Federal Register / Vol. 81, No. 25 / Monday, February 8, 2016 / Notices 6585 

data can assist the Field Offices in 

developing a business plan or adjusting 

their business plan to increase its ability 

to market its goods and services to 

buyers and potential users of their 

services. 

Respondents: SBTRC Regional Field 

Offices. 

Annual Estimated Number of 

Respondents: 100. 

Frequency: The information will be 

collected quarterly. 

Annual Estimated Number of 

Responses: 400. 

Estimated Total Annual Burden on 

Respondents: 600 hours per year (90 

minutes per response to complete each 

Intake Form). 

Comments are invited on: (a) Whether 

the proposed collection of information 

is necessary for the proper performance 

of the functions of the Department, 

including whether the information will 

have practical utility; (b) the accuracy of 

the Department’s estimate of the burden 

of the proposed information collection; 

(c) ways to enhance the quality, utility 

and clarity of the information collection; 

and (d) ways to minimize the burden of 

the collection of information on 

respondents, by the use of electronic 

means, including the use of automated 

collection techniques or other forms of 

information technology. The agency will 

summarize and/or include your 

comments in the request for OMB’s 

clearance of this information collection. 

Authority: The Paperwork Reduction Act 

of 1995; 44 U.S.C. Chapter 35, as amended; 

and 49 CFR 1:48. 

Issued in Washington, DC, on February 1, 

2016. 

Habib Azarsina, 

OST Privacy and PRA Officer. 

[FR Doc. 2016–02369 Filed 2–5–16; 8:45 am] 

BILLING CODE 4910–9X–P 

DEPARTMENT OF THE TREASURY 

Community Development Financial 

Institutions Fund 

Notice of Funds Availability Inviting 

Applications for the Fiscal Year (FY) 

2016 Funding Round of the Capital 

Magnet Fund 

Announcement Type: Announcement 

of funding opportunity. 

Funding Opportunity Number: CDFI– 

2016–CMF 

Catalog of Federal Domestic 

Assistance (CFDA) Number: 21.011 

DATES: Electronic applications for must 

be received by 5:00 p.m. Eastern Time 

(ET), March 30, 2016. 

Key Dates: 

FY 2016 CMF PROGRAM FUNDING ROUND CRITICAL DEADLINES FOR APPLICANTS

Description Deadline 

Time 

(Eastern 

time- ET) 

Submission method 

SF–424 Mandatory form ........................................ March 16, 2016 ............. 11:59 p.m. 

ET.

Electronically via Grants.gov. 

Last day to contact CMF Program Staff ................ March 28, 2016 ............. 5:00 p.m. ET CDFI Fund Helpdesk: 202–653–0421 or cmf@

cdfi.treas.gov. 

CMF Application and Required Attachments ......... March 30, 2016 ............. 11:59 p.m. 

ET.

Electronically via Awards Management Information System (AMIS). 

Executive Summary: The Capital 

Magnet Fund (CMF) is administered by 

the Community Development Financial 

Institutions Fund (CDFI Fund). Through 

the CMF, the CDFI Fund provides 

financial assistance grants to 

Community Development Financial 

Institutions (CDFIs), and to qualified 

Nonprofit Organizations that have the 

development or management of 

affordable housing as one of their 

principal purposes. All awards provided 

through this Notice of Funds 

Availability (NOFA) are subject to 

funding availability. 

I. Program Description 

A. Authorizing Statutes and 

Regulations: The CMF was established 

through the Housing and Economic 

Recovery Act of 2008 (HERA), which 

added section 1339 to the Federal 

Housing Enterprises Financial Safety 

and Soundness Act of 1992. Under 

(HERA), the Government Sponsored 

Enterprises (GSEs), Federal National 

Mortgage Association (Fannie Mae) and 

the Federal Home Loan Mortgage 

Corporation (Freddie Mac), are required 

to set aside annual allocations equal to 

4.2 basis points for each dollar of their 

unpaid principal balances of total new 

business purchases, of which 25 percent 

must be deposited into a reserve fund 

for the HOPE for Homeowners Program 

for FY 2016, and, of the remaining 

amount available, the Housing Trust 

Fund will receive 65 percent of the 

funds, and the CMF will receive 35 

percent of the funds. The Federal 

Housing Finance Agency (FHFA), acting 

as the GSEs’ conservator, temporarily 

suspended these allocations before they 

began, and Congress appropriated $80 

million to fund an initial round of the 

CMF in FY 2010. In December 2014, the 

FHFA lifted its suspension of the GSEs’ 

allocation and directed the GSEs to 

begin allocating funds for the CMF. This 

NOFA announces that the CDFI Fund 

will make CMF Awards when such 

funds are made available through the 

GSEs’ FY 2015 annual allocation. The 

regulations that govern the CMF are the 

interim rule (12 CFR part 1807), which 

has been simultaneously published for 

comment with this NOFA, and the CDFI 

Fund’s environmental regulations at 12 

CFR part 1815 (environmental quality 

regulations). 

The CDFI Fund encourages 

Applicants to review the CMF interim 

rule, this NOFA, the environmental 

quality regulations, the CMF funding 

application (referred to hereafter as the 

‘‘Application’’, meaning the application 

submitted in response to this NOFA), 

and the Uniform Administrative 

Requirements, Cost Principles, and 

Audit Requirements for Federal Awards 

(2 CFR part 200; 78 FR 78590) (Uniform 

Administrative Requirements or UAR) 

for a complete understanding of the 

program. Each capitalized term in this 

NOFA is defined herein, in the interim 

rule, the Application, or the Uniform 

Administrative Requirements. Details 

regarding Application content 

requirements are found in the 

Application and related materials. 

B. History: The CDFI Fund was 

established by the Riegle Community 

Development Banking and Financial 

Institutions Act of 1994 to promote 

economic revitalization and community 

development through investment in and 

assistance to CDFIs. Since its creation in 

1994, the CDFI Fund has awarded over 

$2 billion to CDFIs, community 

development organizations, and 

financial institutions through the 

Capital Magnet Fund (CMF), 

Community Development Financial 


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Institutions Program (CDFI Program), 

the Native American CDFI Assistance 

Program (NACA Program), the Bank 

Enterprise Award Program (BEA 

Program), and the Financial Education 

and Counseling Pilot Program. In 

addition, the CDFI Fund has allocated 

more than $43 billion in tax credit 

allocation authority through the New 

Markets Tax Credit Program (NMTC 

Program) and has obligated $852 million 

in bond guarantees to Eligible CDFIs 

through the CDFI Bond Guarantee 

Program. 

C. Uniform Administrative 

Requirements, Cost Principles, and 

Audit Requirements for Federal Awards 

(2 CFR part 200): The Uniform 

Administrative Requirements codify 

financial, administrative, procurement, 

and program management standards 

that Federal award-making agencies 

must follow. Per the Uniform 

Administrative Requirements, when 

evaluating award applications, awarding 

agencies must evaluate the risks to the 

program posed by each Applicant, and 

each Applicant’s merits and eligibility. 

These requirements are designed to 

ensure that Applicants for Federal 

assistance receive a fair and consistent 

review prior to an award decision. This 

review will assess items such as the 

Applicant’s financial stability, quality of 

management systems, history of 

performance, and single audit findings. 

In addition, the Uniform Administrative 

Requirements include guidance on audit 

requirements and other award 

compliance requirements for award 

Recipients. 

