CDFI-0002 2007 BEA Application

Bank Enterprise Award Program Application

2007BEAApplicationFinal

Bank Enterprise Award Program Application

OMB: 1559-0005

⚠️ Notice: This form may be outdated. More recent filings and information on OMB 1559-0005 can be found here:

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Bank Enterprise
Award Program
2007 Application

OMB Approval No. 1559-0005
CDFI Form: CDFI-0002
Paperwork Reduction Act Notice
This submission requirements package is provided to Applicants for Awards under the Bank Enterprise Award Program. The Estimated
average burden associated with this collection of information is 15 hours per respondent, depending on individual circumstances.
Comments concerning the accuracy of this burden estimate and suggestions for reducing this burden should be directed to the
Department of the Treasury, Community Development Financial Institutions Fund, 601 Thirteenth Street, N.W., Suite 200-South,
Washington, DC 20005.

Catalog of Federal Domestic Assistance Number:

21.021

Table of Contents
Introduction and Instructions

FY 2007 BEA Program

Major Changes for the FY 2007 Round

Application Eligibility Factors

FDIC-Insured Depositories

Prior Fund Awardees or Allocatees

Application Submission Requirements and Deadlines

Downloading Templates and Other Application Material

Grants.Gov Registration

MyCDFIFund Accounts

Application Package

Distressed Communities and CDFI Partners Registration Via MyCDFIFund

Application Deadlines

Ensuring that the Application Package Is Complete

Awardee Notification and the Award Agreement

Contacting the Fund

Part 1: Grants.Gov

Guidance for Registering, Accessing, and Submitting a Complete Application
with Grants.gov
12
Step 1: Install the PureEdge Viewer.

Step 2 Registering with Grants.gov

Step 3: Access and Save Application Materials

Step 4: Create and Save the PureEdge Grant Application Package File

Step 5: Completing the SF 424

Step 6: Uploading Application Attachments for Final Submission

Step 7: Submitting the Final Grant Application Package

Frequently Asked Questions About Grants.gov

Why can’t I find the SF-424 that I filled out?

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Which NAICS code should I use for the SF-424 question?

Do I need a myCDFIFund account in addition to a Grants.gov account?

What if the submit button on the Grant Application Package does not become
active?
19
How do I know that Grants.gov has received my Application?

How can I check a submitted Application’s status?

Are there different instructions for MAC Users?

Who should we contact if we have questions?

Grants.gov: Instructions for Completing the SF- 424

Grants.gov: Electronic Attachments

Environmental Review Form

Assurances and Certifications

Certification 1: ETAs, First Accounts, or New Branches

Certification 2: Certification of Disbursement

Certification 3: Certification of Same Distressed Community

Applicant Information

Instructions for Worksheet 1: Award Request Calculation

Worksheet 1: Award Request Calculation

Report of Transactions

Part III: myCDFIFund

Applicability

Steps for Distress Community and CDFI Partner Registration

Definition of Distressed Community

Additional Information on CDFI Partner Registration

Eligible CDFI Partners

Statement of Integral Involvement

Part III: Documentation

General Information

Application Checklist: Summary of Required Documentation by Category

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CDFI Related Activities

Eligible CDFI Related Activities

Reporting CDFI Related Activities

Documenting CDFI Related Activities

Distressed Community Financing Activities

Eligible Distressed Community Financing Activities

Reporting Distressed Community Financing Activities

Documenting Distressed Community Financing Activities

Service Activities

Reporting and Documenting Deposit Liabilities

Reporting and Documenting Community Services

Reporting and Documenting All Other Service Activities

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Introduction and Instructions
Capitalized terms (other than titles) are defined in the BEA Program Regulations, the Notice of Funds
Availability (NOFA) for the FY 2007 and FY 2008 funding rounds, the BEA Program Application, or the
Supplemental Guidance for Applicants. All of these documents may be downloaded from the Fund’s website at
www.cdfifund.gov. Certain terms used throughout the Application have meanings unique to the BEA Program.
The Fund encourages each Applicant to review the regulations, NOFA, and the Supplemental Guidance to be
familiar with these meanings as well as other program requirements.

The mission of the Community Development Financial Institutions Fund (the Fund) is to
expand the capacity of financial institutions to serve populations and communities lacking
adequate access to financial products and financial services. The Fund achieves its mission
by directly investing in and supporting Community Development Financial Institutions (CDFIs),
Community Development Entities (CDEs), and other financial institutions through the CDFI
Program, the Initiatives for Expanding Native Opportunity, the New Markets Tax Credit (NMTC)
Program, and the Bank Enterprise Award (BEA) Program.
The BEA Program complements the community development activities of banks and thrifts
(collectively referred to as banks for purposes of this Application) by providing financial
incentives to expand investments in CDFIs and to increase lending, investment, and service
activities within economically Distressed Communities. Providing monetary awards for
increasing community development activities leverages the Fund's dollars and puts more
capital to work in Distressed Communities throughout the nation.

FY 2007 BEA Program
Major Changes for the FY 2007 Round
The FY 2007-FY2008 NOFA includes no asset cap limitations for a CDFI Partner. Beginning
with the FY 2007 round, each Applicant seeking an award in the Distressed Community
Financing Activities and the Service Activities categories must provide detailed address
information for transactions of $250,000 and above.

Application Eligibility Factors
FDIC-Insured Depositories
The legislation authorizing the BEA Program specifies that eligible Applicants for the BEA
Program must be Insured Depository Institutions, as defined in 12 U.S.C. §1813(c)(2). As set
forth in the NOFA, an Applicant must be FDIC-insured by December 31, 2006 to be eligible for
a BEA Program Award.

Prior Fund Awardees or Allocatees
The BEA Program NOFA includes certain eligibility requirements which generally apply to
Applicants that are prior Awardees or Allocatees under other Fund programs.
·

Failure to Meet Reporting Requirements. The Fund will not consider an Application
submitted by an Applicant if the Applicant, or an entity that Controls (as such term is
defined in paragraph (g) below) the Applicant, is Controlled by the Applicant or shares

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common management officials with the Applicant (as determined by the Fund) is a prior
Fund awardee or allocatee under any Fund program and is not current on the reporting
requirements set forth in the previously executed assistance, award or allocation
agreement(s), as of the Application deadline(s) of this NOFA. The Fund only
acknowledges the receipt of reports that are complete. As such, incomplete reports or
reports that are deficient of required elements will not be recognized as having been
received.
·

Pending Resolution of Noncompliance. If an Applicant that is a prior awardee or
allocatee under any Fund program and if: (i) It has submitted complete and timely reports
to the Fund that demonstrate noncompliance with a previous assistance, award or
allocation agreement, and (ii) the Fund has yet to make a final determination as to whether
the entity is in default of its previous assistance, award or allocation agreement, the Fund
will consider the Applicant’s Application under this NOFA pending full resolution, in the sole
determination of the Fund, of the noncompliance. Further, if another entity that Controls the
Applicant, is Controlled by the Applicant or shares common management officials with the
Applicant (as determined by the Fund), is a prior Fund awardee or allocatee and if such
entity: (i) Has submitted complete and timely reports to the Fund that demonstrate
noncompliance with a previous assistance, award or allocation agreement, and (ii) the
Fund has yet to make a final determination as to whether the entity is in default of its
previous assistance, award or allocation agreement, the Fund will consider the applicant’s
Application under this NOFA pending full resolution, in the sole determination of the Fund,
of the noncompliance.

Default Status. The Fund will not consider an Application submitted by an Applicant that is
a prior Fund awardee or allocatee under any Fund program if, as of the Application
deadline of this NOFA, the Fund has made a final determination that such Applicant is in
default of a previously executed assistance, award or allocation agreement(s) and the
Fund has provided written notification of such determination to such Applicant. Further, an
entity is not eligible to apply for an award pursuant to this NOFA if, as of the Application
deadline, the Fund has made a final determination that another entity that Controls the
Applicant, is Controlled by the Applicant or shares common management officials with the
Applicant (as determined by the Fund): (i) Is a prior Fund awardee or allocatee under any
Fund program, (ii) has been determined by the Fund to be in default of a previously
executed assistance, award or allocation agreement(s), and (iii) the Fund has provided
written notification of such determination to the defaulting entity.

Termination in Default. The Fund will not consider an Application submitted by an
Applicant that is a prior Fund awardee or allocatee under any Fund program if, within the
12-month period prior to the Application deadline of this NOFA, the Fund has made a final
determination that such Applicant’s prior award or allocation terminated in default of the
assistance, award or allocation agreement and the Fund has provided written notification of
such determination to such Applicant. Further, an entity is not eligible to apply for an award
pursuant to this NOFA if, within the 12-month period prior to the Application deadline of this
NOFA, the Fund has made a final determination that another entity that Controls the
Applicant, is Controlled by the Applicant or shares common management officials with the
Applicant (as determined by the Fund), is a prior Fund awardee or allocatee under any
Fund program whose award or allocation terminated in default of the assistance, award or
allocation agreement and the Fund has provided written notification of such determination
to the defaulting entity.

Undisbursed Balances. The Fund will not consider an Application submitted by an

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Applicant that is a prior Fund awardee under any Fund program if the Applicant has a
balance of undisbursed funds (defined below) under said prior award(s), as of the
Application deadline of this NOFA. Further, an entity is not eligible to apply for an award
pursuant to this NOFA if another entity that Controls the Applicant, is Controlled by the
Applicant or shares common management officials with the Applicant (as determined by
the Fund), is a prior Fund awardee under any Fund program, and has a balance of
undisbursed funds (defined below) under said prior award(s), as of the Application deadline
of this NOFA. In the case where another entity Controls the Applicant, is Controlled by the
Applicant or shares common management officials with the Applicant (as determined by
the Fund), is a prior Fund awardee under any Fund program, and has a balance of
undisbursed funds under said prior award(s), as of the Application deadline of this NOFA,
the Fund will include the combined awards of the Applicant and such affiliated entities
when calculating the amount of undisbursed funds.

Application Submission Requirements and Deadlines
BEA Program Applications may be submitted only through Grants.gov, the official Federal
government-wide website, as required by Public Law 106-107 and Section 5(a) of the Federal
Financial Assistance Management Improvement Act.

