Form 1 CMF Program Application FY2025-2027

Capital Magnet Fund Application

CMF Program Application for FY 2025 - FY 2027 PRA_Final

Capital Magnet Fund Application Form and Instructions

OMB: 1559-0036

Document [pdf]

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FY 2025 – FY 2027
CMF PROGRAM APPLICATION
TEMPLATE FOR PRA RENEWAL

APRIL 2025

CDFI FUND
U.S. DEPARTMENT OF THE TREASURY

CMF APPLICATION TEMPLATE
The Community Development Financial Institutions Fund (CDFI Fund) is publishing this Capital Magnet Fund
(CMF) Application Template (Application Template) in conjunction with the Notice for Public Comment on
proposed and/or continuing information collection, as required by the Paperwork Reduction Act (PRA) of
1995, 44 U.S.C. 3506(c)(2)(A). This Application Template is provided for the purposes of soliciting comments
on the appropriateness of the information collected in the Application. The CMF Application is an online form
submitted through the CDFI Fund’s Awards Management Information System (AMIS).
CMF is administered by the CDFI Fund. Through CMF, the CDFI Fund provides Federal financial assistance for
affordable housing and related economic development to Certified Community Development Financial
Institutions (CDFIs) and to qualified Nonprofit Organizations that have the development or management of
affordable housing as one of their principal purposes.
In order to understand the requirements of CMF, including eligible uses of Federal financial assistance,
potential Applicants should review the CMF Interim Rule (12 C.F.R. 1807). Capitalized terms not defined in this
Application Template (other than titles) have meanings set forth in the CMF Interim Rule or the Notice of
Funds Availability (NOFA). The CMF Interim Rule and most recent NOFA are available on the CDFI Fund’s
website: www.cdfifund.gov/cmf.

New data collection elements are highlighted in yellow.

CDFI FUND | CMF Application Template

CONTENTS

AMIS Application Instructions .............................................................................................................................. 3
CMF Application Instructions ............................................................................................................................... 7
Organization and Application Information .......................................................................................................... 7
Part 1: Business Strategy and Leveraging Strategy............................................................................................ 15
Part 2: Community Impact.................................................................................................................................. 35
Part 3: Organization Capacity ............................................................................................................................. 54
Appendix 1: Financing Products ......................................................................................................................... 59
Appendix 2: Track Record and Projections ........................................................................................................ 61
Appendix 3: Project Pipeline and Sources ......................................................................................................... 74
Appendix 4: Secured Sources of Leveraged Capital........................................................................................... 80
Appendix 5: Key Personnel ................................................................................................................................. 82
Appendix 6: Previous CDFI Fund Awards/Allocations ....................................................................................... 84
Appendix 7: Compliance Evaluation Questions ................................................................................................. 85
Appendix 8: Application Financial Data ............................................................................................................. 91
Appendix 9: AMIS Application Attachments ................................................................................................... 104
Appendix 10: Forms and Certifications ............................................................................................................ 109
Environmental Review Attestation ..............................................................................................................109
Assurances and Certifications ......................................................................................................................109
501(C)(4) Questionnaire ...............................................................................................................................115

CDFI FUND | CMF Application Template

AMIS Application Instructions
AMIS Application Overview
The remainder of this document provides the full question text and related guidance for the information that
should be entered into the CMF Application in AMIS. For technical details on how to use and navigate AMIS,
see the applicable “CMF Application AMIS Use and Navigation Guide” at https://www.cdfifund.gov/programstraining/programs/cmf/apply-step#2.
In order to facilitate the crosswalk between the online AMIS Application and this Question Text/Guidance
document, here are a few tips:
•
•

Prepare narrative responses to questions outside of AMIS. Once your narratives are finalized, you can
copy and paste the final versions into the appropriate fields in AMIS.
Prior to submitting the Application and required attachments through AMIS, be sure that the
information is correct. The CDFI Fund will not accept any revisions or amendments to the CMF
Application once it has been submitted.

Please be sure that all data entered into AMIS is accurate and complete. As part of the CMF Application review
process, information entered in AMIS will be used to score and rank the Applicants (as outlined in the NOFA).
Applicants will not be able to revise information entered into AMIS after Application submission. Failure to
provide complete and accurate information may negatively impact the evaluation of an Applicant’s CMF
Application. The CDFI Fund reserves the right to reject an Application if information submitted through AMIS is
determined to be inaccurate.
In order to facilitate the crosswalk between this Application guidance document and AMIS, each Application
question in this document will be presented in a Table that contains the following information:
• Full question text
• Response
• Notes/guidance relevant to that specific question or sub-question
• AMIS Field Type

AMIS FIELD TYPES
Below is an overview of the eight field types you will encounter in completing the Application in AMIS.
•
•
•
•
•
•

Auto-populated: These fields will be automatically populated in AMIS based on other data inputs. No
data entry is required for fields that are marked “auto-populated.”
Currency: These fields allow the Applicant to enter currency data points and have a dollar sign in front.
For example, Award Request Amount: $2,000,000.
Look-up: These fields allow the Applicant to search and select data fields for an existing list in the
AMIS database. For example, when entering Service Area geographies, the Applicant can “look-up”
states or territories.
Narrative: These fields allow the Applicant to enter text (non-numeric data). These fields will also have
a character limit, as indicated in each question.
Numeric: These fields allow the Applicant to enter a number (that is not a dollar figure or a
percentage). For example, Number of hours to complete the Application: 100.
Percentage: These fields allow the Applicant to enter a percentage. For example, Percentage of CMF
Award that will be used as a Loan Loss Reserve: 23%.

CDFI FUND | CMF Application Template

•
•

Picklist: These fields allow the Applicant to select an option from a suite of choices (e.g., a dropdown
of “Yes” or “No”).
Text: These are short text fields that allow the Applicant to enter up to 255 characters. They are used
for names and short descriptions.

Organizational Profile, Program Profile, and Creating an AMIS Application
The first step to getting ready to apply for CMF is getting set up in AMIS. See the AMIS user guide for
instructions on how to register your organization in AMIS. Once your organization is registered in AMIS, the
first step in completing the AMIS Application is to ensure that your Organizational Profile has certain required
fields completed. You should complete the Date of Incorporation field, Fiscal Year End Day, Fiscal Year End
Month, UEI, and Congressional District fields and make sure they are up-to-date.
Next, you can navigate to your CMF Program Profile from your Organizational Profile in AMIS. Click on the
Program Profile Name (P-XXXXXX) to navigate to the CMF Record Type.
On the CMF Program Profile, you should complete the field “Entity Approach” as part of creating an Application.
This field is not related to an Applicant’s eligibility but relates to the capacity in which the Applicant will be using
its CMF Award (i.e., Entity Approach), if selected for an Award. This selection will trigger certain validations on
the AMIS Application. The options are listed below:
• financing Entity Approach
• affordable housing developer/manager approach
Where appropriate, the CDFI Fund will use different criteria in order to evaluate the financial health, capacity,
portfolio performance, and strategies of these two distinct groups.
A financing Entity Approach should be selected for an entity that intends to use the CMF Award to provide
arm’s length transactions and services to independent, unrelated parties, each acting in its own best interest.
Such transactions support and promote affordable housing and/or community development through the
provision of financial products that serve low-income communities, individuals or families with low-incomes,
or underserved markets or communities. Most CDFIs will select the financing Entity Approach. Non-Profit
Housing Organizations (i.e., organizations that are not Certified CDFIs) may also select the financing Entity
Approach if they are proposing to finance affordable housing and have a track record of financing affordable
housing.
An affordable housing developer/manager approach will likely be selected by Nonprofit Organizations whose
primary mission is the construction, development, redevelopment, preservation, or management of
affordable housing. The affordable housing developer may own the housing that is developed; may own it in
part, such as a limited partnership; may sell the homeownership housing it develops once completed; or may
sell but continue to manage the housing if rental housing. Most CDFIs should not select a developer/manager
approach. However, a CDFI that intends to act as an affordable housing developer to execute the CMF Award
and has a track record as an affordable housing developer can select the affordable housing
developer/manager approach.
Once you select your Entity Approach, please be sure to click “Save.”
Finally, a CMF Eligibility Object must be created. To create this record, from the CMF Program Profile, click the
CMF Program Eligibility button. Once you click this button, you will see one of two screens, depending on the

CDFI FUND | CMF Application Template

Fiscal Year end of your organization. After answering and clicking next, you will see a screen that shows your
historic fiscal years, as well as your current fiscal year. Verify that the historic and current years are correct
and hit next. If they are not correct, submit a Service Request.
After you have verified the information in your Program Profile, you can create an Application in AMIS. To do
so, click the “Apply for CMF Funding” button. This will bring you to an initial screen where you enter the data
from the Applicant Information section.
Once an Application is launched, you can view the status of the Application anytime on the CMF Program
Profile, under the ‘Related’ tab. There are four statuses that a user will generally see: New, In Progress,
Submitted, or Abandoned.

Linking SF-424 to AMIS Application
After your SF-424 Mandatory Form is accepted in Grants.gov, a copy of the form will automatically be
transferred into your Organization Profile in AMIS. The Applicant must then link the SF-424 to its CMF
Application. For detailed instructions on how to do this, please refer to the applicable “CMF Application AMIS
Use and Navigation Guide” at https://www.cdfifund.gov/programs-training/programs/cmf/apply-step#2.

Linking Title VI Compliance Worksheet to AMIS Application
After the Title VI Compliance Worksheet is completed in AMIS, the Applicant must then link the Title VI
Compliance Worksheet to its CMF Program Application. For Depository Institution Holding Company (DIHC)
Applicants, the Title VI Compliance Worksheet requirement also applies to the Applicant’s Subsidiary
Depository Institution. Note, the Applicant will only be able to link the Title VI Compliance Worksheet for the
DIHC Applicant to the CMF Program Application. After the submission deadline, the CDFI Fund will verify
whether the Title VI Compliance Worksheet was submitted for the Subsidiary Depository Institution as well.
For detailed instructions on how to link a submitted Title VI Compliance Worksheet to the CMF Program
Application, please refer to the applicable “CMF Application AMIS Use and Navigation Guide” at
https://www.cdfifund.gov/programs-training/programs/cmf/apply-step#2.
For detailed instructions on how to complete the Title VI Compliance Worksheet, please refer to the “Title VI
Compliance Worksheet Training Manual” at https://www.cdfifund.gov/sites/cdfi/files/202307/CDFI_Fund_Title_VI_Compliance_Worksheet_USER%20GUIDE_7192023.pdf.

CDFI FUND | CMF Application Template

Forms and Certifications
All CMF Applicants must complete the Environmental Review Form and Assurances and Certifications as part
of their AMIS online Application submission. Any Applicant that is a 501(c)(4) must also complete the 501(c)(4)
form as part of their AMIS online Application submission. You will complete these forms by entering data in
the Applicant Information screen in AMIS. For the full text and questions for the Environmental Review form,
Assurances and Certifications, and 501(c)(4) Questionnaire, see Appendix 10. If an Applicant is unable to
respond “Yes” to all Assurances and Certifications, it must attach a statement that contains an explanation.
Detailed instructions on how to launch and complete the AMIS Application is provided in the applicable “CMF
Application AMIS Use and Navigation Guide” on the CDFI Fund’s website. Read on for additional information
and guidance on the CMF Application questions.

CDFI FUND | CMF Application Template

CMF Application Instructions
Each section contains fields where Applicants input requested information. Please note that some fields in the
Application in AMIS will be automatically populated based on other data inputs. Please see this year’s CMF
Application AMIS Use and Navigation Guide for technical details on how to use and navigate AMIS.
Note about character limits in AMIS: Pay close attention to the character limits for each entry field in the
Application in AMIS. The character limitations in AMIS include spaces, special characters, and punctuation, and
are not always exactly the same as character counts in word processing applications. If you are using Word or
similar software to initially organize your narrative responses, please ensure that your entire response is copied
correctly into AMIS, as any characters beyond the AMIS limit count will be cut off from your response.

Organization and Application Information
The following section of the Application is the Organization and Application Information section. Certain
information in these questions will be auto-populated in AMIS based on data from the Applicant’s Organizational
Profile page in AMIS. If you need to edit any of the auto-populated fields, you must edit the information directly
in the Organizational Profile. You will not be able to edit it in the Application itself.
Question 1(a)-(g) – Organization Level Information
Most fields in this question are auto-populated in AMIS based on the Applicant’s AMIS Organizational Profile. If you
need to edit any of the information in these fields, you must edit the information directly in the Organizational
Profile. You will not be able to edit it in the Application itself.
Question Text
Response
Question Tips
Field Type

a. Organization Name

Autopopulated

b.i. Address

Autopopulated

b.ii. Congressional District

Autopopulated

c. Employer Identification
Number (EIN)
d. Unique Entity Identifier (UEI)

Autopopulated
Autopopulated

e. Applicant’s Date of
Incorporation

Autopopulated

f. Applicant’s fiscal year end
(month/day)

Autopopulated

f.i. Applicant’s fiscal year end
Month

Autopopulated

CDFI FUND | CMF Application Template

This must be the formal name of the Applicant organization
as it appears on all relevant legal documents such as the
Articles of Incorporation. Please make sure punctuation,
capitalization, and spelling are correct. If the name that is
currently listed in this field is not the Applicant’s legal name,
please contact the CDFI Fund through a Service Request.
If the address populating in this field is not correct, it will
need to be changed on the Applicant’s Organizational Profile
in AMIS.
If the Congressional District populating in this field is not
correct, or it is blank, it will need to be changed on the
Applicant’s Organizational Profile in AMIS.
Must match what’s on the Applicant’s SF-424 in Grants.gov.
Must match what’s on the Applicant’s SF-424 in Grants.gov.
Only Applicants that have been in existence as a legal entity
for at least three years prior to the Application deadline are
eligible to apply for funding.
The Applicant’s fiscal year end.
The Applicant’s fiscal year end month.

Autopopulated

Autopopulated
Autopopulated
Autopopulated
Autopopulated
Autopopulated
Autopopulated
Autopopulated

Question Text

f.ii. Applicant’s fiscal year end
Day

g. Entity Approach

Response

Autopopulated
Autopopulated
(affordable
housing
developer/
manager or
financing
entity)

Question Tips
The Applicant’s fiscal year end day.

Applicant’s Entity Approach will be auto-populated based on
the selection in the CMF Program Profile.

Picklist
(Yes/No)

Select Yes if your organization worked with an external
consultant to prepare your application. Select No if your
organization did not work with an external consultant to
prepare your application. As appropriate, the CDFI Fund may
contact consultants, in addition to the organization’s
Authorized Representatives, during the Application review
process. Whether an organization prepares its Application
internally or works with an external consultant has no impact
on scoring.

h.i. External Consultant Name

Text

Enter the name of the primary consultant your organization
worked with to prepare your application.

h.ii. External Consultant Email

Text

Enter the email address of the primary consultant your
organization worked with to prepare your application.

h.iii. External Consultant Phone
Number

Numeric

Enter the phone number of the primary consultant your
organization worked with to prepare your application.

h. Did your organization work
with an external consultant to
prepare your application?

Field Type

Autopopulated

Picklist

Conditionally
required
based on
Q.1.h
Conditionally
required
based on
Q.1.h
Conditionally
required
based on
Q.1.h

Question 1(i)-(k) – Bank Holding Companies
This subsection only applies to Bank Holding Company Applicants that intend to carry out the activities of an award
through their Subsidiary CDFI Insured Depository Institution.
Question Text
Response
Question Tips
Field Type
i. Depository Institution
Holding Company (DIHC)
Subsidiary Name

Text

j. DIHC Subsidiary EIN

Numeric

k. Subsidiary Authorized
Representative Name:
Subsidiary Signed Certification

Text

CDFI FUND | CMF Application Template

Upload

If the Applicant is a Certified CDFI Depository Institution
Holding Company that intends to carry out the activities of a
CMF Award through its Certified CDFI Subsidiary Insured
Depository Institution, it must identify the name and EIN of
this Certified CDFI Subsidiary depository institution. This field
is optional.
See previous note. This field is conditional. It must be
completed if an entry has been made in (h) above.
See previous note. This field is conditional. It must be
completed if an entry has been made in (h) above.
1) The Applicant should review and confirm that the prepopulated data below is accurate.
2) Click the "Print Page" link located at the bottom right-hand
corner of the page to open a window that displays the Bank

Text

Numeric
Text
Upload

Question Text

Response

Question 2 – Requested Award
Question Text
Response

a. What is the total
dollar amount of Award
requested in this
Application?

$_______

b. Select the type of
Award Payment
requested for this
funding round.

Picklist

CDFI FUND | CMF Application Template

Question Tips

Holding Companies Subsidiary Certification page for printing.
Print this page.
3) The Subsidiary Authorized Representative must manually
write his/her title, signature, and date for the Bank Holding
Companies Subsidiary Certification Page.
4) Scan and upload the signed Bank Holding Companies
Subsidiary Certification Page to your computer.
5) Then, drag and drop it from the file on your computer to
the "Drag and Drop" location on the CMF Application
template under the Bank Holding Companies Subsidiary
Certification Page subsection.
6) There should be a link present with the name of the
document that you just uploaded to indicate that you
successfully attached the signed Bank Holding Companies
Subsidiary Certification Page.
7) Click the Save button.

Question Tips

Field Type

• The Applicant should request an amount that it can use to finance
eligible activities with total Eligible Project Costs at least 10 times the
amount of the CMF Award. The Applicant should also request an award
amount that it is confident will be:
i. Committed for Use to one or more Eligible Uses within two (2)
years of the Effective Date of the Assistance Agreement for Lump
Sum and Initial Payments, and three (3) years of the Effective
Date of the Assistance Agreement for Subsequent Payments;
ii. Achieve Project Commitment to specific Projects within three (3)
years of the Effective Date of the Assistance Agreement; and
iii. Achieve Project Completion within five (5) years of the Effective
Date of the Assistance Agreement.
• Applicants selected for a CMF Award will have the option to receive the
Award as a Lump Sum Payment or in an Initial Payment and a
Subsequent Payment. The Subsequent Payment would be issued no
later than one (1) year after the Initial Payment.
• The Applicant may not request an amount below $500,000.
• Per CMF statute, a single (1) eligible Applicant, including its Subsidiaries
and Affiliates, may not be awarded more than 15% of the aggregate
funds available for Federal financial assistance under the corresponding
Capital Magnet Fund NOFA. Note: Historic CMF Awards are significantly
less than the maximum allowed under the CMF statute. For example, in
FY 2024, the maximum award amount obligated was $9 MM.
• AMIS will require that the Award amount requested be rounded to the
nearest thousand (e.g., $615,000 instead of $615,123).
• Select either Lump Sum Payment or Initial Payment & Subsequent
Payment.
• If an Applicant selects a Lump Sum Payment, if awarded, the total
Award amount will be made in one payment.
• If an Applicant selects Initial Payment & Subsequent Payment, the total
amount will be split into two payments.

Field Type

Currency

Picklist

Question Text

Response

c. What is the desired
Initial Payment Amount
of the CMF Award?

$_______

d. What is the desired
Subsequent Payment
Amount of the CMF
Award?

Autocalculated

Question 3 –Service Area
Question Text

• AMIS Note: Q.2(c) and Q.2(d) will not appear in AMIS if Q.2(b) is a Lump
Sum Payment.
• AMIS Note: Q.2(c) and Q.2(d) will not appear in AMIS if Q.2(b) is a Lump
Sum Payment.
• The Initial Payment amount must be greater than or equal to $500,000.
• AMIS Note: Q.2(c) and Q.2(d) will not appear in AMIS if Q.2(b) is a Lump
Sum Payment.
• The Subsequent Payment amount will equal the balance of the Total
Award minus the Initial Payment amount and will be automatically
calculated.

Response
__ Statewide
(or territorywide)

a. Identify the type(s) of
Service Area geography(ies)
requested for this Award.

__ MultiState (more
than one
state or
territory)
__ National
Service Area

b. Identify the particular
Service Area geographies
where the Applicant will
deploy its CMF Award.

CDFI FUND | CMF Application Template

Question Tips

Look-up

Question Tips

• Applicants proposing to serve a portion of a single state
(city, county, or regional levels), should select Statewide.
• An Applicant that proposes to serve a Service Area that
includes a Metropolitan Area that extends across more than
one state (e.g., the Philadelphia and Boston Metropolitan
Areas) should select “Multi-State Service Area.”
• The largest Multi-State Service Area an Applicant can
request is limited to 15 states or territories.
• Subject to the NOFA, a national Service Area may
additionally be selected.
• If selected for a CMF Award, Recipients are allowed to use
up to 15% of their Award outside of their Service Area(s).
• In the search field, you can search by geography name and
then select the Service Area geography.
• A Statewide Service Area will cover one state/territory.
Applicants planning to serve localities within just one
state/territory should select this option.
• A Multi-State Service Area must cover at least two
states/territories but no more than 15 states/territories.
• Subject to the applicable NOFA, an Applicant may also
select a national Service Area.
• If the Applicant is a Certified CDFI, please note that the CMF
Service Area does not need to be the same as the
Applicant’s CDFI Target Market.
• If the Applicant is selected for a CMF Award and has a
Multi-State Service Area, it may be held to
financing/developing at least one Project in any specific
state(s) within its Multi-State Service Area. Thus, the
Applicant should only select Service Area geographies
where it is confident it can deploy some of its CMF Award.
• An Applicant will generally score more favorably if it
proposes to serve an underserved State or territory as
identified in the applicable NOFA.

