[Federal Register Volume 81, Number 32 (Thursday, February 18, 2016)]
[Notices]
[Pages 8342-8357]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-03222]


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

DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Native American CDFI Assistance Program (NACA Program) FY 2016 
Funding Round

    Funding Opportunity Title: Notice of Funds Availability (NOFA) 
inviting Applications for Financial Assistance (FA) awards or Technical 
Assistance (TA) grants under the Native American CDFI Assistance 
Program (NACA Program) FY 2016 Funding Round.
    Announcement Type: Announcement of funding opportunity.
    Funding Opportunity Number: CDFI-2016-NACA.
    Catalog of Federal Domestic Assistance (CFDA) Number: 21.020.
    KEY DATES:

                  Table 1--FY 2016 NACA Program Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
                                                                 Time (eastern daylight
             Description                       Deadline                time--EDT)           Submission method
----------------------------------------------------------------------------------------------------------------
CDFI Certification Applications......  March 18, 2016.........  5:00 p.m. EDT..........  Award Management
                                                                                          Information System
                                                                                          (AMIS).
SF424 (Application for Federal         March 18, 2016.........  11:59 p.m. EDT.........  Electronically via
 Assistance).                                                                             Grants.gov.
Last day to contact NACA Program       April 15, 2016.........  5:00 p.m. EDT..........  CDFI Fund Helpdesk: 202-
 staff.                                                                                   653-0421 or
                                                                                          <a href="/cdn-cgi/l/email-protection#5d3e393b343538312d1d3e393b3473292f383c2e733a322b"><span class="__cf_email__" data-cfemail="771413111e1f121b07371413111e59030512160459101801">[email protected]</span></a>.
NACA Program Application for           April 18, 2016.........  11:59 p.m. EDT.........  Electronically via
 Financial Assistance (FA) or                                                             Grants.gov and Awards
 Technical Assistance (TA).                                                               Management Information
                                                                                          System (AMIS).
----------------------------------------------------------------------------------------------------------------

    Executive Summary: Through the NACA Program, the CDFI Fund provides 
(i) FA awards of up to $1 million to Certified Community Development 
Financial Institutions (CDFIs) serving Native American, Alaska Native, 
or Native Hawaiian populations or Native American areas defined as 
Federally-designated reservations, Hawaiian homelands, Alaska Native 
Villages and U.S. Census Bureau-designated Tribal Statistical Areas 
(collectively, ``Native Communities'') to build their financial 
capacity to lend to their Target Markets, and (ii) TA grants of up to 
$150,000 to build Certified, Certifiable, and Emerging CDFIs' 
organizational capacity to serve their Target Markets and Sponsoring 
Entities ability to create Certified CDFIs that serve Native 
Communities. All awards provided through this NOFA are subject to 
funding availability.

I. Program Description

    A. History: The CDFI Fund was established by the Riegle Community 
Development Banking and Financial Institutions Act of 1994 to promote 
economic revitalization and community development through investment in 
and assistance to CDFIs. Since its creation in 1994, the CDFI Fund has 
awarded over $2 billion to CDFIs, community development organizations, 
and financial institutions through the Community Development Financial 
Institutions Program (CDFI Program), the Native American CDFI 
Assistance Program (NACA Program), the Bank Enterprise Award Program 
(BEA Program), the Capital Magnet Fund, 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.
    B. Priorities: Through the NACA Program's FA awards and TA grants, 
the CDFI Fund invests in and builds the capacity of for-profit and non-
profit community based lending organizations known as Community 
Development Financial Institutions, or CDFIs. These organizations, 
Certified as CDFIs by the CDFI Fund, serve Native Communities.
    C. Program Regulations: 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, in general, the NACA Program, setting forth 
evaluation criteria and other program requirements.

[[Page 8343]]

The CDFI Fund encourages Applicants to review the Regulations, this 
NOFA, the Application, and the Uniform Administrative Requirements, 
Cost Principles, and Audit Requirements for Federal Awards (2 CFR part 
200; 78 FR 78590) (Uniform Administrative Requirements) for a complete 
understanding of the NACA Program. Capitalized terms in this NOFA are 
defined in the Regulations, this NOFA, the Application, or the Uniform 
Administrative Requirements. Details regarding Application content 
requirements are found in the Application and related materials.
    D. Uniform Administrative Requirements, Cost Principles, and Audit 
Requirements for Federal Awards (2 CFR part 200): The Uniform 
Administrative Requirements codifies financial, administrative, 
procurement, and program management standards that Federal award 
agencies must follow. 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 includes guidance on audit requirements and 
other award compliance requirements for award Recipients.
    E. Funding limitations: The CDFI Fund reserves the right to fund, 
in whole or in part, any, all, or none of the Applications submitted in 
response to this NOFA. The CDFI Fund also reserves the right to 
reallocate funds from the amount that is anticipated to be available 
through this NOFA to other CDFI Fund initiatives that are designed to 
benefit Native American, Native Hawaiian, and Alaskan Native 
communities, particularly if the CDFI Fund determines that the number 
of awards made through this NOFA is fewer than projected.

II. Federal Award Information

    A. Funding Availability:
    1. FY 2016 Funding Round: The CDFI Fund expects to award, through 
this NOFA, approximately $15.5 million as indicated in the following 
table:

                           Table 2--FY 2016 Funding Round Anticipated Category Amounts
----------------------------------------------------------------------------------------------------------------
                                     Estimated             Award amount
     Funding categories (see       total amount  --------------------------------    Estimated    Average amount
     definition in Table 7)        to be awarded                                     number of    awarded in  FY
                                    (millions)        Minimum         Maximum         awards           2015
----------------------------------------------------------------------------------------------------------------
FA..............................           $12.5        $100,000      $1,000,000              21        $606,000
TA..............................               3          10,000         150,000              21         143,000
                                 -------------------------------------------------------------------------------
    Total.......................            15.5  ..............  ..............              40  ..............
Healthy Food Financing                        22         500,000       5,000,000              11       2,000,000
 Initiative--Financial
 Assistance (HFFI-FA) *.........
----------------------------------------------------------------------------------------------------------------
* HFFI-FA appropriation will be allocated in one competitive round between the NACA and CDFI Program NOFAs.

    The CDFI Fund reserves the right to award more or less than the 
amounts cited above in each category, based upon available funding and 
other factors, as appropriate.
    2. Funding Availability for the FY 2016 Funding Round: Funds for 
the FY 2016 Funding Round were appropriated in the Consolidated 
Appropriations Act, 2016 (Pub. L. 114-113).
    3. Anticipated Start Date and Period of Performance: The CDFI Fund 
anticipates the period of performance for the FY 2016 Funding Round 
will begin in September 2016. Specifically, the period of performance 
for TA grants begins with the date of the notice of the award and 
includes either (i) an Emerging or Certified CDFI award Recipient's two 
full consecutive fiscal years after the date of the notice of the award 
or (ii) a Sponsoring Entity award Recipient's four full consecutive 
fiscal years after the date of the notice of the award, during which 
the Recipient must meet the performance goals set forth in the 
Assistance Agreement. The period of performance for FA awards includes 
an award Recipient's three full consecutive fiscal years after the date 
of the notice of the award, during which time the Recipient must meet 
its performance goals.
    B. Types of Awards: Through the NACA Program, the CDFI Fund 
provides two types of awards: Financial Assistance (FA) and Technical 
Assistance (TA) awards. An Applicant may submit an Application for a TA 
grant or an FA award, but not both.
    1. FA Awards: FA awards can be in the form of loans, grants, Equity 
Investments, deposits and credit union shares. The form of the FA award 
is based on the form of the matching funds that the Applicant includes 
in its Application, unless Congress waives the matching funds 
requirement. Matching funds are required for FA awards, must be from 
non-Federal sources, and cannot have been used as matching funds for 
any other Federal award. The CDFI Fund reserves the right, in its sole 
discretion, to provide an FA award in an amount other than that which 
the Applicant requests; however, the award amount will not exceed the 
Applicant's award request as stated in its Application.
    2. Healthy Food Financing Initiative--Financial Assistance (HFFI-
FA) Awards: HFFI-FA awards will be provided as a supplement to FA 
awards; therefore, only those Applicants that have been selected to 
receive an FA award through the NACA Program FY 2016 Funding Round will 
be eligible to receive an HFFI-FA award. HFFI-FA awards can be in the 
form of loans, grants, Equity Investments, deposits and credit union 
shares. The form of the HFFI-FA award is based on the form of the 
matching funds that the Applicant includes in its Application, unless 
Congress waives the matching funds requirement. Matching funds are 
required for HFFI-FA awards, must be from non-Federal sources, and 
cannot have been used as matching funds for any other Federal award. 
The CDFI Fund reserves the right, in its sole discretion, to provide an 
HFFI-FA award in an amount other than that which the Applicant 
requests; however, the award amount will not exceed the Applicant's 
award request as stated in its Application.
    3. TA Grants: TA is provided in the form of grants. The CDFI Fund 
reserves the right, in its sole discretion, to provide a TA grant in an 
amount other than which the Applicant requests; however, the TA grant 
amount will not

[[Page 8344]]

exceed the Applicant's request as stated in its Application and the 
applicable budget chart.
    C. Eligible Activities:
    1. FA Awards:
    FA and HFFI-FA award funds can be expended for activities in the 
following five categories: (i) Financial Products; (ii) Financial 
Services; (iii) Loan Loss Reserves; (iv) Development Services; and (v) 
Capital Reserves. FA awards can only be used for direct costs 
associated with an eligible activity; no indirect expenses are allowed. 
Up to 15 percent of the FA award can be used for Direct Administrative 
Expenses associated with an eligible FA activity. For purposes of this 
NOFA, the five eligible activity categories are defined as follows:

