37912 Federal Register / Vol. 87, No. 121 / Friday, June 24, 2022 / Notices 

1Service Request means a written inquiry or 

notification submitted to the CDFI Fund via AMIS. 

2Certified CDFI shall mean an entity that the 

CDFI Fund has officially notified that it meets all 

CDFI certification requirements set forth in 12 CFR 

part 1805. 

Interested parties are invited to 

participate in these proceedings by 

submitting written views, data, or 

comments. FRA does not anticipate 

scheduling a public hearing in 

connection with these proceedings since 

the facts do not appear to warrant a 

hearing. If any interested party desires 

an opportunity for oral comment and a 

public hearing, they should notify FRA, 

in writing, before the end of the 

comment period and specify the basis 

for their request. 

All communications concerning these 

proceedings should identify the 

appropriate docket number and may be 

submitted at http://

www.regulations.gov. Follow the online 

instructions for submitting comments. 

Communications received by August 

8, 2022 will be considered by FRA 

before final action is taken. Comments 

received after that date will be 

considered if practicable. Anyone can 

search the electronic form of any written 

communications and comments 

received into any of our dockets by the 

name of the individual submitting the 

comment (or signing the document, if 

submitted on behalf of an association, 

business, labor union, etc.). Under 5 

U.S.C. 553(c), the U.S. Department of 

Transportation (DOT) solicits comments 

from the public to better inform its 

processes. DOT posts these comments, 

without edit, including any personal 

information the commenter provides, to 

www.regulations.gov, as described in 

the system of records notice (DOT/ALL– 

14 FDMS), which can be reviewed at 

https://www.transportation.gov/privacy. 

See also https://www.regulations.gov/ 

privacy-notice for the privacy notice of 

regulations.gov. 

Issued in Washington, DC. 

John Karl Alexy, 

Associate Administrator for Railroad Safety 

Chief Safety Officer. 

[FR Doc. 2022–13494 Filed 6–23–22; 8:45 am] 

BILLING CODE 4910–06–P 

DEPARTMENT OF THE TREASURY 

Community Development Financial 

Institutions Fund 

Funding Opportunity: Community 

Development Financial Institutions 

Equitable Recovery Program (CDFI 

ERP) 

Funding Opportunity Title: Notice of 

Funds Availability (NOFA) inviting 

Applications for grants under the CDFI 

Equitable Recovery Program (CDFI ERP). 

Announcement Type: Announcement 

of funding opportunity. 

Funding Opportunity Number: CDFI– 

2022–ERP. 

Catalog of Federal Domestic 

Assistance (CFCA) Number: 21.033. 

Dates: 

TABLE 1—CRITICAL DEADLINES FOR CDFI ERP APPLICANTS

Description Deadline Time 

(eastern time, ET) Submission method 

Submit OMB Standard Form-424 Mandatory (Application for Federal Assistance) (SF–424).July 26, 2022 ........ 11:59 p.m. ET ....... Electronically via Grants.gov. 

Enter Employer Identification Number (EIN) and 

Unique Entity Identifier (UEI) numbers in AMIS.

July 26, 2022 ........ 11:59 p.m. ET ....... Electronically via Awards Management Information System (AMIS). 

Last day to contact CDFI Fund with questions 

about the CDFI ERP.

August 19, 2022 ... 5:00 p.m. ET ......... Service Request 1 via AMIS or erp@

cdfi.treas.gov or 202–653–0421. 

Last day to contact CDFI Fund with questions 

about Compliance or CDFI Certification.

August 19, 2022 ... 5:00 p.m. ET ......... Compliance and Reporting AMIS Service Request or 202–653–0423. 

Last day to contact AMIS–IT Help Desk (regarding AMIS technical problems only).August 23, 2022 ... 5:00 p.m. ET ......... Service Request via AMIS or AMIS@

cdfi.treas.gov or 202–653–0422. 

Submit complete CDFI ERP Application Package August 23, 2022 ... 11:59 p.m. ET ....... Electronically via AMIS. 

Executive Summary: The Community 

Development Financial Institutions 

Fund (CDFI Fund) is launching the 

CDFI Equitable Recovery Program (CDFI 

ERP) to provide awards of up to $15 

million to Certified Community 

Development Financial Institutions 

(CDFIs) 2 for the following purposes: (1) 

to expand lending, grant making and 

investment activity in Low- or 

Moderate-Income communities and to 

borrowers, including minorities, that 

have significant unmet capital or 

financial services needs, and were 

disproportionately impacted by the 

COVID–19 pandemic; and (2) to enable 

CDFIs to build organizational capacity 

and acquire technology, staff, and other 

tools necessary to accomplish the 

activities under a CDFI ERP Award. All 

Awards provided through this NOFA 

are subject to funding availability. 

I. Program Description 

A. History: The CDFI Fund was 

established by the Riegle Community 

Development and Regulatory 

Improvement Act of 1994 (Pub. L. 103– 

325) (Riegle Act) to promote economic 

revitalization and community 

development through investment in and 

assistance to CDFIs. The CDFI ERP was 

authorized by Congress to provide 

grants to CDFIs to respond to the 

economic impact of the COVID–19 

pandemic. 

B. Authorizing Statutes and 

Regulations: Pursuant to § 523 (Section 

523) of Division N of the Consolidated 

Appropriations Act, 2021 (Pub. L. 116– 

260), Congress authorized the CDFI ERP. 

The regulations governing the CDFI 

Program are found at 12 CFR parts 1805 

and 1815 (the Regulations) and are used 

by the CDFI Fund to govern, where 

applicable, the CDFI ERP. For a 

complete understanding of the program, 

the CDFI Fund encourages Applicants to 

review this NOFA; the CDFI ERP 

Application (the Application); all 

related materials and guidance 

documents found on the CDFI Fund’s 

website (Application Materials); and the 

Uniform Administrative Requirements, 

Cost Principles, and Audit 

Requirements for Federal Awards (2 

CFR part 1000), which is the 

Department of the Treasury’s 

codification of the Office of 

Management and Budget (OMB) 

government-wide framework for grants 

management at 2 CFR part 200 (the 

Uniform Requirements). Capitalized 

terms used but not defined in this 

NOFA are defined in the Regulations, 

the Application, the Application 

Materials, or the Uniform Requirements. 

Details regarding Application content 

requirements are available in the 


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3For the purposes of this NOFA, an Applicant’s 

most recent historic fiscal year is determined as 

follows: 

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

and a completed FY 2022 audit will treat FY 2022 

as their most recent historic fiscal year. 

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

but without a completed FY 2022 audit will treat 

FY 2021 as their most recent historic fiscal year. 

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

will treat FY 2021 as their most recent historic 

fiscal year. 

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

will treat FY 2021 as their most recent historic 

fiscal year. 

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

will treat FY 2021 as their most recent historic 

fiscal year. 

4Budget Period means the time interval from the 

start date of a funded portion of an award to the 

end date of that funded portion during which 

Recipients are authorized to expend the funds 

awarded. The Budget Period for CDFI ERP Program 

Awards begins with the date of the Award 

announcement and includes a Recipient’s five full 

Continued 

Application and Application Materials 

at www.cdfifund.gov/erp. 

C. Priorities: The objectives of the 

CDFI ERP are: (1) to provide funding to 

CDFIs to expand lending, grant making 

and investment activities in Low- or 

Moderate-Income communities and to 

borrowers, including minorities, that 

have significant unmet capital or 

financial services needs, and were 

disproportionately impacted by the 

COVID–19 pandemic, and (2) to enable 

CDFIs to build organizational capacity 

and acquire technology, staff, and other 

tools necessary to accomplish the 

activities under a CDFI ERP Award. The 

activities funded with a CDFI ERP 

Award will respond to economic 

impacts of the COVID–19 pandemic 

such as job loss; disruptions in health 

and mental healthcare; disruptions in 

childcare; increased housing instability; 

decreased availability of and increased 

cost of financing for affordable housing 

and home ownership; exacerbated 

inaccessibility to broadband internet; 

increased food insufficiency; 

disruptions in operations for small 

businesses, Small Farms and nonprofit 

organizations; and other negative 

impacts. 

To pursue these objectives, the CDFI 

Fund will prioritize funding 

Applications that commit to use their 

CDFI ERP Awards in ERP-Eligible 

Geographies. These geographies are 

defined in in Section II.D.2 of this 

NOFA in order to achieve the statutory 

objective of directing CDFI ERP 

activities to Low- or Moderate-Income 

communities and to borrowers, 

including minorities, that have 

significant unmet capital or financial 

services needs, and were 

disproportionately impacted by the 

COVID–19 pandemic. The CDFI Fund 

will also prioritize funding Applications 

that commit to provide one of the 

following: (1) Financial Products, 

Financial Services, Development 

Services and/or Grants to Low- or 

Moderate-Income Minority 

communities; (2) Financial Products, 

Financial Services, Development 

Services and/or Grants to Minorities 

that have significant unmet capital or 

financial services needs; (3) Financial 

Products, Financial Services, 

Development Services and/or Grants to 

serve Persistent Poverty Counties, 

Native Areas and/or U.S. Territories; (4) 

Financial Products, Financial Services, 

Development Services and/or Grants to 

small businesses with less than $1 

million in annual gross revenue or to 

Small Farms, with an emphasis on 

serving small businesses with less than 

$100,000 in annual revenue; or (5) 

increased lending in ERP-Eligible 

Geographies. 

In further pursuit of the program 

objectives, the CDFI ERP will prioritize 

Applicants with a track record of: (1) 

making loans, grants, or investments in 

Low- or Moderate-Income Minority 

communities that are also ERP-Eligible 

Geographies; (2) making loans, grants, or 

investments to Minorities that have 

significant unmet capital or financial 

services needs; (3) making loans, grants, 

or investments in Persistent Poverty 

Counties, Native Areas, and/or U.S. 

