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Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices
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TABLE 8ELIGIBILITY REQUIREMENTS FOR FA APPLICANTSContinued
FA Category I SECA

FA Category II Core

FA Applicants with Community Partners.

Regulated Institution

PPCFA

DFFA

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HFFIFA

For FA Applicants, for purposes of this NOFA and per final FY 2021 appropriations language, 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 2019 and 2020 funding rounds, as well as the requested FY 2021 award, excluding DFFA and HFFIFA awards.
To be an eligible SECA Applicant, an Applicant must meet the following criteria:
1 Be a Certified CDFI;
2 Request $700,000 or less in Base-FA funds; AND EITHER
3 Have total assets as of the end of the Applicants most recent historic fiscal year in accordance with the FA Application Guidance as stated in the Applicants AMIS account and verified by internally prepared financial statements and/or audits in the following amounts:
Insured Depository Institutions and Depository Institution Holding Companies: Up to $250
million;
Insured Credit Unions and State-Insured Credit Unions: Up to $100 million;
Venture Capital Funds: Up to $5 million;
Other CDFIs: Up to $5 million; OR
Have begun operations as indicated by the financing activity start date field in the Applicants AMIS account on or after January 1, 2017.
A Core Applicant must be a Certified CDFI as defined in Table 5.
An Applicant that meets the SECA requirements stated above, and that requests more than $700,000 in Base-FA award funds is categorized as an FA Category II Core Applicant, regardless of its total assets and/or years in operation.
Such Applicants who meet SECA requirements but wish to apply as a Core FA Applicant, by requesting more than $700,000, must submit a Service Request in AMIS to request that a Core-FA Application be created by the dates specified in Tables 1 and 12. The CDFI Fund will not change an Application back to a SECA FA Application after a request to create a Core FA Application has been submitted to the CDFI Fund.
A CDFI Applicant can apply for assistance jointly with a Community Partner. The CDFI Applicant must complete the CDFI Program Application and address the Community Partnership in its business plan and other sections of the Application as specified in the Application materials.
The CDFI Applicant must be a Certified CDFI as defined in Table 5.
An Application with a Community Partner must:
Describe how the CDFI Applicant and Community Partner will each participate in the partnership and how the partnership will enhance eligible activities serving the Investment Area and/or Targeted Population.
Demonstrate that the Community Partnership activities are consistent with the strategic plan submitted by the CDFI Applicant.
Assistance provided upon approval of an Application with a Community Partner shall only be entrusted to the CDFI Applicant and shall not be used to fund any activity carried out directly by the Community Partner or an Affiliate or Subsidiary thereof.
Each Regulated Institution FA Applicant must have a CAMELS/CAMEL rating rating for banks and credit unions, respectively or equivalent type of rating by its regulator collectively referred to as CAMELS/CAMEL rating of at least 3.
FA Applicants with CAMELS/CAMEL ratings of 4 or 5 will not be eligible for awards.
The CDFI Fund will also evaluate material concerns identified by the Appropriate Federal Banking Agency in determining the eligibility of Regulated Institution Applicants.
All PPCFA Applicants must:
Submit a CDFI or NACA Program FA Application;
Meet all FA award eligibility requirements; and Provide a PPCFA award request amount in AMIS.
All DFFA Applicants must:
Submit a CDFI or NACA Program FA Application;
Meet all FA award eligibility requirements;
Submit the DFFA Application; and Provide a DFFA award request amount in AMIS.
All HFFIFA Applicants must:
Submit a CDFI or NACA Program FA Application;
Meet all FA award eligibility requirements;
Submit the HFFIFA Application; and Provide a HFFIFA award request amount in AMIS.

B. Matching Funds Requirements: In order to receive a BaseFA, PPCFA, or DFFA award, an Applicant must provide evidence of eligible dollar-fordollar Matching Funds and attest that it can provide acceptable documentation upon the CDFI Funds request as part of the Application, unless Congress waived the Matching Funds requirement. The Matching Funds requirement was waived for the FY 2021

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Funding Round for SECA FA and HFFI
FA Applicants and permanently waived for Native American CDFIs.
Therefore, HFFIFA, SECA FA, and Native American CDFI Applicants are not required to submit Matching Funds for their award requests. Matching Funds are not required for Native American CDFIs. An Applicant that represents that it has Equity Investments and/or deposits Matching Funds In-

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Hand at the time of Application submission must provide documentation of such as part of the Application. An Applicant that uses retained earnings as Matching Funds must provide supporting documentation of In-Hand and/or Committed Matching Funds at the time of Application submission. The CDFI Fund will review Matching Funds information, attestations, and supporting Matching
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