          Table 3--FA and HFFI-FA Eligible Activity Categories
------------------------------------------------------------------------
                                                          Eligible CDFI
     FA eligible activity        FA eligible activity      institution
                                      definition              types
------------------------------------------------------------------------
i. Financial Products.........  FA expended as loans,   All.
                                 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.
ii. Financial Services........  FA expended for         Insured
                                 providing checking,     Depository
                                 savings accounts,       Institutions
                                 check cashing, money    only.
                                 orders, certified
                                 checks, automated
                                 teller machines,
                                 deposit taking, safe
                                 deposit box services,
                                 and other similar
                                 services.
iii. Loan Loss Reserves.......  FA set aside in the     All.
                                 form of cash
                                 reserves, or through
                                 accounting-based
                                 accrual reserves, to
                                 cover losses on
                                 loans, accounts, and
                                 notes receivable made
                                 in the Applicant's
                                 Target Market, or for
                                 related purposes that
                                 the CDFI Fund deems
                                 appropriate.
iv. Development Services......  FA expended for         All.
                                 activities undertaken
                                 by a CDFI, its
                                 Affiliate or
                                 contractor that
                                 promote community
                                 development and shall
                                 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; home
                                 ownership counseling;
                                 and business planning
                                 and management
                                 assistance.
v. Capital Reserves...........  FA set aside as         Insured
                                 reserves to support     Depository
                                 the Applicant's         Institutions
                                 ability to leverage     only.
                                 other capital, for
                                 such purposes as
                                 increasing its net
                                 assets or serving the
                                 financing needs of
                                 its Target Market, or
                                 for related purposes
                                 as the CDFI Fund
                                 deems appropriate.
------------------------------------------------------------------------

    2. TA Grants:
    TA grant funds can be expended for the following seven eligible 
activity categories: (i) Compensation--personal services; (ii) 
Compensation--fringe benefits; (iii) Professional Service Costs; (iv) 
Travel Costs; (v) Training and Education Costs; (vi) Equipment and 
other capital expenditures; and (vii) Supplies. Each of the eligible 
activity categories will not be authorized for indirect costs and an 
associated indirect cost rate. For purposes of this NOFA, the seven 
eligible activity categories are defined as follows:

                Table 4--TA Eligible Activity Categories
------------------------------------------------------------------------
 
------------------------------------------------------------------------
(i) Compensation--personal          TA paid to cover salaries of the
 services.                           Applicant's personnel that are paid
                                     currently or accrued by the
                                     Applicant for work performed
                                     directly related to carrying out
                                     the purpose of the TA grant
                                     (including activities related to
                                     becoming certified as a CDFI),
                                     subject to the applicable
                                     provisions of the Uniform
                                     Administrative Requirements.
(ii) Compensation--fringe benefits  TA paid to cover costs of the
                                     Applicant's personnel employment
                                     (other than the employees' salaries
                                     income) in proportion to the salary
                                     charged to the TA grant, to the
                                     extent that such payments are made
                                     under formally established and
                                     consistently applied organizational
                                     policies, subject to the applicable
                                     provisions of the Uniform
                                     Administrative Requirements.
(iii) Professional service costs..  TA used to pay for professional and
                                     consultant services rendered by
                                     persons who are members of a
                                     particular profession or possess a
                                     special skill, and who are not
                                     officers or employees of the
                                     Recipient, subject to the
                                     applicable provisions of the
                                     Uniform Administrative
                                     Requirements. Payment for a
                                     consultant's services may not
                                     exceed the daily equivalent of the
                                     current maximum rate paid to an
                                     Executive Schedule Level IV Federal
                                     employee.
(iv) Travel costs.................  TA used to pay expenses for
                                     transportation, lodging,
                                     subsistence, and related items
                                     incurred by the Applicant's
                                     personnel who are on travel status
                                     on business related to the TA
                                     grant, subject to the applicable
                                     provisions of the Uniform
                                     Administrative Requirements.
(v) Training and education costs..  TA used to pay the cost of training
                                     and education provided for employee
                                     development, subject to the
                                     applicable provisions of the
                                     Uniform Administrative
                                     Requirements.

[[Page 8345]]

 
(vi) Equipment....................  TA 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
                                     and subject to the applicable
                                     provisions of the Uniform
                                     Administrative Requirements.
                                     Examples include office equipment,
                                     furnishings, and information
                                     technology equipment and systems.
(vii) Supplies....................  TA used to pay for tangible personal
                                     property with a per unit
                                     acquisition of less than $5,000 and
                                     subject to the applicable
                                     provisions of the Uniform
                                     Administrative Requirements.
------------------------------------------------------------------------

III. Eligibility Information

    A. Eligible Applicants: For the purposes of this NOFA, the 
following tables set forth the eligibility criteria to receive an award 
from the CDFI Fund, along with certain definitions of terms. There are 
four categories of Applicant eligibility criteria: (1) CDFI 
certification criteria (Table 5); (2) requirements that apply to all 
Applicants (Table 6); (3) requirements that apply to TA Applicants 
(Table 7); and (4) requirements that apply to FA Applicants (Table 8).

            Table 5--CDFI Certification Criteria Definitions
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Certified CDFI....................  <bullet> An entity that the CDFI
                                     Fund has officially notified that
                                     it meets all CDFI certification
                                     requirements.
Certifiable CDFI..................  <bullet> An entity that has
                                     submitted a CDFI Certification
                                     Application to the CDFI Fund
                                     demonstrating that it meets the
                                     CDFI certification requirements but
                                     which has not yet been officially
                                     certified.
                                    <bullet> The CDFI Fund will not
                                     enter into an Assistance Agreement
                                     or make an FA award payment unless
                                     and until an Applicant is a
                                     Certified CDFI.
Emerging CDFI.....................  <bullet> A non-Certified entity that
                                     has not submitted a CDFI
                                     Certification Application but
                                     demonstrates to the CDFI Fund that
                                     it has an acceptable plan to meet
                                     certification requirements by the
                                     end of its period of performance,
                                     or another date that the CDFI Fund
                                     selects.
                                    <bullet> An Emerging CDFI that has
                                     prior award(s) will be held to the
                                     CDFI certification performance goal
                                     and measure(s) stated in its prior
                                     Assistance Agreement(s).
                                    <bullet> Emerging CDFIs may only
                                     apply for TA grants; they are not
                                     eligible to apply for FA awards.
                                    <bullet> Each Emerging CDFI selected
                                     to receive a TA grant will be
                                     required to become a Certified CDFI
                                     by a date specified in the
                                     Assistance Agreement.
Sponsoring Entity.................  <bullet> Sponsoring Entities include
                                     any legal organization that
                                     primarily serves Native Community
                                     with ``primary'' meaning, at least
                                     50 percent of its activities are
                                     directed toward the Native
                                     Community.
                                    <bullet> An eligible organization
                                     that proposes to create a separate
                                     legal organization that will become
                                     a Certified CDFI serving Native
                                     Communities.
                                    <bullet> Sponsoring Entities may
                                     only apply for TA grants; they are
                                     not eligible to apply for FA
                                     awards.
                                    <bullet> Each Sponsoring Entity
                                     selected to receive a TA grant will
                                     be required to create and certify
                                     an Emerging CDFI by the dates
                                     specified in the Assistance
                                     Agreement.
Definition of Native Other          The CDFI Fund uses the following
 Targeted Population as Target       definitions, set forth in the
 Market.                             Office of Management and Budget
                                     (OMB) Notice, Revisions to the
                                     Standards for the Classification of
                                     Federal Data on Race and Ethnicity
                                     (October 30, 1997), as amended and
                                     supplemented:
                                       (a) American Indian, Native
                                        American, or Alaska Native: A
                                        person having origins in any of
                                        the original peoples of North
                                        and South America (including
                                        Central America) and who
                                        maintains tribal affiliation or
                                        community attachment; and
                                       (b) Native Hawaiian (living in
                                        Hawaii): A person having origins
                                        in any of the original peoples
                                        of Hawaii.
------------------------------------------------------------------------


           Table 6--Eligibility Requirements for All Applicants
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Applicant.........................  <bullet> Only the entity that will
                                     carry out the proposed award
                                     activities can apply for an award
                                     (e.g., the intended award
                                     Recipient).
                                    <bullet> 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.
                                    <bullet> An Applicant that applies
                                     on behalf of another organization
                                     will be rejected without further
                                     consideration, except for
                                     Depository Institution Holding
                                     Companies (see below).
Application type and submission     <bullet> Applicants must submit the
 overview through Grants.gov and     required application documents
 Awards Management Information       listed in Table 10.
 System (AMIS).                     <bullet> The CDFI Fund will only
                                     accept Applications that use the
                                     official application templates
                                     provided on the Grants.gov and AMIS
                                     Web sites. Applications submitted
                                     with alternative or altered
                                     templates will not be considered.
                                    <bullet> Applicants have a two-step
                                     process that requires the
                                     submission of application documents
                                     on two separate deadlines and
                                     locations: 1) Grants.gov and 2)
                                     AMIS.
                                       [cir] Grants.gov: Applicants must
                                        submit the OMB SF-424,
                                        Application for Federal
                                        Assistance.
                                       [cir] AMIS: Applicants must
                                        submit all other required
                                        application materials.
                                       [cir] All Applicants must
                                        register in the Grants.gov and
                                        AMIS systems to successfully
                                        submit an application. The CDFI
                                        Fund strongly encourages
                                        applicants to register early as
                                        possible.

