work performed
directly related to carrying out
the purpose of the TA grant
(including activities related to
becoming certified as a CDFI),
subject to the applicable
provisions of the Uniform
Administrative Requirements.
(ii) Compensation--fringe benefits TA paid to cover costs of the
Applicant's personnel employment
(other than the employees'
salaries) in proportion to the
salary charged to the TA grant, to
the extent that such payments are
made under formally established and
consistently applied organizational
policies, subject to the applicable
provisions of the Uniform
Administrative Requirements.
(iii) Professional service costs.. TA used to pay for professional and
consultant services rendered by
persons who are members of a
particular profession or possess a
special skill, and who are not
officers or employees of the
Recipient, subject to the
applicable provisions of the
Uniform Administrative
Requirements. Payment for a
consultant's services may not
exceed the daily equivalent of the
current maximum rate paid to an
Executive Schedule Level IV Federal
employee.
(iv) Travel costs................. TA used to pay expenses for
transportation, lodging,
subsistence, and related items
incurred by the Applicant's
personnel who are on travel status
on business related to the TA
grant, subject to the applicable
provisions of the Uniform
Administrative Requirements.
(v) Training and education costs.. TA used to pay the cost of training
and education provided for employee
development, subject to the
applicable provisions of the
Uniform Administrative
Requirements.
(vi) Equipment.................... TA used to pay for tangible personal
property, having a useful life of
more than one year and a per-unit
acquisition cost of at least
$5,000, subject to the applicable
provisions of the Uniform
Administrative Requirements.
Examples include office equipment,
furnishings, and information
technology equipment and systems.
(vii) Supplies.................... TA used to pay for tangible personal
property with a per unit
acquisition cost of less than
$5,000, subject to the applicable
provisions of the Uniform
Administrative Requirements.
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3. HFFI-FA Award: HFFI-FA award funds can only be expended for eligible FA activities referenced in Table 3. The HFFI-FA investments must comply with the following guidelines:
Recipient must deploy loans, equity investments, and similar financing activities, including the purchase of loans and the provision of loan guarantees for Healthy Food Retail Outlets and Healthy Food Non-Retail Outlets in its Target Market in an amount equal to or greater than 100% of the total HFFI Financial Assistance provided. Eligible financing activities to Healthy Food Retail Outlets and Healthy Food Non-Retail Outlets require that the majority of the HFFI-supported loan or investment must be devoted to offering a range of Healthy Food choice, which may include, among other activities,
Page 12012
investments supporting an existing retail store or wholesale operation upgrading to offer an expanded range of Healthy Food choices, or supporting a nonprofit organization that expands the availability of Healthy Foods in underserved areas.
Recipient must also demonstrate that it has deployed loans, equity investments, and similar financing activities, including the purchase of loans and the provision of loan guarantees to Healthy Food Retail Outlets located in Food Deserts in the Recipient's Target Market in an amount equal to 75% of the total HFFI Financial Assistance provided.
Eligible financing activities to Healthy Food Retail Outlets require that the majority of the HFFI-supported loan or investment must be devoted to offering a range of Healthy Food choice, which may include, among other activities, investments supporting an existing retail store upgrading to offer an expanded range of Healthy Food choices.
Definitions
Healthy Foods. Healthy Foods include nutrient-dense foods and beverages as set forth in the USDA Dietary Guidelines for Americans 2015-2020 including whole fruits and vegetables, whole grains, fat free or low-fat dairy foods, lean meats and poultry (fresh, refrigerated, frozen or canned). Healthy Foods should have low or no added sugars, and be low-sodium, reduced sodium, or no-salt-added. (See USDA Dietary Guidelines: http://www.choosemyplate.gov/dietary-guidelines.)
Healthy Food Retail Outlets. Commercial sellers of Healthy Foods including, but not limited to, grocery stores, mobile food retailers, farmers markets, retail cooperatives, corner stores, bodegas stores that sell other food and non-food items along with a range of Healthy Foods. As those terms are determined and defined by the CDFI Fund in the Assistance Agreement and related compliance materials.
Healthy Food Non-Retail Outlets. Wholesalers of Healthy Foods including, but not limited to, wholesale food outlets, wholesale cooperatives, or other non-retail food producers that supply for sale a range of Healthy Food options; entities that produce or distribute Healthy Foods for eventual retail sale, and entities that provide consumer education regarding the consumption of Healthy Foods. As those terms are determined and defined by the CDFI Fund in the Assistance Agreement and related compliance materials.
Food Deserts. Distressed geographic areas where either a substantial number or share of residents has low access to a supermarket or large grocery store. For the purpose of satisfying the requirements of Goal 2, Measure 2, a Food Desert must either: (1) Be a census tract determined to be a Food Desert by the U.S. Department of Agriculture (USDA), in its USDA Food Access Research Atlas; (2) be a census tract adjacent to a census tract determined to be a Food Desert by the USDA, in its USDA Food Access Research Atlas; which has a median family income less than or equal to 120 percent of the applicable Area Median Family Income; or (3) be a Geographic Unit as defined in 12 CFR part 1805.201(b)(3)(ii)(B), which (i) individually meets at least one of the criteria in 12 CFR part 1805.201(b)(3)(ii)(D), and (ii) has been identified as having low access to a supermarket or grocery store through a methodology that has been adopted for use by another governmental or philanthropic healthy food initiative.
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Eligibility Information
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Eligible Applicants: For the purposes of this NOFA, the following tables set forth the eligibility criteria to be in contention to receive an award from the CDFI Fund, along with certain definitions of terms. There are four categories of Applicant eligibility criteria: (1) CDFI certification criteria (Table 5); (2) requirements that apply to all Applicants (Table 6); (3) requirements that apply to TA Applicants (Table 7); and (4) requirements that apply to FA Applicants (Table 8).
Table 5--CDFI Certification Criteria Definitions
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Certified CDFI.................... An entity that the CDFI
Fund has officially notified that
it meets all CDFI certification
requirements.
Certifiable CDFI.................. An entity that has
submitted a CDFI Certification
Application to the CDFI Fund
demonstrating that it meets the
CDFI certification requirements but
which has not yet been officially
certified. (See Table 11 for
application submission deadlines.)
The CDFI Fund will not
enter into an Assistance Agreement
or make an FA award payment unless
and until an Applicant is a
Certified CDFI.
The CDFI Fund will enter
into an Assistance Agreement if the
Applicant was awarded a TA award
regardless of the Applicant's
certification status.
Emerging CDFI (TA Applicants)..... A non-Certified entity that
has not submitted a CDFI
Certification Application but
demonstrates to the CDFI Fund in
its Application that it has an
acceptable plan to meet
certification requirements by the
end of its period of performance,
or another date that the CDFI Fund
selects.
An Emerging CDFI that has
prior award(s) will be held to the
CDFI certification performance goal
and measure(s) stated in its prior
Assistance Agreement(s).
Emerging CDFIs may only
apply for TA grants; they are not
eligible to apply for FA awards.
Each Emerging CDFI selected
to receive a TA grant will be
required to become a Certified CDFI
by a date specified in the
Assistance Agreement.
Sponsoring Entity................. Sponsoring Entities include
any legal organization that
primarily serves Native Community
with ``primary'' meaning, at least
50 percent of its activities are
directed toward the Native
Community.
An eligible organization
that proposes to create a separate
legal organization that will become
a Certified CDFI serving Native
Communities.
Sponsoring Entities may
only apply for TA grants; they are
not eligible to apply for FA
awards.
Each Sponsoring Entity
selected to receive a TA grant will
be required to create and certify
an Emerging CDFI by the dates
specified in the Assistance
Agreement.
Page 12013
Definition of Native Other The CDFI Fund uses the following
Targeted Population as Target definitions, set forth in the
Market. Office of Management and Budget
(OMB) Notice, Revisions to the
Standards for the Classification of
Federal Data on Race and Ethnicity
(October 30, 1997), as amended and
supplemented:
(a) American Indian, Native
American, or Alaska Native: A
person having origins in any of the
original peoples of North and South
America (including Central America)
and who maintains tribal
affiliation or community
attachment; and
(b) Native Hawaiian (living in
Hawaii): A person having origins in
any of the original peoples of
Hawaii.
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Table 6--Eligibility Requirements for All Applicants
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Applicant......................... Only the entity that will
carry out the proposed award
activities can apply for an award
(i.e., the intended award
Recipient).
The information in the
Application should only reflect the
activities of the Applicant,
including the presentation of
financial and portfolio
information. Do not include
financial or portfolio information
from parent companies, Affiliates,
or Subsidiaries in the Application
unless it relates to the provision
of Development Services.
An Applicant that applies
on behalf of another organization
will be rejected without further
consideration, except for
Depository Institution Holding
Companies (see below).
Application type and submission Applicants must submit the
overview through Grants.gov and required application documents
Awards Management Information listed in Table 10.
