11824 Federal Register / Vol. 86, No. 37 / Friday, February 26, 2021 / Notices 

descriptive code for the purpose of 

identifying significant characteristics of 

the tire. 

V. Summary of MASA’s Petition: The 

following views and arguments 

presented in this section, V. Summary 

of MASA’s Petition, are the views and 

arguments provided by MASA. They 

have not been evaluated by the Agency 

and do not reflect the views of the 

Agency. MASA described the subject 

noncompliance and stated their belief 

that the noncompliance is 

inconsequential as it relates to motor 

vehicle safety. 

In support of its petition, MASA 

submitted the following reasoning: 

1. Operational Safety: 

a. MASA stated their belief that a TIN 

marking noncompliance does not create 

any operational safety risk for the 

vehicle. The tires comply with 

applicable FMVSS performance 

requirements and all other applicable 

regulations. A summary of production 

tire compliance audit testing will be 

provided to NHTSA separately from this 

filing. 

b. The incorrect TIN marking with 

additional characters in the optional 

code has no bearing on tire 

performance. 

c. The subject tires are properly 

marked with all other markings required 

under FVMSS No. 139, such as 

paragraph S5.5(c), maximum 

permissible inflation pressure, and 

paragraph S5.5(d), maximum load 

rating. The necessary information is 

available on the sidewall of the tire to 

ensure proper application and usage. 

d. The subject tires contain the DOT 

symbol on both sidewalls, thus, 

indicating conformance to applicable 

FMVSS. 

2. Identification and Traceability: 

a. All information required by 49 CFR 

574.5 for the TIN (plant code +size 

code+ option code+ date code) is 

present on the sidewall of the tire. 

b. For identification and traceability 

purposes, the key information of the 

plant code and manufacturing date is 

present on the tire. 

c. The existence of extra characters in 

the optional code does not inhibit the 

ability of a tire distributor, the tire 

dealer, or the consumer to register the 

tires. 

d. ln the event that dealer/owner 

notifications are required, the TIN, as 

molded on the subject tires, is sufficient 

to ensure proper communication and 

identification of the tires. 

e. To date, there is no record of a 

distributor, dealer, consumer, or other 

concerned party raising a question about 

tires with the extraneous characters 

7. Summary: Based on the 

information presented, the tires molded 

with extraneous TIN optional code 

characters do not present a risk for 

motor vehicle safety. Additionally, 

identification and traceability of the 

subject tires could be accomplished in 

the event of a need to conduct a dealer/ 

owner notification. Production records 

link plant code, size code, and optional 

code with the manufacturing dates for 

all concerned brands and tire sizes. 

MASA concluded by expressing the 

belief that the subject noncompliance is 

inconsequential as it relates to motor 

vehicle safety, and that its petition to be 

exempted from providing notification of 

the noncompliance, as required by 49 

U.S.C. 30118, and a remedy for the 

noncompliance, as required by 49 

U.S.C. 30120, should be granted. 

NHTSA notes that the statutory 

provisions (49 U.S.C. 30118(d) and 

30120(h)) that permit manufacturers to 

file petitions for a determination of 

inconsequentiality allow NHTSA to 

exempt manufacturers only from the 

duties found in sections 30118 and 

30120, respectively, to notify owners, 

purchasers, and dealers of a defect or 

noncompliance and to remedy the 

defect or noncompliance. Therefore, any 

decision on this petition only applies to 

the subject tires that MASA no longer 

controlled at the time it determined that 

the noncompliance existed. However, 

any decision on this petition does not 

relieve equipment distributors and 

dealers of the prohibitions on the sale, 

offer for sale, or introduction or delivery 

for introduction into interstate 

commerce of the noncompliant tires 

under their control after MASA notified 

them that the subject noncompliance 

existed. 

(Authority: 49 U.S.C. 30118, 30120: 

delegations of authority at 49 CFR 1.95 and 

501.8) 

Otto G. Matheke III, 

Director, Office of Vehicle Safety Compliance. 

[FR Doc. 2021–04000 Filed 2–25–21; 8:45 am] 

BILLING CODE 4910–59–P 

DEPARTMENT OF THE TREASURY 

Community Development Financial 

Institutions Fund 

Community Development Financial 

Institutions Rapid Response Program 

(CDFI RRP) 

Funding Opportunity Title: Notice of 

Funds Availability (NOFA) inviting 

Applications for grants to support, 

prepare for, and respond to the 

economic impacts of the COVID–19 

pandemic through the Community 

Development Financial Institutions 

Fund (CDFI Fund) CDFI Rapid Response 

Program (CDFI RRP). 

Announcement Type: Announcement 

of funding opportunity. 