D. Priorities: The CMF priorities are to 

attract private capital for and increase 

investment in the Development, 

Preservation, Rehabilitation, or 

Purchase of Affordable Housing for 

primarily Extremely Low-Income, Very 

Low-Income, and Low-Income Families, 

as well as Economic Development 

Activities, which, In Conjunction With 

Affordable Housing Activities, 

implement a Concerted Strategy to 

stabilize or revitalize a Low-Income 

Area or Underserved Rural Area. In this 

NOFA, the CDFI Fund will implement 

these priorities by funding Applications 

that propose to: (i) Finance and/or 

support rental Affordable Housing 

Projects in which a minimum of 20 

percent of the units in each Project are 

targeted to Very Low-Income 

households and/or Extremely LowIncome Families; or finance and/or 

support Homeownership Projects in 

which a minimum of 20 percent of the 

units in each Project are targeted to 

Low-Income Families; and (ii) leverage 

a higher proportion of private capital to 

finance and/or support Affordable 

Housing Activities and Economic 

Development Activities. Further, the 

CDFI Fund will fund Applications 

serving geographically diverse areas of 

economic distress, including 

Metropolitan and Underserved Rural 

Areas. 

II. Federal Award Information 

A. Funding Availability: The amount 

available for FY 2016 awards through 

this NOFA will be the amount that is 

transferred to the CDFI Fund by the 

GSEs for the Capital Magnet Fund. No 

Congressionally appropriated funds are 

anticipated through the FY 2016 CMF 

Program Funding Round. Based on 

quarterly reports filed by the GSEs with 

the Securities and Exchange 

Commission, the CDFI Fund anticipates 

receiving approximately $80 million to 

fund CMF Awards in FY 2016. 

However, the final amount allocated to 

the CMF by the GSEs will likely not be 

determined before March 2016, and thus 

the anticipated amount may differ from 

the actual allocated amount. HERA 

prohibits the CDFI Fund from obligating 

more than 15 percent of the available 

CMF funding in the aggregate to any 

Applicant, its Subsidiaries and 

Affiliates in the same funding round. 

Affiliated entities are not allowed to 

apply separately under this NOFA. 

While the exact dollar amount of the 

funding cap cannot be established until 

the total amount available for CMF 

Awards is known, the FY 2010 CMF 

Program Funding Round is illustrative 

of how the funding cap will be 

implemented. In FY 2010, the amount 

appropriated for CMF Awards was $80 

million, the funding cap was $12 

million, and CMF Awards ranged from 

$500,000 to $6 million. 

The CDFI Fund reserves the right, in 

its sole discretion, to provide a CMF 

Award in an amount other than that 

which the Applicant requests; however, 

the award amount will not exceed the 

Applicant’s award request as stated in 

its Application. 

B. Types of Awards: The CDFI Fund 

will provide CMF Awards in the form 

of grants. CMF Awards must be used to 

support the eligible activities as set forth 

in 12 CFR 1807.301. CMF Awards 

cannot be ‘‘passed through’’ to thirdparty entities, whether Affiliates, 

Subsidiaries, or others, to undertake the 

eligible activities set forth in 12 CFR 

1807.301, without the prior written 

approval of the CDFI Fund. 

C. Limitation on Number of CMF 

Awards: An Applicant may receive only 

one award through the FY 2016 CMF 

Program Funding Round. An Applicant, 

its Subsidiaries, or Affiliates also may 

apply for and receive an award through 

the CDFI Program, CDFI Bond 

Guarantee Program, Native American 

CDFI Assistance (NACA) Program, Bank 

Enterprise Award (BEA) Program, or 

New Markets Tax Credit (NMTC) 

Program, but only to the extent that the 

activities proposed for CMF Awards are 

different from those activities for which 

the Applicant received an award under 

another CDFI Fund program. The CDFI 

Fund has determined that for purposes 

of this rule, such different activities are 

those proposed Projects that do not 

involve funding from any other CDFI 

Fund program. 

D. Anticipated Start Date and Period 

of Performance: The CDFI Fund 

anticipates the period of performance 

for the FY 2016 CMF Program Funding 

Round will begin in the Spring of 2016. 

The period of performance for each 

CMF Award begins with the date that 

the CDFI Fund issues the notice of 

award and continues until the end of 

the Investment Period (as defined in 12 

CFR 1807.104), or as otherwise set forth 

in the Assistance Agreement, during 

which time the Recipient must meet 

certain performance goals. 

E. Eligible Activities: An Applicant 

may submit an Application for a CMF 

Award to support or finance activities 

that attract private capital for and 

increase investment in (i) the 

Development, Preservation, 

Rehabilitation, or Purchase of 

Affordable Housing for primarily Low-, 

Very Low- and Extremely Low-Income 

Families, and (ii) Economic 

Development Activities. CMF Awards 

may only be used as follows: (i) To 

provide Loan Loss Reserves, (ii) to 

capitalize a Revolving Loan Fund, (iii) 

to capitalize an Affordable Housing 

Fund, (iv) to capitalize a fund to support 

Economic Development Activities, (v) 

for Risk-Sharing Loans, or (vii) to 

provide Loan Guarantees. No more than 

30 percent of a CMF Award may be used 

for Economic Development Activities. 

The amount available to any Recipient 

for Direct Administrative Expenses is 

limited to no more than 5 percent of its 

CMF Award, and may only be used to 

facilitate the Recipient’s use of its CMF 

Award for the eligible activities. 

III. Eligibility Information 

A. Eligible Applicants: In order to be 

eligible to apply for a CMF Award, an 

Applicant must either be a Certified 

CDFI or a Nonprofit Organization, as 

defined in 12 CFR 1807.104. Table 1 

indicates the criteria that each entity 

type must meet in order to be eligible 

for a CMF Award pursuant to this 

NOFA: 


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TABLE 1—APPLICANT ELIGIBILITY REQUIREMENTS

Entity type Eligibility requirements 

Certified CDFI ................................. • Has been in existence as a legally formed entity for at least 3 years prior to the Application deadline 

under this NOFA; 

• Has been determined by the CDFI Fund to meet the CDFI certification requirements set forth in 12 CFR 

1805.201 and has received official notification from the CDFI Fund that it meets all such requirements as 

of the date of this NOFA; 

• Its CDFI certification has not expired; 

• Has not been notified by the CDFI Fund that its certification is in default or has been terminated; 

• In cases where the CDFI Fund provided Certified CDFIs with written notification that their CDFI certification was extended, the CDFI Fund will consider the extended certification date (the later date) to determine whether those Certified CDFIs meet this eligibility requirement. 

Nonprofit Organization .................... • Has been in existence as a legally formed entity for at least 3 years prior to the Application deadline 

under this NOFA; 

• Demonstrates, through articles of incorporation, by-laws, or other board-approved documents, that the 

development or management of affordable housing are among its principal purposes; and 

• Demonstrates that at least thirty-three and one-third percent of its total assets (loan portfolio and investments) is dedicated to the development or management of affordable housing. 

Any Applicant that does not meet the 

criteria in Table 1 is ineligible to apply 

for a CMF Award under this NOFA. 

TABLE 2—ADDITIONAL ELIGIBILITY REQUIREMENTS

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 will submit the required documents in two locations: (1) Grants.gov and (2) AMIS. 

Æ Grants.gov: Applicants must submit the OMB SF–424 Mandatory (Application for Federal Assistance) form. 

Æ AMIS: Applicants must submit all other required Application materials. 

Æ All Applicants must register in the Grants.gov and AMIS systems to submit an Application successfully. The CDFI Fund strongly encourages applicants to register as early as possible. 

• Grants.gov and the SF–424 Mandatory form: 

Æ The SF–424 must be submitted in Grants.gov before the other Application materials are submitted 

in AMIS. Applicants are strongly encouraged to submit their SF–424 as early as possible via the 

Grants.gov portal. 

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

in AMIS and the Application will be deemed ineligible. 

• AMIS: 

Æ AMIS is a new enterprise-wide information technology system that is replacing the myCDFI Fund 

portal and that will be used to submit and store organization and Application information with the 

CDFI Fund. 