Territories; (4) making loans, grants, or 

investments to small businesses with 

less than $1 million in annual gross 

revenue or to Small Farms, with an 

emphasis on small businesses with less 

than $100,000 in annual gross revenue; 

(5) increasing lending in ERP-Eligible 

Geographies; (6) creating new Financial 

Products and Grants to support ERPEligible Geographies; and (7) expanding 

into previously unserved ERP-Eligible 

Geographies. 

D. Uniform Administrative 

Requirements, Cost Principles, and 

Audit Requirements for Federal Awards 

(2 CFR part 1000): The Uniform 

Requirements codify financial, 

administrative, procurement, and 

program management standards that 

federal awarding agencies must follow. 

When evaluating Applications, 

awarding agencies must evaluate the 

risks posed by each Applicant, and each 

Applicant’s merits and eligibility. These 

requirements are designed to ensure that 

Applicants for federal assistance receive 

a fair and consistent review prior to an 

award decision. This review will assess 

items such as certification status, 

financial and compliance performance, 

business strategy and proposed 

community impacts, organizational 

capacity, history of performance, and 

single audit findings, among other 

criteria outlined in this NOFA. In 

addition, the Uniform Requirements 

include guidance on audit requirements 

and other award compliance 

requirements for Recipients. 

II. Federal Award Information 

A. Funding Availability: The CDFI 

Fund plans to award up to $1.73 billion 

in grants to CDFIs under this NOFA. 

The minimum Award size will be 

$500,000. The maximum Award size 

will be $15,000,000 or three times the 

Applicant’s average on-balance sheet 

Financial Products closed in its five 

most recent historic fiscal years,3

whichever is less. The average Award 

amount will depend on the number of 

CDFI ERP Awards made. For example, 

if there are 400 Awards, the estimated 

average Award would be approximately 

$4.3 million; if there are 550 Awards, 

the estimated average Award would be 

approximately $3.1 million. Final award 

sizes will be based on the number and 

quality of the Applications received, 

along with the evaluation factors 

outlined in Section V of this NOFA. 

The CDFI Fund reserves the right, in 

its sole discretion, to provide a CDFI 

ERP Award in an amount less than that 

which the Applicant requests. The 

Award amount will not exceed the 

Applicant’s Award request as stated in 

its Application, nor will the Award 

amount be less than the Applicant’s 

minimum Award request if one is 

provided in the Application. 

Additionally, the CDFI Fund reserves 

the right to not award the full amount 

of funding available if it determines an 

insufficient number of qualified 

Applications has been received to 

effectively award all available funding. 

The CDFI Fund reserves the right to 

fund, in whole or in part, some, all, or 

none of the Applications submitted in 

response to this NOFA. 

B. Anticipated Start Date and Period 

of Performance: The CDFI Fund 

anticipates the Period of Performance 

for the CDFI ERP to begin early calendar 

year (CY) 2023. The Period of 

Performance for each CDFI ERP Award 

begins with the date that the CDFI Fund 

announces the Recipients of the CDFI 

ERP Awards and includes a Recipient’s 

five full consecutive fiscal years after 

the date of the CDFI ERP Award 

Announcement, during which time the 

Recipient must meet the Performance 

Goals and Measures (PG&Ms) set forth 

in the Assistance Agreement. The 

Budget Period 4 for a CDFI ERP Award 


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consecutive fiscal years after the date of the Award 

announcement. 

5Regulated Institutions include Insured Credit 

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

is the same as the Period of 

Performance. 

C. Types of Awards: The CDFI Fund 

will provide CDFI ERP Awards in the 

form of grants to support the eligible 

activities as set forth in this NOFA and 

Application. 

D. Eligible Activities: 

1. Eligible Uses of Funds. CDFI ERP 

Award funds may be expended for two 

types of eligible activities: (1) financial 

products and services and (2) 

operational support. Financial products 

and services may serve commercial real 

estate, small businesses, 

microenterprise, community facilities, 

and affordable housing, and also 

includes consumer financial products, 

consumer financial services, 

commercial financial products, 

commercial financial services, 

intermediary lending to non-profits and 

CDFIs, and other lines of business as 

deemed appropriate by the CDFI Fund 

in the following six eligible financial 

products and services categories: (i) 

Financial Products; (ii) Financial 

Services; (iii) Development Services: (iv) 

Grants; (v) Loan Loss Reserves; and (vi) 

Capital Reserves. In addition, a portion 

of a CDFI ERP Award may also be used 

for the following seven eligible 

operational support categories: (vii) 

Compensation—Personal Services; (viii) 

Compensation—Fringe Benefits; (ix) 

Professional Service Costs; (x) Travel 

Costs; (xi) Training and Education 

Costs; (xii) Equipment; and (xiii) 

Supplies. There are limitations on the 

portion of a CDFI ERP Award that may 

be used for different eligible activities 

categories. For any award size, no more 

than 25% of the Award amount may be 

used for Financial Services and 

Development Services combined. 

Additionally, the Recipient may use up 

to the greater of $166,667 or 15% of the 

Award amount, up to a maximum of 

$400,000, for eligible activities in the 

above operational support categories 

(vii)–(xiii) combined. 

CDFI ERP Awards may only be used 

for Direct Costs associated with an 

eligible activity. Direct Costs are those 

incurred by the Recipient to carry out 

the eligible activities as described in 

section 2 CFR 200.413 of the Uniform 

Requirements. The eligible activity 

categories are not authorized for Indirect 

Costs or an associated Indirect Cost 

Rate. Any expenses that are prohibited 

by the Uniform Requirements are 

unallowable and are generally found in 

Subpart E-Cost Principles of the 

Uniform Requirements. 

The CDFI ERP budget is the amount 

of the Award and must be expended in 

the 13 eligible activity categories by the 

end of the Budget Period. The CDFI 

Fund will not approve an amendment to 

extend the Period of Performance to 

allow a Recipient additional time to 

expend the CDFI ERP Award. 

For purposes of this NOFA, the 13 

eligible activity categories are defined 

below: 

TABLE 2—CDFI ERP ELIGIBLE ACTIVITY CATEGORIES

Eligible activity Eligible activity definition Eligible CDFI institution types 

i. Financial Products ........................ Award funds expended as loans, Equity Investments and similar financing activities (as determined by the CDFI Fund) including the 

purchase of loans originated by Certified CDFIs and the provision 

of loan guarantees. In the case of CDFI Intermediaries, Financial 

Products may also include loans to CDFIs and/or Emerging CDFIs, 

and deposits in Insured Credit Union CDFIs, Emerging Insured 

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

All. 

ii. Financial Services ....................... Award funds expended for providing checking, savings accounts, 

check cashing, money orders, certified checks, automated teller 

machines, deposit taking, safe deposit box services, and other 

similar services.

Regulated Institutions 5 only. 

iii. Development Services ................ Award funds expended for activities undertaken by a CDFI, its Affiliate or contractor that (i) promote community development and (ii) 

prepare or assist current or potential borrowers or investees to use 

the CDFI’s Financial Products or Financial Services. For example, 

such activities include financial or credit counseling, homeownership counseling, business planning, and management assistance.

All. 

iv. Grants ......................................... Award funds expended in the form of Grants to mitigate the economic impact of the COVID–19 pandemic. Grants are funds transferred without a repayment requirement to a person, business, or 

other organization that are designated for the specific purpose of 

mitigating the economic impacts of the COVID–19 pandemic.

All. 

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

Fund deems appropriate.

All. 

vi. Capital Reserves ........................ Award funds set aside as reserves to support the Applicant’s ability 

to leverage other capital, for such purposes as increasing its net 

assets or providing financing, or for related purposes as the CDFI 

Fund deems appropriate.

Regulated Institutions 5 only. 

As described below, CDFI ERP Award funds may also be used for operational support in amounts of (1) up to 33% of the Award amount for 

Awards of $500,000 and (2) up to 15% of the Award Amount or $166,667, whichever is greater, for Awards above $500,000, up to a maximum amount of $400,000. 


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TABLE 2—CDFI ERP ELIGIBLE ACTIVITY CATEGORIES—Continued 

Eligible activity Eligible activity definition Eligible CDFI institution types 

vii. Compensation—Personal Services.Award funds paid to cover all remuneration, paid currently or accrued, for services of Applicant’s employees rendered during the 

Period of Performance under the CDFI ERP Award in accordance 

with section 200.430 of the Uniform Requirements.

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

CDFI ERP Award, may not be paid as Compensation using a CDFI 

ERP Award. For example, the salaries for building maintenance 

personnel would not carry out the purpose of a CDFI ERP Award 

and would be deemed unallowable.

All. 

viii. Compensation—Fringe Benefits Award funds paid to cover allowances and services provided by the 

Applicant to its employees as Compensation in addition to regular 

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

they are made under formally established and consistently applied 

organizational policies of the Applicant.

All. 

ix. Professional Service Costs ........ Award funds used to pay for professional and consultant services 

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

by persons who are members of a particular profession or possess 

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

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

with section 200.459 of the Uniform Requirements. Payment for a 

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

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

payment of Professional Service Costs.

All. 

x. Travel Costs ................................ Award funds used to pay costs of transportation, lodging, subsistence, and related items incurred by the Applicant’s personnel who 

are on travel status on business related to the CDFI ERP Award, in 

accordance with section 200.475 of the Uniform Requirements. 

Travel Costs do not include costs incurred by the Applicant’s consultants who are on travel status. Any payments for travel expenses incurred by the Applicant’s personnel but unrelated to carrying out the purpose of the CDFI ERP Award would be deemed 

unallowable. As such, documentation must be maintained that justifies the travel as necessary to the CDFI ERP Award.

All. 

xi. Training and Education Costs .... Award funds used to pay the cost of training and education provided 

by the Applicant for employees’ development in accordance with 

section 200.473 of the Uniform Requirements. Award funds can 

only be used to pay for training costs incurred by the Applicant’s 

employees. Training and Education Costs may not be incurred by 

the Applicant’s consultants.