Downloading Templates and Other Application Material
Basic instructions for submitting the Application through Grants.gov can be found in this
Application. To download the complete Application package, including the Application,
Application Templates for completing the various submission documents, go to
www.Grants.gov, click on “Apply for Grants” and search for the package using the CFDA
Number for the BEA Program (21.021) and the funding opportunity number for the BEA
Program (CDFI-2007-BEA). The complete Application package is also available on the BEA
Program page of the Fund’s website.

Grants.Gov Registration
An Applicant must have both an individual account and an organization account registered
with grants.gov in order to submit an Application via grants.gov. The one-time registration
process involves several steps and will take several days to complete. The Fund encourages
any organization considering applying to the FY 2007 funding round to start the registration
process as early as possible. Detailed registration instructions can be found on the “Get
Registered” screen from the grants.gov home page. The Fund recommends reviewing
Grants.gov’s 2-page version of the instructions located at
www.grants.gov/section910/Grants.govRegistrationBrochure.pdf.

MyCDFIFund Accounts
The Fund is unable to process any Application submitted via grants.gov unless the Applicant
has created a myCDFIFund account under the same EIN as the Applicant’s grant.gov account.
MyCDFIFund is the primary vehicle through which the Fund communicates with its awardees
and applicants. It allows users to update contact information, including mailing and email
addresses, as changes occur. MyCDFIFund, unlike grants.gov, is managed and controlled by
the Fund. Data submitted through grants.gov does not automatically create a myCDFIFund
account for an Applicant. An Applicant must establish a personal and organization account by
clicking on “Log onto myCDFIFund” from the Fund’s website at www.cdfifund.gov.

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The Applicant must ensure that the EIN, Applicant Name, Authorized Representative / AOR
(name and contact information), and the Contact Person (name and contact person) identified
on the SF 424 submitted via Grants.gov matches that in the Applicant’s myCDFIFund account.
If these items do not match, the Fund will be unable to process the Application. Therefore, it is
essential for the Applicant to ensure that the information in the myCDFIFund account is
accurate and updates prior to submitting the Application via Grants.gov.
The Fund communicates award decisions via e-mail to the Authorized Representative listed in
the Applicant’s myCDFIFund account. Because an Applicant will be notified via e-mail, it is
essential that the email addresses identified in the Applicant’s myCDFIFund account are
correct and current. If an Applicant’s email system has a spam blocker function, please ensure
that the Fund’s main email addresses ([email protected], [email protected],
[email protected]) are listed as acceptable sources. Otherwise, the award
notification email may never be received.

Application Package
The Application Package is organized in three parts – according to their method of submission:
Part

Application Component

Submission Procedures

Part I.
Grants.gov

Application for Federal Assistance
(Standard Form 424)

Submit in Grants.gov and Mail a copy
to BPD as cover page to paper
attachments.

Complete MS Word Template.

Upload under “Attachments” in
Grants.gov.

Excel Charts:

Complete MS Excel Template.

Required for All Applicants:

Applicant Information.

Upload under “Attachments” in
Grants.gov.

Worksheet 1: Award Request
Calculation.

Electronic Attachments
Word Templates:
Required for All Applicants:
-

Environmental Review Form.

- Assurances and Certifications.
As Required:
-

Certification 1. ETAs, First Accounts,
or New Branches.

Certification 2. Certification of
Disbursement.

Certification 3. Certification of Same
Distressed Community

There are two versions of this worksheet:
one for CDFI banks and one for NonCDFI banks – be sure to use the correct
one.

Report of Transactions.

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Part II.
Distressed Community Designation
myCDFIFund and CDFI Partner Registration
- Distressed Community Financing and
Service Activities:

Part III.
Hard Copy
(BPD)

Designate the Distress Community in
CIMS (the Fund’s mapping system)
accessed through myCDFIFund.

Distressed Community Financing
and Service Activities: Applicant
must register its Distressed Community
via myCDFIFund according to the
instructions on the Fund’s website.

CDFI Support Activities: A CDFI
Partner that is the recipient of CDFI
Support (loans or deposits) must
register as a Partner via myCDFIFund
according to the instructions on the
Fund’s website.

Submit to BPD at the address below as
follows:

Worksheet and Map for the
Applicant.

CDFI Support Activities:

Worksheet and Map for the CDFI
Partner (submitted by Partner).

Statement of Integral Involvement
for any CDFI Partner that is the
recipient of CDFI Support (i.e.,
loans or deposits).

Qualified Activity Documentation
/Other Attachments
-

Documentation of Qualified
Activities: as described below under
Part IV. Reporting and Documenting
Qualified Activities.

Documentation from the Internal
Revenue Service (IRS) evidencing
that the Applicant itself (i.e., not its
parent or Affiliate) has been assigned
its own unique Employer/Taxpayer
Identification Number (EIN/TIN).

One unbound copy of the
completed SF-424 as the cover
page along with required
documentation and attachments.
Copies of documentation are
acceptable. No tabs, staples, or
other forms of binding.

One copy of SF-424 and
documentation / attachments in a 3ring binder (tabs, staples, and other
binding are acceptable).

Distressed Communities and CDFI Partners Registration Via MyCDFIFund
The Fund requires any Applicant seeking an award in the Distressed Community Financing or
Service Activities Categories to register its designated Distressed Community via its
myCDFIFund account. In addition, CDFI Partners must register as such via their MyCDFIFund
account. Distressed Community and CDFI Partner registrations must be completed by 5:00
pm ET March 19, 2007.
·

Distressed Community Registration Materials consist of: (1) BEA-qualifying Distressed
Community Maps and Worksheets; and (2) a “BEA Signature Page.”

The CDFI Partner Registration Materials consist of: (1) the Statement of Integral
Involvement; (2) the associated BEA-qualifying Distressed Community Maps and
Worksheets; and (3) a “BEA Signature Page.”
-

An Applicant seeking an award for providing CDFI Support to a CDFI Partner will
identify the CDFI Partner by listing its full legal name on its Report of Transactions.
Fund staff will verify the CDFI Partner is registered via myCDFIFund.
Detailed instructions for registering Distressed Communities or registering as a CDFI Partner
are located on the Fund’s website (www.cdfifund.gov) under the BEA Program page.

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Application Deadlines
The Application Package must be received by the following deadlines:
·

Part I (Grants.gov): must be submitted through Grants.gov by 5:00 p.m. Eastern Time
(ET) on March 15, 2007.

Part II (myCDFIFund): must be registered by 5:00 p.m. ET on March 19, 2007.

Part III (Documentation / Paper Attachments): must be received by BPD (at the address
specified below) by 5:00 p.m. ET on March 19, 2007:
CDFI Fund Grants Manager
BEA Program
Bureau of Public Debt
200 Third Street
Parkersburg, WV 26101-5312
(304) 480-6088

Applicants are encouraged to allow at least 3 business days (i.e., not Saturday or Sunday) for
delivery to BPD’s offices in West Virginia.
·

Documentation / Paper Attachments received at the BPD offices designated above after
5:00 p.m. ET on March 19, 2007 will be returned to the sender.

Documentation / Paper Attachments will not be accepted at the Fund’s offices in
Washington, DC. Packages received in the Fund’s Washington DC offices will be returned
to the sender.

Documentation/Paper Attachments sent by facsimile or e-mail will not be accepted and will
be disregarded upon receipt.

The Fund will not grant exceptions or waivers for late delivery of documents including, but
not limited to, late delivery that is caused by third parties such as the US Postal Service,
couriers, or overnight delivery services.

Ensuring that the Application Package Is Complete
An Applicant must complete and submit required all Application materials in such a manner as
to comply with all requirements of the BEA Program Regulations, NOFA, and this Application
by the applicable deadline. A complete Application Package is one that includes all required
material described above. Some items – if missing or incomplete – will result in the immediate
rejection of the entire Application. The Fund will immediately reject an Application Package if:
·

The SF-424 is not submitted via Grants.gov.

The SF-424 is not received (in paper) by BPD as the cover paper to the
Documentation/Paper Attachments.

The Fund will allow three business days for an Applicant to submit the following items if
missing or incomplete:
·

IRS Documentation of the Applicant’s EIN.

Environmental & Legal Certifications.

Documentation of Qualified Activities.

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Distressed Community or CDFI Partner Registration via myCDFIFund.

TIP

Do not wait until the last minute to obtain EIN documentation. The Fund encourages
Applicants to allow sufficient time to obtain the necessary numbers or documentation. If the
EIN documentation is missing from the initial paper submission of the Application materials,
the three days allowed by the Fund to submit these items may not be sufficient time to obtain
them. It is always better to ensure that the initial Application submission contains all required
items and documentation.

Awardee Notification and the Award Agreement
For the FY 2007 funding round, the Fund will notify Applicants selected to receive an Award by
late September 2007. The Fund notifies an Applicant of the Award decision (positive or
negative) via mail to the designated Authorized Representative. For an Applicant selected to
receive an Award, in addition to the Award notification letter, the Fund will send two copies of
an Award Agreement and two copies of the Notice of Award along with the letter informing the
Applicant that it has been selected as an Awardee. The Awardee’s Authorized Representative
must sign all copies of both documents and return one copy of each (the Award Agreement
and the Notice of Award) to the Fund within five business days from the date of the Award
letter. Awardees should retain one copy of both the Notice of the Award and the Award
Agreement for its files.

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Contacting the Fund
The Fund will respond to questions between the hours of 9:00 a.m. and 5:00 p.m. ET, through
March 12, 2007 (two business days before the Application deadline). The Fund will not
respond to phone calls or e-mail inquiries that are received after 5:00 p.m. ET on March 12,
2007, until after the funding Application deadline of March 15, 2007. NOTE: These are not tollfree numbers. If the Applicant is experiencing difficulty submitting the Application in
grants.gov: contact the grants.gov help line: do not contact the Fund for grant.gov submission
issues.
Main Office

202-622-8662
202-622-7754 fax

www.cdfifund.gov

General inquiries; phone
numbers for individual Fund
staff; access to myCDFIFund
and program webpage.

Program
Support

202-622-6355

[email protected]

How to complete Application
materials.

Grants
Management
Support

202-622-8226
202-622-9625 fax

[email protected] Application deadlines;
Application submission
requirements; completing the
Environmental Review Form;
Questions regarding EIN
Documentation, DUNS,
disbursements, and Notices of
Awards.

Compliance & 202-622-8226
202-622-9625 fax
Monitoring
Support
IT Support

202-622-2455

[email protected]

Status of compliance with other
Awards including outstanding
reports.

