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1This requirement also applies to Applicants’ 

prospective sub-recipients that are not direct 

beneficiaries of Federal financial assistance (e.g., 

Depository Institution Holding Companies and their 

Subsidiary CDFI Insured Depository Institutions). 

2Service Request shall mean a written inquiry or 

notification submitted to the CDFI Fund via AMIS. 

C. Communication with the CDFI 

Fund: The CDFI Fund will use the 

contact information in AMIS to 

communicate with Applicants and 

Recipients. It is imperative, therefore, 

that Applicants, Recipients, 

Subsidiaries, Affiliates, and signatories 

maintain accurate contact information 

in their accounts. This includes 

information such as contact names 

(especially for the Authorized 

Representative), email addresses, fax 

and phone numbers, and office 

locations. 

D. Civil Rights and Equal Employment 

Opportunity: Any person who is eligible 

to receive benefits or services from the 

CDFI Fund or Recipients under any of 

its programs or activities 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 race, color, religion, national origin, 

age, sex, marital status, familial status, 

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. Paperwork Reduction Act: Under 

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

chapter 35), an agency may not conduct 

or sponsor a collection of information, 

and an individual is not required to 

respond to a collection of information, 

unless it displays a valid OMB control 

number. If applicable, the CDFI Fund 

may inform Applicants that they do not 

need to provide certain Application 

information otherwise required. 

Pursuant to the Paperwork Reduction 

Act, the CDFI Program, and NACA 

Program Application has been assigned 

the following control number: 1559– 

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

HFFI–FA. 

B. Application Information Sessions: 

The CDFI Fund may conduct webinars 

or host information sessions for 

organizations that are considering 

applying to, or are interested in learning 

about, the CDFI Fund’s programs. For 

further information, visit the CDFI 

Fund’s website at http://

www.cdfifund.gov. 

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

CFR parts 1805 and 1815; 2 CFR part 

200. 

Marcia Sigal, 

Acting Director, Community Development 

Financial Institutions Fund. 

[FR Doc. 2023–27138 Filed 12–8–23; 8:45 am] 

BILLING CODE 4810–05–P 

DEPARTMENT OF THE TREASURY 

Community Development Financial 

Institutions Fund 

Notice of Funds Availability 

Announcement Type: Announcement 

of funding opportunity. 

Funding Opportunity Title: Notice of 

Funds Availability (NOFA) inviting 

Applications for Financial Assistance 

(FA) or Technical Assistance (TA) 

awards under the Native American CDFI 

Assistance (NACA Program) fiscal year 

(FY) 2024 Funding Round. 

Funding Opportunity Number: CDFI– 

2024–NACA. 

Catalog of Federal Domestic 

Assistance (Cfda) Number: 21.012. 

Dates: 

TABLE 1—FY 2024 NACA PROGRAM FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS

Description Deadline Time 

(eastern time—ET) Submission method 

Last day to create an AMIS Account (all Applicants) ................. January 16, 2024 ......... 11:59 p.m. ET ............... AMIS. 

Last day to enter Employer Identification Number (EIN) and 

Unique Entity Identifier (UEI) in AMIS (all Applicants).

January 16, 2024 ......... 11:59 p.m. ET ............... AMIS. 

Last day to submit SF–424 Mandatory Form (Application for 

Federal Assistance).

January 16, 2024 ......... 11:59 p.m. ET ............... Electronically via Grants.gov. 

Last day to contact NACA Program staff .................................... February 13, 2024 ........ 5 p.m. ET ...................... Service Request via AMIS or CDFI Fund 

Helpdesk: 202–653–0421. 

Last day to contact AMIS–IT Help Desk (regarding AMIS technical problems only).February 15, 2024 ........ 5 p.m. ET ...................... Service Request via AMIS or 202–653–0422 

or AMIS@cdfi.treas.gov. 

Last day to submit Title VI Compliance Worksheet (all Applicants) 1.

February 15, 2024 ........ 11:59 p.m. ET ............... AMIS. 

Last day to submit NACA Program Application for Financial Assistance (FA) or Technical Assistance (TA).February 15, 2024 ........ 11:59 p.m. ET ............... AMIS. 

Last day to contact Certification, Compliance Monitoring and 

Evaluation (CCME) Help Desk regarding CDFI Certification 

Application for uncertified FA Applicants.

March 1, 2024 .............. 11:59 p.m. ET ............... Service Request2 via the Awards Management 

Information System (AMIS). 

Last day to submit CDFI Certification Applications for 

uncertified FA Applicants.

March 5, 2024 .............. 11:59 p.m. ET ............... AMIS. 

Executive Summary: Through the 

NACA Program, the Community 

Development Financial Institutions 

(CDFI) Fund provides (i) FA awards of 

up to $2 million to Certified Community 

Development Financial Institutions 

(CDFIs) serving Native American, 

Alaska Native, or Native Hawaiian 

populations or Native American areas 

defined as federally-designated 

reservations, Hawaiian homelands, 

Alaska Native Villages and U.S. Census 

Bureau-designated Tribal Statistical 

Areas (collectively, ‘‘Native 

Communities’’) to build their financial 

capacity to lend to Eligible Markets and/ 

or their Target Markets, and (ii) TA 

awards of up to $300,000 to build 

Certified, and Emerging CDFIs’ 

organizational capacity to serve Eligible 

Markets and/or their Target Markets, 

and Sponsoring Entities’ ability to create 

Certified CDFIs that serve Native 


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Communities. All awards provided 

through this NOFA are subject to 

funding availability. 

I. Program Description 

A. History: The CDFI Fund was 

established by the Riegle Community 

Development Banking and Financial 

Institutions Act of 1994 to promote 

economic revitalization and community 

development through investment in and 

assistance to CDFIs. The Native 

American CDFI Assistance (NACA) 

Program made its first awards in 2002, 

after the CDFI Program began making 

awards in 1996. 

B. Priorities: Through the NACA 

Program’s FA and TA awards, the CDFI 

Fund invests in and builds the capacity 

of for-profit and non-profit community 

based lending organizations known as 

CDFIs. These organizations, Certified as 

CDFIs by the CDFI Fund, serve Native 

Communities. C. Authorizing Statutes 

and Regulations: The CDFI Program is 

authorized by the Riegle Community 

Development Banking and Financial 

Institutions Act of 1994 (Pub. L. 103– 

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

Statute). The regulations governing the 

NACA Program are found at 12 CFR 

parts 1805 and 1815 (the Regulations) 

and are used by the CDFI Fund to 

govern, in general, the NACA Program, 

setting forth evaluation criteria and 

other program requirements. The CDFI 

Fund encourages Applicants to review 

the Regulations; this NOFA; the NACA 

Program Application for Financial 

Assistance or Technical Assistance (the 

Application); all related materials and 

guidance documents found on the CDFI 

Fund’s website (Application materials); 

and the Uniform Administrative 

Requirements, Cost Principles, and 

Audit Requirements for Federal Awards 

(2 CFR part 1000), which is the 

Department of the Treasury’s 

codification of the Office of 

Management and Budget (OMB) 

government-wide framework for grants 

management at 2 CFR part 200 (the 

Uniform Requirements) for a complete 

understanding of the NACA Program. 

Capitalized terms in this NOFA are 

defined in the Authorizing Statute, the 

Regulations, this NOFA, the 

Application, Application materials, or 

the Uniform Requirements. Details 

regarding Application content 

requirements are found in the 

Application and Application materials. 

D. Uniform Administrative 

Requirements, Cost Principles, and 

Audit Requirements for Federal Awards 

(2 CFR part 1000): The Uniform 

Requirements codify financial, 

administrative, procurement, and 

program management standards that 

Federal award agencies must follow. 

When evaluating Applications, 

awarding agencies must evaluate the 

risks posed by each Applicant, and each 

Applicant’s merits and eligibility. These 

requirements are designed to ensure that 

Applicants for Federal assistance 

receive a fair and consistent review 

prior to an award decision. This review 

will assess items such as the Applicant’s 

financial stability, quality of 

management systems, the soundness of 

its business plan, history of 

performance, ability to achieve 

measurable impacts through its 

products and services, and audit 

findings. In addition, the Uniform 

Requirements include guidance on audit 

requirements and other award 

compliance requirements for Recipients. 

E. Funding limitations: The CDFI 

Fund reserves the right to fund, in 

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

Applications submitted in response to 

this NOFA. The CDFI Fund also 

reserves the right to reallocate funds 

from the amount that is anticipated to 

be available through this NOFA to other 

CDFI Fund initiatives that are designed 

to benefit Native Communities, 

particularly if the CDFI Fund 

determines that the number of awards 

made through this NOFA is fewer than 

projected. 

II. Federal Award Information 

A. Funding Availability: 

1. FY 2024 Funding Round: Subject to 

final appropriations, the CDFI Fund 

expects to award, through this NOFA, 

approximately $50 million as indicated 

in the following table: 

TABLE 2—FY 2024 FUNDING ROUND ANTICIPATED CATEGORY AMOUNTS

Funding categories 

(see definition in Table 7 for TA or Table 8 for FA) 

Estimated 

total 

amount to be 

awarded 

(millions) 

FY 2024 

Award amount 

Estimated 

number 

of awards 

FY 2024 

Estimated 

average 

amount 

to be 

awarded 

FY 2024 

Average 

amount 

awarded in 

FY 2022 Minimum Maximum 

Base-FA .................................................................................... $36.5 $150,000 $2,000,000 20 $1,826,000 $900,000 

Persistent Poverty Counties—Financial Assistance (PPC–FA) 6.3 100,000 600,000 11 571,000 280,000 

TA .............................................................................................. 7.2 10,000 400,000 18 400,000 150,000 

Total (Base-FA, PPC–FA, and TA) ................................... 50.0 ........................ ........................ 49 ........................ ........................

Disability Funds—Financial Assistance (DF–FA) * ................... 20.0 100,000 1,000,000 20 1,000,000 500,000 

Healthy Food Financing Initiative—Financial Assistance 

(HFFI–FA) * ............................................................................ 48.0 500,000 10,000,000 10 4,800,000 2,875,000 

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

The CDFI Fund reserves the right to 

award more or less than the amounts 

cited above in each category, based 

upon available funding and other 

factors, as appropriate. 

2. Funding Availability for the FY 

2024 Funding Round: Funds for the FY 

2024 Funding Round are a combination 

of appropriations from FY 2023 and FY 

2024. FY 2023 funds were appropriated 

as part of the Consolidated 

Appropriations Act, 2023 (Pub. L. 117– 

328), but FY 2024 funds are subject to 

change based on passage of a final FY 

2024 appropriations bill. If Congress 

does not appropriate funds for FY 2024, 

the award estimates set forth above may 

be reduced. If funds are appropriated for 

FY 2024, the amount of such funds may 

be greater or less than the amounts set 

forth above. The CDFI Fund reserves the 

right to contact Applicants to seek 

additional information in the event that 

final FY 2024 appropriations for the 

NACA Program change any of the 

requirements of this NOFA. As of the 

date of this NOFA, the CDFI Fund is 

operating under a continuing funding 

resolution as enacted by the Further 

Continuing Appropriations and Other 

Extensions Act, 2024 (Pub. L. 118–22). 

3. Anticipated Start Date and Period 

of Performance: The Period of 

Performance for TA awards begins with 

the date of the award announcement 

and includes either (i) an Emerging 

CDFI Recipient’s three full consecutive 

fiscal years after the date of the award 

announcement, or (ii) a Certified CDFI 


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3Matching Funds shall mean funds from sources 

other than the federal government as defined in 

accordance with the CDFI Program Regulations at 

12 CFR 1805.500. 

4A Native American CDFI (Native CDFI) is one 

that Primarily Serves a Native Community. 

Primarily Serves is defined as 50% or more of an 

Applicant’s activities being directed to a Native 

Community. 

5Although some financial education for youth 

under 18 years old do not fall under the definition 

of Development Services and thus is not eligible to 

support Certification, the CDFI Fund allows FA 

award funds to be used to provide such financial 

education. Financial education for youth means 

education designed to prepare youth to engage with 

the financial system. This includes accessing 

Financial Products when they are legally able to 

and accessing Financial Services offered by the 

Applicant or a third party. 

6Budget Period means the time interval from the 

start date of a funded portion of an award to the 

end date of that funded portion during which 

Recipients are authorized to expend the funds 

awarded. 

Recipient’s two full consecutive fiscal 

years after the date of the award 

announcement, or (iii) a Sponsoring 

Entity Recipient’s four full years after 

the date of the award announcement, 

during which the Recipient must meet 

the Performance Goals and Measures 

(PG&Ms) set forth in the Assistance 

Agreement. The Period of Performance 

for FA awards begins with the date of 

the award announcement and includes 

a Recipient’s three full consecutive 

fiscal years after the date of the award 

announcement, during which time the 

Recipient must meet the PG&Ms set 

forth in the Assistance Agreement. 