Field Type

Currency

Field Type

Picklist

Look-up

Question Text

c. For the Service Area
geographies selected in (b),
indicate whether the Applicant
has managed, developed, or
financed affordable housing or
economic development in the
last five fiscal years.

d. Does the Applicant plan to
use any portion of the CMF
Award to serve Rural Areas?

Response

Question Tips

Picklist
(Yes/No)

• In AMIS, the Applicant will indicate next to each Service
Area geography selected in (c) if it is a Service Area
geography where the Applicant has managed, developed,
or financed affordable housing or economic development
in the last five fiscal years.

Picklist

Picklist
(Yes/No)

• Applicants who select “Yes” for Q.3(d) will specify the
percentage of CMF Award dollars that the Applicant is
willing to commit to deploy in Rural Areas in Question
25(a).
• Subject to the NOFA, a Rural Area national Service Area may
additionally be selected for Applicants serving Rural Areas in
Question 3(b).
• If the Applicant is not committing to deploy a percentage of
CMF Award dollars in Rural Areas, select “No.”

Picklist

Question 4 – Application Contacts
Question Text
Response
a. Select a first Application
Point of Contact from the
Applicant’s AMIS contacts.
b. Select a second Application
Point of Contact from the
Applicant’s AMIS contacts.
c. Select a third Application
Point of Contact from the
Applicant’s AMIS contacts.

________

________
________

Question 5 – Applicant Eligibility Criteria
Question Text
Response
a. Is the Applicant a Certified
CDFI as of the date of the
NOFA publication?

Autopopulated
(Yes/No)

b. If (a) is “Yes,” what is the
CDFI certification number?

Autopopulated

c. Is the Applicant a
Nonprofit entity formed by
an Indian Tribe?

Picklist
(Yes/No)

d. Is the Applicant a
Nonprofit Organization?

Autopopulated
(Yes/No)

CDFI FUND | CMF Application Template

Question Tips

When you select an Application Point of Contact in AMIS, their
email and phone number will populate. Please ensure this
information is accurate or you may miss important information
about the Application.
The Applicant must provide at least two different Application
contacts and the second Application Point of Contact must be
different than the first Application Point of Contact.
The Applicant does not have to select a third point of contact,
but it is recommended. Adding more individuals makes it less
likely the Applicant will miss a communication.

Question Tips

The Applicant’s CDFI certification status should auto-populate in AMIS
from the Applicant’s Organization Profile. If it does not, please
contact the CDFI Fund as soon as possible to resolve the issue.
The Applicant’s CDFI certification number should pre-populate in
AMIS from the Applicant’s Organization Profile. If it does not, please
contact the CDFI Fund as soon as possible to resolve the issue.
Per the Interim Rule § 1807.104, Indian Tribe means any Indian Tribe,
band, pueblo, nation, or other organized group or community,
including any Alaska Native village or regional or village corporation,
as defined in or established pursuant to the Alaska Native Claims
Settlement Act (43 U.S.C. 1601, et seq.). Each such Indian Tribe must
be recognized as eligible for special programs and services provided
by the United States to Indians because of their status as Indians.
• The Applicant’s Nonprofit Organization status should pre-populate
in AMIS from the Applicant’s Organization Profile. If it does not,
please contact the CDFI Fund as soon as possible to resolve the
issue.

Field Type

Field Type
Look-up

Look-up
Look-up

Field Type
Autopopulated
Autopopulated

Picklist

Autopopulated

Question Text

e. Are at least 33 and 1/3 %
of the Applicant’s total
assets dedicated to the
development or
management of affordable
housing?

Response

Yes/No

• If the Applicant is relying on its Nonprofit Organization status for
eligibility (i.e., it is not a Certified CDFI), it must attach the
following documentation to its AMIS Application:
o State charter, articles of incorporation, or other establishing
document stating the Applicant is a nonprofit or a not-forprofit;
o A certificate or determination letter demonstrating tax
exempt status from the IRS; and
o Articles of incorporation, by-laws, or other organizational
establishing documents demonstrating the Applicant has a
principal purpose of managing or developing affordable
housing.
• AMIS Note: This question will only appear in the AMIS Application
if the Applicant is not a Certified CDFI.
• Total assets are the sum of the value of all of the organization’s
assets.
• If the Applicant is relying on its Nonprofit Organization status for
Eligibility, it must attest that it meets this test.
• AMIS Note: This question will only appear in the AMIS Application
if the Applicant is not a Certified CDFI.

Question 6 – Consortium Approach Applicants
Question Text
Response

a. Is the Applicant using a Consortium
Approach and applying as a member of
a Consortium with other members also
applying for a CMF Award in the same
funding round?

CDFI FUND | CMF Application Template

Question Tips

Yes/No

Question Tips

• Applicants using a Consortium Approach must apply
individually, and if awarded funding, will receive
separate Awards from their peer Consortium members.
All Applicants must submit their own SF-424 and AMIS
Application to be eligible for an Award.
• Regardless of whether any organization(s) will be
involved in the Applicant’s CMF strategy, the Applicant
entity must meet all eligibility requirements on its own.
• The “CMF Evaluation Process” document (available at
www.cdfifund.gov/cmf on the “Step 2: Apply” page)
contains the specific details on how Applicants using a
Consortium Approach will be evaluated and scored. As
an overview:
o For Applicants who indicate they are using a
Consortium Approach, members will be
evaluated collectively on criteria such as strategy,
track record, pipeline, impact and metrics,
geographic targets, income targeting, and
deployment capacity.
o For Applicants who indicate they are using a
Consortium Approach, members will be
evaluated on a prorated basis on Eligible Project
Costs, unit production, and leverage.
o For Applicants who indicate they are using a
Consortium Approach, each member will be
evaluated individually on criteria such as grant
management experience, financial health,

Field Type

Picklist

Field Type

Picklist

Question Text

Response

Question Tips

•
b. If Yes to (a), list all Consortium
member Applicants who are applying
as part of the same Consortium for a
CMF Award in this funding round. All
members of the Consortium must each
apply individually in the same funding
round.

•
Text

•

c. Describe the business relationship
between Consortium Applicant(s) and
the role each organization(s) will play
in the CMF Award, specifically
addressing: 1) The purpose, structure,
and governance of the Consortium;
and 2) The role in executing the
proposed business and leveraging
strategy outlined in the Application.

•
Narrative –
2,000
characters
•

management practices, organizational strength,
and commitment to serving Rural Areas.
Applicants using a Consortium Approach are required to
type in the full legal name and provide the UEI of the
Consortium members, including the Applicant.
If the names provided do not match the Applicant’s
name and UEI in AMIS, and/or the CDFI Fund is unable to
confirm information with members of a proposed
Consortium, the CDFI Fund will review the Application(s)
on a stand-alone basis. Up to five (5) Consortium
Applicants can be identified in the Application, including
the Applicant. A Consortium may not include any
Affiliates. See the corresponding CMF NOFA for
additional detail on eligibility.
Describe the business relationship between Consortium
members and the role each organization(s) will play in
the administration of the CMF Award, specifically
addressing: 1) the purpose, structure, and governance of
the Consortium; and 2) the role in executing the
proposed business and leveraging strategy outlined in
the Application.
Applicants using the Consortium Approach are required
to submit a Service Request in AMIS notifying the CMF
Program of each organization’s intent to apply as a
member of a Consortium using the Consortium Approach
by the date stipulated in Table 1 of the NOFA. The
Service Request should include the full legal name and
UEI of the Consortium members, including the Applicant.
A Consortium does not need to be legally formed in
order to submit an Application for CMF. The CDFI Fund
reserves the right to require Recipients using the
Consortium Approach to enter into a CMF Recipient
Consortium Member Agreement, which will specify the
binding commitments of each member prior to Award
execution.

Question 7 – Total Estimated Hours to Complete the Application
Question Text
Response
Question Tips
Estimate the number of
hours required to
complete the entire
Application package:

____ hours

CDFI FUND | CMF Application Template

For purpose of estimating Application completion hours, Applicants
should focus only on the amount of time it took to complete and
populate the questions asked in the Application materials. Other
activities that are carried out in the normal course of business and are
only indirectly related to the completion of this Application (e.g.,
identifying a project/lending pipeline, developing a strategic plan or
marketing plan, etc.) should not be included in this estimate. This
question will not be scored.

Field Type

Dynamic
Table

Narrative

Field Type

Numeric

Question 8 – Executive Summary
Question Text

Summarize the key elements of the CMF Proposal,
including:
• A summary of the proposed strategy.
• The Applicant’s vision for what this CMF
Award will accomplish, including the
challenge/need the CMF Award will help
address, and the anticipated outcomes that
will result from the proposed CMF Award
strategy.
• How receiving the requested CMF Award will
allow the Applicant to do things it would
otherwise not be able to do.
• How the Applicant’s organizational capacity
and track record supports the Applicant’s
ability to execute the proposed CMF Award
strategy.

CDFI FUND | CMF Application Template

Response

Narrative –
3,000
characters

Question Tips

This is a high-level summary of the CMF
Application strategy/vision.

Field Type

Narrative

Part 1: Business Strategy and Leveraging Strategy
Proposed Uses of a CMF Award
Question 9(a) – Eligible Uses
Please select all of the Eligible Uses (previously referred to as “Eligible Activities” under the 2016 CMF Interim Rule) that the Applicant intends to
undertake with the CMF Award. If awarded, the Recipient’s Assistance Agreement will detail all Eligible Uses approved for the Recipient. Applicants
should refer to the 2024 CMF Interim Rule for full definitions of Eligible Uses.
Question Text
Response
Question Tips
Field Type
1. Capitalize Loan Loss Reserves

Yes/No

2. Capitalize a Revolving Loan Fund

Yes/No

3. Capitalize an Affordable Housing
Fund
4. Capitalize an Economic
Development Activity Fund

Yes/No
Yes/No

5. Make Risk-Sharing Loans

Yes/No

6. Provide Loan Guarantees

Yes/No

CDFI FUND | CMF Application Template

Loan Loss Reserves (LLR) means proceeds from the CMF Award the Applicant will set aside in the
form of cash reserve, or through accounting-based accrual reserves, to cover losses on loans,
accounts, and notes receivable for Affordable Housing Activities and/or Economic Development
Activities.
Revolving Loan Fund means an investment fund consisting of CMF Award and Leveraged Capital
that the Recipient uses to finance Affordable Housing Activities and/or Economic Development
Activities wherein the repayments on such loans are used to finance additional loans.
Affordable Housing Fund means a loan, grant, or equity investment fund consisting of the CMF
Award and Leveraged Capital used to finance Affordable Housing Activities.
An investment fund consisting of the CMF Award and Leveraged Capital used to finance Economic
Development Activities.
Risk-Sharing Loans mean loans for Affordable Housing Activities and/or Economic Development
Activities in which the risk of borrower default is shared by the Applicant with other lenders.
Loan Guarantee means the use of the CMF Award to support an agreement to indemnify the
holder of a loan all or a portion of the unpaid principal balance in case of default by the borrower.
The loan funds that are guaranteed with the CMF Award must be used for Affordable Housing
Activities and/or Economic Development Activities. Examples include arrangements where the
Applicant will assume or repay all or a portion of the debt if the borrower defaults.

Picklist

Picklist
Picklist
Picklist
Picklist

Picklist

Question 9(b) – Financing Activities
Please indicate which of the following types of financing types and products will be capitalized with CMF Award dollars (and any Program Income
earned during the 5-year Investment Period). If awarded, Recipients may undertake any of the following financing activities.
Question Text

Response

Question Tips

Field Type

1. Predevelopment Financing

Yes/No

Refers to preliminary and other early costs related to a particular project, such as the costs
of permitting, rezoning, financial applications, legal fees, architectural fees, and engineering
fees.

Picklist

2. Property/Site Acquisition Financing

Yes/No

This category refers to financing any costs associated with obtaining control of the site or
property.

Picklist

3. Construction Financing

Yes/No

This category refers to financing costs associated with the construction of a Project.

Picklist

4. Bridge Loans or Other Similar ShortTerm Financing

Yes/No

This category is for short term financing that doesn’t fit into the categories in (1) – (3).

Picklist

5. Permanent Financing (1st Lien)

Yes/No

This category refers to permanent financing (1st Lien).

Picklist

6. Permanent Financing (2nd Lien or
lower)

Yes/No

This category refers to subordinate permanent financing (2nd Lien or lower).

Picklist

7. Refinancing

Yes/No

This category refers to refinancing of existing loans.

Picklist

8. Loan Loss Reserves or Loan
Guarantees

Yes/No

See Q.9(a) for the definitions of these terms. Note that these should be restricted accounts.

Picklist

9. Equity

Yes/No

This category refers to equity investments.

Picklist

10. Down payment/Closing Cost
Assistance

Yes/No

This category refers to Purchase assistance including down payment and closing cost
assistance for home purchasers.

Picklist

Yes/No

This category refers to affordable housing mortgages originated by third-party lenders
purchased using the CMF Award. Secondary Market Mortgage Purchased loans must meet
CMF requirements, as defined in the CMF Interim Rule (amended June 25, 2024) §
1807.104.

Picklist

11. Secondary Market Mortgage
Purchases

CDFI FUND | CMF Application Template

Question 9(c) – Eligible Activities
Please select all of the proposed activities that the Applicant intends to finance and/or support with a CMF Award. If awarded, Applicants will be
approved in the Assistance Agreement for the following eligible activities based on the selections in Q.9(c): (a) Homeownership Affordable Housing, (b)
Rental Housing, and/or (c) Economic Development Activities. All Recipients will be approved for Direct Administrative Expenses and Feasibility
Determination Expenses.
Question Text
Response
Question Tips
Field Type
1. Homeownership (Development)

Yes/No

2. Homeownership (Rehabilitation)

Yes/No

3. Homeownership (Mortgage
Finance)

Yes/No

4. Homeownership (Down Payment
Assistance)

Yes/No

5. Rental Housing (Development)

Yes/No

6. Rental Housing (Preservation
with Rehabilitation)

Yes/No

7. Rental Housing (Preservation
without Rehabilitation)

Yes/No

CDFI FUND | CMF Application Template

Homeownership Development includes any combination of land acquisition, demolition of
existing facilities, and construction of new facilities for Homeownership CMF Units.
Homeownership Rehabilitation includes any repairs and/or capital improvements that
contribute to the long-term preservation, current building code compliance, habitability,
sustainability, or energy efficiency of Homeownership CMF Units.
Mortgage finance includes providing mortgage loans to eligible Families to purchase
Homeownership CMF Units.
Down payment assistance includes providing down payment assistance, closing cost assistance,
or other forms of purchase assistance grants to eligible Families to purchase Homeownership
CMF Units.
Rental Development includes any combination of land acquisition, demolition of existing
facilities, and construction of new facilities for rental CMF Units.
Rental Preservation with Rehabilitation creates, maintains, or extends the life of the property
and its affordability. Rental Preservation with Rehabilitation includes the acquisition, refinancing,
and/or recapitalization of existing housing. Rehabilitation includes significant repairs or capital
improvements that contribute to the long-term preservation, current building code compliance,
habitability, sustainability, or energy efficiency of rental CMF Units. The housing may include
existing Multi-family or Single-family rental housing where existing affordability restrictions are
set to expire during the Investment Period, or properties with no restrictions where a new 10year affordability restrictions will be imposed. Note, for properties with existing affordability
restrictions, those existing affordability restrictions must be at-risk during the Investment Period
and the affordability extended by a minimum of 10 years.
Rental Preservation without Rehabilitation includes the acquisition, refinancing, and/or
recapitalization of existing multi-family rental housing or Single-family rental housing to create,
maintain, or extend the affordability. Preservation may include the refinancing of properties to
extend the existing affordability restrictions set to expire during the Investment Period by at
least 10 additional years. Preservation may also include the imposition of a new 10-year
affordability period on housing not currently subject to affordability restrictions.

Picklist
Picklist
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Picklist
Picklist

Picklist

Question Text

8. Economic Development Activities
(Commercial Facilities)

Response
Yes/No

9. Economic Development Activities
(Community Service Facilities)

Yes/No

10. Direct Administrative Expenses

Yes/No

11. Feasibility Determination
Expenses

Yes/No

CDFI FUND | CMF Application Template

Question Tips

No more than 30% of the CMF Award may be used for Economic Development Activities.
Commercial facilities are physical structures in which businesses operate.
No more than 30% of the CMF Award may be used for Economic Development Activities.
Community Service Facilities are physical structures in which service programs for residents or
service programs for the broader community operate.
The Applicant may use no more than 5% of its CMF Award for Direct Administrative Expenses.
Any portion of the amount available for Direct Administrative Expenses may be used for direct
costs related to the effective tracking and evaluation of program or evidence-based outcomes
for Projects.
The Applicant may use no more than 5% of its CMF Award for Feasibility Determination
Expenses. Feasibility Determination Expenses mean direct costs incurred by the Recipient to
determine the feasibility of potential Affordable Housing Activities and/or Economic
Development Activities to implement the CMF Award. These costs cannot be deemed as Eligible
Project Costs. Such expenses may include, but are not limited to, preliminary market studies,
engineering, architectural analyses, and financial feasibility analyses, as further detailed in
guidance provided by the CDFI Fund.

Field Type
Picklist
Picklist

Picklist

Question 10 – Community Analysis and Financing Gaps
Question Text
Response

a. Describe the challenges facing LowIncome Families and communities within
the requested Service Area. The
discussion should address:
• The nature and extent of the
affordable housing needs and,
• If applicable, the economic
development/community service
needs.

Question Tips

• Support the narrative with relevant data where possible. For example, metrics of
demand for affordable housing, whether this unmet demand is more acute among
certain subsets of the population, income characteristics of Families in the requested
Service Area, the extent of unemployment in the requested Service Area (if applicable),
lack of access to goods/services, etc. Be sure to cite the sources of any metrics used in
the narrative.

Narrative –
4,000
characters

Field Type

• If the Applicant is planning on targeting specific parts of a Service Area geography (e.g.,
the Applicant requests a Statewide Service Area but plans to target CMF activities in five
key cities within a state), focus the discussion on these specific parts, their needs, and
the strategy to address their needs in detail.
• If the Applicant is planning on a more broad-based approach to all the Service Area
geographies in the requested Service Area, be sure to identify the challenges across the
entire Service Area, using statewide or regional data for each Service Area geography,
where appropriate.

Narrative

• If the Applicant intends to use the Award to address a national Service Area, be sure to
address the needs on a national basis with a focus on areas designated in the applicable
NOFA.
• If the Applicant intends to use the CMF Award to finance/support Economic
Development Activities, it must address community needs relevant to these activities.
• An Applicant will generally score more favorably to the extent that it clearly aligns its
proposed CMF Award activities with the identified affordable housing needs.

b. What financing gaps in the requested
Service Area(s) are contributing to the
challenges described in 10(a)? Describe
the types of financing that are missing or
unavailable at the appropriate rates and
terms, and the reason for the
unavailability of this financing in the
marketplace.
c. If Economic Development Activities are
proposed, what financing gaps are there
in the requested Service Area(s)?
Describe the types of financing that are

CDFI FUND | CMF Application Template

Narrative –
4,000
characters

• Discuss the relevant financing gaps that are not adequately addressed by conventional
financial institutions (i.e., banks, credit unions, mortgage lenders, etc.) as well as by CDFIs
and community development organizations, if applicable.
• Support the description of financing gaps with relevant data and sources where possible.
• An Applicant will generally score more favorably to the extent that it clearly aligns its
proposed CMF Award activities with the identified affordable housing financing gaps.

Narrative

Narrative –
4,000
characters

• If the Applicant intends to use the CMF Award to finance/support Economic
Development Activities, it must address financing gaps relevant to these activities.

Narrative

Question Text

missing or unavailable at the appropriate
rates and terms, and the reason for the
unavailability of this financing in the
marketplace.

CDFI FUND | CMF Application Template

Response

Question Tips

• Discuss the relevant financing gaps that are not adequately addressed by conventional
financial institutions (i.e., banks, credit unions, mortgage lenders, etc.) as well as by CDFIs
and community development organizations, if applicable.
• Support the description of financing gaps with relevant data and sources where possible.
• AMIS Note: This question will only appear in AMIS if the Applicant intends to use a portion
of their CMF Award for Economic Development Activities as indicated in Q.9(b).

Field Type

Question 11 – Proposed CMF Award Financing Activities
Question Text
Response
a. Provide the requested data on the
Applicant’s proposed products in Appendix 1.

Appendix 1

rates and terms) differ from what is
currently available in the market (from
banks, CDFIs, etc.).
• How the proposed products (including
rates and terms) differ from what is
currently being offered by the Applicant
without CMF funding/financing.

See Appendix 1.

