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Federal Register / Vol. 86, No. 173 / Friday, September 10, 2021 / Notices CDFI Fund reserves the right to change its eligibility and evaluation criteria and procedures, if the CDFI Fund deems it appropriate. If said changes materially affect the CDFI Funds Award decisions, the CDFI Fund will provide information regarding the changes through the CDFI
Funds website. There is no right to appeal the CDFI Funds Award decisions. The CDFI Funds Award decisions are final.
6. Anticipated Award Announcement:
The CDFI Fund anticipates making CMF
Award announcements in early 2022.
VI. Federal Award Administration Information A. Award Notification: Each successful Applicant will receive notification from the CDFI Fund stating that its Application has been approved for an Award. Each Applicant not selected for an Award will receive notification and be provided a debriefing document in its AMIS
account.
B. Administrative and Policy Requirements Prior to Entering into an Assistance Agreement: The CDFI Fund
may, in its discretion and without advance notice to the Recipient, terminate the Award or take other actions as it deems appropriate if, prior to entering into an Assistance Agreement, information including an administrative error comes to the CDFI
Funds attention that adversely affects the following: The Recipients eligibility for an Award; the CDFI Funds evaluation of the Application; the Recipients compliance with any requirement listed in the Uniform Requirements; or indications of fraud or mismanagement on the Recipients part, including mismanagement of another Federal award.
If the Recipients certification status as a CDFI changes prior to entering into an Assistance Agreement, the CDFI
Fund reserves the right, in its sole discretion, to re-evaluate the CMF
Award, or modify the Assistance Agreement based on the Recipients non-CDFI status.
By receiving notification of a CMF
Award, the Recipient agrees that, if the CDFI Fund becomes aware of any information including an
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administrative error prior to the Effective Date of the Assistance Agreement that either adversely affects the Recipients eligibility for an CMF
Award, adversely affects the CDFI
Funds evaluation of the Recipients Application, or indicates fraud or mismanagement on the part of the Recipient, the CDFI Fund may, in its discretion and without advance notice to the Recipient, rescind the notice of award or take other actions as it deems appropriate.
The CDFI Fund reserves the right, in its sole discretion, to rescind an Award if the Recipient fails to return the Assistance Agreement, signed by an Authorized Representative of the Recipient, and/or provide the CDFI
Fund with any other requested documentation, within the CDFI Funds deadlines.
In addition, the CDFI Fund reserves the right, in its sole discretion, to terminate and rescind the Assistance Agreement and the award made under this NOFA for any criteria described in Table 7:

TABLE 7REQUIREMENTS PRIOR TO EXECUTING AN ASSISTANCE AGREEMENT
Requirement
Criteria
Failure to meet reporting requirements.

If an Applicant received a prior award or allocation under any CDFI Fund program and is not current on the reporting requirements set forth in the previously executed assistance, award, allocation, bond loan agreements, or agreement to guarantee, as of the date of the notice of award, the CDFI Fund reserves the right, in its sole discretion, to delay entering into an Assistance Agreement and/or to delay making a Payment of CMF
Award, until said prior Recipient or allocatee is current on the reporting requirements in the previously executed assistance, award, allocation, bond loan agreements, or agreement to guarantee.
If such a prior Recipient or allocatee is unable to meet this requirement within the timeframe set by the CDFI
Fund, the CDFI Fund reserves the right, in its sole discretion, to terminate and rescind the notice of award and the CMF Award made under this NOFA.
Please note that automated systems employed by the CDFI Fund for receipt of reports submitted electronically typically acknowledge only a reports receipt; such acknowledgment does not warrant that the report received was complete, nor that it met reporting requirements. If said prior Recipient or allocatee is unable to meet this requirement within the timeframe set by the CDFI Fund, the CDFI Fund reserves the right, in its sole discretion, to terminate and rescind the notice of Award and the CMF Award made under this NOFA.
A Recipient must be a Certified CDFI or an eligible Nonprofit Organization, as each is defined in the CMF Interim Rule and this NOFA, prior to entering into an Assistance Agreement.

Failure to maintain CDFI
Certification if applicable or eligible Nonprofit Organization status if applicable.

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Pending resolution of noncompliance.

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If, at any time prior to entering into an Assistance Agreement under this NOFA, an Applicant that is a Certified CDFI has submitted reports or failed to submit an annual certification report as instructed by the CDFI Fund to the CDFI Fund that demonstrate noncompliance with the requirements for certification, but the CDFI Fund has yet to make a final determination regarding whether or not the entity is Certified, the CDFI Fund reserves the right, in its sole discretion, to delay entering into an Assistance Agreement and/or to delay making a Payment of CMF Award, pending full resolution, in the sole determination of the CDFI Fund, of the noncompliance.
If the Applicant is unable to meet this requirement, in the sole determination of the CDFI Fund, the CDFI Fund reserves the right, in its sole discretion, to terminate and rescind the notice of award and the CMF Award made under this NOFA.
The CDFI Fund will delay entering into an Assistance Agreement with a Recipient that has pending noncompliance issues with any of its previously executed CDFI Fund awards, allocations, bond loan agreements, or agreements to guarantee.
If said prior Recipient or allocatee is unable to satisfactorily resolve the compliance issues, the CDFI Fund reserves the right, in its sole discretion, to terminate and rescind the notice of award and the CMF Award made under this NOFA.

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