Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices 10413 

1Service Request shall mean a written inquiry or 

notification submitted to the CDFI Fund via AMIS. 

D. Civil Rights and Diversity: Any 

person who is eligible to receive 

benefits or services from the CDFI Fund 

or Recipients under any of its programs 

is entitled to those benefits or services 

without being subject to prohibited 

discrimination. The Department of the 

Treasury’s Office of Civil Rights and 

Diversity enforces various Federal 

statutes and regulations that prohibit 

discrimination in financially assisted 

and conducted programs and activities 

of the CDFI Fund. If a person believes 

that s/he has been subjected to 

discrimination and/or reprisal because 

of membership in a protected group, s/ 

he may file a complaint with: Associate 

Chief Human Capital Officer, Office of 

Civil Rights, and Diversity, 1500 

Pennsylvania Ave NW, Washington, DC 

20220 or (202) 622–1160 (not a toll-free 

number). 

E. Statutory and National Policy 

Requirements: The CDFI Fund will 

manage and administer the Federal 

award in a manner so as to ensure that 

Federal funding is expended and 

associated programs are implemented in 

full accordance with the U.S. 

Constitution, Federal Law, statutory, 

and public policy requirements: 

including but not limited to, those 

protecting free speech, religious liberty, 

public welfare, the environment, and 

prohibiting discrimination. 

VIII. Other Information 

A. Paperwork Reduction Act: Under 

the Paperwork Reduction Act (44 U.S.C. 

chapter 35), an agency may not conduct 

or sponsor a collection of information, 

and an individual is not required to 

respond to a collection of information, 

unless it displays a valid OMB control 

number. If applicable, the CDFI Fund 

may inform Applicants that they do not 

need to provide certain Application 

information otherwise required. 

Pursuant to the Paperwork Reduction 

Act, the CDFI Program, and NACA 

Program Application has been assigned 

the following control number: 1559– 

0021, inclusive of PPC–FA, DF–FA, and 

HFFI–FA. 

B. Application Information Sessions: 

The CDFI Fund may conduct webinars 

or host information sessions for 

organizations that are considering 

applying to, or are interested in learning 

about, the CDFI Fund’s programs. For 

further information, visit the CDFI 

Fund’s website at http://

www.cdfifund.gov. 

Authority: 12 U.S.C. 4701, et seq; 12 CFR 

parts 1805 and 1815; 2 CFR part 200. 

Jodie L. Harris, 

Director, Community Development Financial 

Institutions Fund. 

[FR Doc. 2021–03356 Filed 2–18–21; 8:45 am] 

BILLING CODE 4810–70–P 

DEPARTMENT OF THE TREASURY 

Community Development Financial 

Institutions Fund 

Notice of Funds Availability Inviting 

Applications for Financial Assistance 

Awards or Technical Assistance 

Grants Under the Native American 

CDFI Assistance Fiscal Year 2021 

Funding Round 

Funding Opportunity Title: Notice of 

Funds Availability (NOFA) inviting 

Applications for Financial Assistance 

(FA) awards or Technical Assistance 

(TA) grants under the Native American 

CDFI Assistance (NACA Program) fiscal 

year (FY) 2021 Funding Round. 

Announcement Type: Announcement 

of funding opportunity. 

Funding Opportunity Number: CDFI– 

2021–NACA. 

Catalog of Federal Domestic 

Assistance (CFDA) Number: 21.012. 

DATES: 

TABLE 1—FY 2021 NACA PROGRAM FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS

Description Deadline 

Time 

(eastern 

time—ET) 

Submission method 

Last day to create an Awards Management Information Systems (AMIS) Account (all Applicants).March 22, 2021 ...... 11:59 p.m. ...... AMIS. 

Last day to enter EIN and DUNS numbers in AMIS 

(all Applicants).

March 22, 2021 ...... 11:59 p.m. ...... AMIS. 

Last day to submit SF–424 Mandatory (Application 

for Federal Assistance).

March 22, 2021 ...... 11:59 p.m. ...... Electronically via Grants.gov. 

Last day to contact NACA Program staff ................. April 29, 2021 ........ 5:00 p.m. ........ Service Request 1 via AMIS 

or 

CDFI Fund Helpdesk: 

202–653–0421. 

Last day to contact AMIS–IT Help Desk (regarding 

AMIS technical problems only).

May 3, 2021 ........... 5:00 p.m. ........ Service Request via AMIS 

or 

202–653–0422 

or 

AMIS@cdfi.treas.gov 

Last day to submit NACA Program Application for 

Financial Assistance (FA) or Technical Assistance (TA).

May 3, 2021 ........... 11:59 p.m. ...... AMIS. 

Executive Summary: Through the 

NACA Program, the Community 

Development Financial Institutions 

(CDFI) Fund provides (i) FA awards of 

up to $1 million to Certified Community 

Development Financial Institutions 

(CDFIs) serving Native American, 

Alaska Native, or Native Hawaiian 

populations or Native American areas 

defined as Federally-designated 

reservations, Hawaiian homelands, 

Alaska Native Villages and U.S. Census 

Bureau-designated Tribal Statistical 

Areas (collectively, ‘‘Native 

Communities’’) to build their financial 

capacity to lend to Eligible Markets and/ 

or their Target Markets, and (ii) TA 

grants of up to $150,000 to build 

Certified, and Emerging CDFIs’ 

organizational capacity to serve Eligible 

Markets and/or their Target Markets, 

and Sponsoring Entities ability to create 


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10414 Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices 

Certified CDFIs that serve Native 

Communities. All awards provided 

through this NOFA are subject to 

funding availability. 

I. Program Description 

A. History: The CDFI Fund was 

established by the Riegle Community 

Development Banking and Financial 

Institutions Act of 1994 to promote 

economic revitalization and community 

development through investment in and 

assistance to CDFIs. The Native 

American CDFI Assistance (NACA) 

Program made its first awards in 2002, 

after the CDFI Program began making 

awards in 1996. 

B. Priorities: Through the NACA 

Program’s FA awards and TA grants, the 

CDFI Fund invests in and builds the 

capacity of for-profit and non-profit 

community based lending organizations 

known as CDFIs. These organizations, 

certified as CDFIs by the CDFI Fund, 

serve Native Communities. 

C. Authorizing Statutes and 

Regulations: The CDFI Program is 

authorized by the Riegle Community 

Development Banking and Financial 

Institutions Act of 1994 (Pub. L. 103– 

325, 12 U.S.C. 4701 et seq.) (Authorizing 

Statute). The regulations governing the 

NACA Program are found at 12 CFR 

parts 1805 and 1815 (the Regulations) 

and are used by the CDFI Fund to 

govern, in general, the NACA Program, 

setting forth evaluation criteria and 

other program requirements. The CDFI 

Fund encourages Applicants to review 

the Regulations; this NOFA; the NACA 

Program Application for Financial 

Assistance or Technical Assistance (the 

Application); all related materials and 

guidance documents found on the CDFI 

Fund’s website (Application materials); 

and the Uniform Administrative 

Requirements, Cost Principles, and 

Audit Requirements for Federal Awards 

(2 CFR part 1000), which is the 

Department of the Treasury’s 

codification of the Office of 

Management and Budget (OMB) 

government-wide framework for grants 

management at 2 CFR part 200 (the 

Uniform Requirements) for a complete 

understanding of the NACA Program. 

Capitalized terms in this NOFA are 

defined in the Authorizing Statute, the 

Regulations, this NOFA, the 

Application, Application materials, or 

the Uniform Requirements. Details 

regarding Application content 

requirements are found in the 

Application and Application materials. 

D. Uniform Administrative 

Requirements, Cost Principles, and 

Audit Requirements for Federal Awards 

(2 CFR part 1000): The Uniform 

Requirements codify financial, 

administrative, procurement, and 

program management standards that 

Federal award agencies must follow. 

When evaluating Applications, 

awarding agencies must evaluate the 

risks posed by each Applicant, and each 

Applicant’s merits and eligibility. These 

requirements are designed to ensure that 

Applicants for Federal assistance 

receive a fair and consistent review 

prior to an award decision. This review 

will assess items such as the Applicant’s 

financial stability, quality of 

management systems, the soundness of 

its business plan, history of 

performance, ability to achieve 

measurable impacts through its 

products and services, and audit 

findings. In addition, the Uniform 

Requirements include guidance on audit 

requirements and other award 

compliance requirements for Recipients. 

E. Funding limitations: The CDFI 

Fund reserves the right to fund, in 

whole or in part, any, all, or none of the 

Applications submitted in response to 

this NOFA. The CDFI Fund also 

reserves the right to reallocate funds 

from the amount that is anticipated to 

be available through this NOFA to other 

CDFI Fund initiatives that are designed 

to benefit Native Communities, 

particularly if the CDFI Fund 

determines that the number of awards 

made through this NOFA is fewer than 

projected. 

II. Federal Award Information 

A. Funding Availability: 

1. FY 2021 Funding Round: The CDFI 

Fund expects to award, through this 

NOFA, approximately $16.5 million as 

indicated in the following table: 

TABLE 2—FY 2021 FUNDING ROUND ANTICIPATED CATEGORY AMOUNTS

Funding categories 

(see definition in Table 7 for TA or Table 

8 for FA) 

Estimated total 

amount 

to be awarded 

(millions) 

Award Amount Estimated 

number 

of awards for 

FY 2021 

Estimate 

average 

amount 

awarded in 

FY 2021 

Average 

amount 

awarded in 

FY 2020 Minimum Maximum 

Base-FA ................................................... $11.9 $150,000 $1,000,000 23 $517,000 $615,000 

Persistent Poverty Counties—Financial 

Assistance (PPC–FA) ........................... 1.6 100,000 300,000 11 145,000 143,750 

TA ............................................................. 3 10,000 $150,000 20 148,000 145,000 

Total (Base-FA, PPC–FA, and TA) ......... 16.5 ........................ ........................ 54 ........................ ........................

Disability Funds—Financial Assistance 

(DF–FA) * .............................................. 3 100,000 500,000 16 187,000 235,000 

Healthy Food Financing Initiative—Financial Assistance (HFFI–FA) * ................. 22 500,000 5,000,000 14 1,600,000 1,692,000 

* DF–FA and HFFI–FA appropriation will be allocated in one competitive round between the NACA and CDFI Program NOFAs. 

The CDFI Fund reserves the right to 

award more or less than the amounts 

cited above in each category, based 

upon available funding and other 

factors, as appropriate. 

2. Funding Availability for the FY 

2021 Funding Round: As of the date of 

this NOFA the CDFI Fund is operating 

under the Consolidated Appropriations 

Act, 2021 (Pub. L. 116–260). 

3. Anticipated Start Date and Period 

of Performance: The Period of 

Performance for TA grants begins with 

the date of the award announcement 

and includes either (i) an Emerging 

CDFI Recipient’s three full consecutive 

fiscal years after the date of the award 

announcement, or (ii) a Certified CDFI 

Recipient’s two full consecutive fiscal 

years after the date of the award 

announcement, or (iii) a Sponsoring 

Entity Recipient’s four full years after 

the date of the award announcement, 

during which the Recipient must meet 

the Performance Goals and Measures 

(PG&Ms) set forth in the Assistance 

Agreement. The Period of Performance 

for FA awards begins with the date of 

the award announcement and includes 

a Recipient’s three full consecutive 

fiscal years after the date of the award 

announcement, during which time the 

Recipient must meet the PG&Ms set 

forth in the Assistance Agreement. 


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2Matching Funds shall mean funds from sources 

other than the Federal government as defined in 

accordance with the CDFI Program Regulations at 

12 CFR 1805.500. 

3A Native American CDFI (Native CDFI) is one 

that Primarily Serves a Native Community. 

Primarily Serves is defined as 50% or more of an 

Applicant’s activities being directed to a Native 

Community. 

4Budget Period means the time interval from the 

start date of a funded portion of an award to the 

end date of that funded portion during which 

Recipients are authorized to expend the funds 

awarded. 

B. Types of Awards: Through the 

NACA Program, the CDFI Fund 

provides two types of awards: Financial 

Assistance (FA) and Technical 

Assistance (TA) awards. An Applicant 

may submit an Application for a TA 

grant or an FA award under the NACA 

Program, but not both. FA Awards 

include the Base Financial Assistance 

(Base-FA) award and the following 

awards that are provided as a 

supplement to the Base-FA award: 

Healthy Food Financing InitiativeFinancial Assistance (HFFI–FA), 

Persistent Poverty Counties-Financial 

Assistance (PPC–FA), and Disability 

Funds-Financial Assistance (DF–FA). 

The HFFI–FA, PPC–FA, and DF–FA 

Applications will be evaluated 

independently from the Base-FA 

Application, and will not affect the 

Base-FA Application evaluation or BaseFA award amount. 

However, Applicants that qualify for 

the NACA Program may submit two 

Applications: One Application—either 

for a TA grant or an FA award, but not 

both—through the CDFI Program, and 

one Application—either for a TA grant 

or an FA award, but not both—through 

the NACA Program. NACA qualified 

Applicants that choose to apply for 

awards through both the CDFI Program 

and the NACA Program may either 

apply for the same type of award under 

each Program or for a different type of 

award under each Program. NACA 

qualified FA Applicants that choose to 

apply for an FA award under both the 

NACA Program and CDFI Program and 

are selected for an award under both 

Programs will be provided the FA award 

under the CDFI Program. NACA 

qualified TA Applicants that choose to 

apply for a TA award under both the 

NACA Program and CDFI Program and 

are selected for an award under both 

Programs will be provided the TA 

award under the NACA Program. NACA 

qualified Applicants that choose to 

apply for a TA award and a FA award 

under separate programs will be 

provided the larger of the two awards. 

NACA Applicants cannot receive an 

award under both Programs within the 

same funding round. 

