[Federal Register Volume 75, Number 213 (Thursday, November 4, 2010)]
[Notices]
[Pages 68026-68035]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-27802]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Native American CDFI Assistance (NACA) Program
Funding Opportunity Title: Notice of Funds Availability (NOFA)
inviting applications for the FY 2011 Funding Round of the Native
American CDFI Assistance (NACA) Program.
Announcement Type: Announcement of funding opportunity.
Catalog of Federal Domestic Assistance (CFDA) Number: 21.020.
DATES: Applications for Financial Assistance (FA) and/or Technical
Assistance (TA) awards through the FY 2011 Funding Round of the NACA
Program must be received by 11:59 p.m., Eastern Time (ET), December 22,
2010.
Executive Summary: Subject to funding availability, this NOFA is
issued in connection with the FY 2011 Funding Round. The NACA Program
is administered by the Community Development Financial Institutions
(CDFI) Fund.
I. Funding Opportunity Description
A. Through the NACA Program, the CDFI Fund provides: (i) FA awards
to CDFIs that direct at least 50 percent of their activities toward
serving Native American, Alaska Native, and/or Native Hawaiians (Native
CDFIs). Native CDFIs must have Comprehensive Business Plans for
creating demonstrable community development impact through the
deployment of credit, capital, and financial services within their
respective Target Markets or for the expansion into new Investment
Areas, Low-Income Targeted Populations, or Other Targeted Populations;
and (ii) TA grants to Native CDFIs, entities proposing to become Native
CDFIs, and to Native organizations, Tribes, and Tribal organizations
(Sponsoring Entities) that propose to create Native CDFIs, in order to
build their capacity to meet the community development and capital
access needs of their existing or proposed Target Markets and/or to
become certified Native CDFIs.
B. The regulations governing the CDFI Program are found at 12 CFR
part 1805 (the Regulations) and provide guidance on evaluation criteria
and other requirements of the NACA Program. The CDFI Fund encourages
Applicants to review the Regulations. Detailed application content
requirements are found in the applicable funding application and
related guidance materials. Each capitalized term in this
[[Page 68027]]
NOFA is more fully defined in the Regulations, the application, or the
guidance materials.
C. 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 reserves the right to re-allocate funds from the
amount that is anticipated to be available under this NOFA to other
CDFI Fund programs, particularly if the CDFI Fund determines that the
number of awards made under this NOFA is fewer than projected.
II. Award Information
A. Funding Availability: Through this NOFA, and subject to funding
availability, the CDFI Fund expects that it may award approximately $12
million in appropriated funds in the FY 2011 Funding Round. The CDFI
Fund reserves the right to award in excess of $12 million in
appropriated funds to Applicants in the FY 2011 Funding Round, provided
that the funds are available and the CDFI Fund deems it appropriate.
B. Availability of Funds for the FY 2011 Funding Round: Funds for
the FY 2011 Funding Round have not yet been appropriated. If funds are
not appropriated for the FY 2011 Funding Round, there will not be a FY
2011 Funding Round. Further, it is possible that if funds are
appropriated for the FY 2011 Funding Round, the amount of such funds
may be greater than or less than the amounts set forth above. Further,
if funds for the FY 2011 Funding Round are not appropriated, entities
that are eligible to apply for CDFI Program funds and that might
otherwise have applied for NACA Program funds are encouraged to apply
for funds through the FY 2011 Funding Round of the CDFI Program.
C. Types of Awards: An Applicant may submit an application either
for: (i) A FA award; (ii) a FA award and a TA grant; or (iii) a TA-only
grant.
1. FA Awards: FA is intended to provide flexible financial support
to CDFIs so that they may achieve the strategies outlined in their
Comprehensive Business Plans. FA awards can be used in the following
five categories: (i) Financial Products; (ii) Financial Services; (iii)
Development Services; (iv) Loan Loss Reserves, (v) Capital Reserves, or
other activities/uses that support the activities in the Applicant's
Comprehensive Business Plan; and/or (vi) Operations. For purposes of
this NOFA, Financial Products means loans, grants, equity investments,
and similar financing activities, including the purchase of loans
originated by certified CDFIs and the provision of loan guarantees, in
the Applicant's Target Market, or for related purposes that the CDFI
Fund deems appropriate (including administrative funds used to carry
out Financial Products). Financial Services means checking and savings
accounts, certified checks, automated teller machine services, deposit
taking, remittances, safe deposit box services, and other similar
services (including administrative funds used to carry out Financial
Services). Development Services means activities that promote community
development and are integral to the Applicant's provisions of Financial
Products and Financial Services (including administrative funds used to
carry out Development Services) including, for example, financial or
credit counseling, housing and homeownership counseling (pre- and post-
), self-employment technical assistance, entrepreneurship training, and
financial management skill-building. Loan Loss Reserves means funds
that the Applicant will set aside in the form of cash reserves, or
through accounting-based accrual reserves, to cover losses on loans,
accounts, and notes receivable made in its Target Market, or for
related purposes that the CDFI Fund deems appropriate (including
administrative funds used to carry out Loan Loss Reserves). Capital
Reserves means funds that the Applicant will set aside in the form of
reserves to support the Applicant's ability to leverage other capital,
for such purposes as increasing its net assets or serving the financing
needs of its Target Market, or for related purposes that the CDFI Fund
deems appropriate (including administrative funds used to carry out
Capital Reserves). Operations means funds that the Applicant will use
to carry out its Comprehensive Business Plan, and/or for related
purposes that the CDFI Fund deems appropriate, that are not used to
carry out or administer any of the foregoing eligible FA uses. FA
awards are most commonly used for an Applicant's Financial Products
since FA funds can be used to support the Applicant's community
development lending activities.
The CDFI Fund may provide FA awards in the form of equity
investments (including, in the case of certain Insured Credit Unions,
secondary capital accounts), grants, loans, deposits, credit union
shares, or any combination thereof. The CDFI Fund reserves the right,
in its sole discretion, to provide a FA award in a form and 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. The CDFI Fund reserves the right, in its sole discretion,
to provide a FA award to an Applicant on the condition that the
Applicant agrees to use a TA grant for specified capacity-building
purposes, even if the Applicant has not requested a TA grant. FA awards
must be used to support the Applicant's activities; FA awards cannot be
used to support the activities of, or otherwise be ``passed through''
to, third-party entities, whether Affiliates, Subsidiaries, or others,
without the prior written permission of the CDFI Fund.