[[Page 8346]]

 
                                    <bullet> Grants.gov and the SF-424:
                                    [cir] The SF-424 must be submitted
                                     in Grants.gov on or before March
                                     18, 2016, the deadline listed in
                                     Table 1 and Table 11. Applicants
                                     are strongly encouraged to submit
                                     their SF-424 as early as possible
                                     in the Grants.gov portal.
                                       [cir] The deadline for the
                                        Grants.gov submission is before
                                        the AMIS deadline.
                                       [cir] If the SF-424 is not
                                        accepted by Grants.gov by the
                                        deadline, the CDFI Fund will not
                                        review any material submitted in
                                        AMIS and the application will be
                                        deemed ineligible.
                                    <bullet> AMIS:
                                       [cir] AMIS is a new enterprise-
                                        wide information technology
                                        system that is replacing the
                                        myCDFI Fund portal and which
                                        will be used to submit and store
                                        organization and application
                                        information with the CDFI Fund.
                                       [cir] Applicants are only allowed
                                        one submission in AMIS.
                                       [cir] Only the Authorized
                                        Representative or Application
                                        Point of Contact can submit the
                                        Application in AMIS.
                                       [cir] All other required
                                        application materials must be
                                        submitted in AMIS on or before
                                        the deadline specified in Tables
                                        1 and 11.
Employer Identification Number      <bullet> Applicants must have a
 (EIN).                              unique EIN assigned by the IRS.
                                    <bullet> The CDFI Fund will reject
                                     an Application submitted with the
                                     EIN of a parent or Affiliate
                                     organization.
DUNS number.......................  <bullet> Pursuant to OMB guidance
                                     (68 FR 38402), an Applicant must
                                     apply using its unique DUNS number
                                     in Grants.gov.
                                    <bullet> The CDFI Fund will reject
                                     an Application submitted with the
                                     DUNS number of a parent or
                                     Affiliate organization.
Awards Management Information       <bullet> Each Applicant must
 System (AMIS).                      register as an organization in AMIS
                                     and submit all required application
                                     materials through this portal.
                                    <bullet> The Authorized
                                     Representative and/or Application
                                     point of contact must be included
                                     as ``users'' in the Applicant's
                                     AMIS account.
                                    <bullet> An Applicant that fails to
                                     properly register and update its
                                     AMIS account may miss important
                                     communication from the CDFI Fund or
                                     not be able to successfully submit
                                     an Application.
501 (c)(4) status.................  <bullet> 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 a
                                     NACA Program award.
Compliance with Federal civil       <bullet> An Applicant may not be
 rights requirements.                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 three
                                     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.
Depository Institution Holding      <bullet> In the case where a CDFI
 Company Applicant.                  Depository Institution Holding
                                     Company Applicant intends to carry
                                     out the activities of an award
                                     through its CDFI Subsidiary Insured
                                     Depository Institution, the
                                     Application must be submitted by
                                     the CDFI Depository Institution
                                     Holding Company and reflect the
                                     consolidated activities and
                                     financial performance of the CDFI
                                     Subsidiary Insured Depository
                                     Institution.
                                    <bullet> Authorized representatives
                                     of both the Depository Institution
                                     Holding Company and the CDFI
                                     Subsidiary Insured Depository
                                     Institution must certify that the
                                     information included in the
                                     Application represents that of the
                                     CDFI Subsidiary Insured Depository
                                     Institution and that the award
                                     funds will be used to support the
                                     CDFI Subsidiary Insured Depository
                                     Institution for the eligible
                                     activities outlined in the
                                     Application.
Insured CDFI--Insured Credit Union  <bullet> To be eligible for an
 and Insured Depository              award, each Insured Depository
 Institution.                        Institution Applicant must have a
                                     CAMELS/CAMEL (rating for banks and
                                     credit unions, respectively), by
                                     its Federal regulator of at least
                                     ``4.''
                                    <bullet> Organizations with CAMELS/
                                     CAMEL ratings of ``5'' will not be
                                     eligible for awards.
Use of award......................  <bullet> All awards made through
                                     this NOFA must be used to support
                                     the Applicant's activities in at
                                     least one of the FA or TA Eligible
                                     Activity Categories (see Section
                                     II.C).
                                    <bullet> Awards cannot 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
                                     (except Depository Institution
                                     Holding Company Applicants.)
Requested award amount for          <bullet> An Applicant must state its
 eligible activities.                requested award amount and proposed
                                     eligible activities in the ``Award
                                     Request Table'' of the Purpose
                                     section of the Application.
                                    <bullet> An Applicant that does not
                                     fully complete the ``Award Request
                                     Table'' of the Purpose Application
                                     section in the AMIS Web site will
                                     not be allowed to submit an
                                     Application.
Pending resolution of               <bullet> The CDFI Fund will consider
 noncompliance.                      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 award
                                     agreement(s).
Default or Noncompliance status...  <bullet> 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 award 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.
                                    <bullet> The CDFI Fund will not
                                     consider any Applicant that has
                                     defaulted on a CDFI Program loan
                                     within five years of the
                                     Application deadline.

[[Page 8347]]

 
Undisbursed award funds and         <bullet> An Applicant that has funds
 calculations (general).             from a prior award that have not
                                     been disbursed, as defined in (a)-
                                     (d) below, as of the Application
                                     deadline will not be eligible for
                                     an award.
                                       (a) The CDFI Fund will include
                                        the combined undisbursed award
                                        funds of the Applicant and its
                                        Affiliates.
                                       (b) Balances on undisbursed award
                                        funds cannot exceed five 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 five 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;
                                        or (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.
------------------------------------------------------------------------


           Table 7--Eligibility Requirements for TA Applicants
------------------------------------------------------------------------
 
------------------------------------------------------------------------
CDFI certification status.........  <bullet> Certified, Certifiable,
                                     Emerging CDFIs, or Sponsoring
                                     Entities (see definitions in Table
                                     5).
Matching funds....................  <bullet> Matching funds
                                     documentation is not required for
                                     TA awards.
Limitation on Awards..............  <bullet> An Emerging CDFI serving
                                     Native Communities will be allowed
                                     to receive no more than three TA
                                     awards as an uncertified CDFI.
                                    <bullet> A Sponsoring Entity is only
                                     eligible to apply for an award if
                                     (i) it does not have an active
                                     prior award or (ii) the
                                     certification goal in its active
                                     award's Assistance Agreement has
                                     been satisfied and it proposes to
                                     create another CDFI that will serve
                                     one or more Native Communities.
Target Market.....................  <bullet> TA Applicants must
                                     demonstrate that the Certified,
                                     Certifiable, Emerging CDFI, or the
                                     CDFI to be created by the
                                     Sponsoring Entity will primarily
                                     serve one or more Native Community
                                     as its Target Market.
------------------------------------------------------------------------


           Table 8--Eligibility Requirements for FA Applicants
------------------------------------------------------------------------
 
------------------------------------------------------------------------
CDFI certification status.........  <bullet> Each FA Applicant must be a
                                     Certified CDFI prior to the
                                     announcement of award decisions.
                                    <bullet> An Applicant that is in a
                                     cure period to remedy CDFI
                                     recertification deficiencies at the
                                     time of award announcements will
                                     not be eligible for an FA award
                                     under this NOFA.
Activities in Native Communities..  <bullet> For consideration under
                                     this NOFA, each FA Applicant must:
                                       [cir] Demonstrate that at least
                                        50 percent of its past
                                        activities were in one or more
                                        Native Communities; and
                                       [cir] describe how it will target
                                        its lending/investing activities
                                        to one or more Native
                                        Communities.
Target Market.....................  <bullet> For consideration under
                                     this NOFA, an FA Applicant's
                                     certification Target Market must
                                     have one or more of the following
                                     characteristics:
                                       [cir] For qualifying with an
                                        investment area Target Market,
                                        the Applicant must demonstrate
                                        that the investment area
                                        approved for certification is
                                        also a geographic area of
                                        Federally-designated
                                        reservations, Hawaiian
                                        homelands, Alaska Native
                                        Villages and U.S. Census Bureau
                                        designated Tribal Statistical
                                        Areas; and/or
                                       [cir] For qualifying with an
                                        Other Targeted Population (OTP)
                                        Target Market, the applicant's
                                        Target Market approved for
                                        certification must be an OTP of
                                        Native Americans or American
                                        Indians, including Alaska
                                        Natives living in Alaska and
                                        Native Hawaiians living in
                                        Hawaii.
                                    <bullet> Any FA Applicant whose
                                     certification Target Market does
                                     not meet either of the conditions
                                     above will not be eligible for an
                                     FA award under this NOFA.
Community Partnership.............  <bullet> All FA Applicants must
                                     demonstrate strong Community
                                     Partnerships with Native
                                     Communities.
Matching funds documentation......  <bullet> All Applicants must submit
                                     acceptable documentation that they
                                     have received or will receive
                                     matching funds. Applications that
                                     do not submit acceptable matching
                                     funds documentation will not be
                                     evaluated.
                                    <bullet> Awards will be limited to
                                     no more than two times the amount
                                     of In-Hand or Committed matching
                                     funds documentation provided at the
                                     time of Application.
                                    <bullet> Awards will be obligated in
                                     like form to the matching funds
                                     provided at time of Application.
                                     See Table 9. Matching Funds
                                     ``Determination of Award Form'' for
                                     additional guidance.
                                    <bullet> Award payments from the
                                     CDFI Fund will require eligible
                                     dollar-for-dollar In-Hand matching
                                     funds for the total payment amount.
                                     Recipients will not receive a
                                     payment until 100 percent of their
                                     matching funds are In-Hand.
                                    <bullet> The first payment is the
                                     estimated amount of award that the
                                     Recipient will use for eligible FA
                                     activities in the first 12 months
                                     after the award.
                                    <bullet> The CDFI Fund will reduce
                                     and de-obligate the remaining
                                     balance of any Award that does not
                                     demonstrate full dollar-for-dollar
                                     matching funds equal to the
                                     announced award amount by the end
                                     of the Matching Funds Window.
$5 Million funding cap............  <bullet> The CDFI Fund is prohibited
                                     from obligating more than $5
                                     million in CDFI and NACA Program
                                     awards, in the aggregate, to any
                                     one organization and its
                                     Subsidiaries and Affiliates during
                                     any three-year period.