B. Types of Awards: Through the 

NACA Program, the CDFI Fund 

provides two types of awards: Financial 

Assistance (FA) and Technical 

Assistance (TA) awards. An Applicant 

may submit an Application for a TA 

award or an FA award under the NACA 

Program, but not both. FA awards 

include the Base Financial Assistance 

(Base-FA) award and the following 

awards that are provided as a 

supplement to the Base-FA award: 

Healthy Food Financing InitiativeFinancial Assistance (HFFI–FA), 

Persistent Poverty Counties-Financial 

Assistance (PPC–FA), and Disability 

Funds-Financial Assistance (DF–FA). 

The HFFI–FA, PPC–FA, and DF–FA 

Applications will be evaluated 

independently from the Base-FA 

Application, and will not affect the 

Base-FA Application evaluation or BaseFA award amount. 

However, Applicants that qualify for 

the NACA Program may submit two 

Applications: one Application (either 

for a TA award or an FA award, but not 

both) through the CDFI Program, and 

one Application (either for a TA award 

or an FA award, but not both) through 

the NACA Program. NACA qualified 

Applicants that choose to apply for 

awards through both the CDFI Program 

and the NACA Program may either 

apply for the same type of award under 

each Program or for a different type of 

award under each Program. NACA 

qualified FA Applicants that choose to 

apply for an FA award under both the 

NACA Program and CDFI Program and 

are selected for an award under both 

Programs will be provided the FA award 

under the CDFI Program. NACA 

qualified TA Applicants that choose to 

apply for a TA award under both the 

NACA Program and CDFI Program and 

are selected for an award under both 

Programs will be provided the TA 

award under the NACA Program. NACA 

qualified Applicants that choose to 

apply for a TA award and an FA award 

under separate programs and are 

selected for an award under both 

Programs will be provided the larger of 

the two awards. NACA Applicants 

cannot receive an award under both 

Programs within the same funding 

round. 

The Indian Community Economic 

Enhancement Act of 2020 (Pub. L. 116– 

261) permanently waived the Matching 

Funds 3 requirement for Native 

American CDFIs,4 and as a result, 

Native American CDFI FA Applicants 

are not required to provide Matching 

Funds. Additionally, TA Applicants are 

not required to provide Matching 

Funds. 

1. Base-FA Awards: Base-FA awards 

are provided in the form of a grant. The 

CDFI Fund reserves the right, in its sole 

discretion, to provide a Base-FA award 

in an amount other than that which the 

Applicant requests; however, the award 

amount will not exceed the Applicant’s 

award request as stated in its 

Application. 

2. Persistent Poverty Counties— 

Financial Assistance (PPC–FA) Awards: 

PPC–FA awards will be provided as a 

supplement to Base-FA awards; 

therefore, only those Applicants that are 

selected to receive a Base-FA award 

through the NACA Program FY 2024 

Funding Round will be eligible to 

receive a PPC–FA award. PPC–FA 

awards are provided in the form of a 

grant. The CDFI Fund reserves the right, 

in its sole discretion, to provide a PPC– 

FA award in an amount other than that 

which the Applicant requests; however, 

the award amount will not exceed the 

Applicant’s award request as stated in 

its Application. 

3. Disability Funds—Financial 

Assistance (DF–FA) Awards: DF–FA 

awards will be provided as a 

supplement to Base-FA awards; 

therefore, only those Applicants that 

have been selected to receive a Base-FA 

award through the NACA Program FY 

2024 Funding Round will be eligible to 

receive a DF–FA award. DF–FA awards 

are provided in the form of a grant to 

Native American CDFIs. The CDFI Fund 

reserves the right, in its sole discretion, 

to provide a DF–FA award in an amount 

other than that which the Applicant 

requests; however, the award amount 

will not exceed the Applicant’s award 

request as stated in its Application. 

4. Healthy Food Financing Initiative— 

Financial Assistance (HFFI–FA) 

Awards: HFFI–FA awards will be 

provided as a supplement to Base-FA 

awards; therefore, only those Applicants 

that have been selected to receive a 

Base-FA award through the NACA 

Program FY 2024 Funding Round will 

be eligible to receive an HFFI–FA 

award. HFFI–FA awards are provided in 

the form of a grant to Native American 

CDFIs. The CDFI Fund reserves the 

right, in its sole discretion, to provide 

an HFFI–FA award in an amount other 

than that which the Applicant requests; 

however, the award amount will not 

exceed the Applicant’s award request as 

stated in its Application. 

5. TA Awards: TA is provided in the 

form of grants. The CDFI Fund reserves 

the right, in its sole discretion, to 

provide a TA award in an amount other 

than that which the Applicant requests; 

however, the TA award amount will not 

exceed the Applicant’s request as stated 

in its Application. 

C. Eligible Activities: 

1. FA Awards: Base-FA, PPC–FA, DF– 

FA, and HFFI–FA award funds may be 

expended for activities serving 

Commercial Real Estate, Small Business, 

Microenterprise, Community Facilities, 

Consumer Financial Products, 

Consumer Financial Services, 

Commercial Financial Products, 

Commercial Financial Services, 

Affordable Housing, Intermediary 

Lending to Non-Profits and CDFIs, 

Climate-Centered Financing, and other 

lines of business as deemed appropriate 

by the CDFI Fund in the following five 

categories: (i) Financial Products; (ii) 

Financial Services; (iii) Loan Loss 

Reserves; (iv) Development Services; 5

and (v) Capital Reserves. The FA Budget 

is the amount of the award and must be 

expended in the five eligible activity 

categories prior to the end of the Budget 

Period.6 None of the eligible activity 

categories will be authorized for Indirect 

Costs or an associated Indirect Cost 

Rate. Base-FA Recipients must meet 

PG&Ms, which will be derived from 

projections and attestations provided by 

the Applicant in its Application, to 

achieve one of the following FA 

Objectives: (i) Increase Volume of 


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7 § 200.216 Prohibition on certain 

telecommunications and video surveillance services 

or equipment. 

(a) Recipients and Subrecipients are prohibited 

from obligating or expending loan or grant funds to: 

(1) Procure or obtain; 

(2) Extend or renew a contract to procure or 

obtain; or 

(3) Enter into a contract (or extend or renew a 

contract) to procure or obtain, equipment, services, 

or systems that uses covered telecommunications 

equipment or services as a substantial or essential 

component of any system, or as critical technology 

as part of any system. As described in Public Law 

115–232, section 889, covered telecommunications 

equipment is telecommunications equipment 

produced by Huawei Technologies Company or 

ZTE Corporation (or any Subsidiary or Affiliate of 

such entities). 

8Regulated Institutions include Insured Credit 

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

Holding Companies. 

Financial Products in an Eligible 

Market(s) and/or in the Applicant’s 

approved Target Market and/or Increase 

Volume of Financial Services in an 

Eligible Market(s) and/or in the 

Applicant’s approved Target Market; (ii) 

Serve Eligible Market(s) or the 

Applicant’s approved Target Market in 

New Geographic Area or Areas; (iii) 

Provide New Financial Products in an 

Eligible Market(s) and/or in the 

Applicant’s approved Target Market; 

and (iv) Serve New Targeted Population 

or Populations. At the end of each year 

of the Period of Performance, 50% or 

more of the Financial Products closed 

by NACA Recipients must be in Native 

Communities. FA awards may only be 

used for Direct Costs associated with an 

eligible activity; no indirect expenses 

are allowed. Up to 15% of the FA award 

may be used for Direct Administrative 

Expenses associated with an eligible FA 

activity. ‘‘Direct Administrative 

Expenses’’ shall mean Direct Costs, as 

described in section 2 CFR 200.413 of 

the Uniform Requirements, which are 

incurred by the Recipient to carry out 

the Financial Assistance. Direct Costs 

incurred to provide Development 

Services or Financial Services do not 

constitute Direct Administrative 

Expenses. 

The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 

section 2 CFR 200.216 of the Uniform 

Requirements,7 with respect to any 

Direct Costs. For purposes of this 

NOFA, the five eligible activity 

categories are defined in Table 3. 

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

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

i. Financial Products .................. FA expended as loans, Equity Investments and similar financing activities (as determined

by the CDFI Fund) including the purchase of loans originated by Certified CDFIs and the 

provision of loan guarantees. In the case of CDFI Intermediaries, Financial Products may 

also include loans to CDFIs and/or Emerging CDFIs, and deposits in Insured Credit 

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

CDFIs.

For HFFI–FA, however, financing for prepared food outlets are not eligible activities, including the purchase of loans originated by Certified CDFIs, loan refinancing, or any other 

type of financing for prepared food outlets.

All. 

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

other similar services.

Regulated Institutions 8 only. Not applicable for HFFI–FA Recipients. 

iii. Loan Loss Reserves ............. FA set aside in the form of cash reserves, or through accounting-based accrual reserves, to

cover losses on loans, accounts, and notes receivable or for related purposes that the 

CDFI Fund deems appropriate.

All. 

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

community development and (ii) prepare or assist current or potential borrowers or 

investees to use the CDFI’s Financial Products or Financial Services. For example, such 

activities include financial or credit counseling; homeownership counseling; business 

planning; and management assistance.

All. 

v. Capital Reserves .................... FA set aside as reserves to support the Applicant’s ability to leverage other capital, for such 

purposes as increasing its net assets or providing financing, or for related purposes as 

the CDFI Fund deems appropriate.

Regulated Institutions only. Not applicable for DF–FA. 

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

requirements set forth in 12 CFR 1805.201(b)(3)(ii), or (ii) individuals that are Low-Income, African American, Hispanic, Native American, Native Hawaiian, Alaska Native, Other Pacific Islander, Filipino, Vietnamese, or Persons with Disabilities. 

2. DF–FA Award: DF–FA award funds 

may only be expended for eligible FA 

activities (referenced in Table 3) to 

directly or indirectly benefit individuals 

with disabilities. The DF–FA Recipient 

must close Financial Products for the 

primary purpose of directly or indirectly 

benefiting people with disabilities, 

where the majority of the DF–FA 

supported loans or investments benefit 

individuals with disabilities, in an 

amount equal to or greater than 85% of 

the total DF–FA provided. Eligible DF– 

FA financing activities may include, 

among other activities, loans to develop 

or purchase affordable, accessible, and 

safe housing; loans to provide or 

facilitate employment opportunities; 

and loans to purchase assistive 

technology. 

For the purposes of DF–FA, a person 

with a disability is a person who has a 

physical or mental impairment that 

substantially limits one or more major 

life activities, a person who has a record 

of such an impairment, or a person who 

is regarded as having such an 

impairment, as defined by the 

Americans with Disabilities Act (ADA), 

42 U.S.C. 12102. 

3. HFFI–FA Award: HFFI–FA award 

funds may only be expended for eligible 

FA activities referenced in Table 3. The 

HFFI–FA investments must comply 

with the following guidelines: 

a. Recipient must close Financial 

Products for Healthy Food Retail Outlets 

and Healthy Food Non-Retail Outlets in 

its approved Target Market in an 

amount equal to or greater than 100% of 

the total HFFI Financial Assistance 

provided. Eligible financing activities to 

Healthy Food Retail Outlets and Healthy 

Food Non-Retail Outlets require that the 

majority of the loan or investment be 

devoted to offering a range of Healthy 

Food choices, which may include, 

among other activities, investments 

supporting an existing retail store or 

wholesale operation upgrade to offer an 

expanded range of Healthy Food 

choices, or supporting a nonprofit 

organization that expands the 

availability of Healthy Foods in 

underserved areas. 

b. Recipient must demonstrate that it 

has closed Financial Products to 


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Healthy Food Retail Outlets located in 

Food Deserts in the Recipient’s 

approved Target Market in an amount 

equal to 75% of the total HFFI Financial 

Assistance provided. 

Definitions: 

Healthy Foods: Healthy Foods include 

unprepared nutrient-dense foods and 

beverages as set forth in the USDA 

Dietary Guidelines for Americans 2020– 

2025 including whole fruits and 

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

(fresh, refrigerated, frozen or canned). 

Healthy Foods should have low or no 

added sugars, and be low-sodium, 

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

USDA Dietary Guidelines: http://

www.dietaryguidelines.gov). 

Healthy Food Retail Outlets: 

Commercial sellers of Healthy Foods 

including, but not limited to, grocery 

stores, mobile food retailers, farmers 

markets, retail cooperatives, corner 

stores, bodegas, stores that sell other 

food and non-food items along with a 

range of Healthy Foods. 

Healthy Food Non-Retail Outlets: 

Wholesalers of Healthy Foods 

including, but not limited to, wholesale 

food outlets, wholesale cooperatives, or 

other non-retail food producers that 

supply for sale a range of Healthy Food 

options; entities that produce or 

distribute Healthy Foods for eventual 

retail sale, and entities that provide 

consumer education regarding the 

consumption of Healthy Foods. 

