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Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices 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 under the NACA
Program, but not both. FA Awards include the Base Financial Assistance Base-FA award and the following awards that are provided as a supplement to the Base-FA award:
Healthy Food Financing InitiativeFinancial Assistance HFFIFA, Persistent Poverty Counties-Financial Assistance PPCFA, and Disability Funds-Financial Assistance DFFA.
The HFFIFA, PPCFA, and DFFA
Applications will be evaluated independently from the Base-FA
Application, and will not affect the 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.
The Indian Community Economic Enhancement Act of 2020 Pub. L. 116
261 permanently waived the Matching Funds 2 requirement for Native American CDFIs, 3 and as a result, 2 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.
3 A Native American CDFI Native CDFI is one that Primarily Serves a Native Community.
Primarily Serves is defined as 50% or more of an
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Native American CDFI FA Applicants are not required to provide Matching Funds. Additionally, TA Applicants are not required to provide Matching Funds.
1. Base-FA Awards: Base-FA awards are provided in the form of a grant. 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 NACA Program FY 2021
Funding Round will be eligible to receive a PPCFA award. PPCFA
awards are provided in the form of a grant. The CDFI Fund reserves the right, in its sole discretion, to provide a PPC
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.
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 NACA Program FY
2021 Funding Round will be eligible to receive a DFFA award. DFFA awards are provided in the form of a grant for Native American CDFIs. 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 NACA
Program FY 2021 Funding Round will be eligible to receive an HFFIFA
award. HFFIFA awards are provided in the form of a grant for Native American CDFIs. 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.
Applicants activities being directed to a Native Community.

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5. 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 that which the Applicant requests;
however, the TA grant amount will not exceed the Applicants request as stated in its Application.
C. Eligible Activities:
1. FA Awards: Base-FA, PPCFA, DF
FA, and HFFIFA award funds may be expended for activities serving Commercial Real Estate, Small Business, Microenterprise, Community Facilities, Consumer Financial Products, Consumer Financial Services, Commercial Financial Products, Commercial Financial Services, Affordable Housing, Intermediary Lending to Non-Profits and CDFIs, and other lines of business as deemed appropriate by the CDFI Fund in the following five categories: i Financial Products; ii Financial Services; iii Loan Loss Reserves; iv Development Services; and v Capital Reserves. The FA Budget is the amount of the award and must be expended in the five eligible activity categories prior to the end of the Budget Period. 4 None of the eligible activity categories will be authorized for Indirect Costs or an associated Indirect Cost Rate. Base-FA
Recipients must meet PG&Ms, which will be derived from projections and attestations provided by the Applicant in its Application, to achieve one or more of the following FA Objectives: i Increase Volume of Financial Products in an Eligible Markets and/or in the Applicants approved Target Market and/or Increase Volume of Financial Services in an Eligible Markets and/or in the Applicants approved Target Market; ii Serve Eligible Markets or the Applicants approved Target Market in New Geographic Area or Areas; iii Provide New Financial Products in an Eligible Markets and/or in the Applicants approved Target Market, Provide New Financial Services in an Eligible Markets and/or in the Applicants approved Target Market, or Provide New Development Services in an Eligible Markets and/or in the Applicants approved Target Market;
and iv Serve New Targeted Population or Populations. At the end of each year of the Period of Performance, 50% or more of the Financial Products closed by NACA Recipients must be in Native Communities. FA awards may only be used for Direct Costs associated with an eligible activity; no indirect expenses 4 Budget Period means the time interval from the start date of a funded portion of an award to the end date of that funded portion during which Recipients are authorized to expend the funds awarded.

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