2. TA Grants: (a) The CDFI Fund provides TA awards in the form of
grants. The CDFI Fund reserves the right, in its sole discretion, to
provide a TA grant for uses and amounts other than that which the
Applicant requests; however, the award amount will not exceed the
Applicant's award request as stated in its application and the
applicable budget chart.
(b) TA grants may be used to address a variety of needs including,
but not limited to, development of strategic planning documents (such
as strategic or capitalization plans), market analyses or product
feasibility analyses, operational policies and procedures, curricula
for Development Services (such as entrepreneurial training, home buyer
education, financial education or training, or borrower credit repair
training), improvement of underwriting and portfolio management,
development of outreach and training strategies to enhance product
delivery, operating support to expand into a new eligible market, and
tools that allow the Applicant to assess the impact of its activities
in its community.
(c) Eligible TA grant uses include, but are not limited to: (i)
Procuring professional services; (ii) acquiring/enhancing technology
items, including computer hardware, software, and Internet connectivity
and related management information systems; (iii) acquiring training
for staff, management, and/or board members; and (iv) paying recurring
expenses, including staff salary and other key operating expenses, that
will enhance the capacity of the Applicant to serve its Target Market
and/or to become certified as a Native CDFI or to create a Native CDFI.
Applicants should see the NACA application for additional details of
each eligible use of TA.
D. Assistance Agreement: Each Awardee under this NOFA must execute
an Assistance Agreement in order to receive a disbursement of award
proceeds by the CDFI Fund. The Assistance Agreement contains the terms
and conditions of the award. For
[[Page 68028]]
further information, see Section VI.A of this NOFA.
III. Eligibility Information
A. Eligible Applicants: The Regulations specify the eligibility
requirements that each Applicant must meet in order to be eligible to
apply for assistance under this NOFA. The following sets forth
additional detail and dates that relate to the submission of
applications under this NOFA:
1. Applicant Categories: All Applicants for FA, FA/TA and TA-only
awards through this NOFA must meet the criteria in Table 1--NACA
Applicant Criteria.
Table 1--NACA Applicant Criteria
------------------------------------------------------------------------
Criteria of
Applicant type applicant Maximum award
------------------------------------------------------------------------
FA, FA/TA................... A Certified/ Up to and including
Certifiable Native $750,000 in FA
CDFI that meets all funds, and up to
other eligibility and including
requirements $150,000 if TA
described in this funds are being
NOFA. requested.
TA-only..................... A Certified Native Up to $150,000 for
CDFI, a Certifiable capacity-building
Native CDFI, an activities.
Emerging Native
CDFI, or a
Sponsoring Entity.
------------------------------------------------------------------------
2. Native CDFI Certification Requirements: For purposes of this
NOFA, eligible FA Applicants include Certified Native CDFIs and
Certifiable Native CDFIs; eligible TA Applicants include Certified
Native CDFIs, Certifiable Native CDFIs, Emerging Native CDFIs, and
Sponsoring Entities, defined as follows:
(a) Certified Native CDFIs: For purposes of this NOFA, a Certified
Native CDFI is an entity that has received official notification from
the CDFI Fund that it meets all CDFI certification requirements as of
the date of publication of this NOFA, the certification of which has
not expired and that has not been notified by the CDFI Fund that its
certification has been terminated. In cases where the CDFI Fund
provided Native CDFIs with written notification that their
certifications had been extended, the CDFI Fund will consider the
extended certification date (the later date) to determine whether those
Native CDFIs meet this eligibility requirement. When applicable, each
such Applicant must submit a Certification of Material Events form to
the CDFI Fund not later than the deadline indicated in Section IV. F.
Application Deadlines. The Certification of Material Events form can be
found on the CDFI Fund's Web site at http://www.CDFIfund.gov.
(b) Certifiable Native CDFIs: For purposes of this NOFA, a
Certifiable Native CDFI is an entity from which the CDFI Fund has
received a complete CDFI Certification application no later than the
deadline indicated in Section IV. F--Application Deadlines, evidencing
that the Applicant meets the requirements to be certified as a Native
CDFI. The CDFI Certification application can be found on the CDFI
Fund's Web site at http://www.CDFIfund.gov. If the CDFI Fund is unable
to certify the organization as a Native CDFI based on the CDFI
certification application submitted to the CDFI Fund, it is in the sole
discretion of the CDFI Fund to terminate the award commitment. While a
Certifiable Native CDFI may be conditionally selected for a FA award,
the CDFI Fund will not enter into an Assistance Agreement or disburse
award funds unless and until the CDFI Fund has officially certified the
organization as a Native CDFI.
(c) Emerging Native CDFIs: For purposes of this NOFA, an Emerging
Native CDFI is an entity that demonstrates to the CDFI Fund's
satisfaction that it has a reasonable plan to be a certified Native
CDFI within two calendar years after both entities enter into an
Assistance Agreement or such other date selected by the CDFI Fund.
Emerging Native CDFIs may apply for TA grants only and are not eligible
to apply for FA awards. Each Emerging Native CDFI selected to receive a
TA grant will be required, pursuant to its Assistance Agreement with
the CDFI Fund, to become certified as a Native CDFI by a certain date.
(d) Sponsoring Entities: For the purposes of this NOFA, a
Sponsoring Entity is an entity that proposes to create a separate legal
entity that will become a certified Native CDFI. Sponsoring Entities
include: (a) A Tribe, Tribal entity, Alaska Native Village, Village
Corporation, Regional Corporation, Non-Profit Regional Corporation/
Association, or Inter-Tribal or Inter-Village organization; or (b) an
organization whose primary mission is to serve a Native Community
including, but not limited to, an Urban Indian Center, Tribally
Controlled Community College, community development corporation (CDC),
training or education organization, or Chamber of Commerce, and that
primarily serves a Native Community (meaning, at least 50 percent of
its activities are directed toward the Native Community). Sponsoring
Entities may only apply for TA grants; they are not eligible to apply
for FA awards. Each Sponsoring Entity that is selected to receive a TA
grant will be required, pursuant to its Assistance Agreement with the
CDFI Fund, to create a legal entity by a certain date that will, in
turn, seek Native CDFI certification and to transfer remaining award
funds to that Native CDFI upon certification.
3. Limitation on Awards: An Applicant may receive only one FA award
through the FY 2011 Funding Round of the CDFI Program or the NACA
Program. A NACA Program Applicant, its Subsidiaries, or Affiliates also
may apply for and receive a Bank Enterprise Award (BEA) Program award,
provided however that the activities approved for BEA Program awards
were not funded by the proceeds of a NACA Program award. A NACA Program
Applicant, its Subsidiaries, or Affiliates also may apply for and
receive a tax credit allocation through the New Markets Tax Credit
(NMTC) Program, but only to the extent that the activities approved for
NACA Program awards are different from those activities for which the
Applicant receives a NMTC Program allocation.