Food Deserts: Distressed geographic 

areas where either a substantial number 

or share of residents has low access to 

a supermarket or large grocery store. For 

the purpose of satisfying this 

requirement, a Food Desert must either: 

(1) be a census tract determined to be a 

Food Desert by the U.S. Department of 

Agriculture (USDA), in its USDA Food 

Access Research Atlas; (2) be a census 

tract adjacent to a census tract 

determined to be a Food Desert by the 

USDA, in its USDA Food Access 

Research Atlas; which has a median 

family income less than or equal to 

120% of the applicable Area Median 

Family Income; or (3) be a Geographic 

Unit as defined in 12 CFR part 

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

individually meets at least one of the 

criteria in 12 CFR part 

1805.201(b)(3)(ii)(D), and (ii) has been 

identified as having low access to a 

supermarket or grocery store through a 

methodology that has been adopted for 

use by another governmental or 

philanthropic healthy food initiative. 

4. PPC–FA Award: PPC–FA award 

funds may only be expended for eligible 

FA activities referenced in Table 3. The 

PPC–FA Recipient must close Financial 

Products in PPC: 1) in an Eligible 

Market or in the Applicant’s approved 

Target Market and 2) in an amount 

equal to or greater than 100% of the 

total PPC–FA award. The specific 

counties that meet the criteria for 

‘‘persistent poverty’’ can be found at: 

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

files/2023-03/PPC_2020_ACS_Jan20_

2023.xlsx. 

5. TA Awards: TA award funds may 

be expended for the following eight 

eligible activity categories: (i) 

Compensation—Personal Services; (ii) 

Compensation—Fringe Benefits; (iii) 

Professional Service Costs; (iv) Travel 

Costs; (v) Training and Education Costs; 

(vi) Equipment; (vii) Supplies; and (viii) 

Incorporation Costs. Only Sponsoring 

Entities may use TA award funds for 

Incorporation Costs. The TA Budget is 

the amount of the award and must be 

expended in the eight eligible activity 

categories before the end of the Budget 

Period. None of the eligible activity 

categories will be authorized for Indirect 

Costs or an associated Indirect Cost 

Rate. Any expenses that are prohibited 

by the Uniform Requirements are 

unallowable and are generally found in 

Subpart E-Cost Principles. The 

Recipient must comply, as applicable, 

with the Buy American Act of 1933, 41 

U.S.C. 8301–8303 and section 2 CFR 

200.216 of the Uniform Requirements, 

with respect to any Direct Costs. For 

purposes of this NOFA, the eight 

eligible activity categories are defined in 

Table 4. 

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

REQUIREMENTS

(i) Compensation—Personal Services.TA paid to cover all remuneration paid currently or accrued, for services of Applicant’s employees rendered during the Period of Performance under the TA award, in accordance with section 2 CFR 200.430 

of the Uniform Requirements, is allowed. 

Any work performed directly but unrelated to the purposes of the TA award may not be paid as Compensation through a TA award. For example, the salaries for building maintenance would not carry out 

the purpose of a TA award and would be deemed unallowable. 

(ii) Compensation—Fringe Benefits TA paid to cover allowances and services provided by the Applicant to its employees as Compensation in 

addition to regular salaries and wages, in accordance with section 2 CFR 200.431 of the Uniform Requirements, is allowed. Such expenditures are allowable, as long as they are made under formally established and consistently applied organizational policies of the Applicant. 

(iii) Professional Service Costs ....... TA paid to cover professional and consultant services (e.g., such as strategic and marketing plan development), rendered by persons who are members of a particular profession or possess a special skill (e.g., 

credit analysis, portfolio management), and who are not officers or employees of the Applicant, in accordance with section 2 CFR 200.459 of the Uniform Requirements, is allowed. Payment for a consultant’s services may not exceed the current maximum of the daily equivalent rate paid to an Executive 

Schedule Level IV federal employee. Professional and consultant services must build the capacity of the 

CDFI. For example, professional services that provide direct Development Services to the customers do 

not build the capacity of the CDFI to provide those services and would not be eligible. The Applicant 

must comply, as applicable, with section 2 CFR 200.216 of the Uniform Requirements, with respect to 

payment of Professional Service Costs. 

(iv) Travel Costs .............................. TA paid to cover costs of transportation, lodging, subsistence, and related items incurred by the Applicant’s 

personnel who are on travel status on business related to the TA award, in accordance with section 2 

CFR 200.475 of the Uniform Requirements, is allowed. 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 award would be deemed unallowable. As such, documentation must be maintained that justifies the travel as necessary to the TA award. 

(v) Training and Education Costs ... TA paid to cover the cost of training and education provided by the Applicant for employees’ development, 

in accordance with section 2 CFR 200.473 of the Uniform Requirements, is allowed. TA can only be 

used to pay for training costs incurred by the Applicant’s employees. Training and Education Costs may 

not be incurred by the Applicant’s consultants. 


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

REQUIREMENTS—Continued 

(vi) Equipment ................................. TA paid to cover tangible personal property, having a useful life of more than one year and a per-unit acquisition cost of at least $5,000, in accordance with section 2 CFR 200.1 of the Uniform Requirements, 

is allowed. For example, items such as office furnishings and information technology systems are allowable as Equipment costs. The Applicant must comply, as applicable, with the Buy American Act of 1933, 

41 U.S.C. 8301–8303 and section 2 CFR 200.216 of the Uniform Requirements, with respect to the purchase of Equipment. 

over tangible personal property with 

a per unit acquisition cost of less 

than $5,000, in accordance with 

section 2 CFR 200.1 of the Uniform Requirements, is allowed. 

For example, a desktop computer 

costing $1,000 is allowable as a 

Supply cost. The Applicant must 

comply, as applicable, with the 

Buy American Act of 1933, 41 

U.S.C. 8301–8303 and section 2 

CFR 200.216 of the Uniform Requirements, with respect to the 

purchase of Supplies..

(viii) Incorporation Costs 

(Sponsoring Entities only).

TA paid to cover incorporation fees in connection with the establishment or reorganization of an organization as a CDFI, in accordance with section 2 CFR 200.455 of the Uniform Requirements, is allowed. Incorporation Costs are allowable for NACA Program Sponsoring Entity Applicants only. 

III. Eligibility Information 

A. Eligible Applicants: For the 

purposes of this NOFA, Table 5 through 

Table 8 set forth the eligibility criteria 

to receive an award from the CDFI 

Fund, along with certain definitions of 

terms. There are four categories of 

Applicant eligibility criteria: (1) CDFI 

Certification criteria (Table 5); (2) 

requirements that apply to all 

Applicants (Table 6); (3) requirements 

that apply to TA Applicants (Table 7); 

and (4) requirements that apply to FA 

Applicants (Table 8). 

TABLE 5—CDFI CERTIFICATION CRITERIA DEFINITIONS

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

Certifiable CDFI (FA Applicants) .... • An FA Applicant that has submitted a CDFI Certification Application to the CDFI Fund by the deadline 

specified in this NOFA demonstrating that it meets the CDFI Certification requirements, but has not yet 

been officially Certified. (See Table 12 for Application submission deadlines.) 

• The CDFI Fund will not enter into an Assistance Agreement unless the Applicant’s pending CDFI Certification Application is approved by the CDFI Fund prior to the award announcement date. 

• The CDFI Fund will make CDFI Certification determinations for all Applicants that are Certifiable CDFIs 

prior to the award announcement date. If the CDFI Certification Application is denied, the Applicant will 

not be eligible to receive an FA award. There is no right to appeal an Award denial based on denial of 

the pending CDFI Certification Application. 

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

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

that the CDFI Fund selects. 

• An Emerging CDFI may or may not have a pending CDFI Certification Application with the CDFI Fund. 

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

prior Assistance Agreement(s). 

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

date specified in the Assistance Agreement. 

Sponsoring Entity ............................ • Sponsoring Entities include any legal organization that primarily serves a Native Community with ’’primary’’ meaning, at least 50% of its activities are directed toward the Native Community. 

• An eligible organization that proposes to create a separate legal organization that will become a Certified 

CDFI serving Native Communities. 

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

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

Definition of Native Other Targeted 

Population as Target Market.

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

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

30, 1997), as amended and supplemented: 

• American Indian, Native American, or Alaska Native: A person having origins in any of the original peoples of North and South America (including Central America) and who maintains tribal affiliation or community attachment; and 

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

TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS

Applicant .................................................. • An Applicant must be duly organized as a legal entity (within the United States or its territories). 

• Only the entity that will carry out the proposed award activities may apply for an award (other than Depository Institution 

Holding Companies (DIHC) 9—see below, and Sponsoring Entities). Recipients may not create a new legal entity to 

carry out the proposed award activities (except for Sponsoring Entities). 


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TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS—Continued 

• The information in the Application should only reflect the activities of the Applicant, including the presentation of financial and portfolio information (other than DIHCs see below). Do not include financial or portfolio information from parent companies, Affiliates, or Subsidiaries in the Application unless it relates to the provision of Development Services. 

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

DIHCs (see below). 

Application type and submission overview through Grants.gov and Awards 

Management Information System 

(AMIS).

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

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

AMIS websites. Applications submitted with alternative or altered templates will not be considered. 

• Applicants undergo a two-step process that requires the submission of Application documents by two separate deadlines in two different systems: (1) the SF–424 in Grants.gov and (2) all other Required Application Documents in AMIS. 

• Grants.gov and the SF–424: 

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

Æ All Applicants must register in the Grants.gov system to successfully submit an Application. The Grants.gov registration process can take 30 days or more to complete. The CDFI Fund strongly encourages Applicants to register 

as early as possible. 

Æ The CDFI Fund will not extend the SF–424 application deadline for any Applicant that started the Grants.gov registration process on, before, or after the date of the publication of this NOFA, but did not complete it by the deadline except in the case of a federal government administrative or technological error that directly resulted in a late 

submission of the SF–424. 

Æ The SF–424 must be submitted in Grants.gov on or before the deadline listed in Table 1 and Table 12. Applicants 

are strongly encouraged to submit their SF–424 as early as possible in the Grants.gov system. 

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

Æ The SF–424 must be submitted under the NACA Program Funding Opportunity Number for the NACA Program Application. NACA Program Applicants should be careful to not select the CDFI Program Funding Opportunity Number 

when submitting their SF–424 for the NACA Program. NACA Program Applicants that submit their SF–424 for the 

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

NACA Program Application. 

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

in AMIS and the Application will be deemed ineligible. 

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

Æ AMIS is an enterprise-wide information technology system. Applicants will use AMIS to submit and store organization and Application information with the CDFI Fund. 

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

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

Æ Applicants must ensure that the Authorized Representative is an employee or officer of the Applicant, authorized to 

sign legal documents on behalf of the organization. Consultants working on behalf of the organization may not be 

designated as Authorized Representatives. 

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

Æ All Required Application Documents must be submitted in AMIS on or before the deadline specified in Tables 1 

and 12. The CDFI Fund will not extend the deadline for any Applicant except in the case of a federal government 

administrative or technological error that directly resulted in the late submission of the Application in AMIS. 

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

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

• The EIN in the Applicant’s AMIS account must match the EIN in the Applicant’s System for Award Management (SAM) 

account. The CDFI Fund reserves the right to reject an Application if the EIN in the Applicant’s AMIS account does not 

match the EIN in its SAM account. 

• Applicants must enter their EIN into their AMIS profile on or before the deadline specified in Tables 1 and 12. 

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

initiative. 

• An Applicant must apply using its UEI in Grants.gov. 

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

• The UEI in the Applicant’s AMIS account must match the UEI in the Applicant’s Grants.gov and SAM accounts. The 

CDFI Fund will reject an Application if the UEI in the Applicant’s AMIS account does not match the UEI in its Grants.gov 

and SAM accounts. 

• Applicants must enter their UEI into their AMIS profile on or before the deadline specified in Tables 1 and 12. 

System for Award Management (SAM) ... • SAM is a web-based, government-wide application that collects, validates, stores, and disseminates business information about the federal government’s trading partners in support of the contract awards, grants, and electronic payment 

processes. 

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

• Applicants that have an active SAM registration have been assigned a UEI. Applicants must also have an EIN in order 

to register in SAM. 

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

• The CDFI Fund reserves the right to deem an Application ineligible if the Applicant’s SAM account expires during the 

Application evaluation period, or is set to expire before September 30, 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 .......................................... • Each Applicant must register as an organization in AMIS and submit all Required Application Documents listed in Table 

10 through the AMIS system. 

• The Application of any organization that does not properly register in AMIS by the deadline set forth in Table 1—FY 

2024 NACA Program Funding Round Critical Deadlines for Applicants—will be rejected without further consideration. 

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

account. 