System (AMIS). The CDFI Fund will only
accept Applications that use the
official application templates
provided on the Grants.gov and AMIS
Web sites. Applications submitted
with alternative or altered
templates will not be considered.
Applicants have a two-step
process that requires the
submission of application documents
on two separate deadlines and
locations: (1) Grants.gov and (2)
AMIS.
cir Grants.gov: Applicants must
submit the Office of Management and
Budget (OMB) Standard Form (SF) OMB
SF-424, Application for Federal
Assistance.
cir AMIS: Applicants must submit
all other required application
materials.
cir All Applicants must register
in the Grants.gov and AMIS systems
to successfully submit an
application. The CDFI Fund strongly
encourages applicants to register
early as possible.
Grants.gov and the SF-424:
cir The SF-424 must be submitted
in Grants.gov on or before March 24
2017, the deadline listed in Table
1 and Table 11. Applicants are
strongly encouraged to submit their
SF-424 as early as possible in the
Grants.gov portal.
cir The deadline for the
Grants.gov submission is before
the AMIS deadline.
cir The SF-424 must be submitted
under the NACA Program Funding
Opportunity Number.
cir If the SF-424 is not
accepted by Grants.gov by the
deadline, the CDFI Fund will not
review any material submitted in
AMIS and the application will be
deemed ineligible.
AMIS:
cir AMIS is an enterprise-wide
information technology system that
replaced the myCDFI Fund portal.
Applicants will use AMIS to submit
and store organization and
application information with the
CDFI Fund.
cir Applicants are only allowed
one NACA Program Application
submission in AMIS.
cir Only the Authorized
Representative or Application
Point of Contact, included in the
Application, can submit the
Application in AMIS.
cir All required application
materials must be submitted in
AMIS on or before the deadline
specified in Tables 1 and 11.
Employer Identification Number Applicants must have a
(EIN). unique EIN assigned by the Internal
Revenue Service (IRS).
The CDFI Fund will reject
an Application submitted with the
EIN of a parent or Affiliate
organization.
Dun & Bradstreet, (DUNS) number... Pursuant to OMB guidance
(68 FR 38402), an Applicant must
apply using its unique DUNS number
in Grants.gov.
The CDFI Fund will reject
an Application submitted with the
DUNS number of a parent or
Affiliate organization.
Awards Management Information Each Applicant must
System (AMIS). register as an organization in AMIS
and submit all required application
materials through the AMIS portal.
The Authorized
Representative and/or Application
Point of Contact must be included
as ``users'' in the Applicant's
AMIS account.
An Applicant that fails to
properly register and update its
AMIS account may miss important
communication from the CDFI Fund or
not be able to successfully submit
an Application.
501 (c)(4) status................. Pursuant to 2 U.S.C. 1611,
any 501(c)(4) organization that
engages in lobbying activities is
not eligible for the receipt of a
CDFI or NACA Program award.
Compliance with Nondiscrimination An Applicant may not be
and Equal Opportunity Statutes, eligible to receive an award if
Regulations, and Executive Orders. proceedings have been instituted
against it in, by, or before any
court, governmental agency, or
administrative body, and a final
determination within the last three
years indicates the Applicant has
violated any of the following laws
but not limited to: Title VI of the
Civil Rights Act of 1964, as
amended (42 U.S.C. 2000d); Section
504 of the Rehabilitation Act of
1973 (29 U.S.C. 794); the Age
Discrimination Act of 1975, (42
U.S.C. 6101-6107), and Executive
Order 13166, Improving Access to
Services for Persons with Limited
English Proficiency.
Page 12014
Depository Institution Holding In the case where a CDFI
Company Applicant. Depository Institution Holding
Company Applicant intends to carry
out the activities of an award
through its Subsidiary CDFI Insured
Depository Institution, the
Application must be submitted by
the CDFI Depository Institution
Holding Company and reflect the
activities and financial
performance of the Subsidiary CDFI
Insured Depository Institution.
Authorized representatives
of both the Depository Institution
Holding Company and the Subsidiary
CDFI Insured Depository Institution
must certify that the information
included in the Application
represents that of the Subsidiary
CDFI Insured Depository Institution
and that the award funds will be
used to support the Subsidiary CDFI
Insured Depository Institution for
the eligible activities outlined in
the Application.
Insured CDFI-Insured Credit Union To be eligible for an
and Insured Depository award, each Insured Depository
Institution. Institution Applicant must have a
CAMELS/CAMEL rating (rating for
banks and credit unions,
respectively), by its Federal
regulator of at least ``4.''
Organizations with CAMELS/
CAMEL ratings of ``5'' will not be
eligible for awards.
Use of award...................... All awards made through
this NOFA must be used to support
the Applicant's activities in at
least one of the FA or TA Eligible
Activity Categories (see Section
II.C).
Awards cannot be used to
support the activities of, or
otherwise be passed through,
transferred, or co-awarded to,
third-party entities, whether
Affiliates, Subsidiaries, or others
(except Depository Institution
Holding Company Applicants).
Requested award amount............ An Applicant must state its
requested award amount in the
Application in AMIS. An Application
that does not include this amount
will not be allowed to submit an
Application.
Pending resolution of The CDFI Fund will consider
noncompliance. an Application submitted by an
Applicant that has pending
noncompliance issues of any of its
previously executed award
agreement(s), if the CDFI Fund has
not yet made a final compliance
determination.
Noncompliance status.............. The CDFI Fund will not
consider an Application submitted
by an Applicant that has a
previously executed award
agreement(s) if, as of the date of
the Application, (i) the CDFI Fund
has made a determination that such
entity is noncompliant with a
previously executed agreement and
(ii) the CDFI Fund has provided
written notification that such
entity is ineligible to apply for
or receive any future CDFI Fund
awards or allocations. Such
entities will be ineligible to
submit an Application for such time
period as specified by the CDFI
Fund in writing.
The CDFI Fund will not
consider any Applicant that has
defaulted on a CDFI Program loan
within five years of the
Application deadline.
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Table 7--Eligibility Requirements for TA Applicants
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CDFI certification status......... Certified, Certifiable, Emerging
CDFIs, or Sponsoring Entities (see
definitions in Table 5).
Matching funds.................... Matching funds
documentation is not required for
TA awards.
Limitation on Awards.............. An Emerging CDFI serving
Native Communities will be allowed
to receive no more than three TA
awards as an uncertified CDFI.
A Sponsoring Entity is only
eligible to apply for an award if
(i) it does not have an active
prior award or (ii) the
certification goal in its active
award's Assistance Agreement has
been satisfied and it proposes to
create another CDFI that will serve
one or more Native Communities.
Target Market..................... TA Applicants must
demonstrate that the Certified,
Certifiable, Emerging CDFI, or the
CDFI to be created by the
Sponsoring Entity will primarily
serve one or more Native Community
as its Target Market.
------------------------------------------------------------------------
Table 8--Eligibility Requirements for FA Applicants
------------------------------------------------------------------------
------------------------------------------------------------------------
CDFI certification status......... Each FA Applicant must be a
Certified CDFI prior to the
announcement of award decisions.
An Applicant that is in a
cure period to remedy CDFI
recertification deficiencies at the
time of award announcements will
not be eligible for an FA award
under this NOFA.
Activities in Native Communities.. For consideration under
this NOFA, each FA Applicant must:
cir Demonstrate that at least 50
percent of its past activities
were in one or more Native
Communities; and
cir describe how it will target
its lending/investing activities
to one or more Native
Communities.
Target Market..................... For consideration under
this NOFA, an FA Applicant's
certification Target Market must
have one or more of the following
characteristics:
cir For qualifying with an
investment area Target Market,
the Applicant must demonstrate
that the investment area approved
for certification is also a
geographic area of Federally-
designated reservations, Hawaiian
homelands, Alaska Native Villages
and U.S. Census Bureau designated
Tribal Statistical Areas; and/or
cir For qualifying with an Other
Targeted Population (OTP) Target
Market, the applicant's Target
Market approved for certification
must be an OTP of Native
Americans or American Indians,
including Alaska Natives living
in Alaska and Native Hawaiians
living in Hawaii.
Any FA Applicant whose
certification Target Market does
not meet either of the conditions
above will not be eligible for an
FA award under this NOFA.
Community collaboration........... All FA Applicants must
demonstrate strong community
collaboration with Native
Communities.
Page 12015
Matching funds documentation...... All Applicants must submit
acceptable documentation attesting
that they have received or will
receive matching funds. Applicants
that do not submit the Matching
Funds Excel Workbook documenting
the source of their matching funds
will not be evaluated.
Awards will be limited to
no more than two times the amount
of In-Hand or Committed matching
funds documentation provided at the
time of Application.
Awards will be obligated in
like form to the matching funds
provided at time of Application.
See Table 9. Matching Funds
``Determination of Award Form'' for
additional guidance.
Award payments from the
CDFI Fund will require eligible
dollar-for-dollar In-Hand matching
funds for the total payment amount.
Recipients will not receive a
payment until 100 percent of their
matching funds are In-Hand.
