73398 Federal Register / Vol. 88, No. 205 / Wednesday, October 25, 2023 / Notices 

noncompliance was inconsequential. 

NHTSA considers each petition on its 

own merits and the prior decision cited 

by the Petitioner has limited 

applicability in this case. NHTSA 

believes the circumstances for 

accidental window/sunroof closure 

involved in the cited General Motors 

(GM) petition are significantly different 

than those required under MercedesBenz current petition. In granting the 

GM petition, the agency was persuaded 

that the high level of complexity 

involved in navigating through the 

required sequence of events effectively 

eliminated any entrapment risk, 

particularly the limited timeframe 

within which the events would have to 

occur. Specifically, NHTSA stated, ‘‘[i]t 

is very unlikely that the entire sequence 

of events—starting the engine, turning 

the engine off, opening a front door, a 

person becoming positioned in the 

sunroof opening, and pushing the 

sunroof close button—will occur in less 

than 60 seconds from the time the 

ignition is turned off and the vehicle 

operator has exited the vehicle and left 

the immediate area.’’ General Motors, 

Decision Granting Petition for 

Inconsequential Noncompliance, 73 FR 

22459 (April 25, 2008). In contrast, the 

noncompliance in the Mercedes-Benz 

petition does not involve as great a level 

of complexity in the required sequence 

of events that would lead to sunroof 

engagement. The Mercedes-Benz 

petition states, in the subject vehicles, 

as few as two inputs to the centralized 

control devices is sufficient to actuate 

and close the sunroof, i.e., with Car 

Wash Mode included in the ‘‘Favorites’’ 

menu. Furthermore, the touch screens at 

issue here remain activated indefinitely 

until the vehicle is turned off or a user 

activates a command. NHTSA therefore 

does not agree that the prior 

determination in the GM case is 

analogous or persuasive here. 

Therefore, Mercedes-Benz has not met 

its burden of persuasion and for the 

reasons described herein NHTSA does 

not find that the subject noncompliance 

is inconsequential to motor vehicle 

safety. 

VII. NHTSA’s Decision: In 

consideration of the foregoing analysis, 

NHTSA finds that Mercedes-Benz has 

not met its burden of persuasion that the 

FMVSS No. 118 noncompliance at issue 

is inconsequential to motor vehicle 

safety. 

Accordingly, Mercedes-Benz’s 

petition is hereby denied and MercedesBenz is consequently obligated to 

provide notification of, and a free 

remedy for, the noncompliance under 

49 U.S.C. 30118 and 30120. 

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

delegations of authority at 49 CFR 1.95 and 

501.8) 

Cem Hatipoglu, 

Acting Associate Administrator for 

Enforcement. 

[FR Doc. 2023–23528 Filed 10–24–23; 8:45 am] 

BILLING CODE 4910–59–P 

DEPARTMENT OF THE TREASURY 

Community Development Financial 

Institutions Fund 

Funding Opportunities: Small Dollar 

Loan Program; 2024 Funding Round 

Funding Opportunity Title: Notice of 

Funds Availability (NOFA) inviting 

Applications for the fiscal year (FY) 

2024 Funding Round of the Small Dollar 

Loan Program (SDL Program). 

Announcement Type: Announcement 

of funding opportunity. 

Funding Opportunity Number: CDFI– 

2024–SDL. 

Catalog of Federal Domestic 

Assistance (CFDA) Number: 21.025. 

Dates: 

TABLE 1—FY 2024 SMALL DOLLAR LOAN PROGRAM FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS

Description Deadline 

Time 

(eastern 

time—ET) 

Submission method 

OMB Standard Form (SF)–424 Mandatory form .. November 20, 2023 ...... 11:59 p.m. ..... Electronically via Grants.gov. 

Last day to enter the Employer Identification 

Number (EIN) and Unique Entity Identifier 

(UEI) numbers in AMIS.

November 20, 2023 ...... 11:59 p.m. ..... Electronically via Awards Management Information System (AMIS). 

Last day to contact SDL Program Staff ................ December 18, 2023 ...... 5 p.m. ............ Service Request via AMIS or CDFI Fund 

Helpdesk: 202–653–0421 or sdlp@

cdfi.treas.gov. 

Last day to contact the Certification, Compliance 

Monitoring and Evaluation (CCME) Help Desk.

December 18, 2023 ...... 5 p.m. ............ CCME Helpdesk: 202–653–0423 or Compliance 

and Reporting AMIS Service Request. 

Last day to contact IT Help desk regarding AMIS 

support only.

December 20, 2023 ...... 5 p.m. ............ CDFI Fund IT Helpdesk: 202–653–0422 or IT 

AMIS Service Request. 

Last day to submit Title VI Compliance Worksheet (all Applicants) *.December 20, 2023 ...... 5 p.m. ............ Electronically via AMIS. 

SDL Program Application and Required Attachments.December 20, 2023 ...... 5 p.m. ............ Electronically via AMIS. 

* This requirement also applies to Applicants’ prospective sub-recipients that are not direct beneficiaries of federal financial assistance (e.g., 

Depository Institutions Holding Company and their Subsidiary Depository Institutions). 

Executive Summary: The Small Dollar 

Loan Program (SDL Program) is 

administered by the Community 

Development Financial Institutions 

Fund (CDFI Fund). Through the SDL 

Program, the CDFI Fund provides (1) 

grants for Loan Loss Reserves (LLR) to 

enable a Certified Community 

Development Financial Institution 

(CDFI) establish a loan loss reserve fund 

in order to cover the losses on small 

dollar loans associated with starting a 

new small dollar loan program or 

expanding an existing small dollar loan 

program; and (2) grants for Technical 

Assistance (TA) for technology, staff 

support, and other eligible activities to 

enable a Certified CDFI to establish and 

maintain a small dollar loan program. 

All awards provided through this Notice 

of Funds Availability (NOFA) are 

subject to funding availability. 

I. Program Description 

A. Authorizing Statute: The SDL 

Program is authorized by Title XII— 

Improving Access to Mainstream 

Financial Institutions Act of the DoddFrank Wall Street Reform and Consumer 

Protection Act of 2010 (Pub. L. 111– 

203), which amended the Riegle 

Community Development Banking and 

Financial Institutions Act of 1994 (Pub. 

L. 103–325) to include the SDL Program 


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(12 U.S.C. 4719). For a complete 

understanding of the program, the CDFI 

Fund encourages Applicants to review 

the SDL Program funding application 

(referred to hereafter as the 

‘‘Application,’’ meaning the application 

submitted in response to this NOFA) 

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 (Uniform 

Requirements). Each capitalized term 

used in this NOFA, but not defined 

herein, shall have the respective 

meanings assigned to them in the 

Application or the Uniform 

Requirements. Details regarding 

Application content requirements are 

found in the Application and related 

materials at www.cdfifund.gov/sdlp. 

B. History: The CDFI Fund was 

established by the Riegle Community 

Development and Regulatory 

Improvement Act of 1994 to promote 

economic revitalization and community 

development through investment in and 

assistance to CDFIs. Since its creation in 

1994, the CDFI Fund has provided more 

than $7.4 billion through a variety of 

monetary awards programs to CDFIs, 

community development organizations, 

and financial institutions. In addition, 

the CDFI Fund has allocated $71 billion 

in tax credit allocation authority to 

Community Development Entities 

through the New Markets Tax Credit 

Program (NMTC Program) and has 

guaranteed more than $2.1 billion in 

bonds through the CDFI Bond Guarantee 

Program. 

C. Uniform Administrative 

Requirements, Cost Principles, and 

Audit Requirements for Federal Awards: 

The Uniform Requirements codify 

financial, administrative, procurement, 

and program management standards 

that federal award-making agencies 

must follow. Per the Uniform 

Requirements, when evaluating 

Applications, awarding agencies must 

evaluate the risks to the program posed 

by each Applicant, and each Applicant’s 

merits and eligibility. These 

requirements are designed to ensure that 

Applicants for federal assistance receive 

a fair and consistent review prior to an 

award decision. This review will assess 

items such as the Applicant’s financial 

stability, quality of management 

systems, history of performance, and 

single audit findings. In addition, the 

Uniform Requirements include 

guidance on audit requirements and 

other award compliance requirements 

for award Recipients. 

D. Priorities: The purpose of the SDL 

Program is to provide grants for LLR and 

TA to qualified organizations to 

establish and maintain small dollar loan 

programs that are safe, affordable, and 

responsible. SDL Program funding is 

intended to expand consumer access to 

financial institutions by providing 

alternatives to high-cost small dollar 

lending. The SDL Program funding is 

also intended to help unbanked and 

underbanked populations build credit, 

access affordable capital, and allow 

greater access into the mainstream 

financial system. To pursue these 

objectives, the CDFI Fund will prioritize 

funding for Applications that propose to 

offer small dollar loan programs that 

include any of the following 

characteristics: (1) offer small dollar 

loan terms that are at least ninety (90) 

days; (2) use underwriting that 

considers the borrower’s ability to repay 

a loan based on both the borrower’s 

income and expenses; (3) make loan 

decisions within one business day after 

receipt of required documents; (4) offer 

a reduction in the borrower’s loan rate 

if the borrower elects to use automatic 

debit payments; (5) offer automatic 

savings features that are built into the 

regularly-scheduled payments on a 

loan—provided that the resulting 

payment is still affordable—or, at a 

minimum, loans that can be structured 

so that, subject to the borrower’s 

consent, payments continue for a period 

of time after the loan is repaid with all 

of the payments going into a savings 

vehicle; and (6) offer access to financial 

education, including credit counseling, 

particularly if the Applicant offers 

financial education programs that are 

used as substitutes for late fees and 

overdraft fees when borrowers are at 

risk of incurring a late fee or overdraft 

fee. 

E. Funding limitations: 

1. 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. 

2. Prohibited Practices: SDL Program 

Awards may not be used to support 

small dollar loan programs that have 

any of the lending practices and loan 

characteristics listed in table 2. 

