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Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices TABLE 7ELIGIBILITY REQUIREMENTS FOR TA APPLICANTSContinued
Regulated Institution

Each Regulated Institution TA 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 4.
TA Applicants with CAMELS/CAMEL ratings of 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.

A Venture Capital Fund is an organization that predominantly invests funds in businesses, typically in the form of either Equity Investments or subordinated debt with equity features such as a revenue participation or warrants, and generally seeks to participate in the upside returns of such businesses in an effort to at least partially offset the risk of its investments.

TABLE 8ELIGIBILITY REQUIREMENTS FOR FA APPLICANTS
CDFI certification status

Matching Funds documentation

Consideration as a Native American CDFI.

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$5 Million funding cap

Each FA Applicant must be a Certified CDFI prior to the date of the release of this NOFA.
The CDFI Fund will consider an Application submitted by an Applicant that has pending noncompliance issues with its Annual Certification Report if the CDFI Fund has not yet made a final compliance determination.
If a Certified CDFI loses its certification at any point prior to the award announcement, the Application will no longer be considered by the CDFI Fund.
Native American CDFIs are not required to provide Matching Funds.
Applicants must submit acceptable documentation attesting that they have received or will receive Matching Funds. Applicants that do not complete the Matching Funds section in the FA Application in AMIS, documenting the sources of their Matching Funds, will not be evaluated. See Table 9 for additional information on Matching Funds requirements for FY 2021 Funding Round. The Matching Funds requirement for Category I SECA FA Applicants and HFFIFA Applicants was waived in the final FY 2021 appropriations. Therefore HFFIFA and SECA FA applicants are not required to submit Matching Funds for their award requests. Unless Congress waived the Matching Funds requirement, Applicants must document their Matching Funds in the Matching Funds section in the FA Application in AMIS. Matching Funds information provided in another format will not be considered.
Unless Congress waived the Matching Funds requirement, awards will be limited to no more than two times the amount of In-Hand or Committed Matching Funds documentation provided at the time of Application. See Table 9 for the definitions of Committed and In-Hand.
Unless Congress waived the Matching Funds requirement, awards will be obligated in like form to the Matching Funds provided at time of Application. See Table 9. Matching Funds Determination of Award Form for additional guidance.
Unless Congress waived the Matching Funds requirement, award payments from the CDFI Fund will require eligible dollar-for-dollar In-Hand Matching Funds for the total payment amount. Recipients will not receive a payment until 100% of their Matching Funds are In-Hand.
Unless Congress waived the Matching Funds requirement, the CDFI Fund will reduce and de-obligate the remaining balance of any award that does not demonstrate full dollar-for-dollar Matching Funds equal to the announced award amount by the end of the Matching Funds Window.
The Indian Community Economic Enhancement Act of 2020 Pub. L. 116261 permanently waived the Matching Funds requirements for Native American CDFIs. For consideration as a Native American CDFI under this NOFA, an FA Applicant must Primarily Serve a Native Community. Primarily Serves is defined as 50% or more of an Applicants activities being directed to a Native Community.
For purposes of this NOFA, a Native Community is defined as Native American, Alaska Native, or Native Hawaiian populations or Native American areas defined as Federally-designated reservations, Hawaiian homelands, Alaska Native Villages and U.S. Census Bureau-designated Tribal Statistical Areas.
Applicants that do not meet the above conditions will not be considered as a Native American CDFI
under this NOFA.
Native American CDFI FA Applicants are not required to provide Matching Funds. Therefore, if the CDFI Fund determines that a Category II Core FA Applicant that attests in its Application to meeting the above conditions does not meet the criteria to be considered a Native American CDFI, the Application will be deemed ineligible for failure to provide Matching Funds.
The CDFI Fund is prohibited from obligating more than $5 million in CDFI and NACA Program awards, in the aggregate, to any one organization and its Subsidiaries and Affiliates during any threeyear period from the Announcement Date.
For TA 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.

10 For the purposes of this NOFA, an Applicants most recent historic fiscal year end is determined as follows:
A Applicants with a 3/31 fiscal year end date will treat FY 2020 as their most recent historic fiscal year and FY 2021 as their current year.

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B Applicants with a 6/30 fiscal year end date will treat FY 2020 as their most recent historic fiscal year and FY 2021 as their current year.
C Applicants with a 9/30 fiscal year end date and a completed FY 2020 audit will treat FY 2020
as their most recent historic fiscal year and FY 2021
as their current year.

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D Applicants with a 9/30 fiscal year end date but without a completed FY 2020 audit will treat FY 2019 as their most recent historic fiscal year and FY 2020 as their current year.
E Applicants with a 12/31 fiscal year end date, with or without a completed FY 2020 audit, will treat FY 2019 as their most recent historic fiscal year and FY 2020 as their current year.

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