Funding Opportunity Number: CDFI– 

2021–RRP. 

Catalog of Federal Domestic 

Assistance (CFDA) Number: 21.024. 

DATES: 

TABLE 1—CDFI RAPID RESPONSE PROGRAM CRITICAL DEADLINES FOR APPLICANTS

Description Deadline 

Time 

(eastern 

time—ET) 

Submission method 

Last day to enter EIN and DUNS numbers in AMIS ........... 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 CDFI Fund with questions about the 

CDFI Rapid Response Program.

March 23, 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).

March 25, 2021 ...... 5:00 p.m ......... Service Request via AMIS or 202–653– 

0422 or AMIS@cdfi.treas.gov. 

Last day to submit CDFI Rapid Response Program Application.March 25, 2021 ...... 11:59 p.m ....... AMIS. 


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1Service Request shall mean a written inquiry or 

notification submitted to the CDFI Fund via AMIS. 

2Certified CDFI shall mean an entity that the 

CDFI Fund has officially notified that it meets all 

CDFI certification requirements. 

Executive Summary: Through the 

CDFI Rapid Response Program (CDFI 

RRP), the CDFI Fund will provide (i) 

awards of up to $5 million to Certified 

Community Development Financial 

Institutions (CDFIs) 2 to support, prepare 

for, and respond to the economic impact 

of the COVID–19 pandemic. 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 CDFI Rapid 

Response Program was authorized by 

Congress to provide grants to CDFIs to 

support, prepare for, and respond to the 

economic impact of the COVID–19 

pandemic. 

B. Priorities: Through CDFI Rapid 

Response Program grants, the CDFI 

Fund will invest in and build 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 rural and urban Low-Income 

people, and communities across the 

nation that lack adequate access to 

affordable Financial Products and 

Financial Services. The CDFI Rapid 

Response Program grants will be used to 

support the CDFI’s provision of 

financial products and services to 

underserved people and communities as 

well as the operational expenses to 

support the CDFI’s operational capacity. 

C. Authorizing Statutes and 

Regulations: The CDFI Rapid Response 

Program is authorized by The 

Coronavirus Response and Relief 

Supplemental Appropriations Act of 

2021 (Pub. L. 116–260) (Authorizing 

Statute). The regulations governing the 

CDFI Program are found at 12 CFR parts 

1805 and 1815 (the Regulations) and are 

used by the CDFI Fund to govern, in 

general, the CDFI Rapid Response 

Program, setting forth evaluation criteria 

and other program requirements. The 

CDFI Fund encourages Applicants to 

review the Regulations; this NOFA; the 

CDFI Rapid Response Program 

Application (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 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 awarding 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 certification 

status, financial and compliance 

performance, portfolio and balance 

sheet strength, a diversity of CDFI 

business model types, and program 

capacity. 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. 

II. Federal Award Information 

A. Funding Availability: 


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3The Estimated Average Amount to be Awarded 

is derived from the Estimated Total Amount to be 

Awarded divided by the Estimated Number of 

Awards for both funding categories. 4Total On-Balance Sheet Financial Products 

Closed in Eligible Markets and/or Target Markets is 

the sum of the following Application Financial Data 

inputs in the CDFI Rapid Response Program 

Application: On-Balance Sheet Loans Closed in 

Eligible Markets and/or Target Markets, On-Balance 

Sheet Loan Guarantees Made in Eligible Markets 

and/or Target Markets, and Total Equity 

Investments Closed in Eligible Markets and/or 

Target Markets. 

5For 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. 

6Native Communities shall mean 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. 

7 In accordance with the Authorizing Statute, no 

less than $25 million will be awarded as grants to 

benefit Native American, Native Hawaiian, and 

Alaska Native communities. 

8To qualify as a CDFI that serves Native 

Communities an Applicant must meet several 

requirements. 

1. 50% or more of the Applicant’s past activities 

must be directed to Native Communities. 

2. The Applicant’s certification Target Market 

must have one or more of the following 

characteristics. 

a. For qualifying with an Investment Area Target 

Market, the Applicant must demonstrate that the 

Investment Area approved for certification is also 

a geographic area of Federally-designated 

reservations, Hawaiian homelands, Alaska Native 

Villages and U.S. Census Bureau designated Tribal 

Statistical Areas; and/or 

b. For qualifying with an Other Targeted 

Population (OTP) Target Market, the Applicant’s 

Target Market approved for certification must be an 

OTP of Native Americans or American Indians, 

including Alaska Natives living in Alaska and 

Native Hawaiians living in Hawaii. 

For purposes of this NOFA, a Native Community 

is defined as 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. 

