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Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices
are allowed. Up to 15% of the FA award may be used for Direct Administrative Expenses associated with an eligible FA
activity. Direct Administrative Expenses shall mean Direct Costs, as described in 2 CFR 200.413 of the Uniform Requirements, which are
incurred by the Recipient to carry out the Financial Assistance. Direct Costs incurred to provide Development Services or Financial Services do not constitute Direct Administrative Expenses.

The Recipient must comply, as applicable, with the Buy American Act of 1933, 41 U.S.C. 83018303 and 2 CFR
200.216 of the Uniform Requirements, 5
with respect to any Direct Costs. For purposes of this NOFA, the five eligible activity categories are defined below:

TABLE 3BASE-FA, PPCFA, DFFA, AND HFFIFA ELIGIBLE ACTIVITY CATEGORIES
FA eligible activity
FA eligible activity definition

i. Financial Products

FA expended as loans, Equity Investments and similar financing activities as determined by the CDFI Fund including the purchase of loans originated by Certified CDFIs and the provision of loan guarantees. In the case of CDFI Intermediaries, Financial Products may also include loans to CDFIs and/or Emerging CDFIs, and deposits in Insured Credit Union CDFIs, Emerging Insured Credit Union CDFIs, and/or State-Insured Credit Union CDFIs..
For HFFIFA, however, the purchase of loans originated by Certified CDFIs, loan refinancing, or any type of financing for prepared food outlets are not eligible activities..
FA expended for providing checking, savings accounts, check cashing, money orders, certified checks, automated teller machines, deposit taking, safe deposit box services, and other similar services.
FA set aside in the form of cash reserves, or through accountingbased accrual reserves, to cover losses on loans, accounts, and notes receivable or for related purposes that the CDFI Fund deems appropriate.
FA expended for activities undertaken by a CDFI, its Affiliate or contractor that i promote community development and ii prepare or assist current or potential borrowers or investees to use the CDFIs Financial Products or Financial Services. For example, such activities include financial or credit counseling;.
homeownership counseling; business planning; and management assistance..
FA set aside as reserves to support the Applicants ability to leverage other capital, for such purposes as increasing its net assets or providing financing, or for related purposes as the CDFI Fund deems appropriate.

ii. Financial Services
iii. Loan Loss Reserves

iv. Development Services

v. Capital Reserves

Eligible CDFI institution types All.

Regulated Institutions 6 only.
Not applicable for HFFI-FA Recipients.
All.

All.

Regulated Institutions only.
Not applicable for DFFA.

vi.

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All FA eligible activities must be in an Eligible Market or the Applicants approved Target Market. Eligible Market is defined as i a geographic area meeting the requirements set forth in 12 CFR 1805.201b3ii, or ii individuals that are Low-Income, African American, Hispanic, Native American, Native Hawaiians residing in Hawaii, Alaska Natives residing in Alaska, or Other Pacific Islanders residing in American Samoa, Guam or the Northern Mariana Islands.

2. DFFA Award: DFFA award funds may only be expended for eligible FA
activities referenced in Table 3 to directly or indirectly benefit individuals with disabilities. The DFFA Recipient must close Financial Products for the primary purpose of directly or indirectly benefiting people with disabilities, where the majority of the DFFA
supported loans or investments benefit individuals with disabilities, in an amount equal to or greater than 85% of the total DFFA provided. Eligible DF
FA financing activities may include, among other activities, loans to develop or purchase affordable, accessible, and safe housing; loans to provide or facilitate employment opportunities;

and loans to purchase assistive technology.
For the purposes of DFFA, a person with a Disability is a person who has a physical or mental impairment that substantially limits one or more major life activities, a person who has a history or record of such an impairment, or a person who is perceived by others as having such an impairment, as defined by the American Disabilities Act ADA at https www.ada.gov/
cguide.htm.
3. TA Grants: TA grant funds may be expended for the following eight eligible activity categories: i Compensation Personal Services; ii Compensation Fringe Benefits; iii Professional Service Costs; iv Travel Costs; v Training and Education Costs; vi
Equipment; vii Supplies; and viii Incorporation Costs. Only Sponsoring Entities may use TA grant funds for Incorporation Costs. The TA Budget is the amount of the award and must be expended in the eight eligible activity categories before the end of the Budget Period. None of the eligible activity categories will be authorized for Indirect Costs or an associated Indirect Cost Rate. Any expenses that are prohibited by the Uniform Requirements are unallowable and are generally found in Subpart E-Cost Principles. The Recipient must comply, as applicable, with the Buy American Act of 1933, 41
U.S.C. 83018303 and 2 CFR 200.216 of the Uniform Requirements, with respect to any Direct Costs. For purposes of this
5 2 CFR 200.216 prohibits Recipients and Subrecipients from obligating or expending loan or grant funds to procure or obtain, by contract or otherwise, equipment, services, or systems that use covered telecommunications equipment. As used
herein, covered telecommunications equipment is telecommunications equipment produced by Huawei Technologies Company or ZTE Corporation or any Subsidiary or Affiliate of such entities.

6 Regulated Institutions include Insured Credit Unions, Insured Depository Institutions, StateInsured Credit Unions and Depository Institution Holding Companies.

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