• An Applicant that fails to properly register and update its AMIS account may miss important communication from the 

CDFI Fund and/or may not be able to successfully submit an Application. 

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

CDFI or NACA Program award. 


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9 Depository Institution Holding Company or 

DIHC means a Bank Holding Company or a Savings 

and Loan Holding Company. 

TABLE 6—ELIGIBILITY REQUIREMENTS FOR ALL APPLICANTS—Continued 

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 has been issued 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 federal civil rights laws or regulations, including: Title VI of the Civil Rights Act of

1964, as amended (42 U.S.C. 2000d); Fair Housing Act (42 U.S.C. 3601 et seq.); Equal Credit Opportunity Act (15 

U.S.C. 1691 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 issues, 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 Company 

Applicant.

• In the case where a CDFI Depository Institution Holding Company Applicant intends to carry out the activities of an 

award through its Subsidiary CDFI Insured Depository Institution, the Application must be submitted by the CDFI Depository Institution Holding Company and reflect the activities and financial performance of the Subsidiary CDFI Insured 

Depository Institution. 

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

which it will carry out the activities of the award) both apply for an award under this NOFA, 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 FA or TA 

Eligible Activity Categories (see Section II. (C)). 

• With the exception of Depository Institution Holding Company Applicants and Sponsoring Entities, awards may not be 

used to support the activities of, or otherwise be passed through, transferred, or co-awarded to, third-party entities, 

whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar transaction, and 

with the CDFI Fund’s prior written consent. The Recipient of any award made through this NOFA must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 8301–8303 and section 2 CFR 200.216 of the Uniform Requirements, with respect to any Direct Costs. 

Requested award amount ....................... • An Applicant must state its requested award amount in the Application in AMIS. An Applicant that does not include this 

amount will not be allowed to submit an Application. 

Pending resolution of noncompliance ..... • If an Applicant that is a prior Recipient or allocatee under any CDFI Fund program: (i) has demonstrated it has been in 

noncompliance and/or default 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 

and/or default. 

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

• The Do Not Pay Business Center was developed to support federal agencies in their efforts to reduce the number of 

improper payments made through programs funded by the federal government. The Do Not Pay Business Center provides delinquency information to the CDFI Fund to assist with the debarment check. 

* This requirement also applies to Applicants’ prospective sub-recipients that are not direct beneficiaries of Federal financial assistance (e.g., Depository Institutions Holding Companies and their Subsidiary CDFI Insured Depository Institutions). 

TABLE 7—ELIGIBILITY REQUIREMENTS FOR TA APPLICANTS

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

If a TA Applicant is a Certified CDFI at the time of application but loses its CDFI Certification at any point prior to the 

award announcement, the Application will be deemed ineligible and no longer be considered by the CDFI Fund. 

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

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

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

Certification goal in its active award’s Assistance Agreement has been satisfied and it proposes to create another CDFI 

that will serve one or more Native Communities. 


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TABLE 7—ELIGIBILITY REQUIREMENTS FOR TA APPLICANTS—Continued 

$5 Million funding cap .............................. • The CDFI Fund is prohibited from obligating more than $5 million in CDFI and NACA Program awards, in the aggregate, to any one organization and its Subsidiaries and Affiliates during any three-year period from the announcement 

date. 

• The CDFI Fund will include CDFI and NACA Program final awards in the cap calculation that were provided to an Applicant (and/or its Subsidiaries or Affiliates) under the FY 2022 funding round, as well as the requested FY 2024 award, 

excluding DF–FA and HFFI–FA awards. 

Proposed Activities .................................. • Applicants must propose to directly undertake eligible activities with TA awards. For example, an uncertified CDFI Applicant must propose to become Certified as part of its Application and a Certified CDFI Applicant must propose activities 

that build its capacity to serve its Target Market or an Eligible Market. 

• With the exception of Sponsoring Entities, Applicants may not propose to use a TA award to create a separate legal entity to become a Certified CDFI or otherwise carry out the TA award activities. 

Regulated Institution ................................ • Each Regulated Institution TA Applicant must have a CAMELS/CAMEL rating (rating for Insured Depository Institutions 

and Credit Unions, respectively) or equivalent type of rating by its regulator (collectively referred to as ‘‘CAMELS/ 

CAMEL rating’’) of at least ‘‘4’’. 

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

• The CDFI Fund will not approve a TA award for an Applicant that has a Community Reinvestment Act (CRA) assessment rating of below ‘‘Satisfactory’’ on its most recent examination. 

• In the case of a Depository Institution Holding Company Applicant that intends to carry out the award through a Subsidiary Insured Depository Institution, the CAMELS/CAMEL rating eligibility requirements noted above apply to both the 

Depository Institution Holding Company Applicant as well as the Subsidiary Insured Depository Institution. 

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

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

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

TABLE 8—ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS

CDFI Certification status .......................... • Each FA Applicant must be a Certified CDFI prior to the date of award announcement. 

• If a CDFI is uncertified as of the date of NOFA publication, it must have submitted an application for CDFI Certification 

by the applicable deadline in Table 12 or it will be deemed ineligible to receive an FA award. The CDFI Fund will not 

extend the deadline for any uncertified Applicant that did not submit the Certification Application by the deadline, except 

in the case of a federal government administrative or technological error that directly resulted in a late submission of the 

CDFI Certification Application. 

• The CDFI Fund will make CDFI Certification determinations for Certifiable Applicants prior to the award announcement 

date. If the CDFI Certification Application is denied, the Applicant will not be eligible to receive an FA award. 

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

Annual Certification and Data Collection Report (ACR) if the CDFI Fund has not yet made a final compliance determination. 

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

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

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

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

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

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

following characteristics: 

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

CDFI Certification is also a geographic area of federally-designated reservations, Hawaiian homelands, Alaska Native Villages and U.S. Census Bureau designated Tribal Statistical Areas; and/or 

Æ For qualifying with an Other Targeted Population (OTP), the applicant’s Target Market approved for CDFI Certification must be an OTP of Native Americans or American Indians, including Alaska Natives and Native Hawaiians. 

• Any FA Applicant whose CDFI Certification Target Market does not meet either of the conditions above will not be eligible for an FA award under this NOFA. 

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

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

$5 Million funding cap .............................. • The CDFI Fund is prohibited from obligating more than $5 million in CDFI and NACA Program awards, in the aggregate, to any one organization and its Subsidiaries and Affiliates during any three-year period from the announcement 

date. 

• The CDFI Fund will include CDFI and NACA Program final awards in the cap calculation that were provided to an Applicant (and/or its Subsidiaries or Affiliates) under the FY 2022 funding round, as well as the requested FY 2024 award, 

excluding DF–FA and HFFI–FA awards. 

FA Applicants with Community Partners • A NACA Applicant can apply for assistance jointly with a Community Partner. The CDFI Applicant must complete the 

NACA Program Application and address the Community Partnership in its business plan and other sections of the Application as specified in the Application materials. 

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

• An Application with a Community Partner must: 

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

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

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

NACA Applicant. 

• Assistance provided upon approval of an Application with a Community Partner shall only be entrusted to the NACA Applicant and shall not be used to fund any activity carried out directly by the Community Partner or an Affiliate or Subsidiary thereof. 

Regulated Institution ................................ • Each Regulated Institution FA Applicant must have a CAMELS/CAMEL rating (rating for Insured Depository Institutions 

and Credit Unions, respectively) or equivalent type of rating by its regulator (collectively referred to as ‘‘CAMELS/ 

CAMEL rating’’) of at least ‘‘3’’. 

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

• The CDFI Fund will not approve an FA award for an Applicant that has a Community Reinvestment Act (CRA) assessment rating of below ‘‘Satisfactory’’ on its most recent examination. 

• In the case of a Depository Institution Holding Company Applicant that intends to carry out the award through a Subsidiary Insured Depository Institution, the CAMELS/CAMEL rating eligibility requirements noted above apply to both the 

Depository Institution Holding Company Applicant as well as the Subsidiary Insured Depository Institution. 


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TABLE 8—ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS—Continued 

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

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

Æ Submit a CDFI or NACA Program FA Application; 

Æ Meet all NACA FA award eligibility requirements; and 

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

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

Æ Submit a CDFI or NACA Program FA Application; 

Æ Meet all NACA FA award eligibility requirements; 

Æ Submit the DF–FA Application; and 

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

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

Æ Submit a CDFI or NACA Program FA Application; 

Æ Meet all NACA FA award eligibility requirements; 

Æ Submit the HFFI–FA Application; and 

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

B. Matching Funds Requirements: 

Native American CDFIs are not required 

to provide Matching Funds. 

Table 9—Reserved 

IV. Application and Submission 

Information 

A. Address to Request an Application 

Package: Application materials can be 

found on the CDFI Fund’s website at 

www.cdfifund.gov/programs-training/ 

Programs/native-initiatives. Applicants 

may request a paper version of any 

Application material by contacting the 

CDFI Fund Help Desk at cdfihelp@

cdfi.treas.gov. Paper versions of 

Application materials will only be 

provided if an Applicant cannot access 

the CDFI Fund’s website. 

B. Content and Form of Application 

Submission: All Applications must be 

prepared using the English language, 

and calculations must be computed in 

U.S. dollars. The following table lists 

the Required Application Documents for 

the FY 2024 Funding Round. The CDFI 

Fund reserves the right to request and 

review other pertinent or public 

information that has not been 

specifically requested in this NOFA or 

the Application. Information submitted 

by the Applicant that the CDFI Fund has 

not specifically requested will not be 

reviewed or considered as part of the 

Application. Financial data, portfolio, 

and activity information provided in the 

Application should only include the 

Applicant’s activities. Information 

submitted must accurately reflect the 

Applicant’s activities (other than 

Depository Institution Holding 

Companies—see Table 6). 

TABLE 10—REQUIRED APPLICATION DOCUMENTS

Application documents Applicant type Submission format 

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

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

Grants.gov. 

Title VI Compliance Worksheet ............................................ All Applicants ...................................................................... AMIS. 

NACA Program Application Components: All Applicants ...................................................................... AMIS. 

• Funding Application Detail. 

• Data, Charts, and Narrative sections as listed in 

AMIS and outlined in Application materials. 

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

• Funding Application Detail. 

• Narratives. 

• AMIS Charts. 

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

• Funding Application Detail. 

• Narratives. 

• AMIS Charts. 

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

• Funding Application Detail, 

• Narratives. 

• AMIS charts. 

Attachments to the Application 

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

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

Completed, final audited financial statements for the Applicant’s Three Most Recent Historic Fiscal Years.FA Applicants and TA Applicants, if available: loan funds, 

Venture Capital Funds *, and other non-Regulated Institutions.

PDF in AMIS. 

Unaudited financial statements for Applicant’s Three Most 

Recent Historic Years (required if available, and only if 

audited financial statements are not available).

FA and TA Applicants, if available: loan funds, Venture 

Capital Funds, and other non-Regulated Institutions.

PDF in AMIS. 

Current Year to Date—September 30, 2023 Unaudited financial statements.FA and TA Applicants: loan funds, Venture Capital Funds, 

and other non-Regulated Institutions.

PDF in AMIS. 


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TABLE 10—REQUIRED APPLICATION DOCUMENTS—Continued 

Application documents Applicant type Submission format 

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

* A Venture Capital Fund is an organization that predominantly invests funds in businesses, typically in the form of either Equity Investments or

subordinated debt with equity features such as revenue participation or warrants, and generally seeks to participate in the upside returns of such 

businesses in an effort to at least partially offset the risk of its investments. 

C. Application Submission: The CDFI

Fund has a two-step process that 

requires the submission of Required 

Application Documents (listed in Table 

10) on separate deadlines and locations.

The SF–424 must be submitted through

Grants.gov and all other Required

Application Documents through the

AMIS system. The CDFI Fund will not

accept Applications via email, mail,

facsimile, or other forms of

communication, except in extremely

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

The deadline for submitting the SF–424

is listed in Tables 1 and 12.

All Applicants must register in the 

Grants.gov system to successfully 

submit the SF–424. The Grants.gov 

registration process can take 45 days or 

longer to complete and the CDFI Fund 

strongly encourages Applicants to start 

the Grants.gov registration process as 

early as possible (refer to the following 

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

register.html). Since the Grants.gov 

registration process requires Applicants 

to have a UEI and an EIN, Applicants 

without these required items should 

allow for additional time to complete 

the Grants.gov registration process. The 

CDFI Fund will not extend the 

Application deadline for any Applicant 

that started the Grants.gov registration 

process but did not complete it by the 

deadline. An Applicant that has 

previously registered with Grants.gov 

must verify that its registration is 

current and active. Applicants should 

contact Grants.gov directly with 

questions related to the registration or 

submission process as the CDFI Fund 

does not maintain the Grants.gov 

system. 