The Indian Community Economic 

Enhancement Act of 2020 (Pub. L. 116– 

261) permanently waived the Matching 

Funds 2 requirement for Native 

American CDFIs, 3 and as a result, 

Native American CDFI FA Applicants 

are not required to provide Matching 

Funds. Additionally, TA Applicants are 

not required to provide Matching 

Funds. 

1. Base-FA Awards: Base-FA awards 

are provided in the form of a grant. The 

CDFI Fund reserves the right, in its sole 

discretion, to provide a Base-FA award 

in an amount other than that which the 

Applicant requests; however, the award 

amount will not exceed the Applicant’s 

award request as stated in its 

Application. 

2. Persistent Poverty Counties— 

Financial Assistance (PPC–FA) Awards: 

PPC–FA awards will be provided as a 

supplement to Base-FA awards; 

therefore, only those Applicants that are 

selected to receive a Base-FA award 

through the NACA Program FY 2021 

Funding Round will be eligible to 

receive a PPC–FA award. PPC–FA 

awards are provided in the form of a 

grant. The CDFI Fund reserves the right, 

in its sole discretion, to provide a PPC– 

FA award in an amount other than that 

which the Applicant requests; however, 

the award amount will not exceed the 

Applicant’s award request as stated in 

its Application. 

3. Disability Funds—Financial 

Assistance (DF–FA) Awards: DF–FA 

awards will be provided as a 

supplement to Base-FA awards; 

therefore, only those Applicants that 

have been selected to receive a Base-FA 

award through the NACA Program FY 

2021 Funding Round will be eligible to 

receive a DF–FA award. DF–FA awards 

are provided in the form of a grant for 

Native American CDFIs. The CDFI Fund 

reserves the right, in its sole discretion, 

to provide a DF–FA award in an amount 

other than that which the Applicant 

requests; however, the award amount 

will not exceed the Applicant’s award 

request as stated in its Application. 

4. Healthy Food Financing Initiative— 

Financial Assistance (HFFI–FA) 

Awards: HFFI–FA awards will be 

provided as a supplement to Base-FA 

awards; therefore, only those Applicants 

that have been selected to receive a 

Base-FA award through the NACA 

Program FY 2021 Funding Round will 

be eligible to receive an HFFI–FA 

award. HFFI–FA awards are provided in 

the form of a grant for Native American 

CDFIs. The CDFI Fund reserves the 

right, in its sole discretion, to provide 

an HFFI–FA award in an amount other 

than that which the Applicant requests; 

however, the award amount will not 

exceed the Applicant’s award request as 

stated in its Application. 

5. TA Grants: TA is provided in the 

form of grants. The CDFI Fund reserves 

the right, in its sole discretion, to 

provide a TA grant in an amount other 

than that which the Applicant requests; 

however, the TA grant amount will not 

exceed the Applicant’s request as stated 

in its Application. 

C. Eligible Activities: 

1. FA Awards: Base-FA, PPC–FA, DF– 

FA, and HFFI–FA award funds may be 

expended for activities serving 

Commercial Real Estate, Small Business, 

Microenterprise, Community Facilities, 

Consumer Financial Products, 

Consumer Financial Services, 

Commercial Financial Products, 

Commercial Financial Services, 

Affordable Housing, Intermediary 

Lending to Non-Profits and CDFIs, and 

other lines of business as deemed 

appropriate by the CDFI Fund in the 

following five categories: (i) Financial 

Products; (ii) Financial Services; (iii) 

Loan Loss Reserves; (iv) Development 

Services; and (v) Capital Reserves. The 

FA Budget is the amount of the award 

and must be expended in the five 

eligible activity categories prior to the 

end of the Budget Period. 4 None of the 

eligible activity categories will be 

authorized for Indirect Costs or an 

associated Indirect Cost Rate. Base-FA 

Recipients must meet PG&Ms, which 

will be derived from projections and 

attestations provided by the Applicant 

in its Application, to achieve one or 

more of the following FA Objectives: (i) 

Increase Volume of Financial Products 

in an Eligible Market(s) and/or in the 

Applicant’s approved Target Market 

and/or Increase Volume of Financial 

Services in an Eligible Market(s) and/or 

in the Applicant’s approved Target 

Market; (ii) Serve Eligible Market(s) or 

the Applicant’s approved Target Market 

in New Geographic Area or Areas; (iii) 

Provide New Financial Products in an 

Eligible Market(s) and/or in the 

Applicant’s approved Target Market, 

Provide New Financial Services in an 

Eligible Market(s) and/or in the 

Applicant’s approved Target Market, or 

Provide New Development Services in 

an Eligible Market(s) and/or in the 

Applicant’s approved Target Market; 

and (iv) Serve New Targeted Population 

or Populations. At the end of each year 

of the Period of Performance, 50% or 

more of the Financial Products closed 

by NACA Recipients must be in Native 

Communities. FA awards may only be 

used for Direct Costs associated with an 

eligible activity; no indirect expenses 


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5 2 CFR 200.216 prohibits Recipients and 

Subrecipients from obligating or expending loan or 

grant funds to procure or obtain, by contract or 

otherwise, equipment, services, or systems that use 

‘‘covered telecommunications equipment’’. As used 

herein, ‘‘covered telecommunications equipment’’ is 

telecommunications equipment produced by 

Huawei Technologies Company or ZTE Corporation 

(or any Subsidiary or Affiliate of such entities). 

6 Regulated Institutions include Insured Credit 

Unions, Insured Depository Institutions, StateInsured Credit Unions and Depository Institution 

Holding Companies. 

are allowed. Up to 15% of the FA award 

may be used for Direct Administrative 

Expenses associated with an eligible FA 

activity. ‘‘Direct Administrative 

Expenses’’ shall mean Direct Costs, as 

described in 2 CFR 200.413 of the 

Uniform Requirements, which are 

incurred by the Recipient to carry out 

the Financial Assistance. Direct Costs 

incurred to provide Development 

Services or Financial Services do not 

constitute Direct Administrative 

Expenses. 

The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 2 CFR 

200.216 of the Uniform Requirements, 5

with respect to any Direct Costs. For 

purposes of this NOFA, the five eligible 

activity categories are defined below: 

TABLE 3—BASE-FA, PPC–FA, DF–FA, AND HFFI–FA ELIGIBLE ACTIVITY CATEGORIES

FA eligible activity FA eligible activity definition * Eligible CDFI institution types 

i. Financial Products ........................ FA expended as loans, Equity Investments and similar financing activities (as determined by the CDFI Fund) including the purchase of 

loans originated by Certified CDFIs and the provision of loan guarantees. In the case of CDFI Intermediaries, Financial Products may 

also include loans to CDFIs and/or Emerging CDFIs, and deposits 

in Insured Credit Union CDFIs, Emerging Insured Credit Union 

CDFIs, and/or State-Insured Credit Union CDFIs..

All. 

For HFFI–FA, however, the purchase of loans originated by Certified 

CDFIs, loan refinancing, or any type of financing for prepared food 

outlets are not eligible activities..

ii. Financial Services ....................... FA expended for providing checking, savings accounts, check cashing, money orders, certified checks, automated teller machines, deposit taking, safe deposit box services, and other similar services.Regulated Institutions 6 only. 

Not applicable for HFFI-FA Recipients. 

iii. Loan Loss Reserves ................... FA set aside in the form of cash reserves, or through accountingbased accrual reserves, to cover losses on loans, accounts, and 

notes receivable or for related purposes that the CDFI Fund deems 

appropriate.

All. 

iv. Development Services ............... FA expended for activities undertaken by a CDFI, its Affiliate or contractor that (i) promote community development and (ii) prepare or 

assist current or potential borrowers or investees to use the CDFI’s 

Financial Products or Financial Services. For example, such activities include financial or credit counseling;.

homeownership counseling; business planning; and management assistance..

All. 

v. Capital Reserves ......................... FA set aside as reserves to support the Applicant’s ability to leverage 

other capital, for such purposes as increasing its net assets or providing financing, or for related purposes as the CDFI Fund deems 

appropriate.

Regulated Institutions only. 

Not applicable for DF–FA. 

vi. 

* All FA eligible activities must be in an Eligible Market or the Applicant’s approved Target Market. Eligible Market is defined as (i) a geographic 

area meeting the requirements set forth in 12 CFR 1805.201(b)(3)(ii), or (ii) individuals that are Low-Income, African American, Hispanic, Native 

American, Native Hawaiians residing in Hawaii, Alaska Natives residing in Alaska, or Other Pacific Islanders residing in American Samoa, Guam 

or the Northern Mariana Islands. 

2. DF–FA Award: DF–FA award funds 

may only be expended for eligible FA 

activities (referenced in Table 3) to 

directly or indirectly benefit individuals 

with disabilities. The DF–FA Recipient 

must close Financial Products for the 

primary purpose of directly or indirectly 

benefiting people with disabilities, 

where the majority of the DF–FA 

supported loans or investments benefit 

individuals with disabilities, in an 

amount equal to or greater than 85% of 

the total DF–FA provided. Eligible DF– 

FA financing activities may include, 

among other activities, loans to develop 

or purchase affordable, accessible, and 

safe housing; loans to provide or 

facilitate employment opportunities; 

and loans to purchase assistive 

technology. 

For the purposes of DF- FA, a person 

with a Disability is a person who has a 

physical or mental impairment that 

substantially limits one or more major 

life activities, a person who has a 

history or record of such an impairment, 

or a person who is perceived by others 

as having such an impairment, as 

defined by the American Disabilities 

Act (ADA) at https://www.ada.gov/ 

cguide.htm. 

3. TA Grants: TA grant funds may be 

expended for the following eight eligible 

activity categories: (i) Compensation— 

Personal Services; (ii) Compensation— 

Fringe Benefits; (iii) Professional 

Service Costs; (iv) Travel Costs; (v) 

Training and Education Costs; (vi) 

Equipment; (vii) Supplies; and (viii) 

Incorporation Costs. Only Sponsoring 

Entities may use TA grant funds for 

Incorporation Costs. The TA Budget is 

the amount of the award and must be 

expended in the eight eligible activity 

categories before the end of the Budget 

Period. None of the eligible activity 

categories will be authorized for Indirect 

Costs or an associated Indirect Cost 

Rate. Any expenses that are prohibited 

by the Uniform Requirements are 

unallowable and are generally found in 

Subpart E-Cost Principles. The 

Recipient must comply, as applicable, 

with the Buy American Act of 1933, 41 

U.S.C. 8301–8303 and 2 CFR 200.216 of 

the Uniform Requirements, with respect 

to any Direct Costs. For purposes of this 


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NOFA, the eight eligible activity 

categories are defined below: 

TABLE 4—TA ELIGIBLE ACTIVITY CATEGORIES, SUBJECT TO THE APPLICABLE PROVISIONS OF THE UNIFORM

REQUIREMENTS

(i) Compensation—Personal 

Services.

TA paid to cover all remuneration paid currently or accrued, for services of Applicant’s employees rendered during the Period of Performance under the TA grant in accordance with § 200.430 of the Uniform Requirements. 

Any work performed directly but unrelated to the purposes of the TA grant may not be paid as Compensation 

through a TA grant. For example, the salaries for building maintenance would not carry out the purpose of a 

TA grant and would be deemed unallowable. 

(ii) Compensation—Fringe 

Benefits.

TA paid to cover allowances and services provided by the Applicant to its employees as Compensation in addition to regular salaries and wages, in accordance with § 200.431 of the Uniform Requirements. Such expenditures are allowable as long as they are made under formally established and consistently applied organizational policies of the Applicant. 

(iii) Professional Service 

Costs.

TA used to pay for professional and consultant services (e.g., such as strategic and marketing plan development), rendered by persons who are members of a particular profession or possess a special skill (e.g., credit 

analysis, portfolio management), and who are not officers or employees of the Applicant, in accordance with 

§ 200.459 of the Uniform Requirements. Payment for a consultant’s services may not exceed the current maximum of the daily equivalent rate paid to an Executive Schedule Level IV Federal employee. Professional and 

consultant services must build the capacity of the CDFI. For example, professional services that provide direct 

Development Services to the customers does not build the capacity of the CDFI to provide those services and 

would not be eligible. The Applicant must comply, as applicable, with 2 CFR 200.216 of the Uniform Requirements, with respect to payment of Professional Service Costs. 

(iv) Travel Costs ................... TA used to pay costs of transportation, lodging, subsistence, and related items incurred by the Applicant’s personnel who are on travel status on business related to the TA award, in accordance with § 200.475 of the Uniform Requirements. Travel Costs do not include costs incurred by the Applicant’s consultants who are on travel 

status. Any payments for travel expenses incurred by the Applicant’s personnel but unrelated to carrying out 

the purpose of the TA grant would be deemed unallowable. As such, documentation must be maintained that 

justifies the travel as necessary to the TA grant. 

(v) Training and Education 

Costs.

TA used to pay the cost of training and education provided by the Applicant for employees’ development in accordance with § 200.473 of the Uniform Requirements. TA can only be used to pay for training costs incurred 

by the Applicant’s employees. Training and Education Costs may not be incurred by the Applicant’s consultants. 

(vi) Equipment ...................... TA used to pay for tangible personal property, having a useful life of more than one year and a per-unit acquisition cost of at least $5,000, in accordance with § 200.1 of the Uniform Requirements. For example, items such 

as office furnishings and information technology systems are allowable as Equipment costs. The Applicant 

must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301–8303 and 2 CFR 200.216 of 

the Uniform Requirements, with respect to the purchase of Equipment. 

(vii) Supplies ......................... TA used to pay for tangible personal property with a per unit acquisition cost of less than $5,000 in accordance 

with § 200.1 of the Uniform Requirements. For example, a desktop computer costing $1,000 is allowable as a 

Supply cost. The Applicant must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301– 

8303 and 2 CFR 200.216 of the Uniform Requirements, with respect to the purchase of Supplies. 

(viii) Incorporation Costs 

(Sponsoring Entities only).