Field Type
Appendix 1

• If the Applicant is applying using an affordable housing developer/manager
approach and will use the CMF Award to finance its own projects, it should clearly
describe how the CMF Award dollars will be delivered to the project (e.g., grant,
loan, etc.), and what phase of project financing it will support.

b. Describe how the Applicant will use the
requested CMF Award as part of a financing
strategy to address the challenges and
financing gaps identified in Q.10(a) and
Q.10(b), referencing the proposed financial
products from Appendix 1 as necessary. Be
sure to describe:

• How the proposed products (including

Question Tips

• If the Applicant is proposing to provide homeownership second mortgages/downpayment assistance, it must discuss the rates and terms of the first mortgage and
how the Applicant will ensure these mortgages are affordable for Low-Income
homebuyers.
Narrative –
4,000
characters

• Discuss comparative interest rates and terms that reflect what is available in the
market (including both mainstream financial institutions and CDFIs) and/or from
the Applicant for similar products.
• If the Applicant is proposing to use the CMF Award to support a Loan Loss Reserve
or provide a Loan Guarantee, describe how the loans will address the challenges
and financing gaps identified in this question, and separately describe the strategy
and structure in 11(d).

Narrative

• If the Applicant is proposing to use the CMF Award for predevelopment financing,
describe the strategy to ensure all Projects reach Project Completion by the end of
the Investment Period (i.e., five years after the Effective Date of the Assistance
Agreement) and that the risk of infeasible or uncompleted Projects is avoided.
• An Applicant will generally score more favorably to the extent it demonstrates that
its CMF Award activities will result in more favorable financing rates and terms to
projects.

c. Secondary market activity: If the Applicant
intends to sell CMF-financed loans on the
secondary market, or purchase Secondary
Market Mortgages, describe the anticipated
transaction(s), including: the intended
purchaser(s)/seller(s); the terms and
conditions of the sale; the nature of the loans
(rental or homeownership); timing; and how
all CMF requirements will be met and remain
in place for each loan for the duration of the
Affordability Period.

CDFI FUND | CMF Application Template

• CMF-financed loans may be sold on the secondary market but must retain all
affordability requirements under 12 CFR 1807.400.

Narrative –
2,000
characters

• Loans may be purchased on the secondary market using the CMF Award; however,
such Secondary Market Mortgages must meet the definition under 12 CFR
1807.104, including the following: the loans must have been originated no more
than 12 months before the date of the purchase; the loans were not originated
with CMF Award funds but meet CMF affordability requirements; and the loans
would not have been originated without the Secondary Market Mortgage Purchase.
See the applicable NOFA for further guidance on the purchase of mortgages.

Narrative

• Note if the Applicant will retain any long-term risk or repurchase obligations and, if
so, how the risks and obligations will be managed. Describe any long-term

Question 11 – Proposed CMF Award Financing Activities
Question Text
Response

Question Tips

supportive role the Applicant will play related to these loans, such as servicing or
counseling.

Field Type

• If the Applicant does not intend to undertake secondary market activities, please
state “N/A.”
d. Loan Loss Reserves or Loan Guarantees: If
the Applicant intends to use its CMF Award
for Loan Loss Reserves (LLR) or Guarantees,
describe the strategy, the structure of the
LLR/Loan Guarantees, and the purpose of the
CMF Award.

Narrative –
2,500
characters

• Quantify the anticipated loss rate that these Reserves/Guarantees will cover and
how this rate was derived. Indicate if the LLR will be used for loans originated and
held by the Applicant or if the LLR or Guarantee will be used for loans of a thirdparty lender. Be sure to also describe the rates/terms of the loans that will be
guaranteed/reserved against and how these rates/terms compare to market.
• Describe how the 10-year affordability term and other CMF restrictions will be
imposed and maintained on the properties financed with the loans secured by the
Loan Loss Reserve or Guarantee.

Narrative

• AMIS Note: This question will only appear in AMIS if the Applicant intends to use a
portion of their CMF Award for Loan Loss Reserves or Loan Guarantees as indicated
in Q.9(a).
e. Economic Development Activities: If the
Applicant intends to use its CMF Award for
Economic Development Activities, describe
how the Applicant will use the requested
CMF Award as part of a financing strategy to
address the challenges and financing gaps
identified in Q.10(a) and Q.10(c), referencing
the proposed financial products from
Appendix 1 as necessary. Be sure to describe:
• How the proposed products (including
rates and terms) differ from what is
currently available in the market (from
banks, CDFIs, etc.).
• How the proposed products (including
rates and terms) differ from what is
currently being offered by the Applicant
without CMF support/financing.

CDFI FUND | CMF Application Template

• If the Applicant is proposing to finance/support Economic Development Activities, it
must separately describe the financing types and products for Economic
Development and Affordable Housing in this narrative.
• Discuss comparative interest rates and terms that reflect what is available in the
market (including both mainstream financial institutions and CDFIs) and/or those
being offered by the Applicant for similar products.
Narrative –
2,500
characters

• An Applicant will generally score more favorably to the extent it demonstrates that
its CMF Award activities will result in more favorable financing rates and terms to
projects.

Narrative

• Note: In Question 24, Applicants should describe how the Applicant will ensure that
its activities are part of a Concerted Strategy to stabilize or revitalize a Low-Income
Area or Rural Area in conjunction with affordable housing. This narrative in
Question 11(e) should be used to describe proposed types and products for the
Economic Development Activities.
• AMIS Note: This question will only appear in AMIS if the Applicant intends to use a
portion of their CMF Award for Economic Development Activities as indicated in
Q.9(b).

Track Record and Projections
Questions 12 and 13 focus on the Applicant’s track record and projections. These questions elaborate on the data requested in the Track Record and
Projections tables located in Appendix 2.
Question 12 – Track Record
Question Text
a. Provide data on the Applicant’s track record in Appendix
2, Tables A1, B1, and C1 (as applicable).
b. Describe the Applicant’s track record of Affordable
Housing and Economic Development Activities (as
applicable). Be sure to address:
•

•

How the Applicant’s track record supports its ability to
carry out the proposed CMF Award activities, including
any activities that are similar/relevant to the proposed
CMF Award activities;
Any trends in the level of activity (i.e., if the Applicant’s
activity has had significant differences in volume from
year-to-year, or whether it has been relatively steady);
and
The Applicant’s experience serving its proposed Service
Area(s).

CDFI FUND | CMF Application Template

Response

Question Tips

Field Type

See Appendix
2, Tables A1,
B1 and C1.

See Appendix 2, Tables A1, B1, and C1.

See Appendix
2, Tables A1,
B1, and C1.

Narrative –
5,000
characters

• Please be sure to limit the response to activities that have
occurred three fiscal years prior to the start of the current fiscal
year.
• Be clear about which entity (the Applicant entity or its
Subsidiaries) conducted the activities listed in Appendix 2.
• Applicants may discuss activities completed more recently than
the time period covered in the tables in this narrative as relevant.
• Describe experience and track record in undertaking Economic
Development Activities, if applicable.
• Do not include activities of Affiliates that are not Subsidiaries.

Narrative

Question 13 – Projected Performance and Pipeline
Question Text
Response
a. Provide data on the Applicant’s projected CMF
Award performance and financing activities for the
next five years in Appendix 2, Tables A2, B2, and C2
(as applicable).

See Appendix
2, Tables A2,
B2, and C2.

b. Indicate the dollar amount of the CMF Award that
the Applicant plans to commit to Projects in each of
the respective time periods:

b.i. Year-1 ($)
b.ii. Year-2 ($)
b.iii. Year-3 ($)
b.iv. Year-1 +
Year-2 + Year3

CDFI FUND | CMF Application Template

See Appendix 2, Tables A2, B2, and C2.

• The figures provided in this question are estimates and will not become a
condition of the CMF Award. However, the sum of the values entered for
Year 1, Year 2, and Year 3 must equal to response in Q.2(a).
• CMF Recipients are required to provide legally binding, third party,
written Commitments for the CMF Award amount to specific Projects. For
Lump Sum Payments and Initial Payments, Project Commitment must be
completed within three years from the Effective Date of the Assistance
Agreement.
• In certain circumstances where a Project Commitment with a third party
is not possible, the Award Recipient may be eligible to meet its Project
Commitment requirement pursuant to 12 CFR 1807.501(c).

Field Type

See
Appendix 2,
Tables A2,
B2, and C2.

Currency

• To the extent the Applicant is proposing a significant increase in activities
compared with its track record, be sure to describe why this increase is
reasonable and achievable.

c. Describe how the Applicant’s projections in Tables
A2, B2, and C2 (as applicable) are realistic and
achievable. Be sure to address the following factors:
• How the projections were developed.
• Any risks that may impact the Applicant’s ability to
achieve projections and steps to be taken to
mitigate those risks, including the role of CMF, if
any, in risk mitigation.
• To the extent the Applicant is projecting an
increased level of activities compared to its track
record, or expansion to new geographic areas,
describe why these projections are reasonable
and note any new or established partnerships that
will help the Applicant achieve these projections.

Question Tips

• If the Applicant’s projections rely on investments in Low-Income Housing
Tax Credit (LIHTC) projects that have not yet received credit allocations,
be sure to discuss the risk management strategy for this issue.
Narrative –
3,000
characters

• If Service Area geographies in the requested Service Area are new
markets for the Applicant (as indicated in Q.3), describe how it intends to
build a pipeline of projects in these new markets.

Narrative

• If the Applicant has established partnerships which will facilitate creating
a solid pipeline of projects, please discuss. If applicable, indicate whether
such partnerships will result in a greater number of units (how many) and
the extent to which such partnerships will allow the Applicant to serve
geographic areas it would not otherwise be able to reach.
• An Applicant will generally score more favorably to the extent it
demonstrates that its projected activities are achievable based on the
Applicant’s strategy and track record.

Question Text

d. Provide the requested data on the Applicant’s
proposed pipeline in Appendix 3.

e. For Rental Housing, describe how the Applicant will
build/manage a pipeline of potential CMF Projects.
Be sure to address:
• The factors you evaluated when selecting and
prioritizing potential CMF projects/borrowers.
• How any new or established partnerships with
borrowers, developers, or others will be utilized to
assist you in sourcing CMF borrowers.
• How you will determine the need for CMF
financing/support.

Response
Appendix 3

Question Tips
• See Appendix 3
• This question will only populate in the AMIS Application if you proposed
to undertake Rental Housing activities in Question 9(c).

Narrative –
5,000
characters

• An Applicant will generally score more favorably to the extent it has more
than one project in its pipeline that it plans to use a CMF Award to
finance/support and has some other financing sources secured,
committed, or awarded. Applicants with only one project in their CMF
pipeline, and no backup projects or backup pipeline, should discuss the
likelihood of their single CMF Project moving forward. In responding,
Applicants are advised to provide information on what is mitigating the
risks of the Project not moving forward (e.g., other sources of funding
that are fully secured, later phase of a multi-phase project, etc.) In this
circumstance, Applicants should also explain the contingency plan for
deploying CMF funds if the project does not proceed.
o

Field Type

See
Appendix 3

Narrative

Example: a Tribal Housing Authority Applicant that is seeking CMF
funding for a single project that already has Tribal approval and
LIHTC secured, and it is the sole housing construction project
currently being planned on the Tribal lands, reducing risk it would
not move forward.

• Describe how the Applicant will manage its pipeline to enable it to
achieve the Projections outlined in Appendix 2 and Appendix 3.
• If any projects in Appendix 3c are also in Appendix 3a, please explain why
a pipeline project for a prior CMF Award’s Application is being used as a
pipeline project for this Application.
• An Applicant will generally score more favorably to the extent it has a
credible pipeline of projects or can demonstrate clear demand for its
proposed financial products from borrowers/investees.

f. For Homeownership, describe how the Applicant
will build/manage a pipeline of potential CMF
projects/borrowers, addressing the following items:
• Estimated demand for the proposed CMF
product(s), supported by the appropriate data. For
example, discuss the number of potential

CDFI FUND | CMF Application Template

Narrative –
5,000
characters

• This question will only populate in the AMIS Application if you proposed
to undertake Homeownership activities in Question 9(c).
• If the Applicant serves a small market, describe the demand, the
Applicant’s competition, and the Applicant’s competitive advantage in
that market.

Narrative

Question Text

homebuyers who are pre-qualified; the number of
loan applications submitted; the waiting list, etc.
• Describe referral sources for potential
borrowers/purchasers and the factors considered
when selecting/prioritizing potential homebuyers.
• For Mortgage Finance/Down Payment Assistance:
Describe how many loans the Applicant plans to
support/originate per year and the estimated
demand for the proposed product(s).
• For Homeownership Development/Rehabilitation:
Describe the number of units in the pipeline, how
purchasers will be identified, the number of
purchasers pre-qualified or approved, and/or
other indicators of estimated demand.
g. For Economic Development Activities, describe
how the Applicant will build/manage a pipeline of
potential CMF projects. Be sure to address:
• The factors the Applicant will evaluate when
selecting and prioritizing potential CMF
projects/borrowers.
• How any new or established partnerships with
borrowers, developers, or others will be utilized to
assist the Applicant in sourcing CMF borrowers.
• How the Applicant will determine the need for
CMF financing/support.

CDFI FUND | CMF Application Template

Response

Question Tips

• If the Applicant is using CMF to launch a new product, be sure to indicate
how borrowers for that product will be identified and any indicators of
demand for the product.

Field Type

• Describe how a CMF Award will assist in attracting borrowers/purchasers.
• Describe how the Applicant will manage its pipeline to enable it to
achieve the projections outlined in Appendix 2 and Appendix 3.
• If any projects in Appendix 3c are also in Appendix 3a, please explain why
a pipeline project for a prior CMF Award’s Application is being used as a
pipeline project for this Application.
• An Applicant will generally score more favorably to the extent it has a
credible pipeline of projects or can demonstrate clear demand for its
proposed financial products from borrowers/investees.

Narrative –
3,000
characters

• This question will only populate in the AMIS Application if you proposed
to undertake Economic Development Activities in Question 9(c).
• Describe how the Applicant will manage its pipeline to enable it to
achieve the projections outlined in Appendix 2 and Appendix 3.

Narrative

Leveraging the CMF Award
The CMF authorizing statute requires that Recipients use the CMF Award to finance/support Projects with Eligible Project Costs totaling at least ten
times the CMF Award amount. The CDFI Fund refers to this as “leveraging” the CMF Award. Questions 14-17 ask the Applicant to detail its strategy for
leveraging the CMF Award. While the Application asks the Applicant to describe its leveraging approach in three different categories (i.e., (1)
Enterprise-Level, (2) Reinvestment, and (3) Project-Level), there is no preference for one category of leverage over another.
Question 14 – Overall Leverage Summary
In this question, please provide information on the overall plans for leveraging the CMF Award.
Question Text
Response
Question Tips
a. The Applicant’s CMF Award Request:
b.1. Enter the amount of the CMF Award
that will be used for Direct Administrative
Expenses:
Percentage of the Award for Direct
Administrative Expenses (%)

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$_________
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b.2. Enter the amount of the CMF Award
that will be used for Feasibility
Determination Expenses:

$_________

Percentage of the Award for Feasibility
Determination Expenses:

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c. What are the estimated total Eligible
Project Costs that will be
financed/supported with the CMF Award?
d. The Applicant’s projected Leverage
Multiplier:
e. How much does the Applicant
anticipate to generate in Leveraged
Capital with the CMF Award?

CDFI FUND | CMF Application Template

$_________

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This will auto-populate based on the response to Q.2(a).
This amount can be no more than 5% of the CMF Award requested in (a). The figure
entered here is an estimate. All CMF Award Recipients will be allowed to use up to 5%
of their Award for Direct Administrative expenses.
This amount can be no more than 5% of the CMF Award requested in Q.14(a). The
figure displayed here is a calculation based on your entries in Q.14(a) and Q.14(b.1).
This amount can be no more than 5% of the CMF Award requested in Q14(a). The
figure entered here is an estimate. All CMF Award Recipients may request to use up to
5% of their Award for Feasibility Determination Expenses. Eligible Feasibility Expenses
are delineated in the Application FAQs.
This amount can be no more than 5% of the CMF Award requested in Q.14(a). The
figure displayed here is a calculation based on your entries in Q.14(a) and Q.14(b.2).
Enter the estimated Eligible Project Costs (EPC) that will be financed/supported by the
CMF Award. Further guidance on what counts as Eligible Project Costs is available in
the Application FAQs. Note: 1) Eligible Project Costs for a Project will not exceed the
total development cost for that Project. 2) Do not include Direct Administrative
Expenses or Feasibility Determination Expenses in your Eligible Project Costs
calculation.
Projected Leverage Multiplier = Projected Eligible Project Costs ÷ CMF Award Amount
Requested. This must be at least 10x.
• Leveraged Capital means capital for Affordable Housing Activities and Economic
Development Activities that exceed the dollar amount of the CMF Award, as further
described in CFR 1807.500.

Field Type
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Question Text

Response

f. How much of Q.14(e) above will be
financed/supported by private sources?

$_________

g. How much of Q.14(e) above will be
financed/supported by public sources?

$_________

h. The Applicant’s overall Private
Leveraged Capital Multiplier:

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CDFI FUND | CMF Application Template

Question Tips

• Leveraged Capital is calculated by subtracting the CMF Award in Q.14 (a) from total
EPCs in Q.14(c).
• Q.14(f) + Q.14(g) must equal Q.14(e).
• Private sources of capital are investments or loans to the Applicant, or to Projects
financed and/or supported by the Applicant, received from private entities that are
not a unit of Federal, state, or local government. Examples include private first
mortgages for homeownership, private activity bonds, LIHTC equity, other equity
investments, lines of credit, loans, or other investments from private sources, such
as banks, private investors, or philanthropic entities that are made to the
Applicants or Projects.
• Q.14(f) + Q.14(g) must equal Q.14(e).
• Do not include the CMF Award in this figure.
• This multiplier is calculated by dividing Q.14(f) by the CMF Award request. If
selected for a CMF Award, the Recipient will be held to this multiplier in the
Assistance Agreement. However, if the projected multiplier is greater than 10, the
Recipient will be held to a multiplier of 10 in the Assistance Agreement.

Field Type

Currency

Currency
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Question 15– Enterprise-Level Leverage (if applicable)
The questions below focus on the Applicant’s plans to use its CMF Award to leverage “Enterprise-Level Capital.” “Enterprise-Level Capital” is capital
earned, borrowed, or raised by the Applicant or its Affiliates, but is not initially restricted for use for specific Projects at the time the capital is
earned, borrowed, or raised. Enterprise-Level Capital can include, but is not limited to, Program-Related Investments (PRIs), loans from third parties,
and the organization’s own contributed capital (equity or retained earnings).
Example: An Applicant requests a $2 million CMF Award which it intends to leverage 10 times to create a $20 million Affordable Housing Fund. The
Affordable Housing Fund will be comprised of the requested $2 million from the CMF Award and $18 million in leveraged funds. Of the $18 million,
$16 million is from private sources ($15 million in a new bank line of credit and $1 million from an existing foundation Program Related Investment
(PRI). The Affordable Housing Fund also includes $1 million in funds from the city (not restricted to a specific project), and the Applicant is
contributing $1 million of its own funds. The total Enterprise-Level Capital in this example is $18 million. $17 million is private Enterprise-Level Capital
(the $1 million in funds from the city is public money, this is backed out from the private Enterprise-Level Capital calculation, but still counts toward
the total Enterprise-Level Capital calculation).
Note: If the Applicant does not plan to leverage its CMF Award at the Enterprise-Level, it should enter zero ($0) in response to Q.15(a) and Q.15(b). The
Applicant only needs to respond to Q.15(d), Q.15(e), and Q.15(f) if Q.15(c) is greater than zero ($0). Questions 15(d) – 15(f) will not appear in AMIS if
Q.15(a) – Q.15(c) are all zero ($0).
Question Text
Response
Question Tips
Field Type
a. How much Enterprise-Level Capital will the
Applicant raise from private sources with the CMF
Award?
b. How much Enterprise-Level Capital will the
Applicant raise from public sources with the CMF
Award?
c. Total amount of Enterprise-Level Capital the
Applicant plans to leverage.

d. Describe the Applicant’s strategy to leverage the
CMF Award by using it to attract Enterprise-Level
Capital for the organization, especially private
capital.

CDFI FUND | CMF Application Template

$________

• Only private sources of Enterprise-Level Capital should be entered here.
• Any capital designated by the capital provider for a specific, identified project
cannot be included here.

Currency

$________

Any capital designated by the capital provider for a specific, identified project
cannot be included here. Do not include the CMF Award request in this field.

Currency

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Narrative –
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characters

• Calculated by adding Q.15(a) +15(b).
• Must be less than or equal to Q.14(e).
• AMIS Note: If Q.15(c) equals $0, Q.15(d), Q.15(e), and Q.15(f) will not populate
as these questions will not be applicable.
• Identify Enterprise-Level Capital sources and indicate whether they will be
used to support early stage or permanent financing.
• Make sure to specifically and separately discuss the strategy for attracting
Enterprise-Level Capital from private sources as well as public sources, as
applicable.