Each Application must be signed by a 

designated Authorized Representative 

in AMIS before it can be submitted. 

Applicants must ensure that an 

Authorized Representative is an 

employee or officer and is authorized to 

sign legal documents on behalf of the 

Applicant. Consultants working on 

behalf of the Applicant may not be 

designated as Authorized 

Representatives. Only a designated 

Authorized Representative or 

Application Point of Contact, included 

in the Application, may submit the 

Application in AMIS. If an Authorized 

Representative or Application Point of 

Contact does not submit the 

Application, the Application will be 

deemed ineligible. 

D. Unique Entity Identifier (UEI): The

UEI has replaced the Dun and Bradstreet 

Data 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, including inactive 

registrations. New registrants will be 

assigned a UEI as part of their SAM 

registration. 

E. System for Award Management

(SAM): Any entity applying for Federal 

grants or other forms of Federal 

financial assistance through Grants.gov 

must be registered in SAM before 

submitting its Application. When 

accessing SAM.gov, users will be asked 

to create a Login.gov user account (if 

they don’t already have one). Going 

forward, users will use their Login.gov 

username and password every time 

when logging into SAM.gov. 

Registration in SAM is required as part 

of the Grants.gov registration process. 

The SAM registration process may take 

one month or longer to complete. An 

original, signed notarized letter 

identifying the authorized entity 

administrator for the entity associated 

with the UEI is required. This 

requirement is applicable to new 

entities registering in SAM or an 

existing registration where there is no 

existing entity administrator. Existing 

entities with registered entity 

administrators do not need to submit an 

annual notarized letter. Applicants 

without an EIN should allow for 

additional time as an Applicant cannot 

register in SAM without an EIN. 

Applicants that have previously 

completed the SAM registration process 

must verify that their SAM accounts are 

current and active. Each Applicant must 

continue to maintain an active SAM 

registration with current information at 

all times during which it has an active 

Federal award or an Application under 

consideration by a federal awarding 

agency. The CDFI Fund will deem 

ineligible any Applicant that fails to 

properly register or activate its SAM 

account and, as a result, is unable to 

submit the SF–424 in Grants.gov or 

Application in AMIS by the applicable 

Application deadlines. These 

restrictions also apply to organizations 

that have not yet received a UEI or EIN 

by the established deadline. Applicants 

must contact SAM directly with 

questions related to registration or SAM 

account changes as the CDFI Fund does 

not maintain this system and has no 

ability to make changes or correct errors 

of any kind. For more information about 

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

TABLE 11—Grants.gov REGISTRATION TIMELINE SUMMARY

Step Agency

Estimated 

minimum time 

to complete 

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

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

UEI.

Four (4) Weeks.* 


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TABLE 11—Grants.gov REGISTRATION TIMELINE SUMMARY—Continued 

Step Agency 

Estimated 

minimum time 

to complete 

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

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

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

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

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

F. Submission Dates and Times: 

1. Submission Deadlines: The 

following table provides the critical 

deadlines for the FY 2024 Funding 

Round. 

TABLE 12—FY 2024 NACA PROGRAM FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS

Description Deadline 

Time 

(eastern 

time—ET) 

Submission method 

Last day to create an Awards Management Information 

Systems (AMIS) Account (all Applicants).

January 5, 2024 ...... 11:59 p.m. ET .......... AMIS. 

Last day to enter EIN and UEI in AMIS (all Applicants) January 5, 2024 ...... 11:59 p.m. ET .......... AMIS. 

Last day to submit SF–424 (Application for Federal Assistance).January 5, 2024 ...... 11:59 p.m. ET .......... Electronically via Grants.gov. 

Last day to contact Certification, Compliance Monitoring and Evaluation (CCME) Help Desk regarding 

CDFI Certification Applications for uncertified FA Applicants.

Febuary 2, 2024 ...... 11:59 p.m. ET .......... Service Request via AMIS. 

Last day to contact NACA Program staff ...................... February 2, 2024 ..... 5 p.m. ET ................. Service Request via AMIS Or CDFI 

Fund Helpdesk: 202–653–0421. 

Last day to contact AMIS–IT Help Desk (regarding 

AMIS technical problems only).

February 6, 2024 ..... 5 p.m. ET ................. Service Request via AMIS Or 202–653– 

0422 Or AMIS@cdfi.treas.gov. 

Last day to submit CDFI Certification Applications for 

uncertified FA Applicants.

Febuary 6, 2024 ...... 11:59 p.m. ET .......... AMIS. 

Last day to submit Title VI Compliance Worksheet (all 

Applicants) *.

February 6, 2024 ..... 11:59 p.m. ET .......... AMIS. 

Last day to submit NACA Program Application for Financial Assistance (FA) or Technical Assistance 

(TA).

February 6, 2024 ..... 11:59 p.m. ET .......... AMIS. 

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

Depository Institution Holding Companies and their Subsidiary CDFI Insured Depository Institutions). 

2. Confirmation of Application 

Submission in Grants.gov and AMIS: 

Applicants are required to submit the 

SF–424, Application for Federal 

Assistance through the Grants.gov 

system, under the NACA Program 

Funding Opportunity Number by the 

applicable deadline. All other Required 

Application Documents (listed in Table 

10) must be submitted through the 

AMIS website by the applicable 

deadline. Applicants must submit the 

SF–424 prior to submitting the 

Application in AMIS. If the SF–424 is 

not successfully accepted by Grants.gov 

by the deadline, the CDFI Fund will not 

review the Application submitted in 

AMIS, and the Application will be 

deemed ineligible. 

a. Grants.gov Submission 

Information: Each Applicant will 

receive an email from Grants.gov 

immediately after submitting the SF– 

424 confirming that the submission has 

entered the Grants.gov system. This 

email will contain a tracking number for 

the submitted SF–424. Within 48 hours, 

the Applicant will receive a second 

email, which will indicate if the 

submitted SF–424 was either 

successfully validated or rejected with 

errors. However, Applicants should not 

rely on the email notification from 

Grants.gov to confirm that their SF–424 

was validated. Applicants are strongly 

encouraged to use the tracking number 

provided in the first email to closely 

monitor the status of their SF–424 by 

contacting the helpdesk at Grants.gov 

directly. The Application material 

submitted in AMIS is not officially 

accepted by the CDFI Fund until 

Grants.gov has validated the SF–424. 

b. AMIS Submission Information: 

AMIS is a web-based system where 

Applicants will directly enter their 

Application information and add the 

required attachments listed in Table 10. 

AMIS will verify that the Applicant 

provided the minimum information 

required to submit an Application. 

Applicants are responsible for the 

quality and accuracy of the information 

and attachments included in the 

Application submitted in AMIS. The 

CDFI Fund strongly encourages 

Applicants to allow for sufficient time 

to review and complete all Required 

Application Documents listed in Table 

10, and remedy any issues prior to the 

Application deadline. Each Application 

must be signed by an Authorized 

Representative in AMIS before it can be 

submitted. Applicants must ensure that 

the Authorized Representative is an 

employee or officer and is authorized to 

sign legal documents on behalf of the 

Applicant. Consultants working on 

behalf of the Applicant may not be 

designated as Authorized 

Representatives. Only an Authorized 

Representative or an Application Point 

of Contact may submit an Application. 

If an Authorized Representative or 

Application Point of Contact does not 


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submit the Application, the Application 

will be deemed ineligible. Applicants 

may only submit one Base-FA or TA 

Application under the NACA Program. 

Upon submission, the Application will 

be locked and cannot be resubmitted, 

edited, or modified in any way. The 

CDFI Fund will not unlock or allow 

multiple Application submissions. 

3. Late Submission or AMIS Account 

Creation: The CDFI Fund will not 

accept an Application if the SF–424 is 

not submitted and accepted by 

Grants.gov by the SF–424 deadline 

listed in Table 1 and Table 12. 

Additionally, the CDFI Fund will not 

accept an Application if it is not signed 

by an Authorized Representative and 

submitted in AMIS by the Application 

deadline or if an Applicant did not 

submit the required Title VI Compliance 

Worksheet by the Application deadline 

listed in Table 1 and Table 12. The CDFI 

Fund will also not accept an 

Application from an Applicant that 

failed to create an AMIS account by the 

deadlines specified in Table 1 and Table 

12. In these cases, 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. Be 

aware that unexpected delay in a federal 

government process does not in and of 

itself constitute a federal government 

administrative or technological error. 

The CDFI Fund will only approve the 

late submission of the SF–424, the 

Application, the Title VI Compliance 

worksheet, or the late creation of an 

AMIS account if the Applicant 

demonstrates that an unexpected delay 

was the direct 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 resulted in precluding 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 to 

the CDFI Program or an email to 

cdfihelp@cdfi.treas.gov with a subject 

line of ‘‘AMIS Account Creation 

Deadline Extension Request.’’ 

b. SF–424 Late Submission: In cases 

where a federal government 

administrative or technological error 

directly resulted in precluding an 

Applicant from submitting the SF–424 

by the required deadline, the Applicant 

must submit a written request for 

acceptance of the late SF–424 

submission and include documentation 

of the error no later than two business 

days after the SF–424 deadline. The 

CDFI Fund will not respond to requests 

for acceptance of late SF–424 

submissions after that time period. 

Applicants must submit late SF–424 

submission requests to the CDFI Fund 

via an AMIS Service Request to the 

NACA Program with a subject line of 

‘‘Late SF–424 Submission Request.’’ 

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 

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 CDFI Program 

with a subject line of ‘‘CDFI Program— 

Title VI Compliance Worksheet 

Deadline Extension Request.’’ 

d. AMIS Application Late Submission: 

In cases where a federal government 

administrative or technological error 

directly resulted in precluding an 

Applicant from submitting the 

Application in AMIS by the required 

deadline, the Applicant must submit a 

written request for acceptance of the late 

Application submission and include 

documentation of the error no later than 

two business days after the Application 

deadline. The CDFI Fund will not 

respond to requests for acceptance of 

late Application submissions after that 

time period. Applicants must submit 

late Application submission requests to 

the CDFI Fund via an AMIS Service 

Request to the NACA Program with a 

subject line of ‘‘Late Application 

Submission Request.’’ 

G. Funding Restrictions: Base-FA, 

PPC–FA, DF–FA, HFFI–FA and TA 

awards are limited by the following: 

1. Base-FA Awards: 

a. A Recipient shall use Base-FA 

award funds only for the eligible 

activities described in Section II. (C)(1) 

of this NOFA and its Assistance 

Agreement. 

b. With the exception of Depository 

Institution Holding Company 

Applicants, Base-FA awards may not be 

used to support the activities of, or 

otherwise be passed through, 

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

Subsidiaries, or others, unless done 

pursuant to a merger or acquisition or 

similar transaction, and with the CDFI 

Fund’s prior written consent. 

c. Base-FA award funds shall only be 

paid to the Recipient. 

d. The CDFI Fund, in its sole 

discretion, may pay Base-FA award 

funds in amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

e. The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 

section 2 CFR 200.216 of the Uniform 

Requirements, with respect to any 

Direct Costs. 

2. PPC–FA Awards: 

a. A Recipient shall use PPC–FA 

award funds only for the eligible 

activities described in Section II. (C)(5) 

of this NOFA and its Assistance 

Agreement. 

b. With the exception of Depository 

Institution Holding Company 

Applicants, PPC–FA awards may not be 

used to support the activities of, or 

otherwise be passed through, 

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

Subsidiaries, or others, unless done 

pursuant to a merger or acquisition or 

similar transaction, and with the CDFI 

Fund’s prior written consent. 

c. PPC–FA award funds shall only be 

paid to the Recipient. 

d. The CDFI Fund, in its sole 

discretion, may pay PPC–FA award 

funds in amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

e. The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 

section 2 CFR 200.216 of the Uniform 

Requirements, with respect to any 

Direct Costs. 

3. DF–FA Awards: 

a. A Recipient shall use DF–FA award 

funds only for the eligible activities 

described in Section II. (C)(2) of this 

NOFA and its Assistance Agreement. 


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b. With the exception of Depository 

Institution Holding Company 

Applicants, DF–FA awards may not be 

used to support the activities of, or 

otherwise be passed through, 

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

Subsidiaries, or others, unless done 

pursuant to a merger or acquisition or 

similar transaction, and with the CDFI 

Fund’s prior written consent. 

c. DF–FA award funds shall only be 

paid to the Recipient. 

d. The CDFI Fund, in its sole 

discretion, may pay DF–FA award funds 

in amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

e. The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 

section 2 CFR 200.216 of the Uniform 

Requirements, with respect to any 

Direct Costs. 