B. Prior Awardees: Applicants must be aware that success in a prior
round of any of the CDFI Fund's programs is not indicative of success
under this NOFA. For purposes of this section, the CDFI Fund will
consider an Affiliate to be any entity that meets the definition of
Affiliate in the Regulations or an entity otherwise identified as an
Affiliate by the Applicant in its funding application under this NOFA.
Prior Awardees should note the following:
1. $5 million Funding Cap: Congress waived the $5 million funding
cap for the FY 2009 and FY 2010 Funding Rounds, and it is possible that
the $5 million funding cap may be waived for the FY 2011 Funding Round
as well. As of the publication date of this NOFA, however, such a
waiver has not been enacted into law. Accordingly, the CDFI
[[Page 68029]]
Fund is currently prohibited from obligating more than $5 million in
assistance, in the aggregate, to any one organization and its
Subsidiaries and Affiliates during any three-year period. In general,
the three-year period extends back three years from the date that the
CDFI Fund signs an award agreement; for purposes of this NOFA, and for
ease of administration, the CDFI Fund will consider any assistance
documented with a Notice of Award or Assistance Agreement dated between
July 1, 2008 and July 1, 2011 (which is the anticipated date that the
CDFI Fund will issue assistance agreements for the FY 2011 Funding
Round). However, in light of the possibility of a waiver of the $5
million funding cap, an Applicant who is otherwise eligible under this
NOFA, and is requesting an award amount that would cause the Applicant
to exceed the $5 million funding cap, should submit an Application
under this NOFA. The CDFI Fund will assess applicability of the $5
million funding cap during the award selection phase based upon whether
the Congressional waiver has been enacted at that time.
2. Failure to Meet Reporting Requirements: The CDFI Fund will not
consider an application submitted by an Applicant if the Applicant, or
an Affiliate of the Applicant, is a prior Awardee or Allocatee under
any CDFI Fund program and is not current on the reporting requirements
set forth in a previously executed assistance, allocation, or award
agreement(s), as of the applicable application deadline of this NOFA.
Please note that the CDFI Fund only acknowledges the receipt of reports
that are complete. As such, incomplete reports or reports that are
deficient of required elements will not be recognized as having been
received.
3. Pending Resolution of Noncompliance: If an Applicant is a prior
Awardee or Allocatee under any CDFI Fund program and if (i) it has
submitted complete and timely reports to the CDFI Fund that demonstrate
noncompliance with a previous assistance, allocation, or award
agreement, and (ii) the CDFI Fund has yet to make a final determination
as to whether the entity is in default of its previous assistance,
allocation, or award agreement, the CDFI Fund will consider the
Applicant's application under this NOFA pending full resolution, in the
sole determination of the CDFI Fund, of the noncompliance. Further, if
an Affiliate of the Applicant is a prior CDFI Fund Awardee or Allocatee
and if such entity (i) has submitted complete and timely reports to the
CDFI Fund that demonstrate noncompliance with a previous assistance,
allocation, or award agreement and (ii) the CDFI Fund has yet to make a
final determination as to whether the entity is in default of its
previous assistance, allocation, or award agreement, the CDFI Fund will
consider the Applicant's application under this NOFA pending full
resolution, in the sole determination of the CDFI Fund, of the
noncompliance.
4. Default Status: The CDFI Fund will not consider an application
submitted by an Applicant that is a prior Awardee or Allocatee under
any CDFI Fund program if, as of the applicable application deadline of
this NOFA, the CDFI Fund has made a final determination that such
Applicant is in default of a previously executed assistance,
allocation, or award agreement(s). Further, an entity is not eligible
to apply for an award pursuant to this NOFA if, as of the applicable
application deadline of this NOFA, the CDFI Fund has made a final
determination that an Affiliate of the Applicant is a prior Awardee or
Allocatee under any CDFI Fund program and has been determined by the
CDFI Fund to be in default of a previously executed assistance,
allocation, or award agreement(s). Such entities will be ineligible to
apply for an award pursuant to this NOFA so long as the Applicant's, or
its Affiliate's, prior award or allocation remains in default status or
such other time period as specified by the CDFI Fund in writing.
5. Termination in Default: The CDFI Fund will not consider an
application submitted by an Applicant that is a prior Awardee or
Allocatee under any CDFI Fund program if (i) within the 12-month period
prior to the applicable application deadline of this NOFA, the CDFI
Fund has made a final determination that such Applicant`s prior award
or allocation terminated in default of a previously executed
assistance, allocation, or award agreement(s), and (ii) the final
reporting period end date for the applicable terminated assistance,
allocation, or award agreement(s) falls within the 12-month period
prior to the application deadline of this NOFA. Further, an entity is
not eligible to apply for an award pursuant to this NOFA if (i) within
the 12-month period prior to the applicable application deadline, the
CDFI Fund has made a final determination that an Affiliate of the
Applicant is a prior Awardee or Allocatee under any CDFI Fund program
whose award or allocation terminated in default of a previously
executed assistance, allocation, or award agreement(s), and (ii) the
final reporting period end date for the applicable terminated
assistance, allocation, or award agreement(s) falls within the 12-month
period prior to the application deadline of this NOFA.
6. Undisbursed Award Funds: The CDFI Fund will not consider an
Applicant's application if the Applicant or an Affiliate of the
Applicant is a prior Awardee under any CDFI Fund program and has
undisbursed award funds (as defined below) as of this NOFA's
application deadline. The Fund will include the combined undisbursed
prior awards, as of this NOFAs application deadline, of the Applicant
and affiliated entities, including those in which the affiliated entity
Controls the Applicant, is Controlled by the Applicant, or shares
common management officials with the Applicant as determined by the
Fund.
Undisbursed BEA Program award funds will be included in the
calculation of undisbursed awards for the Applicant (and any
Affiliates) from three to five calendar years prior to the end of the
calendar year of this NOFA's application deadline. Thus, for purposes
of this NOFA, undisbursed awards made in FYs 2005, 2006, and 2007 will
be included in the calculation for the Applicant's undisbursed award
amounts if the funds have not been disbursed as of this NOFA's
application deadline.
