Not Applicable.

Uses and Use Restrictions

Through the CDFI Bond Guarantee Program, the U. S. Department of the Treasury will provide a 100 percent guarantee on the principal and interest of Bonds issued by Qualified Issuers.

No guarantee amount may be less than $100,000,000, provided the total of all such guarantees in any one fiscal year may not exceed $1,000,000,000 (subject to appropriations).

By legislative design, the CDFI Bond Guarantee Program is a zero subsidy credit program.

In accordance with Federal credit policy, the Federal Financing Bank will purchase Bonds issued by Qualified Issuers.

The maximum maturity of the bonds is 29.5 years and the bonds are taxable.

Qualified Issuers as ?pass-through? entities (not as obligors) will lend the Bond proceeds to Eligible CDFIs.

The loans to Eligible CDFIs must be used for Eligible Community or Economic Development Purposes.

Bond and Bond Loan rates and terms will vary.

Eligibility Requirements

Applicant Eligibility

The Act defines Eligible CDFIs and authorizes the CDFI Fund to determine which entities may serve as Qualified Issuers.

Beneficiary Eligibility

Eligible CDFIs must use the Bond Proceeds for Eligible Community and Economic Development Purposes. This may include, but is not limited to, lending activities in low-income communities and underserved rural areas such as: owner-occupied home mortgages, charter schools, and municipal and community entity lending, among others.

Credentials/Documentation

Eligible CDFIs must be certified by the CDFI Fund. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is not applicable.

An environmental impact assessment is required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Application procedures will be set forth in the CDFI Bond Guarantee Program regulations, the applicable Notice of Guarantee Availability (NOGA), and application materials.

Award Procedures

The CDFI Fund reviews applications and authorizes the provision of Guarantees based on an established merit-based review process set forth in the CDFI Bond Guarantee Program regulations, NOGA, and application materials.

Deadlines

Contact the headquarters or regional office, as appropriate, for application deadlines.

Authorization

The Small Business Jobs Act of 2010, Section 1134, Public Law 111-240.

Range of Approval/Disapproval Time

> 180 Days.

Appeals

Not Applicable.

Renewals

Not Applicable.

Assistance Considerations

Formula and Matching Requirements

Statutory formulas are not applicable to this program. Matching requirements are not applicable to this program. This program does not have MOE requirements.

Length and Time Phasing of Assistance

The CDFI Bond Guarantee Program is subject to annual congressional authorization and appropriation. Guaranteed Bonds may have terms up to 29.5 years. See the following for information on how assistance is awarded/released: See the following for information on how assistance is awarded/released: Procedures for Bond Loan disbursements are set forth in the CDFI Bond Guarantee Program regulations and the NOGA.

Post Assistance Requirements

Reports

Reporting is required of Qualified Issuers and Eligible CDFIs regarding the use of Bond and Bond Loan proceeds.

No cash reports are required.

Progress reports are required.

Expenditure reports may be required.

Performance monitoring is required.

Audits

In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503. The CDFI Fund may, if it deems appropriate, audit Qualified Issuers, Eligible CDFIs, Program Administrators, Servicers, and/or the Master Servicer/Trustee, or provide for or require an audit, at least annually.

Records

Record keeping will be required.

Financial Information

Account Identification

20-1881-0-1-451.

Obigations

(Guaranteed/Insured Loans) FY 16 $500,000,000; FY 17 est $500,000,000; and FY 18 Estimate Not Available

Range and Average of Financial Assistance

No Data Available.

Regulations, Guidelines, and Literature

Program regulations (12 C.F.R. 1808), NOGA, and application materials.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Bond Gurantee Program 1500 Pennsylvania Avenue, N.W., Washington, District of Columbia 20036 Email: bgp@cdfi.treas.gov Phone: (202) 653-0300

Criteria for Selecting Proposals

The application review and evaluation process is merit-based and based on established standard operating procedures, which may include interviews and/or site visits.