[[Page 8348]]

 
                                    <bullet> For purposes of this NOFA,
                                     the CDFI Fund will include CDFI and
                                     NACA Program final awards in the
                                     cap calculation that were provided
                                     to an Applicant (and/or its
                                     Subsidiaries or Affiliates) under
                                     the FY 2014, and 2015 funding
                                     rounds, as well as the requested FY
                                     2016 award, excluding HFFI-FA
                                     awards. The CDFI Fund will make the
                                     FY 2016 funding round award
                                     announcements after September 23,
                                     2016.
HFFI-FA...........................  <bullet> All HFFI-FA Applicants
                                     must:
                                       [cir] Apply for an NACA FA award;
                                       [cir] Meet all NACA FA award
                                        eligibility requirements; and
                                       [cir] Complete and submit a NACA
                                        Program Financial Assistance
                                        Application along with the HFFI-
                                        FA Application
                                       [cir] Provide a HFFI-FA award
                                        request amount in the ``Award
                                        Request Table'' of the Purpose
                                        section in the Application.
------------------------------------------------------------------------

    B. Matching Funds Requirements: In order to receive an FA award, an 
Applicant must provide documentation of eligible dollar-for-dollar 
matching funds. The CDFI Fund will review matching funds documentation 
prior to award payment and will pay funds based upon eligible In-Hand 
matching funds (see Table 9 for the definition of In-Hand). The CDFI 
Fund encourages Applicants to review the Regulations at 12 CFR 
1805.500, the Uniform Administrative Requirements, and the matching 
funds guidance materials, which is available on the CDFI Fund's Web 
site and Grants.gov. Table 9 provides a summary of the matching funds 
requirements; additional details are set forth in the Application 
materials.

                  Table 9--Matching Funds Requirements
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Matching funds requirements by      The following Applicants must
 application type.                   provide documentation of acceptable
                                     matching funds:
                                       <bullet> NACA FA Applicants (upon
                                        request)*;
                                       <bullet> HFFI-FA Applicants.
                                        (upon request) *
                                       TA Applicants are not required to
                                        provide matching funds.
                                       * The matching funds requirement
                                        for HFFI-FA and NACA FA
                                        applicants was waived in the
                                        appropriations bill for FY 2016.
                                        HFFI-FA and NACA FA applicants
                                        are not required to submit
                                        matching funds for their award
                                        requests at the time of
                                        application.
Amount of required match..........  Applicants must submit supporting
                                     documentation of eligible, In-Hand,
                                     dollar-for-dollar, non-Federal
                                     matching funds for every FA award
                                     dollar to be paid by the CDFI Fund.
                                     If awarded, Applicants that did not
                                     demonstrate 100% In-Hand matching
                                     funds at the time of Application
                                     may experience a longer payment
                                     timeline.
Determination of award form.......  FA awards will be made in comparable
                                     form and value to the eligible In-
                                     Hand or Committed matching funds
                                     documentation submitted by the
                                     Applicant.
                                       <bullet> For example, if an FA
                                        Applicant provides documentation
                                        of eligible loan matching funds
                                        for $200,000 and $400,000 of its
                                        matching funds in the form of
                                        grant, the CDFI Fund will
                                        obligate $200,000 of the FA
                                        award as a loan and $400,000 as
                                        a grant.
                                       <bullet> After awards have been
                                        announced, Award Recipients may
                                        request the CDFI Fund's
                                        permission to change the form of
                                        their award from loan to grant
                                        (by producing eligible grant
                                        matching funds), but will only
                                        be eligible to receive a grant
                                        equal to the federal credit
                                        subsidy amount associated with
                                        the original loan. Applicants
                                        will also experience delays in
                                        payments if requested award form
                                        changes are approved by the CDFI
                                        Fund.
Matching Funds Window definition..  <bullet> The Applicant must receive
                                     eligible In-Hand matching funds
                                     between January 1, 2014 and January
                                     15, 2017.
                                    <bullet> An award Recipient must
                                     provide the CDFI Fund with all
                                     documentation demonstrating the
                                     receipt of In-Hand matching funds
                                     by January 31, 2017.
Matching funds and form of award..  <bullet> Recipients will be approved
                                     for a maximum award size of two
                                     times the total amount of eligible
                                     In-Hand and/or Committed matching
                                     funds documentation included in the
                                     Application, so long as they do not
                                     exceed the award amount limit.
                                    <bullet> The form of the matching
                                     funds documented in the Application
                                     determines the form of the award.
In-Hand matching funds definition.  <bullet> Matching funds are eligible
                                     and In-Hand when the Applicant
                                     receives payment for the matching
                                     funds and includes acceptable
                                     documentation in the Application,
                                     showing the source, form (e.g.,
                                     grant, loan, deposit, and Equity
                                     Investment), amount of the matching
                                     funds, and the date the funds came
                                     into physical possession of the
                                     applicant.
                                    <bullet> The following
                                     documentation, depending on the
                                     type of award being requested, must
                                     be included in the Application:
                                       <bullet> Loan--the loan agreement
                                        and/or promissory note;
                                       <bullet> grant--the grant letter
                                        or agreement for all grants of
                                        $100,000 or more;
                                       <bullet> Equity Investment--the
                                        stock certificate and
                                        shareholder agreement;
                                       <bullet> retained earnings--
                                        audits or call reports from
                                        regulating entity; and
                                       <bullet> third party in-kind
                                        contribution--evidence of
                                        receipt of contribution and
                                        valuation; AND
                                       <bullet> clearly legible
                                        documentation that demonstrates
                                        actual receipt of the matching
                                        funds including the date of the
                                        transaction and the amount, such
                                        as a copy of a check or a wire
                                        transfer statement.
                                    <bullet> Grants under $100,000 only
                                     require the source name, amount,
                                     date of receipt, and source contact
                                     information. Documentation of this
                                     information should be available if
                                     audited.

[[Page 8349]]

