[Federal Register Volume 88, Number 236 (Monday, December 11, 2023)]
[Notices]
[Pages 85995-86015]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-27139]


-----------------------------------------------------------------------

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        January 16, 2024............  11:59 p.m. ET...............  AMIS.
 Account (all Applicants).
Last day to enter Employer        January 16, 2024............  11:59 p.m. ET...............  AMIS.
 Identification Number (EIN) and
 Unique Entity Identifier (UEI)
 in AMIS (all Applicants).
Last day to submit SF-424         January 16, 2024............  11:59 p.m. ET...............  Electronically via
 Mandatory Form (Application for                                                               Grants.gov.
 Federal Assistance).
Last day to contact NACA Program  February 13, 2024...........  5 p.m. ET...................  Service Request
 staff.                                                                                        via AMIS or CDFI
                                                                                               Fund Helpdesk:
                                                                                               202-653-0421.
Last day to contact AMIS-IT Help  February 15, 2024...........  5 p.m. ET...................  Service Request
 Desk (regarding AMIS technical                                                                via AMIS or 202-
 problems only).                                                                               653-0422 or
                                                                                               <a href="/cdn-cgi/l/email-protection#5f1e12160c1f3c3b3936712b2d3a3e2c71383029"><span class="__cf_email__" data-cfemail="85c4c8ccd6c5e6e1e3ecabf1f7e0e4f6abe2eaf3">[email protected]</span></a>.
Last day to submit Title VI       February 15, 2024...........  11:59 p.m. ET...............  AMIS.
 Compliance Worksheet (all
 Applicants) \1\.
Last day to submit NACA Program   February 15, 2024...........  11:59 p.m. ET...............  AMIS.
 Application for Financial
 Assistance (FA) or Technical
 Assistance (TA).
Last day to contact               March 1, 2024...............  11:59 p.m. ET...............  Service Request\2\
 Certification, Compliance                                                                     via the Awards
 Monitoring and Evaluation                                                                     Management
 (CCME) Help Desk regarding CDFI                                                               Information
 Certification Application for                                                                 System (AMIS).
 uncertified FA Applicants.
Last day to submit CDFI           March 5, 2024...............  11:59 p.m. ET...............  AMIS.
 Certification Applications for
 uncertified FA Applicants.
----------------------------------------------------------------------------------------------------------------

    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

[[Page 85996]]

Communities. All awards provided through this NOFA are subject to 
funding availability.
---------------------------------------------------------------------------

    \1\ 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\ Service Request shall mean a written inquiry or notification 
submitted to the CDFI Fund via AMIS.
---------------------------------------------------------------------------

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
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                             Estimated             Award amount                              Estimated
                                                           total  amount --------------------------------    Estimated        average         Average
Funding categories  (see definition in Table 7 for TA or  to be  awarded                                    number  of     amount  to be      amount
                     Table 8 for FA)                       (millions) FY      Minimum         Maximum       awards  FY      awarded  FY   awarded in  FY
                                                               2024                                            2024            2024            2022
--------------------------------------------------------------------------------------------------------------------------------------------------------
Base-FA.................................................           $36.5        $150,000      $2,000,000              20      $1,826,000        $900,000
Persistent Poverty Counties--Financial Assistance (PPC-              6.3         100,000         600,000              11         571,000         280,000
 FA)....................................................
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             48.0         500,000      10,000,000              10       4,800,000       2,875,000
 (HFFI-FA) *............................................
--------------------------------------------------------------------------------------------------------------------------------------------------------
* 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

[[Page 85997]]

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 Initiative-Financial 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 
Base-FA 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.
---------------------------------------------------------------------------

    \3\ Matching 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.
    \4\ A 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.
---------------------------------------------------------------------------

    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

[[Page 85998]]

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.
---------------------------------------------------------------------------

    \5\ Although 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.
    \6\ Budget Period means the time interval from the start date of 
a funded portion of an award to the end date of that funded portion 
during which Recipients are authorized to expend the funds awarded.
---------------------------------------------------------------------------

    The 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.
---------------------------------------------------------------------------

    \7\ Sec.  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).
    \8\ Regulated Institutions include Insured Credit Unions, 
Insured Depository Institutions, State-Insured Credit Unions and 
Depository Institution Holding Companies.