All. 

xii. Equipment .................................. Award funds used to pay for tangible personal property, having a 

useful life of more than one year and a per-unit acquisition cost of 

at least $5,000, in accordance with section 200.439 of the Uniform 

Requirements. For example, items such as office furnishings and 

information technology systems are allowable as Equipment costs. 

The Applicant must comply, as applicable, with the Buy American 

Act of 1933, 41 U.S.C. 8301–8303 and section 2 CFR 200.216 of 

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

All. 

xiii. Supplies .................................... Award funds used to pay for tangible personal property with a per 

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

200.1 of the Uniform Requirements. For example, a desktop computer costing $1,000 is allowable as a Supply cost. The Applicant 

must comply, as applicable, with the Buy American Act of 1933, 41 

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

All. 

2. ERP-Eligible Geographies. In order 

to achieve the statutory objective of 

directing CDFI ERP activities to Low- or 

Moderate-Income communities and to 

borrowers, including minorities, that 

have significant unmet capital or 

financial services needs, and were 

disproportionately impacted by the 

COVID–19 pandemic, the CDFI Fund 

has identified ERP-Eligible Geographies, 

which are defined as geographies that 

meet one of the following two criteria: 

(a) are census tracts that (i) demonstrate 

‘‘severe impact’’ of the COVID–19 

pandemic, and (ii) have a median 

income at or below 120% of the Area 

Median Income, and (iii) are CDFI 

Investment Areas; or (b) are Native 

Areas. A census tract is considered to 

have experienced ‘‘severe impact’’ of the 

COVID–19 pandemic if it meets one or 

more of the following criteria: (a) 

demonstrates severe mortality, based on 

being in the highest tercile of the 

number of deaths per 100,000 people, 

according to reported cumulative 

mortality for the period from April 1, 


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6https://data.cdc.gov/NCHS/AH-ProvisionalCOVID-19-Death-Counts-by-Quarter-an/dnhi-s2bf; 

https://covid19datos.salud.gov.pr/#defunciones. 

7https://www.bls.gov/lau/data.htm. 

8https://www.anl.gov/dis/county-economicimpact-index; https://www.anl.gov/dis/territorialeconomic-impact-index. 

9https://www.census.gov/programs-surveys/ 

community-resilience-estimates.html. 10https://www.cdfifund.gov/sites/cdfi/files/ 

documents/cdfi-ppc-feb19-2020.xls. 11Eligible 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 LowIncome, African American, Hispanic, Native 

American, Native Hawaiians residing in Hawaii, 

Alaska Natives residing in Alaska, or Other Pacific 

Islanders residing in American Samoa, Guam or the 

Northern Mariana Islands. 

12 Depository Institution Holding Company or 

DIHC means a Bank Holding Company or a Savings 

and Loan Holding Company. 

2020 to March 31, 2021, based on data 

from the Centers for Disease Control and 

Prevention and the Government of 

Puerto Rico; 6 or (b) demonstrates severe 

change in unemployment, based on (i) 

for the 50 States, the District of 

Columbia, and Puerto Rico, being in the 

highest tercile of reported change in the 

average unemployment rate for the 

twelve-month period from April 2020 to 

March 2021, compared to the same 

twelve-month period for the previous 

year (April 2019 to March 2020), based 

on data from Bureau of Labor Statistics, 

Local Area Unemployment Statistics,7

and (ii) for American Samoa, Guam, 

Northern Mariana Islands, and the U.S. 

Virgin Islands, being in the highest 

tercile of reported change in average 

county employment for the twelvemonth period from April 2020 to March 

2021, compared to county employment 

in January 2020, based on data from 

Argonne National Laboratory, Decision 

and Infrastructure Sciences Division, 

County Economic Impact Index (CEII) 

and Territorial Economic Impact Index 

(TEII); 8 or (c) demonstrates low 

community resilience, based on being in 

the highest tercile of the percentage of 

individuals or families that have 3 or 

more resilience-related risk factors 

relative to the impact of disasters such 

as pandemics, based on data from the 

U.S. Census Bureau, Community 

Resilience Estimates (CRE) Program.9

Census tracts that were not included in 

the community resilience data from the 

CRE Program were deemed low 

community resilience if they were 

located within a Persistent Poverty 

County.10 Native Areas is defined as 

Alaska Native Village Statistical Areas, 

Federal American Indian Reservations, 

State American Indian Reservations, 

Hawaiian Home Lands, Joint Use Areas, 

Off-Reservation Trust Lands, Oklahoma 

Tribal Statistical Areas, State Designated 

Tribal Statistical Areas, and Tribal 

Designated Statistical Areas (TDSAs). 

The list of ERP-Eligible Geographies is 

available on the CDFI Fund’s website, 

and data on ERP-Eligible Geographies is 

available through the CDFI Fund’s 

Community Impact Mapping System 

(CIMS). All CDFI ERP eligible activities 

must serve ERP-Eligible Geographies, 

except 10% of an Award amount, which 

may be deployed outside of ERP-Eligible 

Geographies to serve Low- or ModerateIncome persons and businesses 

(including non-profit organizations) 

disproportionately impacted by the 

COVID–19 pandemic that are included 

in CDFI Eligible Markets.11

III. Eligibility Information 

A. Eligible Applicants: For purposes 

of this NOFA, Table 3 below sets forth 

the eligibility criteria to receive a CDFI 

ERP Award, including CDFI 

certification criteria and other 

requirements that apply to all CDFI ERP 

Applicants. 

TABLE 3—ELIGIBILITY REQUIREMENTS FOR ALL CDFI ERP APPLICANTS

Applicant .............................................................. • Applicant has been determined by the CDFI Fund to meet the CDFI certification requirements set forth in 12 CFR 1805.201 and as verified in the CDFI’s AMIS account as of the 

publication date of this NOFA in the Federal Register. 

• Applicant has at least 30% of its average annual Financial Products closed and Grants 

made (both in dollar volume and number of transactions) have been in ERP-Eligible Geographies over its five most recent historic fiscal years. 

• Applicant has audited financial statements encompassing its two most recent historic fiscal 

years prior to the publication date of this NOFA. 

• Only the entity that will carry out the proposed Award activities may apply for an Award 

(other than Depository Institution Holding Companies 12). Recipients may not create a new 

legal entity to carry out the proposed Award activities. 

• The information in the Application should only reflect the activities of the Applicant, including 

the presentation of financial and portfolio information. Do not include financial or portfolio information from parent companies, Affiliates, or Subsidiaries in the Application, unless it relates to the provision of Development Services. 

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

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

• As part of the Application review process, the CDFI Fund considers whether Applicants are 

Affiliates, as such term is defined in 12 CFR 1805.104. If an Applicant and its Affiliate(s) 

wish to submit an Application, they must do so through one of the Affiliated entities, in one 

Application; an Applicant and its Affiliates may not submit separate Applications. If Affiliates 

submit multiple or separate Applications, the CDFI Fund may, at its discretion, reject all 

such Applications received or select only one of the submitted Applications to be deemed 

eligible, assuming that Application meets all other eligibility criteria in Section III of this 

NOFA. 

Application type and submission overview 

through Grants.gov and Awards Management 

Information System (AMIS).

• Applicants must submit the Required Application Documents listed in Table 4. 

• The CDFI Fund will only accept Applications that use the official Application templates provided on the Grants.gov and AMIS websites. Applications submitted with alternative or altered templates will not be considered. 

• Applicants undergo a two-step process that requires the submission of Application documents by two separate deadlines in two different locations: (1) the SF–424 in Grants.gov 

and (2) all other Required Application Documents in AMIS. 

• Grants.gov and the SF–424: 

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

Æ All Applicants must register in the Grants.gov system to submit an Application successfully. The CDFI Fund strongly encourages Applicants to register as soon as possible. 


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TABLE 3—ELIGIBILITY REQUIREMENTS FOR ALL CDFI ERP APPLICANTS—Continued 

Æ The CDFI Fund will not extend the SF–424 Application deadline for any Applicant that 

started the Grants.gov registration process on, before, or after the date of the publication of this NOFA, but did not complete it by the deadline, except in the case of a federal government administrative or federal government technological error that directly 

resulted in a late submission of the SF–424. 

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

1 and 6. Applicants are strongly encouraged to submit their SF–424 as early as possible in the Grants.gov portal. 

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

Æ The SF–424 must be submitted under the CDFI ERP Funding Opportunity Number for 

the CDFI ERP Application. 

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

review any material submitted in AMIS and the Application will be deemed ineligible. 

• AMIS and all other Required Application Documents listed in Table 4: 

Æ AMIS is an enterprise-wide information technology system. Applicants will use AMIS to 

submit and store organization and Application information with the CDFI Fund. 

Æ Applicants are allowed only one CDFI ERP Application submission in AMIS. 

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

Æ Applicants must ensure that the Authorized Representative is an employee or officer of 

the Applicant, authorized to sign legal documents on behalf of the organization. Consultants or other contractors working on behalf of the organization may not be designated as Authorized Representatives. 

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

Æ All Required Application Documents must be submitted in AMIS on or before the deadline specified in Tables 1 and 6. The CDFI Fund will not extend the deadline for any 

Applicant, except in the case of a federal government administrative or technological 

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

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

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

• The EIN in the Applicant’s AMIS account must match the EIN in the Applicant’s System for 

Award Management (SAM) account. The CDFI Fund reserves the right to reject an Application if the EIN in the Applicant’s AMIS account does not match the EIN in its SAM account. 

• Applicants must enter their EIN into their AMIS profile by the deadline specified in Tables 1 

and 6. 

Unique Entity Identifier (UEI) .............................. • The transition from DUNS to UEI is a federal government-wide initiative. See Section IV of 

this NOFA for more information. 

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

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

• The CDFI Fund will reject an Application if the UEI number in the Applicant’s AMIS account 

does not match the UEI number in its Grants.gov and SAM accounts. 

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

specified in Tables 1 and 6. 

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

of the contract awards, grants, and electronic payment processes. 

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

• Applicants who have active SAM registration are already assigned a UEI. Applicants must 

also have an EIN number in order to register in SAM. 