Undisbursed funds for the CDFI and NACA Programs will be calculated
by adding all undisbursed award amounts made to the Applicant (and any
Affiliates) two to five calendar years prior to the end of the calendar
year of this NOFA. Therefore, undisbursed CDFI Program and NACA awards
made in FYs 2005, 2006, 2007, and 2008 will be included in the
undisbursed calculation as of this NOFA's application deadline.
Undisbursed awards can not exceed five percent of the total
includable awards for the Applicant's BEA/CDFI/NACA awards, as of this
NOFA's application deadline. (The total ``includable'' award amount is
the total award amount from the relevant Fund program.) Please refer to
an example of this calculation on the Fund's Web site, found in the Q&A
document for the FY 2011 Funding Round.
The ``undisbursed award funds'' calculation does not include: (i)
Tax credit allocation authority made available through the NMTC
Program; (ii) award funds the Awardee has requested from the Fund by
submitting a full and complete disbursement request before this NOFA's
application deadline; (iii) award funds for an award that the Fund has
terminated or de-obligated; or (iv) award funds for an award that does
not have a fully executed assistance or award agreement. The Fund
encourages Applicants to
[[Page 68030]]
request their undisbursed funds from the Fund at least 10 business days
prior to this NOFA's application deadline.
7. Contact the CDFI Fund: Applicants that are prior CDFI Fund
Awardees are advised to: (i) Comply with requirements specified in
assistance, allocation, and/or award agreement(s), and (ii) contact the
CDFI Fund to ensure that all necessary actions are underway for the
disbursement or deobligation of any outstanding balance of said prior
award(s). An Applicant that is unsure about the disbursement status of
any prior award should contact the CDFI Fund via e-mail at
[email protected].
C. Matching Funds: Congress waived the matching funds requirements
for the FY 2009 and the FY 2010 Funding Rounds, and it is possible that
the matching funds requirements may be waived for the FY 2011 Funding
Round as well. As of the publication date of this NOFA, however, such a
waiver has not been enacted into law. Accordingly, the CDFI Fund
encourages Applicants to include matching funds documentation as
instructed in the application; if the matching funds waiver is enacted,
the CDFI Fund will not consider matching funds documentation. An
Applicant that does not include matching funds documentation in its
application runs the risk of being determined to be ineligible for
funding under the FY 2011 Funding Round if said matching funds waiver
is not enacted. In light of the possibility of a waiver of the matching
funds requirements, an Applicant who would not satisfy the matching
funds requirements but is otherwise eligible under this NOFA should
submit an application under this NOFA. The CDFI Fund will assess
applicability of the matching funds requirements during the award
selection phase based upon whether the Congressional waiver has been
enacted at that time.
Accordingly, subject to the immediately preceding paragraph:
1. Applicants responding to this NOFA must obtain non-Federal
matching funds from sources other than the Federal government on the
basis of not less than one dollar for each dollar of FA funds provided
by the CDFI Fund (matching funds are not required for TA grants).
Matching funds must be at least comparable in form and value to the FA
provided by the CDFI Fund. For example, if an Applicant is requesting a
FA award from the CDFI Fund, the Applicant must show that it has
obtained matching funds through commitment(s) from non-Federal sources
that are at least equal to the amount requested from the CDFI Fund.
Applicants cannot use matching funds from a prior FA award under the
NACA or CDFI Program or under another Federal grant or award program to
satisfy the matching funds requirement of this NOFA. If an Applicant
seeks to use as matching funds monies received from an organization
that was a prior Awardee under the NACA or CDFI Program, the CDFI Fund
will deem such funds to be Federal funds, unless the funding entity
establishes to the reasonable satisfaction of the CDFI Fund that such
funds do not consist, in whole or in part, of NACA or CDFI Program
funds or other Federal funds. For the purposes of this NOFA, BEA
Program awards may not be used as matching funds. The CDFI Fund
encourages Applicants to review the Regulations at 12 CFR 1805.500 et
seq. and matching funds guidance materials on the CDFI Fund's Web site
for further information.
2. Due to funding constraints and the desire to quickly deploy CDFI
Fund dollars, the CDFI Fund will not consider for a FA award any
Applicant that has no matching funds in-hand or firmly committed as of
the application deadline of this NOFA. An Applicant for a FA award must
demonstrate that it has eligible matching funds equal to no less than
25 percent of the amount of the FA award requested in-hand or firmly
committed, on or after January 1, 2009, and on or before the
application deadline. The CDFI Fund reserves the right to rescind all
or a portion of a FA award and re-allocate the rescinded award amount
to other qualified Applicant(s), if an Applicant fails to obtain in-
hand 100 percent of the required matching funds by March 14, 2012 (with
required documentation of such receipt received by the CDFI Fund not
later than March 31, 2012), or to grant an extension of such matching
funds deadline for specific Applicants selected to receive FA awards,
if the CDFI Fund deems it appropriate. For any Applicant that
demonstrates that it has less than 100 percent of matching funds in-
hand or firmly committed as of the application deadline, the CDFI Fund
will evaluate the Applicant's ability to raise the remaining matching
funds by March 14, 2012.
3. Matching Funds Terms Defined; Required Documentation. (a)
``Matching funds in-hand'' means the Applicant has actually received
the matching funds. If the matching funds are ``in-hand,'' the
Applicant must provide the CDFI Fund with acceptable written
documentation of the source, form, and amount of the matching funds
(i.e., grant, loan, deposit, and equity investment). For a loan, the
Applicant must provide the CDFI Fund with a copy of the loan agreement
and promissory note. For a grant, the Applicant must provide the CDFI
Fund with a copy of the grant letter or agreement for all grants of
$50,000 or more. For an equity investment, the Applicant must provide
the CDFI Fund with a copy of the stock certificate and any related
shareholder agreement. Further, if the matching funds are ``in-hand'',
the Applicant must provide the CDFI Fund with acceptable documentation
that evidences its receipt of the matching funds proceeds, such as a
copy of a check or a wire transfer statement.
(b) ``Firmly committed matching funds'' means the Applicant has
entered into or received a legally binding commitment from the matching
funds source that the matching funds will be disbursed to the
Applicant. If the matching funds are ``firmly committed,'' the
Applicant must provide the CDFI Fund with acceptable written
documentation to evidence the source, form, and amount of the firm
commitment (and, in the case of a loan, the terms thereof), as well as
the anticipated date of disbursement of the committed funds.