1. CDFI Rapid Response Program: The 

CDFI Fund expects to award, through 

this NOFA, approximately $1.248 

billion as indicated in the following 

table: 

TABLE 2—CDFI RAPID RESPONSE PROGRAM ANTICIPATED CATEGORY AMOUNTS

Funding categories Estimated total amount to 

be awarded 

Award amount Estimated 

number of 

awards 

Estimated 

average 

amount to be Minimum Maximum * Awarded 3

CDFI Rapid Response Program.$1,223,000,000 ................. $200,000 $5,000,000 or 150% of the Applicant’s Total On-Balance Sheet Financial Products Closed in Eligible 

Markets and/or Target Markets 4 in the Most Recent 

Historic Fiscal Year, 5 whichever is less.

1,000 $1,189,000 

CDFI Rapid Response Program—Native Communities 6.

No less than $25,000,000 7 200,000 5,000,000 or 150% of the Applicant’s Total On-Balance Sheet Financial Products Closed in Eligible 

Markets and/or Target Markets in the Most Recent 

Historic Fiscal Year, whichever is less.

50 1,189,000 

* The CDFI Fund does not anticipate that any applicant will receive the maximum award amount of $5 million. The award is dependent on the number of awards 

made, for example: If there are 510 awards, the estimated largest award would be $3.3 million; if there are 800 awards, the estimated largest award would be $1.8 

million; and if there are 1,050 awards, the estimated largest award would be $1.4 million. 

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 CDFI 

Rapid Response Program: Funding for 

the CDFI Rapid Response Program is 

provided through The Coronavirus 

Response and Relief Supplemental 

Appropriations Act of 2021 (Pub. L. 

116–260). 

3. Anticipated Start Date and Period 

of Performance: The Period of 

Performance for CDFI Rapid Response 

Program grants begins with the date of 

the award announcement and includes 

a Certified CDFI Recipient’s two full 

consecutive fiscal 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. 

B. Types of Awards: Through the 

CDFI Rapid Response Program, the CDFI 

Fund provides awards in the form of 

grants to Certified CDFIs. At least $25 

million of the funds available must be 

awarded in the form of a grant to 

Certified CDFIs that serve Native 

Communities.8 The CDFI Fund reserves 

the right, in its sole discretion, to 

provide a CDFI Rapid Response Program 

grant in an amount other than that 

which the Applicant requests; however, 

the CDFI Rapid Response Program grant 

amount will not exceed the Applicant’s 

request as stated in its Application. 

C. Eligible Activities: 

1. CDFI Rapid Response Program: 

CDFI Rapid Response Program grant 

funds may be expended for eligible 

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 

supporting the direct provision of 

financial products and services: (i) 

Financial Products; (ii) Financial 

Services; (iii) Loan Loss Reserves; (iv) 

Development Services; and (v) Capital 

Reserves. In addition, the greater of 

$200,000 or 15% of the CDFI Rapid 

Response Program grant may be 

expended for supporting operations in 

the following seven eligible activity 

categories: (vi) Compensation—Personal 

Services; (vii) Compensation—Fringe 

Benefits; (viii) Professional Service 

Costs; (ix) Travel Costs; (x) Training and 

Education Costs; (xi) Equipment; and 

(xii) Supplies. CDFI Rapid Response 

Program grants may only be used for 

Direct Costs associated with an eligible 

activity. Direct Costs are incurred by the 

Recipient to carry out the award eligible 

activities is as described in section 2 

CFR 200.413 of the Uniform 

Requirements. The eligible activity 

categories will not be authorized for 

Indirect Costs or an associated Indirect 

Cost Rate. Any expenses that are 

prohibited by the Uniform 

Requirements are unallowable and are 


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9Budget 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. The Budget Period for CDFI Rapid 

Response Program grants begins with the date of the 

award announcement and includes a Certified CDFI 

Recipient’s two full consecutive fiscal years after 

the date of the award announcement. 

10 § 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). 

generally found in Subpart E-Cost 

Principles. 

The CDFI Rapid Response Program 

Budget is the amount of the award and 

must be expended in the 12 eligible 

activity categories prior to the end of the 

Budget Period.9 The CDFI Fund will not 

approve an amendment to extend the 

Budget Period to allow a Recipient 

additional time to expend the CDFI 

Rapid Response Program grant. 

CDFI Rapid Response Program 

Recipients must meet certain PG&Ms: 

(i) All CDFI Rapid Response Program 

Recipients must expend 90% of the 

Recipient’s first payment amount in the 

first year of the Budget Period and 

expend 100% of the total award amount 

by the Budget Period end date. 

