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X 8.` hp x (#8   \RX` hp x (#\S\  `&Times New RomanS%2A`Arial< :Outline001_1   GAKr`WingdingsG  ;1 4 <D x (#;   YOX` hp x (#YXXXS\  `&Times New RomanS  Kr`Wingdings:+ 8List Bullet23  ..<+ :List Bullet123  ..<+ :List Bullet 23  ..:+ 8List Number23  ..<+ :List Number323  ..<+ :List Number223  ..<+ :List Number123  ..<+ :List Number 23  ..<* :Normal (Web) S =jS    =jS:  8Body Text 2  ,*Date< :Comment TextXXX2 0Quick    CO<6X9`(CourierC  8. ` hp x (#8   8.` hp x (#8S\  `&Times New RomanS  <6X9`(Courier<:Footnote Ref.PY ,Style   8.44` hp x (#8  A7X` hp x (#A  2 0Quick P   CO<6X9`(CourierC  8.` ` hp x (#8   8.` hp x (#8S\  `&Times New RomanS  .[[,TOC 2    8.` ` hp x (#8   8.` hp x (#8  0oo.Title2S\  `&Times New RomanS XXXS\  `&Times New RomanS <$$ :Footnote Tex    XXX<DD :Normal Inden X 8.` hp x (#8  8.` hp x (#8:)) 8Body Text 3 {dXXX {d< :Body Text Fi d  d    Z|'..      kXf9XXkXXf9XXkXf9  _K\(XXK (#XXXf9March2004QBB(_CDFI_Ԉ!!C(#TreasuryXf9X(2|$ iT/!..      kXf9XXkXXf9XXkXf9  'Single1 d[=Thin Bottomdxd  ^|)..      kXf9XXkXXf9XXkXf9  _K_(XXK0p x (#X0XXf9A133ComplianceSupplement6p x (#X(#6Q421.020  1  Xf9X(2|$ iT/!..      kXf9XXkXXf9XXkXf9  [)1dxdhttp://www.cdfifund.gov_Hlt66673748_Hlt66673749http://www.cdfifund.govhttp://www.treas.gov/cdfi_Hlt66673818_Hlt66673819#|x(O$(rT/$..      kX~XXkXX~XXkX~0&d9 Z6Times New Roman RegularkX0 }0:i+00U iT/!..      kXf9XXkXXf9XXkXf9  _       _Y_]XXXX  DEPARTMENTOFTHETREASURY   $   <( hp x (#X<_CFDA_Ԁ21.020 COMMUNITYDEVELOPMENTFINANCIALINSTITUTIONS ^ PROGRAM  D  $ H.` hp x (#  X(#H I.  PROGRAMOBJECTIVES  B TheCommunityDevelopmentFinancialInstitutions(_CDFI_)Programisadministeredbythe   CommunityDevelopmentFinancialInstitutionsFund(_CDFI_ԀFund),awhollyownedgovernment   corporationwithintheDepartmentoftheTreasury.The_CDFI_ԀProgramisdesignedtofacilitate l  thecreationofanationalnetworkoffinancialinstitutionsdedicatedtocommunitydevelopment R  byprovidingfinancialandtechnicalassistanceto_CDFIs_.Assistanceunderthe_CDFI_ԀProgramis 8  intendedtoenhancetheabilityof_CDFIs_Ԁtomakeloansandinvestmentsandprovideservicesto n  distressedcommunitiesandindividualswhohavebeenunabletotakefulladvantageofthe T  financialservicesindustry(12_CFR_Ԁsections1805.100and1805.101). :   II.  PROGRAMPROCEDURES    The_CDFI_ԀProgramprovides_CDFIs_Ԁwith:(1)financialassistanceintheformofgrants,loans, F  equityinvestments,depositsandcreditunionsharesand/or(2)technicalassistanceintheformof ,| grants.Financialandtechnicalassistanceareprovidedthroughacompetitivenationwide b evaluationandselectionprocess.Afterselection,each_CDFI_ԀProgramawardrecipientwillenter H intoanassistanceagreement,whichwillincludeperformancegoalsandothertermsand . conditions.  Inordertobeeligibletoapplyforassistance,entitiesmustmeetorproposetomeetspecific r _CDFI_Ԁeligibilitycriteria(12_CFR_Ԁsections1805.200and1805.201(b))._CDFIs_Ԁinclude,among X others,entitiessuchascommunitydevelopmentbanks,communitydevelopmentcreditunions, > depositoryinstitutionholdingcompanies,nonprofitloanfunds,microenterpriseloanfunds,and $t communitydevelopmentventurecapitalfunds.  