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

AMIS Account ..................................................... • Each Applicant must register as an organization in AMIS and submit all required applicable 

Application Materials through the AMIS portal. 

• If the Applicant does not fully register its organization in AMIS by the deadline set forth in 

Table 1, its Application 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 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 ERP Award. 

Compliance with Nondiscrimination and Equal 

Opportunity Statutes, Regulations, and Executive Orders.

• An Applicant may not be eligible to receive a CDFI ERP Award if proceedings have been 

instituted against it in, by, or before any court, governmental agency, or administrative body, 

and a final determination made 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 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). 


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TABLE 3—ELIGIBILITY REQUIREMENTS FOR ALL CDFI ERP APPLICANTS—Continued 

Depository Institution Holding Company Applicant.• In the case where a CDFI Depository Institution Holding Company Applicant intends to carry 

out the activities of its Award through its Subsidiary CDFI Insured Depository Institution, the 

Application must be submitted by the CDFI Depository Institution Holding Company and reflect the activities and financial performance of the Subsidiary CDFI Insured Depository Institution. 

• If a Depository Institution Holding Company and its Certified CDFI Subsidiary Insured Depository Institution both apply for a CDFI ERP Award, only the Depository Institution Holding 

Company will receive an Award, not both. In such instances, the Subsidiary Insured Depository Institution will be deemed ineligible. 

• Authorized Representatives of both the Depository Institution Holding Company and the 

Subsidiary CDFI Insured Depository Institution must certify that the information included in 

the Application represents that of the Subsidiary CDFI Insured Depository Institution, and 

that the CDFI ERP Award will be used to support the Subsidiary CDFI Insured Depository 

Institution for the eligible activities outlined in the Application. 

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

least one of the Eligible Activity Categories listed in Section II.D. 

• With the exception of Depository Institution Holding Company Applicants, CDFI ERP 

Awards may not be used to support the activities of, or otherwise be passed through, transferred, or co-awarded to, third-party entities, whether Affiliates, Subsidiaries, or others, unless done pursuant to a merger or acquisition or similar transaction, and with the CDFI 

Fund’s prior written consent. 

• The Recipient of any Award made through this NOFA must comply, as applicable, with the 

Buy American Act of 1933, 41 U.S.C. 8301–8303, and section 2 CFR 200.216 of the Uniform Requirements, with respect to any Direct Costs. 

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

• The maximum award amount an Applicant may request is no more than three times its average on-balance sheet Financial Products closed in its five most recent historic fiscal years 

or $15 million, whichever is less. 

• The minimum Award amount an Applicant may request is $500,000. Organizations for 

which three times the average on-balance sheet Financial Products closed in in its five most 

recent historic fiscal years is less than $500,000 are eligible to request a $500,000 Award. 

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

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

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

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

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

sole determination of the CDFI Fund, of the noncompliance. 

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

CDFI Fund award recipient or allocatee under any CDFI Fund Program if, as of the date of 

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

default of a previously executed assistance agreement, award agreement, allocation agreement, bond loan agreement, or agreement to guarantee and (ii) the CDFI Fund has provided written notification that such entity is ineligible to apply for or receive any future CDFI 

Fund awards or allocations. Such entities will be ineligible to submit an Application for such 

time period as specified by the CDFI Fund in writing. 

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

Fund within five years of the Application deadline. 

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

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

to reduce the number of improper payments made through programs funded by the federal 

government. The Do Not Pay Business Center provides delinquency information to the 

CDFI Fund to assist with the debarment check. 

CDFI Certification Status ..................................... • The CDFI Fund will consider an Application submitted by an Applicant that has pending 

noncompliance issues with its Annual Certification Report if the CDFI Fund has not yet 

made a final compliance determination. 

• If a Certified CDFI loses its certification at any point prior to the Award announcement, the 

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

• In cases where the CDFI Fund has provided a Certified CDFI with written notification that it 

no longer meets one or more certification standards and it has been given an opportunity to 

cure, the CDFI Fund will continue to consider this Applicant to be a Certified CDFI until it 

has received a final determination letter that its certification has been terminated. 

Regulated Institution ........................................... • To be eligible for an Award, each Regulated Institution Applicant must have a CAMELS/ 

CAMEL rating (rating for banks and credit unions, respectively) or equivalent type of rating 

by its regulator (collectively referred to as ‘‘CAMELS/CAMEL rating’’) of at least ‘‘4’’. 

• CDFI ERP Applicants with CAMELS/CAMEL ratings of ‘‘5’’ will not be eligible for a CDFI 

ERP Award. 

• The CDFI Fund will not approve a CDFI ERP Award for an Applicant that has a Community 

Reinvestment Act (CRA) assessment rating of below ‘‘Satisfactory’’ on its most recent examination. 


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TABLE 3—ELIGIBILITY REQUIREMENTS FOR ALL CDFI ERP APPLICANTS—Continued 

• Applicants and/or their Appropriate Federal Banking Agency may be contacted by the CDFI 

Fund to provide additional information related to federal bank regulatory or CRA information. 

The CDFI Fund will consider this information and may choose not to approve a CDFI ERP 

Award for an Applicant if the information indicates that the Applicant may be unable to responsibly manage, re-invest, and/or report on a CDFI ERP Award during the Period of Performance. 

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

Banking Agency in determining the eligibility of Regulated Institution Applicants. 

Unregulated Institutions ...................................... • Application Assessment Tool (AAT) Total Financial Composite Score must be between 1 

and 4. Applicants with an AAT Total Financial Composite Score of ‘‘5’’ will not be eligible for 

a CDFI ERP Award. 

• AAT Total Compliance Composite Score of 1, 2, or 3 are eligible for a CDFI ERP Award. 

Applicants that receive a 4 or 5 will receive a confirmatory review by CDFI Fund staff. Applicants deemed a high compliance risk at this point will not be eligible for a CDFI ERP 

Award. 

Any Applicant that does not meet the 

criteria in Table 3 is ineligible to apply 

for a CDFI ERP Award under this 

NOFA. 

IV. Application and Submission 

Information 

A. Address to Request an Application 

Package: Application Materials can be 

found on Grants.gov and on the CDFI 

Fund’s website at www.cdfifund.gov. 

Applicants may request a paper version 

of any Application material by 

contacting the CDFI Fund at erp@

cdfi.treas.gov. Paper versions of 

Application Materials will only be 

provided if an Applicant cannot access 

the CDFI Fund’s website. 

B. Content and Form of Application 

Submission: All Applications must be 

prepared using the English language, 

and calculations must be computed in 

U.S. dollars. The following table (Table 

4) lists the Required Application 

Documents for this CDFI ERP funding 

round. In addition, the CDFI Fund will 

post to its website, at www.cdfifund.gov/ 

erp, instructions for accessing and 

submitting an Application. Detailed 

Application content requirements are 

found in the Application and related 

guidance documents. The CDFI Fund 

reserves the right to request and review 

other pertinent or public information 

that has not been specifically requested 

in this NOFA or the Application. 

Information submitted by the Applicant 

that the CDFI Fund has not specifically 

requested will not be reviewed or 

considered as part of the Application. 

Financial data, portfolio, and activity 

information provided in the Application 

should only include the Applicant’s 

activities. Information submitted must 

accurately reflect the Applicant’s 

activities. 

TABLE 4—REQUIRED APPLICATION DOCUMENTS

Application documents Applicant type Submission format 

OMB Standard Form-424 Mandatory (Application for Federal Assistance) (SF– 

424).

All Applicants ......................................... Fillable PDF in 

Grants.gov. 

CDFI ERP Application ............................................................................................. All Applicants ......................................... AMIS. 

ATTACHMENTS TO THE APPLICATION: 

Audited financial statements for the Applicant’s two most recent historic fiscal 

years prior to the publication date of this NOFA..

Loan funds, venture capital funds, and 

other Non-Regulated Institutions.

PDF in AMIS. 

Management Letter for the Applicant’s Most Recent Historic Fiscal Year .............

The Management Letter is prepared by the Applicant’s auditor and is a communication on internal control over financial reporting, compliance, and other matters. The Management Letter contains the auditor’s findings regarding the Applicant’s accounting policies and procedures, internal controls, and operating 

policies, including any material weaknesses, significant deficiencies, and other 

matters identified during an audit. The Management Letter may include suggestions for improving identified weaknesses and deficiencies and/or best 

practice suggestions for items that may not be considered to be weaknesses 

or deficiencies. The Management Letter may also include items that are not 

required to be disclosed in the annual audited financial statements. The Management Letter is distinct from the auditor’s Opinion Letter, which is required 

by Generally Accepted Accounting Principles (GAAP). Management Letters 

are not required by GAAP, and are sometimes provided by the auditor as a 

separate letter from the audit itself. 

Loan funds, venture capital funds, and 

other Non-Regulated Institutions.

PDF in AMIS. 

Statement in Lieu of Management Letter for Applicant’s Most Recent Historic 

Fiscal Year issued by the Board Treasurer or other Board member using the 

template provided in AMIS (required only if Management Letters are not available for audited financial statements).

All Applicants for which audited financial statements are available but a 

Management Letter is not available: 

loan funds, venture capital funds, 

and other Non-Regulated Institutions.

AMIS. 

Unaudited financial statements for Applicant’s current fiscal year as of March 31, 

2022.

Loan funds, venture capital funds, and 

other Non-Regulated Institutions.

AMIS. 

Year-end Call reports for Applicant’s three most recent historic fiscal years prior 

to the publication date of this NOFA.

Regulated Institutions ............................ AMIS. 


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TABLE 4—REQUIRED APPLICATION DOCUMENTS—Continued 

Application documents Applicant type Submission format 

A current organizational chart outlining the Applicant’s structure and staffing, as 

well as an updated, prospective organizational chart, if the Applicant plans to 

add staff resources to accomplish the activities under a CDFI ERP Award.

All Applicants ......................................... AMIS. 