TABLE 2—SDL PROGRAM PROHIBITED PRACTICES

Prohibited practice Prohibited practice definition 

i. High-Rate loans ............................................... Loans that exceed the lower of the following two rates: (1) an all-inclusive 36% APR; or (2) the 

interest rate limit as set by the state agency that oversees financial institutions in your state. 

ii. Coerced automated repayments .................... Loans that: (1) have delayed loan disbursements for borrowers who do not agree to automatic 

repayments, (2) charge fees for borrowers who select manual payments, or (3) require borrowers to make payments using wire transfers or other means that may result in additional 

fees for borrowers. 

iii. Excessive refinancing .................................... Loans that allow refinancing before at least 80% of the principal has been repaid. 

iv. Loan insurance or credit card add-ons .......... Loans that offer add-on insurance or credit card products, whether they are automatic or not, 

that require borrowers to opt-in or opt-out to decline coverage or require the borrower to accept or opt-out of a credit card. For example, loans that automatically include insurance 

products such as credit, life, disability insurance or involuntary unemployment insurance 

coverage, or loans that automatically open a credit card for the borrower. 

v. Security interests in household goods, vehicles, or deposit accounts. Exception: loans 

with a savings account component or credit 

builder loans.

Loans that are secured, except for loans secured by a savings account for loans with a savings component or credit builder loans. 

vi. Excessive late fees on missed loan payments.Loans that charge more than one fee per late payment. 

vii. Abusive overdraft practices ........................... Lenders who hold the account from which repayment is being made may not collect a loan 

payment from the borrower’s account that overdraws the account, triggering overdraft fees. 

viii. Aggressive debt collection practices ............ Loans in which the lender: 

• Does not offer a workout program or other accommodations to help struggling borrowers before pursuing other debt collection avenues. 


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TABLE 2—SDL PROGRAM PROHIBITED PRACTICES—Continued 

Prohibited practice Prohibited practice definition 

• All debt collection activities must comply with the Fair Debt Collection Practices Act, 

whether conducted by the lender, a contract debt collector or sold to third party debt 

collectors. 

• Does not disclose to borrowers the details of its debt collection practices or provide notice to a borrower when its account is placed with debt collectors. 

ix. Forced arbitration clause, class action ban, 

and other bans on legal remedies.

Loan contracts that contain clauses that prevent borrowers from seeking legal remedies in 

court, such as mandatory arbitration clauses, or clauses requiring that the borrower waive 

the right to a trial by jury or the right to participate in a class action lawsuit. 

F. SDL Program Statutory 

Requirements: 

1. SDL Program Awards may not be 

used to provide direct loans to 

consumers. 

2. SDL Program Awards may only be 

used to support small dollar loan 

programs that offer small dollar loans to 

consumers that: 

(a) are made in amounts that do not 

exceed $2,500; 

(b) must be repaid in installments; 

(c) have no prepayment penalty; 

(d) have payments that are reported to 

a least one of the consumer reporting 

agencies that compiles and maintains 

files on consumers on a nationwide 

basis; and 

(e) are underwritten with standards 

that consider the consumer’s ability to 

repay. 

II. Federal Award Information 

A. Funding Availability: The CDFI 

Fund expects to award up to $18 

million through this NOFA. The final 

funding availability will be determined 

by passage of a final budget for FY 2024. 

The CDFI Fund also reserves the right 

to award less than this amount. The 

following table identifies the minimum 

and maximum award amounts for Loan 

Loss Reserves, Technical Assistance, 

and a Combination of Loan Loss 

Reserves and Technical Assistance. 

TABLE 3—SDL PROGRAM MINIMUM AND MAXIMUM AWARD AMOUNTS

Eligible awards 

Award amount 

Minimum Maximum 

Loan Loss Reserves ..................................................... $20,000 Up to 20% of the Applicant’s 3-year Projected Total On-Balance Sheet 

Small Dollar Loans to be closed, not to exceed $350,000. 

Technical Assistance .................................................... 20,000 $150,000. 

Combination of Loan Loss Reserves and Technical 

Assistance.

40,000 $500,000 (Up to 20% of the Applicant’s 3-year Projected Total On-Balance Sheet Small Dollar Loans to be closed, not to exceed $350,000 

plus $150,000). 

Eligible Applicants may submit only 

one SDL Program Application and 

therefore will need to determine if they 

are applying for an LLR grant, a TA 

grant, or both. 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. 

B. Types of Awards: The CDFI Fund 

will provide SDL Program Awards for 

LLR and TA in the form of grants to 

support the eligible activities as set forth 

in this NOFA and Application. 

C. Anticipated Start Date and Period 

of Performance: The Period of 

Performance for each SDL Program 

Award begins with the date that the 

CDFI Fund announces the Recipients of 

the FY 2024 SDL Program Awards and 

includes a Recipient’s three full 

consecutive fiscal years after the date of 

the Award announcement, during 

which time the Recipient must meet the 

Performance Goals and Measures 

(PG&Ms) set forth in the Assistance 

Agreement. The Budget Period for an 

SDL Program Award is the same as the 

Period of Performance. 

D. Eligible Activities: An SDL Program 

Award must support or finance 

activities to establish and maintain 

small dollar loan programs that are safe, 

affordable, and responsible. SDL 

Program Awards may only be used as 

follows: 

1. Loan Loss Reserves: Loan Loss 

Reserve (LLR) Awards must be set aside 

in the form of cash reserves, or through 

accounting-based accrual reserves, to 

cover losses on small dollar loans. LLR 

Awards may be used to mitigate losses 

on a new or established small dollar 

loan program. LLR Award Recipients 

must meet Performance Goals and 

Measures, which will be derived from 

projections and attestations provided by 

the Applicant in its Application, prior 

to the end of the Period of Performance. 

2. Technical Assistance: TA Awards 

may be used for technology, staff 

support, and other costs associated with 

establishing and maintaining a small 

dollar loan program as listed in table 4. 

The seven eligible activity categories 

are: (i) Compensation—Personal 

Services; (ii) Professional Service Costs; 

(iii) Travel Costs; (iv) Training and 

Education Costs; (v) Equipment; (vi) 

Supplies; and (vii) Development 

Services. The TA Award must be 

expended in these activity categories 

before the end of the Period of 

Performance. None of the eligible 

activity categories are authorized for 

indirect costs or an associated indirect 

cost rate. Any expenses that are 

prohibited by the Uniform 

Requirements are unallowable and are 

generally found in Subpart E-Cost 

Principles. 

SDL Program Recipients must meet 

certain PG&Ms which will require the 

Recipient to expend the SDL Program 

Award on eligible activities and close 

small dollar loans. 

(a) TA Award Recipients that will use 

the SDL Program Award to start a new 

small dollar loan program must expend 

at least 50% of the Recipient’s TA 

Award amount by the end of the first 

year of the Period of Performance on 

eligible activities to start a new small 


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dollar loan program and expend 100% 

of the total Award amount by the Period 

of Performance end date on eligible 

activities to start a new small dollar loan 

program. 

(b) TA Award Recipients that will use 

the SDL Program Award to expand an 

existing small dollar loan program must 

expend at least 75% of the Recipient’s 

TA Award amount by the end of the 

first year of the Period of Performance 

on eligible activities to expand an 

existing small dollar loan program and 

expend 100% of the total Award 

amount by the Period of Performance 

end date on eligible activities to expand 

an existing small dollar loan program. 

3. All SDL Program Award Recipients 

must close small dollar loans based on 

the three-year projected small dollar 

loan total to be closed as proposed in 

the Application, demonstrating an 

increase in lending. This amount may 

be adjusted based on Award size. Final 

PG&Ms may differ and will be set forth 

in the final SDL Program Assistance 

Agreement. 

For purposes of this NOFA, the seven 

eligible TA activity categories are 

defined below: 

TABLE 4—ELIGIBLE TECHNICAL ASSISTANCE ACTIVITY CATEGORIES, SUBJECT TO THE APPLICABLE PROVISIONS OF THE

UNIFORM REQUIREMENTS

(i) Compensation—Personal Services ................ TA paid to cover all remuneration, paid currently, or accrued, for services of Applicant’s employees related to establishing or maintaining the Applicant’s small dollar loan program rendered during the Period of Performance under the TA grant in accordance with section 

200.430 of the Uniform Requirements. 

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

Compensation through a TA grant. For example, the salaries for building maintenance are 

not related to the purpose of a TA grant and would be deemed unallowable. 

(ii) Professional service costs ............................. TA used to pay for professional and consultant services (e.g., such as strategic and marketing 

plan development) related to establishing or maintaining the Applicant’s small dollar loan 

program, 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. 

(iii) Travel costs .................................................. TA used to pay costs of transportation, lodging, subsistence, and related items incurred by the 

Applicant’s personnel who are on travel status on business related to establishing or maintaining the Applicant’s small dollar loan program, 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 TA grant would be deemed unallowable. As such, documentation must be maintained that justifies the travel as necessary to 

the TA grant. 

(iv) Training and education costs ....................... TA used to pay the cost of training and education provided by the Applicant for employees’ 

development in accordance with section 200.473 of the Uniform Requirements. TA can only 

be used to pay for training costs incurred by the Applicant’s employees related to establishing or maintaining the Applicant’s small dollar loan program. Training and education 

costs may not be incurred by the Applicant’s consultants. 

(v) Equipment ..................................................... TA used to pay for tangible personal property, having a useful life of more than one year and 

a per-unit acquisition cost of at least $5,000, as defined in section 200.1 of the Uniform Requirements, related to establishing or maintaining the Applicant’s small dollar loan program. 

For example, items such as information technology systems are allowable as Equipment 

costs. The Applicant must comply, as applicable, with the Buy American Act of 1933, 41 

U.S.C. 8301–8303 with respect to the purchase of Equipment. 

(vi) Supplies ........................................................ TA used to pay for tangible personal property with a per unit acquisition cost of less than 

$5,000, as defined in section 200.1 of the Uniform Requirements, related to establishing or 

maintaining the Applicant’s small dollar loan program. For example, a desktop computer 

costing $1,000 is allowable as a Supply cost. The Applicant must comply, as applicable, 

with the Buy American Act of 1933, 41 U.S.C. 8301–8303 with respect to the purchase of 

Supplies. 

(vii) Development Services ................................. TA used to pay for activities undertaken by an Applicant that prepares or assists current or potential borrowers to use the Applicant’s small dollar loan program. For example, such activities include financial education, including credit counseling. 

E. Persistent Poverty Counties: 

Pursuant to the Consolidated 

Appropriations Act, 2021 (Pub. L. 116– 

260) and Consolidated Appropriations 

Act, 2023 (Pub. L. 117–103), Congress 

mandated that at least 10% of the CDFI 

Fund’s appropriations be directed to 

counties that meet the criteria for 

‘‘Persistent Poverty’’ designation. 