     Table 3--Base-FA, PPC-FA, DF-FA, and HFFI-FA Eligible Activity
                               Categories
------------------------------------------------------------------------
                                                          Eligible CDFI
       FA Eligible activity        FA eligible activity    institution
                                       definition *           types
------------------------------------------------------------------------
i. Financial Products............  FA expended as        All.
                                    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.
ii. Financial Services...........  FA expended for       Regulated
                                    providing checking,   Institutions
                                    savings accounts,     \8\ only. Not
                                    check cashing,        applicable for
                                    money orders,         HFFI-FA
                                    certified checks,     Recipients.
                                    automated teller
                                    machines, deposit
                                    taking, safe
                                    deposit box
                                    services, and other
                                    similar services.
iii. Loan Loss Reserves..........  FA set aside in the   All.
                                    form of cash
                                    reserves, or
                                    through accounting-
                                    based accrual
                                    reserves, to cover
                                    losses on loans,
                                    accounts, and notes
                                    receivable or for
                                    related purposes
                                    that the CDFI Fund
                                    deems appropriate.
iv. Development Services.........  FA expended for       All.
                                    activities
                                    undertaken by a
                                    CDFI, its Affiliate
                                    or contractor that
                                    (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.
v. Capital Reserves..............  FA set aside as       Regulated
                                    reserves to support   Institutions
                                    the Applicant's       only. Not
                                    ability to leverage   applicable for
                                    other capital, for    DF-FA.
                                    such purposes as
                                    increasing its net
                                    assets or providing
                                    financing, or for
                                    related purposes as
                                    the CDFI Fund deems
                                    appropriate.
------------------------------------------------------------------------
* 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

[[Page 85999]]

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 low-fat dairy foods, lean meats and poultry (fresh, 
refrigerated, frozen or canned). Healthy Foods should have low or no 
added sugars, and be low-sodium, reduced sodium, or no-salt-added. (See 
USDA Dietary Guidelines: http://www.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          TA paid to cover all remuneration
 Services.                           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.

[[Page 86000]]

 
(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          TA paid to cover incorporation fees
 (Sponsoring Entities only).         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)..  <bullet> 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.)
                                    <bullet> 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.
                                    <bullet> 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).....  <bullet> 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.
                                    <bullet> An Emerging CDFI may or may
                                     not have a pending CDFI
                                     Certification Application with the
                                     CDFI Fund.
                                    <bullet> An Emerging CDFI that has
                                     prior award(s) must comply with
                                     CDFI Certification PG&M(s) stated
                                     in its prior Assistance
                                     Agreement(s).
                                    <bullet> 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.................  <bullet> 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.
                                    <bullet> An eligible organization
                                     that proposes to create a separate
                                     legal organization that will become
                                     a Certified CDFI serving Native
                                     Communities.
                                    <bullet> 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          The CDFI Fund uses the following
 Targeted Population as Target       definitions, set forth in the
 Market.                             Office of Management and Budget
                                     (OMB) Notice, Revisions to the
                                     Standards for the Classification of
                                     Federal Data on Race and Ethnicity
                                     (October 30, 1997), as amended and
                                     supplemented:
                                    <bullet> 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
                                    <bullet> Native Hawaiian: A person
                                     having origins in any of the
                                     original peoples of Hawaii.
------------------------------------------------------------------------


          Table 6--Eligibility Requirements for All Applicants
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Applicant.........................  <bullet> An Applicant must be duly
                                     organized as a legal entity (within
                                     the United States or its
                                     territories).
                                    <bullet> 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).

[[Page 86001]]