C. Application Submission: The CDFI 

Fund has a two-step process that 

requires the submission of Required 

Application Documents (listed in Table 

4) on separate deadlines and on separate 

systems. The SF–424 must be submitted 

through Grants.gov and all other 

Required Application Documents 

through the AMIS portal. The CDFI 

Fund will not accept Applications via 

email, mail, facsimile, or other forms of 

communication, except in extremely 

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

The deadline for submitting the SF–424 

and all other Application components is 

listed in Tables 1 and 6. 

All Applicants must register in the 

Grants.gov system to successfully 

submit the SF–424. The CDFI Fund 

strongly encourages Applicants to start 

the Grants.gov registration process as 

soon as possible (refer to the following 

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

register.html). The Grants.gov 

registration process requires Applicants 

to have UEI and EIN numbers. If an 

Applicant has not previously registered 

with Grants.gov, it must first 

successfully register in SAM.gov, as 

described in Section IV.E below. 

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. An 

Authorized Representative is an 

employee or officer and is authorized to 

sign legal documents on behalf of the 

Applicant. Applicants must ensure that 

only a qualified Authorized 

Representative signs the Application; 

Consultants or other contractors 

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. 

D. Unique Entity Identifier (UEI): The 

UEI has replaced the Dun and Bradstreet 

Data Universal Numbering System 

(DUNS) number effective April 4, 2022. 

The UEI, generated in the System for 

Award Management (SAM.gov), has 

become the official identifier for doing 

business with the 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 

SF–424 through that platform. When 

accessing SAM.gov, users will be asked 

to create a login.gov user account (if 

they do not already have one). Going 

forward, users will use their login.gov 

username and password every time 

when logging into SAM.gov. The SAM 

registration process can take four weeks 

or longer to complete, so Applicants are 

strongly encouraged to begin the 

registration process upon publication of 

this NOFA in order to avoid potential 

Application submission issues. An 

original, signed notarized letter 

identifying the authorized entity 

administrator for the entity associated 

with the UEI is required by SAM and 

must be mailed to the Federal Service 

Desk. This requirement is applicable to 

new entities registering in SAM, as well 

as existing entities with registrations 

being updated or renewed in SAM. 

Existing entities with registered entity 

administrators do not need to submit an 

annual notarized letter. Applicants that 

have previously completed the SAM 

registration process must verify that 

their SAM accounts are current and 

active. 

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 

number. Applicants must contact SAM 

directly with questions related to 

registration or SAM account changes, as 

the CDFI Fund does not maintain this 

system and has no ability to make 

changes or correct errors of any kind. 

For more information about SAM, visit 

https://www.sam.gov. 

TABLE 5—Grants.gov REGISTRATION TIMELINE SUMMARY

Step Agency 

Estimated 

minimum time 

to complete 

Register in SAM.gov ................................. System for Award Management (SAM.gov). This step will include obtaining a UEI. Four (4) 

Weeks.* 

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 and/or fails to properly register in 

Grants.gov. 

** This estimate assumes an Applicant is already registered in SAM.gov. 


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F. Submission Dates and Times: 

1. Submission Deadlines: The 

following table provides the critical 

deadlines for the CDFI ERP Funding 

Round. 

TABLE 6—CRITICAL DEADLINES FOR CDFI ERP APPLICANTS

Description Deadline Time 

(eastern time—ET) Submission method 

Last day to submit SF–424 Mandatory (Application for Federal Assistance).July 26, 2022 ........ 11:59 p.m. ET ....... Electronically via Grants.gov. 

Last day to enter EIN and UEI numbers in AMIS July 26, 2022 ........ 11:59 p.m. ET ....... AMIS. 

Last day to contact CDFI Fund with questions 

about the CDFI ERP.

August 19, 2022 ... 5:00 p.m. ET ......... Service Request via AMIS or 

erp@cdfi.treas.gov or 202–653–0421. 

Last day to contact CDFI Fund with questions 

about Compliance or CDFI Certification.

August 19, 2022 ... 5:00 p.m. ET ......... Compliance and Reporting AMIS Service Request or 202–653–0423. 

Last day to contact AMIS–IT Help Desk (regarding AMIS technical problems only).August 23, 2022 ... 5:00 p.m. ET ......... Service Request via AMIS or AMIS@

cdfi.treas.gov or 202–653–0422. 

Last day to submit CDFI ERP Application ............ August 23, 2022 ... 11:59 p.m. ET ....... AMIS. 

2. Confirmation of Application 

Submission in Grants.gov and AMIS: 

Applicants are required to submit the 

SF–424, Application for Federal 

Assistance through the Grants.gov 

system, under the CDFI ERP Funding 

Opportunity Number by the applicable 

deadline. All other Required 

Application Documents (listed in Table 

4) must be submitted through the AMIS 

website by the applicable deadline. 

Applicants must submit the SF–424 in 

Grants.gov prior to submitting the 

Application in AMIS. If a valid SF–424 

is not submitted through Grants.gov by 

the corresponding deadline, the 

Applicant will not be able to submit the 

additional Application components in 

AMIS, and the Application will be 

deemed ineligible. 

(a) Grants.gov Submission 

Information: Each Applicant will 

receive an email from Grants.gov 

immediately after submitting the SF– 

424 confirming that the submission has 

entered the Grants.gov system. This 

email will contain a tracking number for 

the submitted SF–424. Within 48 hours, 

the Applicant will receive a second 

email, which will indicate if the 

submitted SF–424 was either 

successfully validated or rejected with 

errors. However, Applicants should not 

rely on the email notification from 

Grants.gov to confirm that their SF–424 

was validated. Applicants are strongly 

encouraged to use the tracking number 

provided in the first email to closely 

monitor the status of their SF–424 by 

contacting the helpdesk at Grants.gov 

directly. The Application material 

submitted in AMIS is not officially 

accepted by the CDFI Fund until 

Grants.gov has validated the SF–424. 

(b) AMIS Submission Information: 

AMIS is a web-based portal where 

Applicants will directly enter their 

Application information and add the 

required attachments listed in Table 4. 

AMIS will verify that the Applicant 

provided the minimum information 

required to submit an Application. 

Applicants are responsible for the 

quality and accuracy of the information 

and attachments included in the 

Application submitted in AMIS. The 

CDFI Fund strongly encourages 

Applicants to allow sufficient time to 

review and complete the Application 

components and documents included in 

Table 4, and remedy any issues prior to 

the Application deadline. Each 

Application must be signed by an 

Authorized Representative in AMIS 

before it can be submitted. Applicants 

must ensure that the Authorized 

Representative is an employee or officer 

and is authorized to sign legal 

documents on behalf of the Applicant. 

Consultants working on behalf of the 

Applicant may not be designated as 

Authorized Representatives. Only an 

Authorized Representative or an 

Application Point of Contact may 

submit an Application. Applicants may 

only submit one CDFI ERP Application. 

Upon submission, the Application will 

be locked and cannot be resubmitted, 

edited, or modified in any way. 

3. Multiple Application Submissions: 

Applicants are only permitted to submit 

one complete Application. However, the 

CDFI Fund does not administer 

Grants.gov, which does allow for 

multiple submissions of the SF–424. If 

an Applicant submits multiple SF–424 

Applications in Grants.gov, the CDFI 

Fund will only review the SF–424 

Application submitted in Grants.gov 

that is attached to the AMIS 

Application. Applicants can only 

submit one Application through AMIS. 

4. Late Submission: The CDFI Fund 

will not accept an Application if the 

SF–424 is not submitted and accepted 

by Grants.gov by the SF–424 deadline. 

Additionally, the CDFI Fund will not 

accept an Application if it is not signed 

by an Authorized Representative and 

submitted in AMIS by the Application 

deadline. In either case, the CDFI Fund 

will not review any material submitted, 

and the Application will be deemed 

ineligible. 

An exception will be made if an SF– 

424 or Application submission delay is 

as a direct result of a federal government 

administrative error or a federal 

government technological error. This 

exception includes any errors associated 

with Grants.gov, SAM.gov, AMIS or any 

other applicable government system. 

(a) SF–424 Late Submission: In cases 

where a federal government 

administrative or federal government 

technological error directly resulted in 

the late submission of the SF–424, the 

Applicant must submit a written request 

for acceptance of the late SF–424 

submission and include documentation 

of the error no later than two business 

days after the SF–424 deadline. The 

CDFI Fund will not respond to requests 

for acceptance of late SF–424 

submissions after that time period. 

Applicants must submit late SF–424 

submission requests to the CDFI Fund 

via an AMIS Service Request to the 

CDFI ERP with a subject line of ‘‘Late 

SF–424 Submission Request.’’ 

(b) AMIS Application Late 

Submission: In cases where a federal 

government administrative or federal 

government technological error directly 

resulted in a late submission of the 

Application in AMIS, the Applicant 

must submit a written request for 

acceptance of the late Application 

submission and include documentation 

of the error no later than two business 

days after the Application deadline. The 

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 


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to the CDFI ERP with a subject line of 

‘‘Late AMIS Application Submission 

Request.’’ 

G. Funding Restrictions: CDFI ERP 

Awards are limited by the following: 

(a) A Recipient shall use the CDFI 

ERP Award only for the eligible 

activities in the ERP-Eligible 

Geographies as described in Section II of 

this NOFA and its Assistance 

Agreement. Financial Products and 

expended Award funds used to satisfy 

the CDFI ERP PG&Ms for reporting may 

not also be used to satisfy PG&Ms for 

CDFI Program and NACA Program 

awards, the Small Dollar Loan Program 

or the CDFI Rapid Response Program. 

(b) With the exception of Depository 

Institution Holding Company 

Applicants, CDFI ERP Awards may not 

be used to support the activities of, or 

otherwise be passed through, 

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

Subsidiaries, or others, unless done 

pursuant to a merger or acquisition or 

similar transaction, and with the CDFI 

Fund’s prior written consent. 

(c) CDFI ERP Award payments shall 

only be made to the Recipient. 