The CDFI Fund will reduce
and de-obligate the remaining
balance of any Award that does not
demonstrate full dollar-for-dollar
matching funds equal to the
announced award amount by the end
of the Matching Funds Window.
FA Applicants with Community A NACA Applicant can apply
Partners. for assistance jointly with a
Community Partner. The NACA
Applicant would complete the NACA
Program Application for (FA) and
would address the Community
Partnership in its business plan
and other sections of the
Application as specified in the
guidance materials.
The NACA Applicant must be
either a Certified or Certifiable
CDFI as defined in Table 5.
An Application with a
Community Partner must:
cir Describe how the NACA
Applicant and Community Partner
will each participate in carrying
out the partnership and how the
partnership will enhance
activities serving the investment
area or targeted population.
cir Demonstrate that the
Community Partnership activities
are consistent with the strategic
plan submitted by the NACA
Applicant.
Assistance provided upon
approval of an Application with a
Community Partner shall only be
entrusted to the NACA Applicant and
shall not be used to fund any
activity carried out directly by
the Community Partner or an
Affiliate or Subsidiary thereof.
$5 Million funding cap............ The CDFI Fund is prohibited
from obligating more than $5
million in CDFI and NACA Program
awards, in the aggregate, to any
one organization and its
Subsidiaries and Affiliates during
any three-year period.
For purposes of this NOFA
and subject to final FY 2017
appropriations language, the CDFI
Fund will include CDFI and NACA
Program final awards in the cap
calculation that were provided to
an Applicant (and/or its
Subsidiaries or Affiliates) under
the FY 2015, and 2016 funding
rounds, as well as the requested FY
2017 award, excluding HFFI-FA
awards. The CDFI Fund will make the
FY 2017 funding round award
announcements after September 23,
2017.
HFFI-FA........................... All HFFI-FA Applicants
must:
cir Submit a CDFI or NACA Program
FA Application;
cir Meet all NACA FA award
eligibility requirements;
cir Submit the HFFI-FA
Application; and
cir Provide an HFFI-FA award
request amount in AMIS.
------------------------------------------------------------------------
-
Matching Funds Requirements: In order to receive an FA award, an Applicant must provide evidence of eligible dollar-for-dollar matching funds and attest that it can provide acceptable documentation upon the CDFI Fund's request. An Applicant that uses Retained Earnings or Equity Investments must provide documentation of eligible dollar-for-dollar matching funds at the time of application submission. The CDFI Fund will review summary matching funds information, attestations, and matching funds documentation, if applicable, prior to award payment and will pay funds based upon eligible In-Hand matching funds (see Table 9 for the definition of In-Hand). The CDFI Fund encourages Applicants to review the Regulations at 12 CFR 1805.500, the Uniform Administrative Requirements, and the matching funds guidance materials available on the CDFI Fund's Web site. Table 9 provides a summary of the matching funds requirements; additional details are set forth in the Application materials.
Table 9--Matching Funds Requirements
------------------------------------------------------------------------
------------------------------------------------------------------------
Matching funds requirements by The following Applicants must
application type. provide evidence of acceptable
matching funds:
NACA FA Applicants (upon
request) *;
HFFI-FA Applicants. (upon
request) *
TA Applicants are not required to
provide matching funds.
* The matching funds requirement for
HFFI-FA and NACA FA applicants was
waived in the appropriations bill
for FY 2016 and the final FY 2017
appropriations are still pending.
HFFI-FA and NACA FA applicants are
not required to submit matching
funds for their award requests at
the time of application. However,
the CDFI Fund reserves the right to
request matching funds from HFFI-FA
and NACA FA applicants if matching
funds are not waived in the final
FY 2017 NACA Program appropriation.
Amount of required match.......... Applicants must provide evidence of
eligible, In-Hand, dollar-for-
dollar, non-Federal matching funds
for every FA award dollar to be
paid by the CDFI Fund. If awarded,
Applicants that did not demonstrate
100 percent In-Hand matching funds
at the time of Application may
experience a longer payment
timeline.
Page 12016
Determination of award form....... FA awards will be made in comparable
form and value to the eligible In-
Hand and/or Committed matching
funds documentation submitted by
the Applicant.
For example, if an FA
Applicant provides documentation
of eligible loan matching funds
for $200,000 and $400,000 of its
matching funds in the form of
grant, the CDFI Fund will
obligate $200,000 of the FA award
as a loan and $400,000 as a
grant.
After awards have been
announced, Award Recipients may
request the CDFI Fund's
permission to change the form of
their award from loan to grant
(by producing eligible grant
matching funds), but will only be
eligible to receive a grant equal
to the federal credit subsidy
amount associated with the
original loan. Applicants will
also experience delays in
payments if requested award form
changes are approved by the CDFI
Fund.
Matching Funds Window definition.. The Applicant must receive
eligible In-Hand matching funds
between January 1, 2015 and January
15, 2018.
An Award Recipient must
provide the CDFI Fund with all
documentation demonstrating the
receipt of In-Hand matching funds
by January 31, 2018.
Matching funds and form of award.. Recipients will be approved
for a maximum award size of two
times the total amount of eligible
In-Hand and/or Committed matching
funds included in the Application,
so long as they do not exceed the
award amount limit.
The form of the matching
funds documented in the Application
determines the form of the award.
In-Hand matching funds definition. Matching funds are In-Hand
when the Applicant receives payment
for the matching funds from the
matching funds source and has
acceptable documentation that can
be provided to the CDFI Fund upon
request. Acceptable In-Hand
documentation must show the source,
form (e.g., grant, loan, deposit,
and Equity Investment), amount
received, and the date the funds
came into physical possession of
the Applicant.
The following
documentation, depending on the
matching funds type, must be
available to be provided to the
CDFI Fund upon request:
Loan--the loan agreement
and/or promissory note;
grant--the grant letter
or agreement for all grants;
equity investment--the
stock certificate and shareholder
agreement;
retained earnings--audits
or call reports from regulating
entity;
third party in-kind
contribution--evidence of receipt
of contribution and valuation;
deposits--certificates of
deposit agreement;
secondary capital--
secondary capital agreement and
disclosure and acknowledgement
statement;
AND
clearly legible
documentation that demonstrates
actual receipt of the matching
funds including the date of the
transaction and the amount, such as
a copy of a check or a wire
transfer statement.
Applicants must provide
information on their In-Hand
matching funds in the Matching
Funds Breakout Table Excel Workbook
(refer to Table 10--Required
Application Documents) which must
be submitted at the time of
Application.
Although Applicants are not
required to provide further
documentation for In-Hand matching
funds at the time of Application
submission, except for Retained
Earnings and Equity Investments,
they must be able to provide
documentation to the CDFI Fund upon
request.
Committed matching funds Matching funds are
definition. Committed when the Applicant has
entered into or received a legally
binding commitment from the
matching funds source showing the
matching funds will be disbursed to
the Applicant at a future date.
The Applicant must be able
to provide the CDFI Fund, upon
request, acceptable written
documentation showing the source,
form, and amount of the Committed
matching funds (including, in the
case of a loan, the terms thereof),
as well as the anticipated payment
date of the Committed funds.
Applicants must provide
information on their Committed
matching funds in the Matching
Funds Breakout Table Excel Workbook
(refer to Table 10--Required
Application Documents) which must
be submitted at the time of
Application.
Although Applicants are not
required to provide further
documentation for Committed
matching funds at the time of
Application submission, except for
Retained Earnings, it must be able
to provide documentation to the
CDFI Fund upon request.
Limitations on matching funds..... Matching funds must be from
non-Federal sources.
Applicants cannot proffer
matching funds that were accepted
as matching funds for a prior FA
award under the CDFI Program, NACA
Program, or under another Federal
grant or award program.
Matching funds must comply
with Regulations at 12 CFR 1805.500
et seq.
Matching funds must be
attributable to at least one of the
five eligible FA activities (see
Section II.C).
Rights of the CDFI Fund........... The CDFI Fund reserves the
right to contact the matching funds
source to discuss the matching
funds and the documentation that
the Applicant provided if required
or requested.
The CDFI Fund may grant an
extension of the Matching Funds
Window (defined in Table 9), on a
case-by-case basis, if the CDFI
Fund deems it appropriate.
The CDFI Fund reserves the
right to rescind all or a portion
of an FA award and re-allocate the
rescinded award amount to other
qualified Applicant(s), if an Award
Recipient fails to provide evidence
of In-Hand Matching Funds totaling
its award amount obtained during
the Matching Funds Window.
Matching funds in the form of Third party in-kind
third-party in-kind contributions. contributions are non-cash
contributions (i.e., property or
services) provided by non-Federal
third parties to the Applicant.
Page 12017
Third party in-kind
contributions will be considered to
be in the form of a grant for
matching funds purposes.
Third party in-kind
contributions may be in the form of
real property, equipment, supplies,
and other expendable property, and
the value of goods and services
directly benefiting the eligible
activities.