[email protected]

Registering and creating
accounts on myCDFIFund.

Legal Support If you have any questions or matters that you believe require response by the Fund’s
Office of Legal Counsel, please refer to the document titled “How to Request a Legal
Review“, found on the Fund’s web site at www.cdfifund.gov.

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Part 1: Grants.Gov Instructions
In compliance with federal regulations, the Fund requires applicants to submit the FY 2007
BEA Application via www.Grants.gov, the official federal website for federal grant applications.
Those who are returning may notice Grants.gov has undergone some website enhancements,
which are covered in this guidance. For those who are new to the process, the following
instructions provide the basic steps for registering on Grants.gov, accessing the “Application
Package,” and submitting the electronic components of the package via Grants.gov. Not all
components of the BEA Program Application are submitted via Grants.gov. Read the
Instructions section of the Application (especially page 7 – 8) for submission requirements.
The registration process alone can take several days to complete! Start the registration
process early, submit the Application early, and verify the submission is received. Call the
Grants.gov support staff with any questions about the process. The Grants.gov help desk can
be reached at 1-800-518-4726 or via email at [email protected]. The Grants.gov Contact
Center hours of operation are Monday-Friday, 7:00 a.m. to 9:00 p.m., Central Standard Time.
If you experience difficulties submitting the Application via grants.gov: call the grants.gov help
desk.

Step 1: Install the PureEdge Viewer.
In order to register on Grants.gov or access, complete, and submit an Application, you must
download and install the PureEdge Viewer, a small, free program available on the Grants.gov
website. If you have downloaded the software in the past you may want to do it again to make
sure you have the latest version.
·

From the Grants.gov home page: select the Apply for Grants link on the left side of the
screen under the For Applicants section, and click on the PureEdge Viewer link.

Choose Save when the download process begins. This will open the Save As window
where you can designate where the program should save on your computer. Browse to
where you would like the program to save on your computer. Once you have browsed to
where you want the PureEdge Viewer to save on your computer, click Save. This will
download the program. Follow the screen prompts to complete the download process.

Make sure the box next to “Close this dialog box when download completes” is NOT checked
on the Download Complete window. If the download window closes when the download
completes, you will need to locate the downloaded file on your computer and open it. Search
for the filename ICSViewer602_grants.exe if you have forgotten where you downloaded it.

Step 2 Registering with Grants.gov
An organization must register with Grants.gov in order to apply. See Grants.gov’s overview of
this process at: www.grants.gov/section910/Grants.govRegistrationBrochure.pdf.
·

Read and follow the instructions to register on Grants.gov from the Get Registered page:
http://www.grants.gov/applicants/get_registered.jsp.

Additional Fund Guidance on Registering. The following are some additional tips from
the Fund on how to begin the registration process if you are a first time Grants.gov user:

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Step A: Obtain a Dunn & Bradstreet Universal Numbering System (DUNS) Number.
Institutions applying for federal grants are required to provide a DUNS number. The
federal government has adopted use of DUNS numbers to keep track of how federal
grants are disbursed. If your institution does not have a DUNS number, call 1-866-7055711 or go to https://eupdate.dnb.com/requestoptions.html to receive one free of
charge.

Step B: Register Your Organization with the Central Contractor Registry (CCR).
The CCR is the primary vendor database for the U.S. Government. The CCR collects,
validates, stores, and disseminates data in support of agency acquisition missions.
The federal government uses the CCR as a centralized registry for all contractors and
grant applicants. CCR registration is also an element of the electronic signature
process. A handbook describing CCR and the registration process can be found at the
following link: www.ccr.gov/handbook.asp. Online registration with CCR will take about
30 minutes to complete, and can be accessed at http://www.ccr.gov/ or by phone at 1888-227-2423. Your registration should become active with CCR within 3-5 business
days, however it is recommended that you start early to allow time for correcting any
registration errors. When your organization registers with CCR, you must designate:
*

CCR Point of Contact (CCR POC). This individual is responsible for maintaining
the accuracy and timeliness of the information in CCR’s registry. Upon successful
registration, the CCR POC will receive a T-PIN (Trading Partner Identification
Number) that will enable him or her to update your organization’s CCR information
as necessary.

An EBiz Point of Contact (EBiz POC). This individual will have sole authority to
designate the staff member(s) who can submit grant Applications on your
organization’s behalf through Grants.gov. The same individual may serve as both
the CCR POC and as the EBiz POC.

During registration, you will be asked to designate a special password called a
Marketing Partner ID or “M-PIN.” This password will be used in Step D below. Record
and protect your T-PIN and M-PIN. Also, keep track of the staff designated as Points
of Contact.
-

Step C: Register with Grants.gov’s Credential Provider: Operational Research
Consultants (ORC). http://www.grants.gov/section678/AORRegCheck.pdf (check list
for registering as an AOR). Each person who will be submitting Applications on behalf
of your organization must first register with Grants.gov’s credential provider:
Operational Research Consultants (ORC). They must also be designated and
registered as Authorized Organization Representatives (AORs). Before starting on this
step, your CCR registration (Step B above) must be active. Grants.gov recommends
that you wait one business day between registering with CCR and registering with
Grants.gov’s credential provider. AORs will receive usernames and passwords the
same day they submit their information.
To register, each AOR must apply for a UserID and password from the credential
provider, ORC, at https://apply.grants.gov/OrcRegister. AORs will need to know the
organization’s DUNS number in order to complete the process.
Each AOR should print out the ORC eAuthenication Account Confirmation and keep it
for his/her records. Additionally, the organization should maintain a Grants.gov file

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identifying all AORs and other points of contacts provided during the registration
process. These contacts should be updated as staff changes occur.
Once the AOR is registered with ORC, the AOR will receive an ID and password to use
when submitting Application packages via Grants.gov. Anyone can find, download,
and complete Applications. Only AORs can submit Applications.
-

Step D: Register with Grants.gov. The organization’s AOR(s) must register with
Grants.gov at: http://www.grants.gov/applicants/organization_registration.jsp
Registration creates an account on Grants.gov that enables your organization to name
and confirm authorization for one or more AORs and then allows the AOR(s) to submit
Applications on your organization’s behalf. Registration approval depends on the time
it takes your EBiz POC to log on and approve the AOR, but approval can occur the
same day. The system will not accept an Application submission until the AOR
registration has been approved.

Step 3: Access and Save Application Materials
·

Go to www.grants.gov and look under the ‘For Applicants’ tab along the left side of your
screen for the link Apply for Grants.

After you have accessed the Apply for Grants screen, click on Step 1: Download a Grant
Application Package and Instructions.

You will have the option of entering the CFDA Number or the Funding Opportunity Number.
You must complete at least one of these fields:
-

CFDA Number: 21.021 or Funding Opportunity Number: CDFI-2007-BEA

After entering the CFDA Number, Click Download Package.

This will take you to the Selected Grant Applications for Download screen.
CFDA Opportunity Competition Competition Agency Instructions &
Number
ID
Title
Application
21.021

CDFI-2007-BEA

BEA Program
2007

DOT CDFI

download

Click download under the Instructions and Application header (see above) to access the
Download Opportunity Instructions and Application screen (see below).

2007 BEA Program Application

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CDFI Form: CDFI-0002

Download Opportunity Instructions and Application
You have chosen to download the instructions and Application for the following opportunity:
CFDA Number: 21.021: Bank Enterprise Award Program
Opportunity Number: CDFI-2007-BEA: BEA Program 2007
Competition ID: CDFI-2007-BEA
Competition Title: BEA Program 2007
Agency: Community Development Financial Institutions
Opening Date: 1/15/2006
Closing Date: 3/15/2007
If you would like to be notified of any changes to this opportunity please enter your e-mail address below, and you will be e-mailed in
the event this opportunity is changed and republished on Grants.gov before its closing date.

Submit
Download the instructions and Application by selecting the download links below. While the instructions or Application files may open
directly, you may save the files to your computer for future reference and use. You do not need Internet access to read the instructions
or the Application once you save them to your computer.

1. Download Application Instructions
2. Download Application Package

This will allow you to download an Application Package (which includes the SF-424) and
the Application Instructions (including templates for all the Application Materials). See
below for instructions on completing the Download Application Package materials (Step 4).

First, Click Download Application Instructions to download the Application Materials.

Choose Save during the download process and then Open Folder when done. Doubleclick on the saved Zip file and a list of documents opens up.

Under Actions, choose Select All then Extract to copy all files to your computer.

You can now work on preparing the documents to be uploaded into Grants.gov. See page
7 for a detailed list of files to upload. See Step 4 for instructions on completing and
submitting the SF-424.

Step 4: Create and Save the PureEdge Grant Application Package File
·

From the Apply for Grants page of Grants.gov, click on Download Application Package to
return to the Download Opportunity Instructions and Application page.

Click option 2 Download Application Package. This opens a file (see below) in PureEdge
where you will complete the SF-424 and upload the Application Materials completed offline.
This is also where you will make your final submission. Do not click the SUBMIT button
until all steps are completed.

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CDFI Form: CDFI-0002

Save this PureEdge file to your computer by Clicking on Save at the top of the screen.
Note: A warning message appears informing you that one or more of the items in this form
contains an invalid value and asks if you want to proceed anyway. Click Yes.
-

You are creating a PureEdge file that you will be able to return to later. Therefore, you
need to save this file to a readily available directory on your computer. The Fund
recommends saving this file to your desktop so that it will be easy to find.

The Application Package can be completed in its entirety offline; however, you will
need to login to the Grants.gov website during the submission process. You can save
your Application at any time by clicking the “Save” button at the top of your screen.
The “Submit” button will not be functional until the Application is complete and saved.

Enter a file name for the Grant Application Package in the Application Filing Name field.

Do not click the submit button on the PureEdge Grant Application Package form until you
are ready to submit the complete Application Package.

Step 5: Completing the SF 424
·

To open the saved Grant Application Package file, go to your Desktop (or where you
saved it), and double click on the PureEdge icon.

In the box on the left side of the screen labeled Mandatory Documents select Application
for Federal Assistance (SF-424), then click on Open Form below the box to open the SF424.

You can enter data on the SF-424 (see below) at various times. Click Close Form to save.
See notations in Attachment 1 about how to complete the individual SF-424 fields.