 
                                    <bullet> 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.
                                    <bullet> An Applicant that applies
                                     on behalf of another organization
                                     will be rejected without further
                                     consideration, other than DIHCs
                                     (see below).
Application type and submission     <bullet> Applicants must submit the
 overview through Grants.gov and     Required Application Documents
 Awards Management Information       listed in Table 10.
 System (AMIS).                     <bullet> 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.
                                    <bullet> 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.
                                    <bullet> Grants.gov and the SF-424:
                                       [cir] Grants.gov: Applicants must
                                        submit the Standard Form (SF) SF-
                                        424, Application for Federal
                                        Assistance.
                                       [cir] 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.
                                       [cir] 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.
                                       [cir] 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.
                                       [cir] The deadline for the
                                        Grants.gov submission is before
                                        the AMIS submission deadline.
                                       [cir] 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.
                                       [cir] If the SF-424 is not
                                        accepted by Grants.gov by the
                                        deadline, the CDFI Fund will not
                                        review any material submitted in
                                        AMIS and the Application will be
                                        deemed ineligible.
                                    <bullet> AMIS and all other Required
                                     Application Documents listed in
                                     Table 10:
                                       [cir] AMIS is an enterprise-wide
                                        information technology system.
                                        Applicants will use AMIS to
                                        submit and store organization
                                        and Application information with
                                        the CDFI Fund.
                                       [cir] Applicants are only allowed
                                        one NACA Program Application
                                        submission in AMIS.
                                       [cir] Each Application in AMIS
                                        must be signed by an Authorized
                                        Representative.
                                       [cir] 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.
                                       [cir] Only the Authorized
                                        Representative or Application
                                        Point of Contact, included in
                                        the Application, may submit the
                                        Application in AMIS.
                                       [cir] 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      <bullet> Applicants must have a
 (EIN).                              unique EIN assigned by the Internal
                                     Revenue Service (IRS).
                                    <bullet> The CDFI Fund will reject
                                     an Application submitted with the
                                     EIN of a parent or Affiliate
                                     organization.
                                    <bullet> 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.
                                    <bullet> Applicants must enter their
                                     EIN into their AMIS profile on or
                                     before the deadline specified in
                                     Tables 1 and 12.
Unique Entity Identifier (UEI)....  <bullet> The transition from the Dun
                                     and Bradstreet Universal Numbering
                                     System (DUNS) to UEI is a federal
                                     government-wide initiative.
                                    <bullet> An Applicant must apply
                                     using its UEI in Grants.gov.
                                    <bullet> The CDFI Fund will reject
                                     an Application submitted with the
                                     UEI of a parent or Affiliate
                                     organization.
                                    <bullet> 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.
                                    <bullet> 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).  <bullet> 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.
                                    <bullet> Applicants must register in
                                     SAM as part of the Grants.gov
                                     registration process.
                                    <bullet> Applicants that have an
                                     active SAM registration have been
                                     assigned a UEI. Applicants must
                                     also have an EIN in order to
                                     register in SAM.
                                    <bullet> Applicants must be
                                     registered in SAM in order to
                                     submit an SF-424 in Grants.gov.
                                    <bullet> 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......................  <bullet> Each Applicant must
                                     register as an organization in AMIS
                                     and submit all Required Application
                                     Documents listed in Table 10
                                     through the AMIS system.
                                    <bullet> 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.
                                    <bullet> The Authorized
                                     Representative and/or Application
                                     Point of Contact must be included
                                     as ``users'' in the Applicant's
                                     AMIS account.
                                    <bullet> 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..................  <bullet> 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.

[[Page 86002]]

 
Compliance with Nondiscrimination   <bullet> An Applicant * may not be
 and Equal Opportunity Statutes,     eligible to receive an award if
 Regulations, and Executive Orders.  proceedings have been instituted
                                     against it in, by, or before any
                                     court, governmental agency, or
                                     administrative body, and a final
                                     determination 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).
                                    <bullet> 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.
                                    <bullet> 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.
                                    <bullet> 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      <bullet> In the case where a CDFI
 Company Applicant.                  Depository Institution Holding
                                     Company Applicant intends to carry
                                     out the activities of an award
                                     through its Subsidiary CDFI Insured
                                     Depository Institution, the
                                     Application must be submitted by
                                     the CDFI Depository Institution
                                     Holding Company and reflect the
                                     activities and financial
                                     performance of the Subsidiary CDFI
                                     Insured Depository Institution.
                                    <bullet> 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.
                                    <bullet> 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......................  <bullet> 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)).
                                    <bullet> 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............  <bullet> 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               <bullet> If an Applicant that is a
 noncompliance.                      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...  <bullet> 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.
                                    <bullet> 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.  <bullet> 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.
                                    <bullet> 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).

     
---------------------------------------------------------------------------

    \9\ Depository Institution Holding Company or DIHC means a Bank 
Holding Company or a Savings and Loan Holding Company.

           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....................  <bullet> Matching Funds
                                     documentation is not required for
                                     TA awards.
Limitation on Awards..............  <bullet> An Emerging CDFI serving
                                     Native Communities may not receive
                                     more than three TA awards as an
                                     uncertified CDFI.
                                    <bullet> 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.