TA used to pay for incorporation fees in connection with the establishment or reorganization of an organization as 

a CDFI, in accordance with § 200.455 of the Uniform Requirements. Incorporation Costs are allowable for 

NACA Program Sponsoring Entity Applicants only. 

4. HFFI–FA Award: HFFI–FA award 

funds may only be expended for eligible 

FA activities referenced in Table 3. The 

HFFI–FA investments must comply 

with the following guidelines: 

a. Recipient must close Financial 

Products for Healthy Food Retail Outlets 

and Healthy Food Non-Retail Outlets in 

its approved Target Market in an 

amount equal to or greater than 100% of 

the total HFFI Financial Assistance 

provided. Eligible financing activities to 

Healthy Food Retail Outlets and Healthy 

Food Non-Retail Outlets require that the 

majority of the loan or investment be 

devoted to offering a range of Healthy 

Food choices, which may include, 

among other activities, investments 

supporting an existing retail store or 

wholesale operation upgrade to offer an 

expanded range of Healthy Food 

choices, or supporting a nonprofit 

organization that expands the 

availability of Healthy Foods in 

underserved areas. 

b. Recipient must demonstrate that it 

has closed Financial Products to 

Healthy Food Retail Outlets located in 

Food Deserts in the Recipient’s 

approved Target Market in an amount 

equal to 75% of the total HFFI Financial 

Assistance provided. 

Definitions: 

Healthy Foods: Healthy Foods include 

unprepared nutrient-dense foods and 

beverages as set forth in the USDA 

Dietary Guidelines for Americans 2020– 

2025 including whole fruits and 

vegetables, whole grains, fat free or lowfat dairy foods, lean meats and poultry 

(fresh, refrigerated, frozen or canned). 

Healthy Foods should have low or no 

added sugars, and be low-sodium, 

reduced sodium, or no-salt-added. (See 

USDA Dietary Guidelines: http://

www.dietaryguidelines.gov). 

Healthy Food Retail Outlets: 

Commercial sellers of Healthy Foods 

including, but not limited to, grocery 

stores, mobile food retailers, farmers 

markets, retail cooperatives, corner 

stores, bodegas, stores that sell other 

food and non-food items along with a 

range of Healthy Foods. 

Healthy Food Non-Retail Outlets: 

Wholesalers of Healthy Foods 

including, but not limited to, wholesale 

food outlets, wholesale cooperatives, or 

other non-retail food producers that 

supply for sale a range of Healthy Food 

options; entities that produce or 

distribute Healthy Foods for eventual 

retail sale, and entities that provide 

consumer education regarding the 

consumption of Healthy Foods. 


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Food Deserts: Distressed geographic 

areas where either a substantial number 

or share of residents has low access to 

a supermarket or large grocery store. For 

the purpose of satisfying this 

requirement, a Food Desert must either: 

(1) Be a census tract determined to be 

a Food Desert by the U.S. Department of 

Agriculture (USDA), in its USDA Food 

Access Research Atlas; (2) be a census 

tract adjacent to a census tract 

determined to be a Food Desert by the 

USDA, in its USDA Food Access 

Research Atlas; which has a median 

family income less than or equal to 

120% of the applicable Area Median 

Family Income; or (3) be a Geographic 

Unit as defined in 12 CFR 

1805.201(b)(3)(ii)(B), which (i) 

individually meets at least one of the 

criteria in 12 CFR 1805.201(b)(3)(ii)(D), 

and (ii) has been identified as having 

low access to a supermarket or grocery 

store through a methodology that has 

been adopted for use by another 

governmental or philanthropic healthy 

food initiative. 

5. PPC–FA Award: PPC–FA award 

funds may only be expended for eligible 

FA activities referenced in Table 3. The 

PPC–FA Recipient must close Financial 

Products in PPC in an Eligible Market or 

in the Applicant’s approved Target 

Market in an amount equal to or greater 

than 100% of the total PPC Financial 

Assistance provided. The specific 

counties that meet the criteria for 

‘‘persistent poverty’’ can be found at: 

https://www.cdfifund.gov/Documents/ 

CDFIPPCFeb19-2020.xls. 

III. Eligibility Information 

A. Eligible Applicants: For the 

purposes of this NOFA, the following 

tables set forth the eligibility criteria to 

receive an award from the CDFI Fund, 

along with certain definitions of terms. 

There are four categories of Applicant 

eligibility criteria: (1) CDFI certification 

criteria (Table 5); (2) requirements that 

apply to all Applicants (Table 6); (3) 

requirements that apply to TA 

Applicants (Table 7); and (4) 

requirements that apply to FA 

Applicants (Table 8). 

TABLE 5—CDFI CERTIFICATION CRITERIA DEFINITIONS

Certified CDFI ................................. • An entity that the CDFI Fund has officially notified that it meets all CDFI certification requirements. 

Emerging CDFI (TA Applicants) ..... • A non-Certified entity that demonstrates to the CDFI Fund in its Application that it has an acceptable 

plan to meet CDFI certification requirements by the end of its Period of Performance, or another date 

that the CDFI Fund selects. 

• An Emerging CDFI that has prior award(s) must comply with CDFI certification PG&M(s) stated in its 

prior Assistance Agreement(s). 

• An Emerging CDFI selected to receive a TA grant will be required to become a Certified CDFI by a date 

specified in the Assistance Agreement. 

Sponsoring Entity ............................ • Sponsoring Entities include any legal organization that primarily serves a Native Community with ’’primary’’ meaning, at least 50% 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. 

• Each Sponsoring Entity selected to receive a TA grant will be required to create a CDFI and ensure that 

this newly created CDFI becomes certified by the dates specified in the Assistance Agreement. 

Definition of Native Other Targeted 

Population as Target Market.

The CDFI Fund uses the following definitions, set forth in the Office of Management and Budget (OMB) 

Notice, Revisions to the Standards for the Classification of Federal Data on Race and Ethnicity (October 

30, 1997), as amended and supplemented: 

• American Indian, Native American, or Alaska Native: A person having origins in any of the original 

peoples of North and South America (including Central America) and who maintains tribal affiliation 

or community attachment; and 

• Native Hawaiian (living in Hawaii): A person having origins in any of the original peoples of Hawaii. 

TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS

Applicant ......................................... • Only the entity that will carry out the proposed award activities may apply for an award (other than Depository Institution Holding Companies (DIHC) 7—see below and Sponsoring Entities). Recipients may 

not create a new legal entity to carry out the proposed award activities (except for Sponsoring Entities). 

• The information in the Application should only reflect the activities of the Applicant, including the presentation of financial and portfolio information. Do not include financial or portfolio information from parent 

companies, Affiliates, or Subsidiaries in the Application unless it relates to the provision of Development 

Services. 

• An Applicant that applies on behalf of another organization will be rejected without further consideration, 

other than Depository Institution Holding Companies (see below). 

Application type and submission 

overview through Grants.gov and 

Awards Management Information 

System (AMIS).

• Applicants must submit the Required Application Documents listed in Table 10. 

• The CDFI Fund will only accept Applications that use the official Application templates provided on the 

Grants.gov and AMIS websites. Applications submitted with alternative or altered templates will not be 

considered. 

• Applicants undergo a two-step process that requires the submission of Application documents by two 

separate deadlines in two different locations: (1) The SF–424 in Grants.gov and (2) all other Required 

Application Documents in AMIS. 

• Grants.gov and the SF–424: 

Æ Grants.gov: Applicants must submit the Standard Form (SF) SF–424, Application for Federal Assistance. 

Æ All Applicants must register in the Grants.gov system to successfully submit an Application. The 

Grants.gov registration process can take 30 days or more to complete. The CDFI Fund strongly encourages Applicants to register as early as possible. 

Æ The CDFI Fund will not extend the SF–424 application deadline for any Applicant that started the 

Grants.gov registration process on, before, or after the date of the publication of this NOFA, but did 

not complete it by the deadline except in the case of a Federal government administrative or technological error that directly resulted in a late submission of the SF–424. 


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TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS—Continued 

Æ The SF–424 must be submitted in Grants.gov on or before the deadline listed in Table 1 and Table 

12. Applicants are strongly encouraged to submit their SF–424 as early as possible in the 

Grants.gov portal. 

Æ The deadline for the Grants.gov submission is before the AMIS submission deadline. 

Æ The SF–424 must be submitted under the NACA Program Funding Opportunity Number for the 

NACA Program Application. NACA Program Applicants should be careful to not select the CDFI 

Program Funding Opportunity Number when submitting their SF–424 for the NACA Program. NACA 

Program Applicants that submit their SF–424 for the NACA Program Application under the CDFI 

Program Funding Opportunity Number will be deemed ineligible for the NACA Program Application. 

Æ If the SF–424 is not accepted by Grants.gov by the deadline, the CDFI Fund will not review any 

material submitted in AMIS and the Application will be deemed ineligible. 

• AMIS and all other Required Application Documents listed in Table 10: 

Æ AMIS is an enterprise-wide information technology system. Applicants will use AMIS to submit and 

store organization and Application information with the CDFI Fund. 

Æ Applicants are only allowed one NACA Program Application submission in AMIS. 

Æ Each Application in AMIS must be signed by an Authorized Representative. 

Æ Applicants must ensure that the Authorized Representative is an employee or officer of the Applicant, authorized to sign legal documents on behalf of the organization. Consultants working on behalf of the organization may not be designated as Authorized Representatives. 

Æ Only the Authorized Representative or Application Point of Contact, included in the Application, may 

submit the Application in AMIS. 

Æ All Required Application Documents must be submitted in AMIS on or before the deadline specified 

in Tables 1 and 12. 

Æ The CDFI Fund will not extend the deadline for any Applicant except in the case of a Federal government administrative or technological error that directly resulted in the late submission of the Application in AMIS. 

Employer Identification Number 

(EIN).

• Applicants must have a unique EIN assigned by the Internal Revenue Service (IRS). 

• The CDFI Fund will reject an Application submitted with the EIN of a parent or Affiliate organization. 

• The EIN in the Applicant’s AMIS account must match the EIN in the Applicant’s System for Award Management (SAM) account. The CDFI Fund reserves the right to reject an Application if the EIN in the Applicant’s AMIS account does not match the EIN in its SAM account. 

• Applicants must enter their EIN into their AMIS profile on or before the deadline specified in Tables 1 

and 12. 

Dun & Bradstreet, (DUNS) number • Pursuant to OMB guidance (68 FR 38402), an Applicant must apply using its unique DUNS number in 

Grants.gov. 

• The CDFI Fund will reject an Application submitted with the DUNS number of a parent or Affiliate organization. 

• The DUNS number in the Applicant’s AMIS account must match the DUNS number in the Applicant’s 

Grants.gov and SAM accounts. The CDFI Fund will reject an Application if the DUNS number in the Applicant’s AMIS account does not match the DUNS number in its Grants.gov and SAM accounts. 

• Applicants must enter their DUNS number into their AMIS profile on or before the deadline specified in 

Tables 1 and 12. 

System for Award Management 

(SAM).

• SAM is a web-based, government-wide application that collects, validates, stores, and disseminates 

business information about the federal government’s trading partners in support of the contract awards, 

grants, and electronic payment processes. 

• Applicants must register in SAM as part of the Grants.gov registration process. 

• Applicants must have a DUNS number and an EIN number in order to register in SAM. 

• Applicants must be registered in SAM in order to submit an SF–424 in Grants.gov. 

• The CDFI Fund reserves the right to deem an Application ineligible if the Applicant’s SAM account expires during the Application evaluation period, or is set to expire before September 30, 2021, and the 

Applicant does not re-activate, or renew, as applicable, the account within the deadlines that the CDFI 

Fund communicates to affected Applicants during the Application evaluation period. 

AMIS Account ................................. • Each Applicant must register as an organization in AMIS and submit all Required Application Documents 

listed in Table 10 through the AMIS portal. 

• The Application of any organization that does not properly register in AMIS by the deadline set forth in 

Table 1—FY 2021 NACA Program Funding Round Critical Deadlines for Applicants—will be rejected 

without further consideration. 

• The Authorized Representative and/or Application Point of Contact must be included as ‘‘users’’ in the 

Applicant’s AMIS account. 

• An Applicant that fails to properly register and update its AMIS account may miss important communication from the CDFI Fund and/or may not be able to successfully submit an Application. 

501 (c)(4) status .............................. • Pursuant to 2 U.S.C. 1611, any 501(c)(4) organization that engages in lobbying activities is not eligible 

to receive a CDFI or NACA Program award. 

Compliance with Nondiscrimination 

and Equal Opportunity Statutes, 

Regulations, and Executive Orders.

• An Applicant may not be eligible to receive an award if proceedings have been instituted against it in, 

by, or before any court, governmental agency, or administrative body, and a final determination within 

the last three years indicates the Applicant has violated any of the following laws, including but not limited to: Title VI of the Civil Rights Act of 1964, as amended (42 U.S.C.2000d); Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794); the Age Discrimination Act of 1975, (42 U.S.C. 6101–6107), and 

Executive Order 13166, Improving Access to Services for Persons with Limited English Proficiency. 

Depository Institution Holding Company Applicant.• In the case where a CDFI Depository Institution Holding Company Applicant intends to carry out the activities of an award through its Subsidiary CDFI Insured Depository Institution, the Application must be 

submitted by the CDFI Depository Institution Holding Company and reflect the activities and financial 

performance of the Subsidiary CDFI Insured Depository Institution. 


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7 Depository Institution Holding Company or 

DIHC means a Bank Holding Company or a Savings 

and Loan Holding Company. 

TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS—Continued 

• Authorized Representatives of both the Depository Institution Holding Company and the Subsidiary CDFI 

Insured Depository Institution must certify that the information included in the Application represents that 

of the Subsidiary CDFI Insured Depository Institution, and that the award funds will be used to support 

the Subsidiary CDFI Insured Depository Institution for the eligible activities outlined in the Application. 