For third-party in-kind
contributions, the fair market
value of goods and services must be
documented as the grant match.
Applicants will be
responsible for documenting the
value of all in-kind contributions
as described in the Uniform
Administrative Requirements.
Matching funds in the form of a An FA award made in the
loan. form of a loan will have the
following standardized terms:
A 13-year term with semi-
annual interest-only payments due
in years 1 through 10, and fully
amortizing payments due each year
in years 11 through 13; and
A fixed interest rate of
1.9 percent, which was calculated
by the CDFI Fund based on the U.S.
Department of the Treasury's 10-
year Treasury note.
The Applicant's matching
funds loan(s) must:
i. Have a minimum of a 3-year term
(loans presented as matching funds
with less than a 3-year term will
not qualify as eligible match); and
ii. be from a non-Federal source.
Severe Constraints Waiver......... Not more than 25 percent of
the total funds available for
obligation under this funding round
may be matched under the Severe
Constraints Waiver.
In the case of an Applicant
demonstrating severe constraints on
available sources of matching
funds, the CDFI Fund, in its sole
discretion, may permit such
Applicant to comply with the
matching funds requirements by
reducing such requirements by up to
50 percent.
In order to be considered
eligible for a Severe Constraints
Waiver, an Applicant must meet all
of the NACA FA eligibility criteria
described in Table 8. Instructions
for requesting a Severe Constraints
Waiver will be made available if
required.
Ineligible matching funds......... If the CDFI Fund determines
that any portion of the Applicant's
matching funds is ineligible, the
CDFI Fund will permit the Applicant
to offer documentation of
alternative matching funds as a
substitute for the ineligible
matching funds.
In such instances:
i. The Applicant must provide
acceptable evidence of the
alternative matching funds within
the period of time specified by the
CDFI Fund, and
ii. the alternative matching funds
will not increase the total amount
of FA requested.
Use of matching funds from a prior If an Applicant offers matching
CDFI Program Recipient. funds documentation from an
organization that was a prior
Recipient under the CDFI Program or
NACA Program, the Applicant must be
able to prove to the CDFI Fund's
satisfaction that such funds do not
consist, in whole or in part, of
CDFI Program funds, NACA Program
funds or other Federal funds.
Matching funds in the form of Retained earnings are
retained earnings. eligible for use as matching funds
when the CDFI Fund calculates an
amount equal to:
i. The increase in retained earnings
that occurred over any one of the
Applicant's fiscal years within the
Matching Funds Window, adjusted to
remove revenue and expenses derived
from Federal sources and matching
funds used for an award; or
ii. the annual average of such
increases that occurred over any
three consecutive fiscal years of
the Applicant with at least one of
the fiscal years occurring within
the Matching Funds Window, adjusted
to remove revenue and expenses
derived from Federal sources and
matching funds used for an award;
or
iii. any combination of (i) and (ii)
above that does not include
matching funds used for an award.
Retained earnings will be
matched with an FA award in the
form of a grant.
Special rule for Insured Credit An Insured Credit Union's
Unions and Insured Depository and Insured Depository
Institutions. Institution's retained earnings are
eligible for use as matching funds
when the CDFI Fund calculates an
amount equal to:
i. The increase in retained earnings
that occurred over any one of the
Applicant's fiscal years within the
Matching Funds Window, adjusted to
remove revenue from Federal sources
and matching funds used for an
award; or
ii. the annual average of such
increases that occurred over any
three consecutive fiscal years of
the Applicant with at least one of
the fiscal years occurring within
the Matching Funds Window, adjusted
to remove revenue and expenses
derived from Federal sources and
matching funds used for an award;
or
iii. the entire retained earnings
that have been accumulated since
the inception of the Applicant, as
provided in the Regulations.
If option (iii) is used for
Insured Credit Unions, the
Applicant must increase its member
and/or non-member shares and/or
total loans outstanding by an
amount equal to the amount of
retained earnings committed as
matching funds.
This increase will be
measured on a quarterly basis
from March 31, 2017; must occur
by the end of Year 1 of the
Recipient's Performance Period,
as set forth in its Assistance
Agreement; and will be based on
amounts reported in the
Applicant's National Credit Union
Administration (NCUA) form 5300
Call Report.
The CDFI Fund will assess
the likelihood of this increase
during the Application review
process.
An award will not be made
to any Applicant that has not
demonstrated in the relevant NCUA
form 5300 Call Reports that it
has increased shares and/or total
loans outstanding by at least 25
percent of the requested FA award
amount between December 31, 2015,
and December 31, 2016.
Page 12018
The matching funds are
not In-Hand until the Recipient
has increased its member and/or
non-member shares, deposits and/
or total loans outstanding by the
amount of retained earnings since
inception used as matching funds
within the time period specified.
If option (iii) is used for
Insured Depository Institutions or
Depository Institution Holding
Companies, the Applicant or its
Subsidiary Insured Depository
Institution (in the case of a
Depository Institution Holding
Company) must increase deposits and/
or total loans outstanding by an
amount equal to the amount of
retained earnings committed as
matching funds. Please note that
Depository Institution Holding
Company Applicants must use the
call reports of the CDFI Subsidiary
Insured Depository Institution that
the requested FA award will
support.
This increase will be
measured on a quarterly basis
from March 31, 2017; must occur
by the end of Year 1 of the
Recipient's Performance Period,
as set forth in its Assistance
Agreement; and will be based on
amounts reported in the Bank Call
Report.
The CDFI Fund will assess
the likelihood of this increase
during the Application review
process.
An award will not be made
to any Applicant that has not
demonstrated in the relevant call
reports that it has increased
deposits and/or total loans
outstanding by at least 25
percent of the requested FA award
amount between December 31, 2015,
and December 31, 2016.
The matching funds are
not In-Hand until the Recipient
has increased its deposits and/or
total loans outstanding by the
amount of retained earnings since
inception used as matching funds
within the time period specified.
All regulated Applicants
utilizing the part (iii) Since
Inception rule should refer to the
Retained Earnings Guidance included
in the Matching Funds Breakout
Table Excel Workbook found on the
CDFI Fund's Web site.
------------------------------------------------------------------------
-
-
Application and Submission Information
-
Address to Request an Application Package: Application materials can be found on the CDFI Fund's Web site at www.cdfifund.gov/native. Applicants may request a paper version of any Application material by contacting the CDFI Fund Help Desk at cdfihelp@cdfi.treas.gov.
-
Content and Form of Application Submission: All Applications must be prepared using the English language and calculations must be made in U.S. dollars. The following table lists the required Application documents for the FY 2017 Funding Round. The CDFI Fund reserves the right to request and review other pertinent or public information that has not been specifically requested in this NOFA or the Application. Information submitted by the Applicant that the CDFI Fund has not specifically requested will not be reviewed or considered as part of the Application. Information submitted must accurately reflect the Applicant's activities. Financial data, portfolio, and activity information provided in the Application should only include the Applicant's activities.
Table 10--Required Application Documents
----------------------------------------------------------------------------------------------------------------
Application documents Applicant type Submission format
----------------------------------------------------------------------------------------------------------------
SF-424............................... All Applicants......... Fillable PDF in Grants.gov.
NACA Program Application Components.. All Applicants......... AMIS.
Funding Application
Detail
Data, Charts, and
Narrative sections as listed in
AMIS and outlined in Application
materials
HFFI-FA Application Components....... HFFI-FA Applicants..... AMIS.
Funding Application
Detail
Narratives --Must create new
funding application.
----------------------------------------------------------------------------------------------------------------
ATTACHMENTS TO THE APPLICATION:
Add to ``Related Attachments'' related list in application
----------------------------------------------------------------------------------------------------------------
Matching Funds Breakout Table Excel CDFI Program FA Core Excel in AMIS.
Workbook. Applicants (the CDFI
Fund reserves the
right to request
matching funds from
HFFI-FA and NACA FA
applicants if matching
funds are not waived
in the final FY 2017
NACA Program
appropriation).
Key Staff Resumes.................... All Applicants......... PDF or Word document in AMIS.
Organizational Chart................. All Applicants......... PDF in AMIS.
Audited Financial Statements......... FA Applicants: Loan PDF in AMIS.
funds and other non-
Insured Depository
Institutions.
Management Letters................... FA Applicants: Loan PDF in AMIS.
funds and other non-
Insured Depository
Institutions, TA
Applicants: If
available.
Unaudited Financial Statements (if TA Applicants: Loan PDF in AMIS.
Audited Financial Statements are not funds and other non-
available). Insured Depository
Institutions.
Call Reports......................... FA and TA Applicants: PDF in AMIS.
Insured Depository
Institutions only.
Current Year to Date--December 31, FA and TA Applicants: PDF in AMIS.
2016, Unaudited Financial Statements. Loan funds and other
non-Insured Depository
Institutions.
Page 12019
Additional Documents As Applicable: All Applicants, if PDF or Word document in AMIS.
Community Partnership Agreement applicable.