 
Committed matching funds            <bullet> Matching funds are
 definition.                         Committed when the Applicant has
                                     entered into or received a legally
                                     binding commitment from the
                                     matching funds source showing the
                                     matching funds will be disbursed to
                                     the Applicant at a future date.
                                    <bullet> The Applicant must provide
                                     the CDFI Fund acceptable written
                                     documentation showing the source,
                                     form, and amount of the Committed
                                     matching funds (including, in the
                                     case of a loan, the terms thereof),
                                     as well as the anticipated payment
                                     date of the Committed funds.
Limitations on matching funds.....  <bullet> Matching funds must be from
                                     non-Federal sources.
                                    <bullet> Applicants cannot proffer
                                     matching funds that were accepted
                                     as matching funds for a prior FA
                                     award under the CDFI Program, NACA
                                     Program, or under another Federal
                                     grant or award program.
                                    <bullet> Matching funds must comply
                                     with Regulations at 12 CFR 1805.500
                                     et seq.
                                    <bullet> Matching funds must be
                                     attributable to at least one of the
                                     five eligible FA activities (see
                                     Section II.C).
Rights of the CDFI Fund...........  <bullet> The CDFI Fund reserves the
                                     right to contact the matching funds
                                     source to discuss the matching
                                     funds and the documentation that
                                     the Applicant provided.
                                    <bullet> The CDFI Fund may grant an
                                     extension of the Matching Funds
                                     Window (defined in Table 9), on a
                                     case-by-case basis, if the CDFI
                                     Fund deems it appropriate.
                                    <bullet> The CDFI Fund reserves the
                                     right to rescind all or a portion
                                     of an FA award and re-allocate the
                                     rescinded award amount to other
                                     qualified Applicant(s), if an award
                                     Recipient fails to obtain In-Hand
                                     100 percent of the required
                                     Matching Funds during the Matching
                                     Funds Window.
Matching funds in the form of       <bullet> Third party in-kind
 third-party in-kind contributions.  contributions are the value of non-
                                     cash contributions (i.e., property
                                     or services) provided by non-
                                     Federal third parties.
                                    <bullet> Third party in-kind
                                     contributions will be considered to
                                     be in the form of a grant for
                                     matching funds purposes.
                                    <bullet> Third party in-kind
                                     contributions may be in the form of
                                     real property, equipment, supplies,
                                     and other expendable property, and
                                     the value of goods and services
                                     directly benefiting the eligible
                                     activities.
                                    <bullet> For third-party in-kind
                                     contributions, the fair market
                                     value of goods and services must be
                                     documented.
                                    <bullet> Applicants will be
                                     responsible for documenting the
                                     value of all in-kind contributions
                                     as described in the Uniform
                                     Administrative Requirements.
Matching funds in the form of a     <bullet> An FA award made in the
 loan.                               form of a loan will have the
                                     following standardized terms:
                                    <bullet> A 13-year term with semi-
                                     annual interest-only payments due
                                     in years 1 through 10, and fully
                                     amortizing payments due each year
                                     in years 11 through 13; and
                                    <bullet> A fixed interest rate of
                                     2.2 percent, which was calculated
                                     by the CDFI Fund based on the U.S.
                                     Department of the Treasury's 10-
                                     year Treasury note.
                                    <bullet> The Applicant's matching
                                     funds loan(s) must:
                                       i. Have a minimum of a 3-year
                                        term. Loans presented as
                                        matching funds with less than a
                                        3-year term will not qualify as
                                        eligible match; and
                                       ii. not be from a Federal source.
Severe Constraints Waiver.........  <bullet> Not more than 25 percent of
                                     the total funds available for
                                     obligation under this funding round
                                     may be matched under the Severe
                                     Constraints Waiver.
                                    <bullet> In the case of an Applicant
                                     demonstrating severe constraints on
                                     available sources of matching
                                     funds, the CDFI Fund, in its sole
                                     discretion, may permit such
                                     Applicant to comply with the
                                     matching funds requirements by
                                     reducing such requirements by up to
                                     50 percent.
                                    <bullet> In order to be considered
                                     eligible for a Severe Constraints
                                     Waiver, an Applicant must meet all
                                     of the NACA FA eligibility criteria
                                     described in Table 8 and follow the
                                     instructions in the Application
                                     materials.
Ineligible matching funds.........  <bullet> If the CDFI Fund determines
                                     that any portion of the Applicant's
                                     matching funds is ineligible, the
                                     CDFI Fund will permit the Applicant
                                     to offer documentation of
                                     alternative matching funds as a
                                     substitute for the ineligible
                                     matching funds.
                                    <bullet> In such instances:
                                       i. The Applicant must provide
                                        acceptable alternative matching
                                        funds documentation within the
                                        period of time specified by the
                                        CDFI Fund, and
                                       ii. the alternative matching
                                        funds documentation will not
                                        increase the total amount of FA
                                        requested.
Use of matching funds from a prior  If an Applicant offers matching
 CDFI Program Recipient.             funds documentation from an
                                     organization that was a prior
                                     Recipient under the CDFI Program,
                                     the Applicant must be able to prove
                                     to the CDFI Fund's satisfaction
                                     that such funds do not consist, in
                                     whole or in part, of CDFI Program
                                     funds or other Federal funds.
Matching funds in the form of       <bullet> Retained earnings are
 retained earnings.                  eligible for use as matching funds
                                     when the CDFI Fund calculates an
                                     amount equal to:
                                       i. The increase in retained
                                        earnings that occurred over any
                                        one of the Applicant's fiscal
                                        years within the Matching Funds
                                        Window, adjusted to remove
                                        revenue and expenses derived
                                        from Federal sources and
                                        matching funds previously used
                                        for an award; or
                                       ii. the annual average of such
                                        increases that occurred over any
                                        three consecutive fiscal years
                                        of the Applicant with at least
                                        one of the fiscal years
                                        occurring within the Matching
                                        Funds Window, adjusted to remove
                                        revenue and expenses derived
                                        from Federal sources and
                                        matching funds previously used
                                        for an award; or
                                       iii. any combination of (i) and
                                        (ii) above that does not include
                                        matching funds previously used
                                        for an award.
                                    <bullet> Retained earnings will be
                                     matched with an FA award in the
                                     form of a grant or an Equity
                                     Investment.

[[Page 8350]]

 
Special rule for Insured Credit     <bullet> An Insured Credit Union's
 Unions and Insured Depository       and Insured Depository
 Institutions.                       Institution's retained earnings are
                                     eligible for use as matching funds
                                     when the CDFI Fund calculates an
                                     amount equal to:
                                       i. The increase in retained
                                        earnings that occurred over any
                                        one of the Applicant's fiscal
                                        years within the Matching Funds
                                        Window, adjusted to remove
                                        revenue from Federal sources and
                                        matching funds previously used
                                        for an award; or
                                       ii. the annual average of such
                                        increases that occurred over any
                                        three consecutive fiscal years
                                        of the Applicant with at least
                                        one of the fiscal years
                                        occurring within the Matching
                                        Funds Window, adjusted to remove
                                        revenue and expenses derived
                                        from Federal sources and
                                        matching funds previously used
                                        for an award; or
                                       iii. the entire retained earnings
                                        that have been accumulated since
                                        the inception of the Applicant,
                                        as provided in the Regulations.
                                    <bullet> If option (iii) is used for
                                     Insured Credit Unions, the
                                     Applicant must increase its member
                                     and/or non-member shares and/or
                                     total loans outstanding by an
                                     amount equal to the amount of
                                     retained earnings committed as
                                     matching funds.
                                       <bullet> This increase will be
                                        measured on a quarterly basis
                                        from March 31, 2016, and must
                                        occur by the end of the
                                        Recipient's Year 1 of
                                        Performance Period, as set forth
                                        in its Assistance Agreement, and
                                        will be based on amounts
                                        reported in the Applicant's
                                        National Credit Union
                                        Administration (NCUA) form 5300
                                        Call Report.
                                       <bullet> The CDFI Fund will
                                        assess the likelihood of this
                                        increase during the Application
                                        review process.
                                       <bullet> An award will not be
                                        made to any Applicant that has
                                        not demonstrated in the relevant
                                        NCUA form 5300 Call Reports that
                                        it has increased shares and/or
                                        total loans outstanding by at
                                        least 25 percent of the
                                        requested FA award amount
                                        between December 31, 2014, and
                                        December 31, 2015.
                                       <bullet> The matching funds are
                                        not In-Hand until the Recipient
                                        has increased its member and/or
                                        non-member shares, deposits and/
                                        or total loans outstanding
                                        within the time period
                                        specified.
                                    <bullet> If option (iii) is used for
                                     Insured Depository Institutions or
                                     Depository Institution Holding
                                     Companies, the Applicant or its
                                     Subsidiary Insured Depository
                                     Institution (in the case of a
                                     Depository Institution Holding
                                     Company) must increase deposits and/
                                     or total loans outstanding by an
                                     amount equal to the amount of
                                     retained earnings committed as
                                     matching funds. Please note that
                                     Depository Institution Holding
                                     Company Applicants must use the
                                     call reports of the CDFI Subsidiary
                                     Insured Depository Institution that
                                     the requested FA award will
                                     support.
                                       <bullet> This increase will be
                                        measured on a quarterly basis
                                        from March 31, 2016, and must
                                        occur by the end of the
                                        Recipient's Year 1 of
                                        Performance Period, as set forth
                                        in its Assistance Agreement, and
                                        will be based on amounts
                                        reported in the Bank Call
                                        Report.
                                       <bullet> The CDFI Fund will
                                        assess the likelihood of this
                                        increase during the Application
                                        review process.
                                       <bullet> An award will not be
                                        made to any Applicant that has
                                        not demonstrated in the relevant
                                        call reports that it has
                                        increased deposits and/or total
                                        loans outstanding by at least 25
                                        percent of the requested FA
                                        award amount between December
                                        31, 2014, and December 31, 2015.
                                       <bullet> The matching funds are
                                        not In-Hand until the Recipient
                                        has increased its deposits and/
                                        or total loans outstanding
                                        within the time period
                                        specified.
                                    <bullet> All regulated Applicants
                                     utilizing the part (iii) Since
                                     Inception rule should refer to the
                                     Retained Earnings Guidance document
                                     on the Grants.gov and CDFI Fund Web
                                     sites.
------------------------------------------------------------------------

IV. Application and Submission Information

    A. Address to Request an Application Package: Application materials 
can be found on Grants.gov and the CDFI Fund's Web site at 
www.cdfifund.gov/native. Applicants may request a paper version of any 
Application material by contacting the CDFI Fund Help Desk at 
<a href="/cdn-cgi/l/email-protection#1f7c7b7976777a736f5f7c7b7976316b6d7a7e6c31787069"><span class="__cf_email__" data-cfemail="a9cacdcfc0c1ccc5d9e9cacdcfc087dddbccc8da87cec6df">[email protected]</span></a>.
    B. Content and Form of Application Submission:
    All Applications must be prepared using the English language and 
calculations must be made in U.S. dollars. The following table lists 
the required Application documents for the FY 2016 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. Information submitted must 
accurately reflect the Applicant's activities. Financial, portfolio, 
and activity information provided in the Application should only 
include the Applicant's activities.