Use of award ................................... • All awards made through this NOFA must be used to support the Applicant’s activities in at least one of 

the FA or TA Eligible Activity Categories (see Section II. (C)). 

• With the exception of Depository Institution Holding Company Applicants, awards may not be used to 

support the activities of, or otherwise be passed through, transferred, or co-awarded to, third-party entities, whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar 

transaction, and with the CDFI Fund’s prior written consent. The Recipient of any award made through 

this NOFA must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301–8303 and 2 

CFR 200.216 of the Uniform Requirements, with respect to any Direct Costs. 

Requested award amount ............... • An Applicant must state its requested award amount in the Application in AMIS. An Applicant that does 

not include this amount will not be allowed to submit an Application. 

Pending resolution of noncompliance.• The CDFI Fund will consider an Application submitted by an Applicant that has pending noncompliance 

issues on any of its previously executed award agreement(s), if the CDFI Fund has not yet made a final 

compliance determination. 

Noncompliance or default 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 final determination that such entity is noncompliant or found in default 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 loan from the CDFI Fund within 

five years of the Application deadline. 

Debarment/Do Not Pay Verification • The CDFI Fund will conduct a debarment check and will not consider an Application submitted by an 

Applicant (or Affiliate of an Applicant) if the Applicant is delinquent on any Federal debt. 

• 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 Do 

Not Pay Business Center provides delinquency information to the CDFI Fund to assist with the debarment check. 

TABLE 7—ELIGIBILITY REQUIREMENTS FOR TA APPLICANTS

CDFI certification status .................. Certified CDFIs, Emerging CDFIs, or Sponsoring Entities (see definitions in Table 5). 

Matching Funds .............................. • Matching Funds documentation is not required for TA awards. 

Limitation on Awards ...................... • An Emerging CDFI serving Native Communities may not receive more than three TA awards as an 

uncertified CDFI. 

• A Sponsoring Entity is only eligible to apply for an award if (i) it does not have an active prior award or 

(ii) the certification goal in its active award’s Assistance Agreement has been satisfied and it proposes to 

create another CDFI that will serve one or more Native Communities. 

Proposed Activities ......................... • Applicants must propose to directly undertake eligible activities with TA awards. For example, an 

uncertified CDFI Applicant must propose to become certified as part of its Application and a Certified 

CDFI Applicant must propose activities that build its capacity to serve its Target Market or an Eligible 

Market. 

• With the exception of Sponsoring Entities, Applicants may not propose to use a TA award to create a 

separate legal entity to become a Certified CDFI or otherwise carry out the TA award activities. 

Regulated Institution ....................... • Each Regulated Institution TA Applicant must have a CAMELS/CAMEL rating (rating for banks and credit unions, respectively) or equivalent type of rating by its regulator (collectively referred to as ‘‘CAMELS/ 

CAMEL rating’’) of at least ‘‘4’’. 

• TA Applicants with CAMELS/CAMEL ratings of ‘‘5’’ will not be eligible for awards. 

• The CDFI Fund will also evaluate material concerns identified by the Appropriate Federal Banking Agency in determining the eligibility of Regulated Institution Applicants. 

Target Market .................................. • TA Applicants must demonstrate that the Certified CDFI, Emerging CDFI, or the CDFI to be created by 

the Sponsoring Entity will primarily serve one or more Native Communities as its Target Market. 

TABLE 8—ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS

CDFI certification status .................. • Each FA Applicant must be a Certified CDFI prior to the date of the release of this NOFA. 

• The CDFI Fund will consider an Application submitted by an Applicant that has pending noncompliance 

issues with its Annual Certification Report if the CDFI Fund has not yet made a final compliance determination. 

• If a Certified CDFI loses its certification at any point prior to the award announcement, the Application 

will no longer be considered by the CDFI Fund. 

Activities in Native Communities .... • For consideration under this NOFA, each FA Applicant must: 


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TABLE 8—ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS—Continued 

Æ Demonstrate that at least 50% of its past activities were in one or more Native Communities; and 

Æ Describe how it will target its lending/investing activities to one or more Native Communities. 

Target Market .................................. • For consideration under this NOFA, an FA Applicant’s certification Target Market must have one or more 

of the following characteristics: 

Æ For qualifying with an Investment Area, the Applicant must demonstrate that the Investment Area 

approved for certification is also a geographic area of Federally-designated reservations, Hawaiian 

homelands, Alaska Native Villages and U.S. Census Bureau designated Tribal Statistical Areas; 

and/or 

Æ For qualifying with an Other Targeted Population (OTP), the applicant’s Target Market approved for 

certification must be an OTP of Native Americans or American Indians, including Alaska Natives living in Alaska and Native Hawaiians living in Hawaii. 

• Any FA Applicant whose certification Target Market does not meet either of the conditions above will not 

be eligible for an FA award under this NOFA. 

Community Collaboration ................ • All FA Applicants must demonstrate strong community collaboration with Native Communities. 

Matching Funds documentation ...... • Native American CDFIs are not required to provide Matching Funds. 

$5 Million funding cap ..................... • The CDFI Fund is prohibited from obligating more than $5 million in CDFI and NACA Program awards, 

in the aggregate, to any one organization and its Subsidiaries and Affiliates during any three-year period 

from the Announcement Date. 

• For TA Applicants, for purposes of this NOFA and per final FY 2021 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 2019, and 2020 funding rounds, as well as 

the requested FY 2021 award, excluding DF–FA and HFFI–FA awards. 

• For FA Applicants, for purposes of this NOFA and per final FY 2021 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 2019 and 2020 funding rounds, as well as 

the requested FY 2021 award, excluding DF–FA and HFFI–FA awards. 

FA Applicants with Community 

Partners.

• A NACA Applicant can apply for assistance jointly with a Community Partner. The CDFI Applicant must 

complete the NACA Program Application and address the Community Partnership in its business plan 

and other sections of the Application as specified in the Application materials. 

• The CDFI Applicant must be a Certified CDFI as defined in Table 5. 

• An Application with a Community Partner must: 

Æ Describe how the NACA Applicant and Community Partner will each participate in the partnership 

and how the partnership will enhance eligible activities serving the Investment Area and/or Targeted 

Population. 

Æ Demonstrate that the Community Partnership activities are consistent with the strategic plan submitted by the NACA Applicant. 

• Assistance provided upon approval of an Application with a Community Partner shall only be entrusted 

to the NACA Applicant and shall not be used to fund any activity carried out directly by the Community 

Partner or an Affiliate or Subsidiary thereof. 

Regulated Institution ....................... • Each Regulated Institution FA Applicant must have a CAMELS/CAMEL rating (rating for banks and credit unions, respectively) or equivalent type of rating by its regulator (collectively referred to as ‘‘CAMELS/ 

CAMEL rating’’) of at least ‘‘3’’. 

• FA Applicants with CAMELS/CAMEL ratings of ‘‘4 or 5’’ will not be eligible for awards. 

• The CDFI Fund will also evaluate material concerns identified by the Appropriate Federal Banking Agency in determining the eligibility of Regulated Institution Applicants. 

PPC–FA .......................................... • All PPC–FA Applicants must: 

Æ Submit a CDFI or NACA Program FA Application; 

Æ Meet all NACA FA award eligibility requirements; and 

Æ Provide a PPC–FA award request amount in AMIS. 

DF–FA ............................................. • All DF–FA Applicants must: 

Æ Submit a CDFI or NACA Program FA Application; 

Æ Meet all NACA FA award eligibility requirements; 

Æ Submit the DF–FA Application; and 

Æ Provide a DF–FA award request amount in AMIS. 

HFFI–FA .......................................... • All HFFI–FA Applicants must: 

Æ Submit a CDFI or NACA Program FA Application; 

Æ Meet all NACA FA award eligibility requirements; 

Æ Submit the HFFI–FA Application; and 

Æ Provide a HFFI–FA award request amount in AMIS. 

B. Matching Funds Requirements: 

Native American CDFIs are not required 

to provide Matching Funds. 

TABLE 9—RESERVED


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IV. Application and Submission 

Information 

A. Address to Request an Application 

Package: Application materials can be 

found on the CDFI Fund’s website at 

www.cdfifund.gov/programs-training/ 

Programs/native-initiatives. Applicants 

may request a paper version of any 

Application material by contacting the 

CDFI Fund Help Desk at cdfihelp@

cdfi.treas.gov. Paper versions of 

Application materials will only be 

provided if an Applicant cannot access 

the CDFI Fund’s website. 

B. Content and Form of Application 

Submission: All Applications must be 

prepared using the English language, 

and calculations must be computed in 

U.S. dollars. The following table lists 

the Required Application Documents for 

the FY 2021 Funding Round. The CDFI 

Fund reserves the right to request and 

review other pertinent or public 

information that has not been 

specifically requested in this NOFA or 

the Application. Information submitted 

by the Applicant that the CDFI Fund has 

not specifically requested will not be 

reviewed or considered as part of the 

Application. Financial data, portfolio, 

and activity information provided in the 

Application should only include the 

Applicant’s activities. Information 

submitted must accurately reflect the 

Applicant’s activities. 

TABLE 10—REQUIRED APPLICATION DOCUMENTS

Application documents Applicant type Submission format 

Active AMIS Account ............................................................................................... All Applicants ......................................... AMIS. 

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. 

PPC–FA Application Components: ......................................................................... PPC–FA Applicants ............................... AMIS. 

• Funding Application Detail 

• Narratives 

• AMIS Charts 

DF–FA Application Components: ............................................................................ DF–FA Applicants .................................. AMIS. 

• Funding Application Detail. 

• Narratives. 

• AMIS Charts. 

HFFI–FA Application Components: ......................................................................... HFFI–FA Applicants .............................. AMIS. 

• Funding Application Detail. 

• Narratives. 

• AMIS charts. 

ATTACHMENTS TO THE APPLICATION: Add to ‘‘Related Attachments’’ related list in Application 

Key Staff Resumes ................................................................................................. All Applicants ......................................... PDF or Word document in AMIS. 

Organizational Chart ............................................................................................... All Applicants ......................................... PDF in AMIS. 

Audited financial statements for the Applicant’s Three Most Recent Historic Fiscal Years.FA Applicants: Loan funds, Venture 

Capital Funds,8 and other non-Regulated Institutions. 

PDF in AMIS. 

TA Applicants, if available: loan funds, 

Venture Capital Funds, and other 

non-Regulated Institutions.

Management Letter for the Applicant’s Most Recent Historic Fiscal Year .............

The Management Letter is prepared by the Applicant’s auditor and is a communication on internal control over financial reporting, compliance, and other 

matters. The Management Letter contains the auditor’s findings regarding the 

Applicant’s accounting policies and procedures, internal controls, and operating policies, including any material weaknesses, significant deficiencies, and 

other matters identified during auditing. The Management Letter may include 

suggestions for improving on identified weaknesses and deficiencies and/or 

best practice suggestions for items that may not be considered to be weaknesses or deficiencies. The Management Letter may also include items that 

are not required to be disclosed in the annual audited financial statements. 

The Management Letter is distinct from the auditor’s Opinion Letter, which is 

required by Generally Accepted Accounting Principles (GAAP). Management 

Letters are not required by GAAP, and are sometimes provided by the auditor 

as a separate letter from the audit itself.

FA Applicants: Loan funds, Venture 

Capital Funds, and other non-Regulated Institutions.

TA Applicants, if audited financial statements are available: Loan funds, 

Venture Capital Funds, and other 

non-Regulated Institutions.

PDF in AMIS. 

Statement(s) in Lieu of Management Letter for Applicant’s Most Recent Historic 

Fiscal Year issued by the Board Treasurer or other Board member using the 

template provided in the Application materials (required only if Management 

Letters are not available for audited financial statements).

FA Applicants: Loan funds, Venture 

Capital Funds, and other non-Regulated Institutions.

TA Applicants, if audited financial statements ARE available but the Management Letters are NOT available: 

Loan funds, Venture Capital Funds, 

and other non-Regulated Institutions.

AMIS. 

Unaudited financial statements for Applicant’s Three Most Recent Historic Years 

(required only if audited financial statements are not available).

TA Applicants: Loan funds, Venture 

Capital Funds, and other non-Regulated Institutions.

PDF in AMIS. 


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8 A Venture Capital Fund is an organization that 

predominantly invests funds in businesses, 

typically in the form of either Equity Investments 

or subordinated debt with equity features such as 

revenue participation or warrants, and generally 

seeks to participate in the upside returns of such 

businesses in an effort to at least partially offset the 

risk of its investments. 

TABLE 10—REQUIRED APPLICATION DOCUMENTS—Continued 

Application documents Applicant type Submission format 

Current Year to Date—December 31, 2020 Unaudited financial statements ........ FA and TA Applicants: Loan funds, 

Venture Capital Funds, and other 

non-Regulated Institutions.

PDF in AMIS. 

Community Partnership Agreement ........................................................................ FA Applicants, if applicable ................... PDF or Word document in AMIS. 

C. Application Submission: The CDFI 

Fund has a two-step process that 

requires the submission of Required 

Application Documents (listed in Table 

10) on separate deadlines and locations. 

The SF–424 must be submitted through 

Grants.gov and all other Required 

Application Documents through the 

AMIS portal. The CDFI Fund will not 

accept Applications via email, mail, 

facsimile, or other forms of 

communication, except in extremely 

rare circumstances that have been preapproved in writing by the CDFI Fund. 

The deadline for submitting the SF–424 

is listed in Tables 1 and 12. 