Persistent Poverty Counties (PPCs) are 

defined as any county, including county 

equivalent areas in Puerto Rico, that has 

had 20% or more of its population 

living in poverty over the past 30 years, 

as measured by the 1990 and 2000 

decennial censuses, and the 2016–2020 

5-year data series available from the 

American Community Survey of the 

Census Bureau, or any other territory or 

possession of the United States that has 

had 20% or more of its population 

living in poverty over the past 30 years, 

as measured by the 1990, 2000 and 2010 

Island Areas Decennial Censuses, or 

equivalent data, of the Bureau of the 

Census and published by the CDFI Fund 

at: https://www.cdfifund.gov/sites/cdfi/ 

files/2023-03/PPC_2020_ACS_Jan20_

2023.xlsx. To comply with this 

mandate, the CDFI Fund will prioritize 

funding to Applicants that have 

headquarters (as stated in the 

Applicant’s Application) located in 

PPCs. 

III. Eligibility Information 

A. Eligible Applicants: To be eligible 

to apply for an SDL Program Award, 

Eligible Applicants must be duly 

organized as a legal entity (within the 

United States or its territories) and meet 

the criteria below: 


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1A ‘‘federally insured depository institution’’ is 

any insured depository institution as that term is 

defined in section 3 of the Federal Deposit 

Insurance Act (12 U.S.C. 1813) and any insured 

credit union as that term is defined in section 101 

of the Federal Credit Union Act (12 U.S.C. 1752). 

2 12 U.S.C. 4702(16), Investment Area—The term 

‘‘investment area’’ means a geographic area (or 

areas) including an Indian reservation that— 

1. For LLRs: 

(a) a Certified Community 

Development Financial Institution 

(CDFI); or 

(b) a partnership between a Certified 

CDFI and a Federally Insured 

Depository Institution 1 (FIDI) with a 

primary mission to serve targeted 

Investment Areas.2

(A)(i) meets objective criteria of 

economic distress developed by the 

Fund, which may include the 

percentage of low-income families or 

the extent of poverty, the rate of 

unemployment or underemployment, 

rural population outmigration, lag in 

population growth, and extent of blight 

and disinvestment; and (ii) has 

significant unmet needs for loans or 

equity investments; or 

(B) encompasses or is located in an 

empowerment zone or enterprise 

community designated under section 

1391 of the Internal Revenue Code of 

1986. 

2. For TA: 

(a) a Certified CDFI; or 

(b) a partnership between two or more 

Certified CDFIs. 

3. For Combination of LLR and TA: 

(a) a Certified CDFI. 

Eligible Applicants may submit only 

one SDL Program Application and 

therefore will need to determine if they 

are eligible and applying for LLR, TA, 

or both. 

For purposes of the Application, the 

term ‘‘Applicant’’ refers to an 

organization applying on its own as a 

Certified CDFI or refers to the 

designated lead Certified CDFI applying 

on behalf of a partnership. The 

Applicant must use the SDL Program 

Award to establish or maintain a small 

dollar loan program. In the case of a 

partnership, the designated lead 

Certified CDFI must use the SDL 

Program Award to establish or maintain 

a small dollar loan program. 

B. Additional Guidance on Applicants 

Applying as Partnerships: The 

partnership must designate a lead 

Certified CDFI for the partnership that 

will submit the Application. This 

designated lead Certified CDFI will also 

submit a written partnership agreement 

(e.g., Memorandum of Understanding) 

detailing roles and responsibilities of 

the partners, partner replacement or 

substitution restrictions, any financial 

contributions and profit-sharing 

arrangements, and performance 

requirements for the entities in the 

partnership. 

A partner may be a FIDI, if the 

partnership is applying for an LLR 

Award, or a Certified CDFI, if the 

partnership is applying for a TA Award. 

A partner may not apply for its own 

Award under the FY 2024 SDL Program 

funding round or apply as a partner for 

more than one Application submitted 

under the FY 2024 SDL Program 

funding round. A partnership is a 

formal arrangement, as evidenced by a 

written partnership agreement (e.g., 

Memorandum of Understanding), 

between a Certified CDFI and a FIDI or 

between two or more Certified CDFIs. 

The partnership must be designed to 

accomplish one or more of the strategic 

goals discussed in the Business Strategy 

and Community Impact section of the 

SDL Applicant’s Application and be 

integral to the successful completion of 

the Applicant’s strategic goal(s). The 

partnership should be such that the 

Applicant’s strategic goal(s) would not 

be achievable without the direct input 

and/or assistance of the partner. An 

Applicant that collaborates or 

coordinates with a FIDI or a CDFI to 

achieve the strategic goals detailed in 

the Application is not required to apply 

as a partnership. Applicants that apply 

as a partnership will be evaluated based 

on the same criteria as Applicants that 

apply without a partnership. If selected 

to receive an SDL Program Award, the 

lead Certified CDFI Recipient will be 

solely responsible for carrying out the 

activities described in its Application 

and complying with the terms and 

conditions of the Assistance Agreement. 

The partner(s) will not be a co-Recipient 

of the award. As such, the lead Certified 

CDFI Recipient will be prohibited from 

using the SDL Program Award to fund 

any activity carried out directly by the 

partner or an Affiliate or Subsidiary 

thereof. Examples of partnerships 

include the following: 

Applying as a Partnership 

Example 1: ABC Certified CDFI has a 

strategic goal of increasing its small 

dollar lending by X% over X number of 

years. ABC Certified CDFI will request 

an SDL Program Award for LLR to 

mitigate losses on the small dollar loans 

it provides as it seeks to expand its 

small dollar loan program. ABC 

Certified CDFI has a Partnership 

Agreement in place with a local FIDI in 

which the FIDI will refer all small dollar 

loan candidates to ABC Certified CDFI 

to expand ABC Certified CDFI’s small 

dollar loan program. ABC Certified CDFI 

will explain in its narrative and 

Partnership Agreement how an SDL 

Program Award for LLRs and the 

referrals from the local FIDI partner will 

ensure that its strategic goal of 

increasing small dollar lending is 

achieved. 

Example 2: XYZ Certified CDFI has a 

strategic goal to provide a new small 

dollar loan product. XYZ Certified CDFI 

will request an SDL Program Award for 

TA to upgrade its technology systems to 

support a new small dollar loan 

product. XYZ Certified CDFI has a 

Partnership Agreement in place with a 

Certified CDFI that will provide free 

financial counseling services to the XYZ 

Certified CDFI’s small dollar loan 

Applicants. XYZ Certified CDFI chooses 

to apply as a partnership with the 

Certified CDFI as its partner. XYZ 

Certified CDFI will explain in its 

narrative and Partnership Agreement 

how a SDL Program Award for TA and 

the financial counseling provided to 

potential borrowers will support the 

growth of the new small dollar loan 

program. 

Note: A Certified CDFI Depository 

Institution Holding Company Applicant that 

intends to carry out the activities of an 

Award through its Subsidiary Certified CDFI 

Insured Depository Institution should not 

apply as a partnership. Instead, the Certified 

CDFI Depository Institution Holding 

Company should apply as a sole entity. Table 

5 indicates the criteria that each Application 

must meet in order to be eligible for an SDL 

Program Award pursuant to this NOFA. 

TABLE 5—ELIGIBILITY REQUIREMENTS FOR SDL PROGRAM APPLICANTS

All Applicants ...................................................... • Must be a Certified CDFI as set forth in 12 CFR 1805.201 and the CDFI Fund has officially 

notified the entity that it meets all CDFI Certification requirements as of the publication date 

of this NOFA. 

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

noncompliance issues with its Annual Certification and Data Collection Report if the 

CDFI Fund has not yet made a final compliance determination. 


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TABLE 5—ELIGIBILITY REQUIREMENTS FOR SDL PROGRAM APPLICANTS—Continued 

Æ 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 for an Award by 

the CDFI Fund. 

• The financial information in the Application (including any uploaded attachments) should 

only reflect the activities of the entity that will carry out the proposed award activities. Do not 

include financial or portfolio information from parent companies, Affiliates, or Subsidiaries in 

the Application. Also, do not include financial or portfolio information from partner entities if 

the Applicant is applying as a partnership. 

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

consideration, other than Depository Institution Holding Companies (see below). 

FIDI Partner ........................................................ • Is not required to be a Certified CDFI. 

• Must have a primary mission to serve targeted Investment Areas. 

Application and submission overview through 

Grants.gov and Awards Management Information System (AMIS).

• Applicants must submit the Required Application Documents listed in table 6. 

• 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 Standard Form 424 (SF–424): 

Æ Grants.gov: Applicants must submit the 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 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 8. 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 SDL Program Funding Opportunity Number 

for the SDL 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 6: 

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 SDL 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 federal 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. 

Unique Entity Identifier (UEI) .............................. • The transition from the Dun and Bradstreet Universal Numbering System (DUNS) to UEI is 

a federal, government-wide initiative. 

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

• The UEI number in the Applicant’s AMIS account must match the UEI number in the Applicant’s Grants.gov and SAM accounts. The CDFI Fund will reject an Application if the UEI 

number in the Applicant’s AMIS account does not match the UEI number in its Grants.gov 

and SAM accounts. 

• Applicants must enter their UEI number into their AMIS profile on or before the deadline 

specified in tables 1 and 6. 

• For Applicants applying as a partnership, the UEI number of the designated lead Certified 

CDFI Applicant in AMIS must match the UEI number on the SF–424 submitted through 

Grants.gov. 


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TABLE 5—ELIGIBILITY REQUIREMENTS FOR SDL PROGRAM APPLICANTS—Continued 

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 that have an active SAM registration are already assigned a UEI. Applicants 

must also have 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 time period between the submission of the Applicant’s SF–424 

and the Award announcement, or is set to expire before September 30, 2024 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 SDL 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 time period beginning three years prior to the publication of 

this NOFA until the execution of the Assistance Agreement that 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 et seq); Section 504 of the Rehabilitation Act of 

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

• Applicants * will be required to submit the Title VI Compliance Worksheet (Worksheet) once 

annually to assist the CDFI Fund in determining whether Applicants are compliant with the 

Treasury regulations implementing Title VI of the Civil Rights Act (Title VI), set forth in 31 

CFR part 22. These requirements are set forth in the United States Department of the 

Treasury regulations implementing Title VI located in 31 CFR part 22, Nondiscrimination on 

the Basis of Race, Color, or National Origin in Programs or Activities Receiving Federal Financial Assistance from the Department of the Treasury. 

