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[Federal Register Volume 90, Number 11 (Friday, January 17, 2025)]
[Notices]
[Pages 6076-6097]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-01323]

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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) 2025 Funding Round.
    Funding Opportunity Number: CDFI-2025-NACA.
    Catalog of Federal Domestic Assistance (CFDA) Number: 21.012.
    Dates:

                  Table 1--FY 2025 NACA Program Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
           Description                      Deadline               Time (eastern time--ET)     Submission method
----------------------------------------------------------------------------------------------------------------
Last day to create an AMIS        February 18, 2025...........  11:59 p.m. ET...............  AMIS.
 Account (all Applicants).
Last day to enter Employer        February 18, 2025...........  11:59 p.m. ET...............  AMIS.
 Identification Number (EIN) and
 Unique Entity Identifier (UEI)
 in AMIS (all Applicants).
Last day to submit SF-424         February 18, 2025...........  11:59 p.m. ET...............  Electronically via
 Mandatory Form (Application for                                                               Grants.gov.
 Federal Assistance).
Last day to contact NACA Program  March 19, 2025..............  5:00 p.m. ET................  Service Request
 staff.                                                                                        via AMIS Or CDFI
                                                                                               Fund Helpdesk:
                                                                                               202-653-0421.
Last day to contact AMIS-IT Help  March 21, 2025..............  5:00 p.m. ET................  Service Request
 Desk (regarding AMIS technical                                                                via AMIS Or 202-
 problems only).                                                                               653-0422 Or
                                                                                               [email protected].
Last day to submit Title VI       March 21, 2025..............  11:59 p.m. ET...............  AMIS.
 Compliance Worksheet (all
 Applicants) \1\.
Last day to submit NACA Program   March 21, 2025..............  11:59 p.m. ET...............  AMIS.
 Application for Financial
 Assistance (FA) or Technical
 Assistance (TA).
Last day to submit Excel Housing  April 4, 2025...............  11:59 p.m. ET...............  Service Request
 Production FA (HP-FA)                                                                         via AMIS.
 Application.
----------------------------------------------------------------------------------------------------------------

    Executive Summary: Through the NACA Program, the Community 
Development Financial Institutions (CDFI) Fund provides (i) FA awards 
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 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 Communities. All 
awards provided through this NOFA are subject to funding availability.
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    \1\ This requirement also applies to Subsidiary Insured 
Depository Institutions that will carry out the activities on behalf 
of Depository Institution Holding Company Applicants.
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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 Federal financial assistance management 
at 2 CFR part 200 Uniform Administrative Requirements, Cost Principles, 
and Audit Requirements for Federal Awards (Uniform Administrative 
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

[[Page 6077]]

Administrative 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 
Administrative 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 Administrative 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 2025 Funding Round: Subject to final appropriations, the CDFI 
Fund expects to award, through this NOFA, approximately $28 million 
specifically for NACA through Base-FA, PPC-FA, and TA, as indicated in 
table 2. NACA Applicants may also access the supplemental funding 
programs of DF-FA, HFFI, and HP-FA, though NACA Applicants compete with 
CDFI Program Applicants for these funds. There is not a set-aside for 
NACA under these supplemental programs.

                           Table 2--FY 2025 Funding Round Anticipated Category Amounts
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                                     Estimated             Award amount
     Funding categories (see       total amount  --------------------------------    Estimated       Estimated
 definition in table 7 for TA or   to be awarded                                     number of    average amount
         table 8 for FA)           (millions) FY      Minimum        Maximum *    awards FY 2025   to be awarded
                                       2025                                                           FY 2025
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Base-FA.........................           $22.2        $150,000      $1,500,000              27        $822,000
Persistent Poverty Counties--                2.8         100,000         400,000              10         280,000
 Financial Assistance (PPC-FA)..
TA..............................             3.0          10,000         200,000              15         200,000
Total (Base-FA, PPC-FA, and TA).            28.0  ..............  ..............              52  ..............
Disability Funds--Financial                 20.0         100,000       1,000,000              20       1,000,000
 Assistance (DF-FA) **..........
Healthy Food Financing                      24.0         500,000       5,000,000              15       1,600,000
 Initiative--Financial
 Assistance (HFFI-FA) **........
Housing Production--Financial              100.0       1,000,000     * 5,000,000              50       2,000,000
 Assistance (HP-FA) **..........
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* Note that, regardless of the stated maximum award in each award category, in no case will the sum of an
  Applicant's Base-FA, TA, PPC-FA and HP-FA Awards in the last three years exceed $5 million.
** DF-FA, HFFI-FA, and HP-FA funding 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 2025 Funding Round: Funds for 
the FY 2025 Funding Round are subject to change based on passage of a 
final FY 2025 appropriations bill; if Congress does not appropriate 
funds for the NACA Program there will not be an FY 2025 Funding Round. 
If funds are appropriated for FY 2025, 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 2025 appropriations for the NACA Program 
necessitate change to 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 Continuing Appropriations and 
Extensions Act, 2025 (Pub. L. 118-83). The HP-FA awards are funded 
through interest and dividend payments and sale proceeds received under 
the Department of the Treasury's Emergency Capital Investment Program 
(ECIP). The amount available for HP-FA awards is estimated based on 
projected ECIP proceeds and may vary based on the actual proceeds 
received by the CDFI Fund.
    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 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), Disability Funds-
Financial Assistance (DF-FA), and Housing Production-Financial 
Assistance (HP-FA). The HFFI-FA, PPC-FA, DF-FA, and HP-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. 
Alternatively, an Applicant may request only HP-FA by submitting an FA 
Application with no Base-FA award request and submitting the Excel HP-
FA Application as well. Additional information on how to

[[Page 6078]]

complete an FA Application under this circumstance is provided in the 
Application Guidance.
    However, Applicants that qualify for the NACA Program may submit 
two Applications in certain circumstances: 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 
must apply for the same type of award under both programs. For example, 
an Applicant that applies for an FA award under the NACA Program may 
apply for an FA award under the CDFI Program, but not for a TA award 
under the CDFI 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 NACA 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 Applicants cannot receive an 
award under both Programs within the same funding round. Further, NACA 
qualified Applicants who seek to only apply for an HP-FA award with no 
Base-FA award can do so by submitting either a CDFI Program FA 
Application or a NACA Program FA Application; the FA Application should 
be submitted with no Base-FA award request and the additional Excel HP-
FA Application. Further instructions are found in the Application 
Guidance. If a NACA qualified Applicant seeks to apply for HP-FA award 
only, they should apply through either the CDFI Program or the NACA 
Program, but not both. If a NACA qualified Applicant submits an 
eligible HP-FA only Application under one program and an eligible 
Application with a Base-FA award request under the other program, only 
the Application with the Base-FA award request will be reviewed. The 
HP-FA only Application will be deemed ineligible.
    The Indian Community Economic Enhancement Act of 2020 (Pub. L. 116-
261) permanently waived the Matching Funds \2\ requirement for Native 
American CDFIs,\3\ and as a result, Native American CDFI FA Applicants 
are not required to provide Matching Funds. HP-FA Applicants are not 
required to provide Matching Funds for HP-FA award requests, as 
Matching Funds are not required under the Consolidated Appropriations 
Act, 2021 (Pub. L. 116-260). TA Applicants are not required to provide 
Matching Funds.
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    \2\ 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.
    \3\ 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.
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    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 2025 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 2025 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 2025 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. Housing Production--Financial Assistance (HP-FA) Awards: 
Applicants may apply for an HP-FA award as a supplement to a Base-FA 
award or may apply only for an HP-FA award (without a Base-FA award). 
If an Applicant applies for an HP-FA award as a supplement to a Base-FA 
award, it must be selected to receive a Base-FA award through the FY 
2025 NACA Program Funding Round to be eligible to receive an HP-FA 
award. Alternatively, an Applicant may choose to apply for only an HP-
FA award (with no Base-FA award) by completing an FA Application as 
instructed in the Application Guidance and submitting the Excel HP-FA 
Application as well. If an Applicant chooses to apply only for an HP-FA 
Award (with no Base-FA award), it will be ineligible to receive a Base-
FA, PPC-FA, DF-FA, or HFFI-FA award. HP-FA awards will be provided in 
the form of a grant. Because HP-FA awards are funded by proceeds 
received from ECIP under the Consolidated Appropriations Act, 2021, HP-
FA awards are not subject to the Matching Funds requirements. The CDFI 
Fund reserves the right, in its sole discretion, to provide an HP-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.
    6. 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, HFFI-FA, and HP-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-Focused 
Financing, and other lines of business as deemed appropriate by the 
CDFI Fund in the following categories: (i) Financial Products; (ii) 
Financial Services; (iii) Loan Loss