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Narrative

Question Text

e. Discuss the Applicant’s prior relevant experience
raising and deploying private and public Enterprise
funds from the sources being targeted for
Enterprise-Level Capital (or similar sources).

CDFI FUND | CMF Application Template

Response

Narrative –
3,500
characters

Question Tips

• Be sure to discuss any risks of not achieving the projected private EnterpriseLevel Capital as outlined in Q.15(a) and identify approaches to mitigate these
risks.
• Existing capital sources may be tapped as leverage for the CMF Award.
• In this narrative, reference the information in Appendices 3 and 4 as
appropriate.
• For sources of capital not yet secured, describe the Applicant’s strategy to
attract investors.
• Be specific about how the CMF Award will enable the Applicant to attract
Enterprise-Level Capital for Affordable Housing and related Economic
Development Activities.
• If the Applicant has secured sources of Enterprise-Level Capital to leverage
with the CMF Award, those sources should be included in Appendix 4.
• AMIS Note: If Q.15(c) equals $0, Q.15(d), Q.15(e), and Q.15(f) will not populate
as these questions will not be applicable.
• Make sure to specifically and separately discuss the Applicant’s track record of
raising and deploying Enterprise-Level Capital from private sources as well as
public sources, as applicable.

Field Type

Narrative

Question 16 – Reinvestment (if applicable)
The questions below focus on the Applicant’s plans to redeploy repaid capital during the five-year Investment Period (i.e., redeployment of CMF
Award and Enterprise-Level Capital). If the Applicant does not anticipate redeploying CMF Award dollars or Enterprise-Level Capital, the amount
entered in 16(a), 16(b), and 16(c) should be zero ($0). Program Income in the form of principal and equity repayments of the CMF Award earned
during the Investment Period must be reinvested by the Recipient. The required conditions for that reinvestment of Program Income will be specified
in the Assistance Agreement and depends on whether the Applicant intends to leverage the CMF Award through reinvestment, as indicated in their
response to Q.16.
Note: The Applicant only needs to respond to Q.16(d), Q.16(e), and Q.16(f) if Q.16(a), Q.16(b), or Q.16(c) are greater than zero ($0). Q.16(d) – Q.16(f)
will not appear in AMIS if Q.16(a) – Q.16(c) are all zero ($0).
Question Text
Response
Question Tips
Field Type
a. How much of the repaid CMF Award (i.e., Program
Income) will be reinvested into additional Projects
completed during the five-year Investment Period?

$_________

b. How much of the repaid Enterprise-Level Capital
from private sources will be reinvested into additional
Projects completed during the five-year Investment
Period?

$_________

c. How much of the repaid Enterprise-Level Capital
from public sources will be reinvested into additional
Projects completed during the five-year Investment
Period?

$_________

d. Based on the responses to Q.16(a), Q.16(b), and
Q.16(c), please specify how much the Applicant plans
to reinvest every year during the five-year Investment
Period.

Yr. 1: $_____
Yr. 2: $_____
Yr. 3: $_____
Yr. 4: $_____
Yr. 5: $_____

e. If the response to Q.16(a), Q.16(b), or Q.16(c) was
greater than $0, describe the Applicant’s strategy for
reinvesting the CMF Award and any Enterprise-Level
Capital. In particular, discuss:

Narrative –
3,500
characters

CDFI FUND | CMF Application Template

• Only include reinvestment in Projects that will be completed within the
five-year Investment Period.
• Enter “0” if the Applicant is not planning to reinvest the CMF Award
during the five-year Investment Period.
• Only include reinvestment in Projects that will be completed within the
five-year Investment Period.
• Enter “0” if the Applicant is not planning to reinvest any private
Enterprise-Level Capital.
• Only include reinvestment in Projects that will be completed within the
five-year Investment Period.
• Enter “0” if the Applicant is not planning to reinvest public EnterpriseLevel Capital.
• Do not include repayment of CMF Award in this question as it should be
included in 16(a).
• AMIS Note: Questions Q.16(d) – Q.16(f) will not appear in AMIS if
Q.16(a) – Q.16(c) are all $0.
• The sum of reinvestment in Years 1-5 (Investment Period) must equal
Q.16(a) + Q.16(b) + Q.16(c). Only include reinvestment in Projects
which will be completed within the five-year Investment Period.
• AMIS Note: Questions Q.16(d) – Q.16(f) will not appear in AMIS if
Q.16(a) – Q.16(c) are all $0.
• Identify reinvestment sources and indicate whether they will be used
to support early stage or permanent financing.

Currency

Narrative

Question Text

• How much capital the Applicant anticipates will be
repaid during the five-year Investment Period, how
much additional leverage will be generated, and
how it developed the schedule for reinvestment in
Q.16(d);
• The plan for mitigating risks of repayment not
occurring based on the anticipated schedule;
• The plan to identify eligible projects to reinvest the
CMF Award and ensure the Projects will be
completed within the five-year Investment Period.
f. If the response to Q.16(a), Q.16(b), or Q.16(c) was
greater than $0, discuss the Applicant’s track record of
managing the repayment and reinvesting of capital,
particularly private capital.

CDFI FUND | CMF Application Template

Response

•
•

•

Narrative –
3,500
characters

•

Question Tips

If the Applicant needs to reinvest the CMF Award to reach the 10:1
leverage multiplier, be sure to indicate that in this narrative.
Be sure to specifically discuss the strategy for reinvesting private capital
into additional projects, alongside reinvestment of the CMF Award and
other public capital.
If funds will be reinvested in additional Projects, describe strategy to
ensure all funded Projects reach Project Completion by the end of the
Investment Period (i.e., five years from the Effective Date of the
Assistance Agreement).
AMIS Note: Questions Q.16(d) – Q.16(f) will not appear in AMIS if
Q.16(a) – Q.16(c) are all $0.

Field Type

Narrative

Question 17 – Project-Level Leverage (if applicable)
Project-Level Leverage is the difference between the total Eligible Project Costs of the Project and the amount of financing or capital provided to
the Project by the Applicant. Project-Level Leverage is capital that is restricted to a specific Project when it is raised. Project-Level Leverage can,
among other things, include mortgages secured by the property, funds from the sale of bonds, equity investment raised through LIHTC, deferred
developer fees, and loans and grants from local and state government made directly to a specific Project. Project-Level Leverage does not include
Enterprise-Level Capital or Reinvestments. Here are two examples:
•

•

Example 1: The Applicant is using a CMF Award to support a multi-family rental Project with total Eligible Project Costs of $2.5 million. In total,
the Applicant will be providing $500,000 in financing from their own funds (Enterprise-Level) and $500,000 from its CMF Award to the Project. $1
million will be funded by a private lender mortgage and the city has awarded $500,000 for that specific Project. The amount of Project-Level
Leverage in this example is $1.5 million, with $1 million from private sources and $500,000 from public sources.
Example 2: The Applicant is using a CMF Award to seed an Affordable Housing Fund that will provide soft second mortgages to Low-Income
Families. This fund provides a second mortgage of $10,000 ($5,000 of its own funds and $5,000 in CMF) to a homebuyer to help finance a home
purchase of $100,000. The balance of $90,000 is funded by a private mortgage. The amount of Project-Level Leverage is $90,000.

Note: The Applicant only needs to respond to Q.17(d) and Q.17(e) if Q.17(c) is greater than zero ($0). Q.17(d) – Q.17(e) will not appear in AMIS if
Q.17(c) is zero ($0).
Question Text
Response
Question Tips
Field Type
a. How much capital does the Applicant anticipate
leveraging at the Project-Level from private sources?

$________

b. How much capital does the Applicant anticipate
leveraging at the Project-Level from public sources?

$________

c. Total amount of Project-Level Leverage

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Examples may be a mortgage secured by the property or equity
investment raised through LIHTC.
Examples may be Federal financial assistance or grants or loans from
local, state, or Federal government. Do not include the CMF Award
amount for this question.

This field will be auto-calculated. It is the sum of Q.17(a) and Q.17(b).
•

d. Describe the Applicant’s approach to leveraging at the
Project-Level, specifically discussing private and public
sources of leverage, as applicable. If the Applicant plans to
fund Projects that have not secured all the necessary
sources of financing, be sure to discuss the strategy for
managing the risk in case these other sources will not be
available.

CDFI FUND | CMF Application Template

Narrative –
3,500
characters

•
•

•

AMIS Note: Q.17(d) and Q.17(e) will not appear in AMIS if Q.17(c)
is $0.
Identify Project-Level sources and indicate whether they will be
used to support early stage or permanent financing.
As part of this narrative, be sure to separately identify likely
sources of private and public Project-Level Leverage (e.g., bank
loan, LIHTC equity, etc.) in Appendix 3.
Discuss the strategy for attracting Project-Level Capital, especially
from private sources.

Currency
Currency
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Narrative

Question Text

Response

•

•
•

•

•
e. Discuss the Applicant’s track record in the last five fiscal
years of securing Project-Level Leverage from private and
public sources, as applicable.

Narrative –
3,500
characters

•

Question Tips

Be sure to discuss any risks of not achieving the expected private
Project-Level Capital outlined in Q.17(a) and identify approaches
to mitigate these risks.
For sources of Project-Level capital not yet secured or not yet
identified, describe the strategy to identify and generate such
investment.
If the Applicant is relying on competitive sources of financing
(e.g., LIHTC) to provide a portion of the Project-Level leverage, be
sure to discuss how the Applicant plans to mitigate any risk
associated with the possibility of not receiving the anticipated
funds.
If the Applicant has secured sources of Project-Level Leverage to
leverage with the CMF Award, those sources should be included
in Appendix 4.
AMIS Note: Q.17(d) and Q.17(e) will not appear in AMIS if Q.17(c)
is $0.
Be sure to separately quantify the amount of Project-Level
leverage raised in past projects/activities from private sources
and public sources.
Discussion should be thorough, descriptive, and provide
quantitative as well as qualitative information.

Field Type

Narrative

Adaptability
Question 18 – Adaptability
Question Text

Discuss the adaptability of the Applicant’s business and
leveraging strategy to changing market conditions,
including loss of anticipated pipeline projects, changes to
interest rates, availability, and/or cost of capital.

CDFI FUND | CMF Application Template

Response
Narrative –
2,000
characters

Question Tips
Discuss the Applicant’s track record in adjusting its strategy and/or
pipeline due to changing market conditions, availability, or cost of
capital or other external pressures.

Field Type
Narrative

Part 2: Community Impact
Potential Outcomes and Impacts
Question 19 – Housing and Economic Development Impacts
Question Text

Response

a. Housing Impacts: The CMF Program has identified six (6) housing impacts that are
priorities for the CMF Program. Select at least one impact (and no more than three) that
will result from the Affordable Housing strategy proposed in this Application. For each
housing impact selected, also select the metrics that the Applicant plans to track/monitor
as the impact is being achieved.
1. Improved financial stability and wealth building for Low-Income Families.
Individuals and Families that have become first-time homeowners.
Tenants that are experiencing increased stability as evidenced by lower or
reduced turnover.
Families that are building wealth as a result of the savings generated in more
affordable monthly housing costs and/or increased home equity.
Families that are participating in Family Self-Sufficiency (FSS), Individual
Development Account (IDA), or other similar programs.
Families that are benefiting from low energy costs as a result of energy-efficient
systems and improvements.
Other (please specify below) _____________________
2. Improved health outcomes for Low-Income individuals and Families, particularly
seniors, children, formerly homeless populations, persons with disabilities, or people with
other health challenges.
Homes and buildings that have been rehabilitated to improve health conditions.
Examples include improved ventilation; removal of lead paint or pipes; radon
mitigation; improved accessibility; improved plumbing and heating; and removal
of asbestos or mold, etc.
New homes and buildings that have been developed with healthy features.
Examples include universal design features; use of low emission materials;

CDFI FUND | CMF Application Template

Question Tips

Field Type

• Applicants need to select at least one (1)
•

•

Picklist/
Checkmark

•

impact for this question and can select
up to three (3) total.
Applicants won’t receive a scoring
advantage for selecting more than one
impact and should only discuss the
one(s) that best fit their strategy.
This question is asking what impact(s)
the Applicant expects to achieve as a
result of the housing strategy presented
in the CMF Application.
For each impact selected, the Applicant
should select one or more metrics listed
which the Applicant intends to track
related to this impact. Applicants won’t
receive a scoring advantage for selecting
more than one metric.
Note: If “Other” is selected as a metric
for any of the CMF Impacts, complete
the text box at the bottom of the page,
and reference the specific CMF
Impact(s) (#1-6) and describe the
specific Applicant-defined metric. If
there are no “Other” metrics selected in
any of the CMF Impacts (#1-6), please
enter “NA” in the textbox at the bottom
of the page.

Picklist/
Checkmark

Question Text

walkability; community gardens; and proximity to healthy food choices, parks,
and recreation.
Individuals and Families with increased proximity and access to health services.
Examples include access to community health centers or dental clinics.
Individuals and Families that are benefiting from service-enriched housing.
Examples include housing with onsite services or coordinated access to remote
services.
Other (please specify below) _____________________

Response

Question Tips

Field Type

3. Increased opportunities for Low-Income residents to avoid dislocation and remain in
their affordable homes and/or neighborhoods.
Number of unrestricted units or units with expiring affordability restrictions that
have been preserved for 10 years or more (deed-restricted).
Low-Income homeowners and renters that have been able to remain in their
homes.
Other (please specify below) _____________________
4. Improved access to educational opportunities or transportation for Low-Income
Families.
Affordable housing that has been acquired or developed in transit-oriented
developments or in walkable neighborhoods.
Affordable housing that has been acquired or developed in neighborhoods with
quality local schools.
Other (please specify below) _____________________
5. Assisted in the long-term recovery and rebuilding of affordable housing in federally
designated disaster areas through disaster-prevention or disaster-resistant design.
Affordable housing that has been built/rebuilt or rehabilitated in federallydesignated disaster areas within the last five fiscal years.
Affordable housing that has been developed with disaster-prevention or
disaster-resistant design.
Other (please specify below) _____________________

CDFI FUND | CMF Application Template

Question Text

6. Increase homeownership rate for populations with lower rates of homeownership (e.g.,
minorities, young adults, etc.)
Number of first-time homeowners.
Other (please specify below) _____________________

Response

Question Tips

Field Type

*Note: If you selected “Other” as a metric to track/monitor in one or more of the above
listed CMF housing impact areas, please describe the corresponding measure(s) below
this text in AMIS. In your response, be sure to include:
Specific reference to which one of the six (6) above CMF housing impacts is
associated with the Applicant-defined metric; and
Specify the metric, ensuring it is measurable and quantifiable, which will be
evaluated as part of your Application.
If there are more than one “Other” metric(s) selected above, ensure you provide
a specific reference for each CMF housing impact, and specify the measurable
and quantifiable metric you will use for tracking and monitoring the impact.
b.i. For each housing impact selected, select the metrics you will track associated with this
impact.

Picklist

• Applicants must select at least one
metric to track for each impact selected.

Picklist

b.ii. Describe how the proposed CMF strategy in this Application will contribute to the
selected impact.

Narrative –
2,000
characters

• Applicants will be able to provide a
separate 2,000 character narrative for
each impact selected.
• This question is asking how and why the
Applicant’s strategy will contribute to
the selected impact.

Narrative

b.iii. Discuss the plan for tracking the impact metric(s) identified above.

Narrative –
2,000
characters

CDFI FUND | CMF Application Template

• Applicants will be able to provide a
separate 2,000 character narrative for
each impact selected.
• This question is specifically asking the
Applicant’s plans to measure and track
the impact metric(s).

Question Text

b.iv. Describe the outcome(s) associated with the impact(s) the Applicant has achieved
with completed projects.

Response

Narrative –
2,000
characters

Question Tips

• Describe the approach or process of
how the metrics will be collected and
evaluated.
• If the Applicant is already tracking a
selected metric related to its track
record Projects, it may choose to discuss
these methods in relation to how it
plans to track the impact metric(s)
identified above.
• Describe if the Applicant has dedicated
staff or a partnership for measuring the
impact and/or if the Applicant conducts
surveys or interviews to determine
impact.
The previous question, 19.b.iii, asks about
the Applicant’s plan to track impact
metrics for this CMF Award. Some
Applicants may already be engaging in
outcomes and impact tracking (for
example, through quantitative data
collection or more qualitative measures
such as compiling narrative case studies).
This question, 19.b.iv, provides the
opportunity for Applicants to share
outcomes for completed Affordable
Housing activities. Additional tips:

Field Type

Narrative

• Applicants will be able to provide a
separate 2,000 character narrative for
each impact selected.
• This question is asking about the impact
the Applicant has already achieved
through its Affordable Housing activities.
• For each housing impact selected,
describe the impact the Applicant has

CDFI FUND | CMF Application Template

Question Text

Response

c. If the Applicant intends to finance/support Economic Development Activities (EDA),
select the resulting impact(s) below. The EDA impact options are:
1. Increased access to goods or services for Low-Income Families especially community
and educational services.
Low-Income individuals and Families that have benefited from commercial EDA
projects financed/supported with a CMF Award. Examples include grocery stores,
educational facilities or other EDA undertaken by the Applicant using a CMF
Award.
The increase in the number of goods and services available to Low-Income
residents.
Low-Income residents/students who are benefiting from CMF-supported
community and educational facilities.
Other (please specify below) _____________________

CDFI FUND | CMF Application Template

Picklist/
Checkmark

Question Tips

achieved by providing data on outputs
and outcomes and/or outcome
narrative for completed Projects.
• If the Applicant has used a CMF Award
to finance completed Projects, please
provide outcome data and/or narrative
on the CMF Projects if available.
Outcome data and/or narrative can also
be provided for projects that were not
funded with a prior CMF Award.
• The outcomes may be described as
cumulative data, in narrative case
studies, or a combination of both.
• If an Applicant does not currently have
outcome data or narratives on
completed projects, it may discuss
instead the challenges it has faced in
collecting or compiling this type of
information.

• AMIS Note: This question will only
appear in the AMIS if the Applicant
indicates in 9(b) that it plans to use a
portion of its Award for Economic
Development Activities. Applicants will
not receive a scoring advantage for
selecting more than one impact and
should only discuss the one(s) that best
fit their strategy.
• This question is asking about what
impact(s) the Applicant expects to
achieve as a result of the Economic
Development strategy presented in the
CMF Application.

Field Type

Picklist/
Checkmark

Question Text

Increased economic opportunity for Low-Income Families, especially those in Areas
of Economic Distress (AED) and considered the most vulnerable.

Response

• For each impact selected, the Applicant

Field Type

should select one or more metric listed
which the Applicant intends to track
related to this impact. Applicants won’t
receive a scoring advantage for selecting
more than one metric.
• Note: If “Other” is selected as a metric
for any of the CMF Impacts, complete
the text box at the bottom of the page,
and reference the specific CMF
Impact(s) (#1-2) and describe the
specific Applicant-defined metric. If
there are no “Other” metrics selected in
any of the CMF Impacts (#1-2), please
enter “NA” in the textbox at the bottom
of the page.

Jobs that have been created as a result of CMF-supported Economic
Development Activities.
Other (please specify below) _____________________
*Note: If you selected “Other” as a metric to track/monitor in one or more of the above
listed EDA impact areas, please describe the corresponding measure(s) below this text in
AMIS. In your response, be sure to include:
Specific reference to which one of the two (2) above EDA impacts is associated
with the Applicant-defined metric; and
Specify the metric, ensuring it is measurable and quantifiable, which will be
evaluated as part of your Application.
If there are more than one “Other” metric(s) selected above, ensure you provide
a specific reference for each CMF housing impact, and specify the measurable
and quantifiable metric you will use for tracking and monitoring the impact.
d.i. For each Economic Development impact selected, select the metrics you will track
associated with this impact.

Question Tips

Picklist

• Applicants must select at least one
metric to track for each impact selected.

Picklist

d.ii. Describe how the proposed CMF strategy in this Application will contribute to the
selected impact.

Narrative –
2,000
characters

Narrative

d.iii. Discuss the plan for tracking the impact metric(s) identified above.

Narrative –
2,000
characters

CDFI FUND | CMF Application Template

• Applicants will be able to provide a
separate 2,000 character narrative for
each impact selected.

Narrative

Question Text

d.iv. Describe the outcome(s) associated with the impact(s) the Applicant has achieved
with completed projects.

Response

Narrative –
2,000
characters

Question Tips

• This question is specifically asking the
Applicant’s plans to measure and track
the impact metric(s).
• Describe the approach or process of
how the metrics will be collected and
evaluated.
• If the Applicant is already tracking a
selected metric related to its track
record Projects, it may choose to discuss
these methods in relation to how it
plans to track the impact metric(s)
identified above.
• Describe if the Applicant has dedicated
staff or a partnership for measuring the
impact and/or if the Application
conducts surveys or interviews to
determine impact.
The previous question, 19.d.iii, asks about
the Applicant’s plan to track EDA impact
metrics for this CMF Award. Some
Applicants may already be engaging in
outcomes and impact tracking (for
example, through quantitative data
collection or more qualitative measures
such as compiling narrative case studies).
This question, 19.d.iv, provides the
opportunity for Applicants to share
outcomes for completed Economic
Development Activities. Additional tips:

Field Type

Narrative

• Applicants will be able to provide a
separate 2,000 character narrative for
each impact selected.