4. HFFI–FA Awards: 

a. A Recipient shall use HFFI–FA 

award funds only for the eligible 

activities described in Section II. (C)(4) 

of this NOFA and its Assistance 

Agreement. 

b. With the exception of Depository 

Institution Holding Company 

Applicants, HFFI–FA awards may not 

be used to support the activities of, or 

otherwise be passed through, 

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

Subsidiaries, or others, unless done 

pursuant to a merger or acquisition or 

similar transaction, and with the CDFI 

Fund’s prior written consent. 

c. HFFI–FA award funds shall only be 

paid to the Recipient. 

d. The CDFI Fund, in its sole 

discretion, may pay HFFI–FA award 

funds in amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

e. The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 

section 2 CFR 200.216 of the Uniform 

Requirements, with respect to any 

Direct Costs. 

5. TA Awards: 

a. A Recipient shall use TA award 

funds only for the eligible activities 

described in Section II. (C) (3) of this 

NOFA and its Assistance Agreement. 

b. A Sponsoring Entity Recipient must 

create the Emerging CDFI as a legal 

entity no later than the end of the first 

year of the Period of Performance. Upon 

creation of the Emerging CDFI, the 

Sponsoring Entity must request the 

CDFI Fund to amend the Assistance 

Agreement to add the Emerging CDFI as 

a co-Recipient. The Sponsoring Entity 

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

first year of the Period of Performance. 

The Sponsoring Entity must then 

transfer any remaining balances and/or 

assets derived from the TA award to the 

Emerging CDFI. 

c. With the exception of Depository 

Institution Holding Company 

Applicants, TA awards may not be used 

to support the activities of, or otherwise 

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

Affiliates, Subsidiaries, or others, unless 

done pursuant to a merger or acquisition 

or similar transaction, and with the 

CDFI Fund’s prior written consent. 

d. TA award funds shall only be paid 

to the Recipient. 

e. The CDFI Fund, in its sole 

discretion, may pay TA award funds in 

amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

f. The Recipient must comply, as 

applicable, with the Buy American Act 

of 1933, 41 U.S.C. 8301–8303 and 

section 2 CFR 200.216 of the Uniform 

Requirements, with respect to any 

Direct Costs. 

V. Application Review Information 

A. Criteria: If the Applicant has 

submitted an eligible Application, the 

CDFI Fund will conduct a substantive 

review in accordance with the criteria 

and procedures described in the 

Regulations, this NOFA, the Application 

guidance, and the Uniform 

Requirements. The CDFI Fund reserves 

the right to contact the Applicant by 

telephone, email, or mail for the 

purpose of clarifying or confirming 

Application information. If contacted, 

the Applicant must respond within the 

time period communicated by the CDFI 

Fund or risk that its Application will be 

rejected. The CDFI Fund will review the 

Base-FA, DF–FA, PPC–FA, HFFI–FA, 

and TA Applications in accordance 

with the process below. All internal and 

external reviewers will complete the 

CDFI Fund’s conflict of interest process. 

The CDFI Fund’s Application conflict of 

interest policy is located on the CDFI 

Fund’s website. 

1. Base-FA Application Scoring, 

Award Selection, Review, and Selection 

Process: The CDFI Fund will evaluate 

each Application using a five-step 

review process illustrated in the 

sections below. Applicants that meet the 

minimum criteria will advance to the 

next step in the review process. 

Applicants applying as a Community 

Partnership must describe the 

partnership in the Application pursuant 

to the requirements set forth in Table 8, 

and will be evaluated in accordance 

with the review process described 

below. 

a. Step 1: Eligibility Review: The CDFI 

Fund will evaluate each Application to 

determine its eligibility status pursuant 

to Section III of this NOFA. 

b. Step 2: Financial Analysis and 

Compliance Risk Evaluation: 

i. Step 2: Financial Analysis: For 

Regulated Institutions, the CDFI Fund 

will consider financial safety and 

soundness information from the 

Appropriate Federal or State Banking 

Agency. As detailed in Table 8, each 

Regulated Institution FA Applicant 

(including a subsidiary Depository 

Institution that will expend and carry 

out the activities of an award on behalf 

of a Depository Institution Holding 

Company Applicant) must have a 

CAMELS/CAMEL rating of at least ‘‘3’’ 

and/or no significant material concerns 

from its regulator and a CRA assessment 

rating of at least ‘‘Satisfactory’’. 

For non-regulated Applicants, the 

CDFI Fund will evaluate the financial 

health and viability of each nonregulated Applicant using financial 

information provided by the Applicant. 

For the financial analysis, each nonregulated Applicant will receive a Total 

Financial Composite Score on a scale of 

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

highest rating. The Total Financial 

Composite Score is based on the 

analysis of twenty-three (23) financial 

indicators. Applications will be grouped 

based on the Total Financial Composite 

Score. Applicants must receive a Total 

Financial Composite Score of one (1), 

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

3. Applicants that receive an initial 

Total Financial Composite Score of four 

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

re-scored by CDFI Fund staff. If the 

Total Financial Composite Score 

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

Fund staff review, the Applicant will 

not advance to Step 3. 

ii. Step 2: Compliance Risk 

Evaluation: For the compliance 

analysis, the CDFI Fund will evaluate 

the compliance risk of each Applicant 

using information provided in the 

Application as well as an Applicant’s 

reporting history, reporting capacity, 

and performance risk with respect to 

meeting the PG&Ms set forth in the 

Assistance Agreement. Each Applicant 

will receive a Total Compliance 

Composite Score on a scale of one (1) to 

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

rating. Applicants that receive an initial 

Total Compliance Composite Score of 

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

by CDFI Fund staff. If the Applicant is 

deemed a high compliance risk after 

CDFI Fund staff review, the Applicant 

will not advance to Step 3. 


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

most recent historic fiscal year end is determined 

as follows: 

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

will treat FY 2023 as their most recent historic 

fiscal year and FY 2024 as their current year. 

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

and a completed FY 2023 audit will treat FY 2023 

as their most recent historic fiscal year and FY 2024 

as their current year. 

Continued 

c. Step 3: Business Plan Review: 

Applicants that proceed to Step 3 will 

be evaluated on the soundness of their 

comprehensive business plan. Two 

external non-CDFI Fund Reviewers will 

conduct the Step 3: Business Plan 

Review. Reviewers will evaluate the 

Application sections listed in Table 13. 

All Applications will be reviewed in 

accordance with standard reviewer 

evaluation materials. At the conclusion 

of the Step 3 evaluation, Applications 

will be ranked based on Total Business 

Plan Scores, in descending order from 

highest Total Business Plan Score to 

lowest Total Business Plan Score. An 

amount up to but not exceeding the 

highest scoring 70% of NACA FA 

Applicants in the NACA FA Applicant 

pool will progress to Step 4. If a tie in 

Total Business Plan Scores would 

prevent an Applicant from moving to 

Step 4, all Applicants with the same 

score will progress to Step 4. Lastly, the 

CDFI Fund may consider the geographic 

diversity of Applicants based on 

primary geographic market served 

(Major Urban Area, Micropolitan Area, 

Minor Urban Area, and Rural Area) 

when determining the Step 4 Applicant 

pool. 

Based on funding availability for 

NACA Base-FA Applicants, the CDFI 

Fund reserves the right to limit the 

number of Applicants that progress from 

Step 3 to Step 4 to ensure that the CDFI 

Program can meaningfully vary award 

amounts among Applicants with 

different Step 4 Policy Objective scores, 

while maintaining minimum award 

amounts specified in Table 2. In cases 

where funding availability is not 

sufficient to progress all Applicants 

within the top 70% of the NACA FA 

Applicant pool from Step 3 to Step 4, 

priority will be given to Applicants that 

score highest on the Total Business Plan 

Score. 

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

Base-FA application sections Possible score Score needed to advance 

Mission and Community Needs ............................................................... Scored as a component of the 

other Base-FA Application Sections.

N/A. 

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

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

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

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

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

Total Business Plan Score ............................................................... 50 .................................................. NACA Applicants: Up to but not 

exceeding top 70% of all NACA 

Applicants. 

d. Step 4: Policy Objective Review: 

The CDFI Fund internal reviewers will 

evaluate each Application to determine 

its ability to meet policy objectives of 

the CDFI Fund. Each Applicant will be 

evaluated in each of the categories listed 

in Table 14, and will receive a Total 

Policy Objective Review Score on a 

scale of one (1) to five (5), with one (1) 

being the highest score. Applicants are 

then grouped according to Total Policy 

Objective Review Scores. 

The CDFI Fund also conducts a due 

diligence review for Applicants that 

includes an analysis of programmatic 

risk factors including, but not limited to: 

history of performance in managing 

Federal awards (including timeliness of 

reporting and compliance); ability to 

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

reports and findings from audits; and 

ability to effectively implement federal 

requirements, each of which could 

impact the Total Policy Objective 

Review Score. 

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

Section Possible scores High 

score 

Score needed 

to advance 

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

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

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

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

e. Step 5: Award Amount 

Determination: The CDFI Fund 

determines an award amount for each 

Application based on the Step 4 Total 

Policy Objective Review Score, the 

Applicant’s request amount, and on 

certain other factors, including, but not 

limited to, the Applicant’s deployment 

track record, minimum award size, and 

funding availability. Applicants may 

have award amounts reduced from the 

requested award amount or not funded 

as a result of this analysis. Based on 

funding availability for NACA Base-FA, 

the CDFI Fund reserves the right to not 

award all Applicants that advance to 

Step 5. In cases where funding 

availability is not sufficient to award all 

Applications, priority will be given to 

Applicants that score highest on the 

Step 4 Policy Objective Review: For 

NACA FA Applicants, the award cannot 

exceed 100% of the Applicant’s total 

portfolio outstanding as of the 

Applicant’s most recent historic fiscal 

year end,9 or the minimum award size 


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

but without a completed FY 2023 audit will treat 

FY 2022 as their most recent historic fiscal year and 

FY 2023 as their current year. 

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

will treat FY 2022 as their most recent historic 

fiscal year and FY 2023 as their current year. 

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

will treat FY 2022 as their most recent historic 

fiscal year and FY 2023 as their current year. 

as noted in Table 2, whichever is 

greater. 

2. HFFI–FA Application Scoring, 

Award Selection, Review, and Selection 

Process: A CDFI Fund internal reviewer 

will evaluate each HFFI–FA Application 

associated with a Base-FA Application 

that progresses to Step 4 of the FA 

Application review process. The 

reviewer will evaluate the Application 

sections listed in Table 15 and assign a 

Total HFFI- FA Score up to 60 points. 

The CDFI Fund will make awards to the 

highest scoring Applicants first. All 

Applications will be reviewed in 

accordance with standard reviewer 

evaluation materials. Applicants that 

fail to receive a Base-FA award will not 

be considered for a HFFI–FA award. 

The CDFI Fund conducts additional 

levels of due diligence for Applications 

that are under consideration for an 

HFFI–FA award. Award amounts may 

be reduced from the requested award 

amount as a result of this analysis. The 

CDFI Fund may reduce awards sizes 

from requested amounts based on 

certain variables, including but not 

limited to, an Applicant’s loan 

disbursement activity, total portfolio 

outstanding, or compliance with prior 

HFFI–FA awards. Lastly, the CDFI Fund 

may consider the geographic diversity of 

Applicants when making its funding 

decisions. 

TABLE 15—STEP 4 HFFI–FA APPLICATION SCORING CRITERIA

Sections Possible score 

(points) 

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

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

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

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

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

Total HFFI- FA Score ............................................................................................................................................................. 60 

3. PPC–FA Application Scoring, 

Award Selection, Review, and Selection 

Process: A CDFI Fund internal reviewer 

will evaluate the PPC–FA request of 

each PPC–FA Application associated 

with a Base-FA Application that 

progresses to Step 4 of the FA 

Application review process. PPC–FA 

requests are not scored. PPC–FA award 

amounts will be determined based on 

the total number of eligible Applicants 

and funding availability, the Applicant’s 

requested amount, and on certain 

factors, including but not limited to, an 

Applicant’s overall portfolio size, 

historical track record of deployment in 

PPC, pipeline of projects in PPC, 

minimum award size, and funding 

availability. Applicants that fail to 

receive a Base-FA award will not be 

considered for a PPC–FA award. 

4. DF–FA Application Scoring, Award 

Selection, Review, and Selection 

Process: A CDFI Fund internal reviewer 

will evaluate each DF–FA Application 

associated with a Base-FA Application 

that progresses to Step 4 of the FA 

Application review process. The 

reviewer will evaluate the Application 

and assign a Total DF–FA Score on a 

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

being the highest score. Applicants are 

then grouped according to Total DF–FA 

Score. All Applications will be 

reviewed in accordance with standard 

reviewer evaluation materials. 