[[Page 86003]]

 
$5 Million funding cap............  <bullet> 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.
                                    <bullet> 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...............  <bullet> 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.
                                    <bullet> 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.............  <bullet> 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''.
                                    <bullet> TA Applicants with CAMELS/
                                     CAMEL ratings of ``5'' will not be
                                     eligible for awards.
                                    <bullet> 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.
                                    <bullet> 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.
                                    <bullet> 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.....................  <bullet> 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.........  <bullet> Each FA Applicant must be a
                                     Certified CDFI prior to the date of
                                     award announcement.
                                    <bullet> 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.
                                    <bullet> 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.
                                    <bullet> 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.
                                    <bullet> 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..  <bullet> For consideration under
                                     this NOFA, each FA Applicant must:
                                    [cir] Demonstrate that at least 50%
                                     of its past activities were in one
                                     or more Native Communities; and
                                       [cir] Describe how it will target
                                        its lending/investing activities
                                        to one or more Native
                                        Communities.
Target Market.....................  <bullet> For consideration under
                                     this NOFA, an FA Applicant's CDFI
                                     Certification Target Market must
                                     have one or more of the following
                                     characteristics:
                                       [cir] 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
                                       [cir] 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.
                                    <bullet> 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...........  <bullet> All FA Applicants must
                                     demonstrate strong community
                                     collaboration with Native
                                     Communities.
Matching Funds documentation......  <bullet> Native American CDFIs are
                                     not required to provide Matching
                                     Funds.
$5 Million funding cap............  <bullet> 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.
                                    <bullet> 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        <bullet> A NACA Applicant can apply
 Partners.                           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.
                                    <bullet> The CDFI Applicant must be
                                     either a Certified or Certifiable
                                     CDFI as defined in Table 5.
                                    <bullet> An Application with a
                                     Community Partner must:
                                       [cir] 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.
                                       [cir] Demonstrate that the
                                        Community Partnership activities
                                        are consistent with the
                                        strategic plan submitted by the
                                        NACA Applicant.
                                    <bullet> 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.............  <bullet> 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''.
                                    <bullet> FA Applicants with CAMELS/
                                     CAMEL ratings of ``4 or 5'' will
                                     not be eligible for awards.
                                    <bullet> 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.
                                    <bullet> 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.

[[Page 86004]]

 
                                    <bullet> 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............................  <bullet> All PPC-FA Applicants must:
                                       [cir] Submit a CDFI or NACA
                                        Program FA Application;
                                       [cir] Meet all NACA FA award
                                        eligibility requirements; and
                                       [cir] Provide a PPC-FA award
                                        request amount in AMIS.
DF-FA.............................  <bullet> All DF-FA Applicants must:
                                       [cir] Submit a CDFI or NACA
                                        Program FA Application;
                                       [cir] Meet all NACA FA award
                                        eligibility requirements;
                                       [cir] Submit the DF-FA
                                        Application; and
                                       [cir] Provide a DF-FA award
                                        request amount in AMIS.
HFFI-FA...........................  <bullet> All HFFI-FA Applicants
                                     must:
                                       [cir] Submit a CDFI or NACA
                                        Program FA Application;
                                       [cir] Meet all NACA FA award
                                        eligibility requirements;
                                       [cir] Submit the HFFI-FA
                                        Application; and
                                       [cir] Provide 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 <a href="/cdn-cgi/l/email-protection#2c4f484a454449405c6c4f484a4502585e494d5f024b435a"><span class="__cf_email__" data-cfemail="583b3c3e31303d3428183b3c3e31762c2a3d392b763f372e">[email protected]</span></a>. 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
------------------------------------------------------------------------
                                                           Submission
     Application documents          Applicant type           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        All Applicants........  AMIS.
 Components:
    <bullet> Funding
     Application Detail.
    <bullet> Data, Charts, and
     Narrative sections as
     listed in AMIS and
     outlined in Application
     materials.
PPC-FA Application Components:  PPC-FA Applicants.....  AMIS.
    <bullet> Funding
     Application Detail.
    <bullet> Narratives.
    <bullet> AMIS Charts.
DF-FA Application Components:   DF-FA Applicants......  AMIS.
    <bullet> Funding
     Application Detail.
    <bullet> Narratives.
    <bullet> AMIS Charts.
HFFI-FA Application             HFFI-FA Applicants....  AMIS.
 Components:
    <bullet> Funding
     Application Detail,
    <bullet> Narratives.
    <bullet> 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        FA Applicants and TA    PDF in AMIS.
 financial statements for the    Applicants, if
 Applicant's Three Most Recent   available: loan
 Historic Fiscal Years.          funds, Venture
                                 Capital Funds *, and
                                 other non-Regulated
                                 Institutions.
Unaudited financial statements  FA and TA Applicants,   PDF in AMIS.
 for Applicant's Three Most      if available: loan
 Recent Historic Years           funds, Venture
 (required if available, and     Capital Funds, and
 only if audited financial       other non-Regulated
 statements are not available).  Institutions.
Current Year to Date--          FA and TA Applicants:   PDF in AMIS.
 September 30, 2023 Unaudited    loan funds, Venture
 financial statements.           Capital Funds, and
                                 other non-Regulated
                                 Institutions.