                Table 10--Required Application Documents
------------------------------------------------------------------------
      Application documents         Applicant type     Submission format
------------------------------------------------------------------------
SF-424..........................  All Applicants....  Fillable PDF in
                                                       Grants.gov.
CDFI Program Application          All Applicants....  AMIS.
 Components:

[[Page 8351]]

 
    <bullet> Funding Application  * Funders is
     Detail Related Lists:         excluded for
    <bullet> Application           Insured
     Financial Data.               Depository
    [cir] Financials and           Institutions, TA
     Portfolio.                    Applicants, and
    [cir] Impacts...............   NACA TA
    [cir] Application Activities   Applicants.
     Levels.
    [cir] Funders (Historic
     Only) *.
    <bullet> Matching Funds Used
     (FA Core Only).
    <bullet> Customer Snapshot
     Table.
    <bullet> Key Personnel......
    <bullet> Policies...........
    <bullet> Product Design.....
    <bullet> Narratives.........
HFFI-FA Application Components:   HFFI-FA Applicants  AMIS.
    <bullet> Funding Application  --Must create new
     Detail                        funding
    <bullet> Narratives.........   application.
ATTACHMENTS TO THE APPLICATION:
Add to ``Related Attachments''
 related list in application.
Matching Funds Documentation....  FA Core Applicants  PDF or Excel
                                                       (Retained
                                                       Earnings
                                                       Calculator only)
                                                       in AMIS.
Policies and Procedures.........  FA Applicants.....  PDF in AMIS.
Key Staff Resumes...............  All Applicants....  PDF or Word
                                                       document in AMIS.
Organizational Chart............  All Applicants....  PDF in AMIS.
Audited Financial Statements....  FA Applicants:      PDF in AMIS.
                                   Loan funds and
                                   other non-Insured
                                   Depository
                                   Institutions.
Management Letters..............  FA Applicants:      PDF in AMIS.
                                   Loan funds and
                                   other non-Insured
                                   Depository
                                   Institutions, TA
                                   Applicants: If
                                   available.
Unaudited Financial Statements    TA Applicants:      PDF in AMIS.
 (if Audited Financial             Loan funds and
 Statements are not available).    other non-Insured
                                   Depository
                                   Institutions.
Call Reports....................  FA and TA           PDF in AMIS.
                                   Applicants:
                                   Insured
                                   Depository
                                   Institutions only.
Current Year to Date--December    FA and TA           PDF in AMIS.
 31, 2015, Unaudited Financial     Applicants: Loan
 Statements.                       funds and other
                                   non-Insured
                                   Depository
                                   Institutions.
Additional Documents As           All Applicants, if  PDF or Word
 Applicable: Community             applicable.         document in AMIS.
 Partnership Agreement 501(c)(4)
 Questionnaire Explanation
 Environmental Review Form
 Explanation.
------------------------------------------------------------------------

    C. Application Submission: The CDFI Fund has a two-step process 
that requires the submission of application documents on separate 
deadlines and locations. The SF-424 must be submitted through 
Grants.gov and all other 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 pre-approved by the CDFI Fund.
    Applicants are only required to submit the OMB SF-424, Application 
for Federal Assistance form in Grants.gov as all other application 
information (listed in Table 10) will be submitted through AMIS. The 
deadline for submitting the SF 424 is 30 days after the publication of 
the NOFA. All other application information must be submitted in AMIS 
and only the Authorized Representative or Application Point of Contact 
can submit the application.
    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.
    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.
    D. Dun & Bradstreet Universal Numbering System (DUNS): Pursuant to 
the Uniform Administrative Requirements, each Applicant must provide as 
part of its Application submission, a Dun and Bradstreet Universal 
Numbering System (DUNS) number. Applicants 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.
    E. System for Award Management (SAM): Any entity applying for 
Federal grants or other forms of Federal financial assistance through 
Grants.gov must be registered in SAM before submitting its Application. 
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

[[Page 8352]]

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.
    F. Submission Dates and Times:
    1. Submission Deadlines: The following table provides the critical 
deadlines for the FY 2016 Funding Round.

                        Table 11--FY 2016 Funding Round Critical Deadlines for Applicants
----------------------------------------------------------------------------------------------------------------
             Description                       Deadline                Time (EDT)           Submission method
----------------------------------------------------------------------------------------------------------------
CDFI Certification Applications......  March 18, 2016.........  5:00 p.m. EDT..........  Award Management
                                                                                          Information System
                                                                                          (AMIS).
SF424 (Application for Federal         March 18, 2016.........  11:59 p.m. EDT.........  Electronically via
 Assistance).                                                                             Grants.gov.
Last day to contact NACA Program       April 15, 2016.........  5:00 p.m. EDT..........  CDFI Fund Helpdesk: 202-
 staff.                                                                                   653-0421 or
                                                                                          <a href="/cdn-cgi/l/email-protection#e68582808f8e838a96a68582808fc89294838795c8818990"><span class="__cf_email__" data-cfemail="e38087858a8b868f93a38087858acd9791868290cd848c95">[email protected]</span></a>.
NACA Program Application for           April 18, 2016.........  11:59 p.m. EDT.........  Electronically via
 Financial Assistance (FA) or                                                             Awards Management
 Technical Assistance (TA).                                                               Information System
                                                                                          (AMIS).
----------------------------------------------------------------------------------------------------------------

    2. Confirmation of Application Submission in Grants.gov and AMIS: 
Applicants are required to submit the OMB SF-424, Application for 
Federal Assistance 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. Applicants must submit the SF 424 on an earlier 
deadline from the other required application materials in AMIS. If the 
SF-424 is not successfully accepted by Grants.gov by the deadline, the 
CDFI Fund will not review any of the material submitted in AMIS and the 
Application will be deemed ineligible.
    (a) Grants. Gov. Submission Information: Each Applicant will 
receive an email from Grants.gov immediately after submitting the SF-
424 confirming that the submission has entered the Grants.gov system. 
This email will contain a tracking number for the submitted SF-424. 
Within 48 hours, the Applicant will receive a second email, which will 
indicate if the submitted SF-424 was either successfully validated or 
rejected with errors. However, Applicants should not rely on the email 
notification from Grants.gov to confirm that their SF-424 was 
validated. Applicants are strongly encouraged to use the tracking 
number provided in the first email to closely monitor the status of 
their SF-424 by contacting the helpdesk at Grants.gov directly. The 
Application material submitted in AMIS is not officially accepted by 
the CDFI Fund until Grants.gov has validated the SF-424.
    (b) 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 10. AMIS will verify that the Applicant provided the minimum 
information required to submit an Application. Applicants are 
responsible for the quality and accuracy of the information and 
attachments included in the Application submitted in AMIS. The CDFI 
Fund strongly encourages the Applicant to allow sufficient time to 
confirm the Application content, review the material submitted, and 
remedy any issues prior to the Application deadline. Only the 
Authorized Representative or the application Point of Contact can 
submit the Application. Applicants can only submit one Application. 
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 Applications submissions.
    3. 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 case, the Applicant must submit a request 
for acceptance of 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 request for acceptance of 
late Application submissions after that time period. Applicants must 
submit late Application submission requests to the CDFI Helpdesk at 
<a href="/cdn-cgi/l/email-protection#2b484f4d42434e475b6b484f4d42055f594e4a58054c445d"><span class="__cf_email__" data-cfemail="543730323d3c313824143730323d7a20263135277a333b22">[email protected]</span></a> with a subject line of ``Late Application 
Submission Request.''
    G. Funding Restrictions: FA, HFFI-FA and TA awards are limited by 
the following:
    1. FA awards:
    (a) An award Recipient shall use FA funds only for the eligible 
activities described in Section II. Award Description (C)(1) of this 
NOFA and its Assistance Agreement.
    (b) A Recipient may not distribute FA funds to an Affiliate, 
Subsidiary, or any other entity, without the CDFI Fund's prior written 
approval.
    (c) FA funds shall only be paid to the Recipient.
    (d) The CDFI Fund, in its sole discretion, may pay FA funds in 
amounts, or under terms and conditions, which are different from those 
requested by an Applicant.
    2. HFFI-FA awards:
    (a) An award Recipient shall use HFFI-FA funds only for the 
eligible activities described in Section II. Award Description (C)(1) 
of this NOFA and its Assistance Agreement.
    (b) A Recipient may not distribute HFFI-FA funds to an Affiliate, 
Subsidiary, or any other entity, without the CDFI Fund's prior written 
approval.
    (c) HFFI-FA funds shall only be paid to the Recipient.
    (d) The CDFI Fund, in its sole discretion, may pay HFFI-FA funds in 
amounts, or under terms and conditions, which are different from those 
requested by an Applicant.
    3. TA grants:
    (a) An award Recipient shall use TA funds only for the eligible 
activities described in Section II. Award Description (C)(2) of this 
NOFA and its Assistance Agreement.
    (b) A Sponsoring Entity award Recipient must create, as a legal 
entity, the Emerging CDFI no later than the end of the first year of 
the period of performance, whereupon the Sponsoring Entity must request 
the CDFI Fund to amend the Assistance Agreement and add the Emerging 
CDFI as a co-Recipient thereto, with the Sponsoring Entity, thereby 
transferring any and all remaining balances and/or

[[Page 8353]]

assets derived from the TA award to the Emerging CDFI.
    (c) A Recipient may not distribute TA funds to an Affiliate, 
Subsidiary or any other entity, without the CDFI Fund's prior written 
consent.
    (d) TA funds shall only be paid to the Recipient.
    (e) The CDFI Fund, in its sole discretion, may pay TA funds in 
amounts, or under terms and conditions, which are different from those 
requested by an Applicant.