• In addition, an Applicant * must be compliant with federal civil rights requirements in order to 

be deemed eligible to receive an award from the CDFI Fund. The CDFI Fund will consider 

an Application submitted by an Applicant that has pending Title VI noncompliance issue, if 

the CDFI Fund has not yet made a final compliance determination. 

• The Title VI Compliance Worksheet and program award terms and conditions do not impose 

antidiscrimination requirements on Tribal governments beyond what would otherwise apply 

under federal law. 

Depository Institution Holding Companies 

(DIHC) 1Applicant.

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

Depository Institution, the Application must be submitted by the Certified CDFI Depository 

Institution Holding Company and reflect the activities and financial performance of the Subsidiary Certified CDFI Insured Depository Institution. 

• If a Certified CDFI Depository Institution Holding Company and its Certified CDFI Subsidiary 

Insured Depository Institution both apply for a SDL 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 Award funds will be used to support the Subsidiary CDFI Insured Depository Institution for the eligible activities outlined in the Application. 

Use of Award ...................................................... • All Awards made through this NOFA must be used to support the Applicant’s activities in at 

least one of the Eligible Activity Categories (see Section II. (D)). 

• 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. 

• For Applicants applying as a partnership, only the designated lead Certified CDFI may use 

the Award to carry out the activities of the Award. 

Requested Award amount .................................. • An Applicant must state its requested Award amount in the Application in AMIS. An Applicant that does not include this amount will not be allowed to submit an Application. 

Pending resolution of noncompliance ................ • If an Applicant (or Affiliate of an Applicant) that is a prior Recipient or allocatee under any 

CDFI Fund program: (i) Has demonstrated it has been in noncompliance with a previous assistance agreement, award agreement, allocation agreement, bond loan agreement, or 

agreement to guarantee and (ii) the CDFI Fund has yet to make a final determination as to 

whether the entity is in noncompliance with or default of its previous agreement, the CDFI 

Fund will consider the Applicant’s Application under this NOFA pending full resolution, in the 

sole determination of the CDFI Fund, of the noncompliance. 


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TABLE 5—ELIGIBILITY REQUIREMENTS FOR SDL PROGRAM APPLICANTS—Continued 

Noncompliance or default status ........................ • The CDFI Fund will not consider an Application submitted by an Applicant that is a prior 

CDFI Fund award Recipient or allocatee under any CDFI Fund program if, as of the AMIS 

Application deadline in this NOFA, (i) the CDFI Fund has made a final determination in writing that such Applicant (or Affiliate of such Applicant) is in noncompliance with or default of 

a previously executed assistance agreement, award agreement, allocation agreement, bond 

loan agreement, or agreement to guarantee, and (ii) the CDFI Fund has provided written notification that such entity is ineligible to apply for or receive any future CDFI Fund awards or 

allocations. Such entities will be ineligible to submit an Application for such time period as 

specified by the CDFI Fund in writing. 

• The CDFI Fund will not consider any Applicant that has defaulted on a loan from the CDFI 

Fund within five years of the Application deadline. 

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

Regulated Institutions 2 ....................................... • Each Regulated Institution SDL 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 a ‘‘1’’, ‘‘2’’, or ‘‘3’’. 

• SDL Program Applicants with CAMELS/CAMEL ratings of ‘‘4’’ or ‘‘5’’ will not be eligible for 

awards. 

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

Banking Agency in determining the eligibility of Regulated Institution Applicants. 

1 Depository Institution Holding Company or DIHC means a Bank Holding Company or a Savings and Loan Holding Company. 

2 Regulated Institutions include Insured Credit Unions, Insured Depository Institutions, State-Insured Credit Unions and Depository Institution 

Holding Companies. 

Any Applicant that does not meet the 

criteria in table 5 is ineligible to apply 

for an SDL Program Award under this 

NOFA. 

C. Contacting the CDFI Fund: 

Accordingly, Applicants that are prior 

Recipients and/or allocatees under any 

CDFI Fund program are advised to 

comply with requirements specified in 

an Assistance Agreement, allocation 

agreement, bond loan agreement, or 

agreement to guarantee, and to ensure 

their Affiliates are in compliance with 

any agreements. All outstanding 

reporting and compliance questions 

should be directed to the Office of 

Compliance Monitoring and Evaluation 

(OCME) Help Desk by AMIS Service 

Requests or by telephone at (202) 653– 

0421; except in the case of SDL Program 

reporting and compliance questions, 

which should be directed to the SDL 

Program Help Desk by completing a 

Service Request through AMIS using 

‘‘Small Dollar Loan Program’’ for the 

Service Request program. Alternatively, 

the public can contact SDL Program 

staff via email at SDLP@cdfi.treas.gov or 

by telephone at (202) 653–0421. The 

CDFI Fund will not respond to 

Applicants’ reporting or compliance 

telephone calls or email inquiries that 

are received after 5:00 p.m. ET on 

December 11, 2023, until after the 

Application deadline. The CDFI Fund 

will respond to technical issues related 

to AMIS Accounts through 5:00 p.m. ET 

on December 14, 2023, via AMIS 

Service Requests, or at AMIS@

cdfi.treas.gov, or by telephone at (202) 

653–0422. 

D. Matching Funds Requirements: The 

Matching Funds requirement for SDL 

Program Applicants was waived in the 

enacted FY 2023 Consolidated 

Appropriations Act, and the final FY 

2024 appropriations are still pending. 

Therefore, SDL Program Applicants are 

not required to submit Matching Funds 

at the time of Application submission. 

However, the CDFI Fund reserves the 

right to request Matching Funds from 

SDL Program Applicants if Matching 

Funds are not waived in the final FY 

2024 appropriations. 

E. Other Eligibility Criteria: 

1. How Affiliated Entities Can Submit 

an Application: As part of the 

Application review process, the CDFI 

Fund considers whether Applicants are 

Affiliates, as such term is defined in 12 

CFR 1805.104. If an Applicant and its 

Affiliate(s) wish to submit an 

Application, they must do so through 

one of the Affiliated entities, in one 

Application; an Applicant and its 

Affiliates may not submit separate 

Applications. If Affiliates submit 

multiple or separate Applications, the 

CDFI Fund may, at its discretion, reject 

all such Applications received or select 

only one of the submitted Applications 

to deem eligible, assuming that 

Application meets all other eligibility 

criteria in Section III of this NOFA. 

Furthermore, an Applicant that receives 

an award in this SDL Program round 

may not become an Affiliate of another 

Applicant that receives an award in this 

SDL Program round at any time after the 

submission of an SDL Program 

Application under this NOFA. This 

requirement will also be a term and 

condition of the Assistance Agreement 

(see Application Frequently Asked 

Questions on the CDFI Fund’s website 

at http://www.cdfifund.gov/sdlp for 

more details). 

2. Required Loan Features: An 

Applicant will not be eligible to receive 

an SDL Program Award if the Applicant 

fails to demonstrate in the Application 

that its SDL Program Award would be 

used to establish or maintain a small 

dollar loan program that offers small 

dollar loans to consumers that: 

(a) are made in amounts that do not 

exceed $2,500; 

(b) must be repaid in installments; 

(c) have no prepayment penalty; and 

(d) have payments that are reported to 

at least one of the consumer reporting 

agencies that complies and maintain 

files on consumers on a nationwide 

basis. 

3. Prohibited Practices. Applicants are 

not eligible to use SDL Program Awards 

to support small dollar loan programs 

that have the lending practices and loan 

characteristics listed in table 2. 

IV. Application and Submission 

Information 

A. Address to Request Application 

Package: Application materials can be 

found on the Grants.gov and the CDFI 

Fund’s website at www.cdfifund.gov/ 

sdlp. Applicants may request a paper 


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version of any Application material by 

contacting the CDFI Fund Help Desk by 

email at sdlp@cdfi.treas.gov or by 

telephone at (202) 653–0421. 

B. Content and Form of Application 

Submission: The CDFI Fund will post to 

its website, at www.cdfifund.gov/sdlp, 

instructions for accessing and 

submitting an Application. Detailed 

Application content requirements are 

found in the Application and related 

guidance documents. 

All Applications must be prepared in 

English and calculations must be made 

in U.S. dollars. Table 6 lists the required 

funding Application documents for the 

FY 2024 SDL Program Round. 

Applicants must submit all required 

documents for the Application to be 

deemed complete. Please be aware that 

an Applicant that fails to submit audited 

financial statements for its two most 

recently completed fiscal years will be 

deemed as not having a complete 

Application and will be considered 

ineligible. The CDFI Fund reserves the 

right to request and review other 

pertinent or public information that has 

not been specifically requested in this 

NOFA or the Application. Information 

submitted by the Applicant that the 

CDFI Fund has not specifically 

requested will not be reviewed or 

considered as part of the Application. 

Information submitted must accurately 

reflect the activities of the Applicant 

and/or its Subsidiary Insured 

Depository Institution, in the case where 

the Applicant is an Insured Depository 

Institution Holding Company. 

TABLE 6—REQUIRED APPLICATION DOCUMENTS

Application document Submission format Required? 

Active AMIS Account ....................................................................................... AMIS .................................. Required for all Applicants. 

Standard Form (SF) 424 Mandatory Form ...................................................... Fillable PDF in Grants.gov Required for all Applicants. 

SDL Program Application ................................................................................ AMIS .................................. Required for all Applicants. 

Title VI Compliance Worksheet ....................................................................... AMIS .................................. Required for all Applicants * 

Attachments to the Application 

Audited financial statements (two most recently completed fiscal years prior 

to the publication date of this NOFA).

PDF in AMIS ..................... Required only for Loan funds, venture capital funds, and other nonRegulated Institutions. 

Management Letter for the Applicant’s Most Recently Completed 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 deemed 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.

PDF in AMIS ..................... Required only for Loan funds, venture capital funds, and other nonRegulated Institutions. 

Year-end call reports for Applicant’s two most recently completed fiscal 

years prior to the publication date of the NOFA (for additional guidance 

see FAQ).