(ii)(a) Recipients that receive an 

award greater than $200,000 (the 

minimum award amount) and that do 

not qualify for CDFI Rapid Response 

Program funding designated to benefit 

Native Communities, must meet the 

following requirement: 

—Close Financial Products in an 

Eligible Market(s) or the Recipient’s 

approved Target Market in an amount 

equal to or greater than 50% of the 

total CDFI Rapid Response Program 

award amount in the first year of the 

Period of Performance and 70% of the 

total CDFI Rapid Response Program 

award amount by the Period of 

Performance end date. If awarded, the 

Applicant may satisfy this goal using 

the CDFI Rapid Response Program 

Assistance or other available funds on 

its balance sheet. 

(ii)(b) Recipients that receive an 

award greater than $200,000 (the 

minimum award amount) and that 

qualify for CDFI Rapid Response 

Program funding designated to benefit 

Native Communities must meet the 

following requirement: 

—Close Financial Products in Native 

Communities in an amount equal to 

or greater than 50% of the total CDFI 

Rapid Response Program award 

amount in the first year of the Period 

of Performance and 70% of the total 

CDFI Rapid Response Program award 

amount by the Period of Performance 

end date. If awarded, the Applicant 

may satisfy this goal using the CDFI 

Rapid Response Program Assistance 

or other available funds on its balance 

sheet. 

Final PG&Ms may differ and will be 

set forth in the final CDFI Rapid 

Response Program Assistance 

Agreement. Financial Products and 

expended award funds used to satisfy 

the CDFI Rapid Response Program 

Performance Goals may not also be 

reported for Performance Goals related 

to CDFI Program and NACA Program 

awards. 

The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 

section 2 CFR 200.216 of the Uniform 

Requirements,10 with respect to any 

Direct Costs. 

For purposes of this NOFA, the 12 

eligible activity categories are defined 

below: 

TABLE 3—CDFI RAPID RESPONSE PROGRAM ELIGIBLE ACTIVITY CATEGORIES

Eligible activity Eligible activity definition * Eligible CDFI institution types 

i. Financial Products ........................ Grant funds 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. 

ii. Financial Services ....................... Grant funds 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 11 only. 

iii. Loan Loss Reserves ................... Grant funds set aside in the form of cash reserves, or through accounting-based accrual reserves, to cover losses on loans, accounts, and notes receivable or for related purposes that the CDFI 

Fund deems appropriate.

All. 

iv. Development Services ............... Grant funds 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 ......................... Grant funds 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. 


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TABLE 3—CDFI RAPID RESPONSE PROGRAM ELIGIBLE ACTIVITY CATEGORIES—Continued 

Eligible activity Eligible activity definition * Eligible CDFI institution types 

Only the greater of $200,000 or 15 percent of the CDFI Rapid Response Program grant may be expended in the below seven eligible activity 

categories. 

vi. Compensation—Personal Services.Grant funds paid to cover all remuneration, paid currently or accrued, 

for services of Applicant’s employees rendered during the Period of 

Performance under the CDFI Rapid Response Program grant in 

accordance with section 200.430 of the Uniform Requirements.

Any work performed directly, but unrelated to the purposes of the 

CDFI Rapid Response Program grant may not be paid as Compensation using a CDFI Rapid Response Program grant. For example, the salaries for building maintenance personnel would not 

carry out the purpose of a CDFI Rapid Response Program grant 

and would be deemed unallowable.

All. 

vii. Compensation—Fringe Benefits Grant funds paid to cover allowances and services provided by the 

Applicant to its employees as Compensation in addition to regular 

salaries and wages, in accordance with section 200.431 of the Uniform Requirements. Such expenditures are allowable as long as 

they are made under formally established and consistently applied 

organizational policies of the Applicant.

All. 

viii. Professional Service Costs ....... Grant funds used to pay for professional and consultant services 

(e.g., such as strategic and marketing plan development), rendered 

by persons who are members of a particular profession or possess 

a special skill (e.g., credit analysis, portfolio management), and 

who are not officers or employees of the Applicant, in accordance 

with section 200.459 of the Uniform Requirements. Payment for a 

consultant’s services may not exceed the current maximum of the 

daily equivalent rate paid to an Executive Schedule Level IV Federal employee. The Applicant must comply, as applicable, with section 2 CFR 200.216 of the Uniform Requirements, with respect to 

payment of Professional Service Costs.

All. 

ix. Travel Costs ............................... Grant funds 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 CDFI Rapid Response Program grant, in accordance with section 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 CDFI Rapid Response Program 

grant would be deemed unallowable. As such, documentation must 

be maintained that justifies the travel as necessary to the CDFI 

Rapid Response Program grant.

All. 

x. Training and Education Costs ..... Grant funds used to pay the cost of training and education provided 

by the Applicant for employees’ development in accordance with 

section 200.473 of the Uniform Requirements. Grant funds 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.