4. The CDFI Fund may contact the matching funds source to discuss
the matching funds and the documentation provided by the Applicant. If
the CDFI Fund determines that any portion of the Applicant's matching
funds is ineligible under this NOFA, the CDFI Fund, in its sole
discretion, may permit the Applicant to offer alternative matching
funds as a substitute for the ineligible matching funds; provided,
however, that (i) the Applicant must provide acceptable alternative
matching funds documentation within two business days of the CDFI
Fund's request and (ii) the alternative matching funds documentation
cannot increase the total amount of Financial Assistance requested by
the Applicant.
5. Special Rule for Insured Credit Unions: The Regulations allow an
Insured Credit Union to use retained earnings to serve as matching
funds for a FA grant in an amount equal to: (i) The increase in
retained earnings that has occurred over the Applicant's most recent
fiscal year; (ii) the annual average of such increases that has
occurred over the Applicant's three most recent fiscal years; or (iii)
the entire retained earnings that have been accumulated since the
inception of the Applicant, as provided in the Regulations. For
purposes of this NOFA, if option (iii) is used, the Applicant must
increase its member and/or non-member shares or total loans outstanding
by an amount that is equal to the amount of retained earnings that is
committed as matching funds.
[[Page 68031]]
This amount must be raised by the end of the Awardee's second
performance period, as set forth in its Assistance Agreement, and will
be based on amounts reported in the Applicant's Audited or Reviewed
Financial Statements or NCUA Form 5300 Call Report. The CDFI Fund will
assess the likelihood of this increase during the application review
process. An award will not be made to any Applicant that has not
demonstrated that it has increased shares or loans by at least 25
percent of the requested FA award amount between December 31, 2009 and
December 31, 2010, as demonstrated by the corresponding NCUA report.
IV. Application and Submission Information
A. MyCDFIFund Accounts: All Applicants must register user and
organization accounts in myCDFIFund, the CDFI Fund's Internet-based
interface. An Applicant must be registered as both a user and an
organization in myCDFIFund as of the applicable application deadline in
order to be considered to have submitted a complete application. As
myCDFIFund is the CDFI Fund's primary means of communication with
Applicants and Awardees, organizations must make sure that they update
the contact information in their myCDFIFund accounts before the
applicable application deadline. For more information on myCDFIFund,
please see the ``Frequently Asked Questions'' link posted at https://www.cdfifund.gov/myCDFI/Help/Help.asp.
B. Form of Application Submission: Applicants must submit
applications under this NOFA electronically. Applications sent by
email, mail, facsimile, or other forms will not be accepted except in
circumstances the CDFI Fund approves beforehand.
C. Applications Submitted via Grants.gov: For the FY 2011 Funding
Round, in compliance with Public Law 106-107 and Section 5(a) of the
Federal Financial Assistance Management Improvement Act of 1999, the
CDFI Fund is accepting applications submitted through the Grants.gov
electronic system. Applicants are encouraged to start the registration
process upon review of the NOFA at http://www.Grants.gov. The process
may take several weeks to fully complete. See the following link for
information on getting started on Grants.gov: http://grants.gov/assets/GrantsgovCoBrandBrochure8X11.pdf. Please note that the CDFI Fund will
not accept applications through myCDFIFund.
D. Application Content Requirements: Detailed application content
requirements, including the required elements of the Comprehensive
Business Plan, are found in the application and guidance. Each
Applicant must provide, as part of its application submission, a Dun
and Bradstreet Data Universal Numbering System (DUNS) number pursuant
to OMB guidance (68 FR 38402). In addition, each application must
include a valid and current Employer Identification Number (EIN). An
electronic application that does not include an EIN is incomplete and
cannot be transmitted to the CDFI Fund through Grants.gov. Applicants
should allow sufficient time for the Internal Revenue Service (IRS)
and/or Dun and Bradstreet to respond to inquiries and/or requests for
identification numbers. Once an application is submitted, the Applicant
will not be allowed to change any element of the application. The
preceding sentences do not limit the CDFI Fund's ability to contact an
Applicant for the purpose of obtaining clarifying or confirming
application information.
E. 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. Pursuant to the
Paperwork Reduction Act, the application has been assigned the
following control number: 1559-0025.
F. Application Deadlines: 1. The following are the deadlines for
submission of the NACA Program Funding Application, the CDFI
Certification Application, and the Certification of Material Events
form:
Table 2--FY 2011 NACA Program Deadlines
[All eastern time deadlines]
----------------------------------------------------------------------------------------------------------------
Document Must be received by: Deadlines for contacting CDFI Fund staff
----------------------------------------------------------------------------------------------------------------
CDFI Certification Application.. Thursday, December 2, Wednesday, December 1, 2010 by 5 p.m.
2010 by 5 p.m.
Certification of Material Events Thursday, December 2, Wednesday, December 1, 2010 by 5 p.m.
Form. 2010 by 5 p.m.
NACA Program Funding Application Wednesday, December 22, Monday, December 20, 2010 by 11:59 p.m.
2010 by 11:59 p.m.
----------------------------------------------------------------------------------------------------------------
2. Late Delivery: The CDFI Fund will neither accept a late
application nor any portion of an application that is late; an
application that is late, or for which any portion is late, will be
rejected. The CDFI Fund will not grant exceptions or waivers. Any
application that is deemed ineligible will not be returned to the
Applicant.
G. Intergovernmental Review: Not applicable.
H. Funding Restrictions: For allowable uses of FA proceeds, please
see the Regulations at 12 CFR 1805.301.
V. Application Review Information
A. Format: Funding applications must be single-spaced and use a 12-
point font with 1-inch margins. Each section in the application that is
scored has page limitations. Applicants are encouraged to read each
section carefully and to remain within the page limitations for each
section. The CDFI Fund will not consider responses beyond the specified
page limitation in each section. Also, the CDFI Fund will read only
information requested in the application and will not read attachments
that have not been specifically requested in this NOFA or the
application, such as the Applicant's five-year strategic or marketing
plans.
B. Criteria: The CDFI Fund will evaluate each application on a 100-
point scale using numeric scores with respect to the five sections
required in the application. The CDFI Fund will score each section as
indicated in the following table:
Table 3--Application Scoring Criteria
------------------------------------------------------------------------
Scoring
Application sections points
------------------------------------------------------------------------
Market Analysis.............................................. 25
Business Strategy............................................ 25
Community Development Performance & Effective Use............ 20
Management................................................... 20
Financial Health & Viability................................. 10
------------------------------------------------------------------------
[[Page 68032]]
C. Technical Assistance Proposal: Any Applicant applying for a TA
grant, either alone or in conjunction with a request for a FA award,
must complete a Technical Assistance Proposal (TAP) as part of its
application. The TAP consists of a summary of the organizational
improvements needed to achieve the objectives of the Comprehensive
Business Plan, a budget, and a description of the requested goods and/
or services comprising the TA award request. The budget and
accompanying narrative will be evaluated for the eligibility and
appropriateness of the proposed uses of the TA grant (described above).