[[Page 6079]]

Reserves; (iv) Development Services; \4\ (v) Capital Reserves; and (vi) 
Direct Administrative Expenses, subject to certain restrictions 
outlined in this section. 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.\5\ None of the eligible activity categories 
will be authorized for Indirect Costs or an associated Indirect Cost 
Rate. 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.
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    \4\ 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.
    \5\ 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.
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    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 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 Administrative 
Requirements, which are incurred by the Recipient to carry out the 
Financial Assistance. Direct Costs incurred to provide Development 
Services or Financial Services are not deemed to be Direct 
Administrative Expenses and therefore are not subject to the 15% 
limitation.
    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 
Administrative Requirements,\6\ with respect to any Direct Costs. For 
purposes of this NOFA, the five eligible activity categories are 
defined in table 3.
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    \6\ 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).

                Table 3--Base-FA, PPC-FA, DF-FA, HFFI-FA, and HP-FA Eligible Activity Categories
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                                                                                       Eligible CDFI institution
          FA eligible activity                  FA eligible activity definition                  types
----------------------------------------------------------------------------------------------------------------
i. Financial Products...................  FA expended as loans, Equity Investments,   All.
                                           loan guarantees, and similar financing
                                           activities (as determined by the CDFI
                                           Fund) including the purchase of loans
                                           originated by Certified CDFIs and the
                                           purchase of loans originated by entities
                                           that do not have the CDFI Certification
                                           but were made to members of the
                                           Applicant's Target Market. 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, loan refinancing, or any other
                                           type of financing for prepared food
                                           outlets.
ii. Financial Services..................  FA expended for providing checking,         Regulated Institutions \7\
                                           savings accounts, check cashing, money      only.
                                           orders, certified checks, automated        Not applicable for HFFI-FA
                                           teller machines, deposit taking, safe       or HP-FA Recipients.
                                           deposit box services, and other similar
                                           services.
iii. Loan Loss Reserves.................  FA set aside in the form of cash reserves,  All.
                                           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 activities undertaken by a  All.
                                           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 reserves to support the     Regulated Institutions
                                           Applicant's ability to leverage other       only.
                                           capital, for such purposes as increasing   Not applicable for DF-FA.
                                           its net assets or providing financing, or
                                           for related purposes as the CDFI Fund
                                           deems appropriate.
----------------------------------------------------------------------------------------------------------------

    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;

[[Page 6080]]

and loans to purchase assistive technology.
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    \7\ Regulated Institutions include Insured Credit Unions, 
Insured Depository Institutions, State-Insured Credit Unions and 
Depository Institution Holding Companies.
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    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 Healthy Food Retail Outlets located in Low-Income and Low-Access 
Food Areas 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: https://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.
    Low-Income and Low-Access Food Areas: 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 Low-Income and Low-Access Food Area must either: 
(1) be a census tract determined to be a Low-Income and Low-Access Food 
Area 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 Low-Income and Low-Access Food Area 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/2024-05/PPC_2020_ACS_May_10_2024.xlsx.
    5. HP-FA Award: HP-FA award funds may only be expended for eligible 
FA activities authorized in table 3. Additionally, HP-FA award funds 
must comply with the following guidelines:
    a. Recipient must close Financial Products that finance the 
production of rental Housing projects affordable to families making at 
or below 120% Area Median Income (AMI) and/or the production of 
Homeownership projects affordable to families making at or below 150% 
of AMI in an amount equal to or greater than 100% of the total HP-FA 
assistance provided to the Recipient. The CDFI Fund will prioritize 
funding Applications that focus on financing Homeownership and rental 
Housing affordable to families at or below 80% AMI and further income 
targeting restrictions will be specified in the Assistance Agreement 
based on the Recipient's Application strategy.
    b. Recipient must increase the volume of housing units financed 
from the baseline period (Recipient's most recent three historic fiscal 
years) to the Performance Period, as specified in the Assistance 
Agreement.
    c. For rental Housing, the Recipient must finance projects that 
have a financing gap and are projected to be completed and ready for 
occupancy by the end of the Period of Performance as evidenced by a 
certificate of occupancy or equivalent. For Homeownership, the 
Recipient must finance the development of new for-sale Housing and/or 
the acquisition and rehabilitation of for-sale Housing, where such 
Housing will be completed and ready for occupancy by the end of the 
Period of Performance as evidenced by a certificate of occupancy or 
equivalent.
    Definitions:
    Homeownership means ownership interest in a home in fee simple, or 
by condominium, cooperative, mutual housing, or ground lease title 
interest, as allowed under State law, in one- to four-unit Single-
family housing, or ownership of a manufactured housing unit. The 
ownership interest is subject to the following additional requirements: 
(1) Ownership interest may not merely consist of a right of possession 
under a contract for deed, installment contract, or land contract 
pursuant to which the deed is not given until the final payment is 
made; and (2) Ownership interest is subject to the restrictions on 
affordability permitted under the Assistance Agreement and this part; 
mortgages, deeds of trust, or other liens or instruments securing debt 
on the property; or any other restrictions or encumbrances that do not 
impair the good and marketable nature of title to the ownership 
interest.
    Housing means Single-family and Multi-family residential units 
including, but not limited to, manufactured housing, permanent 
supportive housing, single-room occupancy (SRO) housing, assisted 
living, and group homes that are permanent in nature and not temporary, 
short term, transitional, or a dormitory, as further set forth by the 
CDFI Fund.
    Multi-family housing means residential properties consisting of 
five or more dwelling units, such as a condominium unit, cooperative 
unit, or an apartment.

[[Page 6081]]

    Single-family housing means a one- to four-unit family residence, a 
condominium unit, a cooperative unit, mutual housing, a manufactured 
housing unit only, or the combination of a manufactured housing unit 
and lot.
    6. 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 Administrative 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 
Administrative 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 Administrative Requirements
------------------------------------------------------------------------
 
------------------------------------------------------------------------
(i) Compensation--Personal     TA paid to cover all remuneration paid
 Services.                      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 Administrative
                                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      TA paid to cover allowances and services
 Benefits.                      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 Administrative 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     TA paid to cover professional and
 Costs.                         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
                                Administrative 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 Administrative 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 Administrative 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     TA paid to cover the cost of training and
 Costs.                         education provided by the Applicant for
                                employees' development, in accordance
                                with section 2 CFR 200.473 of the
                                Uniform Administrative 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.
(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 $10,000, in accordance
                                with section 2 CFR 200.1 of the Uniform
                                Administrative 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
                                Administrative Requirements, with
                                respect to the purchase of Equipment.
(vii) Supplies...............  TA paid to cover tangible personal
                                property with a per unit acquisition
                                cost of less than $10,000, in accordance
                                with section 2 CFR 200.1 of the Uniform
                                Administrative 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
                                Administrative Requirements, with
                                respect to the purchase of Supplies.
(viii) Incorporation Costs     TA paid to cover incorporation fees in
 (Sponsoring Entities only).    connection with the establishment or
                                reorganization of an organization as a
                                CDFI, in accordance with section 2 CFR
                                200.455 of the Uniform Administrative
                                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.
Emerging CDFI (TA Applicants)   A non-Certified entity that
                                demonstrates to the CDFI Fund in its
                                Application that it has an acceptable
                                plan to meet CDFI Certification
                                requirements by the end of its Period of
                                Performance, or another date that the
                                CDFI Fund selects.
                                An Emerging CDFI that has prior
                                award(s) must comply with CDFI
                                Certification PG&M(s) stated in its
                                prior Assistance Agreement(s).
                                An Emerging CDFI selected to
                                receive a TA award will be required to
                                become a Certified CDFI by a date
                                specified in the Assistance Agreement.
Sponsoring Entity............   Sponsoring Entities include any
                                legal organization that primarily serves
                                a Native Community with ``primary''
                                meaning, at least 50% of its activities
                                are directed toward the Native
                                Community.