501(c)(4) Questionnaire Explanation
Environmental Review Form
Explanation Retained Earnings or
Equity Investment Matching Funds
Documentation.
----------------------------------------------------------------------------------------------------------------
-
Application Submission: The CDFI Fund has a two-step process that requires the submission of application documents on separate deadlines and locations. The SF-424 must be submitted through Grants.gov and all other application documents through the AMIS portal. The CDFI Fund will not accept Applications via email, mail, facsimile, or other forms of communication, except in extremely rare circumstances that have been pre-approved by the CDFI Fund. Applicants are only required to submit the OMB SF-424, Application for Federal Assistance form in Grants.gov as all other application information (listed in Table 10) will be submitted through AMIS. The deadline for submitting the SF 424 is listed in Tables 1 and 11. All other application information must be submitted in AMIS and only the Authorized Representative or Application Point of Contact can submit the application.
Applicants are encouraged to submit the SF-424 as early as possible through Grants.gov to provide time to resolve any submission problems. Applicants should contact Grants.gov directly with questions related to the registration or submission process as the CDFI Fund does not maintain the Grants.gov system.
The CDFI Fund strongly encourages Applicants to start the Grants.gov registration process as soon as possible (refer to the following link: http://www.grants.gov/web/grants/register.html) as it may take several weeks to complete. An Applicant that has previously registered with Grants.gov must verify that its registration is current and active.
-
Dun & Bradstreet Universal Numbering System (DUNS): Pursuant to the Uniform Administrative Requirements, each Applicant must provide as part of its Application submission, a Dun and Bradstreet Universal Numbering System (DUNS) number. Applicants without a DUNS number will not be able to register and submit an Application in the Grants.gov system. Please allow sufficient time for Dun & Bradstreet to respond to inquiries and/or requests for DUNS numbers.
-
System for Award Management (SAM): Any entity applying for Federal grants or other forms of Federal financial assistance through Grants.gov must be registered in SAM before submitting its Application. The SAM registration process can take several weeks to complete. Applicants that have previously completed the SAM registration process must verify that their SAM accounts are current and active. Each Applicant must continue to maintain an active SAM registration with current information at all times during which it has an active Federal award or an Application under consideration by a Federal awarding agency. The CDFI Fund will not consider any Applicant that fails to properly register or activate its SAM account and, as a result, is unable to submit its Application by the Application deadline. Applicants must contact SAM directly with questions related to registration or SAM account changes as the CDFI Fund does not maintain this system. For more information about SAM, please visit http://www.sam.gov.
-
Submission Dates and Times:
1. Submission Deadlines: The following table provides the critical deadlines for the FY 2017 Funding Round.
Table 11--FY 2017 Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
Description Deadline Time (EDT) Submission method
----------------------------------------------------------------------------------------------------------------
CDFI Certification Applications.. March 24, 2017............. 11:59 p.m. EDT............. Electronically via
Award Management
Information System
(AMIS).
SF424 (Application for Federal March 24, 2017............. 11:59 p.m. EDT............. Electronically via
Assistance). Grants.gov.
Last day to contact NACA Program April 26, 2017............. 5:00 p.m. EDT.............. Service Request via
staff. Awards Management
Information System
(AMIS) Or CDFI
Fund Helpdesk: 202-
653-0421 or
cdfihelp@cdfi.treas.gov.
NACA Program Application for April 28, 2017............. 11:59 p.m. EDT............. Electronically via
Financial Assistance (FA) or Awards Management
Technical Assistance (TA). Information System
(AMIS).
----------------------------------------------------------------------------------------------------------------
2. Confirmation of Application Submission in Grants.gov and AMIS: Applicants are required to submit the OMB SF-424, Application for Federal Assistance through the Grants.gov system, under the NACA Program Funding Opportunity Number. All other required application materials must be submitted through the AMIS Web site. Application materials submitted through both systems are due by the applicable deadlines. Applicants must submit the SF-424 on an earlier deadline from the other required application materials in AMIS. If the SF-424 is not successfully accepted by Grants.gov by the deadline, the CDFI Fund will not review any of the material submitted in AMIS and the Application will be deemed ineligible.
a. Grants.gov Submission Information: Each Applicant will receive an email from Grants.gov immediately after submitting the SF-424 confirming that the submission has entered the Grants.gov system. This email will contain a tracking number for the submitted SF-424. Within 48 hours, the Applicant will receive a second email, which will indicate if the submitted SF-424 was either successfully validated or rejected with errors. However, Applicants should not rely on the email
Page 12020
notification from Grants.gov to confirm that their SF-424 was validated. Applicants are strongly encouraged to use the tracking number provided in the first email to closely monitor the status of their SF-424 by contacting the helpdesk at Grants.gov directly. The Application material submitted in AMIS is not officially accepted by the CDFI Fund until Grants.gov has validated the SF-424.
b. Award Management Information System (AMIS) Submission Information: AMIS is a web-based portal where Applicants will directly enter their application information and add required attachments listed in Table 10. AMIS will verify that the Applicant provided the minimum information required to submit an Application. Applicants are responsible for the quality and accuracy of the information and attachments included in the Application submitted in AMIS. The CDFI Fund strongly encourages the Applicant to allow sufficient time to confirm the Application content, review the material submitted, and remedy any issues prior to the Application deadline. Only the Authorized Representative or an Application Point of Contact can submit the Application. Applicants can only submit one Application. Upon submission, the Application will be locked and cannot be resubmitted, edited, or modified in any way. The CDFI Fund will not unlock or allow multiple Application submissions.
3. Late Submission: The CDFI Fund will not accept an Application submitted after the Application deadline except where the submission delay was a direct result of a Federal government administrative or technological error. In such case, the Applicant must submit a written request for acceptance of late Application submission and include documentation of the error no later than two business days after the Application deadline. The CDFI Fund will not respond to request for acceptance of late Application submissions after that time period. Applicants must submit late Application submission requests to the CDFI Fund via an AMIS service request to the CDFI Program with a subject line of ``Late Application Submission Request.''
-
Funding Restrictions: FA, HFFI-FA and TA awards are limited by the following:
1. FA awards:
a. An award Recipient shall use FA funds only for the eligible activities described in Section II. (C)(1) of this NOFA and its Assistance Agreement.
b. A Recipient may not distribute FA funds to an Affiliate, Subsidiary, or any other entity, without the CDFI Fund's prior written approval.
c. FA funds shall only be paid to the Recipient.
d. The CDFI Fund, in its sole discretion, may pay FA funds in amounts, or under terms and conditions, which are different from those requested by an Applicant.
2. HFFI-FA awards:
a. An award Recipient shall use HFFI-FA funds only for the eligible activities described in Section II. (C) (1) of this NOFA and its Assistance Agreement.
b. A Recipient may not distribute HFFI-FA funds to an Affiliate, Subsidiary, or any other entity, without the CDFI Fund's prior written approval.
c. HFFI-FA funds shall only be paid to the Recipient.
d. The CDFI Fund, in its sole discretion, may pay HFFI-FA funds in amounts, or under terms and conditions, which are different from those requested by an Applicant.
3. TA grants:
a. An award Recipient shall use TA funds only for the eligible activities described in Section II. (C) (2) of this NOFA and its Assistance Agreement.
b. A Sponsoring Entity award Recipient must create, as a legal entity, the Emerging CDFI no later than the end of the first year of the period of performance, whereupon the Sponsoring Entity must request the CDFI Fund to amend the Assistance Agreement and add the Emerging CDFI as a co-Recipient thereto, with the Sponsoring Entity, thereby transferring any and all remaining balances and/or assets derived from the TA award to the Emerging CDFI.
c. A Recipient may not distribute TA funds to an Affiliate, Subsidiary or any other entity, without the CDFI Fund's prior written consent.
d. TA funds shall only be paid to the Recipient.
e. The CDFI Fund, in its sole discretion, may pay TA funds in amounts, or under terms and conditions, which are different from those requested by an Applicant.
-
-
Application Review Information
-
Criteria: If the Applicant has submitted an eligible Application, the CDFI Fund will conduct a substantive review in accordance with the criteria and procedures described in the Regulations, this NOFA, the Application guidance, and the Uniform Administrative Requirements. The CDFI Fund reserves the right to contact the Applicant by telephone, email, or mail for the sole purpose of clarifying or confirming Application information. If contacted, the Applicant must respond within the time period communicated by the CDFI Fund or run the risk that its Application will be rejected. The CDFI Fund will review the FA, HFFI-FA, and TA Applications according the below process.