In addition, if the Applicant identifies a capacity-building need
related to any of the evaluation criteria above (for example, if the
Applicant requires a market need analysis or a community development
impact tracking/reporting system), the CDFI Fund will assess its plan
to use the TA grant to address said needs.
1. Non-Certified Applicants: An Applicant that is not a Certified
Native CDFI and that requests TA to address certification requirements
must explain how the requested TA grant will assist the Applicant in
meeting the certification requirements. The CDFI Fund will assess the
reasonableness of the plan to become certified (as specified above in
Section III, Eligibility Information; A.3. Native CDFI Certification
Requirements), taking into account the requested TA. For example, if
the Applicant does not currently make loans and therefore does not meet
the Financing Entity requirement, it might describe how the TA funds
will be used to hire a consultant to develop underwriting policies and
procedures to support the Applicant's ability to start its lending
activity.
2. Recurring Activities: An Applicant that requests a TA grant for
recurring activities must clearly describe the benefit that would
accrue to its capacity or to its Target Market(s) (such as plans for
expansion of staff, market, products or annual conference attendance)
as a result of the TA grant. If the Applicant is a prior CDFI Fund
Awardee, it must describe how it has used the prior assistance and
explain the need for additional CDFI Fund dollars over and above such
prior assistance.
D. Review and Selection Process: 1. Eligibility and Completeness
Review: The CDFI Fund will review each application to determine whether
it is complete and the Applicant meets the eligibility requirements set
forth above. An incomplete application does not meet eligibility
requirements and will be rejected. Any application that does not meet
eligibility requirements will not be returned to the Applicant.
2. Substantive Review: If an application is determined to be
complete and the Applicant is determined to be eligible, the CDFI Fund
will conduct the substantive review of the application in accordance
with the criteria and procedures described in the Regulations, this
NOFA, and the application and guidance. As part of the review process,
the CDFI Fund may contact the Applicant by telephone, e-mail, mail, or
through an on-site visit for the sole purpose of obtaining clarifying
or confirming application information (such as statements of work,
matching funds documentation, or DUNS numbers for example). After
submitting its application, the Applicant will not be permitted to
revise or modify its application in any way nor attempt to negotiate
the terms of an award. If contacted for clarifying or confirming
information, the Applicant must respond within the time parameters set
by the CDFI Fund.
3. Application Scoring; Ranking: (a) Application Scoring: The CDFI
Fund will evaluate each application on a 100-point scale, comprising
the five criteria categories described above, and assign numeric
scores. An Applicant must receive a minimum score in each evaluation
criteria in order to be considered for an award.
(b) Evaluating Prior Award Performance: In the case of an Applicant
that has previously received funding through any CDFI Fund program, the
CDFI Fund will consider and will deduct points for: (i) The Applicant's
noncompliance with any active award or award that terminated in the
current calendar year in meeting its performance goals and measures,
reporting deadlines, and other requirements set forth in the assistance
or award agreement(s) with the CDFI Fund during the Applicant's two
complete fiscal years prior to the application deadline of this NOFA;
(ii) the Applicant's failure to make timely loan payments to the CDFI
Fund during the Applicant's two complete fiscal years prior to the
application deadline of this NOFA (if applicable); (iii) performance on
any prior Assistance Agreement as part of the overall assessment of the
Applicant's ability to carry out its Comprehensive Business Plan; and
(iv) funds deobligated from a FY 2008, 2009, or 2010 FA award (if the
Applicant is applying for a FA award under this NOFA) if (A) the amount
of deobligated funds is at least $200,000 and (B) the deobligation
occurred within the 12 months prior to the application deadline under
this NOFA. Any award deobligations that result in a point deduction for
an application submitted under this NOFA will not be counted against
future applications for FA through the NACA Program. In the case of an
Applicant that has previously received funding through any CDFI Fund
program, the CDFI Fund will consider and may, in its discretion, deduct
points for those Applicants that have in any proceeding instituted
against the Applicant in, by, or before any court, governmental, or
administrative body or agency received a final determination within the
last three years indicating that the Applicant has discriminated on the
basis of race, color, national origin, disability, age, marital status,
receipt of income from public assistance, religion, or sex.
(c) Ranking: The CDFI Fund then will rank the applications by their
scores, from highest to lowest.
4. Award Selection: The CDFI Fund will make its final award
selections based on the rank order of Applicants by their scores and
the amount of funds available. In the case of a tied score(s),
Applicants will be ranked according to each Applicant's combined scores
in the Market Analysis, Business Strategy, and Community Development
Performance & Effective Use sections; then the score on the Financial
Health and Viability section; then the score on the Management section.
In addition, the CDFI Fund shall consider the institutional and
geographic diversity of Applicants when making its funding decisions.
5. Insured Native CDFIs: In the case of Insured Depository
Institutions and Insured Credit Unions, the CDFI Fund will consider the
views of the Appropriate Federal Banking Agencies. Throughout the award
review process, the CDFI Fund will consult with the Appropriate Federal
Banking Agency about the Applicant's financial safety and soundness. If
the Appropriate Federal Banking 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. If it is determined the Applicant is
incapable of meeting its obligations, the CDFI Fund reserves the right
to deselect the Applicant from receiving an award. The CDFI Fund also
reserves the right to require insured NACA Applicants to improve safety
and soundness conditions prior to receiving an award disbursement. In
addition, the CDFI Fund will take into consideration Community
Reinvestment Act
[[Page 68033]]
assessments of Insured Depository Institutions and/or their Affiliates.
6. Award Notification: Each Applicant will be informed of the CDFI
Fund's award decision either through notification in the Applicant's
myCDFIFund account, via e-mail to the Applicant's Authorized Official
Representative. This includes notification to Applicants who are not
receiving an award if the decision is based on reasons other than
completeness and eligibility. The CDFI Fund will provide feedback in a
format and within a timeframe depending on available resources.
7. The CDFI Fund reserves the right to reject an application if
information (including administrative errors) comes to the attention of
the CDFI Fund that either adversely affects an Applicant's eligibility
for an award, adversely affects the CDFI Fund's evaluation or scoring
of an application, or indicates fraud or mismanagement on the part of
an Applicant. If the CDFI Fund determines that any portion of the
application is incorrect in any material respect, the CDFI Fund
reserves the right, in its sole discretion, to reject the application.