Applicants that fail to receive a Base-FA 

award will not be considered for a DF– 

FA award. Award amounts will be 

determined on the basis of the Total 

DF–FA Score, the Applicant’s requested 

amount, and on certain factors, 

including but not limited to, an 

Applicant’s deployment track record, 

minimum award size, and funding 

availability. Award amounts may be 

reduced from the requested award 

amount as a result of this analysis. The 

CDFI Fund will make awards to the 

highest scoring Applicants first. 

TABLE 16—STEP 3 DF–FA APPLICATION SCORING CRITERIA

Section Possible scores High score 

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

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

5. TA Application Scoring, Award 

Selection, Review, and Selection 

Process: The CDFI Fund will evaluate 

each Application to determine its 

eligibility pursuant to Section III of this 

NOFA. If the Application satisfies the 

eligibility criteria, the CDFI Fund will 

conduct the TA Business Plan Review 

in two parts. Sponsoring Entity or 

Emerging CDFI Applicants must receive 

a rating of Low Risk or Medium Risk in 

Part I of the TA Business Plan Review 

to progress to Part II of the TA Business 

Plan Review. Sponsoring Entity, or 

Emerging CDFI Applicants that receive 

a rating of High Risk in Part I of the TA 

Business Plan Review will not be 

considered for an award. Part I of the 

TA Business Plan Review is not 

applicable for Certified CDFI 

Applicants. Sponsoring Entity, 

Emerging CDFI, and Certified CDFI 

Applicants must receive a rating of Low 

Risk or Medium Risk in Part II of the TA 

Business Plan Review to be considered 

for an award. Applicants that receive a 

rating of High Risk in Part II of the TA 

Business Plan Review will not be 

considered for an award. 

An Applicant that is a Certified CDFI 

will be evaluated on the demonstrated 

need for a TA award to build the CDFI’s 

capacity, further the Applicant’s 

strategic goals, and achieve impact 


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within the Applicant’s Target Market. 

An Applicant that is an Emerging CDFI 

will be evaluated on the Applicant’s 

demonstrated capability and plan to 

achieve CDFI CDFI Certification within 

three years, or if a prior Recipient, the 

CDFI Certification PG&M stated in its 

prior Assistance Agreement. An 

Applicant that is an Emerging CDFI will 

also be evaluated on its demonstrated 

need for a TA award to build the CDFI’s 

capacity and further its strategic goals. 

An Applicant that is a Sponsoring 

Entity will be rated on its demonstrated 

capability to create a separate legal 

entity within one year that will achieve 

CDFI Certification within four years. An 

Applicant that is a Sponsoring Entity 

will also be rated on its demonstrated 

need for a TA award to build the CDFI’s 

capacity and further its strategic goals. 

The CDFI Fund will rate each part of the 

TA Business Plan Review as indicated 

in Table 17. 

TABLE 17—TA BUSINESS PLAN REVIEW

Business plan review component Applicant type Ratings 

Part I: 

Primary Mission ................................... Sponsoring Entity and Emerging CDFI Applicants ......... Low Risk, Medium Risk, or High Risk. 

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

Target Market ...................................... Sponsoring Entity and Emerging CDFI Applicants.

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

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

Part II: 

Target Market Needs & Strategy ........ Sponsoring Entity, Emerging CDFI, and Certified CDFI 

Applicants.

Low Risk, Medium Risk, or High Risk. 

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

Applicants.

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

Applicants.

Each TA Application will be 

evaluated by one internal CDFI Fund 

reviewer. The Business Plan Reivew of 

all Applications will be reviewed in 

accordance with CDFI Fund standard 

reviewer evaluation materials. 

The CDFI Fund conducts additional 

levels of due diligence for Applications 

that are under consideration for an 

award. This due diligence includes an 

analysis of programmatic and financial 

risk factors including, but not limited to, 

financial stability, history of 

performance in managing Federal 

awards (including timeliness of 

reporting and compliance), reports and 

findings from audits, and the 

Applicant’s ability to effectively 

implement federal requirements. The 

CDFI Fund will also evaluate the 

compliance risk of each Applicant using 

information provided in the Application 

as well as an Applicant’s reporting 

history, reporting capacity, and 

performance risk with respect to 

meeting the PG&Ms set forth in the 

Assistance Agreement. Each Applicant 

will receive a Total Compliance 

Composite Score on a scale of one (1) to 

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

rating. Applicants that receive an initial 

Total Compliance Composite Score of 

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

by CDFI Fund staff. If the Applicant is 

deemed a high compliance risk after 

CDFI staff review, the Applicant will 

not be considered for an award. The 

CDFI Fund will also evaluate the 

Applicant’s ability to meet CDFI 

Certification criteria of being a legal 

entity and a non-government entity. 

Award amounts may be reduced as a 

result of the due diligence analysis in 

addition to consideration of the 

Applicant’s funding request and similar 

factors. Lastly, the CDFI Fund may 

consider the geographic diversity of 

Applicants when making its funding 

decisions. 

6. Regulated Institutions: The CDFI 

Fund will consider safety and 

soundness information from the 

Appropriate Federal or State Banking 

Agency. If the Applicant is a CDFI 

Depository Institution Holding 

Company, the CDFI Fund will consider 

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 (including any concerns for 

Subsidiary Depository Institutions 

carrying out the activities of an award 

on behalf of a CDFI Depository 

Institution Holding Company), the CDFI 

Fund will assess whether such concerns 

cause or will cause the Applicant to be 

incapable of undertaking the activities 

for which funding has been requested. 

7. Non-Regulated Institutions: The 

CDFI Fund must ensure, to the 

maximum extent practicable, that 

Recipients which are non-regulated 

CDFIs are financially and managerially 

sound, and maintain appropriate 

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

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

CDFI Fund must determine that an 

Applicant’s capacity to operate as a 

CDFI and its continued viability will not 

be dependent upon assistance from the 

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

it is determined that the Applicant is 

incapable of meeting these 

requirements, the CDFI Fund reserves 

the right to deem the Applicant 

ineligible or terminate the award. 

B. Anticipated Award Announcement: 

The CDFI Fund anticipates making the 

NACA Program award announcement 

before September 30, 2024. However, 

the anticipated award announcement 

date is subject to change without notice. 

C. Application Rejection: The CDFI 

Fund reserves the right to reject an 

Application if information (including 

administrative errors) comes to the CDFI 

Fund’s attention that: adversely affects 

an Applicant’s eligibility for an award; 

adversely affects the Recipient’s CDFI 

Certification (to the extent that the 

award is conditional upon CDFI 

Certification); adversely affects the CDFI 

Fund’s evaluation or scoring of an 

Application; or indicates fraud or 

mismanagement on the Applicant’s part. 

If the CDFI Fund determines any 

portion of the Application is incorrect 

in a material respect, the CDFI Fund 

reserves the right, in its sole discretion, 

to reject the Application. The CDFI 

Fund reserves the right to change its 

eligibility and evaluation criteria and 

procedures, if the CDFI Fund deems it 

appropriate. If the changes materially 

affect the CDFI Fund’s award decisions, 

the CDFI Fund will provide information 

about the changes through its website. 

The CDFI Fund’s award decisions are 


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final, and there is no right to appeal 

decisions. 

D. External Non-CDFI Fund 

Reviewers: All external non-CDFI Fund 

reviewers are selected based on criteria 

that includes a professional background 

in community and economic 

development finance, and experience 

reviewing the financial statements of all 

CDFI institution types. Reviewers must 

complete the CDFI Fund’s conflict of 

interest process and be approved by the 

CDFI Fund. The CDFI Fund’s 

Application reader conflict of interest 

policy is located on the CDFI Fund’s 

website. 

VI. Federal Award Administration 

Information 

A. Award Notification: Each 

successful Applicant will receive an 

email ‘‘notice of award’’ notification 

from the CDFI Fund stating that its 

Application has been approved for an 

award. Each Applicant not selected for 

an award will receive an email stating 

that a debriefing notice has been 

provided in its AMIS account. 

B. Assistance Agreement: Each 

Applicant selected to receive an award 

must enter into an Assistance 

Agreement with the CDFI Fund in order 

to receive a payment(s). The Assistance 

Agreement will set forth the award’s 

terms and conditions, including but not 

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

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

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

reporting requirements. FA Assistance 

Agreements have three-year Periods of 

Performance. TA Assistance Agreements 

have two-year Periods of Performance 

for Certified CDFIs, three-year Periods of 

Performance for Emerging CDFIs, and 

four-year Periods of Performance for 

Sponsoring Entity Recipients. Upon 

creation of the Emerging CDFI, the 

Sponsoring Entity must request the 

CDFI Fund to amend the Assistance 

Agreement and add the Emerging CDFI 

as a party thereto. The Emerging CDFI, 

as co-Recipient, will be subject to all of 

the terms and conditions of the 

Assistance Agreement, including all 

PG&Ms. 

1. Certificate of Good Standing: All 

FA and TA Recipients that are not 

Regulated Institutions will be required 

to provide the CDFI Fund with a 

certificate of good standing from the 

secretary of state for the Recipient’s 

jurisdiction of formation prior to 

closing. This certificate can often be 

acquired online on the secretary of state 

website for the Recipient’s jurisdiction 

of formation and must generally be 

dated within 180 days prior to the 

Federal Award Date of the Assistance 

Agreement. Due to potential backlogs in 

state government offices, Applicants are 

advised to submit requests for 

certificates of good standing no later 

than 60 days after they submit their 

Applications. 

2. Closing: Pursuant to the Assistance 

Agreement, there will be an initial 

closing at which point the Assistance 

Agreement and related documents will 

be properly executed and delivered, and 

an initial payment of FA or TA may be 

made. The first payment is the 

estimated amount of the award that the 

Recipient states in its Application that 

it will use for eligible FA or TA 

activities in the first 12 months after the 

award announcement. The first payment 

request amount entered in the 

Application must be greater than zero. 

The CDFI Fund reserves the right to 

increase the first payment amount on 

any award to ensure that any 

subsequent payments are at least 

$25,000 for FA and $5,000 for TA 

awards. 

The CDFI Fund will minimize the 

time between the Recipient incurring 

costs for eligible activities and award 

payment(s) in accordance with the 

Uniform Requirements. Advanced 

payments for eligible activities will 

occur no more than one year in advance 

of the Recipient incurring costs for the 

eligible activities. Following the initial 

closing, there may be subsequent 

closings involving additional award 

payments. Any documentation in 

addition to the Assistance Agreement 

that is connected with such subsequent 

closings and payments shall be properly 

executed and timely delivered by the 

Recipient to the CDFI Fund. 

3. Requirements Prior to Entering into 

an Assistance Agreement: If, prior to 

entering into an Assistance Agreement, 

information (including administrative 

errors) comes to the CDFI Fund’s 

attention that: adversely affects the 

Recipient’s eligibility for an award; 

adversely affects the Recipient’s CDFI 

Certification (to the extent that the 

award is conditional upon CDFI 

Certification); adversely affects the CDFI 

Fund’s evaluation of the Application; 

indicates that the Recipient is not in 

compliance with any requirement listed 

in the Uniform Requirements; indicates 

that the Recipient is not in compliance 

with a term or condition of any prior 

Award Agreement, Assistance 

Agreement, and/or Allocation 

Agreement from the CDFI Fund; 

indicates the Recipient has failed to 

execute and return a prior round 

Assistance Agreement to the CDFI Fund 

within the CDFI Fund’s deadlines; or 

indicates fraud or mismanagement on 

the Recipient’s part, the CDFI Fund 

may, in its discretion and without 

advance notice to the Recipient, 

terminate the award or take such other 

actions as it deems appropriate. The 

CDFI Fund reserves the right, in its sole 

discretion, to rescind an award if the 

Recipient fails to return the Assistance 

Agreement, signed by the Authorized 

Representative of the Recipient, and/or 

provide the CDFI Fund with any 

requested documentation, within the 

CDFI Fund’s deadlines. 

In addition, the CDFI Fund reserves 

the right, in its sole discretion, to 

terminate and rescind the Assistance 

Agreement and the award made under 

this NOFA pending the criteria 

described in Table 18. 

TABLE 18—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 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 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. 


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TABLE 18—REQUIREMENTS PRIOR TO EXECUTING AN ASSISTANCE AGREEMENT—Continued 

Requirement Criteria 

Failure to maintain CDFI Certification.• An FA Recipient must be a Certified CDFI prior to the award announcement date. 

• If an FA Recipient fails to maintain CDFI Certification, the CDFI Fund will not execute the Assistance 

Agreement and will terminate and rescind the award made under this NOFA 

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

• If a Certified CDFI TA Recipient fails to maintain CDFI Certification, the CDFI Fund will not execute the 

Assistance Agreement and will terminate and rescind the 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 award 

made under this NOFA. 