[[Page 86005]]

 
Community Partnership           FA Applicants, if       PDF or Word
 Agreement.                      applicable.             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 
pre-approved 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       Four (4) Weeks.*
                                           (SAM.gov). This step will
                                           include obtaining a UEI.

[[Page 86006]]

 
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      January 5, 2024.............  11:59 p.m. ET...............  AMIS.
 Management Information Systems
 (AMIS) Account (all Applicants).
Last day to enter EIN and UEI in  January 5, 2024.............  11:59 p.m. ET...............  AMIS.
 AMIS (all Applicants).
Last day to submit SF-424         January 5, 2024.............  11:59 p.m. ET...............  Electronically via
 (Application for Federal                                                                      Grants.gov.
 Assistance).
Last day to contact               Febuary 2, 2024.............  11:59 p.m. ET...............  Service Request
 Certification, Compliance                                                                     via AMIS.
 Monitoring and Evaluation
 (CCME) Help Desk regarding CDFI
 Certification Applications for
 uncertified FA Applicants.
Last day to contact NACA Program  February 2, 2024............  5 p.m. ET...................  Service Request
 staff.                                                                                        via AMIS Or CDFI
                                                                                               Fund Helpdesk:
                                                                                               202-653-0421.
Last day to contact AMIS-IT Help  February 6, 2024............  5 p.m. ET...................  Service Request
 Desk (regarding AMIS technical                                                                via AMIS Or 202-
 problems only).                                                                               653-0422 Or
                                                                                               <a href="/cdn-cgi/l/email-protection#84c5c9cdd7c4e7e0e2edaaf0f6e1e5f7aae3ebf2"><span class="__cf_email__" data-cfemail="bffef2f6ecffdcdbd9d691cbcddadecc91d8d0c9">[email protected]</span></a>.
Last day to submit CDFI           Febuary 6, 2024.............  11:59 p.m. ET...............  AMIS.
 Certification Applications for
 uncertified FA Applicants.
Last day to submit Title VI       February 6, 2024............  11:59 p.m. ET...............  AMIS.
 Compliance Worksheet (all
 Applicants) *.
Last day to submit NACA Program   February 6, 2024............  11:59 p.m. ET...............  AMIS.
 Application for Financial
 Assistance (FA) or Technical
 Assistance (TA).
----------------------------------------------------------------------------------------------------------------
* 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

[[Page 86007]]

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 
<a href="/cdn-cgi/l/email-protection#96f5f2f0fffef3fae6d6f5f2f0ffb8e2e4f3f7e5b8f1f9e0"><span class="__cf_email__" data-cfemail="0b686f6d62636e677b4b686f6d62257f796e6a78256c647d">[email protected]</span></a> 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, 
third-party entities, whether Affiliates, Subsidiaries, or others, 
unless done pursuant to a merger or acquisition or similar transaction, 
and with the CDFI Fund's prior written consent.
    c. 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, third-
party entities, whether Affiliates, Subsidiaries, or others, unless 
done pursuant to a merger or acquisition or similar transaction, and 
with the CDFI Fund's prior written consent.
    c. 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.

[[Page 86008]]

    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, third-
party entities, whether Affiliates, Subsidiaries, or others, unless 
done pursuant to a merger or acquisition or similar transaction, and 
with the CDFI Fund's prior written consent.
    c. 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, 
third-party entities, whether Affiliates, Subsidiaries, or others, 
unless done pursuant to a merger or acquisition or similar transaction, 
and with the CDFI Fund's prior written consent.
    c. 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 co-Recipient 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 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.
    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 non-regulated Applicant using 
financial information provided by the Applicant. For the financial 
analysis, each non-regulated Applicant will receive a Total Financial 
Composite Score on a scale of one (1) to five (5), with one (1) being 
the highest rating. The Total Financial Composite Score is based on the 
analysis of 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.