CDFI FUND | CMF Application Template

Question Text

e. Will the Applicant commit that it will use its CMF Award to finance/support Economic
Development Activities located only in Low-Income Areas or Rural Areas?

CDFI FUND | CMF Application Template

Response

Picklist

Question Tips

• This question is asking about the impact
the Applicant has achieved through its
Economic Development Activities.
• For each Economic Development impact
selected, describe the impact the
Applicant has achieved by providing
data on outputs and outcomes and/or
outcome narrative for completed
Projects.
• If the Applicant has used a CMF Award
to finance completed Projects, please
provide outcome data and/or narrative
on the CMF Projects if available.
Outcome data and/or narrative can also
be provided for projects were not
funded with a prior CMF Award.
• The outcomes may be described as
cumulative data, in narrative case
studies, or a combination of both.
• If an Applicant does not currently have
outcome data or narratives on
completed EDA projects, it may discuss
instead the challenges it has faced in
collecting or compiling this type of
information.
• AMIS Note: This question will only
appear in the AMIS if the Applicant
indicates Q.9(b) that it plans to use a
portion of its Award for Economic
Development Activities.
• If the Applicant proposes to
finance/support Economic Development
Activities, it must select “Yes” and the
EDA must be located in a Low-Income or

Field Type

Picklist

Question Text

f. Does the Applicant plan to use any portion of the CMF Award to serve Indian Tribes?

CDFI FUND | CMF Application Template

Response

Picklist
(Yes/No)

Question Tips

Rural Area as a condition of its
Assistance Agreement.
• Low-Income Areas and Rural Areas are
defined in 12 CFR 1807.104 and further
described in the Application FAQ.
• If the Applicant plans to use any portion
of the CMF Award to serve Indian
Tribes, select “Yes.”
• If serving Indian Tribes is not a part of
the Applicants CMF strategy, select
“No.”
• This question is solely for informational
purposes on populations being served
by CMF. This information is not used in
any evaluation processes.

Field Type

Picklist

Geographic and Income Targeting
The CMF authorizing statute indicates that the CMF Program should target affordable housing that revitalizes Areas of Economic Distress or targets Low- and Very
Low-Income Families outside of Areas of Economic Distress. In terms of income targeting, the CMF Program prioritizes Applicants targeting Low-Income Families (80%
AMI or below) for Homeownership and Very Low-Income Families (60% AMI or below) for Rental Housing. Given this different level of targeting and the differences
between Homeownership and Rental, the Geographic and Income Targeting section has different questions for Rental and Homeownership.

Rental–Housing - Geographic and Income Targeting
For rental Housing, Applicants will be asked to separately discuss their income targeting plans and the extent to which they intend to use the Award to target High
Opportunity Areas and Areas of Economic Distress.
AMIS Note: These questions will only appear in the AMIS Application if the Applicant indicated in Q.9(b) that it plans to undertake Rental Housing.

Question 20 – Rental Housing: Areas of Economic Distress and High Opportunity Areas
Question Text
Response
Question Tips

a. What is the percentage of the
Applicant’s total rental CMF Units that
will be located in Areas of Economic
Distress (AED)?

______%

• Areas of Economic Distress (AED) are census tracts that meet specific criteria outlined in
the Notice of Funds Availability (NOFA), based on statistics such as poverty, households’
percentage of income spent on housing, housing vacancy rates, etc. The CDFI Fund
publishes the data on which census tracts are designated as AED for the current funding
round as an Excel file on its website as part of the CMF Application Resources. AED data is
also available through the CDFI Fund’s CDFI Information Mapping System (CIMS) tool.
• The Applicant will also project the percentage of units that will be located in Areas of
Economic Distress–in Appendix 2 - Table B2. The percentage entered in this question
should align with the number entered in Table B2.

Field Type

Percentage

• If awarded, the total percentage for AED and/or HOA calculated in Q.20(c) will be used to

develop the PG&M in the Recipient’s Assistance Agreement.

b.i. Excluding the units that will be
located in an Area of Economic Distress
(Q.20.a.), what is the percentage of the
Applicant’s total rental CMF Units that
will be located in areas fitting the
definition of Standard High Opportunity
Areas (HOA), as designated by Federal
Housing Finance Agency?

CDFI FUND | CMF Application Template

______%

• The CMF Program definition of Standard High Opportunity Areas is defined pursuant to the
criteria used by the Federal Housing Finance Agency (FHFA) to designate High Opportunity
Areas: (a) An area designated by the Department of Housing and Urban Development
(HUD) as a “Difficult Development Area” during any year covered by an Enterprise’s
Underserved Markets Plan (Plan) or in the year prior to a Plan’s effective date, whose
poverty rate falls below 10% (for Metropolitan areas) or below 15% (for Non-Metropolitan
areas); or b) an area designated by a state or local Qualified Allocation Plan (QAP) as a high
opportunity area whose poverty rate falls below 10% (for Metropolitan areas) or 15% (for

Percentage

Question Text

Response

Question Tips

Non-Metropolitan areas). The most current data set is from 2023 and is available here:
Duty to Serve Eligibility Data | Federal Housing Finance Agency (fhfa.gov).

Field Type

• If awarded, the total percentage calculated in Q.20(c) will be used to develop the PG&M
in the Recipient’s Assistance Agreement.
• The CMF Program will accept an expanded definition of High Opportunity Area for areas
that do not meet the Federal Housing Finance Agency definition, but instead meet a set of
Expanded CMF HOA Criteria demonstrating the designated area(s) provide access to a
combination of at least three of the following four criteria:
(1) high-quality youth (K-12) education opportunities;
(2) employment opportunities;
(3) transportation opportunities; and/or
(4) financial service opportunities.

b.ii. Excluding the units included in Q.
20.a. and Q.20.b.i above, what is the
percentage of the Applicant’s total
rental CMF Units that will be located in
areas fitting the definition of the
Expanded CMF HOA Criteria?

______%

• For a Project to qualify as being in a High Opportunity Area under the Expanded CMF HOA
Criteria definition, the location of the Project must meet at least three of the four
Expanded CMF HOA Criteria and cannot be located in a Food Desert as identified by the
U.S. Department of Agriculture (USDA) as of the publication date of this NOFA in the
Federal Register (https://www.ers.usda.gov/data/fooddesert). Please note the USDA Food
Desert data utilizes the 2010 Census Tract Data. All other CDFI Fund provided geographic
data sets use the 2020 Census Tract Data.

Percentage

• CMF HOA Criteria Definitions:
(1) Access to High-Quality Youth (K-12) Education: To meet the high-quality youth (K-12)
education criterion, the rental CMF Units must be: (i) located in an area served by a school
that, in any of the three years prior to the date of this NOFA, has been either recognized by
the U.S. Department of Education as a National Blue Ribbon School, or has received the
highest rating available from its State’s education agency; and (ii) available to Families living
in rental CMF Units.
(2) Access to Employment: To meet the access to employment criterion, the rental CMF
Units must be located within a one-mile radius of one of the 25 largest employers in the
applicable county. The largest employers in the county are measured by the number of
employees at the location(s) in the applicable county.

CDFI FUND | CMF Application Template

Question Text

Response

Question Tips

Field Type

(3) Access to Transportation: To meet the access to transportation criterion, the rental
CMF Units must be within ¼ mile of a multi-modal transit station(s) (includes at least two
forms of public transit such as metro, light rail, bus, ferry, or trolley) if located in a
Metropolitan Area. The rental CMF Units must be located within two miles of “Fixed-route
Public Transportation” if located in a rural (“Non-Metropolitan”) area. “Fixed-route Public
Transportation” means year-round, regularly scheduled public transportation that operates
at least 5 days per week and provides regular service throughout the day.
(4) Access to Financial Services: To meet the access to financial services criterion, the
rental CMF Units must be in a census tract with a bank or credit union branch presence
(i.e., not simply a standalone ATM).
• If awarded, the total percentage calculated in Q.20(c) will be used to develop the PG&M
in the Recipient’s Assistance Agreement.

c. In total, what percentage of total
rental CMF Units will be located in
either an Area of Economic Distress or
High Opportunity Areas, calculated as:
Q.20(a)+Q.20(b.i)+ Q.20(b.ii)?

CDFI FUND | CMF Application Template

AutoCalculated

• If applicable, an Applicant will generally be scored more favorably to the extent it commits
to produce a greater portion of total Rental units that are located in Areas of Economic
Distress and/or High Opportunity Areas.
• Q.20(a), Q.20(b.i), and Q.20(b.ii) are mutually exclusive - do not double count CMF Units.
o First, count the units in an AED in Q.20(a).
o For units not in an AED, count the units in Q.20(b.i) first. If a unit is located in an area
that meets both the Standard HOA definition and the Expanded HOA definition, it
should only be counted once under the Standard definition.
o If they do not count in Q.20(b.i), they may still be able to count in Q.20(b.ii) provided
they meet the “Expanded CMF HOA Criteria” as defined in the CMF Program NOFA.
• The auto-calculated percentage in this question, Q.20(c), will be the sum of Q.20(a),
Q.20(b.i), and Q.20(b.ii). If awarded, the total percentage for AED and/or HOA as
calculated in Q.20(c) will be used to develop the PG&M in the Recipient’s Assistance
Agreement.
• In general, the Applicant will receive the highest score if it commits that at least 85% of the
total rental CMF Units will be located in either an Area of Economic Distress or High
Opportunity Areas and demonstrates that this percentage is achievable based on the
Applicant’s strategy and track record. The score will be reduced proportionally based on
lower percentages.

AutoCalculated

Question Text

d. Describe how you will achieve the
percentage listed in (c) if selected for a
CMF Award. Specifically discuss:
• Your strategy and experience
financing/producing Affordable
Housing in AEDs, as applicable, and
how your proposed activities will
contribute to economic
stabilization/revitalization in these
areas.
• Your strategy and experience
financing/producing Affordable
Housing in HOAs, as applicable, and
how your proposed activities provide
opportunities for Low- and Very LowIncome Families in these areas.
• Whether the CMF Award will enable
the Applicant to reach geographies
that would otherwise not be possible
without a CMF Award.
• If using the expanded CMF HOA
Criteria set forth in Q.20(b.ii),
describe how the proposed
percentage of units meet the
criteria.

Response

Question Tips

Field Type

• Areas of Economic Distress are defined in Q.20(a).
• High Opportunity Areas are defined in Q.20(b.i) and Q.20(b.ii).
• Reference the data in Appendix 2, as appropriate.

Narrative –
3,000
characters

• If there is a particular category of distress the Applicant plans to target (e.g., areas with
high poverty or areas with high vacancy), please state that in this narrative.
• If using the Expanded CMF HOA Criteria, describe how the proposed percentage of units
meets the criteria.
• Recipients qualifying an area under the Expanded CMF HOA definition must document that
such areas meet the Expanded CMF HOA criteria at the time funds are committed to the
Project. Documentation must be maintained in Recipient files to show how the Project
location met the Expanded CMF HOA criteria at the time the funds were committed (i.e.,
showing location met at least three of the four criteria, and was not located in a Food
Desert at the time of Commitment). This documentation is subject to review and/or audit
by the CDFI Fund.

Narrative

Question 21 – Rental Housing Income Targeting
Question Text

a. If the Applicant is proposing to finance/produce
rental CMF Units, indicate the minimum
percentage of the total number of rental CMF Units
that the Applicant will commit to

CDFI FUND | CMF Application Template

Response
______%

Question Tips
• Please refer to the definitions for Affordable Housing Activities and
Affordable Housing laid out in section 1807.104 of the CMF Interim Rule
(12 CFR Part 1807).

Field Type
Percentage

Question 21 – Rental Housing Income Targeting
Question Text

financing/producing for Very Low-Income Families
(60% of the area median income or below).

b. Describe how you will be able to achieve the
percentage listed in 21.a. based on your
Application strategy and track record of
financing/producing housing for Very Low-Income
Families. Be sure to also discuss and quantify:
• Whether the CMF Award will enable the
Applicant to finance/produce more rental CMF
Units than otherwise would not be possible; or
• Whether the CMF Award will enable the
Applicant to target lower income groups than
otherwise would not be possible without a
CMF Award.
c. What percentage of the total number of rental
CMF Units financed/produced by the Applicant will
be committed to 50% AMI and below?

Response

Narrative –
3,000
characters

______%

Question Tips

• For rental housing, the CMF Program is targeting the financing and
production of housing at 60% AMI or below.
• Note that greater than 50% of the total Eligible Project Costs (CMF Award
plus Leveraged Capital) must be attributable to housing units that meet
the CMF affordability qualifications for Low-Income, Very Low-Income, or
Extremely Low-Income Families.
• In the evaluation of this element, the Applicant will receive the highest
score if it commits that 45% or more of the total rental CMF Units will be
set aside for Very Low-Income Families and demonstrates that this
percentage is achievable based on the Applicant’s strategy and track
record. The score will be reduced proportionally based on lower
percentages.
• If awarded, the data provided in response to this question will be used to
develop the PG&M in the Recipient's Assistance Agreement.

• Be sure to quantify how a CMF Award will allow the Applicant to increase
its level of housing finance/production and/or pursue targeting units for
Families with lower incomes than would otherwise be possible.
• Reference the data in Tables A2, B2, and C2, as appropriate.

• An Applicant will generally score more favorably if its strategy involves
deeper income targeting.

Field Type

Narrative

Percentage

Homeownership – Geographic and Income Targeting
AMIS Note: These questions will only appear in the AMIS Application if the Applicant indicates in Q.9(b) that it plans to undertake Homeownership with the Award.

CDFI FUND | CMF Application Template

Question 22 – Geographic and Income Targeting for Homeownership
Question Text

a. What percentage of Homeownership CMF Units will
be targeted to Families with incomes above 80% and no
greater than 120% of Area Median Income located in
Areas of Economic Distress (AED)?

Response

Question Tips

Field Type

• Areas of Economic Distress (AED) are census tracts that meet specific
criteria outlined in the Notice of Funds Availability (NOFA), based on
statistics such as poverty, households’ percentage of income spent on
housing, housing vacancy rates, etc. The CDFI Fund publishes the data on
which census tracts are designated as AED for the current funding round
as an Excel file on its website as part of the CMF Application Resources.
AED data is also available through the CDFI Fund’s CDFI Information
Mapping System (CIMS) tool.
______%

• The Applicant will also project the number of Homeownership CMF Units
that will be located in Areas of Economic Distress in Appendix 2 - Table B2.
The numbers entered in Table B2 should align with the percentage
entered.

Percentage

• This percentage should only include units targeted to Eligible-Income
Families with incomes above 80% and no greater than 120% AMI located
in Areas of Economic Distress.
• If awarded, the total percentage calculated in Q.22(c) will be used to
develop the PG&M in the Recipient’s Assistance Agreement.

b. What percentage of Homeownership CMF Units will
be targeted to Low-Income Families (80% AMI or
below)?

______%

• Note that greater than 50% of the total Eligible Project Costs (CMF Award
plus Leveraged Capital) must be attributable to housing units that meet
the CMF affordability qualifications for Low-Income, Very Low-Income, or
Extremely Low-Income Families.
• Please refer to the definitions for Affordable Housing Activities and
Affordable Housing identified in Section 1807.104 of the CMF Interim Rule
(12 CFR Part 1807).

Percentage

• This percentage should include all units targeted to Low-Income Families
with incomes below 80% AMI (both in and outside of an Area of Economic
Distress).
• If awarded, the total percentage calculated in Q.22(c) will be used to
develop the PG&M in the Recipient’s Assistance Agreement.

c. What is the total percentage of (a) and (b) above, not
to exceed 100%?

CDFI FUND | CMF Application Template

AutoCalculated

• If applicable, an Applicant will generally be scored more favorably to the
extent it commits to produce a portion of total Homeownership CMF

AutoCalculated

Question Text

d. Describe how you will achieve the percentage listed
in (c) if selected for a CMF Award. Specifically discuss:
• As applicable, your strategy and experience
targeting homeowners in AEDs, and how your
proposed activities will contribute to economic
stabilization/revitalization in these areas.
• Within AEDs, describe your strategy to avoid
gentrification/displacement of existing residents and
provide Homeownership opportunities to existing
residents.
• As applicable, your strategy and experience
targeting Low-Income homeowners (80% AMI and
below), including procedures for verifying income
for all homeowners.
e. Discuss how the CMF Award will enhance the
Applicant’s ability to finance/produce housing in AEDs
and/or for Low-Income homebuyers. Be sure to discuss
and quantify:
• Whether the CMF Award will enable the Applicant
to finance/produce more Homeownership CMF
Units that otherwise would not be possible, or

CDFI FUND | CMF Application Template

Response

Question Tips
Units available that are either located in Areas of Economic Distress or
targeted to Low-Income Families.
• In the evaluation of the Application, an Applicant will receive the highest
score on this element if it commits that 100% of Homeownership CMF
Units will be for (A) Families with incomes above 80% and no greater than
120% of Area Median Income located in Areas of Economic Distress; (B)
Low-Income Families (80% AMI or below) in or outside of Areas of
Economic Distress; or (C) a combination of A and B. This percentage must
be supported by the Applicant’s strategy and track record. The
Applicant’s score will be reduced proportionally based on lower
percentages.
• The percentage entered in this question is auto-calculated as the sum of
Q.22(a) and Q.22(b) and cannot be greater than 100%.
• If awarded, the total percentage calculated in Q.22(c) will be used to
develop the PG&M in the Recipient’s Assistance Agreement.

Field Type

• Areas of Economic Distress are in Q.22(a).
Narrative
– 3,000
characters

Narrative
– 3,000
characters

• Reference the data in Tables B1 and B2, as appropriate.
• If there is a particular category of distress the Applicant plans to target
(e.g., e.g., areas with high poverty or areas with high vacancy), please
state that in this narrative.

• The Applicant only needs to address one of the “value-added” elements.
• Be sure to quantify the differences in the level of activity (i.e., number of
units, dollar amount, etc.) between what can be achieved with a CMF
Award and what can be achieved without.
• Reference the data in Tables A2, B2, and C2, as appropriate.

Narrative

Question Text
• Whether the CMF Award will enable the Applicant
to target lower income groups that otherwise
would not be possible without a CMF Award, or
• Whether the CMF Award will enable the Applicant
to reach distress geographies that otherwise would
not be possible without a CMF Award.

Response

Question Tips

Field Type

Policy Priorities and Strategy Alignment
Question 23 – Policy Priorities and Strategy Alignment
Question Text
Response
Describe partnerships with other organizations
(e.g., housing developers, lenders, community
organizations) that will enhance the
Applicant’s strategy and impact for LowIncome Families and help the Applicant to
address priorities of the CDFI Fund.

Narrative –
3,000
characters

Question Tips

• Potential areas of partnership include, but are not limited to: a) partnerships that
facilitate supportive services for residents of CMF Units; b) partnerships that will
allow the Applicant to reach new markets, significantly increase its Affordable
Housing production, or undertake new activities; c) partnerships that facilitate the
Applicant in addressing priorities of the CDFI Fund as identified in the Notice of
Funding Availability (NOFA) for each funding round.
• If planning to use Subsidiaries and/or Affiliated organizations in the execution of
the CMF Award, include their role in the narrative.

Question 24 – Economic Development Activities (if proposed in Q.9.c.)
Question Text
Response
a. If the Applicant intends to finance Economic
Development Activities (EDA), describe how
the Applicant will ensure that its activities are
certified as being part of a Concerted Strategy
to stabilize or revitalize a Low-Income Area or
Rural Area in conjunction with affordable
housing.”

CDFI FUND | CMF Application Template

Question Tips

• AMIS Note: This question will only appear in the AMIS Application if the Applicant
indicates in Q.9.c. that it plans to use a portion of its Award for Economic
Development Activities.

Narrative –
2,000
characters

• Note: Applicants proposing to finance/support Economic Development Activities
will have already described the financing types and products for Economic
Development and Affordable Housing in Question 11.b.

Filed Type

Narrative

Field Type

Narrative

• Concerted Strategy means a formal planning document that evidences the
connection between Affordable Housing Activities and Economic Development
Activities. Such documents include comprehensive, consolidated, or redevelopment

Question Text

Response

Question Tips

plan, or some other local, state, or regional planning document adopted or
approved by the jurisdiction.

Field Type

• This is a regulatory requirement if the Applicant intends to use its CMF Award to
finance/support EDA per the CMF Interim Rule (12 CFR 1807.104).
• Economic Development Activities must be (1) Located in a Low-Income Area or
Rural Area; (2) Undertaken in conjunction with any affordable housing that is
subject to or authorized by local, State or Federal laws; and (3) Reasonably
available, physically proximate, and benefit residents of such affordable housing.
For a Metropolitan Area, the Economic Development Activities must be located
within the same census tract or within one mile of such affordable housing.
b. Describe how the planned EDA will serve
nearby residents of affordable housing.

