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Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices
CDFI Fund will make awards to the highest scoring Applicants first.

TABLE 16STEP 3 DFFA APPLICATION SCORING CRITERIA
Section
Possible scores
DFFA Narrative Questions

1, 2, or 3

1

Total DFFA Score

1, 2, or 3

1

5. Technical Assistance TA
Application Scoring, Award Selection, Review, and Selection Process: The CDFI Fund will evaluate each Application to determine its eligibility pursuant to Section III of this NOFA. If the Application satisfies the eligibility criteria, the CDFI Fund will evaluate the TA Application. Sponsoring Entity or Emerging CDFI Applicants must receive a rating of Low Risk or Medium Risk in Section I of the TA Business Plan Review to progress to Section II of the TA Business Plan Review. Sponsoring Entity, or Emerging CDFI Applicants that receive a rating of High Risk in Section I of the TA Business Plan Review will not be considered for an award. Section I of the TA Business Plan Review is not applicable for
Certified CDFI Applicants. Sponsoring Entity, Emerging CDFI, and Certified CDFI Applicants must receive a rating of Low Risk or Medium Risk in Section II
of the TA Business Plan Review to be considered for an award. Applicants that receive a rating of High Risk in Section II of the TA Business Plan Review will not be considered for an award.
An Applicant that is a Certified CDFI
will be evaluated on the demonstrated need for TA funding to build the CDFIs capacity, further the Applicants strategic goals, and achieve impact within the Applicants Target Market.
An Applicant that is an Emerging CDFI
will be evaluated on the Applicants demonstrated capability and plan to achieve CDFI certification within three
High score
years, or if a prior Recipient, the certification PG&M stated in its prior Assistance Agreement. An Applicant that is an Emerging CDFI will also be evaluated on its demonstrated need for TA funding to build the CDFIs capacity and further its strategic goals. An Applicant that is a Sponsoring Entity will be rated on its demonstrated capability to create a separate legal entity within one year that will achieve CDFI certification within four years. An Applicant that is a Sponsoring Entity will also be rated on its demonstrated need for TA funding to build the CDFIs capacity and further its strategic goals.
The CDFI Fund will rate each part of the TA Business Plan Review as indicated in Table 17.

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TABLE 17TA BUSINESS PLAN REVIEW
Business plan review component
Applicant type
Section I:
Primary Mission
Financing Entity
Target Market

Sponsoring Entity and Emerging CDFI Applicants
Sponsoring Entity and Emerging CDFI Applicants
Sponsoring Entity and Emerging CDFI Applicants

Accountability
Development Services
Section II:
Target Market Needs & Strategy.
Organizational Capacity
Management Capacity

Sponsoring Entity and Emerging CDFI Applicants
Sponsoring Entity and Emerging CDFI Applicants
Sponsoring Entity, Emerging CDFI, and Certified Applicants

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Low Risk, Medium Risk, or High Risk.

Low Risk, Medium Risk, or High Risk.

Sponsoring Entity, Emerging CDFI, and Certified Applicants.
Sponsoring Entity, Emerging CDFI, and Certified Applicants.

Each TA Application will be evaluated by one internal CDFI Fund reviewer. All Applications will be reviewed in accordance with CDFI Fund standard reviewer evaluation materials for the Business Plan Review.
The CDFI Fund conducts additional levels of due diligence for Applications that are under consideration for an award. This due diligence includes an analysis of programmatic and financial risk factors including, but not limited to, financial stability, history of performance in managing Federal awards including timeliness of reporting and compliance, reports and findings from audits, and the Applicants ability to effectively
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Ratings
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implement Federal requirements. The CDFI Fund will also evaluate the compliance risk of each Applicant using information provided in the Application as well as an Applicants reporting history, reporting capacity, and performance risk with respect to the CDFI Funds PG&Ms. Each Applicant will receive a Total Compliance Composite Score on a scale of one 1 to five 5, with one 1 being the highest rating. Applicants that receive an initial Total Compliance Composite Score of four 4 or five 5 will be re-evaluated by CDFI Fund staff. If the Applicant is deemed a high compliance risk after CDFI staff review, the Applicant will not be considered for an award. The
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CDFI Fund will also evaluate the Applicants ability to meet certification criteria of being a legal entity and a nongovernment entity. Award amounts may be reduced as a result of the due diligence analysis in addition to consideration of the Applicants funding request and similar factors. Lastly, the CDFI Fund may consider the geographic diversity of Applicants when making its funding decisions.
6. Regulated Institutions: The CDFI
Fund will consider safety and soundness information from the Appropriate Federal or State Banking Agency. If the Applicant is a CDFI
Depository Institution Holding Company, the CDFI Fund will consider
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