Æ Applicants are only allowed one submission in AMIS. 

Employer Identification Number 

(EIN).

• An Applicant must submit electronically a copy of the letter from the IRS as evidence that the Applicant 

has been assigned its own unique EIN. 

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

• The CDFI Fund will deem an Application incomplete if it does not include an IRS document that verifies 

the Applicant’s EIN (a tax return is not an acceptable form of IRS documentation). 

DUNS number ................................. • Pursuant to OMB guidance (68 FR 38402), an Applicant must apply using its unique DUNS number in 

Grants.gov. 

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

Awards Management Information 

System (AMIS).

• Each Applicant must register as an organization in AMIS and submit all required Application materials 

through the AMIS portal. 

• The Authorized Representative must be included as a ‘‘user’’ in the Applicant’s AMIS account. 

• An Applicant that fails to properly register and update its AMIS account may miss important communications from the CDFI Fund or fail to submit an Application successfully. 

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

for the receipt of CMF Award. 

Compliance with Federal civil rights 

requirements.

• An Applicant may not be eligible to receive an award if proceedings have been instituted against it in, 

by, or before any court, governmental agency, or administrative body, and a final determination within 

the last 3 years indicates the Applicant has violated any of the following laws: Title VI of the Civil Rights 

Act of 1964, as amended (42 U.S.C. 2000d); Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 

794); the Age Discrimination Act of 1975, (42 U.S.C. 6101–6107), and Executive Order 13166, Improving Access to Services for Persons with Limited English Proficiency. 


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Further, the following describes 

additional considerations applicable to 

prior award Recipients or Allocatees 

under any CDFI Fund program: 

B. Prior award Recipients or 

Allocatees: Applicants must be aware 

that success in a prior round of any of 

the CDFI Fund’s programs is not 

indicative of success under this NOFA. 

Prior award Recipients or Allocatees 

under any CDFI Program are eligible to 

apply under this NOFA, except as noted 

in the following table: 

TABLE 3—ELIGIBILITY REQUIREMENTS FOR APPLICANTS WHICH ARE PRIOR AWARD RECIPIENTS

Criteria Description 

Pending resolution of noncompliance.The CDFI Fund will consider an Application submitted by an Applicant that has pending noncompliance 

issues if the CDFI Fund has not yet made a final determination as to whether the Applicant is in default 

of any of its previously executed agreement(s). 

Default or Noncompliance status .... • The CDFI Fund will not consider an Application submitted by an Applicant that has been notified by the 

CDFI Fund in writing that it is in default of a previously executed agreement under any CDFI Fund program, at the time of the Application deadline, unless otherwise indicated by the CDFI Fund in writing. 

The CDFI Fund will not consider an Application submitted by an Applicant that has been notified by the 

CDFI Fund in writing that it is noncompliant with an FY 2015 agreement, or with agreements for fiscal 

years thereafter, under any CDFI Fund program, at the time of the Application deadline, unless otherwise indicated by the CDFI Fund in writing. 

• The CDFI Fund will not consider any Applicant that has defaulted on a CDFI program loan within five 

years of the Application deadline. 

Undisbursed award funds and calculations (general).An Applicant that has funds from a prior CDFI Fund program that have not been disbursed, as defined in 

(a)–(d) below, as of the Application deadline will not be eligible for a CMF Award. 

(a) The CDFI Fund will include the combined undisbursed funds of the Applicant and its Affiliates. 

(b) Balances on undisbursed award funds cannot exceed 5 percent of the combined BEA Program awards 

made to the Applicant in FYs 2012, 2013, and 2014. 

(c) Balances on undisbursed award funds cannot exceed 5 percent of the combined CDFI/NACA Program 

awards made to the Applicant in FYs 2012, 2013, and 2014. 

(d) The undisbursed award funds calculation does not include award funds for: (i) Which the Recipient has 

submitted a full and complete disbursement request before the Application deadline; (ii) an award that 

has been terminated or de-obligated; (iii) an award that does not have a fully executed award agreement; and (iv) the tax credit allocation authority made available through the NMTC Program. 

C. Contact the CDFI Fund: 

Accordingly, Applicants that are prior 

Recipients and/or Allocatees under any 

CDFI Fund program are advised to: (i) 

Comply with requirements specified in 

an assistance agreement, award 

agreement, allocation agreement, bond 

loan agreement, or agreement to 

guarantee and (ii) contact the CDFI 

Fund to ensure that all necessary 

actions are underway for the 

disbursement of any outstanding 

balance of a prior award(s). An 

Applicant that is unsure about the 

disbursement status of any prior award 

should contact the CDFI Fund by 

sending an email to cdfihelp@

cdfi.treas.gov. All outstanding reports 

and compliance questions should be 

directed to the Certification, 

Compliance Monitoring, and Evaluation 

helpdesk by email at ccme@

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

653–0423. The CDFI Fund will not 

respond to Applicants’ reporting, 

compliance, or disbursement telephone 

calls or email inquiries that are received 

after 5:00 p.m. ET on March 28, 2016 

until after the Application deadline. The 

CDFI Fund will respond to technical 

issues related to AMIS Accounts 

through 5:00 p.m. ET on March 30, 2016 

via AMIS Service Requests, or at AMIS@

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

653–0422. 

D. Cost sharing or matching fund 

requirements: Not applicable. 

E. Other Eligibility Criteria: 

(1) 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 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. 

(2) Entities that Submit Applications 

Together with Affiliates: As part of the 

Application review process, the CDFI 

Fund considers whether Applicants are 

Affiliates, as such term is defined in 12 

CFR 1807.104. If an Applicant and its 

Affiliates wish to submit Applications, 

they must do so collectively, in one 

Application; an Applicant and its 

Affiliates may not submit separate 

Applications. If Affiliated entities 

submit multiple Applications, the CDFI 

Fund will reject all such Applications 

received. 

Furthermore, an Applicant that 

receives an award in this CMF round 

may not become an Affiliate of another 

Applicant that receives an award in this 

CMF round at any time after the 

submission of a CMF Application under 

this NOFA. This requirement will also 

be a term and condition of the 

Assistance Agreement (see additional 

Application guidance materials on the 

CDFI Fund’s Web site at http://

www.cdfifund.gov for more details). 

(3) An Applicant will not be eligible 

to receive a CMF Award if the Applicant 

fails to demonstrate that its CMF Award 

would result in Eligible Project Costs 

that equals at least 10 times the amount 

of the CMF Award. 

IV. Application and Submission 

Information 

A. Address to Request Application 

Package: Application materials can be 

found on Grants.gov and the CDFI 

Fund’s Web site at www.cdfifund.gov/

cmf. Applicants may request a paper 

version of any Application material by 

contacting the CDFI Fund Help Desk by 

email at cmf@cdfi.treas.gov or by phone 

at (202) 653–0421. 

B. Content and Form of Application 

Submission: All Application documents 

must be submitted electronically 

through Grants.gov and AMIS, the CDFI 

Fund’s internet-based interface. The 

CDFI Fund will not accept Applications 

via email, mail, facsimile, or other forms 

of communication, except in extremely 

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


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Authorized Representative or 

Application Contact Person designated 

in AMIS may submit the Application 

through AMIS. 

All Applications must be prepared 

using the English language and 

calculations must be made in U.S. 

dollars. Table 4 lists the required 

funding Application documents for the 

FY 2016 CMF Program Funding Round. 

The CDFI Fund reserves the right to 

request and review other pertinent or 

public information that has not been 

specifically requested in this NOFA or 

the Application. Information submitted 

by the Applicant that the CDFI Fund has 

not specifically been requested will not 

be reviewed or considered as part of the 

Application. The CDFI Fund will post to 

its Web site, at www.cdfifund.gov/cmf, 

instructions for accessing and 

submitting an Application. Detailed 

Application content requirements are 

found in the Application and related 

guidance documents. 