Narrative –
2,000
characters

• AMIS Note: This question will only appear in the AMIS Application if the Applicant
indicates in Q.9(b) that it plans to use a portion of its Award for Economic
Development Activities.

Narrative

Rural Areas
Question 25 – Rural Areas
The CDFI Fund is dedicated to achieving geographic diversity across Metropolitan and Rural Areas in the United States and encourages Applicants to
serve Rural Areas to ensure that diversity. An Applicant is therefore required to provide the percentage of CMF dollars that it is willing to commit to
investing in Rural Areas.
Rural Areas is defined per 12 CFR 1282.1 (Enterprise Duty To Serve Final Rule) as (i) A census tract outside of a Metropolitan Statistical Area as
designated by the Office of Management and Budget; or (ii) A census tract in a Metropolitan Statistical Area as designated by the Office of
Management and Budget that is outside of the Metropolitan Statistical Area’s Urbanized Areas, as designated by the U.S. Department of Agriculture’s
(USDA) Rural-Urban Commuting Area (RUCA) Code #1, and outside of tracts with a housing density of over 64 housing units per square mile for
USDA’s RUCA Code #2. The CDFI Fund has published a dataset indicating which census tracts are designated as Rural Areas for each Round, specific to
the applicable NOFA, on its website.
If the Applicant’s response to Q.25.a. is greater than zero, the Applicant will be held to using a required percentage of CMF Award dollars in Rural
Areas as a condition of its Assistance Agreement. The required percentage will equal the response to Q.25.a.
Note: These questions will only appear in AMIS if the Applicant indicates that it is willing to commit to using a portion of its CMF Award in Rural Areas.

CDFI FUND | CMF Application Template

Question Text

Response

Question Tips

a. Indicate the percentage of CMF Award dollars that the Applicant is
willing to commit to deploying in Rural Areas:

______%

• This question will only appear in AMIS if Applicant
answers “yes” to Question 3.d.
• The percentage entered must be between 0 and 90. The
Applicant can enter 90% as the maximum value, since 5%
of the CMF Award can be used for Direct Administrative
Expense (DAE) and an additional 5% of the CMF Award
can be used for Feasibility Determination Expenses (FDE),
then 90% is the maximum value that should be entered.
• Applicants will generally score more favorably if they
commit to investing at least 10% of the CMF Award in
Rural Areas and demonstrate a track record that supports
the proposed percentage.
• If awarded, the data provided in response to this
question will be used to develop the PG&M in the
Recipient's Assistance Agreement.

b. Indicate the percentage of CMF Units the Applicant is willing to
commit to deploying in Rural Areas:

______%

• This question will only appear in AMIS if Applicant
answers “yes” to Question 3.d.

Narrative –
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• This question will only appear in AMIS if Applicant
answers “yes” to Question 3.d.
•

c. If the response to Q.25.a. is greater than 0%, briefly describe the
Applicant’s track record of serving Rural Areas. Be sure to indicate:
• Both in dollar amount and as a percentage of the Applicant’s
overall activities, the amount of loans, investments, or related
activities the Applicant has undertaken in Rural Areas.
• Experience with the type of housing that will be financed—e.g.,
manufactured housing, single family, multifamily, etc.
d. Based on the Applicant’s activity over the last five fiscal years, provide
the following information on the total housing units produced located in
Rural Areas:
• Total project costs financed/supported; and
• Total units produced

CDFI FUND | CMF Application Template

$____
Costs
_____
Units

• This question will only appear in AMIS if Applicant
answers “yes” to Question 3.d.

Field Type

Percentage

Narrative

• Currency
• Numeric

Part 3: Organization Capacity
Question 26 – Key Personnel
Question Text

Complete Appendix 5 for key personnel that will be involved in managing the CMF
Award. Applicants will be able to list up to 10 individuals. Select the individuals that
will be most important in managing the CMF Award.

Response
See
Appendix 5

Question 27 – Previous Awards
Question Text

Response

a. Appendix 6 will list previous awards from the CDFI Fund received by the
Applicant and any Affiliates.

See
Appendix 6

b. If the Applicant has received any Federal awards in the past three years (i.e.,
January 1, 202x and forward) discuss the following:
• Briefly describe the Applicant’s experience managing Federal awards in the last
three years, including the number, dollar amount and types of awards managed.
Include all Federal financial assistance that have Federal award requirements,
including any Federal awards managed by the Applicant that may be received as
a sub-grant or managed as a pass-through grant.
• Indicate if the Applicant or its Affiliates have been deemed noncompliant with a
Federal award (other than a CDFI Fund Award), experienced any significant
compliance issues, or received a finding as the result of an Office of Inspector
General (OIG) audit in the past three years.

Narrative –
4,000
characters

Question Tips

Field Type
See
Appendix 5

See Appendix 5.

Question Tips

• See Appendix 6.
• This information should pre-populate in AMIS.
If it does not, contact the AMIS Help Desk to
ensure all the Applicant’s Affiliates are linked.
• If all Awards do not appear, the CDFI Fund
recommends you review the list of Affiliates
under your Organizational Profile in AMIS and
make updates as appropriate.
• Applicants will generally score more favorably
if they demonstrate a strong ability to
successfully manage Federal awards based on
experience managing prior Federal awards or
administering state or local government
awards, foundation grants, or other programs
with complex compliance requirements.

Field Type

See
Appendix 6

Narrative

• If the Applicant did not receive any Federal awards in the past three years,
discuss any other experience that the Applicant has in administering awards
from other entities (e.g., state or local governments, foundations, etc.),

CDFI FUND | CMF Application Template

Question Text

particularly large monetary awards with substantial compliance requirements
and describe how this experience will enable the Applicant to successfully
administer a CMF Award.
c. Is the Applicant or any Affiliates currently the subject of an unresolved audit or
investigation by the OIG or equivalent related to previous Federal awards?

Response

Yes/No

d. If the Applicant or its Affiliates have previously received a CMF Award, discuss
the following:
• Your progress in deploying your past CMF Awards, including how much of each
CMF Award has achieved Project Commitment and disbursed to
Projects/borrowers as of the Application submission date and if any Projects
under these Awards have achieved Project Completion.
• Describe any overlap of the Projects included in this Application that have been
previously proposed in prior CMF Applications as shown in Appendix 3c or have
active CMF investment in the proposed Project(s).
• Discuss how the pipeline proposed in this Application is distinct and separate
from the pipeline related to your existing CMF Awards.
• Discuss how you will manage any previous CMF Award funds that remain
uncommitted or expected Program Income from previous CMF Awards in
relation to the proposal being submitted in this CMF Application.

The table below Q.27.d. in the on-screen Application in AMIS lists the current
summary of unit completion and outstanding units to be completed by the
Applicant under existing CMF Assistance Agreements (i.e., past CMF Awards). The
table includes the following data points (i.e., column field names): Award Control
Number, CMF Award Year, CMF Award Amount, Production Target (# Units), Total
Eligible Units Completed, Percentage of Production Target Units Completed,

CDFI FUND | CMF Application Template

Narrative5,000
characters

Autogenerated

Question Tips

If yes, be sure to explain in Q.27.b.
• Enter “N/A” if your organization and Affiliates
have not received a CMF Award.
• Performance related to past Awards will be
reviewed and considered as part of the
Application review. Applicants should ensure
that information on the commitment of past
CMF Awards is up to date in AMIS throughout
the Application review period.
• Note any factors that may prevent meeting
performance requirements for previous CMF
Awards.
• Identify any challenges in the deployment of
the past award(s).
• Reference the data in the below table when
describing progress to date.
• Reference the data shown in Appendix 3c
when describing any overlap of Projects
included in this Application that have been
previously proposed in prior CMF Applications.
• CMF Program encourages first-time Applicants.
Prior CMF Recipients will not receive a scoring
advantage solely for having received a prior
CMF Award.
• Performance related to past CMF Awards will
be reviewed and considered as part of the
Application review. Applicants should ensure
that information on the commitment of past
CMF Awards is up to date in AMIS.
• If a previous CMF Recipient, this table will
display your CMF Performance Report data

Field Type

Picklist

Narrative

Autogenerated

Question Text

Percentage of Award Committed to Project(s), Investment Period End Date, and
Snapshot Created Date.

Question 28 – Financial Health
Question Text

Response

a. Enter the Applicant’s relevant financial data in Appendix 8.
Note which fields are relevant for the Applicant entity strategy.

Response

Question Tips

from your past Award(s). To update this
information, you must update your CMF
Performance Progress Report(s).

Question Tips

Field Type

See
Appendix 8

b. Do any of the Applicant’s Audits for the three (3) most recent
historic fiscal years prior to the publication date of the NOFA
indicate a negative Net Income?

• For reference, see Appendix 8.
• Applicants will generally score more favorably to the extent
they demonstrate strong financial health, including but not
limited to strong capitalization, sound operating performance,
strong liquidity, as well as favorable audit results.

Yes/No

Net Income, also known as Earnings, is Revenue less Expenses.

Picklist

c. Do any of the Applicant’s Audits for the three (3) most recent
historic fiscal years prior to the publication date of the NOFA
include an opinion other than Unqualified/Unmodified?

Yes/No

d. Do any of the Applicant’s Audits for the three (3) most recent
historic fiscal years prior to the publication date of the NOFA
include a “going-concern paragraph” or qualification?

Yes/No

e. Do any of the Applicant’s Audits for the three (3) most recent
historic fiscal years prior to the publication date of the NOFA,
including any Single Audits for any of these 3 years, contain
repeated findings of reportable conditions?
f. Do any of the Applicant’s Audits for the three (3) most recent
historic fiscal years prior to the publication date of the NOFA,

CDFI FUND | CMF Application Template

Yes/No
Yes/No

An unqualified/unmodified opinion is an independent auditor’s
judgment that a company’s financial records and statements are
fairly and appropriately presented, and in accordance with
Generally Accepted Accounting Principles (GAAP). An
unqualified/unmodified opinion is the most common type of
auditor’s report.
The going concern principle is an assumption that a business will
continue in the future, unless there is evidence to the contrary.
When an auditor conducts an examination of the accounting
records of a company, the auditor has an obligation to review its
ability to continue as a going concern; if the assessment is that
there is a substantial doubt regarding the company’s ability to
continue in the future (which is defined as the following year), a
going concern qualification must be included in the auditor’s
opinion of the company’s financial statements.
Reportable condition is a matter coming to the auditor’s attention
relating to significant deficiencies in the design or operation of the
internal control that could adversely affect an entity’s ability to
fulfill future obligations and/or the satisfaction of liabilities.
Material weakness in internal controls means that it could lead to
a material misstatement in a company’s financial statements.

Picklist

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Picklist

Question Text

including any Single Audits for any of these 3 years, indicate
material weaknesses in internal controls?
g. Is the Applicant currently delinquent with respect to any
obligations owed by the Applicant to an investor or lender?
h. Has the Applicant ever filed for bankruptcy or otherwise
defaulted on financial obligations to a third party?
If responding “Yes” to any of the questions above, indicate the
Applicant’s fiscal year(s) in which the above occurred, and
describe the circumstances and corrective action(s) taken.
i. Provide a narrative responding to the following questions on
the Applicant’s financial health:
• Discuss your organization’s financial health over the past three
(3) most recent historic fiscal years prior to the publication
date of the NOFA, noting key trends and circumstances and
how they shape organizational performance and business
strategy.
• Be sure to discuss any recent material changes to the
Applicant’s financial health that are not reflected in the
audited financial statement for the most recent historic fiscal
year.
• Acknowledge any other areas of material weakness and/or
deficiencies in the Applicant’s financial health, viability, and
capacity as well as financial statement and Single Audit
findings, as applicable. Discuss how the Applicant is trying to
improve in those areas.

CDFI FUND | CMF Application Template

Response

Yes/No
Yes/No
Narrative –
2,000
characters

Narrative –
4,000
characters

Question Tips
Please indicate if you are delinquent with respect to any
obligations to an investor and lender as of the date of the
Application submission.
Please indicate whether the Applicant has filed for bankruptcy or
defaulted on financial obligations.
Be as thorough as possible in describing the circumstances around
the occurrence; any corrective steps taken to address the issue;
and the current status of the issue.

The CDFI Fund reserves the right to contact other governmental
organizations to review the Applicant’s award status and reserves
the right to obtain additional audited or interim financial
statements from an Applicant to review its financial condition,
prior to making a final award determination. Failure on the part of
the Applicant to acknowledge issues related to the financial health
of the organization in this question or elsewhere in the Application
could result in the Application being deemed ineligible, dismissed
from a subsequent stage of review, or in termination of an Award.

Field Type

Picklist
Picklist
Narrative

Narrative

Question 29 – Portfolio Health
Question Text

Discuss the Applicant’s portfolio performance. Describe key trends or
changes in the portfolio for the three (3) most recent historic fiscal years
prior to the publication date of the NOFA, and the current fiscal year-todate.

Response

For Applicants that are using a financing Entity Approach:

Discuss the Applicant’s property portfolio, as applicable. Refer to relevant
data entered in Table F. Compare the Applicant’s performance with
industry benchmarks where appropriate.
•

•

For rental, explain any weaknesses, especially around low Net
Operating Income (NOI), high vacancy rates, the impact of current
market conditions, etc. Refer to the relevant portfolio data entered in
Table F as applicable.
For Homeownership development/rehabilitation, for the three (3)
most recent historic fiscal years prior to the publication date of the
NOFA, provide performance data, and address all of the following: 1)
portfolio-level statistics related to average days on the market; 2)
comparative locality benchmark averages for average days on the
market; and 3) annual sales volume in terms of units sold. Explain any
weaknesses, especially around sales performance, inventory, the
impact of current market conditions, etc.

CDFI FUND | CMF Application Template

Field Type

• Financing Entity Approach Applicants should
complete this question as it relates to the Applicant’s
loan/equity portfolio. Complete Table E.

Discuss the Applicant’s loan/equity portfolio. Refer to relevant loan/equity
portfolio data entered in Table E. Explain any weaknesses, especially those
related to delinquencies or net loan losses and discuss how the Applicant is
trying to improve in those areas and the impact of current market
conditions. Compare the Applicant’s performance with industry
benchmarks where appropriate.
For Applicants that are using an affordable housing developer/manager
approach:

Question Tips

• Affordable housing developer/manager approach
Applicants should complete this question as it relates
to the Applicant’s property portfolio. Complete Table
F.

Narrative –
3,000
characters

• If an affordable housing developer/manager approach
Applicant does not maintain a property portfolio, such
should be described in the narrative.

Narrative

• Do not include activities of Affiliates that are not
Subsidiaries.
• Applicants will generally score more favorably to the
extent they demonstrate a solid portfolio performance
(property portfolio or loan/investment portfolio, as
applicable.

Appendix 1: Financing Products
Instructions for Completing Appendix 1

In this table, the Applicant will provide the following data for each financing activity/financial product the Applicant plans to offer with its CMF Award. Comparative
interest rates and terms should reflect what is available in the market for similar products. In the case of affordable housing developer/manager approach, it is
sufficient to indicate the activity type of financing that will be provided to projects using the CMF Award. Tie the products to needs and financing gaps described in
this Application. Focus on the role of the CMF Award when describing the financing products. For fields that are not applicable to the product proposed, select “Not
Applicable”.

Appendix 1: Financing Activities/Products
AMIS Field Name
Name

Description

Financing Activities

Eligible Activities

CDFI FUND | CMF Application Template

Question Tips
Enter the name of the financing activity/financial product.
Describe the financing activity/financial product that will be supported by the CMF
Award. Discuss how the financing activity/financial product compares to what is
available in the market as well as relevant terms not otherwise described in this table.
For example, if the CMF Award will be supporting Loan Loss Reserves, Secondary
Market Mortgage Purchases, or equity investments, use this narrative to describe the
structure, features, and terms of the financing activity/financial product.
Select all activities that will be supported by this financing activity/financial product:
• Predevelopment financing
• Property/Site Acquisition financing
• Construction financing
• Bridge/short term financing
• Permanent financing (1st Lien)
• Permanent financing (2nd Lien or lower) – includes soft debt
• Refinancing
• Loan Loss Reserve/Loan Guarantee
• Equity
• Down payment/Closing Cost Assistance
• Secondary Market Mortgage Purchases
Selected Financing Activities should align with what the Applicant selected in Question
9.c.
Select the appropriate Eligible Activities that will be supported by the financing
product.
• Rental
• Homeownership

Field Type
Text

Narrative 2000
Characters

Picklist

Multi-picklist

Appendix 1: Financing Activities/Products

Maximum Loan Amount (Applicable?)
Maximum Loan Amount ($)
Estimated Minimum Interest Rate (Applicable?)
Estimated Minimum Interest Rate (%)
Estimated Maximum Interest Rate (Applicable?)
Estimated Maximum Interest Rate (%)
Estimated Average Interest Rate (Applicable?)
Estimated Average Interest Rate (%)
Comparative Average Interest Rate (Applicable?)
Comparative Average Interest Rate (%)
Amortization Period (Applicable?)
Amortization Period (#)
Term (Applicable?)
Term (#)
Fees (Applicable?)
Fees (Text)
Security Position (1st, 2nd, etc.) (Applicable?)
Security Position (1st, 2nd, etc.) (Text)

CDFI FUND | CMF Application Template

• Economic development
Selected Eligible Activities should align with what the Applicant selected in Question
9.b.
If a Maximum Loan Amount applies to this financing activity/financial product select
“Applicable.” If it does not apply, select “Not Applicable.”
If Applicable, enter the maximum loan amount that will be supported by the financing
product.
If an Estimated Minimum Interest Rate applies to this financing activity/financial
product select “Applicable.” If it does not apply, select “Not Applicable.”
If Applicable, enter the estimated minimum interest rate.
If an Estimated Maximum Interest Rate applies to this financing activity/financial
product select “Applicable.” If it does not apply, select “Not Applicable.”
If Applicable, enter the estimated maximum interest rate.
If an Estimated Average Interest Rate applies to this financing activity/financial product
select “Applicable.” If it does not apply, select “Not Applicable.”
If Applicable, enter the estimated average interest rate.
If a Comparative Average Interest Rate applies to this financing activity/financial
product select “Applicable.” If it does not apply, select “Not Applicable.”
If Applicable, identify the comparable average interest rate offered by others in the
Service Area.
If an Amortization Period applies to this financing activity/financial product select
“Applicable.” If it does not apply, select “Not Applicable.”
If Applicable, enter the Amortization Period in months
If a Term applies to this financing activity/financial product select “Applicable.” If it
does not apply, select “Not Applicable.”
If Applicable, enter the term of the loan or investment in months.
If Fees apply to this financing activity/financial product select “Applicable.” If it does
not apply, select “Not Applicable.”
If Applicable, describe any fees that will be charged with this product (e.g., origination
fees, etc.).
If a Security Position applies to this financing activity/financial product select
“Applicable.” If it does not apply, select “Not Applicable.”
If Applicable, select the security position (1st, 2nd, 3rd or Lower)

Picklist
Currency
Picklist
Percentage
Picklist
Percentage
Picklist
Percentage
Picklist
Percentage
Picklist
Number
Picklist
Number
Picklist
Text
Picklist
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Appendix 2: Track Record and Projections
Instructions for Completing Track Record Tables (Tables A1, B1, and C1)
Instructions for Tables A1, B1, and C1: Please provide the requested information on the Applicant’s track record of deployment and production during the previous
five fiscal years in Tables A1, B1, and C1, as applicable. Tables A1, B1, and C1 (as applicable) should be completed based solely on activities undertaken by the
Applicant, any Subsidiaries, and any Limited Partnerships or Limited Liability Corporations where the Applicant holds the controlling interest over the management,
credit or investment decisions, or policies of the company. Do not include the activities of Affiliates that are not Subsidiaries of the Applicant in these tables (e.g.,
“parent” organizations or other organizations under a common “parent” that are not controlled by the Applicant). If the Applicant is a Certified CDFI Depository
Institution Holding Company that intends to carry out the activities of a CMF Award through its Certified CDFI Subsidiary Insured Depository Institution, it must
provide track record information only for its Certified CDFI Subsidiary Insured Depository Institution that will administer the CMF Award.

Instructions for Completing Projections Tables (Tables A2, B2, and C2)
Instructions for Tables A2, B2, and C2: Please provide the information requested about the Applicant’s projected deployment and production related to its CMF
Award request in Tables A2, B2, and C2, as applicable. Tables A2, B2, and C2 (as applicable) should only contain data for activities undertaken as a result of the
Applicant’s requested CMF Award. Do not include data on activities unrelated to the Applicant’s requested CMF Award. The projections in Tables A2 and B2 will be
used to determine a minimum number of units to be produced with the CMF Award. This unit target will become a condition of the Assistance Agreement. If the
Applicant is a Certified CDFI Depository Institution Holding Company that intends to carry out the activities of a CMF Award through its Certified CDFI Subsidiary
Insured Depository Institution, it should include data on projected capital to be deployed by the Certified CDFI Subsidiary Insured Depository Institution that will
administer the CMF Award.