1. Financial Assistance (FA) Application Scoring, Award Selection, Review, and Selection Process: The CDFI Fund will evaluate each Application using a five step review process illustrated in the sections below. Applicants that meet the minimum criteria will advance to the next step in the review process. Applicants applying as a Community Partnership must describe partnership in the Application per requirements set forth in Table 8 and will be evaluated per the review process described below.
a. Step 1: Eligibility Review: The CDFI Fund will evaluate each Application to determine its eligibility status per Section III. Eligibility Information of this NOFA.
b. Step 2: Financial Analysis: An external non-CDFI Fund reviewer will evaluate the financial health and viability of each Application using the financial information provided in the Application. The Reviewer will evaluate the Financial Analysis Components listed in Table 12 and assign a score on a scale of one (1) to five (5), which will be used to calculate a Total Financial Composite Score on a scale of one (1) to five (5), with one (1) being the highest rating.
All Applications will be reviewed in accordance with standard reviewer evaluation materials for the financial analysis described in supplemental guidance located on the CDFI Fund's Web site. Applications will be grouped based on the Total Financial Composite Score. Applicants must receive a Total Financial Composite Score of one (1), two (2), or three (3) to advance to Step 3. Applicants that receive a Total Financial Composite Score of four (4) or five (5) will be evaluated and scored by a second external, non-Federal reviewer. Applicants that receive a Total Financial Composite Score of four (4) or five (5) will not advance to Step 3. In instances an Applicant receives an initial score of four (4) or five (5) and a second score of one (1), two (2), or three (3), the two reviewers will discuss their evaluations and decide on one final Total Financial Composite Score.
Page 12021
Table 12--Step 2: FA Financial Analysis Scoring Criteria
----------------------------------------------------------------------------------------------------------------
Financial analysis component Possible scores High score Score needed to advance
----------------------------------------------------------------------------------------------------------------
Capital Adequacy.................. 1, 2, 3, 4, or 5............. 1 N/A.
Asset Quality..................... 1, 2, 3, 4, or 5............. 1 N/A.
Earnings.......................... 1, 2, 3, 4, or 5............. 1 N/A.
Capital Liquidity................. 1, 2, 3, 4, or 5............. 1 N/A.
Operating Liquidity............... 1, 2, 3, 4, or 5............. 1 N/A.
Total Financial Composite Score... 1, 2, 3, 4, or 5............. 1 1, 2, or 3.
----------------------------------------------------------------------------------------------------------------
c. Step 3: Business Plan Review: Applicants that proceed to Step 3 will be evaluated on the soundness of each Applicant's comprehensive business plan. The two external non-CDFI Fund Reviewers conducting the Step 3 evaluation will be different than those that conduct the Step 2 evaluation. Reviewers will evaluate the Application sections listed in Table 13. All Applications will be reviewed in accordance with standard reviewer evaluation materials for the business plan review. Applications will be ranked based on Total Business Plan Scores, in descending order. In order to advance to Step 4, Applicants must receive a Total Business Plan Score within the top 70 percent of the applicant pool. In the case of tied Total Business Plan Scores that would prevent an Applicant from moving to Step 4, Applicants will be ranked according to their Step 2 Total Financial Composite Score and standard anomaly procedures.
Table 13--Step 3: FA Business Plan Review Scoring Criteria
----------------------------------------------------------------------------------------------------------------
FA application sections Possible score Score needed to advance
----------------------------------------------------------------------------------------------------------------
Executive Summary...................... Not Scored......................... N/A.
Business Strategy...................... 7.................................. N/A.
Products and Services.................. 7.................................. N/A.
Market and Competitive Analysis........ 7.................................. N/A.
Management and Staffing................ 7.................................. N/A.
Financial Position..................... 7.................................. N/A.
Growth and Financial Projections....... 7.................................. N/A.
Total Business Plan Score.............. 49................................. Within Top 70 percent of all Step
3 Scores.
----------------------------------------------------------------------------------------------------------------
d. Step 4: Policy Objective Review: For Applicants that advance to Step 4, the CDFI Fund internal reviewers will evaluate each Application to determine its ability to meet policy objectives of the CDFI Fund authorizing statute. The policy objectives considered in this evaluation are listed in Table 14 below. Each Applicant will be evaluated in each of the categories, which will result in a Total Policy Objective Review Score on a scale of one (1) to five (5), with one (1) being the highest score. Applicants are then grouped according to Total Policy Objective Review Scores.
In Step 4, the CDFI Fund also conducts a due diligence review for Applications that includes an analysis of programmatic risk factors including, but not limited to: History of performance in managing Federal awards (including timeliness of reporting and compliance); reports and findings from audits; and the Applicant's ability to effectively implement Federal requirements, which could impact the Total Policy Objective Review Score.
Table 14--Step 4: FA Policy Review Scoring Criteria
----------------------------------------------------------------------------------------------------------------
Section Possible scores High score Score needed to advance
----------------------------------------------------------------------------------------------------------------
Economic Distress................. 1, 2, 3, 4, or 5............. 1 N/A.
Economic Opportunities............ 1, 2, 3, 4, or 5............. 1 N/A.
Partnerships...................... 1, 2, 3, 4, or 5............. 1 N/A.
Total Policy Objective Review 1, 2, 3, 4, or 5............. 1 All Scores Advance.
Score.
----------------------------------------------------------------------------------------------------------------
e. Step 5: Award Amount Determination: The CDFI Fund determines an award amount for each Application based on the Step 4 Total Policy Objective Review Score, the Applicant's request amount, and on certain variables, including but not limited to: An Applicant's deployment track record, minimum award size, and funding availability. Award amounts may be reduced from the requested award amount as a result of this analysis. Lastly, the CDFI Fund may consider the geographic diversity of Applicants when making its funding decisions.
2. Healthy Food Financing Initiative-FA (HFFI-FA) Application Scoring, Award Selection, Review, and Selection Process: Two external non-CDFI Fund reviewers will evaluate each HFFI-FA Application whose associated FA application that progress to Step 4 of the FA Application review process. Reviewers will evaluate the Application sections listed in Table 15 and assign a Total HFFI-FA Score up to 25 points.
Page 12022
All Applications will be reviewed in accordance with standard reviewer evaluation materials. Applications will be ranked based on total scores, in descending order. Applicants that fail to receive an FA award will not be considered for an HFFI-FA award.
The CDFI Fund conducts additional levels of due diligence for Applications that are in scoring contention for an award. This due diligence includes an analysis of programmatic and financial risk factors including, but not limited to: Financial stability, quality of management systems and ability to meet award management standards, history of performance in managing Federal awards (including timeliness of reporting and compliance), reports and findings from audits, and the Applicant's ability to effectively implement Federal requirements. Award amounts may be reduced from the requested award amount as a result of this analysis. The CDFI Fund may reduce awards sizes from requested amounts based on certain variables, including an Applicant's loan disbursement activity, total portfolio outstanding, and similar factors. Lastly, the CDFI Fund may consider the geographic diversity of Applicants when making its funding decisions.
Table 15--Step 3 HFFI-FA Application Scoring Criteria
------------------------------------------------------------------------
HFFI-FA
HFFI-FA narrative sections applicants
(points)
------------------------------------------------------------------------
HFFI Target Market Profile........................... 4
Healthy Food Financial Products...................... 5
Healthy Food Development Services.................... 2
Projected HFFI-FA Activities......................... 7
HFFI Track Record, Management Capacity for Providing 7
Healthy Food Financing, Healthy Food Financing
Outcomes............................................
------------------
Total HFFI-FA Score.............................. 25
------------------------------------------------------------------------
3. Technical Assistance (TA) Application Scoring, Award Selection, Review, and Selection Process: The CDFI Fund will evaluate each Application to determine its eligibility status per Section III. Eligibility Information of this NOFA.
If the Application meets the eligibility criteria, the CDFI Fund will evaluate each TA Application using standard scoring criteria in the Business Plan Review. An Applicant must receive a minimum of 50 points of the Total TA Business Plan Score for the TA components in order to be considered for an award. Sponsoring Entity, Emerging CDFI, or Certifiable CDFI Applicants must achieve a minimum score of 35 points in Section I to be considered for an award and reviewed in Section II.
An Applicant that is a Certified CDFI will be rated on the demonstrated need for TA funding to build the CDFI's capacity, further the Applicant's strategic goals, and achieve impact within the Applicant's Target Market. An Applicant that is an Emerging CDFI or Certifiable CDFI will be rated on the Applicant's demonstrated capability and plan to achieve CDFI certification within three years, or if a prior awardee, the certification performance goal and measure stated in its prior Assistance Agreement. An Applicant that is an Emerging CDFI and Certifiable CDFI will also be rated on its demonstrated need for TA funding to build the CDFI's capacity and further its strategic goals. An Applicant that is a Sponsoring Entity will be rated on the Applicant's demonstrated capability to create a separate legal entity within one year that will achieve CDFI certification within four years. An Applicant that is a Sponsoring Entity will also be rated on its demonstrated need for TA funding to build the CDFIs's capacity and further its strategic goals. The CDFI Fund will score each part of the TA Business Plan Review as indicated in Table 16.