2007 BEA Program Application

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CDFI Form: CDFI-0002

Once you have filled in all of the fields on all three pages, print the completed SF-424 and
send the hard copy as the cover sheet with each set of paper attachments.
-

The SF 424 is stored within the Grant Application Package document that you save to
your computer. It is important to note the location of the document when you initially
“Save” the Grant Application Package. That document is a PureEdge Viewer file which
includes both the SF-424 and the identification of all the Application material
(Attachments) to be transmitted when you hit the submit button.

Step 6: Uploading Application Attachments for Final Submission
·

After you close out of the SF-424, you return to the Grant Application Package screen. In
the box on the left labeled Mandatory Documents: select Attachments then click on Open
Form. A table will open allowing you to upload each of the documents you’ve completed.

Use one row per document to upload all required templates for a complete Application.

Click Close Form at top of screen when all documents have been added. When you close
this form, you return to the Grants Application Package screen.

Make sure that all the required files are included within the Attachments list. Verify by
selecting Attachments, then clicking on Open Form. Applicants will not have an
opportunity to provide missing attachments.

Step 7: Submitting the Final Grant Application Package
·

From the Grants Application Package screen, select Application for Federal Assistance (SF424) from Mandatory Documents. Click on the arrow between the two boxes to move the
SF-424 to the box on the right labeled Mandatory Documents Completed for Submission.

Follow same procedure to move the Attachments to the Mandatory Documents
Completed for Submission box.

2007 BEA Program Application

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CDFI Form: CDFI-0002

Click Check Package for Errors from the top menu. Make changes as necessary based
on each error found in the package.

When have corrected all errors and have placed all required documents into the
Mandatory Documents Completed for Submission box, then you are ready to submit the
Application Package. By clicking Submit, you are submitting the SF-424 plus the
Attachments.

After pressing Submit, the AOR will be prompted to supply the valid User ID and Password
and select Login in order for the submission process to be completed (see below).
-

If you are not authorized to submit, or your organization is not fully registered with
Grants.gov, you will receive an error message. Only AORs are able to submit
Applications on Grants.gov.

Select Sign and Submit Application once you read and agree to the terms (see below).

2007 BEA Program Application

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CDFI Form: CDFI-0002

You have now completed your Application submission!

2007 BEA Program Application

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CDFI Form: CDFI-0002

Frequently Asked Questions About Grants.gov
The following are a few frequently asked questions (FAQs) the Fund has received. A more
comprehensive list of Grants.gov FAQs can be found at: http://www.grants.gov/help/faq.jsp

Why can’t I find the SF-424 that I filled out?
The SF 424 is stored within the Grant Application Package document that you save to your
computer. It is important to note the location of the document when you initially “Save” the
Grant Application Package. That document is a PureEdge Viewer file which includes both the
SF-424 and the identification of all the Application material (Attachments) to be transmitted
when you hit the submit button. See Steps 4 through 7 in the Instruction Document.

Which NAICS code should I use for the SF-424 question?
You can find the NAICs or SIC code for your business by using the search engine on the
Census site at www.census.gov. Most financing activities fall within the 52XXXX category. In
the search box enter "NAICS" then click on the link that reads "79 NAICS code for my
business" to use the search feature.

Do I need a myCDFIFund account in addition to a Grants.gov account?
The Fund will only accept an Application from an Applicant that has successfully opened an
organization account on myCDFIFund with the same EIN number as registered in its
Grants.gov account. Go to www.CDFIFund.gov and click on "Log onto myCDFIFund" to
access the system. Follow instructions in the "Help" tab to establish a new user and
organization account.

What if the submit button on the Grant Application Package does not become
active?
·

The Submit button will not become active until the Application has been completed and
saved.
-

Click on the Check for Errors button to run the error check. Address each error that is
noted.

Check to make sure that there are no remaining yellow fields on any forms. If there
are, you will need to complete those fields.

Make sure that you have attached all of the required documents.

Make sure all mandatory forms have been completed and the forms have been moved
to the Mandatory Completed Documents for Submission box. The Save button should
be clicked AFTER all documents have been moved to the Mandatory Completed
Documents for Submission Box.

How do I know that Grants.gov has received my Application?
·

When you are ready to submit the Application Package, you must be connected to the Internet
and the person registered with grants.gov as your Authorized Organization Representative
(AOR) must be logged into his or her grants.gov account. (If the AOR is not logged into your

2007 BEA Program Application

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CDFI Form: CDFI-0002

grants.gov account, but is connected to the Internet, after you press the Submit button, you will
be asked to log into your grants.gov account.)
·

Upon successful submission, the AOR will receive an automated email confirming receipt of an
Application package and stating that the package is being validated. It can take grants.gov
several hours to generate this automated email. As this is the only way to know whether your
package was submitted successfully, the Fund strongly encourages you to submit early. If you
do not receive the grants.gov email within one hour of pressing the submit button, you may call
the grants.gov Help Desk at 1-800-518-4726 to confirm that the package has been received.
Once your package has been validated you will receive a second message notifying you that
your Application has been validated and sent to the Fund.

How can I check a submitted Application’s status?
·

The AOR can monitor the processing status of the submission within Grants.gov by going
to https://atapply.grants.gov/ApplicantLoginGetID and logging into the system using the AOR
user ID and password. Click on the “Application Status” link at the left of your screen.

Are there different instructions for MAC Users?
·

If you do not have a Windows Operating System, you must use a Windows Emulation
Program to submit an Application using Grants.gov. For more information, read
http://grants.gov/GrantsGov_UST_Grantee/!SSL!/WebHelp/MacSupportforPureEdge.pdf or
contact Grants.gov Customer Support (http://www.grants.gov/CustomerSupport).

Who should we contact if we have questions?
·

Call Grants.gov with questions about the registration and submission process. The
Grants.gov staff can be reached at 1-800-518-4726 or via email at [email protected].
The Grants.gov Contact Center is open Monday-Friday, 7 a.m. to 9 p.m., Central Standard
Time.

2007 BEA Program Application

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CDFI Form: CDFI-0002

Grants.gov: Instructions for Completing the SF- 424
Required fields are prefaced with an asterisk (*).
Field
* 1. Type of Submission:
*2. Type of Application:
*3. Date Received:
4. Applicant Identifier:
5a. Federal Entity Identifier:
*5b. Federal Award Identifier:
6. State use only: Date Received
by State:
7. State use only: State Application
Identifier:
*8a. Applicant Information: Legal
Name:
*8b. Employer/Taxpayer
Identification Number (EIN/TIN):
*8c. Organizational DUNS:
*8d. Address:
8e. Organizational Unit:
*8f. Name and contact information of
person to be contacted on matters
involving this Application:

9. Type of Applicant:
*10. Name of Federal Agency
11. Catalog of Federal Domestic
Assistance Number / CFDA Title:
*12. Funding Opportunity Number /
Title:
13. Competition Identification
Number:
14. Areas affected:
*15. Descriptive Title of Applicant’s
Project:
*16. Congressional Districts of
Applicant / Program/Project:
*17. Proposed Project
*18. Estimated Funding $:
*19. Is Application Subject to
Review by State…:
*20. Is the Applicant Delinquent:
*21. Applicant Certification /
Authorized Representative:

2007 BEA Program Application

Instructions
Select Application.
Select New.
Automatically filled by the system upon submission – no entry necessary.
Automatically filled by the system upon submission – no entry necessary.
Leave blank
Enter 21.021
Not Applicable – leave blank.
Not Applicable – leave blank.
Enter the legal name of the Applicant.
Enter the Applicant’s EIN/TIN. Use a copy of the SF-424 as the cover
page to the paper attachments.
Enter the Applicant’s DUNS.
Complete all fields with Applicant’s mailing address. Include 9-digit zip.
Organizational Unit – leave both boxes blank.
Enter a Contact Person, other than the AOR, who can answer questions
about the submission. The Contact Person (name and contact
information) identified here must match the Contact Person information in
the Applicant’s myCDFIFund account. Organizational Affiliation: leave
blank.
Select the most appropriate description from list of dropdown options.
Pre-filled – no entry necessary.
Pre-filled -- no entries necessary.
Number: Pre-filled with CDFI-2007-BEA.
Title: enter BEA Program 2007.
Leave blank – no entry necessary.
Leave blank
Enter Applicant’s Name and BEA Program Application.
See www.house.gov to find congressional district. Use same for both
boxes.
Start Date: Enter 1/1/2006; End Date: Enter 12/31/2006.
Enter total award request for Federal and Total, enter zeroes in other
boxes.
Select option C.
Answer and provide Explanation if Yes selected.
Click the “I agree” button. Complete all fields for AOR information. AOR
(name and contact information) must match the Authorized
Representative’s information in the Applicant’s myCDFIFund account.

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CDFI Form: CDFI-0002

Grants.gov: Electronic Attachments
An Applicant will download the Word and Excel templates from Grants.gov and save them to
its computer. After completing them – as applicable – the Applicant will submit them via
Grants.gov as instructed above. See the Instructions for Grants.gov earlier in this Application
for details on how to access, upload, and submit these templates.
Word Template:
Signing the certification on the SF-424 (done electronically at time of submission) attests to the
information provided in the Environmental Review Form and certifies that the Applicant will
comply with the Assurances and Certifications (contained in this Application) if an Award is
made. This signature also attests to the information provided in Certification 1. ETAs, First
Accounts, or New Branches; Certification 2. Certification of Disbursement; and Certification 3.
Certification of Same Distressed Communities – if any of the certifications are applicable.
In an Applicant is required to submit Certification 1, Certification 2, and / or Certification 3: it
will complete the certification as instructed below and upload via Grants.gov.
Required for All Applicants:
-

Environmental Review Form.
Assurances and Certifications. (The Applicant should review – but do not include with the
Application submission).

As Required:
-

Certification 1. ETAs, First Accounts, or New Branches:

Required for an Applicant seeking an Award for opening ETAs, or First Accounts, or a
new retail branch.

Check the applicable certification.

Certification 2. Certification of Disbursement:

Required for an Applicant providing internal documentation of disbursement.

Certification 3. Certification of Same Distressed Communities:

Required for an Applicant seeking an Award for CDFI Support Activities.

Check the appropriate box and enter the name of at least one of its CDFI Partners.

Excel Charts:
Required for All Applicants:
-

Applicant Information.

Worksheet 1: Final Award Request Calculation. (There are two versions of this worksheet, one for
CDFI banks and one for Non-CDFI banks, please complete the correct one for your applicant type).

Report of Transactions.