All Applicants must register in the 

Grants.gov system to successfully 

submit the SF–424. The Grants.gov 

registration process can take 45 days or 

longer to complete and the CDFI Fund 

strongly encourages Applicants to start 

the Grants.gov registration process as 

early as possible (refer to the following 

link: http://www.grants.gov/web/grants/ 

register.html). Since the Grants.gov 

registration process requires Applicants 

to have DUNS and EIN numbers, 

Applicants without these required 

numbers should allow for additional 

time to complete the Grants.gov 

registration process. Further, as 

described in Section IV. (E) of this 

NOFA, new requirements for 

registration in the System for Awards 

Management (SAM), which is required 

as part of the Grants.gov registration 

process, may take more time than in 

recent years. The CDFI Fund will not 

extend the Application deadline for any 

Applicant that started the Grants.gov 

registration process but did not 

complete it by the deadline. An 

Applicant that has previously registered 

with Grants.gov must verify that its 

registration is current and active. 

Applicants should contact Grants.gov 

directly with questions related to the 

registration or submission process as the 

CDFI Fund does not maintain the 

Grants.gov system. 

Each Application must be signed by a 

designated Authorized Representative 

in AMIS before it can be submitted. 

Applicants must ensure that an 

Authorized Representative is an 

employee or officer and is authorized to 

sign legal documents on behalf of the 

Applicant. Consultants working on 

behalf of the Applicant may not be 

designated as Authorized 

Representatives. Only a designated 

Authorized Representative or 

Application Point of Contact, included 

in the Application, may submit the 

Application in AMIS. If an Authorized 

Representative or Application Point of 

Contact does not submit the 

Application, the Application will be 

deemed ineligible. 

D. Dun & Bradstreet Universal 

Numbering System: Pursuant to the 

Uniform Requirements, each Applicant 

must provide as part of its Application 

submission, a Dun and Bradstreet 

Universal Numbering System (DUNS) 

number. Applicants without a DUNS 

number will not be able to register and 

submit an Application in the Grants.gov 

system. Allow sufficient time for Dun & 

Bradstreet to respond to inquiries and/ 

or requests for DUNS numbers. 

E. System for Award Management 

(SAM): Any entity applying for Federal 

grants or other forms of Federal 

financial assistance through Grants.gov 

must be registered in SAM before 

submitting its Application. Registration 

in SAM is required as part of the 

Grants.gov registration process. The 

SAM registration process may take one 

month or longer to complete. A signed 

notarized letter identifying the SAM 

authorized entity administrator for the 

entity associated with the DUNS 

number is required. This requirement is 

applicable to new entities registering in 

SAM, as well as to existing entities with 

registrations being updated or renewed 

in SAM. Applicants without DUNS and/ 

or EIN numbers should allow for 

additional time as an Applicant cannot 

register in SAM without those required 

numbers. Applicants that have 

previously completed the SAM 

registration process must verify that 

their SAM accounts are current and 

active. Each Applicant must continue to 

maintain an active SAM registration 

with current information at all times 

during which it has an active Federal 

award or an Application under 

consideration by a Federal awarding 

agency. The CDFI Fund will deem 

ineligible any Applicant that fails to 

properly register or activate its SAM 

account and, as a result, is unable to 

submit the SF–424 in Grants.gov or 

Application in AMIS by the applicable 

Application deadlines. These 

restrictions also apply to organizations 

that have not yet received a DUNS or 

EIN number. Applicants must contact 

SAM directly with questions related to 

registration or SAM account changes as 

the CDFI Fund does not maintain this 

system and has no ability to make 

changes or correct errors of any kind. 

For more information about SAM, visit 

https://www.sam.gov. 

TABLE 11—Grants.gov REGISTRATION TIMELINE SUMMARY

Step Agency Estimated minimum time 

to complete 

Obtain a DUNS number .................................... Dun & Bradstreet .............................................. One (1) Week. * 

Obtain an EIN Number ...................................... Internal Revenue Service (IRS) ....................... Two (2) Weeks. * 

Register in SAM.gov .......................................... System for Award Management (SAM.gov) .... Four (4) Weeks. * 


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TABLE 11—Grants.gov REGISTRATION TIMELINE SUMMARY—Continued 

Step Agency Estimated minimum time 

to complete 

Register in Grants.gov ....................................... Grants.gov ........................................................ One (1) Week. ** 

* Applicants are advised that the stated durations are estimates only and represent minimum timeframes. Actual timeframes may take longer. 

The CDFI Fund will deem ineligible any Applicant that fails to properly register or activate its SAM account, has not yet received a DUNS or EIN 

number, and/or fails to properly register in Grants.gov. 

** This estimate assumes an Applicant has a DUNS number, an EIN number, and is already registered in SAM.gov. 

F. Submission Dates and Times: 

1. Submission Deadlines: The 

following table provides the critical 

deadlines for the FY 2021 Funding 

Round. 

TABLE 12—FY 2021 NACA PROGRAM FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS

Description Deadline 

Time 

(eastern time— 

ET) 

Submission method 

Last day to create an Awards Management Information Systems (AMIS) Account (all Applicants).March 22, 2021 11:59 p.m. ........ AMIS. 

Last day to enter EIN and DUNS numbers in AMIS 

(all Applicants).

March 22, 2021 11:59 p.m. ........ AMIS. 

Last day to submit SF–424 (Application for Federal 

Assistance).

March 22, 2021 11:59 p.m. ........ Electronically via Grants.gov. 

Last day to contact NACA Program staff .................. April 29, 2021 ... 5:00 p.m. .......... Service Request via AMIS 

Or CDFI Fund Helpdesk: 

202–653–0421. 

Last day to contact AMIS–IT Help Desk (regarding 

AMIS technical problems only).

May 3, 2021 ..... 5:00 p.m. .......... Service Request via AMIS 

Or 202–653–0422 Or AMIS@cdfi.treas.gov 

Last day to submit NACA Program Application for 

Financial Assistance (FA) or Technical Assistance 

(TA).

May 3, 2021 ..... 11:59 p.m. ........ AMIS. 

2. Confirmation of Application 

Submission in Grants.gov and AMIS: 

Applicants are required to submit the 

SF–424, Application for Federal 

Assistance through the Grants.gov 

system, under the NACA Program 

Funding Opportunity Number by the 

applicable deadline. All other Required 

Application Documents (listed in Table 

10) must be submitted through the 

AMIS website by the applicable 

deadline. Applicants must submit the 

SF–424 prior to submitting the 

Application in AMIS. If the SF–424 is 

not successfully accepted by Grants.gov 

by the deadline, the CDFI Fund will not 

review the Application submitted in 

AMIS, and the Application will be 

deemed ineligible. 

a. Grants.gov Submission Information: 

Each Applicant will receive an email 

from Grants.gov immediately after 

submitting the SF–424 confirming that 

the submission has entered the 

Grants.gov system. This email will 

contain a tracking number for the 

submitted SF–424. Within 48 hours, the 

Applicant will receive a second email, 

which will indicate if the submitted SF– 

424 was either successfully validated or 

rejected with errors. However, 

Applicants should not rely on the email 

notification from Grants.gov to confirm 

that their SF–424 was validated. 

Applicants are strongly encouraged to 

use the tracking number provided in the 

first email to closely monitor the status 

of their SF–424 by contacting the 

helpdesk at Grants.gov directly. The 

Application material submitted in AMIS 

is not officially accepted by the CDFI 

Fund until Grants.gov has validated the 

SF–424. 

b. AMIS Submission Information: 

AMIS is a web-based portal where 

Applicants will directly enter their 

Application information and add the 

required attachments listed in Table 10. 

AMIS will verify that the Applicant 

provided the minimum information 

required to submit an Application. 

Applicants are responsible for the 

quality and accuracy of the information 

and attachments included in the 

Application submitted in AMIS. The 

CDFI Fund strongly encourages 

Applicants to allow for sufficient time 

to review and complete all Required 

Application Documents listed in Table 

10, and remedy any issues prior to the 

Application deadline. Each Application 

must be signed by an Authorized 

Representative in AMIS before it can be 

submitted. Applicants must ensure that 

the Authorized Representative is an 

employee or officer and is authorized to 

sign legal documents on behalf of the 

Applicant. Consultants working on 

behalf of the Applicant may not be 

designated as Authorized 

Representatives. Only an Authorized 

Representative or an Application Point 

of Contact may submit an Application. 

If an Authorized Representative or 

Application Point of Contact does not 

submit the Application, the Application 

will be deemed ineligible. Applicants 

may only submit one Base-FA or TA 

Application under the NACA Program. 

Upon submission, the Application will 

be locked and cannot be resubmitted, 

edited, or modified in any way. The 

CDFI Fund will not unlock or allow 

multiple Application submissions. 

3. Late Submission: The CDFI Fund 

will not accept an Application if the 

SF–424 is not submitted and accepted 

by Grants.gov by the SF–424 deadline. 

Additionally, the CDFI Fund will not 

accept an Application if it is not signed 

by an Authorized Representative and 

submitted in AMIS by the Application 

deadline. In either case, the CDFI Fund 

will not review any material submitted, 

and the Application will be deemed 

ineligible. 

However, in cases where a Federal 

government administrative or 

technological error directly resulted in a 


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late submission of the SF–424 or the 

Application, Applicants are provided 

two opportunities to submit a written 

request for acceptance of late 

submissions. The CDFI Fund will not 

consider the late submission of the SF– 

424 or the Application that was a direct 

result of a delay in a Federal 

Government process, unless such delay 

was the result of a Federal government 

administrative or technological error. 

a. SF–424 Late Submission: In cases 

where a Federal government 

administrative or technological error 

directly resulted in the late submission 

of the SF–424, the Applicant must 

submit a written request for acceptance 

of the late SF–424 submission and 

include documentation of the error no 

later than two business days after the 

SF–424 deadline. The CDFI Fund will 

not respond to requests for acceptance 

of late SF–424 submissions after that 

time period. Applicants must submit 

late SF–424 submission requests to the 

CDFI Fund via an AMIS Service Request 

to the NACA Program with a subject 

line of ‘‘Late SF–424 Submission 

Request.’’ 

b. Application Late Submission: In 

cases where a Federal government 

administrative or technological error 

directly resulted in a late submission of 

the Application in AMIS, the Applicant 

must submit a written request for 

acceptance of the late Application 

submission and include documentation 

of the error no later than two business 

days after the Application deadline. The 

CDFI Fund will not respond to requests 

for acceptance of late Application 

submissions after that time period. 

Applicants must submit late 

Application submission requests to the 

CDFI Fund via an AMIS Service Request 

to the NACA Program with a subject 

line of ‘‘Late Application Submission 

Request.’’ 

G. Funding Restrictions: Base-FA, 

PPC–FA, DF–FA, HFFI–FA and TA 

awards are limited by the following: 

1. Base-FA Awards: 

a. A Recipient shall use Base-FA 

funds only for the eligible activities 

described in Section II. (C)(1) of this 

NOFA and its Assistance Agreement. 

b. With the exception of Depository 

Institution Holding Company 

Applicants, Base-FA awards may not be 

used to support the activities of, or 

otherwise be passed through, 

transferred, or co-awarded to, thirdparty entities, whether Affiliates, 

Subsidiaries, or others, unless done 

pursuant to a merger or acquisition or 

similar transaction, and with the CDFI 

Fund’s prior written consent. 

c. Base-FA funds shall only be paid to 

the Recipient. 

d. The CDFI Fund, in its sole 

discretion, may pay Base-FA funds in 

amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

e. The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 2 CFR 

200.216 of the Uniform Requirements, 

with respect to any Direct Costs. 

2. PPC–FA Awards: 

a. A Recipient shall use PPC–FA 

funds only for the eligible activities 

described in Section II. (C)(5) of this 

NOFA and its Assistance Agreement. 

b. With the exception of Depository 

Institution Holding Company 

Applicants, PPC–FA awards may not be 

used to support the activities of, or 

otherwise be passed through, 

transferred, or co-awarded to, thirdparty entities, whether Affiliates, 

Subsidiaries, or others, unless done 

pursuant to a merger or acquisition or 

similar transaction, and with the CDFI 

Fund’s prior written consent. 

c. PPC–FA funds shall only be paid to 

the Recipient. 

d. The CDFI Fund, in its sole 

discretion, may pay PPC–FA funds in 

amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

e. The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 2 CFR 

200.216 of the Uniform Requirements, 

with respect to any Direct Costs. 

3. DF–FA Awards: 

a. A Recipient shall use DF–FA funds 

only for the eligible activities described 

in Section II. (C)(2) of this NOFA and its 

Assistance Agreement. 

b. With the exception of Depository 

Institution Holding Company 

Applicants, DF–FA awards may not be 

used to support the activities of, or 

otherwise be passed through, 

transferred, or co-awarded to, thirdparty entities, whether Affiliates, 

Subsidiaries, or others, unless done 

pursuant to a merger or acquisition or 

similar transaction, and with the CDFI 

Fund’s prior written consent. 

c. DF–FA funds shall only be paid to 

the Recipient. 

d. The CDFI Fund, in its sole 

discretion, may pay DF–FA funds in 

amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

e. The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 2 CFR 

200.216 of the Uniform Requirements, 

with respect to any Direct Costs. 

2. HFFI–FA Awards: 

a. A Recipient shall use HFFI–FA 

funds only for the eligible activities 

described in Section II. (C)(4) of this 

NOFA and its Assistance Agreement. 

b. With the exception of Depository 

Institution Holding Company 

Applicants, HFFI–FA awards may not 

be used to support the activities of, or 

otherwise be passed through, 

transferred, or co-awarded to, thirdparty entities, whether Affiliates, 

Subsidiaries, or others, unless done 

pursuant to a merger or acquisition or 

similar transaction, and with the CDFI 

Fund’s prior written consent. 

c. HFFI–FA funds shall only be paid 

to the Recipient. 

d. The CDFI Fund, in its sole 

discretion, may pay HFFI–FA funds in 

amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

e. The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 2 CFR 

200.216 of the Uniform Requirements, 

with respect to any Direct Costs. 