Table A1: Track Record by Housing/Economic Development Activity Type
Data entered in Table A1 should be based on the date the Project was completed (e.g., for Homeownership, title transferred to homeowner; for rental, certificate of
occupancy) as well as projects financed but not yet completed. Under the fields for Cost ($), the Applicant should enter the total project cost (inclusive of the
Applicant’s financing and financing from other entities) as of the date the Project was completed. Under the fields for units, for Homeownership and rental housing,
list the total number of units produced in each category. Only units up to 120% AMI should be entered into the Table A1 Track Record table. For Economic
Development Activities, enter the total number of facilities produced in each category (i.e., one (1) building with eligible Economic Development Activities, is one (1)
unit for Economic Development Activities; two (2) buildings with eligible Economic Development Activities, is two (2) units of Economic Development Activities; etc.).
Note: Total Completed Rental Housing Units and Total Completed Homeownership Units entered in A1 must equal Total Rental Housing Units and Total Homeownership
Units in B1.

CDFI FUND | CMF Application Template

Table A1 – Track Record by Activity Type
AMIS Field Name

Question Tips

Field Type

5 Year Total

Completed Projects

Rehabilitation and/or Preservation
Costs (Rental)
Rehabilitation and/or Preservation
Units (Rental)

Enter the costs for rental housing new Development for the last five fiscal
years.
Enter the units for rental housing new Development for the last five fiscal
years.
Enter the costs for rental housing Rehabilitation and/or Preservation for the
last five fiscal years.
Enter the units for rental housing Rehabilitation and/or Preservation for the
last five fiscal years.

Total Rental Housing Costs

Totals for rental housing costs will be auto-calculated in this row.

Auto-Calculated

$________

Total Rental Housing Units

Totals for rental housing units will be auto-calculated in this row.

Auto-Calculated

________

New Development Costs (Rental)
New Development Units (Rental)

New Development Costs (HO)
New Development Units (HO)

Enter the costs for new Development Homeownership for the past five fiscal
years.
Enter the units for new Development Homeownership for the past five fiscal
years.

Currency

$________

Numeric

________

Currency

$________

Numeric

________

Currency
Numeric

$________
________

Rehabilitation Costs (HO)

Enter the costs for Rehabilitation Homeownership for the past five fiscal years.

Currency

Rehabilitation Units (HO)

Enter the units for Rehabilitation Homeownership for the past five fiscal years.

Numeric

_________

Mortgage Finance, Refinance
and/or Purchase Assistance Costs
Mortgage Finance, Refinance
and/or Purchase Assistance Units

Enter the costs for homeowner mortgage finance, refinance, and/or Purchase
assistance for the past five fiscal years.
Enter the units for homeowner mortgage finance, refinance, and/or Purchase
assistance for the past five fiscal years.

Currency

$________

Numeric

________

Total Homeownership Costs

Totals for Homeownership costs will be auto-calculated in this row.

Auto-Calculated

$________

Total Homeownership Units

Totals for Homeownership units will be auto-calculated in this row.

Auto-Calculated

________

Auto-Calculated

$________

Auto-Calculated

________

Total Housing Costs
Total Housing Units

CDFI FUND | CMF Application Template

Totals for housing costs (Rental Costs + Homeownership Costs) will be autocalculated in this row.
Totals for CMF Units (Rental Units + Homeownership Units) will be autocalculated in this row.

$________

Table A1 – Track Record by Activity Type
AMIS Field Name

Question Tips

Field Type

5 Year Total

Community Service Facilities Costs

Enter the costs for Community Service Facilities for the past five fiscal years.

Currency

$________

Community Service Facilities Units

Enter the number of Community Service Facilities for the past five fiscal years.

Numeric

________

Commercial Econ. Dev. Activities
Costs
Commercial Econ. Dev. Activities
Units

Enter the costs for commercial Economic Development Activities for the past
five fiscal years.
Enter the number of commercial Economic Development Activity facilities for
the past five fiscal years.

Currency

$________

Numeric

________

Total Economic Development Costs

Total Economic Development Activity costs will be auto-calculated in this row.

Auto-Calculated

$________

Total Economic Development Units

Total Economic Development Activity units will be auto-calculated in this row.

Auto-Calculated

________

Total Costs (Completed Projects)

Total costs for completed projects will be auto-calculated in this row.

Auto-Calculated

$________

Total Units (Completed Projects)

Total units for completed projects will be auto-calculated in this row.

Auto-Calculated

________

Currency

$________

Numeric

________

Currency

$________

Numeric

________

Currency

$________

Numeric

________

Auto-Calculated

$________

Auto-Calculated

________

Projects Financed but not yet Completed
Financed but not yet Completed Costs (Rental)
Financed but not yet Completed Units (Rental)
Financed but not yet Completed Costs (Homeownership)
Financed but not yet Completed Units (Homeownership)
Financed but not yet Completed Costs (EDA)
Financed but not yet Completed Units (EDA)
Total Costs (Financed but not yet
Completed)
Total Units (Financed but not yet
Completed)

CDFI FUND | CMF Application Template

Enter the costs for rental housing financed in the last five fiscal years, but not
yet completed.
Enter the units for rental housing financed in the last five fiscal years, but not
yet completed.
Enter the costs for homeownership housing financed in the last five fiscal
years, but not yet completed.
Enter the units for homeownership housing financed in the last five fiscal
years, but not yet completed.
Enter the costs for EDA projects financed in the last five fiscal years, but not
yet completed.
Enter the units for EDA projects financed in the last five fiscal years, but not yet
completed.
Total costs for Projects financed but not yet completed will be auto-calculated
in this row.
Total units for Projects financed but not yet completed will be auto-calculated
in this row.

Table A2: Projected Housing/Economic Development Activity Type
Data entered in Table A2 should be based on the date the Project will achieve Project Completion. In this table, only provide data for activities undertaken as a result
of the Applicant’s requested CMF Award. Do not include data on activities unrelated to the Applicant’s requested CMF Award.
In the fields for cost ($), the Applicant must enter the projected total Eligible Project Costs (inclusive of financing by the Applicant and any other entity) as of the date
the Project is projected to achieve Project Completion. Projected Total Costs in this table must equal the Eligible Project Costs entered in Q.14.d.
In the fields for units, for Affordable Housing Activities, list only CMF Units (i.e., units that comply with the affordability qualifications for Eligible-Income Families
(120% of AMI or below). For Economic Development Activities, enter the projected number of community service facilities and other physical structures in which
neighborhood-based businesses operate to be financed.
Note: Total Rental Housing Units and Total Homeownership Units entered in A2 must equal Total Rental Housing Units and Total Homeownership Units in B2.

If awarded, the Total CMF Units (Total Rental Units + Total Homeownership Units) entered will be used to develop the PG&M in the Recipient’s Assistance
Agreement.

Table A2 – Projected Activity Type – CMF Units
AMIS Field Name

Question Tips

Field Type

5 Year Total

New Development Cost (Rental)
New Development Units (Rental)
Rehabilitation and/or Preservation
Cost (Rental)
Rehabilitation and/or Preservation
Units (Rental)

Enter the costs for rental housing new Development for the next five years.
Enter the units for rental housing new Development for the next five years.
Enter the costs for rental housing Rehabilitation and/or Preservation for the next five
years.

Currency
Numeric

$_______
________

Currency

$_______

Enter the units for rental housing Rehabilitation and/or Preservation for the next five years.

Numeric

________

Total Rental Costs

Totals for rental housing costs will be auto-calculated in this row.

Total Rental Units

Totals for rental CMF Units will be auto-calculated in this row.

New Development Cost (HO)
New Development Units (HO)
Rehabilitation Cost (HO)
Rehabilitation CMF Units (HO)

Enter the costs for new Development Homeownership for the next five years.
Enter the units for new Development Homeownership for the next five years.
Enter the costs for Rehabilitation Homeownership for the next five years
Enter the units for Rehabilitation Homeownership for the next five years.

CDFI FUND | CMF Application Template

AutoCalculated
AutoCalculated
Currency
Numeric
Currency
Numeric

$_______
________
$_______
________
$_______
________

Table A2 – Projected Activity Type – CMF Units
AMIS Field Name

Question Tips

Mortgage Finance, Refinance
and/or Purchase Assistance Cost
Mortgage Finance, Refinance
and/or Purchase Assistance Units

Enter the costs for homeowner mortgage finance, refinance, and/or Purchase assistance
for the next five years.
Enter the units for homeowner mortgage finance, refinance and/or Purchase assistance for
the next five years.

Total Homeownership Costs

Totals for Homeownership costs will be auto-calculated in this row.

Total Homeownership Units

Totals for Homeownership units will be auto-calculated in this row.

Community Service Facilities Costs
Community Service Facilities Units
Commercial Econ. Dev. Activities
Costs
Commercial Econ. Dev. Activities
Units

Totals for housing costs (Rental Costs + Homeownership Costs) will be auto-calculated in
this row.
Totals for CMF Units (Rental Units + Homeownership Units) will be auto-calculated in this
row.
Enter the projected costs for Community Service Facilities for the next five years.
Enter the number of projected Community Service Facilities for the next five years.
Enter the projected costs for commercial Economic Development Activity costs for the next
five years.
Enter the projected number of commercial Economic Development Activity facilities for the
next five years.

Total Economic Development Costs

Total Economic Development Activity costs will be auto-calculated in this row.

Total Economic Development Units

Total Economic Development Activity units will be auto-calculated in this row.

Total Cost

Total projected costs will be auto-calculated in this row.

Total Units

Total projected units will be auto-calculated in this row.

Total Housing Costs
Total CMF Units

CDFI FUND | CMF Application Template

Field Type

5 Year Total

Currency

$_______

Numeric

________

AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated
Currency
Numeric

$________
________
$________
________
$_______
_________

Currency

$_______

Numeric

________

AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated

$_______
_______
$_______
_______

Table B1: Track Record of Housing Units Production by Income Levels
Data entered in Table B1 should include projects completed in the last five fiscal years, based on the Project Completion date. Applicants should enter the number of
units for each income category. AMI stands for Area Median Income. Do not include the activities of Affiliates that are not Subsidiaries of the Applicant.
Areas of Economic Distress (AED) are census tracts that meet specific criteria outlined in the Notice of Funds Availability (NOFA), based on statistics such as poverty,
households’ percentage of income spent on housing, housing vacancy rates, etc. The CDFI Fund publishes the data on which census tracts are designated as AED for
the current funding round as an Excel file on its website as part of the CMF Application Resources (https://www.cdfifund.gov/programstraining/Programs/cmf/Pages/apply-step.aspx#step2). AED data is also available through the CDFI Fund’s CDFI Information Mapping System (CIMS) tool.
The definition of High Opportunity Areas is provided in Question 20’s Questions Tips.
Note: Total Completed Rental Housing Units and Total Completed Homeownership Units entered in A1 must equal Total Rental Housing Units and Total Homeownership
Units in B1.

Table B1 – Track Record Housing Unit Production by Income Levels
AMIS Field Name
Rental Housing
0-30% AMI Units
31-50% AMI Units
51-60% AMI Units
61-80% AMI Units
81-120% AMI Units

Question Tips
Enter the number of 0-30% AMI units completed
in the past five fiscal years.
Enter the number of 31-50% AMI units
completed in the past five fiscal years.
Enter the number of 51-60% AMI units
completed in the past five fiscal years.
Enter the number of 61-80% AMI units
completed in the past five fiscal years.
Enter the number of 81-120% AMI units
completed in the past five fiscal years.

Field Type

Numeric
Numeric
Numeric
Numeric
Numeric

Total Rental Housing Units

This field will be auto-calculated.

Percentage of Rental Units
Restricted to Very LowIncome and Below

AutoCalculated

This field will be auto-calculated.

AutoCalculated

CDFI FUND | CMF Application Template

Response

Calculation

5 Fiscal Year Total
In an AED

5 Fiscal Year
Total Not in
an AED

5 Fiscal Year Total
TOTAL

_______

Auto-Calculated

_______

Auto-Calculated

_______

Auto-Calculated

_______

Auto-Calculated

_______

_______
AutoCalculated

Auto-Calculated

Auto-Calculated
Auto-Calculated

AutoCalculated

Auto-Calculated
Auto-Calculated

Table B1 – Track Record Housing Unit Production by Income Levels
AMIS Field Name

Rental Units in High
Opportunity Areas (up to
120% AMI)

Homeownership Housing
0-30% AMI Units
31-50% AMI Units
51-60% AMI Units
61-80% AMI Units
81-120% AMI Units
Total Homeownership
Units
Percentage of
Homeownership Units
Restricted to Low-Income
and Below
All Housing
Total - All Housing Units

Question Tips
Enter the number of rental units in High
Opportunity Areas (HOA) completed in the past
five fiscal years. This is a subset of Total Rental
Housing Units. If an HOA unit is located in an
AED, it should be entered in the first column ("In
an AED"). If the HOA unit is not located in an
AED, it should be entered in the second column
("Not in an AED"). If rental housing is not
proposed, enter “0.”
Enter the number of units for 0-30% AMI
completed in the past five fiscal years.
Enter the number of 31-50% AMI units
completed in the past five fiscal years.
Enter the number of 51-60% AMI units
completed in the past five fiscal years.
Enter the number of 51-80% AMI units
completed in the past five fiscal years.
Enter the number of 81-120% AMI units
completed in the past five fiscal years.

Field Type

Response

Calculation

5 Fiscal Year Total
In an AED

5 Fiscal Year
Total Not in
an AED

5 Fiscal Year Total
TOTAL

Numeric

Numeric
Numeric
Numeric
Numeric
Numeric

This field will be auto-calculated.

AutoCalculated

This field will be auto-calculated.

AutoCalculated

This field will be auto-calculated.

AutoCalculated

_______

Auto-Calculated

_______

Auto-Calculated

_______

Auto-Calculated

_______

Auto-Calculated

_______

Auto-Calculated

_______

_______
AutoCalculated

Auto-Calculated

Auto-Calculated
Auto-Calculated

Auto-Calculated

Rental Housing Calculations
Percentage of rental Units Restricted to Very Low-Income and Below (60% of AMI and below)
Percentage of rental units located either in an Area of Economic Distress or High Opportunity Areas

CDFI FUND | CMF Application Template

AutoCalculated
AutoCalculated

Auto-Calculated
Auto-Calculated

Auto-Calculated
Auto-Calculated
Auto-Calculated

Table B1 – Track Record Housing Unit Production by Income Levels
AMIS Field Name

Question Tips

Field Type

Response

Calculation

5 Fiscal Year Total
In an AED

5 Fiscal Year
Total Not in
an AED

5 Fiscal Year Total
TOTAL

Homeownership Housing Calculations
Number of the Homeownership units located in Areas of Economic Distress restricted to Families with incomes above 80% and no greater
than 120% AMI
Number of the Homeownership units restricted to Low-Income Families (80% AMI and below)
Total Homeownership LI/AED Qualifying Units
Homeownership units restricted to LI (80% of AMI or below) AND Homeownership units located in AEDs restricted to Families with
incomes above 80% and no greater than 120% AMI (% of Total Homeownership Units)

CDFI FUND | CMF Application Template

Auto-Calculated
Auto-Calculated
Auto-Calculated
Auto-Calculated

Table B2: Projected Housing Units Production by Income Levels
Data entered in Table B2 should be based on the date the Project will achieve Project Completion. In this table, only provide data for activities that will be financed
and/or supported by the Applicant’s requested CMF Award that will achieve Project Completion by the end of the five-year Investment Period. Do not include data
on activities unrelated to the Applicant’s requested CMF Award.
Areas of Economic Distress (AED) are census tracts that meet specific criteria outlined in the Notice of Funds Availability (NOFA), based on statistics such as poverty,
households’ percentage of income spent on housing, housing vacancy rates, etc. The CDFI Fund publishes the data on which census tracts are designated as AED for
the current funding round as an Excel file on its website as part of the CMF Application Resources (https://www.cdfifund.gov/programstraining/Programs/cmf/Pages/apply-step.aspx#step2). AED data is also available through the CDFI Fund’s CDFI Information Mapping System (CIMS) tool.
Please note that the number of units projected in Areas of Economic Distress in this table should align with the percentages entered in Q.20(a) and/or Q.22(b).
The definition of High Opportunity Areas is provided in Question 20’s Questions Tips. Please note that the number of units projected in High Opportunity Areas in this
table should align with the percentages entered in Q.20(b.i) and Q.20(b.ii).
Note: Total Rental Housing Units and Total Homeownership Units entered in A2 must equal Total Rental Housing Units and Total Homeownership Units in B2.

If awarded, the Total CMF Units entered will be used to develop the PG&M in the Recipient’s Assistance Agreement.
NOTE: As defined in 1807.104 of the CMF Interim Rule (12 CFR Part 1807), Affordable Housing Activities means the Development, Preservation, Rehabilitation, and/or
Purchase of Affordable Housing, meaning that they comply with the affordability qualifications set forth for Eligible-Income Families. Also, per 12 CFR 1807.400, each
Recipient that uses its CMF Award for Affordable Housing Activities must ensure that 100% of Eligible Project Costs for such Affordable Housing Activities are
attributable to Affordable Housing; meaning, that they comply with the affordability qualifications for Eligible-Income Families (120% of AMI or below).
Table B2 – Projected CMF Unit Production by Income Level
AMIS Field Name

Question Tips

Field Type

Rental Housing
0-30% AMI Units

Enter the number of units for 0-30% AMI.

Numeric

31-50% AMI Units

Enter the number of 31-50% AMI units.

Numeric

51-60% AMI Units

Enter the number of 51-60% AMI units.

Numeric

61-80% AMI Units

Enter the number of 61-80% AMI units.

Numeric

CDFI FUND | CMF Application Template

Response

Calculation

5 Year Total
In an AED

5 Year Total
Not in an AED

5 Year Total
TOTAL

_______

AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated

Table B2 – Projected CMF Unit Production by Income Level

Response

Calculation

5 Year Total
In an AED

5 Year Total
Not in an AED

Enter the number of 81-120% AMI units.

Numeric

Total Rental Units

This field will be auto-calculated.

Percentage of Rental Units
Restricted to Very Low-Income
and Below

AutoCalculated

_______
AutoCalculated

5 Year Total
TOTAL
AutoCalculated
AutoCalculated

This field will be auto-calculated.

AutoCalculated

Enter the number of rental units in High Opportunity Areas
(HOA), inclusive of both the HFFA definition and CMF Expanded
HOA Criteria. This is a subset of Total Rental Housing Units. If an
HOA unit is located in an AED, it should be entered in the first
column ("In an AED"). If the HOA unit is not located in an AED, it
should be entered in the second column ("Not in an AED"). If
rental housing is not proposed, enter “0.”

Numeric
_______

_______

AutoCalculated

0-30% AMI Units

Enter the number of units for 0-30% AMI.

Numeric

_______

31-50% AMI Units

Enter the number of 31-50% AMI units.

Numeric

_______

51-60% AMI Units

Enter the number of 51-60% AMI units.

Numeric

_______

61-80% AMI Units

Enter the number of 61-80% AMI units.

Numeric

_______

81-120% AMI Units

Enter the number of 81-120% AMI units.

Numeric

This field will be auto-calculated.

AutoCalculated

_______
AutoCalculated

AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated

This field will be auto-calculated.

AutoCalculated

This field will be auto-calculated.

AutoCalculated

AMIS Field Name
81-120% AMI Units

Rental Units in High Opportunity
Areas (up to 120% AMI)

Homeownership Housing

Total Homeownership Units
Percentage of Homeownership
Units Restricted to Low-Income
and Below
All Housing
Total CMF Units

CDFI FUND | CMF Application Template

Question Tips

Field Type

Table B2 – Projected CMF Unit Production by Income Level
AMIS Field Name

Question Tips

Field Type

Rental Housing Calculations

Response

Calculation

5 Year Total
In an AED

5 Year Total
Not in an AED

5 Year Total
TOTAL

Percentage of rental CMF Units Restricted to Very Low-Income and Below (60% of AMI and below)
Percentage of rental CMF Units located either in an Area of Economic Distress or High Opportunity Areas
Homeownership Housing Calculations
Number of the proposed Homeownership CMF Units located in Areas of Economic Distress restricted to Families with incomes above 80% and no
greater than 120% AMI
Number of the proposed Homeownership CMF Units restricted to Low-Income Families (80% AMI and below)
Total Proposed Homeownership LI/AED Qualifying CMF Units
Proposed Homeownership CMF Units restricted to LI (80% of AMI or below) AND Homeownership units located in AEDs restricted to Families with
incomes above 80% and no greater than 120% AMI (% of Total Homeownership Units)
(This must equal value entered in Question 22(c))

CDFI FUND | CMF Application Template

AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated

Table C1: Track Record of Financing Activities/Products (to be completed by financing Entity approach Applicants only)
Table C1 is only applicable for financing Entity Approach Applicants and will not appear in AMIS for affordable housing developer/manager approach Applicants. The
table focuses only on the Applicant’s track record of providing financing to projects and should reflect dollar amounts that the Applicant has loaned or invested
directly to third party entities. The dollar amounts should reflect only the loans or equity investments made by the Applicant. Financing from third parties to projects
(e.g., LIHTC, project-specific grants or bank construction loans) should not be included in this table.
Data entered in Table C1 should be based on the date the financing transaction closed.
Table C1 – Track Record by Financing Activities/Products

AMIS Field Name

Predevelopment
Acquisition
Construction
Bridge Loans or Similar
Short Term
Permanent Financing
(1st)
Permanent Financing
(2nd or Lower)
Refinancing
Loan Loss Reserves or
Loan Guarantees
Equity
Down payment/Closing
Cost Assistance
Secondary Market
Mortgage Purchase
Total Financing
Deployment

Question Tips

Enter dollar amount loaned or invested for predevelopment for the past five fiscal
years.
Enter dollar amount loaned or invested for acquisition for the past five fiscal years.
Enter dollar amount loaned or invested for construction for the past five fiscal years.
Enter dollar amount loaned or invested for bridge loans or similar for the past five
fiscal years.
Enter dollar amount loaned or invested for permanent financing (1st lien) for the past
five fiscal years.
Enter dollar amount loaned or invested for permanent financing (2nd lien or lower) for
the past five fiscal years.
Enter dollar amount loaned or invested for refinancing for the past five fiscal years.
Enter dollar amount allocated for loan guarantees and/or loan loss reserves for the
past five fiscal years.
Enter dollar amount invested or invested as equity for the past five fiscal years.
Enter total dollar amount loaned, invested, or granted as down payment/closing costs
assistance for the past five fiscal years. Do not enter double enter data between this
category and the Permanent Financing (2nd or Lower) category.
Enter dollar amount of affordable housing mortgages, originated by third-party
lenders, purchased during the past five fiscal years.
Will sum automatically in AMIS.