PDF in AMIS ..................... Required only for Regulated Institutions. 

A Qualified Federally Insured Depository Institution (FIDI) Partnership Attestation Form demonstrating that the FIDI has a primary mission of serving 

targeted Investment Areas.

PDF in AMIS ..................... Required only for a FIDI that is applying as a partnership with a Certified CDFI for an LLR Award. 

A Partnership Agreement between a Certified CDFI and a FIDI that has a 

primary mission of serving targeted Investment Areas, applying for an 

LLR Award, or a Partnership Agreement between or among two or more 

Certified CDFIs applying for a TA Award detailing the terms of their partnership to establish or maintain a small dollar loan program.

PDF in AMIS ..................... Required only for: (1) a FIDI and a 

Certified CDFI applying for an LLR 

Award; and (2) two or more Certified CDFIs that are applying as a 

partnership for a TA Award. 

* This requirement also applies tp Applicants’ prospective sub-recipients that are not direct beneficiaries of federal financial assistance (e.g., 

Depository Institutions Holding Company and their Subsidiary Depository Institutions). 

The CDFI Fund has a sequential, twostep process that requires the 

submission of Application documents 

in separate systems and on separate 

deadlines. The SF–424 form must be 

submitted through Grants.gov, and all 

other Application documents through 

the AMIS portal. The CDFI Fund will 

not accept Applications via email, mail, 

facsimile, or other forms of 

communication, except in extremely 

rare circumstances that have been preapproved by the CDFI Fund. The 

separate Application deadlines for the 

SF–424 and all other Application 

materials are listed in tables 1 and 6. 

Only the Authorized Representative for 

the Organization or Application Point of 

Contact designated in AMIS may submit 

the Application through AMIS. 

Applicants are strongly encouraged to 

submit the SF–424 as early as possible 

through Grants.gov in order to provide 

sufficient time to resolve any potential 

submission issues. Applicants should 

contact Grants.gov directly with 

questions related to the registration or 

submission process, as the CDFI Fund 

does not administer the Grants.gov 

system. 

The CDFI Fund strongly encourages 

Applicants to start the Grants.gov 

registration process as soon as possible, 


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as it may take several weeks to complete 

(refer to the following link: http://

www.grants.gov/web/grants/ 

register.html). An Applicant that has 

previously registered with Grants.gov 

must verify that its registration is 

current and active. If an Applicant has 

not previously registered with 

Grants.gov, it must first successfully 

register in SAM.gov, as described in 

Section IV.D below. 

C. Unique Entity Identifier: The 

Unique Entity Identifier (UEI) has 

replaced the Dun and Bradstreet 

Universal Numbering System (DUNS) 

number. The UEI, generated in the 

System for Award Management 

(SAM.gov), has become the official 

identifier for doing business with the 

federal government. This transition 

allows the federal government to 

streamline the entity identification and 

validation process, making it easier and 

less burdensome for entities to do 

business with the federal government. If 

an entity is registered in SAM.gov today, 

its UEI has already been assigned and is 

viewable in SAM.gov; this includes 

inactive registrations. New registrants 

will be assigned a UEI as part of their 

SAM registration. 

D. System for Award Management: 

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 materials through that 

platform. When accessing SAM.gov, 

users will be asked to create a login.gov 

user account (if they do not already 

have one). Registration in SAM is 

required as part of the Grants.gov 

registration process. Going forward, 

users will use their login.gov username 

and password every time when logging 

into SAM.gov. The SAM registration 

process can take four weeks or longer to 

complete so Applicants are strongly 

encouraged to begin the registration 

process upon publication of this NOFA 

in order to avoid potential Application 

submission issues. An original, signed 

notarized letter identifying the 

authorized entity administrator for the 

entity associated with the UEI number 

is required by SAM and must be mailed 

to the Federal Service Desk. This 

requirement is applicable to new 

entities registering in SAM or on 

existing registrations where there is no 

existing entity administrator. Existing 

entities with registered entity 

administrators do not need to submit an 

annual notarized letter. 

Applicants that have previously 

completed the SAM registration process 

must verify that their SAM accounts are 

current and active. Applicants are 

required to maintain a current and 

active SAM account at all times during 

which it has an active federal award or 

an Application under consideration for 

an award by a federal awarding agency. 

The CDFI Fund will not consider any 

Applicant that fails to properly register 

or activate its SAM account and, as a 

result, is unable to submit its 

Application by the Application 

deadline. Applicants must contact SAM 

directly with questions related to 

registration or SAM account changes, as 

the CDFI Fund does not maintain this 

system. For more information about 

SAM, please visit https://www.sam.gov 

or call 866–606–8220. 

TABLE 7—Grants.gov REGISTRATION TIMELINE SUMMARY

Step Agency Estimated minimum 

time to complete 

Register in SAM.gov .......................................... System for Award Management (SAM). This step will include obtaining 

a UEI.

Four Weeks.* 

Register in Grants.gov ....................................... Grants.gov ............................................................................................... One Week.** 

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

The CDFI Fund will not consider any Applicant that fails to properly register or activate its SAM account, has not yet received a UEI number, 

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

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

E. Submission Dates and Times: 

1. Submission Deadlines: Table 8 lists 

the deadlines for submission of the 

documents related to the FY 2024 SDL 

Program Funding Round: 

TABLE 8—FY 2024 SDL PROGRAM DEADLINES FOR APPLICANTS

Document Deadline Time—eastern time 

(ET) Submission method 

Submit SF–424 Mandatory form ..................................................... November 20, 

2023.

11:59 p.m. ............. Electronically via Grants.gov. 

Create AMIS Account (if the Applicant does not already have 

one).

November 20, 

2023.

11:59 p.m. ............. Electronically via AMIS. 

Submit Title VI Compliance Worksheet (all Applicants *) ............... December 20, 

2023.

5:00 p.m. ............... Electronically via AMIS. 

Submit SDL Program Application and Required Attachments ....... December 20, 

2023.

5:00 p.m. ............... Electronically via AMIS. 

* This requirement also applies to Applicants’ prospective sub-recipients that are not direct beneficiaries of federal financial assistance (e.g., 

Depository Institutions Holding Company and their Subsidiary Depository Institutions). 

2. Confirmation of Application 

Submission in Grants.gov and AMIS: 

Applicants are required to submit the 

SF–424 Mandatory Form through the 

Grants.gov system under the FY 2024 

SDL Program Funding Opportunity 

Number (listed at the beginning of this 

NOFA). All other required Application 

materials must be submitted through 

AMIS. Application materials submitted 

through each system are due by the 

applicable deadline listed in table 8. 

Applicants must submit the SF–424 by 

an earlier deadline than that of the other 

required Application materials in AMIS. 

If a valid SF–424 is not submitted 

through Grants.gov by the 

corresponding deadline, the Applicant 


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will not be able to submit the additional 

Application materials in AMIS, and the 

Application will be deemed ineligible. 

Thus, Applicants are strongly 

encouraged to submit the SF–424 as 

early as possible in the Grants.gov 

portal, given that potential submission 

issues may impact the ability to submit 

a complete Application. 

(a) Grants.gov Submission 

Information: Each Applicant will 

receive an initial 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 fortyeight (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 checking Grants.gov directly. 

The Application materials submitted in 

AMIS are not accepted by the CDFI 

Fund until Grants.gov has validated the 

SF–424. In the Grants.gov Workspace 

function, please note that the 

Application package has not been 

submitted if you have not received a 

tracking number. 

(b) AMIS Submission Information: 

AMIS is a web-based portal where 

Applicants will directly enter their 

Application information and upload 

required attachments listed in table 6. 

Each Applicant must register as an 

organization in AMIS in order to submit 

the required Application materials 

through this portal. AMIS will verify 

that the Applicant provided the 

minimum information required to 

submit an Application. Applicants are 

responsible for the quality and accuracy 

of the information and attachments 

included in the Application submitted 

in AMIS. The CDFI Fund strongly 

encourages the Applicant to allow 

sufficient time to confirm the 

Application content, review the material 

submitted, and remedy any issues prior 

to the Application deadline. Applicants 

can only submit one Application in 

AMIS. 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 AMIS 

Application submissions. 

Prior to submission, each Application 

in AMIS must be signed by an 

Authorized Representative. An 

Authorized Representative is an 

employee or officer and has the 

authority to legally bind and make 

representations on behalf of the 

Applicant; consultants working on 

behalf of the Applicant cannot be 

designated as Authorized 

Representatives. The Applicant may 

include consultants as Application 

point(s) of contact, who will be 

included on any communication 

regarding the Application and will be 

able to submit the Application but 

cannot sign the Application. The 

Authorized Representative and/or 

Application point(s) of contact must be 

included as ‘‘Contacts’’ in the 

Applicant’s AMIS account. The 

Authorized Representative must also be 

a ‘‘user’’ in AMIS. An Applicant that 

fails to properly register and update its 

AMIS account may miss important 

communications from the CDFI Fund or 

fail to submit an Application 

successfully. Only an Authorized 

Representative for the organization or an 

Application point of contact can submit 

the Application in AMIS. After 

submitting its Application, the 

Applicant will not be permitted to 

revise or modify its Application in any 

way or attempt to negotiate the terms of 

an Award. 

3. Multiple Application Submissions: 

Applicants are only permitted to submit 

one complete Application. However, the 

CDFI Fund does not administer 

Grants.gov, which does allow for 

multiple submissions of the SF–424. If 

an Applicant submits multiple SF–424 

Applications in Grants.gov, the CDFI 

Fund will only review the SF–424 

Application submitted in Grants.gov 

that is attached to the AMIS 

Application. Applicants can only 

submit one Application through AMIS. 

4. Late Submission or AMIS Account 

Creation: The CDFI Fund will not 

accept an SF–424 submitted after the 

applicable Grants.gov, an AMIS 

Application submitted after the AMIS 

Application deadline, or an Application 

from an Applicant that failed to create 

an AMIS account by the deadlines 

specified in table 1 and table 8, or if an 

Applicant* did not submit the required 

Title VI Compliance Worksheet by the 

Application deadline listed in table 1 

and table 8, except where the 

submission delay was a direct result of 

a federal government administrative or 

federal government technological error. 