[[Page 86009]]

    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   N/A.
                                                     other Base-FA Application
                                                     Sections.
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 Base-FA 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
----------------------------------------------------------------------------------------------------------------
                                                                                High
                Section                            Possible scores             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        1, 2, 3, 4, or 5...................        1  All Scores Advance.
     Composite Score.
----------------------------------------------------------------------------------------------------------------

    e. Step 5: Award Amount Determination: The CDFI Fund determines an 
award amount for each Application based on the Step 4 Total Policy 
Objective Review Score, the Applicant's request amount, and on certain 
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

[[Page 86010]]

as noted in Table 2, whichever is greater.
---------------------------------------------------------------------------

    \9\ For 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.
    (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.
---------------------------------------------------------------------------

    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
------------------------------------------------------------------------
                                                         Possible score
                       Sections                             (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                         5
 Financing...........................................
                                                      ------------------
    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

[[Page 86011]]

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

[[Page 86012]]

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           <bullet> If a Recipient received a
 requirements.                       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.
                                    <bullet> 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.
                                    <bullet> 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.

[[Page 86013]]

 
Failure to maintain CDFI            <bullet> An FA Recipient must be a
 Certification.                      Certified CDFI prior to the award
                                     announcement date.
                                    <bullet> 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
                                    <bullet> If a TA Recipient is a
                                     Certified CDFI at the time of award
                                     announcement, it must maintain CDFI
                                     Certification.
                                    <bullet> 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               <bullet> The CDFI Fund will delay
 noncompliance.                      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.
                                    <bullet> 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...  <bullet> 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       <bullet> If, within the period
 rights requirements.                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.
                                    <bullet> 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.
                                    <bullet> 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........................  <bullet> 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.
                                    <bullet> 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..............  <bullet> 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- A Non-profit Recipient (including
 profit Recipient including Insured     Insured Credit Unions and State-
 Credit Unions and State-Insured        Insured Credit Unions) must
 Credit Unions).                        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- For-profit Recipients must submit
 Profit Recipient).                     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       If the Recipient is a Depository
 (Depository Institution Holding        Institution Holding Company or
 Company and Insured Depository         an Insured Depository
 Institution).                          Institution, it must submit an
                                        FSA Report in AMIS.
Financial Statement Audit Report       A Sponsoring Entity must submit
 (Sponsoring Entities).                 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.

[[Page 86014]]

 
Single Audit Report (Non-Profit        A non-profit Recipient must
 Recipients, if applicable).            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  The Recipient must annually
 Form 425 (SF 425).                     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          TA Recipients that are Certified
 Collection Report (ACR).               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...........  <a href="/cdn-cgi/l/email-protection#6f0c0b0906070a031f2f0c0b0906411b1d0a0e1c41080019"><span class="__cf_email__" data-cfemail="a1c2c5c7c8c9c4cdd1e1c2c5c7c88fd5d3c4c0d28fc6ced7">[email protected]</span></a>.
Compliance Monitoring and Evaluation.  Service Request via AMIS..................  202-653-0423.....................  <a href="/cdn-cgi/l/email-protection#95f6f6f8f0d5f6f1f3fcbbe1e7f0f4e6bbf2fae3"><span class="__cf_email__" data-cfemail="680b0b050d280b0c0e01461c1a0d091b460f071e">[email protected]</span></a>.
CDFI Certification...................  Service Request via AMIS..................  202-653-0423.....................  <a href="/cdn-cgi/l/email-protection#5734343a32173433313e79232532362479303821"><span class="__cf_email__" data-cfemail="c3a0a0aea683a0a7a5aaedb7b1a6a2b0eda4acb5">[email protected]</span></a>.

[[Page 86015]]

 
AMIS--IT Help Desk...................  Service Request via AMIS..................  202-653-0422.....................  <a href="/cdn-cgi/l/email-protection#c0818d899380a3a4a6a9eeb4b2a5a1b3eea7afb6"><span class="__cf_email__" data-cfemail="57161a1e04173433313e79232532362479303821">[email protected]</span></a>.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    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


</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>