3. TA Grants: 

a. A Recipient shall use TA funds 

only for the eligible activities described 

in Section II. (C) (3) of this NOFA and 

its Assistance Agreement. 

b. A Sponsoring Entity Recipient must 

create the Emerging CDFI as a legal 

entity no later than the end of the first 

year of the Period of Performance. Upon 

creation of the Emerging CDFI, the 

Sponsoring Entity must request the 

CDFI Fund to amend the Assistance 

Agreement to add the Emerging CDFI as 

a co-Recipient. The Sponsoring Entity 

must add the Emerging CDFI as a coRecipient within 90 days the end of the 

first year of the Period of Performance. 

The Sponsoring Entity must then 

transfer any remaining balances and/or 

assets derived from the TA award to the 

Emerging CDFI. 

c. With the exception of Depository 

Institution Holding Company 

Applicants, TA awards may not be used 

to support the activities of, or otherwise 

be passed through, transferred, or coawarded to, third-party entities, whether 

Affiliates, Subsidiaries, or others, unless 

done pursuant to a merger or acquisition 

or similar transaction, and with the 

CDFI Fund’s prior written consent. 

d. TA funds shall only be paid to the 

Recipient. 

e. The CDFI Fund, in its sole 

discretion, may pay TA funds in 

amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

f. The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 2 CFR 

200.216 of the Uniform Requirements, 

with respect to any Direct Costs. 


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V. Application Review Information 

A. Criteria: If the Applicant has 

submitted an eligible Application, the 

CDFI Fund will conduct a substantive 

review in accordance with the criteria 

and procedures described in the 

Regulations, this NOFA, the Application 

guidance, and the Uniform 

Requirements. The CDFI Fund reserves 

the right to contact the Applicant by 

telephone, email, or mail for the 

purpose of clarifying or confirming 

Application information. If contacted, 

the Applicant must respond within the 

time period communicated by the CDFI 

Fund or risk that its Application will be 

rejected. The CDFI Fund will review the 

Base-FA, DF–FA, PPC–FA, HFFI–FA, 

and TA Applications in accordance 

with the process below. All internal and 

external reviewers will complete the 

CDFI Fund’s conflict of interest process. 

The CDFI Fund’s Application conflict of 

interest policy is located on the CDFI 

Fund’s website. 

1. Base-FA Application Scoring, 

Award Selection, Review, and Selection 

Process: The CDFI Fund will evaluate 

each Application using a five-step 

review process illustrated in the 

sections below. Applicants that meet the 

minimum criteria will advance to the 

next step in the review process. 

Applicants applying as a Community 

Partnership must describe the 

partnership in the Application pursuant 

to the requirements set forth in Table 8, 

and will be evaluated in accordance 

with the review process described 

below. 

a. Step 1: Eligibility Review: The CDFI 

Fund will evaluate each Application to 

determine its eligibility status pursuant 

to Section III of this NOFA. 

b. Step 2: Financial Analysis and 

Compliance Risk Evaluation: 

i. Step 2: Financial Analysis: For 

Regulated Institutions, the CDFI Fund 

will consider financial safety and 

soundness information from the 

Appropriate Federal or State Banking 

Agency. As detailed in Table 8, each 

Regulated Institution FA Applicant 

must have a CAMELS/CAMEL rating of 

at least ‘‘3’’ and/or no significant 

materials concerns from its regulator. 

For non-regulated Applicants, the CDFI 

Fund will evaluate the financial health 

and viability of each non-regulated 

Applicant using financial information 

provided by the Applicant. For the 

Financial Analysis, each non-regulated 

Applicant will receive a Total Financial 

Composite Score on a scale of one (1) to 

five (5), with one (1) being the highest 

rating. The Total Financial Composite 

Score is based on the analysis of twentythree (23) financial indicators. 

Applications will be grouped based on 

the Total Financial Composite Score. 

Applicants must receive a Total 

Financial Composite Score of one (1), 

two (2), or three (3) to advance to Step 

3. Applicants that receive an initial 

Total Financial Composite Score of four 

(4) or five (5) will be re-evaluated and 

re-scored by CDFI Fund staff. If the 

Total Financial Composite Score 

remains four (4) or five (5) after CDFI 

Fund staff review, the Applicant will 

not advance to Step 3. 

ii. Step 2: Compliance Risk 

Evaluation: For the compliance 

analysis, the CDFI Fund will evaluate 

the compliance risk of each Applicant 

using information provided in the 

Application as well as an Applicant’s 

reporting history, reporting capacity, 

and performance risk with respect to the 

CDFI Fund’s PG&Ms. Each Applicant 

will receive a Total Compliance 

Composite Score on a scale of one (1) to 

five (5), with one (1) being the highest 

rating. Applicants that receive an initial 

Total Compliance Composite Score of 

four (4) or five (5) will be re-evaluated 

by CDFI Fund staff. If the Applicant is 

deemed a high compliance risk after 

CDFI Fund staff review, the Applicant 

will not advance to Step 3. 

c. Step 3: Business Plan Review: 

Applicants that proceed to Step 3 will 

be evaluated on the soundness of their 

comprehensive business plan. Two 

external non-CDFI Fund Reviewers will 

conduct the Step 3 evaluation. 

Reviewers will evaluate the Application 

sections listed in Table 13. All 

Applications will be reviewed in 

accordance with standard reviewer 

evaluation materials. Applications will 

be ranked based on Total Business Plan 

Scores, in descending order. In order to 

advance to Step 4, Applicants must 

receive a Total Business Plan Score that 

is either (1) equal to receiving a point 

score equivalent to a ‘‘Good’’ out of a 

ranking scale in descending order of 

Excellent, Good, Fair, Limited or Poor, 

in each section listed in Table 13, or (2) 

within the top 70% of the NACA FA 

Applicant pool, whichever is greater. In 

the case of tied Total Business Plan 

Scores that would prevent an Applicant 

from moving to Step 4, all Applicants 

with the same score will progress to 

Step 4. Lastly, the CDFI Fund may 

consider the geographic diversity of 

Applicants when determining the Step 

4 Applicant pool. 

TABLE 13—STEP 3: BASE-FA BUSINESS PLAN REVIEW SCORING CRITERIA

Base-FA application sections Possible score Score needed to advance 

Executive Summary .................................................................... Not Scored ..... N/A. 

Business Strategy ....................................................................... 12 ................... N/A. 

Market and Competitive Analysis ............................................... 7 ..................... N/A. 

Products and Services ................................................................ 12 ................... N/A. 

Management and Track Record ................................................. 12 ................... N/A. 

Growth and Projections .............................................................. 7 ..................... N/A. 

Total Business Plan Score .................................................. 50 ................... NACA Applicants: Top 70% of all NACA Applicant Step 3 

Scores. 

d. Step 4: Policy Objective Review: 

The CDFI Fund internal reviewers will 

evaluate each Application to determine 

its ability to meet policy objectives of 

the CDFI Fund. Each Applicant will be 

evaluated in each of the categories listed 

in Table 14 below, and will receive a 

Total Policy Objective Review 

Composite Score on a scale of one (1) to 

five (5), with one (1) being the highest 

score. Applicants are then grouped 

according to Total Policy Objective 

Review Scores. 

The CDFI Fund also conducts a due 

diligence review for Applications that 

includes an analysis of programmatic 

risk factors including, but not limited to: 

history of performance in managing 

Federal awards (including timeliness of 

reporting and compliance); ability to 

meet FA Objective(s) selected by BaseFA Applicants in their Applications; 

reports and findings from audits; and 

the Applicant’s ability to effectively 

implement Federal requirements, each 

of which could impact the Total Policy 

Objective Review Score. 


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9For the purposes of this NOFA, an Applicant’s 

most recent historic fiscal year end is determined 

as follows. 

(A) Applicants with a 3/31 fiscal year end date 

will treat FY 2020 as their most recent historic 

fiscal year and FY 2021 as their current year. 

(B) Applicants with a 6/30 fiscal year end date 

will treat FY 2020 as their most recent historic 

fiscal year and FY 2021 as their current year. 

(C) Applicants with a 9/30 fiscal year end date 

and a completed FY 2020 audit will treat FY 2020 

as their most recent historic fiscal year and FY 2021 

as their current year. 

(D) Applicants with a 9/30 fiscal year end date 

but without a completed FY 2020 audit will treat 

FY 2019 as their most recent historic fiscal year and 

FY 2020 as their current year. 

(E) Applicants with a 12/31 fiscal year end date, 

with or without a completed FY 2020 audit, will 

treat FY 2019 as their most recent historic fiscal 

year and FY 2020 as their current year. 

TABLE 14—STEP 4: BASE-FA POLICY REVIEW SCORING CRITERIA

Section Possible scores High score Score needed 

o advance 

Economic Distress ...................................................................................... 1, 2, 3, 4, or 5 ........... 1 N/A. 

Economic Opportunities .............................................................................. 1, 2, 3, 4, or 5 ........... 1 N/A. 

Community Collaboration ........................................................................... 1, 2, 3, 4, or 5 ........... 1 N/A. 

Total Policy Objective Review Composite Score ................................ 1, 2, 3, 4, or 5 ........... 1 All Scores Advance. 

e. Step 5: Award Amount 

Determination: The CDFI Fund 

determines an award amount for each 

Application based on the Step 4 Total 

Policy Objective Review Score, the 

Applicant’s request amount, and on 

certain other factors, including but not 

limited to, an Applicant’s deployment 

track record, minimum award size, and 

funding availability. Award amounts 

may be reduced from the requested 

award amount as a result of this 

analysis. For NACA FA Applicants, the 

award cannot exceed 100% of the 

Applicant’s total portfolio outstanding 

as of the Applicant’s most recent 

historic fiscal year end. 9

2. Healthy Food Financing InitiativeFA (HFFI–FA) Application Scoring, 

Award Selection, Review, and Selection 

Process: A CDFI Fund internal reviewer 

will evaluate each HFFI–FA Application 

associated with a Base-FA Application 

that progresses to Step 4 of the FA 

Application review process. The 

reviewer will evaluate the Application 

sections listed in Table 15 and assign a 

Total HFFI- FA Score up to 60 points. 

The CDFI Fund will make awards to the 

highest scoring Applicants first. All 

Applications will be reviewed in 

accordance with standard reviewer 

evaluation materials. Applicants that 

fail to receive a Base-FA award will not 

be considered for a HFFI–FA award. 

The CDFI Fund conducts additional 

levels of due diligence for Applications 

that are under consideration for an 

HFFI–FA award. Award amounts may 

be reduced from the requested award 

amount as a result of this analysis. The 

CDFI Fund may reduce awards sizes 

from requested amounts based on 

certain variables, including but not 

limited to, an Applicant’s loan 

disbursement activity, total portfolio 

outstanding, or compliance with prior 

HFFI–FA awards. Lastly, the CDFI Fund 

may consider the geographic diversity of 

Applicants when making its funding 

decisions. 

TABLE 15—STEP 4 HFFI–FA APPLICATION SCORING CRITERIA

Sections Possible score 

(points) 

Target Market Profile ........................................................................................................................................................................... 10 

Healthy Food Financial Products ........................................................................................................................................................ 10 

Projected HFFI–FA Activities ............................................................................................................................................................... 15 

HFFI Track Record .............................................................................................................................................................................. 20 

Management Capacity for Providing Healthy Food Financing ............................................................................................................ 5 

Total HFFI–FA Possible Score ..................................................................................................................................................... 60 

3. Persistent Poverty Counties— 

Financial Assistance (PPC–FA) 

Application Scoring, Award Selection, 

Review, and Selection Process: A CDFI 

Fund internal reviewer will evaluate the 

PPC–FA request of each associated 

Base-FA Application that progresses to 

Step 4 of the FA Application review 

process. PPC–FA requests are not 

scored. PPC–FA award amounts will be 

determined based on the total number of 

eligible Applicants and funding 

availability, the Applicant’s requested 

amount, and on certain factors, 

including but not limited to, an 

Applicant’s overall portfolio size, 

historical track record of deployment in 

PPC, pipeline of projects in PPC, 

minimum award size, and funding 

availability. Applicants that fail to 

receive a Base-FA award will not be 

considered for a PPC–FA award. 

4. Disability Funds-Financial 

Assistance (DF–FA) Application 

Scoring, Award Selection, Review, and 

Selection Process: A CDFI Fund internal 

reviewer will evaluate each DF–FA 

Application associated with a Base-FA 

Application that progresses to Step 4 of 

the FA Application review process. The 

reviewer will evaluate the Application 

and assign a Total DF- FA Score on a 

scale of one (1) to three (3), with one (1) 

being the highest score. Applicants are 

then grouped according to Total DF- FA 

Score. All Applications will be 

reviewed in accordance with standard 

reviewer evaluation materials. 

Applicants that fail to receive a Base-FA 

award will not be considered for a DF– 

FA award. Award amounts will be 

determined on the basis of the Total 

DF–FA Score, the Applicant’s requested 

amount, and on certain factors, 

including but not limited to, an 

Applicant’s deployment track record, 

minimum award size, and funding 

availability. Award amounts may be 

reduced from the requested award 

amount as a result of this analysis. The 


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CDFI Fund will make awards to the 

highest scoring Applicants first. 

TABLE 16—STEP 3 DF–FA APPLICATION SCORING CRITERIA

Section Possible 

scores High score 

DF–FA Narrative Questions .................................................................................................................................... 1, 2, or 3 ........ 1 

Total DF–FA Score .......................................................................................................................................... 1, 2, or 3 ........ 1 

5. Technical Assistance (TA) 

Application Scoring, Award Selection, 

Review, and Selection Process: The 

CDFI Fund will evaluate each 

Application to determine its eligibility 

pursuant to Section III of this NOFA. If 

the Application satisfies the eligibility 

criteria, the CDFI Fund will evaluate the 

TA Application. Sponsoring Entity or 

Emerging CDFI Applicants must receive 

a rating of Low Risk or Medium Risk in 

Section I of the TA Business Plan 

Review to progress to Section II of the 

TA Business Plan Review. Sponsoring 

Entity, or Emerging CDFI Applicants 

that receive a rating of High Risk in 

Section I of the TA Business Plan 

Review will not be considered for an 

award. Section I of the TA Business 

Plan Review is not applicable for 

Certified CDFI Applicants. Sponsoring 

Entity, Emerging CDFI, and Certified 

CDFI Applicants must receive a rating of 

Low Risk or Medium Risk in Section II 

of the TA Business Plan Review to be 

considered for an award. Applicants 

that receive a rating of High Risk in 

Section II of the TA Business Plan 

Review will not be considered for an 

award. 