(d) The CDFI Fund, in its sole 

discretion, may issue CDFI ERP Awards 

in amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

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 this NOFA, 

the related Application guidance 

materials, and the Uniform 

Requirements. The CDFI Fund reserves 

the right to contact the Applicant by 

telephone, email, or mail for the 

purpose of clarifying or confirming 

Application information. If contacted, 

the Applicant must respond within the 

time period communicated by the CDFI 

Fund or the Application may be 

rejected. The CDFI Fund will review the 

CDFI ERP Applications in accordance 

with the process below. All reviewers 

will be subject to the CDFI Fund’s 

conflict of interest review and process. 

The CDFI Fund’s Application conflict of 

interest policy is located on the CDFI 

Fund’s website. 

1. CDFI ERP Application Award 

Determination Process: The CDFI Fund 

will evaluate each Application using a 

four-step review process described in 

the sections below. Applicants that meet 

the minimum criteria will advance to 

the next step in the review process. 

(a) Step 1. Eligibility Review: The 

CDFI Fund will evaluate each 

Application to determine its eligibility 

status pursuant to Section III of this 

NOFA. 

(b) Step 2. Financial Analysis and 

Compliance Risk Evaluation: 

(i) Step 2(a). Financial Analysis: For 

Regulated Institutions, the CDFI Fund 

will consider financial safety and 

soundness information from the 

Appropriate Federal or State Banking 

Agency. As detailed in Table 3, each 

Regulated Institution CDFI ERP 

Applicant must have a CAMELS/ 

CAMEL rating of at least ‘‘4’’, a CRA 

Rating of at least ‘‘Satisfactory’’ (if 

applicable), and/or no significant 

materials concerns from its regulator. 

For Non-Regulated Applicants, the 

CDFI Fund will evaluate the financial 

health and viability of each NonRegulated Applicant using financial 

information provided by the Applicant. 

For the Financial Analysis step, 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), three (3), or 

four (4) to advance to Step 3. Applicants 

that receive a Total Financial Composite 

Score of five (5) will not advance to Step 

3. 

(ii) Step 2(b). Compliance Risk 

Evaluation: For the compliance analysis, 

the CDFI Fund will evaluate the 

compliance risk of each Applicant using 

information provided in the 

Application, as well as an Applicant’s 

reporting history, reporting capacity, 

and performance risk with respect to the 

Applicant’s PG&Ms on all previous 

CDFI Fund awards. Each Applicant will 

receive a Total Compliance Composite 

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

with one (1) being the highest rating. 

Applicants that receive a Total 

Compliance Composite Score of one (1), 

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

Step 3. If an Applicant receives an 

initial Total Compliance Composite 

Score of four (4) or five (5), the score 

will be confirmed by CDFI Fund staff. 

If the Applicant is confirmed as a high 

compliance risk (score of a 4 or 5) the 

Applicant will not advance to Step 3. 

(c) Step 3: Application Evaluation and 

Initial Funding Recommendation: 

Applicants that proceed to Step 3 will 

be evaluated based on their submitted 

Application. The Step 3 evaluation will 

be conducted by one external nonfederal reviewer and one internal CDFI 

Fund or other federal government 

reviewer. The external non-federal 

reviewers will be selected based on 

criteria that include: a professional 

background in affordable housing 

finance or in community and economic 

development finance. These reviewers 

must complete the CDFI Fund’s conflict 

of interest process and be approved by 

the CDFI Fund. 

(i) External Reviewer: The external 

reviewer’s evaluation of the Application 

has two components. First, the external 

reviewer will evaluate and score the 

Application based on the criteria 

outlined in Table 7. Each Application 

will receive a Step 3 score of up to 100 

points based on this evaluation. Second, 

the external reviewer will also provide 

an Award recommendation as to 

whether the Application should be 

forwarded to Step 4 for an Award 

determination. This recommendation is 

independent from the Step 3 evaluation 

score and is based on whether an 

Application achieves minimal standards 

for clarity and consistency of business 

strategy; clear and eligible use of 

funding; and organizational capacity to 

deploy at least a minimum Award 

amount during the Period of 

Performance. 

TABLE 7—STEP 3: EXTERNAL REVIEWER EVALUATION CRITERIA

Application Section Points Criteria 

Applicant Information ................................ 0 • This section is not scored. 

Business Strategy ..................................... 40 • Application demonstrates a strong understanding of the economic impact of the 

COVID–19 pandemic on the geographies and populations the Applicant proposes 

to serve. 

• The planned use of a CDFI ERP Award is clearly described in the Application 

and the Applicant’s business strategy directs Financial Products, Financial Services, Development Services and/or Grants to Low-to-Moderate Income populations that have been disproportionately impacted by the COVID–19 pandemic. 


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TABLE 7—STEP 3: EXTERNAL REVIEWER EVALUATION CRITERIA—Continued 

Application Section Points Criteria 

• Applicant describes a clear link between the identified economic impacts of the 

COVID–19 pandemic on the geographies and populations it proposes to serve 

and the achievement of the identified outcomes. 

• Application demonstrates that the Applicant has engaged with and obtained input 

on its business strategy from geographies and populations that it proposes to 

serve with a CDFI ERP Award and that the Applicant proposes culturally and linguistically relevant marketing and/or outreach efforts that will support the deployment of CDFI ERP Award consistent with its business strategy. 

• A CDFI ERP Award amount requested for operational support to help build organizational capacity is clearly presented in the Application and aligns with the Applicant’s business strategy. 

Community Impact—Track Record ........... 15 • Applicant’s track record demonstrates that it has a history of reaching underserved communities, as measured by the level of activities for various CDFI ERP 

policy priorities identified in the Application. 

Community Impact—Policy Priorities, Projected Performance, and Outcomes.30 • Applicant commits to devote a portion of the Award requested (up to 100%) towards its selected CDFI ERP policy priority as indicated in the Application, or 

commits to increase its lending to ERP-Eligible Geographies by a multiplier of its 

Award amount. 

• Applicant’s projected level of proposed activities is well-supported in the Application. 

• Applicant provides a feasible plan for data collection, activity tracking, and reporting in the Application. 

Organizational Capacity ............................ 15 • Applicant’s current staff and proposed staffing plan support its ability to execute 

the business strategy proposed in its Application. 

• Applicant’s track record shows a strong ability to use available resources to assist communities and provide Financial Products, Financial Services, Development Services and/or Grants in ERP-Eligible Geographies proposed in its business strategy. 

(ii) Federal Reviewer: The federal 

reviewer has three tasks. First, the 

federal reviewer will conduct quality 

control for the external reviewer’s 

evaluation and scoring of the 

Application to ensure the external 

reviewer followed the review evaluation 

criteria outlined in Table 7. Second, the 

federal reviewer will also provide a 

recommendation as to whether an 

Application should be forwarded to 

Step 4 for an Award determination. This 

recommendation is independent from 

the Step 3 evaluation and is based on 

whether the Application achieves 

minimal standards for clarity and 

consistency in its business strategy, 

clear and eligible use of funding, and 

adequate organizational capacity to 

deploy at least a minimum Award 

amount during the Period of 

Performance. Finally, the federal 

reviewer will recommend an initial 

Award amount. The initial Award 

amount recommendation will generally 

be based on the numeric score assigned 

by the external reviewer. However, the 

federal reviewer may elect to make an 

initial Award amount recommendation 

below the amount indicated by the Step 

3 score if a determination is made that 

the Step 3 score did not fully capture 

important due diligence concerns 

related to the Applicant’s financial 

health or its ability to deploy the Award 

effectively. For example, the federal 

reviewer may reduce the initial Award 

amount recommendation for those 

Applicants that have a CAMEL/ 

CAMELS, or equivalent, rating of four 

(4) or Total Financial Composite Score 

of four (4) during the Step 3 evaluation. 

(d) Advancing to Step 4: Applications 

that are recommended to advance to 

Step 4 by both the external and federal 

reviewers will advance to Step 4. If 

either the external or the federal 

reviewer recommends that an Applicant 

should not advance to Step 4 and 

therefore not receive an Award, the 

Application will be forwarded to a 

reviewing official for a final 

determination. The reviewing official 

may agree with the recommendation to 

not fund the Application, or overturn 

the recommendation and forward the 

Application to Step 4 for a final award 

amount determination. 

(e) Step 4. Final Award Amount 

Determination: Each Application that 

advances to Step 4 will be reviewed by 

a selecting official for quality control to 

ensure that the evaluation conducted in 

Step 3 was in accordance with the 

evaluation criteria. The selecting official 

will determine a preliminary Award 

amount for each Application by 

approving the Award amount 

recommended in Step 3. In cases where 

the Step 3 initial Award amount 

recommendation differs from the 

amount indicated by the Step 3 score, 

the selecting official may accept the 

Step 3 initial Award amount 

recommendation, reject it in favor of the 

amount indicated in the Step 3 score, or 

select another Award amount that is 

within 20% of the Step 3 initial Award 

amount recommendation. The selecting 

official may only adjust the Award 

amount from the Step 3 

recommendation if there are concerns 

about the Applicant’s ability to deploy 

the full, recommended Award amount 

within the Period of Performance. All 

approved Applicants will be awarded at 

least the minimum Award amount 

noted in Section II.A, and no Applicant 

will receive an Award amount greater 

than the maximum Award amount 

outlined therein. Once a preliminary 

final Award determination has been 

made for every Application in the 

Award pool, the CDFI ERP Program 

Manager (or designee) will compare the 

total amount awarded in the 

preliminary final Award pool to the 

amount of available funding. If the total 

amount awarded in the preliminary 

Award pool exceeds the amount 

available for Awards under this NOFA, 

the CDFI Fund will provide a 

proportional reduction to reduce all 

preliminary Award amounts such that 

only the amount available is awarded. 

This proportional reduction will not 

apply to those Applicants that received 

a preliminary $500,000 minimum 

Award amount during Step 4 and will 

not result in reducing an Applicant’s 


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Award to an amount below the $500,000 

minimum. 

