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Federal Register / Vol. 86, No. 173 / Friday, September 10, 2021 / Notices TABLE 2APPLICANT ELIGIBILITY REQUIREMENTSContinued Category
Eligibility requirements
Depository Institution Holding Company Applicant.

In the case where a CDFI Depository Institution Holding Company Applicant intends to carry out the activities of its award through its Subsidiary CDFI Insured Depository Institution, the Application must be submitted by the CDFI Depository Institution Holding Company and reflect the activities and financial performance of the Subsidiary CDFI Insured Depository Institution.
The Authorized Representative of the Depository Institution Holding Company Applicant must certify that the information included in the Application represents that of the Subsidiary CDFI Insured Depository Institution, and that the Award will be used to support the Subsidiary CDFI Insured Depository Institution for the eligible activities outlined in the Application.
To be eligible for an Award, each Regulated Institution Applicant must have a CAMELS/CAMEL composite rating rating for banks and credit unions, respectively, by its Federal regulator of at least 3.
Organizations with CAMELS/CAMEL composite ratings of 4 or 5 will not be eligible for awards.
Organizations with a Prompt Corrective Action directive from its regulator will not be eligible for awards.
The CDFI Fund will also evaluate material concerns identified by the Appropriate Federal Banking Agency in determining eligibility of Regulated Institution Applicants.

Regulated Institutions 3

Any Applicant that does not meet the criteria in Table 2 is ineligible to apply for a CMF Award under this NOFA.
Further, Section III.B describes additional considerations applicable to
prior Recipients and/or allocatees under any CDFI Fund program.
B. Prior Award Recipients: Eligibility determinations in prior funding rounds have no bearing on and do not guarantee eligibility in this round. Prior CMF

Award Recipients and prior award recipients of other CDFI Fund programs will be eligible to apply under this NOFA if they meet the eligibility criteria in Table 2, except as noted in Table 3.

TABLE 3ELIGIBILITY REQUIREMENTS FOR APPLICANTS WHICH ARE PRIOR AWARD/ALLOCATION RECIPIENTS
Criteria Pending resolution of noncompliance.

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Default or Noncompliance status.

Description If an Applicant or Affiliate of an Applicant that is a prior recipient or allocatee under any CDFI Fund program:
i Has demonstrated it has been in noncompliance with a previous assistance agreement, award agreement, allocation agreement, bond loan agreement, or agreement to guarantee and ii the CDFI Fund has yet to make a final determination as to whether the entity is in noncompliance with or default of its previous agreement, the CDFI Fund will consider the Applicants Application under this NOFA pending full resolution, in the sole determination of the CDFI Fund, of the noncompliance.
The CDFI Fund will not consider an Application submitted by an Applicant that is a prior CDFI Fund award recipient or allocatee under any CDFI Fund program if, as of the AMIS Application deadline of this NOFA, the CDFI Fund has made a final determination in writing that such Applicant or Affiliate of such Applicant is in noncompliance with or default of a previously executed assistance agreement, award agreement, allocation agreement, bond loan agreement, or agreement to guarantee.
Such entities will be ineligible to apply for an Award pursuant to this NOFA if the CDFI Fund has provided written notification that such entity is ineligible to apply for or receive any future CDFI Fund awards or allocations.
Such entities will be ineligible to submit an application for such time period as specified by the CDFI Fund in writing.

C. Contacting the CDFI Fund:
Applicants that are prior Recipients and/or allocatees under any CDFI Fund program are advised to comply with requirements specified in an Assistance Agreement, allocation agreement, bond loan agreement, or agreement to guarantee, and to ensure their Affiliates are in compliance with any agreements.
All outstanding reporting and compliance questions should be directed to the Office of Certification, Compliance Monitoring, and Evaluation help desk by AMIS Service Requests select Capital Magnet Fund for Program, via email CCME@
cdfi.treas.gov, or by telephone at 202
6530421. For general questions, organizations with an AMIS account are strongly encouraged to submit a Service
Request in AMIS using Capital Magnet Fund for the Service Request program.
Members of the public that do not have AMIS accounts can contact Capital Magnet Fund staff via email at CMF@
cdfi.treas.gov. The CDFI Fund will not respond to Applicants reporting, compliance, or disbursement telephone calls or email inquiries that are received after 5:00 p.m. ET on November 4, 2021
until after the Application deadline. The CDFI Fund will respond to technical issues related to AMIS Accounts through 5:00 p.m. ET on November 9, 2021, via AMIS Service Requests, or at AMIS@cdfi.treas.gov, or by telephone at 202 6530422.
D. Cost sharing or matching funds requirements: Not applicable.
E. Other Eligibility Criteria:

3 Regulated Institutions include Insured Credit Unions, Insured Depository Institutions, State-

Insured Credit Unions, and Depository Institution Holding Companies.

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1. Affiliates: As part of the Application review process, the CDFI
Fund considers whether Applicants are Affiliates, as such term is defined in 12
CFR1807.104. Affiliates may submit separate Applications under this NOFA.
However, each Affiliate submitting an Application must meet all of the eligibility requirements on its own behalf and may not rely on any other organization for eligibility purposes.
Moreover, an Applicant must propose a substantially different strategy than its Affiliates applying under this NOFA. It must also present a distinct project pipeline and rely on its own track record and not the track record of any Affiliate also submitting an Application under this NOFA. If the CDFI Fund deems that the Applications submitted
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