TABLE 4—FUNDING APPLICATION DOCUMENTS

Application document Submission format Required? 

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

CMF Application Form ............................................................................ AMIS .............................................. Required for All Applicants. 

ATTACHMENTS TO THE APPLICATION: 

IRS Documentation of Organization’s EIN .............................................. PDF in AMIS .................................. Required for All Applicants. 

Audited Financial Statements (most recent 3 fiscal years) .................... PDF in AMIS .................................. Required for All Applicants. 

State Charter or Articles of Incorporation designating that the Applicant is a nonprofit or not-for-profit entity under the laws of the organization’s State of formation.PDF in AMIS .................................. Required for only for Applicants 

that are not Certified CDFIs. 

A certification demonstrating tax exempt status from the IRS ............... PDF in AMIS .................................. Required for only for Applicants 

that are not Certified CDFIs. 

Articles of incorporation, by-laws or other document demonstrating the 

Applicant has a principal purpose of managing or developing affordable housing.

PDF in AMIS .................................. Required for only for Applicants 

that are not Certified CDFIs. 

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) as it may take several 

weeks to complete. An Applicant that 

has previously registered with 

Grants.gov must verify that its 

registration is current and active. 

Applicants are only required to 

submit the OMB SF–424 Mandatory 

(Application for Federal Assistance) 

form in Grants.gov, as all other 

Application documents (listed in Table 

4) will be submitted through AMIS. 

Applicants are encouraged to submit the 

SF–424 as early as possible through 

Grants.gov to provide time to resolve 

any submission problems. 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. 

C. Dun and Bradstreet Universal 

Numbering System (DUNS): 

Pursuant to the Uniform 

Administrative Requirements, each 

Applicant must provide as part of its 

Application submission, a valid Dun & 

Bradstreet Universal Numbering System 

(DUNS) number. Any Applicant without 

a DUNS number will not be able to 

register and submit an Application in 

the Grants.gov system. Please allow 

sufficient time for Dun & Bradstreet to 

respond to inquiries and/or requests for 

DUNS numbers. 

D. System for Award Management 

(SAM): 

Any entity applying for Federal grants 

or other forms of Federal financial 

assistance through Grants.gov must be 

registered in SAM before submitting its 

Application. The SAM registration 

process can take several weeks to 

complete. 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 not 

consider any Applicant that fails to 

properly register or activate its SAM 

account and, as a result, is unable to 

submit its Application by the 

Application deadline. Applicants must 

contact SAM directly with questions 

related to registration or SAM account 

changes as the CDFI Fund does not 

maintain this system. For more 

information about SAM, please visit 

https://www.sam.gov. 

E. Submission Dates and Times: 

All Application documents must be 

submitted through the Grants.gov and 

AMIS electronic systems. The CDFI 

Fund will not accept Applications via 

email, mail, facsimile, or other forms of 

communication, except in extremely 

rare circumstances that have been preapproved by the CDFI Fund. 

(1) Submission Deadlines: The 

following are the deadlines for 

submission of the documents related to 

the FY 2016 CMF Program Funding 

Round: 

TABLE 5—FY 2016 CMF DEADLINES FOR APPLICANTS

Document Deadline Time—eastern time (ET) Submission method 

SF–424 Mandatory form ............................................. March 16, 2016 ................ 11:59 p.m. ET .................... Electronically via Grants.gov. 

CMF Application and Required Attachments ............. March 30, 2016 ................ 11:59 p.m. ET .................... Electronically via AMIS. 

(2) Confirmation of Application 

Submission in Grants.gov and AMIS: 

Applicants are required to submit the 

OMB SF–424 Mandatory (Application 

for Federal Assistance) form through the 

Grants.gov system and must submit all 

other required Application materials 

through the AMIS Web site. Application 

materials submitted through both 

systems are due by the Application 

deadlines listed in Table 5. Applicants 

are strongly encouraged to submit the 


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SF–424 as early as possible in the 

Grants.gov portal since submission 

problems may impact the ability to 

submit the overall Application. 

(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 

were 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 materials 

submitted in AMIS are not officially 

accepted by the CDFI Fund until 

Grants.gov has validated the SF–424. 

(b) Award Management Information 

System (AMIS) Submission Information: 

AMIS is a web-based portal where 

Applicants will directly enter their 

Application information and add 

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 the 

Applicant to allow sufficient time to 

confirm the Application content, review 

the material submitted, and remedy any 

issues prior to the Application deadline. 

Applicants can only submit one 

Application in AMIS. Upon submission, 

the Application will be locked and 

cannot be resubmitted, edited, or 

modified in any way. The CDFI Fund 

will not unlock or allow multiple 

Application submissions. 

(3) Multiple Application Submissions: 

If an Applicant submits multiple 

Applications in Grants.gov, the CDFI 

Fund will only review the last 

Application submitted in Grants.gov. 

Applicants may only submit one 

Application through AMIS. 

(4) Late Submission: The CDFI Fund 

will not accept an Application 

submitted after the Application 

deadline, except where the submission 

delay was a direct result of a Federal 

government administrative or 

technological error. In such cases, the 

Applicant must submit a request for 

acceptance of late Application 

submission and include documentation 

of the error no later than 2 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 Helpdesk at cdfihelp@

cdfi.treas.gov with a subject line of 

‘‘Late Application Submission Request.’’ 

(5) Intergovernmental Review: Not 

Applicable. 

(6) Funding Restrictions: CMF 

Awards are limited by the following: 

(a) A Recipient shall use CMF Award 

funds only for the eligible activities set 

forth in 12 CFR 1807.301 and as 

described in Section II.E of this NOFA 

and its Assistance Agreement. 

(b) A Recipient may not disburse CMF 

Award funds to an Affiliate, Subsidiary, 

or any other entity, without the CDFI 

Fund’s prior written approval. 

(c) CMF Award funds shall only be 

paid to the Recipient. 

(d) The CDFI Fund, in its sole 

discretion, may pay CMF Awards in 

amounts, or under terms and 

conditions, which are different from 

those requested by an Applicant. 

(7) Other Submission Requirements: 

Each Applicant must register as an 

organization in AMIS and submit all 

required application materials through 

this portal. The Authorized 

Representative and/or Application 

point(s) of contact must be included as 

‘‘Contacts’’ in the Applicant’s AMIS 

account. The Authorized Representative 

must also be a ‘‘user’’ in AMIS and must 

electronically sign the Application prior 

to submission through AMIS. An 

Applicant that fails to properly register 

and update its AMIS account may miss 

important communications from the 

CDFI Fund or fail to submit an 

Application successfully. 

V. Application Review Information 

A. Criteria: CMF Awards will be made 

based on Applicants’ experience and 

ability to use a CMF Award to support 

Affordable Housing Activities and 

Economic Development Activities in 

accordance with the criteria set forth 

below. 

All eligible funding Applications will 

be reviewed through a multi-phase 

review process that includes both 

quantitative and qualitative reviews, as 

outlined below. 

(1) Quantitative Review: First, the 

CDFI Fund will undertake an initial 

review of all Applications based on the 

following quantitative factors: 

(a) The Applicant’s organizational 

capacity, as measured by an evaluation 

of whether the Applicant’s projected 

activities are reasonable given its track 

record, quality of its loan portfolio and 

financial health (40 points); 

(b) The Applicant’s commitments to 

Projects, beyond the minimum criteria, 

resulting in Affordable Housing for 

Low-Income, Very-Low- and Extremely 

Low-Income Families (30 points); 

(c) The portion of the Applicant’s 

commitments to generate the required 

10:1 leverage ratio in Eligible Project 

Costs representing private capital and 

the portion of the leveraged funds 

representing third-party capital (30 

points). 