The CDFI Fund reserves the right to change its eligibility and
evaluation criteria and procedures, if the CDFI Fund deems it
appropriate; if said changes materially affect the CDFI Fund's award
decisions, the CDFI Fund will provide information regarding the changes
through the CDFI Fund's Web site. There is no right to appeal the CDFI
Fund's award decisions. The CDFI Fund's award decisions are final.
VI. Award Administration Information
A. Assistance Agreement: Each Applicant that is selected to receive
an award under this NOFA must enter into an Assistance Agreement with
the CDFI Fund in order to receive disbursement of award proceeds. The
Assistance Agreement will set forth certain required terms and
conditions of the award, which will include, but not be limited to: (i)
The amount of the award; (ii) the type of award; (iii) the approved
uses of the award; (iv) the approved eligible market to which the
funded activity must be targeted; (v) performance goals and measures;
and (vi) reporting requirements for all Awardees. Applicants should
review the OMB Guidance: Requirements for Federal Funding
Accountability and Transparency Act Implementation (2 CFR part 170) to
ensure that they have processes and systems in place to comply with the
reporting obligations. FA and FA/TA Assistance Agreements under this
NOFA generally will have three-year performance periods; TA-only
Assistance Agreements generally will have two-year performance periods.
If prior to entering into an Assistance Agreement with the CDFI Fund,
information (including administrative error) comes to the attention of
the CDFI Fund that either adversely affects the Awardee's eligibility
for an award, or adversely affects the CDFI Fund's evaluation of the
Awardee's application, or indicates fraud or mismanagement on the part
of the Awardee, the CDFI Fund may, in its discretion and without
advance notice to the Awardee, terminate the award or take such other
actions as it deems appropriate. Moreover, if prior to entering into an
Assistance Agreement with the CDFI Fund, the CDFI Fund determines that
the Awardee or an Affiliate of the Awardee is in default of any
Assistance Agreement previously entered into with the CDFI Fund, the
CDFI Fund may, in its discretion and without advance notice to the
Awardee, either terminate the award or take such other actions as it
deems appropriate. For purposes of this section, the CDFI Fund will
consider an Affiliate to mean any entity that meets the definition of
Affiliate in the Regulations. The CDFI Fund reserves the right, in its
sole discretion, to rescind an award if the Awardee fails to return the
Assistance Agreement, signed by the Authorized Representative of the
Awardee, and/or provide the CDFI Fund with any other requested
documentation, within the deadlines set by the CDFI Fund. Each Awardee
must provide the CDFI Fund with a good standing certificate (or
equivalent documentation) from its State (or jurisdiction) of
incorporation.
1. Failure to Meet Reporting Requirements: If an Awardee or an
Affiliate of the Awardee is a prior Awardee or Allocatee under any CDFI
Fund program and is not current on the reporting requirements set forth
in the previously executed assistance, allocation, or award
agreement(s), as of the date of the Assistance Agreement, the CDFI Fund
reserves the right, in its sole discretion, to delay entering into an
Assistance Agreement until said prior Awardee or Allocatee is current
on the reporting requirements in any previously executed assistance,
allocation, or award agreement(s). Please note that the CDFI Fund only
acknowledges the receipt of reports that are complete. As such,
incomplete reports or reports that are deficient of required elements
will not be recognized as having been received. If said prior Awardee
or Allocatee is unable to meet this requirement within the timeframe
set by the CDFI Fund, the CDFI Fund reserves the right, in its sole
discretion, to terminate and rescind the Assistance Agreement and the
award made under this NOFA.
2. Pending Resolution of Noncompliance: If an Applicant is a prior
Awardee or Allocatee under any CDFI Fund program and if: (i) It has
submitted complete and timely reports to the CDFI Fund that demonstrate
noncompliance with a previous assistance, award, or allocation
agreement; and (ii) the CDFI Fund has yet to make a final determination
as to whether the entity is in default of its previous assistance,
award, or allocation agreement, the CDFI Fund reserves the right, in
its sole discretion, to delay entering into an Assistance Agreement,
pending full resolution, in the sole determination of the CDFI Fund, of
the noncompliance. Further, if an Affiliate of the Awardee is a prior
CDFI Fund Awardee or Allocatee and if such entity (i) has submitted
complete and timely reports to the CDFI Fund that demonstrate
noncompliance with a previous assistance, award, or allocation
agreement, and (ii) the CDFI Fund has yet to make a final determination
as to whether the entity is in default of its previous assistance,
award, or allocation agreement, the CDFI Fund reserves the right, in
its sole discretion, to delay entering into an Assistance Agreement,
pending full resolution, in the sole determination of the CDFI Fund, of
the noncompliance. If the prior Awardee or Allocatee in question is
unable to satisfactorily resolve the issues of noncompliance, in the
sole determination of the CDFI Fund, the CDFI Fund reserves the right,
in its sole discretion, to terminate and rescind the Assistance
Agreement and the award made under this NOFA.
3. Default Status: If, at any time prior to entering into an
Assistance Agreement through this NOFA, the CDFI Fund has made a final
determination that an Awardee that is a prior Awardee or Allocatee
under any CDFI Fund program is in default of a previously executed
assistance, allocation, or award agreement(s), the CDFI Fund reserves
the right, in its sole discretion, to delay entering into an Assistance
Agreement, until said prior Awardee or Allocatee has submitted a
complete and timely report demonstrating full compliance with said
agreement within a timeframe set by the CDFI Fund. Further, if at any
time prior to entering into an Assistance Agreement through this NOFA,
the CDFI Fund has made a final determination that an Affiliate of the
Awardee is a prior Awardee or Allocatee under any CDFI Fund
[[Page 68034]]
program and is in default of a previously executed assistance,
allocation, or award agreement(s), the CDFI Fund reserves the right, in
its sole discretion, to delay entering into an Assistance Agreement,
until said prior Awardee or Allocatee has submitted a complete and
timely report demonstrating full compliance with said agreement within
a timeframe set by the CDFI Fund. If said prior Awardee or Allocatee is
unable to meet this requirement and the CDFI Fund has not specified in
writing that the prior Awardee or Allocatee is otherwise eligible to
receive an Award under this NOFA, the CDFI Fund reserves the right, in
its sole discretion, to terminate and rescind the Assistance Agreement
and the award made under this NOFA.