2. Regulated Institutions: The CDFI 

Fund will consider safety and 

soundness information from the 

Appropriate Federal or State Banking 

Agency. If the Applicant is a CDFI 

Depository Institution Holding 

Company, the CDFI Fund will consider 

information provided by the 

Appropriate Federal or State Banking 

Agencies about both the CDFI 

Depository Institution Holding 

Company and the Certified CDFI 

Subsidiary Insured Depository 

Institution that will expend and carry 

out the Award. If the Appropriate 

Federal or State Banking Agency 

identifies safety and soundness 

concerns, the CDFI Fund will assess 

whether such concerns cause or will 

cause the Applicant to be incapable of 

undertaking the activities for which 

funding has been requested. 

3. Non-Regulated Institutions: The 

CDFI Fund must ensure, to the 

maximum extent practicable, that 

Recipients which are Non-Regulated 

CDFIs are financially and managerially 

sound, and maintain appropriate 

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

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

CDFI Fund must determine that an 

Applicant’s capacity to operate as a 

CDFI and its continued viability will not 

be dependent upon assistance from the 

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

it is determined that the Applicant is 

incapable of meeting these 

requirements, the CDFI Fund reserves 

the right to deem the Applicant 

ineligible or terminate the Award. 

B. Anticipated Award Announcement: 

The CDFI Fund anticipates making CDFI 

ERP Award announcements in the first 

quarter of CY 2023; however, the 

anticipated Award Announcement Date 

is subject to change without notice. 

C. Application Rejection: The CDFI 

Fund reserves the right to reject an 

Application if information (including 

administrative errors) comes to the CDFI 

Fund’s attention that adversely affects 

an Applicant’s eligibility for an award; 

adversely affects the Recipient’s 

certification as a CDFI (to the extent that 

the award is conditional upon CDFI 

certification); adversely affects the CDFI 

Fund’s evaluation or scoring of an 

Application; or indicates fraud or 

mismanagement on the Applicant’s part. 

If the CDFI Fund determines any 

portion of the Application is incorrect 

in a material respect, the CDFI Fund 

reserves the right, in its sole discretion, 

to reject the Application. The CDFI 

Fund reserves the right to change its 

eligibility and evaluation criteria and 

procedures, if the CDFI Fund deems it 

appropriate. If the changes materially 

affect the CDFI Fund’s Award decisions, 

the CDFI Fund will provide information 

about the changes through its website. 

The CDFI Fund’s Award decisions are 

final, and there is no right to appeal 

decisions. 

VI. Federal Award Administration 

Information 

A. Award Notification: Each 

successful Applicant will receive an 

email ‘‘notice of award’’ notification 

from the CDFI Fund stating that its 

Application has been approved for a 

CDFI ERP 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 payment. The Assistance 

Agreement will set forth the Award’s 

terms and conditions, including but not 

limited to the: (i) Award Amount; (ii) 

Award type; (iii) the approved uses of 

Award; (v) PG&Ms; and (vi) reporting 

requirements. CDFI ERP Assistance 

Agreements will have a five-year Period 

of Performance. As a condition of their 

Award, CDFI ERP Recipients must meet 

certain PG&Ms, including, but not 

limited to: (i) All CDFI ERP Recipients 

must expend 60% of the Recipient’s 

Award amount by the end of year three 

of the Period of Performance, 80% of the 

Award amount by the end of year four, 

and 100% of the Award amount by the 

Period of Performance end date; (ii) 

Recipients must deploy 90% of funds 

for program activities in the ERPEligible Geographies; and (iii) any 

Award funds deployed outside of ERPEligible Geographies must serve Low- or 

Moderate-Income persons or businesses 

disproportionately impacted by the 

COVID–19 pandemic that are included 

in CDFI Eligible Markets. Additional 

PG&Ms for each Recipient will be 

determined based on its proposed 

commitments relative to the CDFI ERP 

policy priorities in its Application. 

Final PG&Ms may differ and will be set 

forth in the CDFI ERP Assistance 

Agreement. 

1. Certificate of Good Standing: All 

CDFI ERP 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’s website for the Recipient’s 

jurisdiction of formation and must 

generally be dated within 180 days prior 

to the date the Recipient executes the 

Assistance Agreement. 

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 

payment of an initial CDFI ERP Award 

amount may be made. The first payment 

is the estimated amount of the Award 

that the Recipient states in its 

Application that it will use for eligible 

CDFI ERP activities in the first 12 

months after the Award announcement. 

The CDFI Fund reserves the right to 

increase or decrease the first payment 

amount to ensure that any subsequent 

payment is at least $75,000. 

The CDFI Fund will minimize the 

time between the Recipient incurring 

costs for eligible activities and making 

Award payment(s) in accordance with 

the Uniform Requirements. Advanced 

payments for eligible activities will 

occur no more than one year in advance 

of the Recipient incurring costs for the 

eligible activities. Following the initial 

closing, there may be subsequent 

closings involving additional Award 

payments. There will be a maximum of 

four subsequent Award payments. Any 

documentation in addition to the 

Assistance Agreement that is connected 

with such subsequent closings and 

payments shall be properly executed 

and timely delivered by the Recipient to 

the CDFI Fund. 

3. Requirements Prior to Entering into 

an Assistance Agreement: If, prior to 

entering into an Assistance Agreement, 

information (including administrative 

errors) comes to the CDFI Fund’s 

attention that adversely affects the 

Recipient’s eligibility for an Award; 

adversely affects the Recipient’s 

certification as a CDFI; adversely affects 

the CDFI Fund’s evaluation of the 

Application; indicates that the Recipient 

is not in compliance with any 

requirement listed in the Uniform 

Requirements; indicates that the 

Recipient is not in compliance with a 

term or condition of a prior CDFI Fund 

award; indicates the Recipient has failed 

to execute and return a prior round 

Assistance Agreement to the CDFI Fund 

within the CDFI Fund’s deadlines; or 

indicates fraud or mismanagement on 

the Recipient’s part, the CDFI Fund 

may, in its discretion and without 

advance notice to the Recipient, 

terminate the Award or take such other 

actions as it deems appropriate. The 

CDFI Fund reserves the right, in its sole 

discretion, to rescind the 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 


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requested documentation, within the 

CDFI Fund’s deadlines. The CDFI Fund 

reserves the right to rescind the Award 

if Recipient does not maintain an active 

SAM.gov account or does not reactivate, or renew, as applicable, the 

account within the deadlines that the 

CDFI Fund communicates to affected 

Applicants during the Application 

evaluation period. 

In addition, the CDFI Fund reserves 

the right, in its sole discretion, to 

terminate and rescind the Assistance 

Agreement and the Award made under 

this NOFA pending the criteria 

described in the following table: 

TABLE 8—REQUIREMENTS PRIOR TO EXECUTING AN ASSISTANCE AGREEMENT

Requirement Criteria 

Failure to meet reporting requirements.• If a Recipient received a prior award under any CDFI Fund program and is not in compliance with the 

reporting requirements of the previously executed assistance, award, allocation, bond loan agreement(s), 

or agreement to guarantee, as of the date of the notice of award, the CDFI Fund may delay entering into 

an Assistance Agreement and/or disbursing an award until such reporting requirements are met. If the 

Recipient is unable to meet the requirement(s) within the timeframe specified by the CDFI Fund, the 

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

NOFA. 

• The automated systems the CDFI Fund uses only acknowledge a report’s receipt and are not a determination of meeting reporting requirements. 

Failure to maintain CDFI Certification.• A Recipient must be a Certified CDFI as is defined in the CDFI ERP Application and this NOFA, prior to 

entering into an Assistance Agreement. 

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

Certified CDFI has submitted reports (or failed to submit an annual certification report as instructed by 

the CDFI Fund) to the CDFI Fund that demonstrate noncompliance with the requirements for certification, but the CDFI Fund has yet to make a final determination regarding whether or not the entity is 

Certified, the CDFI Fund reserves the right, in its sole discretion, to delay entering into an Assistance 

Agreement and/or to delay making a payment of CDFI ERP Award, pending full resolution, in the sole 

determination of the CDFI Fund, of the noncompliance. 

• If the Applicant is unable to meet this requirement, in the sole determination of the CDFI Fund, the CDFI 

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

ERP Award made under this NOFA. 

Pending resolution of noncompliance.• The CDFI Fund will delay entering into an Assistance Agreement with a Recipient that has pending noncompliance issues with any of its previously executed CDFI award agreement(s), assistance agreement(s), allocation agreement(s), bond loan agreement(s), or agreement(s) to guarantee if the CDFI 

Fund has not yet made a final compliance determination. 

• If the Recipient is unable to satisfactorily resolve the compliance issues, the CDFI Fund may terminate 

and rescind the Assistance Agreement and the award made under this NOFA. 

Noncompliance or default status .... • If, at any time prior to entering into an Assistance Agreement, the CDFI Fund determines that a Recipient (or an Affiliate of the Applicant) that is a prior CDFI Fund Recipient or allocatee, under any CDFI 

Fund Program is noncompliant or found in default with any previously executed award agreement(s), assistance agreement(s), allocation agreement(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 by 

taking actions the CDFI Fund has specified within such specified timeframe. If the Recipient is unable to 

cure the noncompliance within the specified timeframe, the CDFI Fund may terminate and rescind the 

Assistance Agreement and the Award made under this NOFA. 

Compliance with federal civil rights 

requirements.

• If, prior to entering into an Assistance Agreement under this NOFA, the Recipient receives a final determination, made within the last three years, in any proceeding instituted against the Recipient in, by, or 

before any court, governmental, or administrative body or agency, declaring that the Recipient has violated any federal civil rights laws or regulations, including: Title VI of the Civil Rights Act of 1964, as 

amended (42 U.S.C. 2000d et seq.); Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794); and 

the Age Discrimination Act of 1975, (42 U.S.C. 6101–6107), the CDFI Fund will terminate and rescind 

the Assistance Agreement and the Award made under this NOFA. 