This exception includes any errors 

associated with Grants.gov, SAM.gov, 

AMIS, or any other applicable 

government system. In cases that are not 

the direct result of a federal government 

administrative or federal government 

technological error, the CDFI Fund will 

not review any material submitted, and 

the Application will be deemed 

ineligible. 

However, in cases where a federal 

government administrative or 

technological error directly resulted in 

precluding an Applicant from 

submitting the SF–424, the Application, 

or creating an AMIS account, or 

precluding an Applicant* from 

submitting the Title VI Compliance 

Worksheet by the deadlines stated in 

this NOFA, Applicants are provided the 

opportunity to submit a written request 

for acceptance of late submissions. The 

CDFI Fund will not consider the late 

submission of the SF–424, the 

Application, the Title VI Compliance 

worksheet, or the late creation of an 

AMIS account that was a direct result of 

a delay in a federal government process, 

unless such delay was the result of a 

federal government administrative or 

technological error. 

(a) Creation of AMIS Account: In 

cases where a federal government 

administrative or technological error 

directly precluded an Applicant from 

creating an AMIS account by the 

required deadline, the Applicant must 

submit a written request for approval to 

create its AMIS account after the 

deadline, and include documentation of 

the error, no later than two business 

days after the AMIS account creation 

deadline. The CDFI Fund will not 

respond to requests for creating an 

AMIS account after that time. 

Applicants* must submit such request 

via an AMIS Service Request with a 

subject line of ‘‘SDL Program—AMIS 

Account Creation Deadline Extension 

Request.’’ 

(b) 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 period. 

Applicants must submit late SF–424 

submission requests to the CDFI Fund 

via an AMIS service request to the SDL 

Program with a subject line of ‘‘SDL 

Program—Late SF–424 Submission 

Request.’’ 

(c) Title VI Compliance Worksheet 

Late Submission: In cases where a 

federal government administrative or 

technological error directly precluded 

an Applicant * from submitting the Title 

VI Compliance Worksheet by the 

required deadline, the Applicant must 

submit a written request for approval to 


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* This requirement also applies to Applicant’s 

prospective sub-recipients that are not direct 

beneficiaries of federal finanacial assisntance (e.g.,) 

Depository Institutions Holding Company and their 

Subsidiary Depository Institutions). 

submit the Worksheet after the deadline, 

and include documentation of the error, 

no later than two business days after the 

Title VI Compliance Worksheet 

submission deadline. The CDFI Fund 

will not respond to requests for 

submitting a Title VI Compliance 

Worksheet after that time. Applicants * 

must submit such request via an AMIS 

Service Request to the SDL Program 

with a subject line of ‘‘SDL Program— 

Title VI Compliance Worksheet 

Deadline Extension Request.’’ 

(d) 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 

CDFI Fund will not respond to requests 

for acceptance of late AMIS Application 

submissions after that time period. 

Applicants must submit late 

Application submission requests to the 

CDFI Fund via an AMIS service request 

to the SDL Program with a subject line 

of ‘‘SDL Program—Late Application 

Submission Request.’’ 

5. Intergovernmental Review: Not 

Applicable. 

6. Funding Restrictions: SDL Program 

Awards are limited by the following: 

(a) A Recipient shall use SDL Program 

Award funds only for the eligible 

activities set forth in the Application 

and as described in Section II.B and 

Section II.D of this NOFA and its 

Assistance Agreement. 

(b) A Recipient may not disburse SDL 

Program Award funds to an Affiliate, 

Subsidiary, or any other entity in any 

manner that would create a 

Subrecipient relationship (as defined in 

the Uniform Requirements) without the 

CDFI Fund’s prior written approval. 

(c) SDL Program Award dollars shall 

only be paid to the Recipient. 

(d) The CDFI Fund, in its sole 

discretion, may pay SDL Program 

Awards in amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

However, the CDFI Fund will not grant 

an Award in excess of the amount 

requested by the Applicant. 

V. Application Review Information 

A. Criteria: All complete and eligible 

Applications will be reviewed in 

accordance with the criteria and 

procedures described in this NOFA, the 

Application guidance, and the Uniform 

Requirements. As part of the review 

process, the CDFI Fund reserves the 

right to contact the Applicant by 

telephone, email, mail, or through an 

on-site visit for the sole purpose of 

clarifying or confirming Application 

information at any point during the 

review process. The CDFI Fund reserves 

the right to collect such additional 

information from Applicants as it deems 

appropriate. If contacted, the Applicant 

must respond within the time period 

communicated by the CDFI Fund or its 

Application may be rejected. The CDFI 

Fund will review the SDL Program 

Applications in accordance with the 

process below. All CDFI Fund reviewers 

will complete the CDFI Fund’s conflict 

of interest process. 

B. Review and Selection Process: 

The CDFI Fund will evaluate each 

complete and eligible Application using 

the multi-phase review process 

described in this Section. Where 

appropriate, the CDFI Fund will use 

different criteria in order to evaluate the 

financial health, capacity, and strategies 

of the Applications based on the 

proposed use(s) of the SDL Program 

Award. These differences are noted in 

the following sections and the 

Application Instructions. Applicants 

that meet the minimum criteria will 

advance to the next step in the review 

process. 

1. Eligibility Review: The CDFI Fund 

will evaluate each Application to 

determine its eligibility status pursuant 

to Section III of this NOFA. 

2. Financial Analysis and Compliance 

Risk Evaluation: 

i. 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 5, each Regulated 

Institution SDL Program Applicant must 

have a CAMELS/CAMEL rating of a ‘‘1’’, 

‘‘2’’, or ‘‘3’’, and no material concerns 

from its regulator. 

For non-regulated Applicants, the 

CDFI Fund will evaluate the financial 

health and viability of each nonregulated Applicant using the 

Application Assessment Tool and the 

financial information provided by the 

Applicant. For the Financial Analysis, 

each non-regulated Applicant will 

receive a Total Financial Composite 

Score on a scale of one (1) to five (5), 

with one (1) being the highest rating. 

The Total Financial Composite Score is 

based on the analysis of twenty-three 

(23) financial indicators. Applications 

will be grouped based on the Total 

Financial Composite Score. Applicants 

must receive a Total Financial 

Composite Score of one (1), two (2), or 

three (3) to advance to the Business 

Strategy and Community Impact Review 

phase. CDFI Fund staff will review and 

confirm the scores for Applications that 

receive an initial Total Financial 

Composite Score of four (4) or five (5). 

If the Total Financial Composite Score 

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

Fund staff review, the Applicant will 

not advance to the Business Strategy 

and Community Impact Review phase 

and will not receive further 

consideration for an Award. 

ii. 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 Applicant’s PG&Ms 

for all CDFI Fund awards. 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. CDFI Fund staff will 

review and confirm the scores for 

Applications that receive an initial Total 

Compliance Composite Score of four (4) 

or five (5). If the Applicant is deemed 

a high compliance risk after CDFI Fund 

Staff review, the Applicant will not 

advance to the Business Strategy and 

Community Impact Review phase and 

will not receive further consideration 

for an award. 

3. Business Strategy and Community 

Impact Review: Applicants that proceed 

to this phase will be evaluated on the 

soundness of their proposed business 

strategy and community impact. 

Applicants will receive a Total Business 

Strategy and Community Impact Review 

Score equivalent to ‘‘Low Risk’’, 

‘‘Medium Risk’’ or ‘‘High Risk.’’ 

Applicants must receive a Total 

Business Strategy and Community 

Impact Review Score that is equivalent 

to a ‘‘Low Risk’’ or ‘‘Medium Risk’’ to 

move forward to the Final Award 

Decision and Award Amount 

Determination Stage. Applicants that 

receive an overall rating of ‘‘High Risk’’ 

in this Review will not move forward to 

the Final Award Decision and Award 

Amount Determination Stage and will 

not receive further consideration for an 

SDL Program Award. 

In the Business Strategy and 

Community Impact section, the CDFI 

Fund will review and evaluate: (i) the 

needs of communities and persons in 

the areas the Applicant proposes to 

serve with an SDL Program Award and 

the extent to which the proposed 

strategy addresses these needs; (ii) the 


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small dollar lending and financing gaps 

addressed by its business strategy; (iii) 

the projected SDL Program activities 

and track record; (iv) the role the SDL 

Program Award plays in its financing 

strategy and the expected community 

impact that will be sought as a result of 

the proposed program. Expected 

community impacts may include 

improved financial strength and 

stability for low-income and 

underserved people and/or improved 

borrower delinquency rate and/or 

improved credit history and credit 

scores and/or access to mainstream 

financial products and expanded 

activity in other credit facilities (e.g., 

borrower received an auto loan) and/or 

continued access to financial education, 

including credit counseling and/or help 

to create or preserve savings and/or help 

borrowers consolidate or reduce debt at 

a lower cost. 

A. For the Applicant requesting an 

Award for LLR, the Applicant will 

discuss how the LLR will be used to 

launch a small dollar loan program or 

increase the volume of its existing small 

dollar program that meets the statutory 

and other requirements described in this 

NOFA. The Applicant will also describe 

its strategy and structure of the LLR 

account. Further, the Applicant will 

discuss the anticipated loss rate that 

these reserves will cover and how this 

was estimated. 

b. For the Applicant applying for a TA 

Award, the Applicant will describe the 

strategy for how a TA Award will be 

used to launch a small dollar loan 

program or increase the volume of its 

existing small dollar program that meets 

the statutory and other requirements 

described in this NOFA. The Applicant 

will include information about intended 

uses, such as: technology support, 

including software and peripherals and/ 

or staff support, including salary and 

training and/or credit monitoring and 

reporting capability and/or marketing or 

promotional support and/or fees for 

consultants and/or audit or oversight 

costs. 