All. 

xi. Equipment .................................. Grant funds used to pay for tangible personal property, having a useful life of more than one year and a per-unit acquisition cost of at 

least $5,000, in accordance with section 200.1 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 section 2 CFR 200.216 of 

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

All. 

xii. Supplies ..................................... Grant funds used to pay for tangible personal property with a per unit 

acquisition cost of less than $5,000, in accordance with section 

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

All. 

*All CDFI Rapid Response Program 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. 


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11Regulated Institutions include Insured Credit 

Unions, Insured Depository Institutions, StateInsured Credit Unions and Depository Institution Holding Companies. 

12 Depository Institution Holding Company or 

DIHC means a Bank Holding Company or a Savings 

and Loan Holding Company. 

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. 

Table 4 below illustrates eligibility 

criteria for all CDFI Rapid Response 

Program Applicants including CDFI 

certification criteria and other 

requirements that apply to all CDFI 

Rapid Response Program Applicants.12

TABLE 4—ELIGIBILITY REQUIREMENTS FOR ALL CDFI RAPID RESPONSE PROGRAM 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) 12—see below). Recipients 

may not create a new legal entity to carry out the proposed award activities. 

• 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 5. 

• 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 CDFI Fund strongly encourages Applicants to register as soon 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 Federal government technological error that directly 

resulted in a late submission of the SF–424. 

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

1 and Table 6. 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 CDFI Rapid Response Program Funding Opportunity Number for the CDFI Rapid Response 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 5: 

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 CDFI Rapid Response 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 6. 

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 by the deadline specified in Tables 1 

and 6. 

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. 


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TABLE 4—ELIGIBILITY REQUIREMENTS FOR ALL CDFI RAPID RESPONSE PROGRAM APPLICANTS—Continued 

• 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 6. 

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 ..................................................... • 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 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 Rapid Response Program grant. 

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. 

• If a Depository Institution Holding Company and its Certified CDFI Subsidiary Insured Depository Institution both apply for a CDFI Rapid Response Program grant, only the Depository Institution Holding Company will receive an award, not both. In such instances, the 

Subsidiary Insured Depository Institution will be deemed ineligible. 

• 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 CDFI RRP grant 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 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 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. 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 section 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. 

• An Applicant may not request more than 150% of the dollar volume of its Total On-Balance 

Sheet Financial Products Closed in Eligible Markets and/or Target Markets for its most recent historic fiscal year, with the following exception: An Applicant with Total On-Balance 

Sheet Financial Products Closed in Eligible Markets and/or Target Markets of less than 

$133,334 for its most recent historic fiscal year may request the minimum award size. 

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. 


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TABLE 4—ELIGIBILITY REQUIREMENTS FOR ALL CDFI RAPID RESPONSE PROGRAM APPLICANTS—Continued 

Debarment/Do Not Pay Verification .................... • The CDFI Fund will conduct a debarment check and will not consider an Application submitted by an Applicant if the Applicant (or Affiliate of an 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. 

CDFI Certification Status ..................................... • Each CDFI Rapid Response Program Applicant must be a Certified CDFI as of the publication date of this NOFA in the Federal Register. 

• 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 be deemed ineligible and no longer be considered by the CDFI Fund. 

Regulated Institution ........................................... • Each Regulated Institution CDFI Rapid Response Program 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’’. 

• CDFI Rapid Response Program Applicants with CAMELS/CAMEL ratings of ‘‘5’’ will not be 

eligible for awards. 

• The CDFI Fund will not approve a CDFI Rapid Response Program award for an Applicant 

that has a Community Reinvestment Act (CRA) assessment rating of below ‘‘Satisfactory’’ 

on its most recent examination. Applicants and/or their Appropriate Federal Banking Agency 

may be contacted by the CDFI Fund to provide additional information related to Federal 

bank regulatory or CRA information. The CDFI Fund will consider this information and may 

choose to not approve a CDFI Rapid Response Program award for an Applicant if the information indicates that the Applicant may be unable to responsibly manage, re-invest, and/or 

report on a CDFI Rapid Response Program award during the Period of Performance. 

• The CDFI Fund will also evaluate material concerns identified by the Appropriate Federal 

Banking Agency in determining the eligibility of Regulated Institution Applicants. 

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. 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 CDFI Rapid Response Program 

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 5—REQUIRED APPLICATION DOCUMENTS

Application documents Applicant type Submission format 

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

SF–424 ..................................................................................................................... All Applicants ......................................... Fillable PDF in 

Grants.gov. 

CDFI Rapid Response Program Application Components: .................................... All Applicants ......................................... AMIS. 