[[Page 6082]]

 
                                An eligible organization that
                                proposes to create a separate legal
                                organization that will become a
                                Certified CDFI serving Native
                                Communities.
                                Each Sponsoring Entity selected
                                to receive a TA award will be required
                                to create a CDFI and ensure that this
                                newly created CDFI becomes Certified by
                                the dates specified in the Assistance
                                Agreement.
Definitions relating to        For Target Market assessment purposes,
 Native Other Targeted          the CDFI Fund uses the following
 Populations as Target          definitions, set forth in the Office of
 Markets.                       Management and Budget (OMB) Notice,
                                Revisions to the Standards for the
                                Classification of Federal Data on Race
                                and Ethnicity (October 30, 1997), as
                                amended and supplemented:
                                   American Indian or Alaskan
                                   Native: A person having origins in
                                   any of the original peoples of North
                                   and South America (including Central
                                   America), and who maintains tribal
                                   affiliation or community attachment;
                                   and
                                   Native Hawaiian: A person
                                   having origins in any of the original
                                   peoples of Hawaii.
------------------------------------------------------------------------

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

    \8\ Depository Institution Holding Company or DIHC means a Bank 
Holding Company or a Savings and Loan Holding Company.

          Table 6--Eligibility Requirements for All Applicants
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Applicant....................   An Applicant must be duly
                                organized as a legal entity (within the
                                United States or its territories).
                                Only the entity that will carry
                                out the proposed award activities may
                                apply for an award (other than
                                Depository Institution Holding Companies
                                (DIHC) \8\--see below, and Sponsoring
                                Entities). Recipients may not create a
                                new legal entity to carry out the
                                proposed award activities (except for
                                Sponsoring Entities).
                                The information in the
                                Application should only reflect the
                                activities of the Applicant, including
                                the presentation of financial and
                                portfolio information (other than DIHCs-
                                see below). Do not include financial or
                                portfolio information from parent
                                companies, Affiliates, or Subsidiaries
                                in the Application unless it relates to
                                the provision of Development Services.
                                An Applicant that applies on
                                behalf of another organization will be
                                rejected without further consideration,
                                other than DIHCs (see below).
Application type and            Applicants must submit the
 submission overview through    Required Application Documents listed in
 Grants.gov and Awards          table 10.
 Management Information         The CDFI Fund will only accept
 System (AMIS).                 Applications that use the official
                                Application templates provided on the
                                Grants.gov and AMIS websites.
                                Applications submitted with alternative
                                or altered templates will not be
                                considered.
                                Applicants undergo a two-step
                                process that requires the submission of
                                Application documents by two separate
                                deadlines in two different systems: (1)
                                the SF-424 in Grants.gov and (2) all
                                other Required Application Documents in
                                AMIS.
                               Grants.gov and the SF-424:
                                  [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. 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.
                                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 table 1.
                                  [cir] 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         Applicants must have a unique
 Number (EIN).                  EIN assigned by the Internal Revenue
                                Service (IRS).
                                The CDFI Fund will reject an
                                Application submitted with the EIN of a
                                parent or Affiliate organization.
                                The EIN in the Applicant's AMIS
                                account must match the EIN in the
                                Applicant's System for Award Management
                                (SAM) account. The CDFI Fund reserves
                                the right to reject an Application if
                                the EIN in the Applicant's AMIS account
                                does not match the EIN in its SAM
                                account.
                                Applicants must enter their EIN
                                into their AMIS profile on or before the
                                deadline specified in table 1.
Unique Entity Identifier        The transition from the Dun and
 (UEI).                         Bradstreet Universal Numbering System
                                (DUNS) to UEI is a Federal Government-
                                wide initiative.
                                An Applicant must apply using
                                its UEI in Grants.gov.
                                The CDFI Fund will reject an
                                Application submitted with the UEI of a
                                parent or Affiliate organization.

[[Page 6083]]

 
                                The UEI in the Applicant's AMIS
                                account must match the UEI in the
                                Applicant's Grants.gov and SAM accounts.
                                The CDFI Fund will reject an Application
                                if the UEI in the Applicant's AMIS
                                account does not match the UEI in its
                                Grants.gov and SAM accounts.
                                Applicants must enter their UEI
                                into their AMIS profile on or before the
                                deadline specified in table 1.
System for Award Management     SAM is a web-based, government-
 (SAM).                         wide application that collects,
                                validates, stores, and disseminates
                                business information about the Federal
                                Government's trading partners in support
                                of the contract awards, grants, and
                                electronic payment processes.
                                Applicants must register in SAM
                                as part of the Grants.gov registration
                                process.
                                Applicants that have an active
                                SAM registration have been assigned a
                                UEI. Applicants must also have an EIN in
                                order to register in SAM.
                                Applicants must be registered in
                                SAM in order to submit an SF-424 in
                                Grants.gov.
                                The CDFI Fund reserves the right
                                to deem an Application ineligible if the
                                Applicant's SAM account expires during
                                the Application evaluation period, or is
                                set to expire before September 30, 2025,
                                and the Applicant does not re-activate,
                                or renew, as applicable, the account
                                within the deadlines that the CDFI Fund
                                communicates to affected Applicants
                                during the Application evaluation
                                period.
AMIS Account.................   Each Applicant must register as
                                an organization in AMIS and submit all
                                Required Application Documents listed in
                                table 10 through the AMIS system.
                                The Application of any
                                organization that does not properly
                                register in AMIS by the deadline set
                                forth in table 1--FY 2025 NACA Program
                                Funding Round Critical Deadlines for
                                Applicants--will be rejected without
                                further consideration.
                                The Authorized Representative
                                and/or Application Point of Contact must
                                be included as ``users'' in the
                                Applicant's AMIS account.
                                An Applicant that fails to
                                properly register and update its AMIS
                                account may miss important communication
                                from the CDFI Fund and/or may not be
                                able to successfully submit an
                                Application.
501 (c)(4) status............   Pursuant to 2 U.S.C. 1611, any
                                501(c)(4) organization that engages in
                                lobbying activities is not eligible to
                                receive a CDFI or NACA Program award.
Compliance with                 An Applicant * may not be
 Nondiscrimination and Equal    eligible to receive an award if
 Opportunity Statutes,          proceedings have been instituted against
 Regulations, and Executive     it in, by, or before any court,
 Orders.                        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); the
                                Fair Housing Act (42 U.S.C. 3601 et
                                seq.); the Equal Credit Opportunity Act
                                (15 U.S.C. 1691 et seq.); section 504 of
                                the Rehabilitation Act of 1973 (29
                                U.S.C. 794); and the Age Discrimination
                                Act of 1975, (42 U.S.C. 6101-6107).
                                Applicants * will be required to
                                submit the Title VI Compliance Worksheet
                                (Worksheet) once annually to assist the
                                CDFI Fund in determining whether
                                Applicants are compliant with the
                                Treasury regulations implementing Title
                                VI of the Civil Rights Act (Title VI),
                                set forth in 31 CFR part 22. These
                                requirements are set forth in the United
                                States Department of the Treasury
                                regulations implementing Title VI
                                located in 31 CFR part 22,
                                Nondiscrimination on the Basis of Race,
                                Color, or National Origin in Programs or
                                Activities Receiving Federal Financial
                                Assistance from the Department of the
                                Treasury.
                                In addition, an Applicant* must
                                be compliant with Federal civil rights
                                requirements in order to be deemed
                                eligible to receive an award from the
                                CDFI Fund. The CDFI Fund will consider
                                an Application submitted by an Applicant
                                that has pending Title VI noncompliance
                                issues, if the CDFI Fund has not yet
                                made a final compliance determination.
                                The Title VI Compliance
                                Worksheet and program award terms and
                                conditions do not impose
                                antidiscrimination requirements on
                                Tribal governments beyond what would
                                otherwise apply under Federal law.
Depository Institution          In the case where a Depository
 Holding Company Applicant.     Institution Holding Company Applicant
                                intends to carry out the activities of
                                an award through its Subsidiary Insured
                                Depository Institution, the Application
                                must be submitted by the Depository
                                Institution Holding Company and reflect
                                the activities and financial performance
                                of the Subsidiary Insured Depository
                                Institution.
                                If a Depository Institution
                                Holding Company and its Subsidiary
                                Insured Depository Institution (through
                                which it will carry out the activities
                                of the award) both apply for an award
                                under this NOFA, only the Depository
                                Institution Holding Company will receive
                                an award, not both. In such instances,
                                the Subsidiary Insured Depository
                                Institution will be deemed ineligible.
                                Authorized Representatives of
                                both the Depository Institution Holding
                                Company and the Subsidiary Insured
                                Depository Institution must certify that
                                the information included in the
                                Application represents that of the
                                Subsidiary Insured Depository
                                Institution, and that the award funds
                                will be used to support the Subsidiary
                                Insured Depository Institution for the
                                eligible activities outlined in the
                                Application.
Use of award.................   All awards made through this
                                NOFA must be used to support the
                                Applicant's activities in at least one
                                of the FA or TA Eligible Activity
                                Categories (see section II. (C)).
                                With the exception of Depository
                                Institution Holding Company Applicants
                                and Sponsoring Entities, awards may not
                                be used to support the activities of, or
                                otherwise be passed through,
                                transferred, or co-awarded to, third-
                                party entities, whether Affiliates,
                                Subsidiaries, or others, unless done
                                pursuant to a merger or acquisition or
                                similar transaction, and with the CDFI
                                Fund's prior written consent.
                                The Recipient of any award made
                                through this NOFA must comply, as
                                applicable, with the Buy American Act of
                                1933, 41 U.S.C. 8301-8303 and section 2
                                CFR 200.216 of the Uniform
                                Administrative Requirements, with
                                respect to any Direct Costs.
Requested award amount.......   An Applicant must state its
                                requested award amount in the
                                Application in AMIS. An Applicant that
                                does not include this amount will not be
                                allowed to submit an Application.
Pending resolution of           If an Applicant (or Affiliate of
 noncompliance or default.      an Applicant identified in AMIS) that is
                                a prior Recipient or Allocatee under any
                                CDFI Fund program: (i) has demonstrated
                                it is in noncompliance with or default
                                of 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 or default.
Noncompliance or default        The CDFI Fund will not consider
 status.                        an Application submitted by an Applicant
                                that is a prior CDFI Fund award
                                recipient or allocatee under any CDFI
                                Fund program if, as of the AMIS
                                Application deadline in this NOFA, (i)
                                the CDFI Fund has made a final
                                determination in writing that such
                                Applicant (or Affiliate of an Applicant
                                identified in AMIS) 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 the Applicant
                                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.
                                Additionally, regardless of
                                whether a sanction or remedy is imposed,
                                the CDFI Fund will not consider an
                                Application submitted by an Applicant if
                                the default on a prior Allocation
                                Agreement of the Applicant or an
                                Affiliate occurs during the time period
                                beginning 12 months prior to the
                                Application deadline and ending with the
                                FY 2025 award announcement.
                                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            The CDFI Fund will contact the
 Verification.                  Do Not Pay Business Center to conduct a
                                debarment check on the Applicant. The
                                CDFI Fund will not consider any
                                Applicant that is debarred.