Within the Business and Community 

Impact Strategy Section, an Applicant 

will generally be deemed a lower risk to 

the extent that it: (i) clearly aligns its 

proposed SDL Program Award activities 

and products with the small dollar 

needs and financing gaps it identifies; 

(ii) demonstrates that its strategy and 

activities will result in more favorable 

financing rates and terms for borrowers; 

(iii) demonstrates that its projected 

activities are achievable based on the 

Applicant’s strategy and track record 

and demonstrates an increase in its 

small dollar lending; (iv) describes a 

clear process for selecting borrowers 

that have a clear need for its small 

dollar loan program financing; and (v) 

has a credible pipeline of borrowers. An 

Applicant will generally score more 

favorably to the extent it has a volume 

of projected activities supported by its 

track record. An Applicant will also 

score favorably if its small dollar loan 

program offers one or more of the 

following lending practices and loan 

characteristics that promote affordable 

and responsible small dollar lending 

and clearly address the identified 

financing gaps: the loan term is at least 

ninety (90) days, and/or it considers the 

borrower’s ability to repay by assessing 

both the borrower’s income and 

expenses (i.e., base lending on a 

borrower’s ability to repay according to 

the terms of the loan, while meeting 

other expenses, without needing to 

refinance/re-borrow, and without 

relying on collateral), and/or loan 

decisions are made within one business 

day (twenty-four (24) hours) after 

receipt of required documents, and/or 

the borrower receives a reduction in its 

loan rate if s/he uses automatic debit 

payments, and/or the Applicant’s small 

dollar loan program offers automatic 

savings features, and/or the Applicant 

offers access to financial education, 

including credit counseling. 

4. Final Award Decision and Award 

Amount Determination: 

During this last phase, the CDFI Fund 

will review all SDL Program 

Applications that make it to this step to 

ensure adherence with the SDL 

Program’s policies and procedures, as 

well as applicable federal regulations. 

The CDFI Fund will also review the 

Applicant’s management team and key 

staff, compliance status, eligibility, due 

diligence, and regulatory matters. This 

due diligence includes an analysis of 

programmatic and financial risk factors 

including, but not limited to, financial 

stability, history of performance in 

managing federal awards (including 

timeliness of reporting and compliance), 

audit or regulator findings, and the 

Applicant’s ability to effectively 

implement federal requirements. For 

Applicants applying for awards to 

establish a small dollar loan program, 

the CDFI Fund will also consider the 

Applicant’s ability to start a new small 

dollar loan program. If an Applicant is 

found to be a significant risk as a result 

of the due diligence review, the CDFI 

Fund may eliminate the Applicant from 

consideration for an SDL Program 

Award. 

The CDFI Fund will determine award 

amounts for Applications based on the 

due diligence performed, the 

Applicant’s requested amount, and 

certain other factors, including but not 

limited to, the Applicant’s three-year 

projected total small dollar loans to be 

closed, minimum award size, 

Applicants that offer one or more of the 

preferred lending practices and loan 

characteristics stated in this NOFA that 

promotes affordable and responsible 

small dollar lending, Applicants 

headquartered in PPCs (as stated in the 

Applicant’s Application), an 

Applicant’s risk rating level, and 

funding availability. Award amounts 

may be reduced from the requested 

award amount as a result of the above 

factors. 

5. 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. 

6. Non-Regulated Institutions: The 

CDFI Fund must ensure, to the 

maximum extent practicable, that 

Applicants 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. 

C. Anticipated Award Announcement: 

The CDFI Fund anticipates making the 

SDL Program Award announcement 

before September 30, 2024. However, 

the anticipated award announcement 

date is subject to change without notice. 

D. 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 


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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 

notification from the CDFI Fund stating 

that its Application has been approved 

for an Award. Each Applicant not 

selected for an Award will receive 

notification and be provided a 

debriefing document in its AMIS 

account. 

B. Administrative and Policy 

Requirements Prior to Entering into an 

Assistance Agreement: The CDFI Fund 

may, in its discretion and without 

advance notice to the Recipient, 

terminate the Award or take other 

actions as it deems appropriate if, prior 

to entering into an Assistance 

Agreement, information (including an 

administrative error) comes to the CDFI 

Fund’s attention that adversely affects 

the Recipient’s eligibility for an Award; 

adversely affects the CDFI Fund’s 

evaluation of the Application; adversely 

affects the Recipient’s compliance with 

any requirement listed in the Uniform 

Requirements; or indicates fraud or 

mismanagement on the Recipient’s part, 

including mismanagement of another 

federal award. 

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 an 

Authorized Representative of the 

Recipient, and/or provide the CDFI 

Fund with any other requested 

documentation, within the CDFI Fund’s 

deadlines. 

If the Recipient, through merger or 

similar transaction, ceases to exist as a 

legal entity, the CDFI Fund may 

terminate and rescind the Assistance 

Agreement and the Award made under 

this NOFA. 

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 for any criteria described in 

table 9: 

TABLE 9—REQUIREMENTS PRIOR TO EXECUTING AN ASSISTANCE AGREEMENT

Requirement Criteria 

Failure to meet reporting requirements .............. • If a Recipient received a prior award or allocation under any CDFI Fund program and is not 

current on the reporting requirements set forth in the previously executed assistance, award, 

allocation, bond loan agreement(s), or agreement to guarantee, as of the date of the notice 

of award, the CDFI Fund reserves the right, in its sole discretion, to delay entering into an 

Assistance Agreement and/or to delay making a payment of SDL Program Award, until said 

prior Recipient or allocatee is current on the reporting requirements in the previously executed assistance, award, allocation, bond loan agreement(s), or agreement to guarantee. 

• If such a prior Recipient or allocatee is unable to meet this requirement within the timeframe 

set by the CDFI Fund, the CDFI Fund reserves the right, in its sole discretion, to terminate 

and rescind the notice of award and the SDL Program Award made under this NOFA. 

• Please note that automated systems employed by the CDFI Fund for receipt of reports submitted electronically typically acknowledge only a report’s receipt; such acknowledgment 

does not warrant that the report received was complete, nor that it met reporting requirements. 

Failure to maintain CDFI Certification (if applicable).• A Recipient must be a Certified CDFI as is defined in the SDL Program Application and this 

NOFA, prior to entering into an Assistance Agreement. 

• If, at any time prior to entering into an Assistance Agreement under this NOFA, a Recipient 

that is a Certified CDFI has submitted reports (or failed to submit an annual certification report as instructed by the CDFI Fund) to the CDFI Fund that demonstrate noncompliance 

with the requirements for certification, but the CDFI Fund has yet to make a final determination regarding whether or not the entity is Certified, the CDFI Fund reserves the right, in its 

sole discretion, to delay entering into an Assistance Agreement and/or to delay making a 

Payment of SDL Program Award, pending full resolution, in the sole determination of the 

CDFI Fund, of the noncompliance. 

• If the Recipient is unable to satisfactorily resolve the compliance issues, in the sole determination of the CDFI Fund, the CDFI Fund reserves the right, in its sole discretion, to terminate and rescind the notice of award and the SDL Program Award made under this NOFA. 

Pending resolution of noncompliance ................ • The CDFI Fund will delay entering into an Assistance Agreement with a prior Recipient or 

allocatee that has pending noncompliance or default issues with any of its previously executed CDFI Fund award(s), allocation(s), bond loan agreement(s), or agreement(s) to guarantee. 

• If said prior Recipient or allocatee is unable satisfactorily resolve the compliance issues, the 

CDFI Fund reserves the right, in its sole discretion, to terminate and rescind the notice of 

award and the SDL Program Award made under this NOFA. 


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TABLE 9—REQUIREMENTS PRIOR TO EXECUTING AN ASSISTANCE AGREEMENT—Continued 

Requirement Criteria 

Default or Noncompliance status ....................... • If, at any time prior to entering into an Assistance Agreement, the CDFI Fund determines 

that a Recipient (or an Affiliate of the Recipient) that is a prior CDFI Fund Recipient or 

allocatee under any CDFI Fund program is noncompliant or found in default with any previously executed CDFI Fund award or Assistance 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, in its sole discretion, delay entering into an Assistance Agreement with Recipient until 

the Recipient has cured the noncompliance or default by taking actions the CDFI Fund has 

specified in writing within such specified timeframe. If the prior Recipient or allocatee is unable to cure the noncompliance or default within the specified timeframe, the CDFI Fund 

may modify or rescind all or a portion of the SDL Program Award made under this NOFA. 

Compliance with federal civil rights requirements.• If, within the period starting three years prior to this NOFA and through the date of the Assistance Agreement, the Recipient received a final determination, in any proceeding instituted against the Recipient in, by, or before any court, governmental, or administrative body 

or agency, declaring that the Recipient violated any federal civil rights laws or regulations, 

including: Title VI of the Civil Rights Act of 1964, as amended (42 U.S.C. 2000d et seq.); 

Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794); and the Age Discrimination 

Act of 1975 (42 U.S.C. 6101–6107), the CDFI Fund may terminate and rescind the Assistance Agreement and the Award made under this NOFA. The CDFI Fund will delay entering 

into an Assistance Agreement with a Recipient that has pending Title VI noncompliance 

issues, if the CDFI Fund has not yet made a final compliance determination. 

• If the Recipient is unable to satisfactorily resolve the Title VI noncompliance issues, the 

CDFI Fund may terminate and rescind the Assistance Agreement and the award made 

under this NOFA. 

• The Title VI Compliance Worksheet and program award terms and conditions do not impose 

antidiscrimination requirements on Tribal governments beyond what would otherwise apply 

under federal law. 

Do Not Pay ......................................................... • 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. 

• 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. 

Safety and soundness ........................................ • If it is determined that the Recipient is or will be incapable of meeting its SDL Program 

Award obligations, the CDFI Fund will deem the Recipient to be ineligible or require it to improve safety and soundness conditions prior to entering into an Assistance Agreement. 

C. Assistance Agreement: Each 

Applicant that is selected to receive an 

award under this NOFA must enter into 

an Assistance Agreement with the CDFI 

Fund in order to become a Recipient 

and receive Payment. Each SDL Program 

Assistance Agreement has a three-year 

Period of Performance. 

1. The Assistance Agreement will set 

forth certain required terms and 

conditions of the SDL Program Award, 

which will include, but not be limited 

to: 

(a) The amount of the Award; 

(b) The approved uses of the Award; 

(c) Performance goals and measures; 

and 

(d) Reporting requirements for all 

Recipients. 

2. Prior to executing the Assistance 

Agreement, the CDFI Fund may, in its 

discretion, allow Recipients to request 

changes to certain performance goals 

and measures. The CDFI Fund, in its 

sole determination, may approve or 

reject these requested changes or 

propose other modifications, including 

a reduction in the Award amount. The 

CDFI Fund will only approve 

performance goals and measures if it 

determines that such requested changes 

do not undermine the competitive 

process upon which the SDL Program 

Award determination was made. Any 

modifications agreed upon prior to the 

execution of the Assistance Agreement 

will become a condition of the Award. 