Table 16--TA Business Plan Review Scoring Criteria
----------------------------------------------------------------------------------------------------------------
Emerging CDFI or
TA application sections certifiable CDFI Certified CDFI
(points) (points)
----------------------------------------------------------------------------------------------------------------
Section I:
Primary Mission....................................................... 15 N/A
Financing Entity...................................................... 15 N/A
Target Market......................................................... 15 N/A
Accountability........................................................ 15 N/A
Development Services.................................................. 15 N/A
Section II:
Organization Overview................................................. 5 20
Management and Staff.................................................. 5 20
Community Coordination................................................ 5 20
Financial Performance................................................. 5 20
Organizational Impact................................................. 5 20
-------------------------------------
Total TA Business Plan Score...................................... 100 100
----------------------------------------------------------------------------------------------------------------
Each TA Application will be evaluated by one internal CDFI Fund reviewer. Internal reviewers must complete the CDFI Fund's conflict of interest process. The CDFI Fund's application conflict of interest policy is located on the CDFI Fund's Web site. All Applications will be reviewed in accordance with CDFI Fund standard reviewer evaluation materials for the Business Plan Review. Applications will be ranked based on Total TA Business
Page 12023
Plan Score, in descending order. In the case of tied scores that would prohibit the Application from progressing to the next level of review, Certified Applicants will be ranked first according to each Organization Overview score and Emerging CDFI, Certifiable CDFI, and Sponsoring Entity Applicants will be ranked first according to the total Section I score.
The CDFI Fund conducts additional levels of due diligence for Applications that are in scoring contention for an award. This due diligence includes an analysis of the eligibility of an Applicant's funding request and similar factors. Lastly, the CDFI Fund may consider the geographic diversity of Applicants when making its funding decisions.
The CDFI Fund conducts additional levels of due diligence for Applications that are in scoring contention for an award. This due diligence includes an analysis of programmatic and financial risk factors including, but not limited to: Financial stability, history of performance in managing Federal awards (including timeliness of reporting and compliance), reports and findings from audits, and the Applicant's ability to effectively implement Federal requirements. Award amounts may be reduced as a result of this analysis, the eligibility of an Applicant's funding request and similar factors. Lastly, the CDFI Fund may consider the geographic diversity of Applicants when making its funding decisions.
4. Insured Depository Institutions: The CDFI Fund will consider safety and soundness information from the Appropriate Federal or State Banking Agency. If the Applicant is a CDFI Depository Institution Holding Company, the CDFI Fund will consider information provided by the Appropriate Federal or State Banking Agencies about both the CDFI Depository Institution Holding Company and the Subsidiary CDFI Certified Insured Depository Institution that will expend and carry out the award. If the Appropriate Federal Banking Agency or Appropriate State Agency identifies safety and soundness concerns, the CDFI Fund will assess whether the concerns cause or will cause the Applicant to be incapable of undertaking the activities for which funding has been requested.
5. Non-Regulated Institutions: In accordance with the NACA Program's authorizing statute and regulations, the CDFI Fund must ensure, to the maximum extent practicable, that recipients that are non-regulated CDFIs are financially and managerially sound and maintain appropriate internal controls (12 U.S.C. 4707(f)(1)(A) and 12 CFR 1805.800(b)). Further, the CDFI Fund must determine that an Applicant's capacity to operate as a CDFI and its continued viability will not be dependent upon assistance from the CDFI Fund (12 U.S.C. 4704(b)(2)(A)). If it is determined the Applicant is incapable of meeting these requirements, the CDFI Fund reserves the right to deem the Applicant ineligible or terminate the award.
-
Anticipated Award Announcement: The CDFI Fund anticipates making the NACA Program award announcements after September 23, 2017 and before September 30, 2017.
-
Application Rejection: The CDFI Fund reserves the right to reject an Application if information (including administrative error) comes to the CDFI Fund's attention that either: Adversely affects an Applicant's eligibility for an award; adversely affects the Recipient's certification as a CDFI (to the extent that the award is conditional upon CDFI certification); adversely affects the CDFI Fund's evaluation or scoring of an Application; or indicates fraud or mismanagement on the Applicant's part. If the CDFI Fund determines any portion of the Application is incorrect in a material respect, the CDFI Fund reserves the right, in its sole discretion, to reject the Application. The CDFI Fund reserves the right to change its eligibility and evaluation criteria and procedures, if the CDFI Fund deems it appropriate. If the changes materially affect the CDFI Fund's award decisions, the CDFI Fund will provide information about the changes through its Web site. The CDFI Fund's award decisions are final and there is no right to appeal the decisions.
-
External Non-CDFI Fund Reviewers: All external non-CDFI Fund reviewers are selected based on criteria that includes a professional background in community and economic development finance and experience reviewing the financial statements of all CDFI institution types. Reviewers must complete the CDFI Fund's conflict of interest process and be approved by the CDFI Fund. The CDFI Fund's application reader conflict of interest policy is located on the CDFI Fund's Web site.
-
-
Federal Award Administration Information
-
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.
-
Assistance Agreement: Each Applicant selected to receive an award must enter into an Assistance Agreement with the CDFI Fund in order to receive a payment(s). The Assistance Agreement will set forth the award's terms and conditions, including but not be limited to the: (i) Award amount; (ii) award type; (iii) award uses; (iv) eligible use of funds; (v) performance goals and measures; and (vi) reporting requirements. FA Assistance Agreements have three-year periods of performance; TA Assistance Agreements have two-year periods of performance for Certified NACATA Recipients, three-year periods of performance for Emerging and Certifiable NACA TA Recipients, and four-
year periods of performance for Sponsoring Entity TA Recipients. Upon creation of the Emerging CDFI, the Sponsoring Entity will request the CDFI Fund to amend the Assistance Agreement and add the Emerging CDFI as a party thereto; the Emerging CDFI, as co-awardee, must comply with all of the requirements in the Assistance Agreement, including all program goals and measures.
1. Certificate of Good Standing: All FA and TA Recipients that are not Insured Depository Institutions will be required to provide the CDFI Fund with a certificate of good standing from the secretary of state for the Recipient's State of incorporation prior to closing. This certificate can often be acquired online on the secretary of state Web site for the Recipient's State of incorporation and must generally be dated within 180 days before the date the Recipient executes the Assistance Agreement. Due to potential backlogs in State government offices, Applicants are advised to submit requests for certificates of good standing no later than 60 days after they submit their Applications.
2. Closing: Pursuant to the Assistance Agreement, there will be an initial closing at which point the Assistance Agreement and related documents will be properly executed and delivered, and an initial payment of FA or TA may be made. FA Recipients that are subject to the matching funds requirement will not receive a payment until 100 percent of their matching funds are In-Hand. The first payment is the estimated amount of award that the Recipient states in its Application that it will use for eligible FA or TA activities in the first 12 months after the award. The CDFI Fund reserves the right to increase the first payment amount on any award to ensure that any subsequent payments
Page 12024
are greater than $25,000 for FA and $5,000 for TA awards.
The CDFI Fund will minimize the time between the Recipient incurring costs for eligible activities and award payment in accordance with the Uniform Administrative Requirements. The advanced payments for eligible activities will occur no more than one year in advance of the Recipient incurring costs for the eligible activities. Following the initial closing, there may be subsequent closings involving additional award payments. Any documents in addition to the Assistant Agreement that are connected with such subsequent closings and payments shall be properly executed and timely delivered by the Recipient to the CDFI Fund.
3. Requirements Prior to Entering into an Assistance Agreement: If, prior to entering into an Assistance Agreement, information (including administrative error) comes to the CDFI Fund's attention that: Adversely affects the Recipient's eligibility for an award; adversely affects the Recipient's certification as a CDFI (to the extent that the award is conditional upon CDFI certification); adversely affects the CDFI Fund's evaluation of the Application; indicates that the Recipient is not in compliance with any requirement listed the Uniform Administrative Requirements; or indicates fraud or mismanagement on the Recipient's part, the CDFI Fund may, in its discretion and without advance notice to the Recipient, terminate the award or take such other actions as it deems appropriate. The CDFI Fund reserves the right, in its sole discretion, to rescind an award if the Recipient fails to return the Assistance Agreement, signed by the authorized representative of the Recipient, and/or provide the CDFI Fund with any other requested documentation, within the CDFI Fund's deadlines.
In addition, the CDFI Fund reserves the right, in its sole discretion, to terminate and rescind the Assistance Agreement and the award made under this NOFA pending the criteria described in the following table:
Table 17--Requirements Prior To Executing an Assistance Agreement
------------------------------------------------------------------------
Requirement Criteria
------------------------------------------------------------------------
Failure to meet reporting If a Recipient received a
requirements. prior award under any CDFI Fund
program and is not current with the
reporting requirements in the
previously executed agreement(s),
the CDFI Fund can delay entering
into an Assistance Agreement or
disbursing an award until reporting
requirements are met.
If such a Recipient is
unable to meet the requirement
within the timeframe specified, the
CDFI Fund may terminate and rescind
the Assistance Agreement and the
award made under this NOFA.
The automated systems the
CDFI Fund uses only acknowledge a
report's receipt, not a
determination of meeting reporting
requirements.