[[Page 6084]]

 
                                If the Do Not Pay Business
                                Center reports that the Applicant has a
                                pending or delinquent debt to the
                                Federal Government, the Applicant will
                                be required to demonstrate that it has
                                resolved such pending or delinquent
                                debt. Applicants that fail to
                                demonstrate resolution of the pending or
                                delinquent Federal debt will be found
                                ineligible to receive an award.
                                In the case where a Depository
                                Institution Holding Company Applicant
                                intends to carry out the activities of
                                an award through its Subsidiary Insured
                                Depository Institution, the above
                                debarment requirements apply both to the
                                Depository Institution Holding Company
                                and its Subsidiary Insured Depository
                                Institution.
                                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.
------------------------------------------------------------------------
* This requirement also applies to Subsidiary Insured Depository
  Institutions that will carry out award activities on behalf of
  Depository Institution Holding Company Applicants.

           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 for an award by the CDFI
                                Fund.
Matching Funds...............   Matching Funds documentation is
                                not required for TA awards.
Limitation on Awards.........   An Emerging CDFI serving Native
                                Communities may not receive a TA award
                                if it has previously received three or
                                more TA awards in the preceding ten
                                fiscal years.
                                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.
$5 Million funding cap.......   The CDFI Fund is prohibited from
                                obligating more than $5 million in CDFI
                                and NACA Program awards, in the
                                aggregate, to any one organization and
                                its Subsidiaries and Affiliates during
                                any three-year period from the
                                announcement date.
                                The CDFI Fund will include CDFI
                                and NACA Program final awards in the cap
                                calculation that were provided to an
                                Applicant (and/or its Subsidiaries or
                                Affiliates) under the FY 2024 funding
                                round, as well as the requested FY 2025
                                award. The $5 million funding cap
                                includes TA, Base-FA, PPC-FA, and HP-FA
                                awards but excludes DF-FA and HFFI-FA
                                awards.
Proposed Activities..........   Applicants must propose to
                                directly undertake eligible activities
                                with TA awards. For example, an
                                uncertified CDFI Applicant must propose
                                to become Certified as part of its
                                Application and a Certified CDFI
                                Applicant must propose activities that
                                build its capacity to serve its Target
                                Market or an Eligible Market.
                                With the exception of Sponsoring
                                Entities, Applicants may not propose to
                                use a TA award to create a separate
                                legal entity to become a Certified CDFI
                                or otherwise carry out the TA award
                                activities.
Regulated Institution........   Each Regulated Institution TA
                                Applicant must have a CAMELS/CAMEL
                                rating (rating for Insured Depository
                                Institutions and Credit Unions,
                                respectively) or equivalent type of
                                rating by its regulator (collectively
                                referred to as ``CAMELS/CAMEL rating'')
                                of at least ``4.''
                                TA Applicants with CAMELS/CAMEL
                                ratings of ``5'' will not be eligible
                                for awards.
                                In the case of a Depository
                                Institution Holding Company Applicant
                                that intends to carry out the award
                                through a Subsidiary Insured Depository
                                Institution, the CAMELS/CAMEL rating
                                eligibility requirements noted above
                                apply to both the Depository Institution
                                Holding Company Applicant as well as the
                                Subsidiary Insured Depository
                                Institution.
                                The CDFI Fund will not approve a
                                TA award for an Insured Depository
                                Institution Applicant that has a
                                Community Reinvestment Act (CRA)
                                assessment rating of below
                                ``Satisfactory'' on its most recent
                                examination.
                                In the case of a Depository
                                Institution Holding Company Applicant
                                that intends to carry out the award
                                through a Subsidiary Insured Depository
                                Institution, the CDFI Fund will not
                                approve a TA award if the Subsidiary
                                Insured Depository Institution has a
                                Community Reinvestment Act (CRA)
                                assessment rating of below
                                ``Satisfactory'' on its most recent
                                examination.
                                The CDFI Fund will also evaluate
                                material concerns identified by the
                                Appropriate Federal Banking Agency in
                                determining the eligibility of Regulated
                                Institution Applicants.
Target Market................   TA Applicants must demonstrate
                                that the Certified CDFI, Emerging CDFI,
                                or the CDFI to be created by the
                                Sponsoring Entity will primarily serve
                                one or more Native Communities as its
                                Target Market.
------------------------------------------------------------------------

           Table 8--Eligibility Requirements for FA Applicants
------------------------------------------------------------------------
 