Z  SourceofGoverningRequirements   The_CDFI_ԀProgramisauthorizedbytheCommunityDevelopmentBankingandFinancial f! InstitutionsActof1994(Pub.L.103325,12_USC_Ԁ4701etseq.).The_CDFI_ԀProgram L" implementingregulationsarecodifiedat12_CFR_Ԁpart1805andcanbefoundontheInternetat 2# 4` hO  5  +  http://_ww% a %a% b w.cdfifund.gov_+Bi  6h i  7 w 8. $h  AvailabilityofOtherProgramInformation  %! Additionalinformationonthe_CDFI_ԀProgramisavailableonthe_CDFI_ԀFundswebsiteat t'" 4c hO  5  +  http://www.cdfifund.gov+i  6gh{i  7 w .Iftherearespecificquestionsregardingthe_CDFI_ԀProgram,the_CDFI_ Z(# Fundmaybecontactedviatelephoneat(202)6228662,byemailatcdfihelp@cdfi.treas.gov,or @)$   byfacsimileat(202)6227754. &*v%! & F  III.  COMPLIANCEREQUIREMENTS  IndevelopingtheauditprocedurestotestcompliancewiththerequirementsforaFederal ^ program,theauditorshouldfirstlooktoPart2,MatrixofComplianceRequirements,to D identifywhichofthe14typesofcompliancerequirementsdescribedinPart3are *z applicableandthenlooktoParts3and4forthedetailsoftherequirements. 'F  `  A.  ActivitiesAllowedorUnallowed      E.` ` hp x (#X(#E1. ` FinancialAssistance󀄀The_CDFI_ԀFundmayprovidefinancialassistanceintended l  tostrengthenthecapitalpositionandenhancetheabilityofa_CDFI_ԀProgram R  awardrecipienttoprovidefinancialproductsandfinancialservices.However, 8  the_CDFI_ԀFunddoesnotrequire_CDFI_ԀProgramawardrecipientstoaccountfor n  theactualcostsincurredusingfinancialassistanceamounts(12_CFR_Ԁsections T  1805.300and1805.301). :  2. ` TechnicalAssistance󀄀The_CDFI_ԀFundmayprovidetechnicalassistancegrantsto   buildthecapacityofa_CDFI_Ԁoranentitythatproposestobecomea_CDFI_.Such ~  technicalassistancemayincludetrainingformanagementandotherpersonnel; d developmentofprograms,products,andservices;improvingfinancial J managementandinternaloperations;enhancinga_CDFI_scommunityimpact;or 0 otheractivitiesdeemedappropriatebythe_CDFI_ԀFund.The_CDFI_ԀFundwill f prescribethespecificauthorizedusesofsuchtechnicalassistanceamountsfor L each_CDFI_Ԁawardrecipientinascheduletotheassistanceagreement.Such 2 schedulesalsomaybesupplementedbyletteragreements(12_CFR_Ԁsection  1805.303).  3. ` CommunityPartnerships󀄀Assistanceprovideduponapprovalofanapplication \ involvingacommunitypartnershipshallonlybedistributedtothe_CDFI_ԀProgram B awardrecipientandshallnotbeusedtofundanyactivitiescarriedoutbya (x communitypartneroranaffiliateofacommunitypartner(12_CFR_Ԁsection ^ 1805.302(c)). D   E.` hp x (#` X(#E B.  AllowableCosts/CostPrinciples  !  XE.` hp x (#X(#ETheprovisionsofOMBCircularA122applytononprofit_CDFI_Ԁawardrecipients,but P# onlyforcostsassociatedwithtechnicalassistanceamounts,becausethe_CDFI_ԀFunddoes 6$ notrequire_CDFI_ԀProgramawardrecipientstoaccountforactualcostsincurredusing %l  financialassistanceamounts. &R! Theassistanceagreementwillsetforththespecifictypesofdirectcosts(e.g.,general '#  purposeequipment,professionalservices,training,andtravelcostsassociatedwithsuch (#! training,etc.)thateach_CDFI_ԀProgramawardrecipientmayincurusingtechnical |)$" assistanceamounts.The_CDFI_ԀProgramawardrecipientshavegenerallyrequestedsuch b*%#  typesofdirectcostsintheirapplicationsfortechnicalassistance. H+&$  XE.` hp x (#X(#E&   E.  Eligibility    XE.` hp x (#X(#E 1. ` EligibilityforIndividuals 󀄀NotApplicable'P% ^   XE.` ` hp x (#X(#E 2.  ` EligibilityforGroupofIndividualsorAreaofServiceDelivery Not  \ Applicable B   XE.` hp x (#` X(#E 3. ` Eligibilityfor_Subrecipients_    XE.