V. Application Review Information

    1. Criteria: If the Applicant has submitted a complete and eligible 
Application, the CDFI Fund will conduct a substantive review in 
accordance with the criteria and procedures described in the 
Regulations, this NOFA, the Application guidance, and the Uniform 
Administrative Requirements. The CDFI Fund reserves the right to 
contact the Applicant by telephone, email, or mail for the sole purpose 
of clarifying or confirming Application information. If contacted, the 
Applicant must respond within the time period communicated by the CDFI 
Fund or run the risk that its Application will be rejected.
    (a) Application Scoring and Award Selection (FA, HFFI-FA, and TA): 
The CDFI Fund will evaluate each Application using the FA and TA 
Application Scoring Criteria described in the Application. An Applicant 
must receive a minimum 40 percent of the total score for the FA, HFFI-
FA, and TA components in order to be considered for an award. An 
Applicant that is an Emerging CDFI and has not received a previous TA 
award will be rated, among other elements, on its plan to meet the 
requirements of a Certified CDFI within two years of the beginning of 
the period of performance. In addition, an Emerging CDFI Applicant that 
is a prior TA Recipient will be rated, among other elements, on its 
plan to meet the CDFI certification goal specified in its previous 
Assistance Agreement. A Sponsoring Entity Applicant will be rated, 
among other elements, on its plan to create an Emerging CDFI by the end 
of the first year of the performance period and comply with CDFI 
Certification requirements within four years of the beginning of the 
period of performance.
    The CDFI Fund will score each part as indicated in Tables 12 and 
13.

             Table 12--FA & TA Application Scoring Criteria
------------------------------------------------------------------------
                                           FA applicants   TA applicants
       FA & TA narrative sections            (points)        (points)
------------------------------------------------------------------------
Executive Summary.......................      Not Scored      Not Scored
Purpose/Proposal........................              10              15
Products................................              10              10
Policies................................              10              10
People..................................              10              15
Partnerships............................              10               5
Performance.............................              40              30
Projections.............................              10              15
                                         -------------------------------
    Total Points........................             100             100
------------------------------------------------------------------------


             Table 13--HFFI-FA Application Scoring Criteria
------------------------------------------------------------------------
                                                              HFFI-FA
               HFFI-FA narrative sections                   applicants
                                                             (points)
------------------------------------------------------------------------
HFFI Target Market Profile..............................               4
Healthy Food Financial Products.........................               5
Healthy Food Development Services.......................               2
Projected HFFI-FA Activities............................               7
HFFI Track Record, Management Capacity for Providing                   7
 Healthy Food Financing, Healthy Food Financing Outcomes
                                                         ---------------
    Total Points........................................              25
------------------------------------------------------------------------

    2. Review and Selection Process. All Applications will be initially 
evaluated by external non-Federal reviewers who are selected based on 
criteria that includes: a professional background in community and 
economic development finance; understanding of community and economic 
development in Native Communities; experience reviewing financial 
statements of all CDFI institution types; and experience performing 
underwriting of community and economic development projects. Reviewers 
must complete the CDFI Fund's conflict of interest process and be 
approved by the CDFI Fund. The CDFI Fund's application reader conflict 
of interest policy is located on the CDFI Fund's Web site.
    TA Applications will be evaluated by one external reviewer; FA and 
HFFI-FA Applications will be evaluated by three external reviewers. All 
Applications will be reviewed in accordance with reviewer evaluation 
materials. Applications will be ranked based on Application scores, 
from highest to lowest. In the case of tied scores, Applicants will be 
ranked first according to each Performance score, then the Purpose 
section. TA Applicants, FA Applicants, and HFFI-FA Applicants will be 
grouped and ranked separately.
    3. Programmatic and Financial Risk Analysis. The CDFI Fund conducts 
three additional levels of due diligence for Applications that are in 
scoring contention for an award. This due diligence includes an 
analysis of programmatic and financial risk factors including, but not 
limited to: financial stability; quality of management systems and 
ability to meet award management standards; history of performance in 
managing Federal awards (including timeliness of reporting and 
compliance); reports and findings from audits; and the Applicant's 
ability to effectively implement Federal requirements. Award amounts 
may be reduced as a

[[Page 8354]]

result of this analysis. In addition, for FA awards, the CDFI Fund may 
reduce awards sizes from requested amounts based on certain variables, 
including an Applicant's loan disbursement activity, total portfolio 
outstanding, and similar factors. Lastly, the CDFI Fund may consider 
geographic diversity of Applicants when making its funding decisions.
    4. Insured Depository 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 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. Non-Regulated Institutions: In accordance with the NACA 
Program's authorizing statute and regulations, the CDFI Fund must 
ensure, to the maximum extent practicable, that recipients that 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 will not be dependent upon assistance 
from the CDFI Fund for continued viability (12 U.S.C. 4704(b)(2)(A)). 
If it is determined the Applicant is incapable of meeting these 
requirements, the CDFI Fund reserves the right to deem the Applicant 
ineligible or terminate the award.
    6. Anticipated Award Announcement: The CDFI Fund anticipates making 
the NACA Program award announcement after September 23, 2016 and before 
September 30, 2016.
    7. Application Rejection: The CDFI Fund reserves the right to 
reject an Application if information (including administrative error) 
comes to the CDFI Fund's attention that either: 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 Web site. 
The CDFI Fund's award decisions are final and there is no right to 
appeal the 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 an award. Each Applicant not 
selected for an award will receive an email stating that a debriefing 
notice has been provided in its AMIS account.
    B. Assistance Agreement: Each Applicant selected to receive an 
award must enter into an Assistance Agreement with the CDFI Fund in 
order to receive a payment(s). The Assistance Agreement will set forth 
the award's terms and conditions, including but not be limited to the: 
(i) Award amount; (ii) award type; (iii) award uses; (iv) eligible use 
of funds; (v) performance goals and measures; and (vi) reporting 
requirements. FA Assistance Agreements have three-year periods of 
performance; TA Assistance Agreements have two-year periods of 
performance for Emerging and Certified CDFI TA Recipients and four-year 
periods of performance for Sponsoring Entity TA Recipients. Upon 
creation of the Emerging CDFI, the Sponsoring Entity will request the 
CDFI Fund to amend the Assistance Agreement and add the Emerging CDFI 
as a party thereto; the Emerging CDFI, as co-awardee, must comply with 
all of the requirements in the Assistance Agreement, including all 
program goals and measures.
    1. Certificate of Good Standing: All FA and TA Recipients that are 
not Insured Depository Institutions will be required to provide the 
CDFI Fund with a certificate of good standing from the secretary of 
state for the Recipient's State of incorporation prior to closing. This 
certificate can often be acquired online on the secretary of state Web 
site for the Recipient's State of incorporation and must generally be 
dated within 270 days before the date the Recipient executes the 
Assistance Agreement. Due to potential backlogs in State government 
offices, Applicants are advised to submit requests for certificates of 
good standing no later than 60 days after they submit their 
Applications.
    2. Closing: Pursuant to the Assistance Agreement, there will be an 
initial closing at which point the Assistance Agreement and related 
documents will be properly executed and delivered, and an initial 
payment of FA or TA may be made. FA Recipients that are subject to the 
matching funds requirement will not receive a payment until 100 percent 
of their matching funds are In-Hand. The first payment is the estimated 
amount of award that the Recipient states in its Application that it 
will use for eligible FA or TA activities in the first 12 months after 
the award.
    The CDFI Fund will minimize the time between the Recipient 
incurring costs for eligible activities and award payment based on what 
is administratively feasible. The advanced payments for eligible 
activities will occur no more than one year in advance of the Recipient 
incurring costs for the eligible activities. Following the initial 
closing, there may be subsequent closings involving additional award 
payments. Any documents in addition to the Assistant Agreement that are 
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 error) 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 (to the extent that the 
award is conditional upon CDFI certification); adversely affects the 
CDFI Fund's evaluation of the Application; indicates that the Recipient 
is not in compliance with any requirement listed the Uniform 
Administrative Requirements; or indicates fraud or mismanagement on the 
Recipient's part, the CDFI Fund may, in its discretion and without 
advance notice to the Recipient, terminate the award or take such other 
actions as it deems appropriate. The CDFI Fund reserves the right, in 
its sole discretion, to rescind an award if the Recipient fails to 
return the Assistance Agreement, signed by the authorized 
representative of the Recipient, and/or provide the CDFI Fund with any 
other requested documentation, within the CDFI Fund's deadlines.
    In addition, the CDFI Fund reserves the right, in its sole 
discretion, to

[[Page 8355]]

terminate and rescind the Assistance Agreement and the award made under 
this NOFA pending the criteria described in the following table:

    Table 14--Requirements Prior to Executing an Assistance Agreement
------------------------------------------------------------------------
            Requirement                           Criteria
------------------------------------------------------------------------
Failure to meet reporting           <bullet> If a Recipient received a
 requirements.                       prior award under any CDFI Fund
                                     program and is not current with the
                                     reporting requirements in the
                                     previously executed agreement(s),
                                     the CDFI Fund can delay entering
                                     into an Assistance Agreement or
                                     disbursing an award until reporting
                                     requirements are met.
                                    <bullet> If such a Recipient is
                                     unable to meet the requirement
                                     within the timeframe specified, the
                                     CDFI Fund may terminate and rescind
                                     the Assistance Agreement and the
                                     award made under this NOFA.
                                    <bullet> The automated systems the
                                     CDFI Fund uses only acknowledge a
                                     report's receipt, not a
                                     determination of meeting reporting
                                     requirements.
Failure to maintain CDFI            <bullet> An FA Recipient must be a
 Certification.                      Certified CDFI prior to entering
                                     into an Assistance Agreement.
                                    <bullet> If an FA Recipient fails to
                                     maintain CDFI Certification, the
                                     CDFI Fund will terminate and
                                     rescind the Assistance Agreement
                                     and the award made under this NOFA.
Pending resolution of               <bullet> The CDFI Fund will delay
 noncompliance.                      entering into an Assistance
                                     Agreement with a Recipient that has
                                     pending noncompliance issues if the
                                     CDFI Fund has not yet made a final
                                     determination as to whether the
                                     Recipient is in default of its
                                     previously executed award
                                     agreement(s).
                                    <bullet> 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.
Default or Noncompliance status...  <bullet> If, at any time prior to
                                     entering into an Assistance
                                     Agreement, the CDFI Fund determines
                                     that an 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
                                     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 an Recipient is
                                     noncompliant with an FY 2015 or
                                     later award 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
                                     noncompliance by taking actions the
                                     CDFI Fund has specified within the
                                     specified timeframe.
                                    <bullet> If the Recipient is unable
                                     to meet the cure requirement within
                                     the specified timeframe, the CDFI
                                     Fund may terminate and rescind the
                                     Assistance Agreement and the 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 award made under this NOFA
                                     within the time period specified in
                                     such notification.
Compliance with Federal civil       If prior to entering into an
 rights requirements.                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 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, the CDFI Fund
                                     will terminate and rescind the
                                     Assistance Agreement and the award
                                     made under this NOFA.
Do Not Pay........................  <bullet> The Do Not Pay Business
                                     Center was developed to support
                                     Federal agencies in their efforts
                                     to reduce the number of improper
                                     payments made through programs
                                     funded by the Federal government.
                                    <bullet> The CDFI Fund reserves the
                                     right, in its sole discretion, to
                                     rescind an award if the Recipient
                                     is identified as an ineligible
                                     recipient on the Do Not Pay
                                     database.
Safety and soundness..............  <bullet> If it is determined the
                                     Recipient is or will be incapable
                                     of meeting its award obligations,
                                     the CDFI Fund will deem the
                                     Recipient to be ineligible or
                                     require it to improve safety and
                                     soundness conditions prior to
                                     entering into an Assistance
                                     Agreement.
------------------------------------------------------------------------

    C. Reporting
    1. Reporting Requirements: On an annual basis for 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:

                 Table 15--Annual Reporting Requirements
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Financial Report (Financial         The Financial Report will be
 Statements and Related Auditor's    reviewed by the CDFI Fund to
 and Accountant's Review Reports,    determine the Recipient's financial
 if applicable).                     and managerial soundness.

[[Page 8356]]

 
Single Audit (if applicable) (or    If a Recipient is required to
 similar report).                    complete a Single Audit Report, it
                                     should be submitted to the Federal
                                     Audit Clearinghouse (see 2 CFR
                                     subpart F-Audit Requirements in the
                                     Uniform Administrative
                                     Requirements).
                                    For-profit Recipients will be
                                     required to complete and submit a
                                     similar report directly to the CDFI
                                     Fund.
Institution Level Report (ILR)....  The ILR is a report used to collect
                                     compliance and performance data
                                     from CDFI Fund award Recipients.
                                     The ILR is submitted through the
                                     Community Investment Impact System
                                     (CIIS) and captures organizational
                                     information, financial position,
                                     lending and investing activities,
                                     community development outputs, and
                                     development services.
Transaction Level Report (TLR)....  The TLR is a report used to collect
                                     compliance and performance data
                                     from CDFI Fund award Recipients.
                                     The TLR is submitted through the
                                     CIIS and captures data on each
                                     individual loan and investment in
                                     the award Recipient's portfolio.
                                       <bullet> For CDFI Depository
                                        Institution Holding Company
                                        award Recipients, the TLR
                                        captures data on the individual
                                        loans and investments by its
                                        CDFI Subsidiary Insured
                                        Depository Institution's
                                        portfolio.
                                       <bullet> TLR is not required for
                                        TA Recipients.
Federal Financial Report/OMB        If the Recipient receives a TA
 Standard Form 425.                  award, it must submit the Federal
                                     Financial Report/OMB Standard Form
                                     425 via AMIS.
Uses of Funds Report..............  If the Recipient receives an FA or
                                     TA award, it must submit the Uses
                                     of Funds Report via AMIS.
Shareholders Report...............  If the Assistance is in the form of
                                     an Equity Investment, the Recipient
                                     must submit shareholder information
                                     to the CDFI Fund showing the class,
                                     series, and number of shares and
                                     valuation of capital stock held or
                                     to be held by each shareholder. The
                                     Shareholder Report must be
                                     submitted for as long as the CDFI
                                     Fund is an equity holder.
------------------------------------------------------------------------

    Each Recipient is responsible for the timely and complete 
submission of the Annual Reporting requirements. Sponsoring Entities 
with co-awardees will be informed of any reporting shifts at the time 
the Emerging CDFI is adjoined to the Agreement. The CDFI Fund reserves 
the right to contact the Recipient and additional entities or 
signatories to the Assistance Agreement to request additional 
information and documentation. The CDFI Fund will use such information 
to monitor each Recipient's compliance with the requirements in the 
Assistance Agreement and to assess the impact of the NACA Program. The 
CDFI Fund reserves the right, in its sole discretion, to modify these 
reporting requirements, including increasing the scope and frequency of 
reporting, if it determines it to be appropriate and necessary; 
however, such reporting requirements will be modified only after notice 
to Recipients.
    2. Financial Management and Accounting: The CDFI Fund will require 
Recipients to maintain financial management and accounting systems that 
comply with Federal statutes, regulations, and the terms and conditions 
of the Federal award. These systems must be sufficient to permit the 
preparation of reports required by 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 
according to the Federal statutes, regulations, and the terms and 
conditions of the Federal award.
    The cost principles used by Recipients must be consistent with 
Federal cost principles and support the accumulation of costs as 
required by the principles, and must provide for adequate documentation 
to support costs charged to the NACA Program award. In addition, the 
CDFI Fund will require Recipients to: Maintain effective internal 
controls; comply with applicable statutes, regulations, and the 
Assistance Agreement; evaluate and monitor compliance; take action when 
not in compliance; and safeguard personally identifiable information.

VII. Agency Contacts

    A. The CDFI Fund will respond to questions concerning this NOFA and 
the Application between the hours of 9:00 a.m. and 5:00 p.m. Eastern 
Daylight Savings Time, starting on the date that the NOFA is published 
through the date listed in Table 1 and Table 11. The CDFI Fund will 
post on its Web site responses to reoccurring questions received about 
this Application. Other information regarding the CDFI Fund and its 
programs may be obtained from the CDFI Fund's Web site at http://www.cdfifund.gov. Table 16 lists CDFI Fund contact information:

                                          Table 16--Contact Information
----------------------------------------------------------------------------------------------------------------
                                           Telephone number  (not
            Type of question                     toll free)                        Email addresses
----------------------------------------------------------------------------------------------------------------
NACA Program...........................  202-653-0421, option 1....  <a href="/cdn-cgi/l/email-protection#bad9dedcd3d2dfd6cafad9dedcd394cec8dfdbc994ddd5cc"><span class="__cf_email__" data-cfemail="bdded9dbd4d5d8d1cdfdded9dbd493c9cfd8dcce93dad2cb">[email protected]</span></a>.
Certification, Compliance Monitoring,    202-653-0423..............  <a href="/cdn-cgi/l/email-protection#c1a2a2aca481a2a5a7a8efb5b3a4a0b2efa6aeb7"><span class="__cf_email__" data-cfemail="87e4e4eae2c7e4e3e1eea9f3f5e2e6f4a9e0e8f1">[email protected]</span></a>.
 and Evaluation.
AMIS--IT Help Desk.....................  202-653-0422..............  <a href="/cdn-cgi/l/email-protection#b5f4f8fce6f5d6d1d3dc9bc1c7d0d4c69bd2dac3"><span class="__cf_email__" data-cfemail="23626e6a70634047454a0d57514642500d444c55">[email protected]</span></a>.
----------------------------------------------------------------------------------------------------------------

    B. Information Technology Support: For IT Assistance, submit an 
AMIS Service Request (Record Type of ``General Inquiry''). In the 
Service Request form, select the appropriate program, then select 
``AMIS Technical Problem'' as the Type. People who have visual or 
mobility impairments that prevent them from using the CDFI Fund's Web 
site 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 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

[[Page 8357]]

names (especially for the authorized representative) listed in this 
NOFA's application materials, 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 CDFI Fund or Recipients under any of 
its programs is entitled to those benefits or services without being 
subject to prohibited discrimination. The Department of the Treasury's 
Office of Civil Rights and Diversity enforces various Federal statutes 
and regulations that prohibit discrimination in financially assisted 
and conducted programs and activities of the CDFI Fund. If a person 
believes that s/he has been subjected to discrimination and/or reprisal 
because of membership in a protected group, s/he may file a complaint 
with: Associate Chief Human Capital Officer, Office of Civil Rights, 
and Diversity, 1500 Pennsylvania Ave NW., Washington, DC 20220 or (202) 
622-1160 (not a toll-free number).

VIII. Other Information

    A. Paperwork Reduction Act: Under the Paperwork Reduction Act (44 
U.S.C. chapter 35), an agency may not conduct or sponsor a collection 
of information, and an individual is not required to respond to a 
collection of information, unless it displays a valid OMB control 
number. If applicable, the CDFI Fund may inform Applicants that they do 
not need to provide certain Application information otherwise required. 
Pursuant to the Paperwork Reduction Act, the CDFI Program, and NACA 
Program Application has been assigned the following control number: 
1559-0021.
    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, please visit the CDFI Fund's 
Web site at http://www.cdfifund.gov.

    Authority:  12 U.S.C. 4701, et seq; 12 CFR parts 1805 and 1815; 
2 CFR part 200.

Mary Ann Donovan,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2016-03222 Filed 2-17-16; 8:45 am]
 BILLING CODE 4810-70-P


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