------------------------------------------------------------------------
CDFI Certification status....   Each FA Applicant must be a
                                Certified CDFI as of the publication
                                date of this NOFA in the Federal
                                Register.
                                In the case of a Depository
                                Institution Holding Company Applicant
                                that intends to carry out the award
                                through a Subsidiary Insured Depository
                                Institution, both the Depository
                                Institution Holding Company and its
                                Subsidiary Insured Depository
                                Institution must be Certified CDFIs as
                                of the publication date of this NOFA in
                                the Federal Register.
                                The CDFI Fund will consider an
                                Application submitted by an Applicant
                                that has pending noncompliance issues
                                with its Annual Certification and Data
                                Collection Report (ACR) if the CDFI Fund
                                has not yet made a final compliance
                                determination.
                                If a Certified CDFI loses its
                                CDFI Certification at any point prior to
                                the award announcement, the Application
                                will be deemed ineligible and no longer
                                be considered for an award by the CDFI
                                Fund.
Activities in Native            For consideration under this
 Communities.                   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................   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 one or
                                   more of the following OTPs: of Native
                                   American, Native Alaskan, or Native
                                   Hawaiian.
                                Any FA Applicant whose CDFI
                                Certification Target Market does not
                                meet either of the conditions above will
                                not be eligible for an FA award under
                                this NOFA.
Community Collaboration......   All FA Applicants must
                                demonstrate strong community
                                collaboration with Native Communities.
Matching Funds documentation.   Native American CDFIs are not
                                required to provide Matching Funds.
$5 Million funding cap.......   The CDFI Fund is prohibited from
                                obligating more than $5 million in CDFI
                                and NACA Program awards, in the
                                aggregate, to any one organization and
                                its Subsidiaries and Affiliates during
                                any three-year period from the
                                announcement date.

[[Page 6085]]

 
                                The CDFI Fund will include CDFI
                                and NACA Program final awards in the cap
                                calculation that were awarded to an
                                Applicant (and/or its Subsidiaries or
                                Affiliates) under the FY 2024 funding
                                round, as well as the requested FY 2025
                                award. The $5 million funding cap
                                includes TA, Base-FA, PPC-FA, and HP-FA
                                awards but excludes DF-FA and HFFI-FA
                                awards.
FA Applicants with Community    A NACA Applicant can apply for
 Partners.                      assistance jointly with a Community
                                Partner. The NACA Applicant must
                                complete the NACA Program Application
                                and address the Community Partnership in
                                its business plan and other sections of
                                the Application as specified in the
                                Application materials.
                                The NACA Applicant must be a
                                Certified CDFI as defined in table 5.
                                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.
                                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.
                                Applicants for HP-FA only (with
                                no Base-FA request) are not eligible to
                                apply with a Community Partner. Only
                                Certified CDFIs may apply for HP-FA only
                                (with no Base-FA request).
Regulated Institution........   Each Regulated Institution FA
                                Applicant must have a CAMELS/CAMEL
                                rating (rating for Insured Depository
                                Institutions and Credit Unions,
                                respectively) or equivalent type of
                                rating by its regulator (collectively
                                referred to as ``CAMELS/CAMEL rating'')
                                of at least ``3.''
                                FA Applicants with CAMELS/CAMEL
                                ratings of ``4'' or ``5'' will not be
                                eligible for awards.
                                In the case of a Depository
                                Institution Holding Company Applicant
                                that intends to carry out the award
                                through a Subsidiary Insured Depository
                                Institution, the CAMELS/CAMEL rating
                                eligibility requirements noted above
                                apply to both the Depository Institution
                                Holding Company Applicant as well as the
                                Subsidiary Insured Depository
                                Institution. The CDFI Fund will not
                                approve an FA award for an Insured
                                Depository Institution Applicant that
                                has a Community Reinvestment Act (CRA)
                                assessment rating of below
                                ``Satisfactory'' on its most recent
                                examination.
                                In the case of a Depository
                                Institution Holding Company Applicant
                                that intends to carry out the award
                                through a Subsidiary Insured Depository
                                Institution, the CDFI Fund will not
                                approve an FA award if the Subsidiary
                                Insured Depository Institution has a
                                Community Reinvestment Act (CRA)
                                assessment rating of below
                                ``Satisfactory'' on its most recent
                                examination.
                                The CDFI Fund will also evaluate
                                material concerns identified by the
                                Appropriate Federal Banking Agency in
                                determining the eligibility of Regulated
                                Institution Applicants.
PPC-FA.......................   All PPC-FA Applicants must:
                                  [cir] Submit a CDFI or NACA Program FA
                                   Application;
                                  [cir] Meet all NACA FA award
                                   eligibility requirements;
                                  [cir] Submit the PPC-FA Application;
                                   and
                                  [cir] Provide a PPC-FA award request
                                   amount in AMIS.
DF-FA........................   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......................   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.
HP-FA........................   Applicants applying for only HP-
                                FA (with no Base-FA request) must:
                                  [cir] Submit a CDFI or NACA Program FA
                                   Application;
                                  [cir] Meet all NACA FA award
                                   eligibility requirements;
                                  [cir] Indicate intention to apply for
                                   only HP-FA in the CDFI or NACA
                                   Program FA Application;
                                  [cir] Submit the Excel HP-FA
                                   Application;
                                  [cir] Have a track record of having
                                   financed Housing in each of the last
                                   3 historic fiscal years; and
                                  [cir] Provide an HP-FA award request
                                   amount.
                                Applicants applying for HP-FA as
                                a supplement to Base-FA request must:
                                  [cir] Submit a CDFI or NACA Program FA
                                   Application;
                                  [cir] Meet all NACA FA award
                                   eligibility requirements;
                                  [cir] Indicate intention to apply for
                                   both a Base-FA award and an HP-FA
                                   award in the CDFI Program or NACA
                                   Program FA Application;
                                  [cir] Submit the Excel HP-FA
                                   Application;
                                  [cir] Have a track record of having
                                   financed Housing in each of the last
                                   3 historic fiscal years; and
                                  [cir] Provide an HP-FA award request
                                   amount.
------------------------------------------------------------------------

    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 https://www.cdfifund.gov/native. Applicants may request a paper version of any Application 
material by contacting the CDFI Fund Help Desk at 
[email protected]. Paper versions of Application materials will 
only be

[[Page 6086]]

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 2025 Funding Round. The CDFI Fund 
reserves the right to request and review other pertinent or public 
information that has not been specifically requested in this NOFA or 
the Application. Information submitted by the Applicant that the CDFI 
Fund has not specifically requested will not be reviewed or considered 
as part of the Application. Financial data, portfolio, and activity 
information provided in the Application should only include the 
Applicant's activities. Information submitted must accurately reflect 
the Applicant's activities (other than Depository Institution Holding 
Companies--see table 6).

                Table 10--Required Application Documents
------------------------------------------------------------------------
      Application documents         Applicant type     Submission format
------------------------------------------------------------------------
Active AMIS Account.............  All Applicants....  AMIS.
SF-424..........................  All Applicants....  Fillable PDF in
                                                       Grants.gov.
Title VI Compliance Worksheet *.  All Applicants....  AMIS.
NACA Program Application          All Applicants....  AMIS.
 Components:.
     Funding Application
     Detail.
     Data, Charts, and
     Narrative sections as
     listed in AMIS and outlined
     in Application materials.
PPC-FA Application Components:..  PPC-FA Applicants.  AMIS.
     Funding Application
     Detail.
     Narratives.........
     AMIS Charts........
DF-FA Application Components:...  DF-FA Applicants..  AMIS.
     Funding Application
     Detail.
     Narratives.........
     AMIS Charts........
HFFI-FA Application Components:.  HFFI-FA Applicants  AMIS.
     Funding Application
     Detail.
     Narratives.........
     AMIS charts........
HP-FA Application Components:     HP-FA Applicants..  Attachment to AMIS
 The Excel HP-FA Application                           Service Request.
 will not be completed as part
 of the AMIS Application. The
 Application component is
 anticipated to be released at a
 later date than the other
 Application components under
 this NOFA and will be due at a
 later date, as noted in table
 1. Applicants will be provided
 at least 30 days to complete
 the Excel HP-FA Application
 which will be an Excel
 spreadsheet that contains two
 sections:.
 Narratives.............
 Tables.................
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   PDF in AMIS.
 financial statements for the      TA 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           PDF in AMIS.
 for Applicant's Three Most        Applicants, if
 Recent Historic Years (required   available: loan
 if available, and only if         funds, Venture
 audited financial statements      Capital Funds,
 are not available).               and other non-
                                   Regulated
                                   Institutions.
Community Partnership Agreement.  FA Applicants, if   PDF or Word
                                   applicable.         document in AMIS.
------------------------------------------------------------------------
* This requirement also applies to Subsidiary Insured Depository
  Institutions that will carry out award activities on behalf of
  Depository Institution Holding Company Applicants.
** 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 multiple 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 CDFI Fund's Award Management Information System 
(AMIS). 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 deadlines for submitting the relevant Application materials are 
listed in table 1.
    First, 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: https://www.grants.gov/register). Since the Grants.gov registration process requires 
Applicants to have a UEI and an EIN, Applicants without these