Noncompliance or default status .... • If, at any time prior to entering into an Assistance Agreement, the CDFI Fund determines that a Recipient is noncompliant or found in default with any previously executed CDFI Fund award(s), allocation(s), 

bond loan agreement(s), or agreement(s) to guarantee, and the CDFI Fund has provided written notification that the Recipient is ineligible to apply for or receive any future awards or allocations for a time period specified by the CDFI Fund in writing, the CDFI Fund may delay entering into an Assistance Agreement until the Recipient has cured the noncompliance and/or default by taking actions the CDFI Fund 

has specified within such specified timeframe. If the Recipient is unable to cure the noncompliance and/ 

or default within the specified timeframe, the CDFI Fund may terminate and rescind the Assistance 

Agreement and the award made under this NOFA. 

Compliance with federal civil rights 

requirements.

• If, 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.); Fair Housing Act (42 U.S.C. 3601 et seq.); Equal Credit 

Opportunity Act (15 U.S.C. 1691 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 Do Not Pay Business Center was developed to support federal agencies in their efforts to reduce 

the number of improper payments made through programs funded by the federal government. 

• The CDFI Fund reserves the right, in its sole discretion, to rescind an award if the Recipient (or Affiliate 

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

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

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

into an Assistance Agreement. 

C. Reporting: 

1. Reporting requirements: On an 

annual basis during the Period of 

Performance, the CDFI Fund may collect 

information from each Recipient 

including, but not limited to, an Annual 

Report with the following components 

(Annual Reporting Requirements): 

TABLE 19—ANNUAL REPORTING REQUIREMENTS * 

Financial Statement Audit Report (Non-profit 

Recipient including Insured Credit Unions 

and State-Insured Credit Unions).

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

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

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

for additional audits not otherwise required under Uniform Requirements or otherwise prepared at the request of 

the Recipient or parties other than the CDFI Fund. 

Financial Statement Audit Report (For-Profit 

Recipient).

For-profit Recipients must submit an FSA Report in AMIS, along with the Recipient’s statement of financial condition 

audited or reviewed by an independent certified public accountant. 

Financial Statement Audit Report (Depository 

Institution Holding Company and Insured Depository Institution).

If the Recipient is a Depository Institution Holding Company or an Insured Depository Institution, it must submit an 

FSA Report in AMIS. 

Financial Statement Audit Report (Sponsoring 

Entities).

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

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

Under no circumstances should this be construed as the CDFI Fund requiring the Sponsoring Entity to conduct or 

arrange for additional audits not otherwise required under Uniform Requirements or otherwise prepared at the request of the Sponsoring Entity or parties other than the CDFI Fund. 


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86014 Federal Register / Vol. 88, No. 236 / Monday, December 11, 2023 / Notices 

TABLE 19—ANNUAL REPORTING REQUIREMENTS *—Continued 

Single Audit Report (Non-Profit Recipients, if 

applicable).

A non-profit Recipient must complete an annual Single Audit pursuant to the Uniform Requirements (see 2 CFR 

Subpart F-Audit Requirements) if it expends $750,000 or more in Federal awards in its fiscal year, or such other 

dollar threshold established by OMB pursuant to 2 CFR 200.501. If a Single Audit is required, it must be submitted electronically to the Federal Audit Clearinghouse (FAC) (see 2 CFR Subpart F-Audit Requirements in the 

Uniform Requirements) and optionally through AMIS. 

Federal Financial Report/OMB Standard Form 

425 (SF 425).

The Recipient must annually submit the SF–425 Federal Financial Report to the CDFI Fund through AMIS to disclose how much of the CDFI Program award funds were expended during the federal government’s fiscal year of 

October 1 through September 30. 

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

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

through its Subsidiary CDFI Insured Depository Institution, that Subsidiary CDFI Insured Depository Institution 

must also submit a TLR. Furthermore, if the Depository Institution Holding Company itself deploys any portion of 

the Financial Assistance, the Depository Institution Holding Company must submit a TLR. 

The TLR is not required for TA Recipients. 

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

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

through its Subsidiary CDFI Insured Depository Institution, that Subsidiary CDFI Insured Depository Institution 

must also submit a Uses of Award Report. Furthermore, if the Depository Institution Holding Company itself deploys any portion of the Financial Assistance, the Depository Institution Holding Company must submit a Uses of 

Award Report. 

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

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

through its Subsidiary CDFI Insured Depository Institution, that Subsidiary CDFI Insured Depository Institution 

must also submit a Performance Progress Report. Furthermore, if the Depository Institution Holding Company 

itself deploys any portion of the Financial Assistance, the Depository Institution Holding Company must submit a 

Performance Progress Report. 

Annual Certification and Data Collection Report 

(ACR).

TA Recipients that are Certified at the time of award announcement and all FA Recipients must submit the ACR to 

the CDFI Fund through AMIS. 

If a TA Recipient is an uncertified CDFI at the time of award announcement, it must submit the ACR to the CDFI 

Fund through AMIS subsequent to obtaining CDFI Certification, as per the ACR reporting schedule. 

* Personally Identifiable Information (PII) is information, which if lost, compromised, or disclosed without authorization, could result in substantial 

harm, embarrassment, inconvenience, or unfairness to an individual. Although Applicants are required to enter addresses of individual borrowers/ 

residents of Distressed Communities in AMIS, Applicants should not include the following PII for the individuals who received the Financial Products or Financial Services in AMIS or in the supporting documentation (i.e., name of the individual, Social Security Number, driver’s license or state 

identification number, passport number, Alien Registration Number, etc.). This information should be redacted from all supporting documentation. 

Each Recipient is responsible for the 

timely and complete submission of the 

Annual Reporting Requirements. 

Sponsoring Entities with co-Recipients 

will be informed of any changes to 

reporting obligations at the time the 

Emerging CDFI is joined to the 

Assistance Agreement. The CDFI Fund 

reserves the right to contact the 

Recipient and additional entities or 

signatories to the Assistance Agreement 

to request additional information and/or 

documentation. The CDFI Fund will use 

such information to monitor each 

Recipient’s compliance with the 

requirements of the Assistance 

Agreement and to assess the impact of 

the NACA Program. The CDFI Fund 

reserves the right, in its sole discretion, 

to modify these reporting requirements, 

including increasing the scope and 

frequency of reporting, if it determines 

it to be appropriate and necessary; 

however, such reporting requirements 

will be modified only after notice to 

Recipients. 

2. Financial Management and 

Accounting: The CDFI Fund will require 

Recipients to maintain financial 

management and accounting systems 

that comply with federal statutes, 

regulations, and the terms and 

conditions of the Federal award. These 

systems must be sufficient to permit the 

preparation of reports required by the 

CDFI Fund to ensure compliance with 

the terms and conditions of the NACA 

Program, including the tracing of award 

funds to a level of expenditures 

adequate to establish that such award 

funds have been used in accordance 

with federal statutes, regulations, and 

the terms and conditions of the Federal 

award. 

The cost principles used by 

Recipients must be consistent with 

federal cost principles and support the 

accumulation of costs as required by the 

principles, and must provide for 

adequate documentation to support 

costs charged to the NACA Program 

award. In addition, the CDFI Fund will 

require Recipients to: maintain effective 

internal controls; comply with 

applicable statutes, regulations, and the 

Assistance Agreement; evaluate and 

monitor compliance; take appropriate 

action when not in compliance; and 

safeguard personally identifiable 

information. 

VII. Agency Contacts 

A. The CDFI Fund will respond to 

questions concerning this NOFA and 

the Application between the hours of 9 

a.m. and 5 p.m. Eastern Time, starting 

on the date that the NOFA is published 

through the date listed in Table 1 and 

Table 12. The CDFI Fund strongly 

recommends Applicants submit 

questions to the CDFI Fund via an AMIS 

Service Request to the NACA Program, 

Certification, Compliance Monitoring 

and Evaluation (CCME), or IT Help 

Desk. The CDFI Fund will post on its 

website responses to reoccurring 

questions received about the NOFA and 

Application. Other information 

regarding the CDFI Fund and its 

programs may be obtained from the 

CDFI Fund’s website at http://

www.cdfifund.gov. Table 20 lists CDFI 

Fund contact information: 

TABLE 20—CONTACT INFORMATION

Type of question Preferred method Telephone number 

(not toll free) Email addresses 

NACA Program .................................................................................................... Service Request via AMIS ........ 202–653–0421, option 

1.

cdfihelp@cdfi.treas.gov. 

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

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


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Federal Register / Vol. 88, No. 236 / Monday, December 11, 2023 / Notices 86015 

TABLE 20—CONTACT INFORMATION—Continued 

Type of question Preferred method Telephone number 

(not toll free) Email addresses 

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

B. Information Technology Support:

For IT assistance, the preferred method 

of contact is to submit a Service Request 

within AMIS. For the Service Request, 

select ‘‘Technical Issues’’ from the 

Program dropdown menu of the Service 

Request. People who have visual or 

mobility impairments that prevent them 

from using the CDFI Fund’s website 

should call (202) 653–0422 for 

assistance (this is not a toll free 

number). 

C. Communication with the CDFI

Fund: The CDFI Fund will use the 

contact information in AMIS to 

communicate with Applicants and 

Recipients. It is imperative, therefore, 

that Applicants, Recipients, 

Subsidiaries, Affiliates, and signatories 

maintain accurate contact information 

in their accounts. This includes 

information such as contact names 

(especially for the Authorized 

Representative), email addresses, fax 

and phone numbers, and office 

locations. 

D. Civil Rights and 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, religion, 

national origin, age, sex, marital status, 

familial status, 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. Paperwork Reduction Act: Under

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

chapter 35), an agency may not conduct 

or sponsor a collection of information, 

and an individual is not required to 

respond to a collection of information, 

unless it displays a valid OMB control 

number. If applicable, the CDFI Fund 

may inform Applicants that they do not 

need to provide certain Application 

information otherwise required. 

Pursuant to the Paperwork Reduction 

Act, the CDFI Program, and NACA 

Program Application has been assigned 

the following control number: 1559– 

0021 inclusive of PPC–FA, DF–FA, and 

HFFI–FA. 

B. Application Information Sessions:

The CDFI Fund may conduct webinars 

or host information sessions for 

organizations that are considering 

applying to, or are interested in learning 

about, the CDFI Fund’s programs. For 

further information, visit the CDFI 

Fund’s website at http://

www.cdfifund.gov. 

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

CFR parts 1805 and 1815; 2 CFR part 

200. 

Marcia Sigal, 

Acting Director, Community Development 

Financial Institutions Fund. 

[FR Doc. 2023–27139 Filed 12–8–23; 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 U.S. 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 

(SDN 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. persons 

are generally prohibited from engaging 

in transactions with them. 

DATES: See SUPPLEMENTARY INFORMATION

section for applicable date(s). 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Bradley T. Smith, Director, tel.: 

202–622–2490; Associate Director for 

Global Targeting, tel.: 202–622–2420; 

Assistant Director for Licensing, tel.: 

202–622–2480; Assistant Director for 

Regulatory Affairs, tel.: 202–622–4855; 

or the Assistant Director for 

Enforcement, Compliance and Analysis, 

tel.: 202–622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The SDN List and additional 

information concerning OFAC sanctions 

programs are available on OFAC’s 

website (https://www.treasury.gov/ofac). 

Notice of OFAC Action[s] 

On December 5, 2023, OFAC 

determined that the property and 

interests in property subject to U.S. 

jurisdiction of the following persons are 

blocked under the relevant sanctions 

authorities listed below. 

Individuals 

1. DE GEETERE, Tom (a.k.a. DE

GEETERE, Tom Maria; a.k.a. DE 

GEETERE, Tom Maria Leonza Edward), 

Belgium; DOB 26 Feb 1964; nationality 

Belgium; Gender Male; Passport 

EH641188 (Belgium) expires 23 Aug 

2014 (individual) [RUSSIA–EO14024] 

(Linked To: EUROPEAN TECHNICAL 

TRADING). 

Designated pursuant to section 

1(a)(iii)(C) of Executive Order 14024 of 

April 15, 2021, ‘‘Blocking Property With 

Respect To Specified Harmful Foreign 

Activities of the Government of the 

Russian Federation,’’ 86 FR 20249, 3 

CFR, 2021 Comp., p. 542 (Apr. 15, 2021) 

(E.O. 14024), for being or having been a 

leader, official, senior executive officer, 

or member of the board of directors of 

EUROPEAN TECHNICAL TRADING, a 

person whose property and interests in 

property are blocked pursuant to E.O. 

14024. 

2. DE GEETERE, Hans (a.k.a. DE

GEETERE, Hans Maria Christiane Herve; 

a.k.a. ‘‘DE GEETERE, Hmch’’; a.k.a.

‘‘Dick Boss’’), Paul Parmentierlaan 121,

Knokke Heist 8300, Belgium;

Nyckeesstraat 4, Knokke Heist 8300,


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