2007 BEA Program Application

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CDFI Form: CDFI-0002

Environmental Review Form
Applicant Name:
The Fund’s environmental review requirements are set forth in 12 CFR Part 1815. The
Applicant should review such regulations carefully before completing this section. In order to
assure compliance with those regulations and other requirements related to the environment,
the Applicant shall provide the following information:
YES
1. Are there any actions proposed in the Application that do not constitute a
“categorical exclusion” as defined in 12 CFR 1815.110?
If YES, would any of these actions normally require an environmental impact
statement (see 12 CFR 1815.108)?
2. Are there any activities proposed in the Application that involve:
(a) Historical or archeological sites listed on the National Register of Historic Places or
that may be eligible for such listing?
(b) Wilderness areas designated or proposed under the Wilderness Act?
(c) Wild or scenic rivers proposed or listed under the Wild and Scenic Rivers Act?
(d) Critical habitats of endangered or threatened species?
(e) Natural landmarks listed on the National Registry of Natural Landmarks?
(f) Coastal barrier resource systems?
(g) Coastal Zone Management Areas?
(h) Sole Source Aquifer Recharge Areas designated by EPA?
(i) Wetlands?
(j) Flood plains?
(k) Prime and unique farmland?
(l) Properties listed or under consideration for listing on the Environmental Protection
Agency’s List of Violating Facilities?

If YES to any of the above questions, attach a detailed description of each action, clearly
identifying the category in which the action falls.
NOTIFICATION
As stated in 12 CFR 1815.105, if the Fund determines that the Application proposes actions which require an
environmental assessment or an environmental impact statement, any approval and funding of the Application will
be contingent upon:
1. The Applicant supplying to the Fund all information necessary for the Fund to perform or have performed any
required environmental review;
2. The Applicant not using any Fund Financial Assistance to perform any of the proposed actions in the
Application requiring an environmental review until approval is received from the Fund; and
3. The outcome of the required environmental review.
In addition, as stated in 12 CFR 1815.106, if the Fund determines that an Application, or any part thereof, is not
sufficiently definite to perform a meaningful environmental review prior to approval of the Application, final approval
and funding of the Application shall require supplemental environmental review prior to the taking of any action
directly using Fund Financial Assistance for any action that is not a categorical exclusion.

2007 BEA Program Application

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CDFI Form: CDFI-0002

Assurances and Certifications
Signing the certification on the SF 424 certifies that the Applicant will comply with the Assurances and Certifications
listed below if an Award is made. Certain of these Assurances and Certifications may not be applicable to the
Applicant. An Applicant may not modify any of the Assurances and Certifications.
Act of 1912 (42 U.S.C. 290 dd-3 and 290 ee-3), as
A. Standard Form 424B: Assurances -- Nonamended, relating to confidentiality of alcohol and
Construction Programs
drug abuse patient records; (h) Title VIII of the Civil
As the duly authorized representative of the Applicant, I
Rights Act of 1968 (42 U.S.C.3601 et seq.), as
certify that the Applicant:
amended, relating to nondiscrimination in the sale,
1. Has the legal authority to apply for Federal
rental or financing of housing; (i) any other
assistance, and the institutional, managerial and
nondiscrimination provisions in the specific
financial capability (including funds sufficient to pay
statute(s) under which Application for Federal
the non-Federal share of project costs) to ensure
assistance is being made; and (j) the requirements
proper planning, management and completion of the
of any other nondiscrimination statutes which may
project described in this Application.
apply to the Application.
2. Will give the Awarding agency, the Comptroller
7. Will comply, or has already complied, with the
General of the United States, and if appropriate, the
requirements of Titles II and III of the Uniform
State, through any authorized representative,
Relocation Assistance and Real Property Acquisition
access to and the right to examine all records,
Policies Act of 1970 (P.L. 91-646) which provide for
books, papers, or documents related to the Award;
fair and equitable treatment of persons displaced or
and will establish a proper accounting system in
whose property is acquired as a result of Federal or
accordance with generally accepted accounting
federally assisted programs. These requirements
standards or agency directives.
apply to all interests in real property acquired for
3. Will establish safeguards to prohibit employees
project purposes regardless of Federal participation
from using their positions for a purpose that
in purchases.
constitutes or presents the appearance of personal
8. Will comply with the provisions of the Hatch Act (5
or organizational conflict of interest, or personal
U.S.C.1501-1508 & 7324-7328) which limit the
gain.
political activities of employees whose principal
4. Will initiate and complete the work (activities in
employment activities are funded in whole or in part
Application) within the applicable time frame after
with Federal funds.
receipt of approval of the Awarding agency.
9. Will comply, as applicable, with the provisions of the
5. Will comply with the Intergovernmental Personnel
Davis-Bacon Act (40 U.S.C. 276a to 276a-7), the
Act of 1970 (42 U.S.C. 4728-4763) relating to
Copeland Act (40 U.S.C. 276c and 18 U.S.C. 874),
prescribed standards for merit systems for
and the Contract Work Hours and Safety Standards
programs funded under one of the nineteen statutes
Act (40 U.S.C. 327-333), regarding labor standards
or regulations specifies in Appendix A of OPM’s
for federally assisted construction subagreements.
Standards for a Merit System of Personnel
10. Will comply, if applicable, with flood insurance
Administration (5 CFR 900, Subpart F).
purchase requirements of Section 102(a) of the
6. Will comply with all Federal statutes relating to
Flood Disaster Protection Act of 1973 (P.L. 93-234)
nondiscrimination. These include but are not limited
which requires recipients in a special flood hazard
to: (a) Title VI of the Civil Rights Act of 1964
area to participate in the program and to purchase
(P.L.88-352) which prohibits discrimination on the
flood insurance if the total cost of insurable
basis of race, color or national origin; (b) Title IX of
construction and acquisition is $10,000 or more.
the Education Amendments of 1972, as amended
11. Will comply with environmental standards which
(20 U.S.C.1681-1683, 1685-1686), which prohibits
may be prescribed pursuant to the following: (a)
discrimination on the basis of sex; (c) Section 504 of
institution of environmental quality control measures
the Rehabilitation Act of 1973, as amended (29
under the National Environmental Policy Act of 1969
U.S.C.794), which prohibits discrimination on the
(P.L.91-190) and Executive Order 11514; (b)
basis of handicaps; (d) the Age Discrimination Act
notification of violating facilities pursuant to EO
of 1975, as amended (42 U.S.C.6101-6107), which
11738; (c) protection of wetlands pursuant to EO
prohibits discrimination on the basis of age; (e) the
11990; (d) evaluation of flood hazards in floodplains
Drug Abuse Office and Treatment Act of 1972 (P.L.
in accordance with EO 11988; (e) assurance of
92-255), as amended, relating to nondiscrimination
project consistency with the approved State
on the basis of drug abuse; (f) the Comprehensive
management program developed under the Coastal
Alcohol Abuse and Alcoholism Prevention,
Zone Management Act of 1972 (16 U.S.C. 1451et
Treatment and Rehabilitation Act of 1970 (P.L.91seq.); (f) conformity of Federal actions to State
616), as amended, relating to nondiscrimination on
Implementation Plans under Section 176(c) of the
the basis of alcohol abuse or alcoholism; (g)
Clear Air Act of 1955, as amended (42 U.S.C. 7401
Sections 523 and 527 of the Public Health Service
et seq.); (g) protection of underground sources of

2007 BEA Program Application

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CDFI Form: CDFI-0002

12.

13.

14.

15.

16.

17.

18.

drinking water under the Safe Drinking Water Act of
1974, as amended, (P.L.93-523); and (h) protection
of endangered species under the Endangered
Species Act of 1973, as amended, (P.L.93-205).
Will comply with the Wild and Scenic Rivers Act of
1968 (16 U.S.C. 1271 et seq.) related to protecting
components or potential components of the national
wild and scenic rivers system.
Will assist the Awarding agency in assuring
compliance with Section 106 of the National Historic
Preservation Act of 1966, as amended (16 U.S.C.
470), EO 11593 (identification and protection of
historic properties), and the Archaeological and
Historic Preservation Act of 1974 (16 U.S.C. 469a-1
et seq.).
Will comply with P.L. 93-348 regarding the
protection of human subjects involved in research,
development, and related activities supported by
this Award of assistance.
Will comply with the Laboratory Animal Welfare Act
of 1966 (P.L. 89-544, as amended, 7 U.S.C. 2131 et
seq.) pertaining to the care, handling, and treatment
of warm blooded animals held for research,
teaching, or other activities supported by this Award
of assistance.
Will comply with the Lead-Based Paint Poisoning
Prevention Act (42 U.S.C. 4801 et seq.) which
prohibits the use of lead based paint in construction
or rehabilitation of residence structures.
Will cause to be performed the required financial
and compliance audits in accordance with the Single
Audit Act of 1984.
Will comply with all applicable requirements of all
other Federal laws, executive orders, regulations
and policies governing this program.

C. Certification Regarding Debarment, Suspension,
and Other Responsibility Matters -- Primary
Covered Transactions: Instructions for Certification
1.

B. Additional Certifications
In addition to the assurances and certifications provided
by the Applicant pursuant to OMB Standard Form 424B,
the Applicant hereby assures and certifies that:
1. It is duly organized and validly existing under the
3.
laws of the jurisdiction in which it was incorporated
or otherwise established, and is (or within 30 days
will be) authorized to do business in any jurisdiction
in which it proposes to undertake activities specified
in this Application;
2. Its Board of Directors (or similar governing body)
has by proper resolution or similar action authorized
the filing of this Application, including all
4.
understandings and assurances contained herein,
and directed and authorized the person identified as
the authorized representative of the Applicant to act
in connection with this Application and to provide
such additional information as may be required;
3. It will comply with all applicable requirements of the 5.
Community Development Banking and Financial
Institutions Act of 1994 (the Act) [12 U.S.C. 4701 et
seq.], regulations implementing the Act and all other
applicable Department of the Treasury regulations
and implementing procedures (and any regulations
or procedures which are later promulgated to

2007 BEA Program Application

supplement or replace them);
It will comply, as applicable and appropriate, with
the requirements of OMB Circulars (e.g., A-110 and
A-133) and any regulations and circulars which are
later promulgated to supplement or replace them,
including standards for fund control and
accountability;
It has not knowingly and willfully made or used a
document or writing containing any false, fictitious
or fraudulent statement or entry as part of this
Application or any related document,
correspondence or communication. (The Applicant
and its authorized representative should be aware
that, under 18 U.S.C. 1001, whoever knowingly and
willfully makes or uses such document or writing
shall be fined or imprisoned for not more than five
years, or both); and
The information in this Application, and in these
assurances and certifications in support of the
Application, is true and correct to the best of the
Applicant’s knowledge and belief and the filing of
this Application has been duly authorized.