[[Page 6087]]

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. The Excel HP-FA 
Application must be submitted via a Service Request in AMIS by an 
Authorized Representative of the Applicant or an Application Point of 
Contact. 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 AMIS 
Application is not submitted by an Authorized Representative or 
Application Point of Contact, 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
------------------------------------------------------------------------
                                                            Estimated
             Step                       Agency           minimum time to
                                                            complete
------------------------------------------------------------------------
Obtain an EIN.................  Internal Revenue        Two (2) Weeks.*
                                 Service (IRS).
Register in SAM.gov...........  System for Award        Four (4) Weeks.*
                                 Management (SAM.gov).
                                 This step will
                                 include obtaining a
                                 UEI.
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 Instructions:
    1. Submission Deadlines: Table 1 provides the critical deadlines 
for the FY 2025 Funding Round.
    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. Note, the Excel 
HP-FA Application will be submitted separately via a Service Request in 
AMIS by the date specified in table 1. 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

[[Page 6088]]

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. The Base-FA, PPC-FA, DF-
FA, HFFI-FA, and TA Application components will all be submitted as 
part of a single AMIS Application. 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 Excel HP-FA Application will be a fillable Excel spreadsheet 
and must be separately submitted as an attachment to a Service Request 
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 submitted in AMIS must be signed 
by an Authorized Representative listed in the organization's AMIS 
account 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 Application is not 
submitted by an Authorized Representative or Application Point of 
Contact, 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. 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. 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. 
The CDFI Fund will not accept the Excel HP-FA Application if it is not 
submitted via a Service Request in AMIS by the deadline in table 1. 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, from submitting the AMIS Application, from 
submitting the Excel HP-FA Application, from creating an AMIS account, 
or 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 AMIS Application, the Excel HP-FA 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 
[email protected] 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, including Late Excel HP-FA 
Application 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, HP-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

[[Page 6089]]

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 Administrative 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 Administrative 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.
    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 Administrative 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 Administrative Requirements, with respect to any Direct Costs.
    5. HP-FA Awards:
    a. A Recipient shall use HP-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, HP-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. HP-FA award funds shall only be paid to the Recipient.
    d. The CDFI Fund, in its sole discretion, may pay HP-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 Administrative Requirements, with respect to any Direct Costs.
    6. 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 Administrative 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 
Administrative 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, HP-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.
    1. Base-FA Application Scoring, Award Selection, Review, and 
Selection Process: The CDFI Fund will evaluate each Application using a 
five-step

[[Page 6090]]

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 Insured 
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. Each Insured 
Depository Institution Applicant and each Subsidiary Insured 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 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.
    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 12. 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 75% 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 advancing 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 75% 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.
    Applicants who request only an HP-FA award (with no Base-FA award) 
will be evaluated in a separate pool from the Core and SECA Base-FA 
Applicant types, utilizing the criteria outlined in table 12. This pool 
will combine any HP-FA only Applications under both the CDFI Program 
and the NACA Program. The Step 3 review questions under these criteria 
will be modified to reflect the fact that Applications requesting only 
HP-FA without Base-FA will not have an FA Objective. This review will 
be completed by CDFI Fund or other Federal staff, rather than external 
reviewers. Upon completion of the Step 3: Business Plan Review, the 
Applications requesting only an HP-FA award without a Base-FA award 
will be ranked according to Step 3 score. The CDFI Fund will forward 
the same percentage of HP-FA only applications to Step 4 as the 
percentage of the CDFI Program Core Applicant pool requesting Base-FA 
forwarded to Step 4. For example, if the CDFI Fund forwards the highest 
scoring 60% of the CDFI Program Core Applicant pool requesting Base-FA 
to Step 4, and it received 8 Applications requesting only HP-FA (across 
both the CDFI and NACA Programs), it will multiply 8 by 60% to 
calculate 4.8 and forward five Applicants to Step 4, as five is the 
closest whole number to 4.8.

     Table 12--Step 3: Base-FA Business Plan Review Scoring Criteria
------------------------------------------------------------------------
                                                       Score needed to
Base-FA application sections     Possible score            advance
------------------------------------------------------------------------
Mission and Community Needs.  Scored as a           N/A.
                               component of the
                               other Base-FA
                               Application
                               Sections.
Business Strategy...........  12..................  N/A.
Market and Competitive        7...................  N/A.
 Analysis.
Products and Services.......  12..................  N/A.
Management and Track Record.  12..................  N/A.
Growth and Projections......  7...................  N/A.
                             ----------------------

[[Page 6091]]

 
    Total Business Plan       50..................  NACA Applicants: Up
     Score.                                          to but not
                                                     exceeding top 75%
                                                     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 13 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. For Applications 
requesting only HP-FA (with no Base-FA request), the Step 4 policy 
objective review will be conducted using the same categories listed in 
table 13. Where appropriate, the evaluation criteria for reviewers will 
be modified to reflect the fact that Applications requesting only HP-FA 
without Base-FA will not have an FA Objective.
    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 
Objectives 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. For Applications requesting only HP-FA (with no 
Base-FA), the due diligence review will consist of all of the above 
components except the FA Objective due diligence review; due diligence 
related to the Application's HP-FA strategy will be conducted as part 
of the HP-FA Application review.

                            Table 13--Step 4: Base-FA Policy Review Scoring Criteria
----------------------------------------------------------------------------------------------------------------
               Section                          Possible scores            High score    Score needed to advance
----------------------------------------------------------------------------------------------------------------
Economic Distress....................  1, 2, 3, 4, or 5................               1  N/A.
Economic Opportunities...............  1, 2, 3, 4, or 5................               1  N/A.
Community Collaboration..............  1, 2, 3, 4, or 5................               1  N/A.
Total Policy Objective Review          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 in accordance with the FA 
Application Guidance, or the minimum award size as noted in table 2, 
whichever is greater.
    2. HFFI-FA Application Scoring, Award Selection, Review, and 
Selection Process: A CDFI Fund internal reviewer will evaluate each 
HFFI-FA Application associated with a Base-FA Application that 
progresses to Step 4 of the FA Application review process. The reviewer 
will evaluate the Application sections listed in table 14 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 deployment track record, 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 14--Step 4 HFFI-FA Application Scoring Criteria
----------------------------------------------------------------------------------------------------------------
                          Sections                                              Possible score
----------------------------------------------------------------------------------------------------------------
Target Market Profile......................................  10 points.
Healthy Food Financial Products............................  10 points.
Projected HFFI-FA Activities...............................  15 points.
HFFI Track Record..........................................  20 points.
Management Capacity for Providing Healthy Food Financing...  5 points.
Total HFFI-FA Score........................................  60 points.
----------------------------------------------------------------------------------------------------------------

    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

[[Page 6092]]

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 total portfolio outstanding, 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, total portfolio outstanding, 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 15--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. HP-FA Application Scoring, Award Selection, Review, and 
Selection Process: A CDFI Fund internal reviewer will evaluate each HP-
FA Application that progresses to Step 4 of the review process. The 
reviewer will evaluate the Application and assign a Total HP-FA Score 
on a scale of one (1) to three (3), with one (1) being the highest 
score, based on the Applicant's projected financing activity supporting 
housing production, the extent it intends to target 51% or more of 
Homeownership and rental Housing to families with incomes at 80% AMI or 
below, its track record of financing housing, its projected timeline 
for Housing to be completed, and the effectiveness of its strategy to 
mitigate any risks. Applicants are then grouped according to Total HP-
FA Score. All Applications will be reviewed in accordance with standard 
reviewer evaluation materials. Applicants that would not qualify for an 
award based on Step 4 Total Policy Objective Review Score and due 
diligence evaluation will not be considered for an HP-FA award. 
Applicants that request an HP-FA award as a supplement a Base-FA award 
must be selected to receive a Base-FA award to be considered for an HP-
FA award. Award amounts will be determined based on the Total HP-FA 
Score, the Applicant's requested amount, and on certain factors, 
including but not limited to, an Applicant's deployment track record, 
total portfolio outstanding, minimum award size, proximity to the $5 
million over three years award cap, geographies served, and funding 
availability. The CDFI Fund may reduce an Applicant's award amount as a 
result of this analysis. The CDFI Fund will make awards to the highest 
scoring Applicants first.
    6. 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 within the 
Applicant's Target Market. An Applicant that is an Emerging CDFI will 
be evaluated on the Applicant's demonstrated capability and plan to 
achieve CDFI Certification within three years, or if a prior Recipient, 
the 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 16.