• Funding Application Detail 

• Data and Charts as listed in AMIS and outlined in Application materials 

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

Audited financial statements for the Applicant’s Three Most Recent Historic Fiscal Years.CDFI Rapid Response Program Applicants: if available: loan funds, Venture Capital Funds, and other nonRegulated Institutions.PDF in AMIS. 


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TABLE 5—REQUIRED APPLICATION DOCUMENTS—Continued 

Application documents Applicant type Submission format 

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.

CDFI Rapid Response Program Applicants, if audited financial statements 

are available: Loan funds, Venture 

Capital Funds, and other non-Regulated Institutions.

PDF in AMIS. 

Statement 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).

CDFI Rapid Response Program Applicants if audited financial statements 

are available but a Management Letter is not available: Loan funds, Venture Capital Funds, and other nonRegulated Institutions.

AMIS. 

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

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

CDFI Rapid Response Program Applicants: Loan funds, Venture Capital 

Funds, and other non-Regulated Institutions.

PDF in AMIS. 

Current Year to Date—December 31, 2020 Unaudited financial statements ......... CDFI Rapid Response Program Applicants: Loan funds, Venture Capital 

Funds, and other non-Regulated Institutions.

PDF in AMIS. 

C. Application Submission: The CDFI 

Fund has a two-step process that 

requires the submission of Required 

Application Documents (listed in Table 

5) 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 6. 

All Applicants must register in the 

Grants.gov system to successfully 

submit the SF–424. The CDFI Fund 

strongly encourages Applicants to start 

the Grants.gov registration process as 

soon as possible (refer to the following 

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

register.html). The Grants.gov 

registration process requires Applicants 

to have DUNS and EIN numbers. 

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. 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 


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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. 

F. Submission Dates and Times: 

1. Submission Deadlines: The 

following table provides the critical 

deadlines for the CDFI Rapid Response 

Program Funding Round. 

TABLE 6—CDFI RAPID RESPONSE PROGRAM CRITICAL DEADLINES FOR APPLICANTS

Description Deadline 

Time 

(eastern timeET) Submission method 

Last day to enter EIN and DUNS numbers in AMIS 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 CDFI Fund with questions about 

the CDFI Rapid Response Program.

March 23, 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).

March 25, 2021 5:00 p.m ........... Service Request via AMIS or 202–653–0422 or 

AMIS@cdfi.treas.gov. 

Last day to submit CDFI Rapid Response Program 

Application.

March 25, 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 CDFI Rapid Response 

Program Funding Opportunity Number 

by the applicable deadline. All other 

Required Application Documents (listed 

in Table 5) 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 5. 

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 the Application 

components and documents included in 

Table 5, 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 CDFI Rapid Response 

Program Application. Upon submission, 

the Application will be locked and 

cannot be resubmitted, edited, or 

modified in any way. The CDFI Fund 

will not unlock or allow multiple 

Application submissions. 

3. Late Submission: The CDFI Fund 

will not accept an Application 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 Federal 

government technological error directly 

resulted in a late submission of the SF– 

424 or the Application, Applicants are 

provided two opportunities to submit a 

written request for acceptance of late 

submissions. The CDFI Fund will not 

consider the late submission of the SF– 

424 or the Application that was a direct 

result of a delay in a Federal 

Government process, unless such delay 

was the result of a Federal government 

administrative or Federal government 

technological error. 

a. SF–424 Late Submission: In cases 

where a Federal government 

administrative or Federal government 

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 

CDFI Program with a subject line of 

‘‘Late SF–424 Submission Request.’’ 

b. AMIS Application Late 

Submission: In cases where a Federal 

government administrative or Federal 

government 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 


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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 CDFI Program with a subject line 

of ‘‘Late Application Submission 

Request.’’ 

G. Funding Restrictions: CDFI Rapid 

Response Program grants are limited by 

the following: 

a. A Recipient shall use CDFI Rapid 

Response Program 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, CDFI Rapid Response 

Program grants 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. 

c. CDFI Rapid Response Program 

funds shall only be paid to the 

Recipient. 

d. The CDFI Fund, in its sole 

discretion, may pay CDFI Rapid 

Response Program 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 

section 2 CFR 200.216 of the Uniform 

Requirements, with respect to any 

Direct Costs. 