4. Termination in Default: If (i) within the 12-month period prior
to entering into an Assistance Agreement through this NOFA, the CDFI
Fund has made a final determination that an Awardee is a prior Awardee
or Allocatee under any CDFI Fund program whose award or allocation was
terminated in default of such prior agreement, and (ii) the final
reporting period end date for the applicable terminated agreement falls
within the 12-month period prior to the application deadline of this
NOFA, the CDFI Fund reserves the right, in its sole discretion, to
delay entering into or determine not to enter into an Assistance
Agreement. Further, if (i) within the 12-month period prior to entering
into an Assistance Agreement through this NOFA, the CDFI Fund has made
a final determination that an Affiliate of the Awardee is a prior
Awardee or Allocatee under any CDFI Fund program whose award or
allocation was terminated in default of such prior agreement, and (ii)
the final reporting period end date for the applicable terminated
agreement falls within the 12-month period prior to the application
deadline of this NOFA, the CDFI Fund reserves the right, in its sole
discretion, to delay entering into or determine not to enter into an
Assistance Agreement.
5. Compliance with Federal Anti-Discrimination Laws: If the Awardee
has previously received funding through any CDFI Fund program, and if
at any time prior to entering into an Assistance Agreement through this
NOFA, the CDFI Fund is made aware of a final determination, made within
the last three years, in any proceeding instituted against the Awardee
in, by, or before any court, governmental, or administrative body or
agency, declaring that the Awardee has discriminated on the basis of
race, color, national origin, disability, age, marital status, receipt
of income from public assistance, religion, or sex, the CDFI Fund
reserves the right, in its sole discretion, to terminate and rescind
the award made under this NOFA.
B. Reporting: 1. Reporting Requirements: The CDFI Fund will collect
information, on at least an annual basis, from each Awardee including,
but not limited to, an Annual Report that comprises the following
components: (i) Financial Reports (including an OMB A-133 audit, as
applicable; however Financial Reports are not required of Sponsoring
Entities); (ii) Institution Level Report; (iii) Transaction Level
Report (for Awardees receiving FA awards); (iv) Financial Status Report
form SF-269/SF-425 (for Awardees receiving TA grants); (v) Uses of
Financial Assistance (for Awardees receiving FA awards); (vi)
Explanation of Noncompliance (as applicable); and (vii) such other
information as the CDFI Fund may require. Each Awardee is responsible
for the timely and complete submission of the Annual Report, even if
all or a portion of the documents actually is completed by another
entity or signatory to the Assistance Agreement. If such other entities
or signatories are required to provide Institution Level Reports,
Transaction Level Reports, Financial Reports, or other documentation
that the CDFI Fund may require, the Awardee is responsible for ensuring
that the information is submitted timely and complete. The CDFI Fund
reserves the right to contact such additional entities or signatories
to the Assistance Agreement and require that additional information and
documentation be provided. The CDFI Fund will use such information to
monitor each Awardee's compliance with the requirements set forth in
the Assistance Agreement and to assess the impact of the NACA Program.
The Institution Level Report and the Transaction Level Report must be
submitted through the CDFI Fund's Web-based data collection system, the
Community Investment Impact System (CIIS). The Financial Reports may be
submitted through CIIS. All other components of the Annual Report may
be submitted electronically, as directed, by the CDFI Fund. The CDFI
Fund reserves the right, in its sole discretion, to modify these
reporting requirements if it determines it to be appropriate and
necessary; however, such reporting requirements will be modified only
after notice to Awardees. Furthermore, in order to ensure compliance
with reporting requirements, all Awardees will be required to
participate in a post-award training session on the CDFI Fund's
reporting requirements. Awardees who fail to participate in such
training run the risk of having the award rescinded or future
applications penalized by point deductions.
2. Accounting: The CDFI Fund will require each Awardee that
receives FA and TA awards through this NOFA to account for and track
the use of said FA and TA awards. This means that for every dollar of
FA and TA awards received from the CDFI Fund, the Awardee will be
required to inform the CDFI Fund of its uses. This will require
Awardees to establish separate administrative and accounting controls,
subject to the applicable OMB Circulars. The CDFI Fund will provide
guidance to Awardees outlining the format and content of the
information to be provided on an annual basis, outlining and describing
how the funds were used. Each Awardee that receives an award must
provide the CDFI Fund with the required complete and accurate Automated
Clearinghouse (ACH) form for its bank account prior to award closing
and disbursement.
VII. Agency Contacts
A. The CDFI Fund will respond to questions and provide support
concerning this NOFA and the funding application between the hours of 9
a.m. and 5 p.m. ET, starting the date of the publication of this NOFA
through three business days prior to the application deadline. The CDFI
Fund will not respond to questions or provide support concerning the
applications that are received after 5 p.m. ET on said dates, until
after the funding application deadline. Applications and other
information regarding the CDFI Fund and its programs may be obtained
from the CDFI Fund's Web site at http://www.cdfifund.gov. The CDFI Fund
will post responses on its Web site to questions of general
applicability regarding the NACA Program.
B. The CDFI Fund's contact information is as follows:
[[Page 68035]]
Table 4--Contact Information
----------------------------------------------------------------------------------------------------------------
Telephone number
Type of question (not toll free) * E-mail addresses
----------------------------------------------------------------------------------------------------------------
NACA Program.............................. 202-622-6355 [email protected].
Certification, Compliance Monitoring and 202-622-6330 [email protected].
Evaluation.
Information Technology Support............ 202-622-2455 [email protected].
----------------------------------------------------------------------------------------------------------------
* Fax number for all offices: 202-622-7754.
C. Information Technology Support: People who have visual or
mobility impairments that prevent them from creating a Target Market
map using the CDFI Fund's Web site should call (202) 622-2455 for
assistance (this is not a toll free number).
D. Communication with the CDFI Fund: The CDFI Fund will use the
myCDFIFund Internet interface to communicate with Applicants and
Awardees, using the contact information maintained in their respective
myCDFIFund accounts. Therefore, the Applicant and any Subsidiaries,
signatories, and Affiliates must maintain accurate contact information
(including contact person and authorized representative, e-mail
addresses, fax numbers, phone numbers, and office addresses) in its
myCDFIFund account(s). For more information about myCDFIFund (which
includes information about the CDFI Fund's Community Investment Impact
System), please see the Help documents posted at http://www.cdfifund.gov/ciis/accessingciis.pdf.
VIII. Information Sessions and Outreach
The CDFI Fund may conduct webinars or host information sessions for
organizations interested in applying to, or 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. 4703, 4704, 4706, 4707, 4717; 12 CFR part
1805.
Dated: October 29, 2010.
Donna J. Gambrell,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2010-27802 Filed 11-3-10; 8:45 am]
BILLING CODE 4810-70-P