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Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices
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Base-FA Application evaluation or BaseFA award amount.
However, Applicants that qualify for the NACA Program may submit two Applications: One Applicationeither for a TA grant or an FA award, but not boththrough the CDFI Program, and one Applicationeither for a TA grant or an FA award, but not boththrough the NACA Program. NACA qualified Applicants that choose to apply for awards through both the CDFI Program and the NACA Program may either apply for the same type of award under each Program or for a different type of award under each Program. NACA
qualified FA Applicants that choose to apply for an FA award under both the NACA Program and CDFI Program and are selected for an award under both Programs will be provided the FA award under the CDFI Program. NACA
qualified TA Applicants that choose to apply for a TA award under both the NACA Program and CDFI Program and are selected for an award under both Programs will be provided the TA
award under the NACA Program. NACA
qualified Applicants that choose to apply for a TA award and a FA award under separate programs will be provided the larger of the two awards.
NACA Applicants cannot receive an award under both Programs within the same funding round.
Category II Core FA Applicants applying for Base-FA, PPCFA, and/or DFFA must provide evidence of acceptable Matching Funds 3 see Table 9 for more information, except Native American CDFIs 4 applying under this NOFA, which are exempt from the Matching Funds requirement.5 Native American CDFIs that qualify as a Category II Core FA Applicant are not required to submit Matching Funds for their award requests. Additionally, the Matching Funds requirement for HFFI
FA and SECA FA Applicants is waived in the enacted FY 2021 Consolidated Appropriations Act. Therefore, HFFI
3 Matching Funds shall mean funds from sources other than the Federal government as defined in accordance with the CDFI Program Regulations at 12 CFR 1805.500.
4 A Native American CDFI Native CDFI is one that Primarily Serves a Native Community.
Primarily Serves is defined as 50% or more of an Applicants activities being directed to a Native Community. For purposes of this NOFA, a Native Community is defined as 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.
5 The Indian Community Economic Enhancement Act of 2020 Pub. L. 116261 permanently waives the Matching Funds requirement for Native American CDFIs that receive Assistance from the CDFI Fund.

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FA and SECA FA Applicants are not required to submit Matching Funds for their award requests. TA Applicants are not required to provide Matching Funds.
1. Base-FA Awards: Base-FA awards can be in the form of loans, grants, Equity Investments, deposits and credit union shares. The form of the Base-FA
award is based on the form of the Matching Funds that the Applicant includes in its Application, unless Congress waived the Matching Funds requirement. The Matching Funds requirement was waived for the FY 2021
Funding Round for SECA FA
Applicants and permanently waived for Native American CDFIs. Therefore, the Base-FA award will be in the form of a grant for SECA FA and Native American CDFI Applicants. Matching Funds are required for Category II Core Applicants applying for Base-FA
awards, with the exception of Native American CDFIs, and must be from nonFederal 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 a Base-FA award in an amount other than that which the Applicant requests; however, the award amount will not exceed the Applicants award request as stated in its Application.
2. Persistent Poverty Counties Financial Assistance PPCFA Awards:
PPCFA awards will be provided as a supplement to Base-FA awards;
therefore, only those Applicants that are selected to receive a Base-FA award through the CDFI Program FY 2021
Funding Round will be eligible to receive a PPCFA award. PPCFA
awards can be in the form of loans, grants, Equity Investment, deposits and credit union shares. The form of the PPCFA award is based on the form of the Matching Funds that the Applicant includes in its Application, unless Congress waived the Matching Funds requirement. The Matching Funds requirement was waived for the FY 2021
Funding Round for SECA FA
Applicants and permanently waived for Native American CDFIs. Therefore, the PPCFA award will be in the form of a grant for SECA FA and Native American CDFI Applicants. Matching Funds are required for Category II Core Applicants applying for PPCFA
awards, with the exception of Native American CDFIs, and must be from nonFederal 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 a PPCFA award in an amount other than that which the Applicant requests; however, the award amount
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will not exceed the Applicants award request as stated in its Application.
3. Disability FundsFinancial Assistance DFFA Awards: DFFA
awards will be provided as a supplement to Base-FA awards;
therefore, only those Applicants that have been selected to receive a Base-FA
award through the CDFI Program FY
2021 Funding Round will be eligible to receive a DFFA award. DFFA awards can be in the form of loans, grants, Equity Investments, deposits and credit union shares. The form of the DFFA
award is based on the form of the Matching Funds that the Applicant includes in its Application, unless Congress waived the Matching Funds requirement. The Matching Funds requirement was waived for the FY 2021
Funding Round for SECA FA
Applicants and permanently waived for Native American CDFIs. Therefore, the DFFA award will be in the form of a grant for SECA FA and Native American CDFI Applicants. Matching Funds are required for Category II Core Applicants applying for DFFA awards, with the exception of Native American CDFIs, and 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 a DFFA award in an amount other than that which the Applicant requests;
however, the award amount will not exceed the Applicants award request as stated in its Application.
4. Healthy Food Financing Initiative Financial Assistance HFFIFA
Awards: HFFIFA awards will be provided as a supplement to Base-FA
awards; therefore, only those Applicants that have been selected to receive a Base-FA award through the CDFI
Program FY 2021 Funding Round will be eligible to receive an HFFIFA
award. HFFIFA awards can be in the form of loans, grants, Equity Investments, deposits and credit union shares. The form of the HFFIFA award is based on the form of the Matching Funds that the Applicant includes in its Application, unless Congress waived the Matching Funds requirement. The Matching Funds requirement was waived for the FY 2021 Funding Round for HFFIFA Applicants and permanently waived for Native American CDFIs. Therefore, all HFFI
FA awards will be in the form of a grant.
The CDFI Fund reserves the right, in its sole discretion, to provide an HFFIFA
award in an amount other than that which the Applicant requests; however, the award amount will not exceed the Applicants award request as stated in its Application.

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