An Applicant that is a Certified CDFI 

will be evaluated on the demonstrated 

need for TA funding to build the CDFI’s 

capacity, further the Applicant’s 

strategic goals, and achieve impact 

within the Applicant’s Target Market. 

An Applicant that is an Emerging CDFI 

will be evaluated on the Applicant’s 

demonstrated capability and plan to 

achieve CDFI certification within three 

years, or if a prior Recipient, the 

certification PG&M stated in its prior 

Assistance Agreement. An Applicant 

that is an Emerging CDFI will also be 

evaluated on its demonstrated need for 

TA funding to build the CDFI’s capacity 

and further its strategic goals. An 

Applicant that is a Sponsoring Entity 

will be rated on its demonstrated 

capability to create a separate legal 

entity within one year that will achieve 

CDFI certification within four years. An 

Applicant that is a Sponsoring Entity 

will also be rated on its demonstrated 

need for TA funding to build the CDFI’s 

capacity and further its strategic goals. 

The CDFI Fund will rate each part of 

the TA Business Plan Review as 

indicated in Table 17. 

TABLE 17—TA BUSINESS PLAN REVIEW

Business plan review component Applicant type Ratings 

Section I: ................................................................................................................

Primary Mission ....................... Sponsoring Entity and Emerging CDFI Applicants ...............................

Financing Entity ....................... Sponsoring Entity and Emerging CDFI Applicants ...............................

Target Market ........................... Sponsoring Entity and Emerging CDFI Applicants ............................... Low Risk, Medium Risk, or High 

Risk. 

Accountability .................................. Sponsoring Entity and Emerging CDFI Applicants ...............................

Development Services .................... Sponsoring Entity and Emerging CDFI Applicants ...............................

Section II: 

Target Market Needs & Strategy.Sponsoring Entity, Emerging CDFI, and Certified Applicants ............... Low Risk, Medium Risk, or High 

Risk. 

Organizational Capacity ........... Sponsoring Entity, Emerging CDFI, and Certified Applicants.

Management Capacity ............. Sponsoring Entity, Emerging CDFI, and Certified Applicants.

Each TA Application will be 

evaluated by one internal CDFI Fund 

reviewer. All Applications will be 

reviewed in accordance with CDFI Fund 

standard reviewer evaluation materials 

for the Business Plan Review. 

The CDFI Fund conducts additional 

levels of due diligence for Applications 

that are under consideration for an 

award. This due diligence includes an 

analysis of programmatic and financial 

risk factors including, but not limited to, 

financial stability, history of 

performance in managing Federal 

awards (including timeliness of 

reporting and compliance), reports and 

findings from audits, and the 

Applicant’s ability to effectively 

implement Federal requirements. The 

CDFI Fund will also evaluate the 

compliance risk of each Applicant using 

information provided in the Application 

as well as an Applicant’s reporting 

history, reporting capacity, and 

performance risk with respect to the 

CDFI Fund’s PG&Ms. Each Applicant 

will receive a Total Compliance 

Composite Score on a scale of one (1) to 

five (5), with one (1) being the highest 

rating. Applicants that receive an initial 

Total Compliance Composite Score of 

four (4) or five (5) will be re-evaluated 

by CDFI Fund staff. If the Applicant is 

deemed a high compliance risk after 

CDFI staff review, the Applicant will 

not be considered for an award. The 

CDFI Fund will also evaluate the 

Applicant’s ability to meet certification 

criteria of being a legal entity and a nongovernment entity. Award amounts may 

be reduced as a result of the due 

diligence analysis in addition to 

consideration of the Applicant’s funding 

request and similar factors. Lastly, the 

CDFI Fund may consider the geographic 

diversity of Applicants when making its 

funding decisions. 

6. Regulated 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 


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information provided by the 

Appropriate Federal or State Banking 

Agencies about both the CDFI 

Depository Institution Holding 

Company and the Certified CDFI 

Subsidiary Insured Depository 

Institution that will expend and carry 

out the award. If the Appropriate 

Federal or State Banking Agency 

identifies safety and soundness 

concerns, the CDFI Fund will assess 

whether such concerns cause or will 

cause the Applicant to be incapable of 

undertaking the activities for which 

funding has been requested. 

7. Non-Regulated Institutions: 

The CDFI Fund must ensure, to the 

maximum extent practicable, that 

Recipients which are non-regulated 

CDFIs are financially and managerially 

sound, and maintain appropriate 

internal controls (12 U.S.C. 4707(f)(1)(A) 

and 12 CFR 1805.800(b)). Further, the 

CDFI Fund must determine that an 

Applicant’s capacity to operate as a 

CDFI and its continued viability will not 

be dependent upon assistance from the 

CDFI Fund (12 U.S.C. 4704(b)(2)(A)). If 

it is determined that the Applicant is 

incapable of meeting these 

requirements, the CDFI Fund reserves 

the right to deem the Applicant 

ineligible or terminate the award. 

B. Anticipated Award Announcement: 

The CDFI Fund anticipates making 

NACA Program award announcement 

before September 30, 2021. However, 

the anticipated award Announcement 

Date is subject to change without notice. 

C. Application Rejection: The CDFI 

Fund reserves the right to reject an 

Application if information (including 

administrative errors) comes to the CDFI 

Fund’s attention that: Adversely affects 

an Applicant’s eligibility for an award; 

Adversely affects the Recipient’s 

certification as a CDFI (to the extent that 

the award is conditional upon CDFI 

certification); adversely affects the CDFI 

Fund’s evaluation or scoring of an 

Application; or indicates fraud or 

mismanagement on the Applicant’s part. 

If the CDFI Fund determines any 

portion of the Application is incorrect 

in a material respect, the CDFI Fund 

reserves the right, in its sole discretion, 

to reject the Application. The CDFI 

Fund reserves the right to change its 

eligibility and evaluation criteria and 

procedures, if the CDFI Fund deems it 

appropriate. If the changes materially 

affect the CDFI Fund’s award decisions, 

the CDFI Fund will provide information 

about the changes through its website. 

The CDFI Fund’s award decisions are 

final, and there is no right to appeal 

decisions. 

D. External Non-CDFI Fund 

Reviewers: All external non-CDFI Fund 

reviewers are selected based on criteria 

that includes a professional background 

in community and economic 

development finance, and experience 

reviewing the financial statements of all 

CDFI institution types. Reviewers must 

complete the CDFI Fund’s conflict of 

interest process and be approved by the 

CDFI Fund. The CDFI Fund’s 

Application reader conflict of interest 

policy is located on the CDFI Fund’s 

website. 

VI. Federal Award Administration 

Information 

A. Award Notification: Each 

successful Applicant will receive an 

email ‘‘notice of award’’ notification 

from the CDFI Fund stating that its 

Application has been approved for an 

award. Each Applicant not selected for 

an award will receive an email stating 

that a debriefing notice has been 

provided in its AMIS account. 

B. Assistance Agreement: Each 

Applicant selected to receive an award 

must enter into an Assistance 

Agreement with the CDFI Fund in order 

to receive a payment(s). The Assistance 

Agreement will set forth the award’s 

terms and conditions, including but not 

be limited to the: (i) Award amount; (ii) 

award type; (iii) award uses; (iv) eligible 

use of funds; (v) PG&Ms; and (vi) 

reporting requirements. FA Assistance 

Agreements have three-year Periods of 

Performance. TA Assistance Agreements 

have two-year Periods of Performance 

for Certified CDFIs, three-year Periods of 

Performance for Emerging CDFIs, and 

four-year Periods of Performance for 

Sponsoring Entity Recipients. Upon 

creation of the Emerging CDFI, the 

Sponsoring Entity must request the 

CDFI Fund to amend the Assistance 

Agreement and add the Emerging CDFI 

as a party thereto. The Emerging CDFI, 

as co-Recipient, will be subject to all of 

the terms and conditions of the 

Assistance Agreement, including all 

PG&Ms. 

1. Certificate of Good Standing: All 

FA and TA Recipients that are not 

Regulated Institutions will be required 

to provide the CDFI Fund with a 

certificate of good standing from the 

secretary of state for the Recipient’s 

jurisdiction of formation prior to 

closing. This certificate can often be 

acquired online on the secretary of state 

website for the Recipient’s jurisdiction 

of formation and must generally be 

dated within 180 days prior to the date 

the Recipient executes the Assistance 

Agreement. Due to potential backlogs in 

state government offices, Applicants are 

advised to submit requests for 

certificates of good standing no later 

than 60 days after they submit their 

Applications. 

2. Closing: Pursuant to the Assistance 

Agreement, there will be an initial 

closing at which point the Assistance 

Agreement and related documents will 

be properly executed and delivered, and 

an initial payment of FA or TA may be 

made. The first payment is the 

estimated amount of the award that the 

Recipient states in its Application that 

it will use for eligible FA or TA 

activities in the first 12 months after the 

award announcement. The CDFI Fund 

reserves the right to increase the first 

payment amount on any award to 

ensure that any subsequent payments 

are at least $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(s) in accordance with the 

Uniform Requirements. Advanced 

payments for eligible activities will 

occur no more than one year in advance 

of the Recipient incurring costs for the 

eligible activities. Following the initial 

closing, there may be subsequent 

closings involving additional award 

payments. Any documentation in 

addition to the Assistance Agreement 

that is connected with such subsequent 

closings and payments shall be properly 

executed and timely delivered by the 

Recipient to the CDFI Fund. 

3. Requirements Prior to Entering into 

an Assistance Agreement: If, prior to 

entering into an Assistance Agreement, 

information (including administrative 

errors) comes to the CDFI Fund’s 

attention that: Adversely affects the 

Recipient’s eligibility for an award; 

adversely affects the Recipient’s 

certification as a CDFI (to the extent that 

the award is conditional upon CDFI 

certification); adversely affects the CDFI 

Fund’s evaluation of the Application; 

indicates that the Recipient is not in 

compliance with any requirement listed 

in the Uniform Requirements; indicates 

that the Recipient is not in compliance 

with a term or condition of a prior CDFI 

Fund award; indicates the Recipient has 

failed to execute and return a prior 

round Assistance Agreement to the 

CDFI Fund within the CDFI Fund’s 

deadlines; or indicates fraud or 

mismanagement on the Recipient’s part, 

the CDFI Fund may, in its discretion 

and without advance notice to the 

Recipient, terminate the award or take 

such other actions as it deems 

appropriate. The CDFI Fund reserves 

the right, in its sole discretion, to 

rescind an award if the Recipient fails 

to return the Assistance Agreement, 

signed by the Authorized Representative 

of the Recipient, and/or provide the 


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CDFI Fund with any requested 

documentation, within the CDFI Fund’s 

deadlines. 

In addition, the CDFI Fund reserves 

the right, in its sole discretion, to 

terminate and rescind the Assistance 

Agreement and the award made under 

this NOFA pending the criteria 

described in the following table: 

TABLE 18—REQUIREMENTS PRIOR TO EXECUTING AN ASSISTANCE AGREEMENT

Requirement Criteria 

Failure to meet reporting requirements.• If a Recipient received a prior award under any CDFI Fund program and is not in compliance with the reporting 

requirements of the previously executed agreement(s), the CDFI Fund may delay entering into an Assistance 

Agreement or disbursing an award until such reporting requirements are met. If the Recipient is unable to meet 

the requirement(s) within the timeframe specified by the CDFI Fund, the CDFI Fund may terminate and rescind 

the Assistance Agreement and the award made under this NOFA. 

• The automated systems the CDFI Fund uses only acknowledge a report’s receipt and are not a determination 

of meeting reporting requirements. 

Failure to maintain CDFI certification.• An FA Recipient must be a Certified CDFI. 

• If an FA Recipient fails to maintain CDFI certification, the CDFI Fund will terminate and rescind the Assistance 

Agreement and the award made under this NOFA. 

• If a TA Recipient is a Certified CDFI at the time of award announcement, it must maintain CDFI certification. 

• If a Certified CDFI TA Recipient fails to maintain CDFI certification, the CDFI Fund may terminate and rescind 

the Assistance Agreement and the award made under this NOFA. 

Pending resolution of noncompliance.• The CDFI Fund will delay entering into an Assistance Agreement with a Recipient that has pending noncompliance issues with any of its previously executed CDFI award agreement(s), if the CDFI Fund has not yet made 

a final compliance determination. 

• If the Recipient is unable to satisfactorily resolve the compliance issues, the CDFI Fund may terminate and rescind the Assistance Agreement and the award made under this NOFA. 

Noncompliance or default 

status.

• If, at any time prior to entering into an Assistance Agreement, the CDFI Fund determines that a Recipient is 

noncompliant or found in default with any previously executed award agreement(s), and the CDFI Fund has 

provided written notification that the Recipient is ineligible to apply for or receive any future awards or allocations for a time period specified by the CDFI Fund in writing, the CDFI Fund may delay entering into an Assistance Agreement until the Recipient has cured the noncompliance by taking actions the CDFI Fund has specified within such specified timeframe. If the Recipient is unable to cure the noncompliance within the specified 

timeframe, the CDFI Fund may terminate and rescind the Assistance Agreement and the award made under 

this NOFA. 

Compliance with Federal civil 

rights requirements.