Applicants will receive a quantitative 

review score up to 100 points based on 

these factors. Applicants will be 

grouped into two categories: (1) Those 

with a maximum Non-Metropolitan 

investment of 50 percent or greater and 

(2) all other Applicants. Applicants in 

each category will be ranked according 

to their quantitative review score. The 

top 70 percent of Applicants in each 

category will be forwarded to the next 

level of review. The CDFI Fund reserves 

the right to forward additional 

Applicants to the qualitative review 

phase in order to ensure that a diversity 

of geographies are served by the 

Applicants reviewed in the qualitative 

review phase. 

(2) External Application Review: 

Applications that pass the quantitative 

review process will be separately scored 

by one or more external non-Federal 

reviewers who are selected based on 

criteria that include: A professional 

background in affordable housing, 

community and economic development 

finance; experience reviewing financial 

statements of all CDFI institution types; 

and experience performing 

underwriting of affordable housing and 

economic development projects. 

Reviewers must complete the CDFI 

Fund’s conflict of interest process and 

be approved by the CDFI Fund. 

Reviewers will be assigned a set 

number of Applications to review. The 

reviewer will provide a score for each of 

the Applications that were reviewed, in 

accordance with the scoring criteria 

outlined in Section V.A of this NOFA 

and the Application materials. 

Applications will be evaluated across 

four primary areas: 

(3) Business Strategy (25 points): The 

Applicant must provide a detailed 

strategy for implementing its CMF 

Award. 

(a) The Applicant is required to 

identify and describe, among other 

things: 

(i) Its track record of financing 

affordable housing and related 

activities, or economic development 

activities, if applicable; 


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(ii) A description of the marketplace 

gaps in financing available for 

affordable housing in its proposed 

Service Area(s); 

(iii) Its proposed eligible activities 

and a description of the types of 

financing that will be offered; and 

(iv) Its pipeline of proposed Projects 

and activities. 

(b) An Applicant will generally be 

scored more favorably in this section to 

the extent that it: Clearly identifies 

market gaps and proposes eligible 

activities to address those gaps through 

the use of its CMF Award; describes 

effective plans to provide financing that 

would not otherwise be available to 

finance and support Affordable Housing 

Activities and (if applicable) Economic 

Development Activities; proposes 

activities that are consistent with the 

Applicant’s track record; and provides a 

detailed and viable pipeline of potential 

eligible Affordable Housing activities 

and (if applicable) Economic 

Development Activities. 

(4) Leveraging Strategy (25 points): 

The Applicant must demonstrate its 

ability to leverage a CMF Award, 

particularly from private sources. 

(a) To this end, the Applicant must 

identify and describe, among other 

things, its anticipated strategy for 

leveraging dollars, including both 

private capital and public funds: 

(i) At the pre-investment stage (e.g., 

use of the CMF Award to secure 

additional capital, including third-party 

capital, prior to investing into Projects 

to capitalize an Affordable Housing 

Fund or Revolving Loan Fund); 

(ii) Through reinvestment of CMF 

Award dollars during the Investment 

Period into additional Projects (e.g., 

planned re-investment of the CMF 

Award and leveraged funds); and/or 

(iii) At the project level (e.g., use of 

the CMF Award to invest in Projects 

with total Eligible Project costs in excess 

of the CMF Award investment). 

(b) An Applicant will generally score 

more favorably in this section to the 

extent that: 

(i) A higher percentage of its 

leveraged funds come from private 

sources and from third-party capital; 

(ii) It utilizes strategies for leveraging 

funds at the Applicant level (preinvestment stage and reinvestment), as 

opposed to solely at the Project level; 

and 

(iii) It demonstrates a track record of 

leveraging funds in a similar manner. 

(5) Community Impact (25 points): 

The Applicant must clearly describe the 

persons and communities the Applicant 

intends to serve and demonstrate a track 

record of serving those persons and/or 

communities. 

(a) For rental Projects, beyond the 

threshold of 20 percent of units per 

Project, an Applicant will generally 

score more favorably to the extent it 

proposes to use its CMF Award and 

leveraged funds to produce a greater 

proportion of the total number of units 

financed with these funds to be 

occupied by Very Low-Income Families 

and/or Extremely Low-Income Families. 

(b) For Homeownership Projects, 

beyond the threshold of 20 percent of 

units per Project, an Applicant will 

generally score more favorably to the 

extent it proposes to use its CMF Award 

and leveraged funds to produce a greater 

proportion of the total number of units 

financed with these funds to be 

occupied by Low-income Families. 

(c) An Applicant will score more 

favorably to the extent that its strategy 

proposes Affordable Housing in areas of 

High Housing Need. Areas of High 

Housing Need are defined as census 

tracts where: 

(i) At least 20 percent of households 

are Very Low-Income renters paying 

more than half their income for rent; or 

(ii) Are high poverty neighborhoods 

(where greater than 20 percent of 

households have incomes below the 

poverty rate) with a rental vacancy rate 

of at least 10 percent; or 

(iii) Are Underserved Rural Areas. 

The Applicant must also describe, and 

will score more favorably, the extent to 

which the Applicant’s strategy will have 

positive community development and 

economic impacts, including expected 

impacts of strategies developed to 

complement formalized place-based 

strategies. 

(d) For Economic Development 

activities, an Applicant will generally 

score more favorably to the extent that 

it commits to financing Economic 

Development Activities in Low-Income 

Areas. 

(6) Organizational Capacity (25 

points): The Applicant must 

demonstrate its ability and capacity to 

undertake its proposed activities, use its 

CMF Award successfully, and maintain 

compliance with its Assistance 

Agreement. 

(a) To this end, the Applicant must 

identify and describe, among other 

things: 

(i) Its management team and key staff; 

(ii) The role of its governing board or 

advisory board; 

(iii) Its procedures and systems to 

track and ensure compliance with the 

affordability and community impact 

commitments; 

(iv) Its current financial health, 

including results of recent audits, and 

quality of its loan portfolio; and 

(v) Its experience administering other 

public funds including Federal awards, 

if applicable. 

(b) An Applicant will generally be 

scored more favorably to the extent that 

it: 

(i) Demonstrates that its staff, Board 

members and other personnel have the 

requisite skills and experience to 

administer the CMF Award and 

maintain compliance with its Assistance 

Agreement; 

(ii) Involves Low-Income persons or 

Low-Income community representatives 

in its decision-making process; and 

(iii) Demonstrates a strong portfolio 

and financial health. 

B. Review and Selection Process 

(1) Eligibility and Completeness 

Review: The CDFI Fund will review 

each Application to determine whether 

it is complete and the Applicant meets 

the eligibility requirements set forth in 

Section III.A above. An incomplete 

Application will be rejected; an 

Application that does not meet 

eligibility requirements will be rejected. 

(2) Substantive Review: If an 

Application is deemed to be complete 

and the Applicant is determined to be 

eligible, the CDFI Fund will conduct the 

substantive review of the Application in 

accordance with the criteria and 

procedures described in this NOFA in 

Sections V.A(1) and V.A(2), the 

Application, and any Application 

guidance. As part of the review process, 

the CDFI Fund may contact the 

Applicant by telephone, email, mail, or 

through an on-site visit for the sole 

purpose of obtaining clarifying or 

confirming Application information. 

The CDFI Fund reserves the right to 

collect such additional information from 

Applicants as it deems appropriate. 

After submitting its Application, the 

Applicant will not be permitted to 

revise or modify its Application in any 

way nor attempt to negotiate the terms 

of an award. If contacted for clarifying 

or confirming information, the 

Applicant must respond within the time 

parameters established by the CDFI 

Fund. 