3. If the Recipient fails to comply 

substantially with the Assistance 

Agreement, the CDFI Fund may take 

actions including, but not limited to, the 

following: 

(a) require changes in the Recipient’s 

Performance Goals; 

(b) revoke approval of the Recipient’s 

Application; 

(c) revoke approval of any other 

applications submitted to the CDFI 

Fund by the Recipient under any of the 

CDFI Fund’s programs, and declare such 

applications to be ineligible; 

(d) reduce or terminate the SDL 

Program Assistance authorized 

hereunder; 

(e) require repayment of any SDL 

Program Assistance that has been paid 

to the Recipient pursuant thereto; 

(f) render the Recipient ineligible to 

apply for additional awards from the 

CDFI Fund through future funding 

rounds; 

(g) require the Recipient to convene a 

meeting(s) of its board of directors at 

which meeting(s) the CDFI Fund will be 

given the opportunity to address the 

attendees with respect to the CDFI 

Fund’s evaluations and concerns 

regarding the performance of the 

Recipient under the Assistance 

Agreement; or 

(h) take such other actions as the CDFI 

Fund deems appropriate including, but 

not limited to, termination of CDFI 

Certification. 

4. In addition to entering into an 

Assistance Agreement, each Applicant 

selected to receive an SDL Program 

Award must furnish to the CDFI Fund 

a certificate of good standing from the 

jurisdiction in which it was formed. The 

CDFI Fund may, in its sole discretion, 

also require the Applicant to furnish an 

opinion from its legal counsel, the 

content of which may be further 

specified in the Assistance Agreement, 

and which, among other matters, opines 

that: 

(a) The Recipient is duly formed and 

in good standing in the jurisdiction in 


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Federal Register / Vol. 88, No. 205 / Wednesday, October 25, 2023 / Notices 73413 

which it was formed and the 

jurisdiction(s) in which it transacts 

business; 

(b) The Recipient has the authority to 

enter into the Assistance Agreement and 

undertake the activities that are 

specified therein; 

(c) The Recipient has no pending or 

threatened litigation that would 

materially affect its ability to enter into 

and carry out the activities specified in 

the Assistance Agreement; 

(d) The Recipient is not in default of 

its articles of incorporation or 

formation, bylaws or operating 

agreements, other organizational or 

establishing documents, or any 

agreements with the federal 

government; and 

D. 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 SDL Program Application has 

been assigned the following control 

number: 1559–0036. 

E. Reporting: The CDFI Fund will 

require each Recipient that receives an 

SDL Program Award through this NOFA 

to account for and report to the CDFI 

Fund on the use of the SDL Program 

Award. This will require Recipients to 

establish administrative controls, 

subject to the Uniform Requirements 

and other applicable OMB guidance. 

The CDFI Fund will collect information 

from each such Recipient on its use of 

the SDL Program Award annually 

following Payment and more often if 

deemed appropriate by the CDFI Fund 

in its sole discretion. The CDFI Fund 

will provide guidance to Recipients 

outlining the format and content of the 

information required to be provided to 

describe how the funds were used. 

The CDFI Fund may collect 

information from each Recipient 

including, but not limited to, an annual 

report with the components listed in 

table 10: 

TABLE 10—REPORTING REQUIREMENTS

Criteria Description 

Single Audit (if applicable) .................................. A non-profit Recipient must complete an annual Single Audit pursuant to the Uniform Requirements (2 CFR 200.500) if it expends $750,000 or more in federal awards in its fiscal year, 

or such other dollar threshold established by OMB pursuant to 2 CFR 200.501. 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. 

Financial Statement Audit ................................... For-profit and non-profit Recipients 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. 

Federal Financial Report/OMB Standard Form 

425.

Recipient must submit the SF–425 Federal Financial Report to disclose how much of the SDL 

Program Award funds were expended during the federal government’s fiscal year of October 

1 through September 30. 

Form of Submission: Recipient’s AMIS account. 

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 

SDL 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 SDL 

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 

SDL 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 SDL 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 homes and other 

properties in AMIS, Applicants should not include the following PII for the individuals who received the financial products or services in AMIS or 

in the supporting documentation: name of the individual, Social Security Number, driver’s license or state identification number, passport number, 

Alien Registration Number or other similarly identifying information. All PII should be redacted from all supporting documentation (if applicable). 

Each Recipient is responsible for the 

timely and complete submission of the 

applicable reporting requirements. The 

CDFI Fund will use such information to 

monitor each Recipient’s compliance 

with the requirements set forth in the 

Assistance Agreement and to assess the 

impact of the SDL Program. The CDFI 

Fund reserves the right, in its sole 

discretion, to modify these reporting 

requirements if it determines it to be 

appropriate and necessary; however, 

such reporting requirements will be 

modified only after notice to Recipients. 

F. 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 SDL Program Award. 

These systems must be sufficient to 

permit the preparation of reports 

required by general and program 

specific terms and conditions, including 

the tracing of funds to a level of 

expenditures adequate to establish that 

such funds have been used in 

accordance with the federal statutes, 

regulations, and the terms and 

conditions of the SDL Program Award 

and the Assistance Agreement. 

The cost principles used by 

Recipients must be consistent with 

federal cost principles; must support the 

accumulation of costs as required by the 

principles; and must provide for 

adequate documentation to support 


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73414 Federal Register / Vol. 88, No. 205 / Wednesday, October 25, 2023 / Notices 

costs charged to the SDL Program 

Award. In addition, the CDFI Fund will 

require Recipients to: maintain effective 

internal controls; comply with 

applicable statutes and regulations, the 

Assistance Agreement, and related 

guidance; evaluate and monitor 

compliance; take appropriate corrective 

action when not in compliance; and 

safeguard PII. 

VII. Agency Contacts 

A. Availability: The CDFI Fund will 

respond to questions and provide 

support concerning this NOFA and the 

Application between the hours of 9:00 

a.m. and 5:00 p.m. ET, starting on the 

date of the publication of this NOFA 

until the date and time specified in table 

1. The CDFI Fund will not respond to 

questions or provide support concerning 

this NOFA and the Application that are 

received after 5:00 p.m. ET on said date, 

until after the Application deadline. 

CDFI Fund IT support will be available 

until 5:00 p.m. ET on the date of the 

Application deadline specified in table 

1. Applications and other information 

regarding the CDFI Fund and its 

programs may be obtained from the 

CDFI Fund’s website at http://

www.cdfifund.gov/sdlp. The CDFI Fund 

will post on its website responses to 

questions of general applicability 

regarding the SDL Program. 

B. The CDFI Fund’s contact 

information is listed in Table 11: 

TABLE 11—CONTACT INFORMATION

Type of question Preferred method Telephone number 

(not toll free) Email addresses 

SDL Program ..................................................... Submit a Service Request in AMIS .................. 202–653–0421 sdlp@cdfi.treas.gov. 

CDFI Certification ............................................... Submit a Service Request in AMIS .................. 202–653–0423 ccme@cdfi.treas.gov. 

Compliance Monitoring and Evaluation ............. Submit a Service Request in AMIS .................. 202–653–0423 ccme@cdfi.treas.gov. 

Information Technology Support ........................ Submit a Service Request in AMIS .................. 202–653–0422 AMIS@cdfi.treas.gov. 

The preferred method of contact is to 

submit a Service Request within AMIS. 

For an SDL Program Application 

question, select ‘‘Small Dollar Loan 

Program’’ for the program. For a CDFI 

Certification question, select 

‘‘Certification.’’ For a Compliance 

question, select ‘‘Compliance & 

Reporting.’’ For Information 

Technology, select ‘‘Technical Issues.’’ 

Failure to select the appropriate 

program for the Service Request could 

result in delays in responding to your 

question. 

C. Communication with the CDFI 

Fund: The CDFI Fund will use AMIS to 

communicate with Applicants and 

Recipients, using the contact 

information maintained in their 

respective AMIS accounts. Therefore, 

the Recipient and any Subsidiaries, 

signatories, and Affiliates must maintain 

accurate contact information (including 

contact persons and Authorized 

Representatives, email addresses, fax 

numbers, phone numbers, and office 

addresses) in its AMIS account(s). For 

more information about AMIS please 

see the Help documents posted at 

https://amis.cdfifund.gov/s/Training. 

D. Civil Rights and Equal Employment 

Opportunity: 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 Equal Employment 

Opportunity 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 because of race, color, national origin, 

age, sex, disability and/or reprisal, s/he 

may file a complaint with: Director, 

Office of Civil Rights and Equal 

Employment Opportunity, 1500 

Pennsylvania Ave. NW, Washington, DC 

20230 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 to ensure that federal 

funding is expended and associated 

programs are implemented in full 

accordance with the U.S. Constitution, 

federal law, 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. Reasonable Accommodations: 

Requests for reasonable 

accommodations under section 504 of 

the Rehabilitation Act should be 

directed to Mr. Jay Santiago, 

Community Development Financial 

Institutions Fund, U.S. Department of 

the Treasury, at SantiagoJ@cdfi.treas.gov 

no later than 72 hours in advance of the 

Application deadline. 

B. 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. Pursuant to the Paperwork 

Reduction Act, the SDL Program 

funding Application has been assigned 

the following control number: 1559– 

0051. 

C. Application Information Sessions: 

The CDFI Fund may conduct webinars 

or host information sessions for 

organizations that are considering 

applying to, or are interested in learning 

about, the CDFI Fund’s programs. For 

further information, please visit the 

CDFI Fund’s website at https://

www.cdfifund.gov. 

(Authority: Pub. L. 111–203. 12 U.S.C. 4719, 

12 CFR part 1805, 12 CFR part 1815, 12 

U.S.C. 4502) 

Marcia Sigal, 

Acting Director, Community Development 

Financial Institutions Fund. 

[FR Doc. 2023–23503 Filed 10–24–23; 8:45 am] 

BILLING CODE 4810–05–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Notice of OFAC Sanctions Actions 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice 

SUMMARY: The Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing the names 

of one or more persons that have been 

placed on OFAC’s Specially Designated 

Nationals and Blocked Persons List 

based on OFAC’s determination that one 

or more applicable legal criteria were 

satisfied. All property and interests in 

property subject to U.S. jurisdiction of 

these persons are blocked, and U.S. 


lotter on DSK11XQN23PROD with NOTICES1