                    Table 16--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.

[[Page 6093]]

 
    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 Review 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 Depository Institution Holding Company, 
the CDFI Fund will consider information provided by the Appropriate 
Federal or State Banking Agencies about both the Depository Institution 
Holding Company and the 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 Insured Depository Institutions 
carrying out the activities of an award on behalf of a 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.
    8. Consideration of the Three-Year Award Cap: The CDFI Fund is 
prohibited from obligating more than $5 million in CDFI and NACA 
Program awards, in the aggregate, to any one organization and its 
Subsidiaries and Affiliates during any three-year period from the 
announcement date. Base-FA, TA, PPC-FA, and HP-FA are expected to be 
considered in this determination, based on existing statutory authority 
and past appropriations bill language. DF-FA and HFFI-FA were excluded 
from consideration towards the three-year award cap in the enacted FY 
2024 Consolidated Appropriations Act; however, the final FY 2025 
appropriations are still pending. Thus, the CDFI Fund reserves the 
right to include FY 2025 DF-FA and HFFI-FA awards in calculating the 
three-year award cap if these programs are not excluded in the final FY 
2025 CDFI Program appropriations. The CDFI Fund may reduce award 
amounts or deny certain supplemental awards if necessary to stay under 
the $5 million award cap for a Recipient.
    B. Anticipated Award Announcement: The CDFI Fund anticipates making 
the NACA Program award announcement before September 30, 2025. 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 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

[[Page 6094]]

interest process and be approved by the CDFI Fund.

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 Administrative 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 
Administrative 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 17.

    Table 17--Requirements Prior to Executing an Assistance Agreement
------------------------------------------------------------------------
         Requirement                            Criteria
------------------------------------------------------------------------
Failure to meet reporting       If a Recipient received a prior
 requirements.                  award or allocation under any CDFI Fund
                                program and is not current on the
                                reporting requirements set forth in the
                                previously executed assistance, award,
                                allocation, bond loan agreement(s), or
                                agreement to guarantee, as of the date
                                of the notice of award, the CDFI Fund
                                reserves the right, in its sole
                                discretion, to delay entering into an
                                Assistance Agreement and/or to delay
                                making a payment of award, until said
                                prior Recipient or allocatee is current
                                on the reporting requirements in the
                                previously executed assistance, award,
                                allocation, bond loan agreement(s), or
                                agreement to guarantee.
                                If such a prior Recipient or
                                allocatee is unable to meet this
                                requirement within the timeframe set by
                                the CDFI Fund, the CDFI Fund reserves
                                the right, in its sole discretion, to
                                terminate and rescind the notice of
                                award and the award made under this
                                NOFA.
                                Please note that automated
                                systems employed by the CDFI Fund for
                                receipt of reports submitted
                                electronically typically acknowledge
                                only a report's receipt; such
                                acknowledgment does not warrant that the
                                report received was complete, nor that
                                it met reporting requirements.
Failure to maintain CDFI        An FA Recipient must be a
 Certification.                 Certified CDFI.
                                If an FA Recipient fails to
                                maintain CDFI Certification, the CDFI
                                Fund will not execute the Assistance
                                Agreement and will terminate and rescind
                                the award made under this NOFA.
                                If a TA Recipient is a Certified
                                CDFI at the time of award announcement,
                                it must maintain CDFI Certification.
                                If a Certified CDFI TA Recipient
                                fails to maintain CDFI Certification,
                                the CDFI Fund will not execute the
                                Assistance Agreement and will terminate
                                and rescind the award made under this
                                NOFA.
Pending resolution of           The CDFI Fund will delay
 noncompliance or default.      entering into an Assistance Agreement
                                with a prior Recipient or allocatee (or
                                Affiliate of the Recipient identified in
                                AMIS) 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.

[[Page 6095]]

 
                                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/or rescind
                                the notice of award and the award made
                                under this NOFA.
Noncompliance or default        If, at any time prior to
 status.                        entering into an Assistance Agreement,
                                the CDFI Fund determines that a
                                Recipient (or Affiliate of the Recipient
                                identified in AMIS) 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.
                                Additionally, regardless of whether a
                                sanction or remedy is imposed, the CDFI
                                Fund will not consider an Application
                                submitted by an Applicant if the default
                                on a prior Allocation Agreement of the
                                Applicant or an Affiliate occurs during
                                the time period beginning 12 months
                                prior to the Application deadline and
                                execution of the FY 2025 Assistance
                                Agreement. 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   If, within the period starting
 rights requirements.           three years prior to this NOFA and
                                through the date of the Assistance
                                Agreement, the Recipient received a
                                final determination, in any proceeding
                                instituted against the Recipient in, by,
                                or before any court, governmental, or
                                administrative body or agency, declaring
                                that the Recipient violated any Federal
                                civil rights laws or regulations,
                                including: Title VI of the Civil Rights
                                Act of 1964, as amended (42 U.S.C. 2000d
                                et seq.); Fair Housing Act (42 U.S.C.
                                3601 et seq.); Equal Credit Opportunity
                                Act (15 U.S.C. 1691 et seq.); section
                                504 of the Rehabilitation Act of 1973
                                (29 U.S.C. 794); and the Age
                                Discrimination Act of 1975 (42 U.S.C.
                                6101-6107), the CDFI Fund may terminate
                                and rescind the Assistance Agreement and
                                the award made under this NOFA. The CDFI
                                Fund will delay entering into an
                                Assistance Agreement with a Recipient
                                that has pending Title VI noncompliance
                                issues, if the CDFI Fund has not yet
                                made a final compliance determination.
                                If the Recipient is unable to
                                satisfactorily resolve the Title VI
                                noncompliance issues, the CDFI Fund may
                                terminate and rescind the Assistance
                                Agreement and the award made under this
                                NOFA.
                                The Title VI Compliance
                                Worksheet and program award terms and
                                conditions do not impose
                                antidiscrimination requirements on
                                Tribal governments beyond what would
                                otherwise apply under Federal law.
Do Not Pay...................   The Do Not Pay Business Center
                                was developed to support Federal
                                agencies in their efforts to reduce the
                                number of improper payments made through
                                programs funded by the Federal
                                Government.
                                If the Do Not Pay Business
                                Center reports that the Recipient has a
                                pending or delinquent debt to the
                                Federal Government, the Recipient will
                                be required to demonstrate that it has
                                resolved such pending or delinquent
                                debt. The CDFI Fund reserves the right,
                                in its sole discretion, to rescind an
                                award if the Recipient fails to
                                demonstrate resolution of the pending or
                                delinquent Federal debt.
Safety and soundness.........   If it is determined the
                                Recipient is, or will be, incapable of
                                meeting its award obligations, the CDFI
                                Fund will deem the Recipient to be
                                ineligible or require it to improve its
                                safety and soundness prior to entering
                                into an Assistance Agreement.
------------------------------------------------------------------------

    C. Reporting
    1. Reporting requirements: On an annual basis during the Period of 
Performance, the CDFI Fund may collect information from each Recipient 
including, but not limited to, an Annual Report with the following 
components (Annual Reporting Requirements):