(3) Internal Application Review and 

Initial Award Determination: After the 

Applications have been reviewed and 

scored by external reviewers, they will 

be forwarded to CDFI Fund staff. 

Applications will be ranked and 

reviewed in descending order of the 

external reviewer score. CDFI Fund staff 

will conduct additional due diligence 

on highly ranked Applicants and 

analyze additional programmatic and 

financial risk factors including, but not 

limited to: Financial stability; quality of 

management systems and ability to meet 


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award management standards; reports 

and findings from audits; and the 

Applicant’s ability to effectively 

implement Federal requirements. 

Award amounts may be reduced as a 

result of this analysis. The CDFI Fund 

may also reduce awards sizes from 

requested amounts based on certain 

variables, including an Applicant’s loan 

disbursement activity, total portfolio 

outstanding, and similar factors. 

In the case of an Applicant that has 

received awards from other Federal 

programs, the CDFI Fund reserves the 

right to contact officials from the 

appropriate Federal agency or agencies 

to determine whether the Recipient is in 

compliance with current or prior 

assistance agreements, and to take such 

information into consideration before 

making a CMF Award. In the case of an 

Applicant that has previously received 

funding through any CDFI Fund 

program, the CDFI Fund will consider 

and may, in its discretion, deduct up to 

5 points from the external reviewer 

score for those Applicants (or their 

Affiliates) that, within 24 months prior 

to the Application deadline, are late in 

meeting reporting requirements for 

existing awards. The CDFI Fund may 

also bar from consideration an 

Applicant that has, in any proceeding 

instituted against the Applicant in, by, 

or before any court, governmental, or 

administrative body or agency, received 

a final determination within the last 3 

years indicating that the Applicant has 

discriminated on the basis of race, color, 

national origin, disability, age, marital 

status, receipt of income from public 

assistance, religion, or sex. 

(4) Selection: Once Applications have 

been internally evaluated and 

preliminary award determinations have 

been made, the Applications will be 

forwarded to a selecting official for a 

final award determination. After 

preliminary award determinations are 

made, the selecting official will review 

the list of potential Recipients to 

determine whether the Recipient pool 

meets the following statutory objectives: 

(a) The potential Recipients’ proposed 

Service Area collectively represent 

broad geographic coverage throughout 

the United States; and 

(b) The potential Recipients’ proposed 

activities equitably represent both 

Metropolitan and Non-Metropolitan 

areas, as defined in the Application. 

To the extent practicable, the CDFI 

Fund reserves the right to make 

alterations to CMF Award amounts and/ 

or to the CMF Recipient pool if deemed 

necessary to provide these desired 

outcomes. In cases where the selecting 

official’s award determination varies 

significantly from the initial CMF 

Award amount recommended by the 

CDFI Fund staff review, the CMF Award 

recommendation will be forwarded to a 

reviewing official for final 

determination. The CDFI Fund, in its 

sole discretion, reserves the right to 

reject an Application and/or adjust CMF 

award amounts as appropriate based on 

information obtained during the review 

process. 

(c) Insured Depository Institution 

Applicants: In the case of Applicants 

that are Insured Depository Institutions 

or Insured Credit Unions, 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 CDFI Certified 

Insured Depository Institution that will 

expend and carry out the award. If the 

Appropriate Federal Banking Agency or 

Appropriate State Agency identifies 

safety and soundness concerns, the 

CDFI Fund will assess whether the 

concerns cause or will cause the 

Applicant to be incapable of 

undertaking the activities for which 

funding has been requested. 

(5) Right of Rejection: The CDFI Fund 

reserves the right to reject an 

Application if information (including 

administrative errors) comes to the 

attention of the CDFI Fund that 

adversely affects an Applicant’s 

eligibility for an award, 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 that any 

portion of the Application is incorrect 

in any 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 said changes materially 

affect the CDFI Fund’s award decisions, 

the CDFI Fund will provide information 

regarding the changes through the CDFI 

Fund’s Web site. There is no right to 

appeal the CDFI Fund’s award 

decisions. The CDFI Fund’s award 

decisions are final. 

(6) Anticipated Award 

Announcement: The CDFI Fund 

anticipates making CMF Award 

announcements in Spring 2016. 

VI. Federal Award Administration 

Information 

A. Award Notification: Each 

successful Applicant will receive an 

email ‘‘notice of award’’ notification 

from the CDFI Fund stating that its 

Application has been approved for an 

award. Each Applicant not selected for 

an award will receive an email stating 

that a debriefing notice has been 

provided in its AMIS account. 

B. Administrative and National Policy 

Requirements: The CDFI Fund may, in 

its discretion and without advance 

notice to the Recipient, terminate the 

award or take other actions as it deems 

appropriate if, prior to entering into an 

Assistance Agreement, information 

(including an administrative error) 

comes to the CDFI Fund’s attention that 

adversely affects: The Recipient’s 

eligibility for an award; the CDFI Fund’s 

evaluation of the Application; the 

Recipient’s compliance with any 

requirement listed in the Uniform 

Requirements; or indicates fraud or 

mismanagement on the Recipient’s part. 

If the Recipient’s certification status 

as a CDFI changes, the CDFI Fund 

reserves the right, in its sole discretion, 

to re-calculate the CMF Award, modify 

the Notice of Award, and modify the 

Assistance Agreement based on the 

Recipient’s non-CDFI status. 

By executing an Assistance 

Agreement, the Recipient agrees that, if 

the CDFI Fund becomes aware of any 

information (including an 

administrative error) prior to the 

Effective Date of the Assistance 

Agreement that either adversely affects 

the Recipient’s eligibility for an CMF 

Award, or adversely affects the CDFI 

Fund’s evaluation of the Award 

Recipient’s Application, or indicates 

fraud or mismanagement on the part of 

the Recipient, the CDFI Fund may, in its 

discretion and without advance notice 

to the Recipient, terminate the 

Assistance Agreement or take other 

actions as it deems appropriate. 

The CDFI Fund reserves the right, in 

its sole discretion, to rescind an award 

if the Recipient fails to return the 

Assistance Agreement, signed by the 

authorized representative of the award 

Recipient, and/or provide the CDFI 

Fund with any other requested 

documentation, within the CDFI Fund’s 

deadlines. 

In addition, the CDFI Fund reserves 

the right, in its sole discretion, to 

terminate and rescind the Assistance 

Agreement and the award made under 

this NOFA for any criteria described in 

the following table: 


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TABLE 6—REQUIREMENTS PRIOR TO EXECUTING AN ASSISTANCE AGREEMENT

Requirement Criteria 

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

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

bond loan agreement(s), or agreement to guarantee, as of the date of the Notice of Award, the CDFI 

Fund reserves the right, in its sole discretion, to delay entering into an Assistance Agreement and/or to 

delay making a Payment of CMF Award, until said prior Recipient or Allocatee is current on the reporting 

requirements in the previously executed assistance, award, allocation, bond loan agreement(s), or 

agreement to guarantee. Please note that automated systems employed by the CDFI Fund for receipt of 

reports submitted electronically typically acknowledge only a report’s receipt; such acknowledgment does 

not warrant that the report received was complete, nor that it met reporting requirements. If said prior 

Recipient or Allocatee is unable to meet this requirement within the timeframe set by the CDFI Fund, the 

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

CMF Award made under this NOFA. 

Failure to maintain CDFI Certification.A Recipient must be a Certified CDFI or a Nonprofit Organization prior to entering into an Assistance 

Agreement. 