• If prior to entering into an Assistance Agreement under this NOFA, the Recipient receives a final determination, 

made within the last three years, in any proceeding instituted against the Recipient in, by, or before any court, 

governmental, or administrative body or agency, declaring that the Recipient has violated the following laws: 

Title VI of the Civil Rights Act of 1964, as amended (42 U.S.C. 2000d); Section 504 of the Rehabilitation Act of 

1973 (29 U.S.C. 794); the Age Discrimination Act of 1975, (42 U.S.C. 6101–6107), and Executive Order 13166, 

Improving Access to Services for Persons with Limited English Proficiency, the CDFI Fund will terminate and 

rescind the Assistance Agreement and the award made under this NOFA. 

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 (or Affiliate of a 

Recipient) determined to be ineligible based on data in the Do Not Pay database. 

Safety and soundness ......... • If it is determined the Recipient is, or will be, incapable of meeting its award obligations, the CDFI Fund will 

deem the Recipient to be ineligible, or require it to improve its safety and soundness prior to entering into an 

Assistance Agreement. 

C. Reporting: 

1. Reporting requirements: On an 

annual basis during the Period of 

Performance, the CDFI Fund may collect 

information from each Recipient 

including, but not limited to, an Annual 

Report with the following components 

(Annual Reporting Requirements): 

TABLE 19—ANNUAL REPORTING REQUIREMENTS * 

Financial Statement Audit Report (Non-profit 

Recipient including Insured Credit Unions and 

State-Insured Credit Unions).

A Non-profit Recipient (including Insured Credit Unions and State-Insured Credit Unions) must 

submit a Financial Statement Audit (FSA) Report in AMIS, along with the Recipient’s statement of financial condition audited or reviewed by an independent certified public accountant, if any are prepared. 

Under no circumstances should this be construed as the CDFI Fund requiring the Recipient to 

conduct or arrange for additional audits not otherwise required under Uniform Requirements 

or otherwise prepared at the request of the Recipient or parties other than the CDFI Fund. 

Financial Statement Audit Report (For-Profit Recipient).For-profit Recipients must submit an FSA Report in AMIS, along with the Recipient’s statement of financial condition audited or reviewed by an independent certified public accountant. 

Financial Statement Audit Report (Depository 

Institution Holding Company and Insured Depository Institution).

If the Recipient is a Depository Institution Holding Company or an Insured Depository Institution, it must submit a FSA Report in AMIS. 


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TABLE 19—ANNUAL REPORTING REQUIREMENTS *—Continued 

Financial Statement Audit Report (Sponsoring 

Entities).

A Sponsoring Entity must submit a FSA Report in AMIS, along with a statement of financial 

condition audited or reviewed by an independent certified public accountant, if any are prepared. 

Under no circumstances should this be construed as the CDFI Fund requiring the Sponsoring 

Entity to conduct or arrange for additional audits not otherwise required under Uniform Requirements or otherwise prepared at the request of the Sponsoring Entity or parties other 

than the CDFI Fund. 

Single Audit Report (Non-Profit Recipients, if 

applicable).

A non-profit Recipient must complete an annual Single Audit pursuant to the Uniform Requirements (see 2 CFR Subpart F-Audit Requirements) if it expends $750,000 or more in Federal 

awards in its fiscal year, or such other dollar threshold established by OMB pursuant to 2 

CFR 200.501. If a Single Audit is required, it must be submitted electronically to the Federal 

Audit Clearinghouse (FAC) (see 2 CFR Subpart F-Audit Requirements in the Uniform Requirements) and optionally through AMIS. 

Transaction Level Report (TLR) ......................... The Recipient must submit a TLR to the CDFI Fund through AMIS. 

If the Recipient is a Depository Institution Holding Company that deploys all or a portion of its 

Financial Assistance through its Subsidiary CDFI Insured Depository Institution, that Subsidiary CDFI Insured Depository Institution must also submit a TLR. Furthermore, if the Depository Institution Holding Company itself deploys any portion of the Financial Assistance, 

the Depository Institution Holding Company must submit a TLR. 

The TLR is not required for TA Recipients. 

Uses of Award Report ........................................ The Recipient must submit the Uses of Award Report to the CDFI Fund in AMIS. 

If the Recipient is a Depository Institution Holding Company that deploys all or a portion of its 

Financial Assistance through its Subsidiary CDFI Insured Depository Institution, that Subsidiary CDFI Insured Depository Institution must also submit a Uses of Award Report. Furthermore, if the Depository Institution Holding Company itself deploys any portion of the Financial Assistance, the Depository Institution Holding Company must submit a Uses of 

Award Report. 

Performance Progress Report ............................ The Recipient must submit the Performance Progress Report through AMIS. 

If the Recipient is a Depository Institution Holding Company that deploys all or a portion of its 

Financial Assistance through its Subsidiary CDFI Insured Depository Institution, that Subsidiary CDFI Insured Depository Institution must also submit a Performance Progress Report. Furthermore, if the Depository Institution Holding Company itself deploys any portion of 

the Financial Assistance, the Depository Institution Holding Company must submit a Performance Progress Report. 

* Personally Identifiable Information (PII) is information, which if lost, compromised, or disclosed without authorization, could result in substantial harm, embarrassment, inconvenience, or unfairness to an individual. Although Applicants are required to enter addresses of individual borrowers/residents of Distressed Communities in AMIS, Applicants should not include the following PII for the individuals who received the Financial Products or Financial Services in AMIS or in the supporting documentation (i.e., name of the individual, Social Security Number, driver’s license or state identification number, passport number, Alien Registration Number, etc.). This information should be redacted from all supporting 

documentation. 

Each Recipient is responsible for the 

timely and complete submission of the 

Annual Reporting Requirements. 

Sponsoring Entities with co-Recipients 

will be informed of any changes to 

reporting obligations at the time the 

Emerging CDFI is joined to the 

Assistance Agreement. The CDFI Fund 

reserves the right to contact the 

Recipient and additional entities or 

signatories to the Assistance Agreement 

to request additional information and/or 

documentation. The CDFI Fund will use 

such information to monitor each 

Recipient’s compliance with the 

requirements of the Assistance 

Agreement and to assess the impact of 

the NACA Program. The CDFI Fund 

reserves the right, in its sole discretion, 

to modify these reporting requirements, 

including increasing the scope and 

frequency of reporting, if it determines 

it to be appropriate and necessary; 

however, such reporting requirements 

will be modified only after notice to 

Recipients. 

2. Financial Management and 

Accounting: The CDFI Fund will require 

Recipients to maintain financial 

management and accounting systems 

that comply with Federal statutes, 

regulations, and the terms and 

conditions of the Federal award. These 

systems must be sufficient to permit the 

preparation of reports required by the 

CDFI Fund to ensure compliance with 

the terms and conditions of the NACA 

Program, including the tracing of funds 

to a level of expenditures adequate to 

establish that such funds have been 

used in accordance with Federal 

statutes, regulations, and the terms and 

conditions of the Federal award. 

The cost principles used by 

Recipients must be consistent with 

Federal cost principles and support the 

accumulation of costs as required by the 

principles, and must provide for 

adequate documentation to support 

costs charged to the NACA Program 

award. In addition, the CDFI Fund will 

require Recipients to: Maintain effective 

internal controls; comply with 

applicable statutes, regulations, and the 

Assistance Agreement; evaluate and 

monitor compliance; take appropriate 

action when not in compliance; and 

safeguard personally identifiable 

information. 

VII. Agency Contacts 

A. The CDFI Fund will respond to 

questions concerning this NOFA and 

the Application between the hours of 

9:00 a.m. and 5:00 p.m. Eastern Time, 

starting on the date that the NOFA is 

published through the date listed in 

Table 1 and Table 12. The CDFI Fund 

strongly recommends Applicants submit 

questions to the CDFI Fund via an AMIS 

Service Request to the NACA Program, 

Office of Certification, Compliance 

Monitoring and Evaluation, or IT Help 

Desk. The CDFI Fund will post on its 

website responses to reoccurring 

questions received about the NOFA and 

Application. Other information 

regarding the CDFI Fund and its 

programs may be obtained from the 

CDFI Fund’s website at http://

www.cdfifund.gov. Table 20 lists CDFI 

Fund contact information: 


tkelley on DSKBCP9HB2PROD with NOTICES
10432 Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices 

TABLE 20—CONTACT INFORMATION

Type of question Preferred method Telephone number 

(not toll free) Email addresses 

NACA Program .............................. Service Request via AMIS ........... 202–653–0421, option 1 ............... cdfihelp@cdfi.treas.gov 

CCME ............................................ Service Request via AMIS ........... 202–653–0423 .............................. ccme@cdfi.treas.gov 

AMIS—IT Help Desk ...................... Service Request via AMIS ........... 202–653–0422 .............................. AMIS@cdfi.treas.gov 

B. Information Technology Support: 

For IT assistance, the preferred method 

of contact is to submit a Service Request 

within AMIS. For the Service Request, 

select ‘‘Technical Issues’’ from the 

Program dropdown menu of the Service 

Request. People who have visual or 

mobility impairments that prevent them 

from using the CDFI Fund’s website 

should call (202) 653–0422 for 

assistance (this is not a toll free 

number). 

C. Communication with the CDFI 

Fund: The CDFI Fund will use the 

contact information in AMIS to 

communicate with Applicants and 

Recipients. It is imperative, therefore, 

that Applicants, Recipients, 

Subsidiaries, Affiliates, and signatories 

maintain accurate contact information 

in their accounts. This includes 

information such as contact names 

(especially for the Authorized 

Representative), email addresses, fax 

and phone numbers, and office 

locations. 

D. Civil Rights and Diversity: Any 

person who is eligible to receive 

benefits or services from the CDFI Fund 

or Recipients under any of its programs 

is entitled to those benefits or services 

without being subject to prohibited 

discrimination. The Department of the 

Treasury’s Office of Civil Rights and 

Diversity enforces various Federal 

statutes and regulations that prohibit 

discrimination in financially assisted 

and conducted programs and activities 

of the CDFI Fund. If a person believes 

that s/he has been subjected to 

discrimination and/or reprisal because 

of membership in a protected group, s/ 

he may file a complaint with: Associate 

Chief Human Capital Officer, Office of 

Civil Rights, and Diversity, 1500 

Pennsylvania Ave NW, Washington, DC 

20220 or (202) 622–1160 (not a toll-free 

number). 

E. Statutory and National Policy 

Requirements: The CDFI Fund will 

manage and administer the Federal 

award in a manner so as to ensure that 

Federal funding is expended and 

associated programs are implemented in 

full accordance with the U.S. 

Constitution, Federal Law, statutory, 

and public policy requirements: 

Including but not limited to, those 

protecting free speech, religious liberty, 

public welfare, the environment, and 

prohibiting discrimination. 

VIII. Other Information 

A. Paperwork Reduction Act: Under 

the Paperwork Reduction Act (44 U.S.C. 

chapter 35), an agency may not conduct 

or sponsor a collection of information, 

and an individual is not required to 

respond to a collection of information, 

unless it displays a valid OMB control 

number. If applicable, the CDFI Fund 

may inform Applicants that they do not 

need to provide certain Application 

information otherwise required. 

Pursuant to the Paperwork Reduction 

Act, the CDFI Program, and NACA 

Program Application has been assigned 

the following control number: 1559– 

0021 inclusive of PPC–FA, DF–FA, and 

HFFI–FA. 

B. Application Information Sessions: 

The CDFI Fund may conduct webinars 

or host information sessions for 

organizations that are considering 

applying to, or are interested in learning 

about, the CDFI Fund’s programs. For 

further information, visit the CDFI 

Fund’s website at http://

www.cdfifund.gov. 

Authority: 12 U.S.C. 4701, et seq.; 12 CFR 

parts 1805 and 1815; 2 CFR part 200. 

Jodie L. Harris, 

Director, Community Development Financial 

Institutions Fund. 

[FR Doc. 2021–03354 Filed 2–18–21; 8:45 am] 

BILLING CODE 4810–70–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Forms 1040–PR and 1040– 

SS 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service 

(IRS), as part of its continuing effort to 

reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on information 

collections, as required by the 

Paperwork Reduction Act of 1995. The 

IRS is soliciting comments concerning 

Planilla para la Declaracio ́n de la 

Contribucio ́n Federal sobre el Trabajo 

por Cuenta Propia (Incluyendo el 

Cre ́dito Tributario Adicional por Hijos 

para Residentes Bona Fide de Puerto 

Rico) and U.S. Self-Employment Tax 

Return (Including the Additional Child 

Tax Credit for Bona Fide Residents of 

Puerto Rico). 

DATES: Written comments should be 

received on or before April 20, 2021 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Kinna Brewington, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the forms and instructions 

should be directed to Martha R. Brinson, 

at (202) 317–5753, or at Internal 

Revenue Service, Room 6526, 1111 

Constitution Avenue NW, Washington, 

DC 20224, or through the internet at 

Martha.R.Brinson@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Planilla para la Declaracio ́n de 

la Contribucio ́n Federal sobre el Trabajo 

por Cuenta Propia (Incluyendo el 

Cre ́dito Tributario Adicional por Hijos 

para Residentes Bona Fide de Puerto 

Rico). 

OMB Number: 1545–0090. 

Form Number: 1040–PR. 

Abstract: Form 1040–PR is used by 

self-employed individuals to figure and 

report self-employment tax under IRC 

chapter 2 of Subtitle A, and provide 

credit to the taxpayer’s social security 

account. Anejo H–PR is used to 

compute household employment taxes 

and the Form 1040–PR burden 

calculation includes this burden of 

2,400 responses with 5,376 hours. 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households, Businesses and other forprofit organizations, Farms. 

Estimated Number of Respondents: 

154,860. 

Estimated Time per Respondent: 11 

hours, 34 minutes. 

Estimated Total Annual Burden 

Hours: 1,792,208. 


tkelley on DSKBCP9HB2PROD with NOTICES