By signing and submitting this Application, the
prospective primary participant (the Applicant) is
providing the certification set out below.
The inability of a person to provide the certification
required below will not necessarily result in the
denial of participation in this covered transaction.
The prospective Applicant shall submit an
explanation of why it cannot provide the certification
set out below. The certification or explanation will
be considered in connection with the Fund’s
determination whether to enter into this transaction
(approval and funding of the Application). However,
failure of the Applicant to furnish a certification or an
explanation shall disqualify such person from
participation in this transaction.
This certification is a material representation of fact
upon which reliance is placed when the Fund
determines to enter into this transaction. If it is later
determined that the Applicant knowingly rendered
an erroneous certification, in addition to other
remedies available to the Federal Government, the
Fund may terminate this transaction for cause or
default.
The Applicant shall provide immediate written notice
to the Fund if at any time the Applicant learns that
its certification was erroneous when submitted or
has become erroneous by reason of changed
circumstances.
The terms “covered transactions,” “debarred,”
“suspended,” “ineligible,” “lower tier covered
transaction,” “participant,” “person,” “primary
covered transaction,” “principal,” “proposal”, and
“voluntarily excluded,” as used in this clause
(certification), have the meanings set out in the
Definitions and Coverage sections of the rules

- 27 -

CDFI Form: CDFI-0002

implementing Executive Order 12549. You may
contact the Fund for assistance in obtaining a copy
of those regulations (31 CFR part 19).
6. The Applicant agrees by submitting this Application
that, should the proposed covered transaction be
entered into, it shall not knowingly enter into any
lower tier covered transaction with a person who is
debarred, suspended, declared ineligible, or
voluntarily excluded from participation in this
covered transaction, unless authorized by the Fund.
7. The Applicant further agrees by submitting this
Application that it will include the clause titled
“Certification Regarding Debarment, Suspension,
Ineligibility and Voluntary Exclusion-Lower Tier
Covered Transaction,” to be provided by the Fund,
without modification, in all lower tier covered
transactions and in all solicitations for lower tier
covered transactions (see 31 CFR part 19, Appendix
B).
8. A participant in a covered transaction may rely upon
a certification of a prospective participant in a lower
tier covered transaction that it is not debarred,
suspended, ineligible, or voluntarily excluded from
the covered transaction, unless it knows that the
certification is erroneous. A participant may decide
the method and frequency by which it determines
the eligibility of its principals. Each participant may,
but is not required to, check the Nonprocurement
List.
9. Nothing contained in the foregoing shall be
construed to require establishment of a system of
records in order to render in good faith the
certification required by this clause. The knowledge
and information of a participant is not required to
exceed that which is normally possessed by a
prudent person in the ordinary course of business
dealings.
10. Except for transactions authorized under paragraph
6 of these instructions, if a participant in a covered
transaction knowingly enters into a lower tier
covered transaction with a person who is
suspended, debarred, ineligible, or voluntarily
excluded from participation in this transaction, in
addition to other remedies available to the Federal
Government, the Fund may terminate this
transaction for cause or default.

D. Certification Regarding Debarment,
Suspension, and Other Responsibility Matters -Primary Covered Transactions
1.

The prospective primary participant (the Applicant)
certifies to the best of its knowledge and belief, that
it and its principals:
(a) are not presently debarred, suspended,
proposed for debarment, declared ineligible, or
voluntarily excluded from covered transactions
by any Federal department or agency;
(b) have not within a three-year period preceding
this Application been convicted of or had a civil
judgment rendered against them for
commission of fraud or a criminal offense in

2007 BEA Program Application

connection with obtaining, attempting to obtain,
or performing a public (Federal, State or local)
transaction or contract under a public
transaction; violation of Federal or State
antitrust statutes or commission of
embezzlement, theft, forgery, bribery,
falsification or destruction of records, making
false statements, or receiving stolen property;
(c) are not presently indicted for or otherwise
criminally or civilly charged by a governmental
entity (Federal, State or local) with commission
of any of the offenses enumerated in paragraph
(1)(b) of this certification; and
(d) Have not within a three-year period preceding
this Application had one or more public
transactions (Federal, State or local) terminated
for cause or default.
Where the Applicant is unable to certify to any of the
statements in this certification, such Applicant shall
attach an explanation to this proposal.

E. Certification Regarding Drug-Free Workplace
Requirements
1.

The Applicant certifies that it will provide a drug-free
workplace by:
(a) publishing a statement notifying employees that
the unlawful manufacture, distribution,
dispensing, possession, or use of a controlled
substance is prohibited in the Applicant’s
workplace and specifying the actions that will
be taken against employee for violations of
such prohibition;
(b) establishing a drug-free awareness program to
inform employees about:
(i) the dangers of drug abuse in the workplace;
(ii) the Applicant’s policy of maintaining a drugfree workplace;
(iii) any available drug counseling,
rehabilitation, and employee assistance
program;
(iv) the penalties that may be imposed upon
employees for drug abuse violations occurring
in the workplace
(c) making it a requirement that each employee to
be engaged in the performance of the Award be
given a copy of the statement required by
subparagraph (a);
(d) notifying the employee in the statement
required by subparagraph (a) that, as a
condition of employment in such grant, the
employee will:
(i) abide by the terms of the statement; and
(ii) notify the employer of any criminal drug use
statute conviction for a violation occurring in the
workplace no later than five calendar days after
such conviction;
(e) notifying the granting agency in writing, within
ten calendar days after receiving notice of a
conviction under subparagraph (d) (ii) from an
employee or otherwise receiving actual notice of
such conviction;

- 28 -

CDFI Form: CDFI-0002

taking one of the following actions, within 30
days of receiving notice under subparagraph
(d)(ii), with respect to any employee who is so
convicted:
(i) taking appropriate personnel action against
such an employee, up to and including
termination, consistent with the requirements of
the Rehabilitation Act of 1973, as amended; or
(ii) requiring such employee to participate
satisfactorily in a drug abuse assistance or
rehabilitation program approved for such
purposes by a Federal, State, or local health,
law enforcement, or other appropriate agency;
and
(g) making a good faith effort to continue to
maintain a drug-free workplace through
implementation of subparagraphs (a), (b), (c),
(d), (e), and (f).
The Applicant may insert in the space provided
below the site(s) for the performance of work
(activities carried out by the Applicant) to be done in
connection with the Award (Place of Performance
(Street Address, City, County, State and zip Code)):
Not Applicable
(f)

F. Certification Regarding Lobbying
1.

The Applicant certifies, to the best of its knowledge
and belief, that:
(a) No Federal appropriated funds have been paid
or will be paid, by or on behalf of the Applicant,
to any person for influencing or attempting to
influence an officer or employee of any agency,
a Member of Congress, an officer or employee
of Congress, or an employee of a Member of
Congress in connection with the Awarding of
any Federal contract, the making of any Federal

2007 BEA Program Application

grant, the making of any Federal loan, the
entering into of any cooperative agreement, and
the extension, continuation, renewal,
amendment, or modification of any Federal
contract, grant, loan, or cooperative agreement;
(b) If any funds other than Federal appropriated
funds have been paid or will be paid to any
person for influencing or attempting to influence
an officer or employee of any agency, a
Member of Congress, an officer or employee of
Congress, or an employee of a Member of
Congress in connection with this Application,
the undersigned shall complete and submit
Standard Form LLL, “Disclosure Form to Report
Lobbying, “ in accordance with its instructions;
and
(c) The Applicant shall require that the language of
this certification be included in the Award
documents for all sub-awards of all tiers
(including subcontracts, subgrants, and
contracts under grants, loans, and cooperative
agreements) and that all subrecipients shall
certify and disclose accordingly.
This certification is a material representation of fact
upon which reliance is placed when this transaction
is made or entered into. Submission of this
certification is a prerequisite for making or entering
into this transaction imposed by section 1352, title
31, U.S. Code. Any person who fails to file the
required certification shall be subject to a civil
penalty of not less than $10,000 and not more than
$100,000 for each such failure

- 29 -

CDFI Form: CDFI-0002

Certification 1: ETAs, First Accounts, or New Branches
Applicant Name:
Signing the certification on the SF 424 certifies that the Applicant has complied with the
conditions listed below (as applicable for the checked activities).

ETAs
-

The Applicant does hereby certify that (i) the Applicant has entered into, and is in compliance with,
the Financial Agency Agreement with the Treasury Department; and (ii) each ETA for which the
Applicant is seeking a BEA Award possesses ALL of the characteristics listed below:

Is an individually owned account at a Federally-insured financial institution;

Allows access to the insured depository institution’s on-line point-of-sale network (if any);

Is offered only to individuals receiving Federal benefit, wage, salary, or retirement payments;

Permits a minimum of four cash withdrawals and four balance inquiries per month, which are
included in the monthly fee, through any combination of proprietary ATM transactions and/or
over-the-counter transactions;
Requires no minimum balance except as required by Federal or state law;
Provides a monthly statement;
Provides the same consumer protections that are available to other account holders at the
financial institution;
Allows set-off only for fees directly related to the account; and
Is subject to a maximum monthly account-servicing fee of $3.00.
Is in compliance with its Financial Agency Agreement with the U.S. Department of Treasury.

First Accounts
-

The Applicant does hereby certify that each First Account for which the Applicant is seeking
consideration possess all of the characteristics checked below:

Is an individually owned account at a Federally-insured financial institution held by an
individual(s) who has had no prior relationship with a federally insured financial institution;

Permits a minimum of four cash withdrawals and four balance inquiries per month, which are
included in the monthly fee, through any combination of proprietary automated teller machine
(ATM) transactions and/or over-the-counter transactions;

Allows access to the insured depository institution’s on-line point-of-sale network (if any);
Requires no minimum balance except as required by Federal or state law;
Provides a monthly statement; and
Provides the same consumer protections that are available to other account holders at the
financial institution.