                Table 18--Annual Reporting Requirements *
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Financial Statement Audit      A Non-profit Recipient (including Insured
 Report (Non-profit Recipient   Credit Unions and State-Insured Credit
 including Insured Credit       Unions) must submit a Financial
 Unions and State-Insured       Statement Audit (FSA) Report in AMIS,
 Credit Unions).                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 Administrative
                                Requirements or otherwise prepared at
                                the request of the Recipient or parties
                                other than the CDFI Fund.
Financial Statement Audit      For-profit Recipients must submit an FSA
 Report (For-Profit             Report in AMIS, along with the
 Recipient).                    Recipient's statement of financial
                                condition audited or reviewed by an
                                independent certified public accountant.
Financial Statement Audit      If the Recipient is a Depository
 Report (Depository             Institution Holding Company or an
 Institution Holding Company    Insured Depository Institution, it must
 and Insured Depository         submit an FSA Report in AMIS.
 Institution).
Financial Statement Audit      A Sponsoring Entity must submit an FSA
 Report (Sponsoring Entities).  Report in AMIS, along with a statement
                                of financial condition audited or
                                reviewed by an independent certified
                                public accountant, if any are prepared.
                               Under no circumstances should this be
                                construed as the CDFI Fund requiring the
                                Sponsoring Entity to conduct or arrange
                                for additional audits not otherwise
                                required under Uniform Requirements or
                                otherwise prepared at the request of the
                                Sponsoring Entity or parties other than
                                the CDFI Fund.
Single Audit Report (Non-      A non-profit Recipient must complete an
 Profit Recipients, if          annual Single Audit pursuant to the
 applicable).                   Uniform Administrative Requirements (see
                                2 CFR Subpart F--Audit Requirements) if
                                it expends $1,000,000 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
                                Administrative Requirements) and
                                optionally through AMIS.
Federal Financial Report/OMB   The Recipient must annually submit the SF-
 Standard Form 425 (SF 425).    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.
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
                                Insured Depository Institution, the
                                Depository Institution Holding Company
                                must submit all uses in 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
                                Insured Depository Institution, the
                                Depository Institution Holding Company
                                must submit all deployed activity in a
                                Performance Progress Report.
Transaction Level Report       The Recipient must submit a TLR to the
 (TLR).                         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
                                Insured Depository Institution, the
                                Depository Institution Holding Company
                                must create and submit the TLR for this
                                award. The Subsidiary Insured Depository
                                Institution does not submit and create a
                                TLR related to this award.

[[Page 6096]]

 
                               The full-length TLR completed by FA
                                Recipients is not required for TA
                                Recipients. However, TA Recipients who
                                are Certified CDFIs must complete the
                                abbreviated TLR through AMIS as a
                                requirement of CDFI Certification.
Annual Certification and Data  TA Recipients that are Certified at the
 Collection Report (ACR).       time of award announcement and all FA
                                Recipients must submit the ACR to the
                                CDFI Fund through AMIS per the ACR
                                reporting schedule.
                               If a TA Recipient is a Certified CDFI at
                                the time of the award announcement, it
                                must also submit the abbreviated TLR in
                                conjunction with its ACR to the CDFI
                                Fund through AMIS as per the ACR and
                                abbreviated TLR reporting schedule.
                               If a TA Recipient is an uncertified CDFI
                                at the time of award announcement, it
                                must submit the ACR and abbreviated TLR
                                to the CDFI Fund through AMIS subsequent
                                to obtaining CDFI Certification as per
                                the ACR and abbreviated TLR 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 require Recipients to 
take training on how to accurately complete any reporting required 
pursuant 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 9:00 a.m. and 5:00 p.m. Eastern 
Time, starting on the date that the NOFA is published through the date 
listed in table 1. 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, 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 https://www.cdfifund.gov. Table 19 
lists CDFI Fund contact information:

                                          Table 19--Contact Information
----------------------------------------------------------------------------------------------------------------
         Type of question            Preferred method     Telephone number (not toll free)     Email addresses
----------------------------------------------------------------------------------------------------------------
NACA Program.....................  Service Request via   202-653-0421, option 1............  [email protected]
                                    AMIS.                                                     .gov.
Compliance Monitoring and          Service Request via   202-653-0423......................  [email protected]
 Evaluation.                        AMIS.                                                     .
CDFI Certification...............  Service Request via   202-653-0423......................  [email protected]
                                    AMIS.                                                     .gov.
AMIS--IT Help Desk...............  Service Request via   202-653-0422......................  [email protected]
                                    AMIS.                                                     .
Grants.gov Help Desk.............  N/A.................  (800) 518-4726....................  [email protected].
SAM.gov (Federal Service Desk)...  N/A.................  (866) 606-8220....................  https://sam.gov/.
----------------------------------------------------------------------------------------------------------------

    B. Information Technology Support: For IT assistance, the preferred 
method of contact is to submit a Service Request within AMIS. For the 
Service Request, select ``Technical Issues'' from the Program dropdown 
menu of the Service Request. People who have visual or mobility 
impairments that prevent them from using the CDFI Fund's website should 
call (202) 653-0422 for assistance (this is not a toll-free number).
    C. Communication with the CDFI Fund: The CDFI Fund will use the 
contact information in AMIS to communicate with Applicants and 
Recipients. It is imperative, therefore, that Applicants, Recipients, 
Subsidiaries, Affiliates, and signatories maintain accurate contact 
information in their accounts. This includes information such as 
contact names (especially for the Authorized Representative), email 
addresses, fax and phone numbers, and office locations.
    D. Revisions to Federal Funding Accountability and Transparency Act 
of 2006: Each Applicant that does not have an exception related to 
reporting subaward and executive compensation information under 2 CFR 
part 170 must have the necessary processes and systems in place to 
comply with reporting requirements should they receive an award.

[[Page 6097]]

    E. Civil Rights and Equal Employment Opportunity: Any person who is 
eligible to receive benefits or services from the CDFI Fund or 
Recipients under any of its programs or activities is entitled to those 
benefits or services without being subject to prohibited 
discrimination. The Department of the Treasury's Office of Civil Rights 
and Equal Employment Opportunity enforces various Federal statutes and 
regulations that prohibit discrimination in financially assisted and 
conducted programs and activities of the CDFI Fund. If a person 
believes that s/he has been subjected to discrimination and/or reprisal 
because of race, color, religion, national origin, age, sex, marital 
status, familial status, disability and/or reprisal, s/he may file a 
complaint with: Director, Office of Civil Rights and Equal Employment 
Opportunity, 1500 Pennsylvania Ave. NW, Washington, DC 20230 or (202) 
622-1160 (not a toll-free number).
    F. Whistleblower Protections: An employee of a Recipient or 
Subrecipient must not be discharged, demoted, or otherwise 
discriminated against as a reprisal for disclosing to a person or body 
described in paragraph (a)(2) of 41 U.S.C. 4712 information that the 
employee reasonably believes is evidence of gross mismanagement of a 
Federal contract or grant, a gross waste of Federal funds, an abuse of 
authority relating to a Federal contract or grant, a substantial and 
specific danger to public health or safety, or a violation of law, 
rule, or regulation related to a Federal contract (including the 
competition for or negotiation of a contract) or grant. The Recipient 
and Subrecipient must inform their employees in writing of employee 
whistleblower rights and protections under 41 U.S.C. 4712. See 
statutory requirements for whistleblower protections at 10 U.S.C. 4701, 
41 U.S.C. 4712, 41 U.S.C. 4304, and 10 U.S.C. 4310.
    G. 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 Applications have been assigned the following control number: 
1559-0021.
    B. Application Information Sessions: The CDFI Fund may conduct 
webinars or host information sessions for organizations that are 
considering applying to, or are interested in learning about, the CDFI 
Fund's programs. For further information, visit the CDFI Fund's website 
at https://www.cdfifund.gov.
    Authority: 12 U.S.C. 4701, et seq.; 12 CFR parts 1805 and 1815; 2 
CFR part 200.

Pravina Raghavan,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2025-01323 Filed 1-16-25; 8:45 am]
BILLING CODE 4810-05-P
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