V. Application Review Information 

A. Criteria: If the Applicant has 

submitted an eligible Application, the 

CDFI Fund will conduct a substantive 

review in accordance with the criteria 

and procedures described in the 

Regulations, this NOFA, the Application 

guidance, and the Uniform 

Requirements. The CDFI Fund reserves 

the right to contact the Applicant by 

telephone, email, or mail for the 

purpose of clarifying or confirming 

Application information. If contacted, 

the Applicant must respond within the 

time period communicated by the CDFI 

Fund or the Application may be 

rejected. The CDFI Fund will review the 

CDFI Rapid Response Program 

Applications in accordance with the 

process below. All 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. CDFI Rapid Response Program 

Application Scoring, Award Selection, 

Review, and Selection Process: The 

CDFI Fund will evaluate each 

Application using a four-step review 

process described in the sections below. 

Applicants that meet the minimum 

criteria will advance to the next step in 

the review process. 

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(a): 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 4, each 

Regulated Institution CDFI Rapid 

Response Program Applicant must have 

a CAMELS/CAMEL rating of at least ‘‘4’’ 

and/or no significant materials concerns 

from its regulator. 

For non-regulated Applicants, the 

CDFI Fund will evaluate the financial 

health and viability of each nonregulated Applicant using financial 

information provided by the Applicant. 

For the Financial Analysis, each nonregulated Applicant will receive a Total 

Financial Composite Score on a scale of 

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

highest rating. The Total Financial 

Composite Score is based on the 

analysis of twenty-three (23) financial 

indicators. Applications will be grouped 

based on the Total Financial Composite 

Score. Applicants must receive a Total 

Financial Composite Score of one (1), 

two (2), three (3), or four (4) to advance 

to Step 3. Applicants that receive a 

Total Financial Composite Score of five 

(5) will not advance to Step 3. 

ii. Step 2(b): 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 confirmed by 

CDFI Fund Staff. If the Applicant is 

deemed a high compliance risk (score of 

a 4 or 5) after the CDFI Fund reviews, 

the Applicant will not advance to Step 

3. 

c. Step 3: Final Award Decision: The 

CDFI Fund will conduct a due diligence 

review to evaluate each CDFI Rapid 

Response Program Application to 

ensure its adherence with the CDFI 

Fund’s policies and procedures as well 

as applicable Federal regulations. The 

due diligence review includes an 

analysis of programmatic risk factors 

including but not limited to financial 

stability; history of performance in 

managing Federal awards (including 

timeliness of reporting and compliance); 

audit or regulator findings; and the 

Applicant’s ability to effectively 

implement Federal requirements. If an 

Applicant is found to be a significant 

risk as a result of this due diligence 

review, the CDFI Fund may eliminate 

the Applicant from consideration for a 

CDFI Rapid Response Program grant or 

may reduce the Applicant’s award size. 

The CDFI Fund also reserves the right 

to reduce the award size for Applicants 

that have a CAMEL/CAMELS, or 

equivalent, rating of four (4) or Total 

Financial Composite Score of four (4) 

during the due diligence review. 

d. Step 4: Award Amount 

Determination: The CDFI Fund 

determines an award amount for each 

Application using a formula-based 

approach based on the due diligence 

performed, the Applicant’s requested 

amount, and certain other factors, 

including but not limited to, the 

Applicant’s deployment track record, 

minimum award size, submission of 

audited financial statements, amount 

targeted to a Native Community, and 

funding availability. Award amounts 

may be reduced from the requested 

award amount as a result of the above 

factors. All approved Applicants will be 

awarded at least the minimum award 

amount noted in Table 2. Award sizes 

for Applicants without audited financial 

statements will be limited to no more 

than $200,000. The funding available 

will be split among successful 

Applicants using a formula approach 

that ensures the following: (i) an 

Applicant’s final award amount does 

not exceed its requested award amount, 

(ii) an Applicant’s final award amount 

does not exceed either (a) 150% of the 

dollar volume of its Total On-Balance 

Sheet Financial Products Closed in 

Eligible Markets and/or Target Markets 

for its most recent historic fiscal year, or 

(b) the minimum award size ($200,000), 

whichever is greater, (iii) an Applicant’s 

final award amount does not exceed 

$200,000 if it does not have audited 

financial statements, (iv) an Applicant’s 

award amount is adjusted based on the 

due diligence review, and (v) a 

minimum of $25 million of the total 

CDFI Rapid Response Program funds 

awarded are allocated to benefit Native 

Communities. 


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Based on the anticipated formula, the 

CDFI Fund does not anticipate that any 

applicant will receive the maximum 

award amount of $5 million. The award 

is dependent on the number of awards 

made, for example: if there are 510 

awards, the estimated largest award 

would be $3.3 million; if there are 800 

awards, the estimated largest award 

would be $1.8 million; and if there are 

1,050 awards, the estimated largest 

award would be $1.4 million. 

2. 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 

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. 

3. 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 the 

CDFI Rapid Response 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. 

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. CDFI Rapid 

Response Program Assistance 

Agreements have two-year Periods of 

Performance. 