Failure to maintain CDFI An FA Recipient must be a
Certification. Certified CDFI prior to entering
into an Assistance Agreement.
If an FA Recipient fails to
maintain CDFI Certification, the
CDFI Fund will terminate and
rescind the Assistance Agreement
and the award made under this NOFA.
Pending resolution of The CDFI Fund will delay
noncompliance. entering into an Assistance
Agreement with a Recipient that has
pending noncompliance issues of any
of its previously executed award
agreement(s), if the CDFI Fund has
not yet made a final compliance
determination.
If the Recipient is unable
to satisfactorily resolve the
compliance issues, the CDFI Fund
may terminate and rescind the
Assistance Agreement and the award
made under this NOFA.
Noncompliance status.............. If, at any time prior to
entering into an Assistance
Agreement, the CDFI Fund determines
that a Recipient is noncompliant
with a previously executed
agreement and the CDFI Fund has
provided written notification that
the Recipient is ineligible to
apply for or receive any future
awards or allocations for a time
period specified by the CDFI Fund
in writing. The CDFI Fund can delay
entering into an Assistance
Agreement, until the Recipient has
cured the default by taking actions
the CDFI Fund has specified within
the specified timeframe. If the
Recipient is unable to meet the
cure requirement within the
specified timeframe, the CDFI Fund
may terminate and rescind the
Assistance Agreement and the award
made under this NOFA.
Compliance with Federal civil If prior to entering into
rights requirements. an Assistance Agreement under this
NOFA, the Recipient receives a
final determination, made within
the last three years, in any
proceeding instituted against the
Recipient in, by, or before any
court, governmental, or
administrative body or agency,
declaring that the Recipient has
violated the following laws: Title
VI of the Civil Rights Act of 1964,
as amended (42 U.S.C. 2000d);
Section 504 of the Rehabilitation
Act of 1973 (29 U.S.C. 794); the
Age Discrimination Act of 1975, (42
U.S.C. 6101-6107), and Executive
Order 13166, Improving Access to
Services for Persons with Limited
English Proficiency, the CDFI Fund
will terminate and rescind the
Assistance Agreement and the award
made under this NOFA.
Do Not Pay........................ The Do Not Pay Business
Center was developed to support
Federal agencies in their efforts
to reduce the number of improper
payments made through programs
funded by the Federal government.
The CDFI Fund reserves the
right, in its sole discretion, to
rescind an award if the Recipient
is identified as an ineligible
recipient on the Do Not Pay
database.
Safety and soundness.............. If it is determined the
Recipient is or will be incapable
of meeting its award obligations,
the CDFI Fund will deem the
Recipient to be ineligible or
require it to improve safety and
soundness conditions prior to
entering into an Assistance
Agreement.
------------------------------------------------------------------------
-
Reporting
1. Reporting requirements: On an annual basis for the period of performance, the CDFI Fund may collect information from each Recipient
Page 12025
including, but not limited to, an Annual Report with the following components:
Table 18--Annual Reporting Requirements
------------------------------------------------------------------------
------------------------------------------------------------------------
Financial Report (Financial The Financial Report will be
Statements and Related Auditor's reviewed by the CDFI Fund to
and Accountant's Review Reports, determine the Recipient's financial
if applicable). and managerial soundness.
Single Audit (if applicable) (or If a Recipient is required to
similar report). complete a Single Audit Report, it
should be submitted to the Federal
Audit Clearinghouse (see 2 CFR
Subpart F-Audit Requirements in the
Uniform Administrative
Requirements).
For-profit Recipients will be
required to complete and submit a
similar report directly to the CDFI
Fund.
Institution Level Report (ILR).... The ILR is a report used to collect
compliance and performance data
from CDFI Fund award Recipients.
The ILR is submitted through the
Community Investment Impact System
(CIIS) and captures organizational
information, financial position,
lending and investing activities,
community development outputs, and
development services.
Transaction Level Report (TLR).... The TLR is a report used to collect
compliance and performance data
from CDFI Fund award Recipients.
The TLR is submitted through the
CIIS and captures data on each
individual loan and investment in
the award Recipient's portfolio.
For CDFI Depository
Institution Holding Company
award Recipients, the TLR
captures data on the individual
loans and investments by its
CDFI Subsidiary Insured
Depository Institution's
portfolio.
TLR is not required for
TA Recipients.
Federal Financial Report/OMB If the Recipient receives a TA
Standard Form 425. award, it must submit the Federal
Financial Report/OMB Standard Form
425 via AMIS.
Uses of Funds Report.............. If the Recipient receives an FA or
TA award, it must submit the Uses
of Funds Report via AMIS.
Shareholders Report............... If the Assistance is in the form of
an Equity Investment, the Recipient
must submit shareholder information
to the CDFI Fund showing the class,
series, and number of shares and
valuation of capital stock held or
to be held by each shareholder. The
Shareholder Report must be
submitted for as long as the CDFI
Fund is an equity holder.
Financial Assistance Objectives If the Recipient receives an FA
Report (or similar report). award, it must submit information
on the status of complying with the
FA Objectives and Impacts.
------------------------------------------------------------------------
Each Recipient is responsible for the timely and complete submission of the Annual Reporting requirements. Sponsoring Entities with co-awardees will be informed of any reporting shifts at the time the Emerging CDFI is adjoined to the Agreement. The CDFI Fund reserves the right to contact the Recipient and additional entities or signatories to the Assistance Agreement to request additional information and documentation. The CDFI Fund will use such information to monitor each Recipient's compliance with the requirements in the Assistance Agreement and to assess the impact of the NACA Program. The CDFI Fund reserves the right, in its sole discretion, to modify these reporting requirements, including increasing the scope and frequency of reporting, if it determines it to be appropriate and necessary; however, such reporting requirements will be modified only after notice to Recipients.
2. Financial Management and Accounting: The CDFI Fund will require Recipients to maintain financial management and accounting systems that comply with Federal statutes, regulations, and the terms and conditions of the Federal award. These systems must be sufficient to permit the preparation of reports required by general and program specific terms and conditions, including the tracing of funds to a level of expenditures adequate to establish that such funds have been used according to the Federal statutes, regulations, and the terms and conditions of the Federal award.
The cost principles used by Recipients must be consistent with Federal cost principles and support the accumulation of costs as required by the principles, and must provide for adequate documentation to support costs charged to the NACA Program award. In addition, the CDFI Fund will require Recipients to: Maintain effective internal controls; comply with applicable statutes, regulations, and the Assistance Agreement; evaluate and monitor compliance; take action when not in compliance; and safeguard personally identifiable information.
-
-
Agency Contacts
-
The CDFI Fund will respond to questions concerning this NOFA and the Application between the hours of 9:00 a.m. and 5:00 p.m. Eastern Daylight Savings Time, starting on the date that the NOFA is published through the date listed in Table 1 and Table 11. The CDFI Fund will post on its Web site responses to reoccurring questions received about this Application. Other information regarding the CDFI Fund and its programs may be obtained from the CDFI Fund's Web site at http://www.cdfifund.gov. Table 19 lists CDFI Fund contact information:
Table 19--Contact Information
------------------------------------------------------------------------
Telephone number
Type of question (not toll free) Email addresses
------------------------------------------------------------------------
NACA Program.................... 202-653-0421, cdfihelp@cdfi.trea
option 1. s.gov.
Certification, Compliance 202-653-0423...... ccme@cdfi.treas.go
Monitoring, and Evaluation. v.
AMIS--IT Help Desk.............. 202-653-0422...... AMIS@cdfi.treas.gov.
------------------------------------------------------------------------
Page 12026
-
Information Technology Support: For IT Assistance, submit an AMIS Service Request (Record Type of ``General Inquiry''). In the Service Request form, select the appropriate program, then select ``AMIS Technical Problem'' as the Type. People who have visual or mobility impairments that prevent them from using the CDFI Fund's Web site should call (202) 653-0422 for assistance (this is not a toll free number).
-
Communication with the CDFI Fund: The CDFI Fund will use contact information in AMIS to communicate with Applicants and Recipients. It is imperative, therefore, that Applicants, Recipients, Subsidiaries, Affiliates, and signatories maintain accurate contact information in their accounts. This includes information such as contact names (especially for the authorized representative) listed in this NOFA's application materials, email addresses, fax and phone numbers, and office locations.
-
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).
-
-
Other Information
-
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.
-
Application Information Sessions: The CDFI Fund may conduct webinars or host information sessions for organizations that are considering applying to, or are interested in learning about, the CDFI Fund's programs. For further information, please visit the CDFI Fund's Web site at http://www.cdfifund.gov.
Authority: 12 U.S.C. 4701, et seq.; 12 CFR parts 1805 and 1815; 2 CFR 200.
Mary Ann Donovan,
Director, Community Development Financial Institutions Fund.
FR Doc. 2017-03744 Filed 2-24-17; 8:45 am
BILLING CODE 4810-70-P
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