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

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

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

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

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

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

into an Assistance Agreement. 

C. Reporting: 

1. Reporting Requirements: On an 

annual basis during the Period of 

Performance, the CDFI Fund may collect 

information from each Recipient 

including, but not limited to, an Annual 

Report with the following components 

(Annual Reporting Requirements): 


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13Personally 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 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. 

TABLE 9—ANNUAL REPORTING REQUIREMENTS 13

Financial Statement Audit Report 

(Non-profit Recipient including Insured Credit Unions and State-Insured Credit Unions).

A Non-profit Recipient (including Insured Credit Unions and State-Insured Credit Unions) must submit a Financial Statement Audit (FSA) Report in AMIS, along with the Recipient’s statement of financial condition audited or reviewed by an independent certified public accountant, if any are prepared. 

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

arrange for additional audits not otherwise required under Uniform Requirements or otherwise prepared 

at the request of the Recipient or parties other than the CDFI Fund. 

Financial Statement Audit (FSA) 

Report (For-Profit Recipient).

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

condition audited or reviewed by an independent certified public accountant. 

Financial Statement Audit Report 

(Depository Institution Holding 

Company and Insured Depository 

Institution).

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

submit an FSA Report in AMIS. 

Single Audit Report (Non-Profit Recipients, if applicable).A non-profit Recipient must complete an annual Single Audit pursuant to the Uniform Requirements (see 2 

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

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

F-Audit Requirements in the Uniform Requirements) and optionally through AMIS. 

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

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

Award through its Subsidiary CDFI Insured Depository Institution, that Subsidiary CDFI Insured Depository Institution must also submit a TLR. Furthermore, if the Depository Institution Holding Company itself 

deploys any portion of the CDFI ERP Award, the Depository Institution Holding Company must submit a 

TLR. 

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

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

Award through its Subsidiary CDFI Insured Depository Institution, that Subsidiary CDFI Insured Depository Institution must also submit a Uses of Award Report. Furthermore, if the Depository Institution Holding Company itself deploys any portion of the CDFI ERP Award, the Depository Institution Holding Company must submit a Uses of Award Report. 

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

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

Award through its Subsidiary CDFI Insured Depository Institution, that Subsidiary CDFI Insured Depository Institution must also submit a Performance Progress Report. Furthermore, if the Depository Institution Holding Company itself deploys any portion of the CDFI ERP Award, the Depository Institution Holding Company must submit a Performance Progress Report. 

The CDFI Fund may also collect data 

that will enable the Secretary of the 

Treasury to conduct a study of the 

impact of the CDFI ERP. Reporting 

requirements will be outlined in the 

final CDFI ERP Assistance Agreement 

and may include reporting beneficiary 

demographic data pertaining to 

borrowers and/or beneficiaries. The 

CDFI Fund intends to require Recipients 

to collect and report data on the race 

and ethnicity of borrowers and/or 

beneficiaries of the program. Final 

requirements will be outlined in the 

Assistance Agreement and required 

reports in Table 9, as applicable. Section 

523(d) of the Authorizing Statute allows 

a CDFI that receives a CDFI ERP Award 

to collect such data, notwithstanding 

any limitations under the Equal Credit 

Opportunity Act (15 U.S.C. 1691 et seq.) 

and without any adverse action related 

to that collection by the Consumer 

Financial Protection Bureau or any 

other federal agency. Recipients may 

use a portion of their Award, under the 

seven operational support eligible 

activity categories outlined in Section 

II.D of this NOFA, to fund data 

collection and reporting activities. 

Reporting requirements may be added 

or modified at any time at the discretion 

of the CDFI Fund. 

Each Recipient is responsible for the 

timely and complete submission of the 

Annual Reporting Requirements. The 

CDFI Fund reserves the right to contact 

the Recipient and additional entities or 

signatories to the Assistance Agreement 

to request additional information and/or 

documentation. The CDFI Fund will use 

such information to monitor each 

Recipient’s compliance with the 

requirements of the Assistance 

Agreement and to assess the impact of 

the CDFI ERP. The CDFI Fund reserves 

the right, in its sole discretion, to 

modify these reporting requirements, 

including increasing the scope and 

frequency of reporting, if it determines 

it to be appropriate and necessary; 

however, such reporting requirements 

will be modified only after notice to 

Recipients. 

2. Financial Management and 

Accounting: The CDFI Fund will require 

Recipients to maintain financial 

management and accounting systems 

that comply with federal statutes, 

regulations, and the terms and 

conditions of the federal award. These 

systems must be sufficient to permit the 

preparation of reports required by the 

CDFI Fund to ensure compliance with 

the terms and conditions of the CDFI 

ERP, including the tracing of funds to a 

level of expenditures adequate to 

establish that such funds have been 

used in accordance with federal 

statutes, regulations, and the Assistance 

Agreement. 

The cost principles used by 

Recipients must be consistent with 

federal cost principles and support the 

accumulation of costs as required by the 

principles, and must provide for 

adequate documentation to support 

costs charged to the CDFI ERP 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 


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Federal Register / Vol. 87, No. 121 / Friday, June 24, 2022 / Notices 37927 

compliance; take appropriate action 

when not in compliance; and safeguard 

personally identifiable information. 

VII. Agency Contacts 

A. Contact Information: 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 dates listed in 

Table 1 and Table 6. The CDFI Fund 

strongly recommends Applicants submit 

questions to the CDFI Fund via an AMIS 

Service Request to the CDFI ERP, Office 

of Certification Policy and Evaluation, 

Office of Compliance Monitoring and 

Evaluation, or IT Help Desk. The CDFI 

Fund will post on its website 

information to clarify the NOFA and 

Application. Other information 

regarding the CDFI Fund and its 

programs may be obtained from the 

CDFI Fund’s website at http://

www.cdfifund.gov. Table 10 lists CDFI 

Fund contact information: 

TABLE 10—CONTACT INFORMATION

Type of question Preferred method Telephone No. 

(not toll free) Email addresses 

CDFI ERP Questions .......................................... Service Request via AMIS .................................. 202–653–0421 erp@cdfi.treas.gov. 

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

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

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

B. Information Technology Support: 

For IT assistance, the preferred method 

of contact is to submit a Service Request 

within AMIS. For the Service Request, 

select ‘‘Technical Issues’’ from the 

Program dropdown menu of the Service 

Request. People who have visual or 

mobility impairments that prevent them 

from using the CDFI Fund’s website 

should call (202) 653–0422 for 

assistance (this is not a toll-free 

number). 

C. Communication with the CDFI 

Fund: The CDFI Fund will use the 

contact information in AMIS to 

communicate with Applicants and 

Recipients. It is imperative, therefore, 

that Applicants, Recipients, 

Subsidiaries, Affiliates, and signatories 

maintain accurate contact information 

in their accounts. This includes 

information such as contact names 

(especially for the Authorized 

Representative), email addresses, fax 

and phone numbers, and office 

locations. 

D. Civil Rights and Diversity: Any 

person who is eligible to receive 

benefits or services from the CDFI Fund 

or Recipients under any of its programs 

is entitled to those benefits or services 

without being subject to discrimination 

prohibited by federal civil rights laws or 

regulations. The Department of the 

Treasury’s Office of Civil Rights and 

Diversity enforces various federal 

statutes and regulations that prohibit 

discrimination in financially assisted 

and conducted programs and activities 

of the CDFI Fund. If anyone believes 

that s/he has been subjected to 

discrimination and/or reprisal because 

of membership in a protected group, s/ 

he may file a complaint with Director, 

Office of Civil Rights and Diversity, U.S. 

Department of the Treasury, 

Departmental Offices, 1500 

Pennsylvania Ave NW, Washington, DC 

20220, or (202) 622–1160 (not a toll-free 

number). 

E. Statutory and National Policy 

Requirements: The CDFI Fund will 

manage and administer the CDFI ERP 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 ERP Application has been 

assigned the following control number: 

1559–0052. 

B. Application Information Sessions: 

The CDFI Fund may conduct webinars 

or host information sessions for 

organizations that are considering 

applying to, or are interested in learning 

about, the CDFI Fund’s programs. For 

further information, visit the CDFI 

Fund’s website at http://

www.cdfifund.gov. 

Authority: Pub. L. 116–260; 12 U.S.C. 

4701, et seq.; 12 CFR parts 1805 and 

1815; 2 CFR part 200. 

Jodie L. Harris, 

Director, Community Development Financial 

Institutions Fund. 

[FR Doc. 2022–13452 Filed 6–23–22; 8:45 am] 

BILLING CODE 4810–05–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Funding Opportunity Under Supportive 

Services for Veteran Families Program 

AGENCY: Department of Veterans Affairs. 

ACTION: Notice of funding availability. 

SUMMARY: The Department of Veterans 

Affairs (VA) is announcing the 

availability of funds for supportive 

services grants under the Supportive 

Services for Veteran Families (SSVF) 

Program. This Notice of Funding 

Availability (NOFA) contains 

information concerning the SSVF 

Program, the grant application processes 

and the amount of funding available. 

Awards made for supportive services 

grants will fund operations beginning 

August 19, 2022, for a non-renewable 

period ending September 30, 2026. 

DATES: Applications for supportive 

services grants under the SSVF Program 

must be received by the SSVF Program 

Office by 4:00 p.m. Eastern Standard 

Time (EST), July 22, 2022. In the 

interest of fairness to all eligible 

applicants, as described in this NOFA, 

this deadline is firm as to date and hour, 

and VA will treat as ineligible for 

consideration any application that is 

received after the deadline. Applicants 

should take this practice into account 

and make early submission of their 

materials to avoid any risk of loss of 

eligibility brought about by 

unanticipated delays, computer service 

outages or other submission-related 

problems. 

ADDRESSES: For a Copy of the 

Application Package: Copies of the 

application can be downloaded from the 

SSVF website at: www.va.gov/homeless/ 

ssvf. Questions should be referred to the 

SSVF Program Office via email at: 

SSVF@va.gov. For detailed SSVF 


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