[Federal Register: February 18, 2003 (Volume 68, Number 32)]
[Notices]
[Page 7838]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr18fe03-92]
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DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Notice of Funds Availability (``NOFA'') Inviting Applications for
the FY 2003 Funding Round of the Financial Assistance Component of the
Community Development Financial Institutions (``CDFI'') Program: Change
of Application Deadlines; Policy Revision
AGENCY: Community Development Financial Institutions Fund, Department
of the Treasury.
ACTION: Notice of change of application deadlines; policy revision.
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Change of Application Deadlines: On February 4, 2003, the Community
Development Financial Institutions Fund (the ``Fund'') announced in a
NOFA for the Financial Assistance Component of the CDFI Program (68 FR
5738) that the deadline for applications for assistance through the
Financial Assistance Component was March 10, 2003. On February 7, 2003,
the Fund announced (68 FR 6540) that it was extending the deadline for
applications for assistance through the Financial Assistance Component
to March 17, 2003.
This notice is to announce that, due to unforeseen complications
with the development of the application and related documents, the Fund
again is extending the deadline for the submission of electronic and
paper applications for the FY 2003 funding round of the Financial
Assistance Component, to 5 p.m. ET on April 14, 2003. Please also note
that for electronic applications timely submitted, applicants must
submit original signature pages not later than 5 p.m. ET on April 16,
2003, in accordance with the instructions in the electronic
application.
In addition, the Fund is extending the deadline for submission of
requests for paper applications to 5 p.m. ET on March 21, 2003. The
Fund will provide program and technical support related to the
Financial Assistance Component application between the hours of 9 a.m.
and 5 p.m. ET through April 11, 2003. The Fund will not respond to
telephone calls or e-mails concerning the application that are received
after 5 p.m. ET on April 11, 2003, until after the Financial Assistance
Component application deadline on April 14, 2003.
Further, the Fund has extended certain other deadlines, as follows.
An application for a FY 2003 Financial Assistance Component award will
not be considered unless: (a) The applicant is already certified as a
CDFI with a certification expiration date after June 30, 2003; or (b)
the Fund receives from an applicant a complete CDFI certification
application no later than March 7, 2003, evidencing that the applicant
can be certified as a CDFI. With respect to any CDFI that is currently
certified by the Fund and whose certification expiration date is on or
before June 30, 2003, the Fund must receive an application for re-
certification no later than March 7, 2003, evidencing that the
applicant can be re-certified as a CDFI.
Policy Revision
The Fund has determined that it is appropriate to revise the
definition of Category I applicants, set forth in the February 4, 2003
NOFA for the Financial Assistance Component, as follows: Category I
includes CDFIs that have capitalization needs up to and including
$1,000,000 and total assets as of December 31, 2002 that range up to
$500 million (for insured depository institutions and depository
institution holding companies), up to $25 million (for insured credit
unions), or up to $25 million for other CDFIs. This policy revisions
comports with the definition of eligible CDFI Partner found in the NOFA
for the FY 2003 funding round of the Bank Enterprise Award (BEA)
Program (68 FR 5727).
All other information and requirements set forth in the February 4,
2003 NOFA for the Financial Assistance Component shall remain
effective, as published.
FOR FURTHER INFORMATION CONTACT: If you have any questions about the
programmatic requirements for this program, contact the Fund's Program
Operations Manager. If you have questions regarding administrative
requirements, contact the Fund's Awards Manager. The Program Operations
Manager and the Awards Manager may be reached by e-mail at
cdfihelp@cdfi.treas.gov, by telephone at (202) 622-6355, by facsimile
at (202) 622-7754, or by mail at CDFI Fund, 601 13th Street, NW., Suite
200 South, Washington, DC 20005. Technical support related to the
electronic application can be obtained by calling (202) 622-2455 and
selecting option 1, then option 2, and then option 9, or by e-mail at
ithelpdesk@cdfi.treas.gov. These are not toll free numbers.
Authority: 12 U.S.C. 4703, 4703 note, 4704, 4706, 4707, 4717; 12
CFR part 1805.
Dated: February 12, 2003.
Tony T. Brown,
Director, Community Development Financial Institutions Fund.
[FR Doc. 03-3940 Filed 2-14-03; 8:45 am]
BILLING CODE 4810-70-P