Certification for Opening Retail Branches
The Applicant does hereby certify that on _______(date), it opened a new branch office
located at:
___________________________________________________________________________
. The Applicant has not operated an office in the same census tract in which it is opening such
new office within the three years prior to opening said branch on the aforementioned date; and
such new office will remain in operation for at least the next five years.

Certification 2: Certification of Disbursement
Applicant Name:
Signing the certification on the SF 424 certifies that the documentation which the Applicant has
provided to the Fund evidencing a disbursement of the proceeds of the loan(s) to the
borrower(s) listed below, in the amounts listed below, is true and accurate. This Certification is
incorporated into the Award Agreement by and between the Applicant and the Fund, and
made a material part thereof.
Service Provided / Total Dollar
Borrower / Investee Value Or
Amount Of
Transaction

2007 BEA Program Application

Amount
Disbursed
To Date

Date Of Date Of Initial Date Of Final
Execution Disbursement Disbursement
MM/DD/YY MM/DD/YY MM/DD/YY

- 31 -

Type Of
Activity
(Abbreviation
Only)

CDFI Form: CDFI-0002

Certification 3: Certification of Same Distressed Community
Applicant Name:
The Applicant does hereby certify that it is designating the same Distressed
Community as the following CDFI Partner (enter name of CDFI Partner
below):

2007 BEA Program Application

- 32 -

CDFI Form: CDFI-0002

Applicant Information
Applicant Organization Name:
Taxpayer/Employer Identification Number (EIN):
FDIC Certificate Number:
How many hours did it take you to complete this Application?
Applicant’s Total Assets (in thousands) from 12/31/2006 Call Report or TFR.

Indicate whether any of the following apply to your institution:
Minority Bank. An institution in which minorities have at least 51% ownership, the majority of Board
Directors or account holders are minority, or the community that the institution services is predominantly
minority. Minorities include: African-Americans, Native Americans, Alaska Natives, Native Hawaiians,
Hispanic Americans, Asian-Americans, or women.
Community Bank. Any institution that identifies itself as a “community bank” should check this item.
Certified CDFI. An institution certified as a CDFI by the Fund as of 12/31/2005 (FY 2007).

Applicant's Type of Charter:
State in which the Applicant’s headquarters is physically located:
Indicate which of the following states are within your institution’s service area:
Alaska
Alabama
Arkansas
American Samoa
Arizona
California
Colorado
Connecticut
District of Columbia
Delaware
Florida
Fed. St. of Micronesia
Georgia
Guam
Hawaii
Iowa
Idaho
Illinois
Indiana
Kansas
Kentucky
Louisiana
Massachusetts
Maryland
Maine
Marshall Islands
Michigan
Minnesota
Missouri
Northern Mariana Isl.

2007 BEA Program Application

No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No

Mississippi
Montana
North Carolina
North Dakota
Nebraska
New Hampshire
New Jersey
New Mexico
Nevada
New York
Ohio
Oklahoma
Oregon
Pennsylvania
Puerto Rico
Palau
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Virginia
Virgin Islands
Vermont
Washington
Wisconsin
West Virginia
Wyoming

- 33 -

CDFI Form: CDFI-0002

No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No

Instructions for Worksheet 1: Award Request Calculation
CDFI RELATED ACTIVITIES:
Line 1:

Line 2:

Line 3:

List the dollar value of Equity Investments / Equity-Like Loans for the Baseline Period
(Column B) and Assessment Period (Column C). Subtract the value in Column B from
the value in Column C and list the result in Column D to yield the change in Qualified
Activities. Multiply the amount in Column D by 15% and list the product in Column F
to yield the Estimated Award Amount for Equity Investments / Equity-Like Loans.
List the dollar value of CDFI Support Activities for the Baseline Period (Column B) and
Assessment Period (Column C). Subtract the value in Column B from the value in
Column C and list the result in Column D to yield the change in Qualified Activities.
Multiply the amount in Column D by the applicable Award percentage in Column E
(18% if the Applicant is a CDFI or 6% if the Applicant is not a CDFI) and list the
product in Column F to yield the Estimated Award Amount for CDFI Support Activities.
Add the values listed on lines 1 and 2 of Column F to yield the Estimated Award
Amount for CDFI Related Activities.

DISTRESSED COMMUNITY FINANCING ACTIVITIES:
Lines 4-9:

Line 10:
Line 11:

List the dollar value of each sub-category of Distressed Community Financing
Activities for the Baseline Period in Column B and for the Assessment Period in
Column C. Subtract the value in Column B from the value in Column C for each subcategory of activity and list the result in Column D to yield the change in Qualified
Activities. Multiply the amount in Column D for each line by the corresponding Priority
Factor in Column E to yield a weighted value. List the weighted value of each subcategory of activity in Column F.
Add the values listed on lines 4 to 9 of Column F to yield a Total Score. List the Total
Score in Column F, Line 10.
Multiply the Total Score (Column F, line 10) by the applicable Award percentage (3%
(non-CDFI Applicants) or 9% (CDFI Applicants)) to yield an Estimated Award Amount
for Distressed Community Financing Activities. List the Estimated Award Amount in
Column F, Line 11

SERVICE ACTIVITIES:
Lines 1216:

Line 17:
Line 18:

List the dollar value of each sub-category of Service Activity for the Baseline Period in
Column B and for the Assessment Period in Column C. Subtract the value in Column
B from the value in Column C for each sub-category of activity and list the result in
Column D to yield the change in Qualified Activities. Multiply the amount in Column D
for each line by the corresponding Priority Factor in Column E to yield a weighted
value. List the weighted value of each sub-category of activity in Column F.
Add the values listed on lines 12 to 16 of Column F to yield a Total Score. List the
Total Score in Column F, Line 17.
Multiply the Total Score (Column F, Line 17) by the applicable Award percentage (3%
(non-CDFI Applicants) or 9% (CDFI Applicants)) to yield an Estimated Award Amount
for Service Activities. List the Estimated Award Amount in Column F, Line 18.

If the Applicant has carried out no activity in a category during the Baseline Period and/or
Assessment Period, write “0” in the applicable columns and check the box in Column A.

2007 BEA Program Application

- 34 -

CDFI Form: CDFI-0002

Worksheet 1: Award Request Calculation
CDFI RELATED ACTIVITIES

A
B
C
Not
Baseline Assmnt
Reporting Period
Period

D
Change
in
Activity

q
Equity Investments / Equity-Like Loans
q
2. CDFI Support Activities
3. Estimated Award Amount for CDFI Related Activities:
1.

DISTRESSED COMMUNITY FINANCING
ACTIVITIES
4.
5.
6.
7.
8.
9.
10.
11.

A
B
C
Not
Baseline Assmnt
Reporting Period
Period

12. Deposits
13. Community Services
14. Financial Services
15. Targeted Financial Services
16. Targeted Retail Savings/Investment Products

A
B
C
Not
Baseline Assmnt
Reporting Period
Period

q
q
q
q
q

F
Estimated
Award
Amount

15%
6% / 18%

D
Change
in
Activity

Affordable Home Mortgage Loans
q
Affordable Housing Development Loans &
q
Project Investments
Small Business Loans and Project Investments
q
Home Improvement Loans
q
Education Loans
q
Commercial Real Estate Loans & Project
q
Investments
Total Score:
Estimated Award Amount for Distressed Community Financing Activities:

SERVICE ACTIVITIES

E
Award
Percent

E
Priority
Factor

F
Weighted
Value

3.0
2.0
3.0
3.0
3.0
2.0

D
Change
in
Activity

E
Priority
Factor

F
Weighted
Value

1.0
1.0
1.0
3.0
1.0

17. Total Score:
18. Estimated Award Amount for Service Activities:

2007 BEA Program Application

- 35 -

CDFI Form: CDFI-0002

Report of Transactions
Column

Entry

A: Transaction
Number

(For Fund Use Only)

B: Service Provided/
Borrower/ Investee

Report each transaction by borrower, investee, grantee, CDFI, or other
recipient.
Service Activities: report each transaction carried out during the
Assessment Period by the service provided.

C: Total Dollar Value

Report the total original dollar amount of each transaction.
Service Activities: report the grand total of each category of activity.

D: Amount Disbursed List total dollar amount disbursed on each transaction by the end of the
Assessment Period.
to Date
For Service Activities, TA to CDFIs, and Financing Activities less than
$250,000: record same figure as Col. B.
E: Street Address

For each Financing Activity transaction of $250,000 or more: enter the
borrower’s street address or the location of the property (real estate loans).

F: City

For each Financing Activity transaction of $250,000 or more: enter the city
of the borrower or the property (real estate loans).

G: State

For each Financing Activity transaction of $250,000 or more: enter the
state of the borrower or property (real estate loans).

H: Zip Code

For each Financing Activity transaction of $250,000 or more: enter the zip
code of the borrower or the property (real estate loans)..

I: Census Tract

For CDFI Related Activities: leave blank.
For each other transaction, list the census tract (including state and county
code) where the borrower, investee, grantee, or property is located.

J: Execution Date

List the date the activity occurred or the transaction was closed.

K: Initial
Disbursement Date

List the date the Applicant made the initial disbursement.
Leave blank if no initial disbursement has been made.

L: Final Disbursement List the date the Applicant made the final disbursement.
Date
Leave blank if not fully disbursed.
M: Type of Activity

List the type of each transaction using the abbreviations provided below:
CDFI Equity Investments / Equity-Like Loans

CEI

CDFI Equity Like Loans

ELL

CDFI Grants

CDFI Loans

LNS

CDFI Deposits / Shares

2007 BEA Program Application

- 36 -

CDFI Form: CDFI-0002

N: Impact
(Informational
Purposes Only)

TA provided to CDFIs

TAC

Affordable Housing Mortgage Loans

AHM

Affordable Housing Development Loans and Project
Investments

AHD

Commercial Real Estate Loans and Project Investments

CRE

Education Loans

EDU

Home Improvement Loans

HIL

Small Business Loans and Project Investments

SBL

Deposit Liabilities

Financial Services

Targeted Financial Services

TFS

Targeted Savings Products

TSP

Community Services

For Financing Activities, provide the number of the appropriate measure for
each transaction:
· Affordable Housing Mortgages: Number of homebuyers.
· Affordable Housing Development: Number of units developed or
rehabilitated.
· Small Business: Number of full-time equivalent jobs created or
maintained by borrower/investee.
· Commercial Real Estate: Square footage of commercial real estate.
· For Financial Services and Targeted Financial Services: #accounts
opened, checks cashed, etc..
· For Targeted Savings/Investment Products: Number of Products sold.
· For Community Services: Number of individuals who received the
identified service.