1. Certificate of Good Standing: All 

CDFI Rapid Response Program 

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 around the time 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 CDFI Rapid Response 

Program funds 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 

CDFI Rapid Response Program activities 

in the first 12 months after the award 

announcement. The CDFI Fund reserves 

the right to increase the first payment 

amount to ensure that any subsequent 

payment is at least $25,000. 

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. There will be a limit of two 

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; 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 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: 


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TABLE 7—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 ................. • A CDFI Rapid Response Program Recipient must be a Certified CDFI. 

• If a CDFI Rapid Response Program Recipient fails to maintain CDFI certification, the CDFI 

Fund will terminate and rescind the Assistance Agreement and the award made under this 

NOFA. 

Pending resolution of 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) is 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 8—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 a 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 8—ANNUAL REPORTING REQUIREMENTS *—Continued 

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 

CDFI Rapid Response Program grant 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 CDFI 

Rapid Response Program grant, the Depository Institution Holding Company must submit a 

TLR. 

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 CDFI 

Rapid Response Program grant 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 CDFI Rapid Response Program grant, 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 

CDFI Rapid Response Program grant 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 CDFI Rapid Response Program grant, 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. 

The CDFI Fund may also collect data 

that will enable the Secretary of the 

Treasury to conduct a study of the 

impact of the CDFI Rapid Response 

Program. Reporting requirements will be 

outlined in the final CDFI Rapid 

Response Program Assistance 

Agreement and could include reporting 

beneficiary demographic data. Reporting 

requirements may be added or modified 

at any time at the discretion of the 

Secretary of the Treasury. 

Each Recipient is responsible for the 

timely and complete submission of the 

Annual Reporting Requirements. The 

CDFI Fund reserves the right to contact 

the Recipient and additional entities or 

signatories to the Assistance Agreement 

to request additional information and/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 CDFI Rapid Response 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 CDFI 

Rapid Response 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 CDFI Rapid 

Response Program grant. 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 6. The CDFI Fund 

strongly recommends Applicants submit 

questions to the CDFI Fund via an AMIS 

Service Request to the CDFI Program, 

Office of Certification, Compliance 

Monitoring and Evaluation, or IT Help 

Desk. The CDFI Fund will post on its 

website information to clarify 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 9 lists CDFI 

Fund contact information: 


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11838 Federal Register / Vol. 86, No. 37 / Friday, February 26, 2021 / Notices 

TABLE 9—CONTACT INFORMATION

Type of question Preferred method Telephone number 

(not toll free) Email addresses 

CDFI Rapid Response Program Questions for 

the CDFI 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 Rapid Response Program 

Application has been assigned the 

following control number: 1559–0021. 

B. Application Information Sessions:

The CDFI Fund may conduct webinars 

or host information sessions for 

organizations that are considering 

applying to, or are interested in learning 

about, the CDFI Fund’s programs. For 

further information, visit the CDFI 

Fund’s website at http://

www.cdfifund.gov. 

Authority: Pub. L. 116–260; 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. 2021–04034 Filed 2–25–21; 8:45 am] 

BILLING CODE 4810–70–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Preparer 

Hardship Waiver Request and Preparer 

Explanation for Not Filing 

Electronically 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: The Department of the 

Treasury will submit the following 

information collection request to the 

Office of Management and Budget 

(OMB) for review and clearance in 

accordance with the Paperwork 

Reduction Act of 1995, on or after the 

date of publication of this notice. The 

public is invited to submit comments on 

these requests. 

DATES: Comments must be received on 

or before March 29, 2021. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from Molly Stasko by emailing 

PRA@treasury.gov, calling (202) 622– 

8922, or viewing the entire information 

collection request at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS) 

Title: Preparer Hardship Waiver 

Request and Preparer Explanation for 

Not Filing Electronically. 

OMB Control Number: 1545–2200. 

Type of Review: Extension of a 

currently approved collection. 

Description: A tax preparer uses Form 

8944 to request a waiver from the 

requirement to file tax returns on 

magnetic media when the filing of tax 

returns on magnetic media would cause 

a hardship. A specified tax return 

preparer uses Form 8948 to explain 

which exception applies when a 

covered return is prepared and filed on 

paper. 

Form: IRS Form 8944 and IRS Form 

8948. 

Affected Public: Businesses or other 

for-profit organizations. 

Estimated Number of Respondents: 

8,910,000. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 8,910,000. 

Estimated Time per Response: 7.99 

hours for Form 8944 and 1.99 hours for 

Form 8948. 

Estimated Total Annual Burden 

Hours: 18,270,900 hours. 

Authority: 44 U.S.C. 3501 et seq. 


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