Pending resolution of noncompliance.If, at any time prior to entering into an Assistance Agreement under this NOFA, an Applicant that is a prior 

CDFI Fund award Recipient or Allocatee under any CDFI Fund program has submitted reports to the 

CDFI Fund that demonstrate noncompliance with a previous assistance, award, or allocation agreement, 

but the CDFI Fund has yet to make a final determination regarding whether or not the entity is in default 

of its previous assistance, award, allocation, bond loan agreement, or agreement to guarantee, 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 CMF Award, pending full resolution, in the sole determination of the CDFI 

Fund, of the noncompliance. 

If said prior Recipient or Allocatee 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 CMF Award made under this NOFA. 

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

is in default of a previously executed agreement with the CDFI Fund and the Recipient has been provided written notification of such determination, the CDFI Fund can delay entering into an Assistance 

Agreement, until the Recipient has cured the default, if applicable, by taking actions the CDFI Fund has 

specified within the specified timeframe. Further, if, at any time prior to entering into an Assistance 

Agreement, the CDFI Fund determines that a Recipient is noncompliant with an FY 2015 agreement, or 

with agreements for fiscal years thereafter, under any CDFI Fund program, the CDFI Fund can delay entering into an Assistance Agreement, until the Recipient has cured the noncompliance by taking actions 

the CDFI Fund has specified within the specified timeframe. If the Recipient is unable to meet the cure 

requirement, if applicable, within the specified timeframe, the CDFI Fund may terminate and rescind the 

Assistance Agreement and the CMF Award made under this NOFA. 

Final Default and Sanctions ............ If the CDFI Fund has found the Recipient in final default of a prior executed agreement and provided notification of sanctions, the CDFI Fund may terminate and rescind the Assistance Agreement and the CMF 

Award made under this NOFA within the time period specified in such notification. 

Compliance with Federal civil rights 

requirements.

The CDFI Fund will terminate and rescind the Assistance Agreement and the CMF Award made under this 

NOFA if, prior to entering into an Assistance Agreement under this NOFA, the Recipient receives a final 

determination, made within the last 3 years, in any proceeding instituted against the Recipient in, by, or 

before any court, governmental, or administrative body or agency, declaring that the CMF Award Recipient has violated the following laws: Title VI of the Civil Rights Act of 1964, as amended (42 

U.S.C.2000d); Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794); the Age Discrimination Act 

of 1975, (42 U.S.C. 6101–6107), and Executive Order 13166, Improving Access to Services for Persons 

with Limited English Proficiency. 

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 award Recipient is identified as ineligible to be a Recipient on the Do Not Pay database. 

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

Fund will deem the Recipient to be ineligible or require it to improve safety and soundness conditions 

prior to entering into an Assistance Agreement. 

C. Assistance Agreement: Each 

Applicant that is selected to receive an 

award under this NOFA must enter into 

an Assistance Agreement with the CDFI 

Fund in order to become a Recipient 

and receive Payment. Each CMF Award 

under this NOFA generally will have a 

period of performance that begins with 

the date of the notice of award and 

continues until the end of the 

Investment Period. However, the 

Assistance Agreement shall also include 

a 10-year affordability period in 

addition to the Investment Period. 

(1) The Assistance Agreement will set 

forth certain required terms and 

conditions of the CMF Award, which 

will include, but not be limited to: 

(a) The amount of the award; 

(b) The approved uses of the award; 

(c) The approved Service Area in 

which the award may be used; 

(d) Performance goals and measures; 

and 

(e) Reporting requirements for all 

Recipients. 

(2) The Assistance Agreement shall 

provide that, prior to any determination 

by the CDFI Fund that a Recipient has 

failed to comply substantially with the 

Act, the interim rule, or the 

environmental quality regulations, the 

CDFI Fund shall provide the Recipient 

with reasonable notice and opportunity 

for hearing. For failure by the Recipient 

to comply substantially with the 

Assistance Agreement, the CDFI Fund 

may: 


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(a) Require changes in the 

performance goals set forth in the 

Assistance Agreement; 

(b) Reduce or terminate the CMF 

Award; or 

(c) Require repayment of any CMF 

Award that has been distributed to the 

Recipient. 

(3) The Assistance Agreement shall 

also provide that, if the CDFI Fund 

determines noncompliance with the 

terms and conditions of the Assistance 

Agreement on the part of the Recipient, 

the CDFI Fund may: 

(a) Bar the Recipient from reapplying 

for any assistance from the CDFI Fund; 

or 

(b) Take such other actions as the 

CDFI Fund deems appropriate or as set 

forth in the Assistance Agreement. 

(4) In addition to entering into an 

Assistance Agreement, each Applicant 

selected to receive a CMF Award must 

furnish to the CDFI Fund an opinion 

from its legal counsel, the content of 

which will be further specified in the 

Assistance Agreement, which may 

include, among other matters, an 

opinion that: 

(a) The Recipient is duly formed and 

in good standing in the jurisdiction in 

which it was formed and the 

jurisdiction(s) in which it transacts 

business; 

(b) The Recipient has the authority to 

enter into the Assistance Agreement and 

undertake the activities that are 

specified therein; 

(c) The Recipient has no pending or 

threatened litigation that would 

materially affect its ability to enter into 

and carry out the activities specified in 

the Assistance Agreement; 

(d) The Recipient is not in default of 

its articles of incorporation or 

formation, bylaws or operating 

agreements, other organizational or 

establishing documents, or any 

agreements with the Federal 

government; and 

(e) The CMF affordability restrictions 

that are to be imposed by deed 

restrictions, covenants running with the 

land, or other CDFI Fund approved 

mechanisms are recordable and 

enforceable under the laws of the State 

and locality where the Recipient will 

undertake its CMF activities. 

D. Paperwork Reduction Act: Under 

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

chapter 35), an agency may not conduct 

or sponsor a collection of information, 

and an individual is not required to 

respond to a collection of information, 

unless it displays a valid OMB control 

number. If applicable, the CDFI Fund 

may inform Applicants that they do not 

need to provide certain Application 

information otherwise required. 

Pursuant to the Paperwork Reduction 

Act, the CMF Program Application has 

been assigned the following control 

number: 1559–0036. 

E. Reporting: The CDFI Fund will 

require each Recipient that receives a 

CMF Award through this NOFA to 

account for and report to the CDFI Fund 

on the use of the CMF Award. This will 

require Recipients to establish 

administrative controls, subject to 

applicable OMB Circulars and guidance. 

The CDFI Fund will collect information 

from each such Recipient on its use of 

the CMF Award at least once following 

Payment and more often if deemed 

appropriate by the CDFI Fund in its sole 

discretion. The CDFI Fund will provide 

guidance to Recipients outlining the 

format and content of the information 

required to be provided to describe how 

the funds were used. 

The CDFI Fund may collect 

information from each Recipient 

including, but not limited to, an Annual 

Report with the following components: 

TABLE 7—REPORTING REQUIREMENTS

Criteria Description 

Single Audit Narrative Report (or 

like report).

The Recipient must submit, via AMIS, a Single Audit Narrative Report for each year of its period of performance notifying the CDFI Fund whether it is required to have a single audit pursuant to OMB Single 

Audit requirements. 

Single Audit (if applicable) (or similar report).A Recipient that is a non-profit entity that expends $750,000 or more in Federal awards during its fiscal 

year must have a single audit conducted for that year. If a Recipient is required to complete a Single 

Audit Report, it should be submitted to the Federal Audit Clearinghouse. See 2 CFR part 200, subpart FAudit Requirements in the Uniform Federal Award Requirements. 

For-profit award Recipients will be required to complete and submit a similar report directly to the CDFI 

Fund. 

CMF Annual Report ........................ All Recipients must submit a CMF Annual Report to the CDFI Fund on uses of the CMF Award (including 

transactional data on eligible activities and Projects, and customer profiles) via the Community Investment Impact System (CIIS). 

Explanation of Noncompliance (as 

applicable) or successor report.