2007 BEA Program Application

- 37 -

CDFI Form: CDFI-0002

Part II: myCDFIFund
Applicability
An Applicant seeking an award in the Distressed Community Financing Activity and/or Service
Activity categories must first designate its BEA-qualified Distressed Communities via CIMS (the
Fund’s mapping system) and then register them via myCDFIFund. A CDFI Partner that is the
recipient of a CDFI Support Activity must designate a BEA-qualified Distressed Community in
which it is Integrally Involved and then register with the Fund via its MyCDFIFund account
(including the submission of a Statement of Integral Involvement). An Applicant seeking an
award for CDFI Support activities must either (1) designate one or more Distressed
Communities, or (2) complete the Certification of Same Distressed Community and submit as
part of a complete BEA Program Application. This option applies ONLY to Applicants whose
activities are limited to CDFI Support Activities and is NOT available to Applicants proposing
Distressed Community Financing Activities and/or Service activities. If this option is chosen,
the Applicant must submit a signed Certification 3: Certification for Same Distressed
Community Designation.

Deadline For Distress Community and CDFI Partner Registration:
March 19, 2007 5:00 pm ET
Steps for Distress Community and CDFI Partner Registration
Detailed instructions on registering a Distressed Community designation and registering as a
CDFI Partner are available on the Fund’s website, under the BEA Program. See the document
called “Registration Instructions.” The following is a brief overview of the instructions:
·

Step 1. CDFI Partners ONLY: Download a blank Statement of Integral Involvement from
Fund’s website and save it to your computer. Complete the Statement.

Step 2. If not already registered, register your organization with MyCDFIFund by following
the instructions on the Fund’s website (www.cdfifund.gov). Access your organization’s
MyCDFIFund account.

Step 3: Designate a Distressed Community in CIMS.
-

For more information on how to use CIMS, please click on View the Tutorial to help
you get started and better understand the myCDFIFund Mapping System under the
Mapping homepage. The tutorial contains step-by-step instructions on how to create a
Distressed Community map and a corresponding List of Eligible Census Tracts at your
desk. Note: A Distressed Community as defined by the BEA Program is not the same
as an Investment Area as defined by the CDFI Program and for certification as a CDFI.

Step 4: Open the BEA Program Signature Page and attach the Distressed Community
designation materials (i.e., the map and worksheet for each Distressed Community). CDFI
Partners will also attach the completed Statement of Integral Involvement.

Step 5. Sign and submit the completed Signature Page.

Definition of Distressed Community

2007 BEA Program Application

- 38 -

CDFI Form: CDFI-0002

A Distressed Community, defined in 12 CFR Part 1806.103(r), and as more fully described
in 12 CFR 1806.200, consists of a geographic area with continuous boundaries that is
located within the boundaries of one Unit Of General Local Government that meets certain
minimum population, poverty, and unemployment requirements. The Glossary (available
on the BEA Page of the Fund’s website) describes the specific characteristics of a
Distressed Community.

An Applicant may designate an area as a Distressed Community by selecting a Geographic
Unit(s) that individually meets the minimum population, poverty, and unemployment
requirements. An Applicant may also designate a Distressed Community by selecting two
or more contiguous Geographic Units that, in the aggregate, meet the geographic,
population, poverty, and unemployment requirements -- provided that no designated
Geographic Unit within the Distressed Community has a poverty rate of less than 20
percent.

The CDFI Partner’s designated Distressed Community must meet the requirements of the
BEA Program. A Distressed Community as defined by the BEA Program is not the same
as an Investment Area as defined by the CDFI Program (i.e., Core and SECA).

Additional Information on CDFI Partner Registration
Eligible CDFI Partners
·

For the FY 2007 funding round, an eligible CDFI Partner is a CDFI whose certification is
current and valid as of the end of the applicable Assessment Period.

Statement of Integral Involvement
A CDFI Partner that receives CDFI Support Activities must demonstrate that it is Integrally
Involved in a BEA-eligible Distressed Community by: (1) designating a Distressed Community;
and (2) providing a Statement of Integral Involvement. (See 12 CFR 1805.104(s)) The
Applicant must submit these materials to the Fund via its myCDFIFund account according to
the instructions for registering as a CDFI Partner. This information is not required of CDFI
Partners that are the recipient of Equity Investments / Equity-Like Loans or Grants.
A CDFI Partner will be found to be “Integrally Involved in a Distressed Community” if it
demonstrates, to the satisfaction of the Fund, that:
·

At least five percent of its financial transactions or dollars transacted (e.g., loans or equity
investments as defined in 12 CFR 1805.104(s)), or five percent of Development Service
activities, were made in the Distressed Community identified by the Applicant or the CDFI
Partner, as applicable, in each of the three calendar years preceding December 31, 2006,
or

At least ten percent of the CDFI Partner’s financial transactions (e.g., loans or equity
investments) were made in said Distressed Community in at least one of the three calendar
years preceding December 31, 2006, or

Attained at least five percent of market share for a particular product in said Distressed
Community (e.g., it originated five percent of all home mortgages originated in the
Distressed Community) in at least one of the three calendar years preceding December 31,
2006.

Each BEA Applicant seeking an award for providing CDFI Support to a CDFI Partner will

2007 BEA Program Application

- 39 -

CDFI Form: CDFI-0002

identify the CDFI Partner by listing its full legal name on the its Report of Transactions.
Fund staff will verify the CDFI Partner is registered via myCDFIFund.

2007 BEA Program Application

- 40 -

CDFI Form: CDFI-0002

Statement of Integral Involvement
This form is available as a Word template on the Fund’s website (www.cdfifund.gov) .
CDFI Partner:
City, State:
Name of Distressed Community:
·

For each type of lending or investing activities, provide an appropriate measure of volume,
such as the annual number and dollar amount of loans closed. If the CDFI Partner has
more than one type of loan product, it may list each product individually or all together.

For each type of Development Service, provide an appropriate measure of activity level
such as the number of clients receiving technical assistance, marketing loan products, or
community meetings.

For Financial Services, provide an appropriate measure of activity level, such as number of
accounts opened each year.

Information should be provided for the CDFI Partner’s three most recently completed fiscal
years.

CDFI Partner Activity
in Identified
Distressed
Community

FY 200_
Total #/$ # / $ Amount
% To
Amount
To
Distressed
Distressed Community
Community

Lending/Investments:

Financial Services:

Development Services:

2007 BEA Program Application

- 41 -

CDFI Form: CDFI-0002

Part III: Documentation
General Information
The following details the requirements for reporting and documenting Qualified Activities.
Applicants should use this guidance in conjunction with the instructions for each worksheet as
well as the BEA Program Regulations, FY2007-FY2008 NOFA, and the Supplemental
Guidance for Applicants (all available on the Fund’s website). The BEA Program regulations
contain definitions of all Qualified Activities.
Activities of the Applicant: To be eligible for BEA Program consideration, the Applicant or a
Subsidiary of the Applicant must originate all Qualified Activities. Transactions carried out by
Affiliates are not eligible. Loans brokered through another institution or loans purchased by
the Applicant from another institution are not eligible for BEA Program consideration. If you
are unsure of the eligibility of any Subsidiary or Affiliate, contact the Fund for clarification.
Arms-length transactions: To be considered an eligible Qualified Activity, each loan and
investment must be an arms-length transaction with a third party that is not an Affiliate of the
Applicant.
What to Report: All reported amounts should be rounded to the nearest dollar. For both the
Baseline Period and the Assessment Period, report all Qualified Activities that were closed
during the applicable period. To be considered Closed:
·

The transaction must have been executed on a date within the applicable Assessment
Period; and

The Applicant and the borrower or investee must have entered into a legally binding
agreement that specifies the final terms and conditions of the transaction; and

An initial cash disbursement of loan or investment proceeds must have occurred in a
manner that is consistent with customary business practices and is reasonable given the
nature of the transaction (as determined by the Fund). If it is normal business practice to
make no initial disbursement at closing (as is typical for lines of credit or construction
loans), the Applicant must provide a brief narrative stating such and demonstrating that the
borrower had access to the proceeds, subject to reasonable conditions (such as meeting
certain project milestones), beginning at closing.

Face value: For term loans, each transaction must be reported at the total principal dollar
amount of the closed loan or investment, subject to the dollar amount and time limitations
imposed by the Fund, and as set forth in the applicable NOFA. For lines of credit (including
construction lines of credit), each transaction should be reported at the maximum amount of
credit available through the instrument, subject to dollar amount and time limitations imposed
by the Fund. For transactions that are not fully disbursed as of the end of the Assessment
Period, the amount reported should only reflect the amount expected to be disbursed within 12
months of the end of the applicable Assessment Period (December 31, 2007), subject to dollar
amount limitations imposed by the Fund, and as set forth in the applicable NOFA.

2007 BEA Program Application

- 42 -

CDFI Form: CDFI-0002

Cap on Qualified Activity Amount: In calculating Award amounts, the Fund will count only
the amount an Applicant reasonably expects to disburse on a transaction within 12 months
from the end of the Assessment Period, but in no event shall the value of a Qualified Activity
for purposes of determining a BEA Program Award exceed $10 million in the case of
Commercial Real Estate Loans or any CDFI Related Activities (i.e., the total principal amount
of the transaction must be $10 million or less to be considered a Qualified Activity).
Low-Income Housing Tax Credits; New Markets Tax Credits: Investments for which the
Applicant receives federal Low-Income Housing Tax Credits or New Markets Tax Credits as an
investor are not considered Qualified Activities. If an Applicant is providing a loan or an
investment for a project in which Low-Income Housing Tax Credits or New Markets Tax Credits
are a part of the financing package, the activity will be considered a Qualified Activity -provided that the Applicant and/or any of its Affiliates do not have a ownership stake in the
subject project and have not received Low-Income Housing Tax Credits or New Markets Tax
Credits in exchange for the investment.

Application Checklist: Summary of Required Documentation by Category
The checklist below provides a summary of required documentation for Qualified Activities.
Detailed instructions on reporting and documenting Qualified Activities follows.
Category

Closing Documents

Disbursement
Documents

File Type	application/pdf
File Title	2007 BEA Application Final.doc
File Modified	2006-12-22
File Created	2006-12-22