` ` hp x (#X(#E A_CDFI_ԀProgramawardrecipientmaynotdistributeassistancetoanaffiliate N  withouttheconsentofthe_CDFI_ԀFund(12_CFR_Ԁsection1805.302(b)). 4   E.` hp x (#` X(#E G.  Matching,LevelofEffort,Earmarking  2   X?( ` hp x (#X(#? 1. ` Matching      XE. ` hp x (#` X(#Ea. FinancialAssistance󀄀Each_CDFI_ԀProgramawardrecipientmustmatch >  financialassistanceprovidedbythe_CDFI_ԀFundunderthe_CDFI_ԀProgram $t  withanamountthatisatleastcomparablein:(1)formtothetypeof  Z  financialassistanceprovidedbythe_CDFI_ԀFundand(2)value,onadollar @  fordollarbasis,tothefinancialassistanceprovidedbythe_CDFI_ԀFund. &  SuchmatchmustcomefromsourcesotherthantheFederalGovernment,   andmustconsistofnonFederalGovernmentfunds.Forexample,funds  providedtoa_CDFI_ԀpursuanttotheHousingandCommunity  DevelopmentActof1974aregenerallyconsideredtobeFederal n Governmentfunds,andmaynotbeusedtomeetthematchrequirements. T Fundsusedtosatisfyalegalrequirementforobtainingfundsundera : Federalgrantorawardprogrammaynotbeusedasamatchforfinancial  p assistanceunderthe_CDFI_ԀProgram.Theapplicabletimeframeforraising V thematchissetforthintheNoticeofFundsAvailability(_NOFA_) < publishedintheFederalRegisterforeachfundinground.Themost " recent_NOFAs_ԀcanberetrievedfromtheInternetat  4d hO  5  +  http://www.trea%b% e %eT2% f s.gov/cdfi+2i  61h1i  7 1Ԁ(12_CFR_Ԁsections1805.500through1805.504).    Theamountoffinancialassistancedisbursedbythe_CDFI_ԀFundtoa_CDFI_ L" Programawardrecipientwillnotexceedtheamountofmatchthatthe 2# _CDFI_Ԁhasinhand.Asaresult,the_CDFI_ԀFundmaymakemultiple $h disbursementsoffinancialassistanceasthe_CDFI_ԀProgramaward $N  recipientreceivestherequisitematchfunds. %4!  b. TechnicalAssistance󀄀Thereisnomatchrequirementfortechnical '" assistanceamountsunderthe_CDFI_ԀProgram(12_CFR_Ԁsection x(#  1805.303(d)). ^)$!  E.` ` hp x (# X(#E 2. ` LevelofEffort 󀄀NotApplicable  +\&"  3. ` Earmarking 󀄀NotApplicable , (#   E.` hp x (#` X(#E& B L.  Reporting     E.` ` hp x (#X(#E 1. ` FinancialReporting  ^  E. ` hp x (#` X(#Ea. SF269,FinancialStatusReport󀄀ApplicabletoTechnicalAssistance'B,8  \ b. SF270,RequestforAdvanceorReimbursement󀄀NotApplicable   c. SF271,OutlayReportandRequestforReimbursementforConstruction h  Programs󀄀NotApplicable N  d. SF272,FederalCashTransactionsReport󀄀NotApplicable  L   E.` ` hp x (# X(#E 2. ` PerformanceReporting 󀄀NotApplicable    3. ` SpecialReporting  X   AnnualReport(OMBNo.15590006)󀄀Thisreportisduefromeach_CDFI_Ԁaward V  recipientwithin60daysaftertheendofthe_CDFI_Ԁawardrecipientsfiscalyear,or <  bysuchalternativedeadlineasmaybeagreedtointheassistanceagreement "  (12_CFR_Ԁsection1805.804).   KeyLineItems󀄀Thefollowinglineitemscontaincriticalinformation: f    E. ` hp x (#` X(#EItem1QuantitativeinformationrelatingtoPerformanceGoals. d   E.` hp x (# X(#E&  IV.  OTHERINFORMATION   AsdescribedunderII, ProgramProcedures,the_CDFI_Ԁprogramprovides(1)financial p assistanceand(2)technicalassistancegrants.Financialassistanceintheformofgrants,loans, V equityinvestments,deposits,andcreditunionsharesisconsideredFederalawardsexpendedfor < determiningwhethertheauditthresholdismetanddeterminingTypeAprogramsuponreceipt "r ofthefundsbythenonFederalentity.TechnicalassistancegrantsareconsideredFederal  X awardsexpendedfordeterminingwhethertheauditthresholdismetanddeterminingTypeA  > programswhentheexpenditure/expensetransactionsassociatedwiththegrantoccur.'h? !$