If the award Recipient fails to meet a performance goal or reporting requirements, it must submit the Explanation of Noncompliance via AMIS. 

Each Recipient is responsible for the 

timely and complete submission of the 

annual reporting documents. The CDFI 

Fund will use such information to 

monitor each Recipient’s compliance 

with the requirements set forth in the 

Assistance Agreement and to assess the 

impact of the CMF. The CDFI Fund 

reserves the right, in its sole discretion, 

to modify these reporting requirements 

if it determines it to be appropriate and 

necessary; however, such reporting 

requirements will be modified only after 

notice to Recipients. 

F. Financial Management and 

Accounting: The CDFI Fund will require 

Recipients to maintain financial 

management and accounting systems 

that comply with Federal statutes, 

regulations, and the terms and 

conditions of the CMF Award. These 

systems must be sufficient to permit the 

preparation of reports required by 

general and program specific terms and 

conditions, including the tracing of 

funds to a level of expenditures 

adequate to establish that such funds 

have been used in accordance with the 

Federal statutes, regulations, and the 

terms and conditions of the CMF 

Award. 

The cost principles used by 

Recipients must be consistent with 

Federal cost principles, must support 

the accumulation of costs as required by 

the principles, and must provide for 

adequate documentation to support 

costs charged to the CMF Award. In 

addition, the CDFI Fund will require 

Recipients to: Maintain effective 

internal controls; comply with 

applicable statutes, regulations, and the 

Assistance Agreement; evaluate and 

monitor compliance; take action when 

not in compliance; and safeguard 

personally identifiable information. 

VII. Agency Contacts 

A. Availability: The CDFI Fund will 

respond to questions and provide 

support concerning this NOFA and the 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
Federal Register / Vol. 81, No. 25 / Monday, February 8, 2016 / Notices 6595 

Application between the hours of 9:00 

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

date of the publication of this NOFA 

until the close of business on the third 

day preceding the Application deadline. 

The CDFI Fund will not respond to 

questions or provide support concerning 

the Application that are received after 

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

Application deadline. CDFI Fund IT 

support will be available until 5:00 p.m. 

ET on date of the Application deadline. 

Applications and other information 

regarding the CDFI Fund and its 

programs may be obtained from the 

CDFI Fund’s Web site at http://

www.cdfifund.gov/cmf. The CDFI Fund 

will post on its Web site responses to 

questions of general applicability 

regarding the CMF. 

B. The CDFI Fund’s contact 

information is as follows: 

TABLE 8—CONTACT INFORMATION

Type of question Telephone No. 

(not toll free) Email addresses 

CMF .............................................................................................................................................. 202–653–0421 cmf@cdfi.treas.gov. 

CDFI Certification ......................................................................................................................... 202–653–0423 ccme@cdfi.treas.gov. 

Compliance Monitoring and Evaluation ........................................................................................ 202–653–0423 ccme@cdfi.treas.gov. 

Information Technology Support .................................................................................................. 202–653–0422 AMIS@cdfi.treas.gov. 

For Information Technology support, 

the preferred method of contact is to 

submit a Service Request (SR) within 

AMIS. For the SR, select ‘‘General 

Inquiry’’ for the record type and select 

‘‘Cross Program-AMIS technical 

problem’’ for the type. 

C. Communication with the CDFI 

Fund: The CDFI Fund will use AMIS to 

communicate with Applicants and 

Recipients, using the contact 

information maintained in their 

respective AMIS accounts. Therefore, 

the Recipient and any Subsidiaries, 

signatories, and Affiliates must maintain 

accurate contact information (including 

contact persons and authorized 

representatives, email addresses, fax 

numbers, phone numbers, and office 

addresses) in its AMIS account(s). For 

more information about AMIS please 

see the Help documents posted at http:// 

amis.cdfifund.gov/s/Training. 

Authority: Pub. L. 110–289. 12 U.S.C. 

4701, 12 CFR part 1805, 12 CFR part 1807, 

12 CFR part 1815, 12 U.S.C. 4502. 

Dated: February 2, 2016. 

Mary Ann Donovan, 

Director, Community Development Financial 

Institutions Fund. 

[FR Doc. 2016–02372 Filed 2–3–16; 4:15 pm] 

BILLING CODE 4810–70–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Comment Request; Privacy 

of Consumer Financial Information 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury. 

ACTION: Notice and request for 

comment. 

SUMMARY: The OCC, as part of its 

continuing effort to reduce paperwork 

and respondent burden, invites the 

general public and other Federal 

agencies to take this opportunity to 

comment on a continuing information 

collection, as required by the Paperwork 

Reduction Act of 1995 (44 U.S.C. 

chapter 35) (PRA). 

Under the PRA, Federal agencies are 

required to publish notice in the 

Federal Register concerning each 

proposed collection of information, 

including each proposed extension of an 

existing collection of information and to 

allow 60 days for public comment in 

response to the notice. 

In accordance with the requirements 

of the PRA, the OCC may not conduct 

or sponsor, and the respondent is not 

required to respond to, an information 

collection unless it displays a currently 

valid Office of Management and Budget 

(OMB) control number. The OCC is 

soliciting comment concerning the 

renewal of its information collection 

titled, ‘‘Privacy of Consumer Financial 

Information.’’ 

DATES: Comments must be received by 

April 8, 2016. 

ADDRESSES: Because paper mail in the 

Washington, DC area and at the OCC is 

subject to delay, commenters are 

encouraged to submit comments by 

email, if possible. Comments may be 

sent to: Legislative and Regulatory 

Activities Division, Office of the 

Comptroller of the Currency, Attention: 

1557–0216, 400 7th Street SW., Suite 

3E–218, Mail Stop 9W–11, Washington, 

DC 20219. In addition, comments may 

be sent by fax to (571) 465–4326 or by 

electronic mail to prainfo@occ.treas.gov. 

You may personally inspect and 

photocopy comments at the OCC, 400 

7th Street SW., Washington, DC 20219. 

For security reasons, the OCC requires 

that visitors make an appointment to 

inspect comments. You may do so by 

calling (202) 649–6700 or, for persons 

who are deaf or hard of hearing, TTY, 

(202) 649–5597. Upon arrival, visitors 

will be required to present valid 

government-issued photo identification 

and submit to security screening in 

order to inspect and photocopy 

comments. 

All comments received, including 

attachments and other supporting 

materials, are part of the public record 

and subject to public disclosure. Do not 

include any information in your 

comment or supporting materials that 

you consider confidential or 

inappropriate for public disclosure. 

FOR FURTHER INFORMATION CONTACT: 

Shaquita Merritt, Clearance Officer, 

(202) 649–5490 or, for persons who are 

deaf or hard of hearing, TTY, (202) 649– 

5597, Legislative and Regulatory 

Activities Division, Office of the 

Comptroller of the Currency, 400 7th 

Street SW., Washington, DC 20219. 

SUPPLEMENTARY INFORMATION: Under the 

PRA, Federal agencies must obtain 

approval from the OMB for each 

collection of information they conduct 

or sponsor. ‘‘Collection of information’’ 

is defined in 44 U.S.C. 3502(3) and 5 

CFR 1320.3(c) to include agency 

requests or requirements that members 

of the public submit reports, keep 

records, or provide information to a 

third party. Section 3506(c)(2)(A) of the 

PRA (44 U.S.C. 3506(c)(2)(A)) requires 

Federal agencies to provide a 60-day 

notice in the Federal Register 

concerning each proposed collection of 

information, including each proposed 

extension of an existing collection of 

information, before submitting the 

collection to OMB for approval. To 

comply with this requirement, the OCC 

is publishing notice of the proposed 

collection of information set forth in 

this document. 


asabaliauskas on DSK5VPTVN1PROD with NOTICES