CDFI FUND | CMF Application Template

Field Type

5 Year Total

Currency

$_______

Currency
Currency

$_______
$_______

Currency

$_______

Currency

$_______

Currency

$_______

Currency

$_______

Currency

$_______

Currency

$_______

Currency

$_______

Currency

$_______

Auto-Calculated

$_______

Table C2: Projected CMF Financing Activities/Products (to be completed by financing Entity approach Applicants only)
Table C2 is only applicable for financing Entity Approach Applicants and will not appear in AMIS for affordable housing developer/manager Applicants. Table C2
focuses only on the projected financing that the Applicant will provide to Projects as a result of the CMF Award. The dollar amounts should reflect only the loans or
equity investments projected to be made by the Applicant. Financing from third parties to Projects (e.g., LIHTC, project-specific grants or bank construction loans)
should not be included in this table.
Data entered in Table C2 should be based on the date the financing transaction will close.
Table C2 – Projected CMF Financing Activities/Products

AMIS Field Name

Predevelopment
Acquisition
Construction
Bridge Loans or Similar
Permanent Financing
(1st)
Permanent Financing
(2nd or Lower)
Refinancing
Loan Loss Reserves or
Loan Guarantees
Equity

Question Tips

Secondary Market
Mortgage Purchase

Enter projected dollar amount of financing for predevelopment for the next five years.
Enter projected dollar amount of financing for acquisition for the next years.
Enter projected dollar amount of financing for construction for the next five years.
Enter projected dollar amount of financing for bridge loans or similar for the next five years.
Enter projected dollar amount of financing for permanent financing (1st lien) for the next five
years.
Enter projected dollar amount of financing for permanent financing (2nd lien or lower) for the
next five years.
Enter projected dollar amount of refinancing activity for the next five years.
Enter projected dollar amount to be allocated for Loan Guarantees and/or Loan Loss
Reserves for the next five years.
Enter projected dollar amount of financing for equity investments for the next five years.
Enter total dollar amount loaned, invested, or granted as down payment/closing costs
assistance for the next five years. Do not enter double enter data between this category and
the Permanent Financing (2nd or Lower) category.
Enter the projected dollar amount of Secondary Market Mortgage Purchases for the next five
years.

Total Deployment

AMIS will sum the fields automatically.

Down payment/Closing
Cost Assistance

CDFI FUND | CMF Application Template

Field Type

5 Year Total

Currency
Currency
Currency
Currency

$_______
$_______
$_______
$_______

Currency

$_______

Currency

$_______

Currency

$_______

Currency

$_______

Currency

$_______

Currency

$_______

Currency

$_______

AutoCalculated

$_______

Appendix 3: Project Pipeline and Sources
Appendix 3a
In Appendix 3a, provide the requested information for the proposed pipeline of projects. Include at least two and up to eight projects. If you plan to use the Award to
only capitalize a Homeownership Program for Purchase (e.g., mortgage finance/down payment and/or closing cost assistance), complete the Homeownership
Program information in Project 1. Unless an Applicant intends to implement only a Homeownership Program, an Applicant should enter at least two pipeline projects.
However, Applicants with a single project in the pipeline are not precluded from applying. For pipelines which exceed eight projects or where not all projects have yet
been identified, provide estimated aggregate cost information on those projects in the “Total for Additional Projects” category. For each identified project, provide
the requested information. For all Economic Development Projects, please enter a zero (0) for Total CMF Units (120% AMI or below) field, as this column refers only
to Housing units.
For the Deal Stage, utilize the following guidelines when selecting from the drop-down menu:
• Inquiry: Initial discussion stage with interested potential borrowers or sellers.
• Initial Due-Diligence: Site control; property is under contract subject to contingencies, including due diligence, or is owned and subject to feasibility
determination.
• Underwriting/Securing Financing: The Project is being underwritten.
• Final Approvals/Closing: A large portion of the financing is committed; permits have been issued; or closing is imminent.
While the Applicant will not be held to financing the specific projects listed in the pipeline if selected to receive a CMF Award, please only describe projects in the
Applicant’s pipeline for which the Applicant realistically anticipates using the CMF Award.
•
•
•

If your organization is planning to provide mortgage assistance/Purchase assistance to homebuyers, you may list the Homeownership program as one
“project” in Appendix 3a.
If your organization is planning to use the CMF Award to finance/support Economic Development Activities, please ensure to include at least one project of
this type in the pipeline.
In the last column of the table, use the picklist to identify any other Federal grant or loan programs that are identified for the project.

Total Eligible Project Costs for the pipeline in this Appendix (displayed in the last row) must equal the value entered for Question 14.f.

CDFI FUND | CMF Application Template

Appendix 3a: Project Pipeline
Deal Stage
(Picklist:
Inquiry,
Initial DueDiligence,
Underwriting
/Securing
Financing, or
Final
Approvals/Cl
osing)

Total
CMF
Units
(120%
AMI or
below)

Total
Project
Costs

Eligib
le
Proje
ct
Costs

Project 1

Project 2

Project 3

Project 4

Project 5

Project 6

Project 7

Project 8
Total for
additional
projects, including
projects not yet
identified

AutoCalcula
ted

Auto
Calcu
lated

Pipeline/Uses

Project Name and
Description

Location (City,
State)

TOTALS

Project Type
(Picklist: HO/
Rental/
EDA)

Start
Year

Year
Compl
ete

Total
Units

AutoCalcula
ted

Eligible Project Cost per Unit – Homeownership

Auto-Calculated

Eligible Project Cost per Unit – Rental

Auto-Calculated

CDFI FUND | CMF Application Template

Other
Federal
Sources of
Funding
(Picklist)

Appendix 3b
In Appendix 3b, all anticipated sources of capital needed to finance Eligible Project Costs should be listed appropriately based on the status (i.e., “Sources
Secured/Received” or “Anticipated/Projected”). If the sources are unknown, indicate the estimated amount as “Other Private” or “Other Public.”
Financing sources should also be classified as either “Early Stage” and/or “Permanent.”
• “Early Stage” financing that is taken out by “Permanent” financing should be entered in both columns.
• If financing is “Early Stage” but converts to “Permanent” it should be listed only as “Permanent.”
• “Early Stage” financing will be netted out in the calculations of Net Secured Leverage, Net Anticipated Leverage, and Eligible Project Costs.
• Only the “Permanent” financing will equal the Net Secured Leverage, Net Anticipated Leverage, and Eligible Project Costs.
For example, a construction-to-permanent loan that provides $1 million in “Early Stage” financing and converts into a permanent mortgage, requires the Applicant to
enter this amount only under “Permanent” financing. However, if the $1 million is a construction-only loan (“Early Stage”) and is taken out by permanent financing,
then the $1 million would be entered under both “Early Stage” and “Permanent.” “Permanent” financing can exceed “Early Stage” financing, but not vice versa.
Eligible Project Costs should not exceed Total Development Costs. The Total Net Sources/Eligible Project Costs listed at the bottom of Appendix 3b must equal Total
Eligible Project Costs for the pipeline in Appendix 3a, as well as the Eligible Project Costs entered for Question 14.d. The Subtotal of Net Leveraged Capital – Private
must equal the Private Sources entered in Question 14.f. The Subtotal of Net Leveraged Capital – Public must equal the Private and Public Sources entered in
Question 14(g).

Appendix 3b: Sources
Early Stage
Financing or Loan
Loss
Reserve/Guarantee
$_______

CMF Award

Permanent
Financing

Total

$_______

Auto-Calculated

Short Term CMF Financing Repaid/Taken Out by
or before Permanent Financing

Auto-Calculated

Subtotal of Net CMF Financing

Auto-Calculated

Sources Secured or Received
Private Capital - Secured
Private Financial Institution Debt/Equity (Legal
Commitment or Received)

CDFI FUND | CMF Application Template

$_______

Auto-Calculated

Private Philanthropic/Foundation (Legal
Commitment or Received)
Debt or Equity from the Applicant/Affiliates
(Legal Commitment or Approval)
Low-Income Housing Tax Credit (Awarded)

$_______

Auto-Calculated

$_______

Auto-Calculated

$_______

Auto-Calculated

Tax Exempt Bonds (Issued)
Federal Home Loan Bank (Legal Commitment,
Awarded or Received)
State Tax Credits (Awarded)

$_______

Auto-Calculated

$_______

Auto-Calculated

$_______

Auto-Calculated

Other Private (Legal Commitment or Received)

$_______

Auto-Calculated

Federal Funding (other than CMF Award)

$_______

Auto-Calculated

State/Local Funding

$_______

Auto-Calculated

Public Capital - Secured

Subtotal of Secured Leverage
Secured Short Term Financing Repaid/Taken
Out by or before Permanent Financing

Auto-Calculated

Subtotal of Net Secured Leveraged Capital
Subtotal of Net Secured Leveraged CapitalPrivate
Subtotal of Net Secured Leveraged CapitalPublic
Sources Anticipated/Projected

Auto-Calculated
Auto-Calculated
Auto-Calculated

Private Capital – Anticipated/Projected
Private Financial Institution Debt/Equity

$_______

Auto-Calculated

Private Philanthropic/Foundation

$_______

Auto-Calculated

Debt or Equity from the Applicant/Affiliates

$_______

Auto-Calculated

Low-Income Housing Tax Credit (LIHTC)

$_______

Auto-Calculated

Tax Exempt Bonds

$_______

Auto-Calculated

Federal Home Loan Bank (FHLB)

$_______

Auto-Calculated

State Tax Credits

$_______

Auto-Calculated

Other Private

$_______

Auto-Calculated

CDFI FUND | CMF Application Template

Public Capital - Anticipated/Projected
Federal Funding (other than CMF Award)

$_______

Auto-Calculated

Reinvested CMF Award

$_______

Auto-Calculated

State/Local Funding

$_______

Auto-Calculated

Subtotal of Anticipated/Projected Leverage
Short Term Projected Financing Repaid/Taken
Out by or before Permanent Financing
Subtotal of Net Anticipated/Projected
Leveraged Capital
Subtotal of Net Anticipated/Projected
Leveraged Capital - Private
Subtotal of Net Anticipated/Projected
Leveraged Capital - Public
TOTAL SOURCES
TOTAL NET SOURCES/ELIGIBLE PROJECT COSTS
Subtotal of Net Leveraged Capital - Private
Subtotal of Net Leveraged Capital - Public

CDFI FUND | CMF Application Template

Auto-Calculated
Auto-Calculated
Auto-Calculated
Auto-Calculated
Auto-Calculated
Auto-Calculated
Auto-Calculated
Auto-Calculated

Appendix 3c
For prior CMF Award recipients, this information should pre-populate in AMIS with data from Appendix 3a of the most recently awarded CMF Application within the
past three CMF rounds. If the Applicant has not received an CMF Award in the past three CMF rounds, this table will not be applicable.
If any projects in Appendix 3c are also in Appendix 3a, please discuss in Q13 why a pipeline project for a prior CMF Award’s Application is being used as a pipeline
project for this Application.
Appendix 3c: Project Pipeline Presented in Prior Applications (CMF Award Recipients Only)
Total CMF
Units
(120% AMI
or below)

Eligible
Project
Costs

Project 1

Project 2

Project 3

Project 4

Project 5

Project 6

Project 7

Project 8
Total for
additional
projects,
including
projects not yet
identified

AutoCalculat
ed

AutoCalculate
d

TOTALS

CDFI FUND | CMF Application Template

Location
(City,
State)

Project Type
(Picklist: HO/
Rental/
EDA)

Total
Project
Costs

Pipeline/Uses

Project
Name and
Description

Deal Stage
(Picklist: Inquiry, Initial
Due-Diligence,
Underwriting/Securing
Financing, or Final
Approvals/Closing)

Start
Year

Year
Complete

Total
Units

AutoCalcul
ated

AutoCalculated

Prior
CMF
Applicati
on

Appendix 4: Secured Sources of Leveraged Capital
Complete the table for all sources (public and private) of secured Leverage Capital. The total "Dollar Amount Secured” must equal the “Subtotal of Net Secured
Leveraged Capital” in Appendix 3b. Similarly, the “Total Net Secured Leverage Capital – Private” and “Total Net Secured Leverage Capital – Public” in Appendix 4 must
be equal to the “Total Net Secured Leverage Capital – Private” and “Total Net Secured Leverage Capital – Public” in Appendix 3b. “Total Net Secured Leverage Capital
– Private” and “Total Net Secured Leverage Capital – Public” in Appendix 4 “Total Net Secured Leverage Capital – Private” and “Total Net Secured Leverage Capital –
Public” in Appendix 4.
Secured Sources of Leveraged Capital
Sources of Leverage

Name of Leverage Source

Related to
Applicant
(Picklist:
Yes/No)

Type of Financing
(Picklist:
Debt/Equity/Grant)

EnterpriseLevel
Leverage
Secured

Leverage Type
(Picklist:
Public/Private)

ProjectLevel
Leverage
Secured

Dollar
Amount
Secured
AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated
AutoCalculated

Source 1

Source 2

Source 3

Source 4

Source 5

Source 6

Source 7

Source 8

AutoCalculated

Total for additional
sources of secured
Leveraged Capital –
Private
Total for additional
sources of secured
Leveraged Capital Public

CDFI FUND | CMF Application Template

TOTALS

AutoCalculated

Subtotal of Net Secured Leverage Capital – Private
Subtotal of Net Secured Leverage Capital – Public

CDFI FUND | CMF Application Template

AutoCalculated
AutoCalculated
AutoCalculated

Appendix 5: Key Personnel
Applicants may enter up to 10 individuals related to the Applicant’s affordable housing activities (from the management team, staff, consultants, or
contractors) who are integral to the implementation of the Applicant’s CMF proposal. Do not include members of the Board of Directors, unless they
are involved in an integral way to the implementation of the proposed CMF Award. The CDFI Fund will only evaluate the 10 individuals entered in
the Key Personnel Appendix.
For Certified CDFI Depository Institution Holding Companies: If the Applicant is a Certified CDFI Depository Institution Holding Company that intends to
carry out the activities of a CMF Award through its Certified CDFI Subsidiary Insured Depository Institution, be sure to include information on key
personnel of the Certified CDFI Subsidiary Insured Depository Institution that will administer the CMF Award.
Key Personnel
AMIS Field Name
Name
Title

__________
__________

Firm

__________

Years in the Field

__________ years

Years with Applicant

__________ years

Position Held with
Applicant
(select all that apply)

Duties to be Performed for
the Applicant
(select all that apply)

CDFI FUND | CMF Application Template

Response

Executive Director or Equivalent
Chief Financial Officer or Equivalent
Loan / Investment Officer or Equivalent
Development Officer
Compliance Officer
Contracted Consultant
Other Key Management
Other Position Held with the Applicant
If Other, Please Specify ______________
Capital-raising
Asset Management (Loan Portfolio)
Asset Management (Property Portfolio)
Program Compliance

Question Tips
Enter the name of the key personnel.
Enter the title of the key personnel.
Enter the name of the firm with which the
key personnel is affiliated.
Enter the number of years key personnel
has worked in the field.
Enter the number of years key personnel
has worked for the Applicant.

Text
Text

Field Type

Text
Numeric
Numeric

Select more than one option if the person
had held or holds more than one position
with the Applicant.

Check Boxes

• Select the duties the individual will
perform relative to administering the
requested CMF Award.

Check Boxes

AMIS Field Name

Response
Real Estate Development
Construction Management
Sourcing/Loan Underwriting
Real Estate Finance
Property Management
Loan Servicing
Community Outreach
Legal Services
Other Duty
If Other Duty, please specify __________

Description of Key Staff
Qualifications

Narrative – 1,000 characters

Description of Individuals’
Role in Managing the CMF
Award

Narrative – 1,000 characters

CDFI FUND | CMF Application Template

Question Tips
• Select more than one option if the
person will perform more than one
duty.

Discuss the individual’s qualifications that
support his/her ability to perform his/her
duties in administering a CMF Award,
including their overall number of years of
experience with similar activities.
Discuss the individual’s planned role and
responsibilities in managing the CMF Award
if received.

Field Type

Narrative

Appendix 6: Previous CDFI Fund Awards/Allocations
The following information is for each of the prior CDFI Fund awards, allocations, and guarantees that the Applicant and/or any Affiliates have received
(as of the Application deadline) will be auto-populated by AMIS.
Previous CDFI Fund Awards/Allocations
AMIS Field Name
Response
Organization Name
__________
Year
yyyy
Program Name
__________
Award/Allocation Amount
$__________
Award Name
__________
Control Number
__________

Question Tips
Organization Name (Applicant and Affiliate(s), if applicable)
Year of the Award/Allocation
Name of CDFI Fund Program
Amount of the Award/Allocation
Award Name
Award/Allocation Control Number

Field Type
Auto-Calculated
Auto-Calculated
Auto-Calculated
Auto-Calculated
Auto-Calculated
Auto-Calculated

Previous CDFI Fund Bond Guarantee Program Loan Agreements
AMIS Field Name
Response
Organization Name
__________
Year
yyyy
Program Name
__________
Bond Guarantee Amount
$__________
Award Name
__________
Control Number
__________

Question Tips
Organization Name (Applicant and Affiliate(s), if applicable)
Year of the Award/Allocation
Name of CDFI Fund Program
Amount of the Bond Guarantee
Award Name
Bond Guarantee Control Number

Field Type
Auto-Calculated
Auto-Calculated
Auto-Calculated
Auto-Calculated
Auto-Calculated
Auto-Calculated

CDFI FUND | CMF Application Template

Appendix 7: Compliance Evaluation Questions
The following questions are used to calculate an Applicant’s Total Compliance Composite Score. To
produce a Total Compliance Composite Score, the CDFI Fund’s Application Assessment Tool (AAT) uses
responses provided by each Applicant in the compliance questions, as well as information in an
Applicant’s reporting history, reporting capacity, and performance risk with respect to the CDFI Fund’s
Performance Goals and Measures (PG&Ms). The purpose of this evaluation is to ensure Applicants do
not have major internal management or compliance concerns.
In addition to the questions listed below, information from the Applicant’s prior PG&Ms (where
applicable) will be used as part of the calculation of a Total Compliance Composite Score.
Please note: The below table is provided as a guide for Applicants as you complete the compliance
evaluation questions. The question order will vary for each Applicant depending upon whether you are
a prior or current Award Recipient and your answers to certain evaluation questions.

Compliance Evaluation Questions
Compliance Evaluation
Question

If Required,
Narrative
Character Limit

Answers

Note

Note: All written justifications for Compliance Questions have a 1,500 character limit, except Questions C5.1, C5.2, C6.1, C7.1,
and/or C.16, which have a combined 5,000 character limit and are to be provided in the “Conditionally Required Responses”
text box.
C1
Does the Applicant generate
1,500 character
• Annual externally
externally reviewed, regulator
limit
reviewed financial
reviewed, or audited financial
statements
statements annually?
• Annual regulator
reviewed financial
statements
• Annual audited financial
statements
• None of the above

CDFI FUND | CMF Application Template

Compliance Evaluation
Question
C2

Describe any audit findings for
the Applicant or any of its
Affiliates or parent company
from the last three fiscal years
and how the Applicant
addressed them (this includes
material and non-material
findings). Regulated Institutions
should include any Matters
Requiring Attention (MRA) or
Documents of Resolution
(DOR). Applicants that do not
identify qualified audit opinions
at the time of Application and
are later determined to have
withheld this information from
the CDFI Fund either
intentionally or inadvertently
will be evaluated negatively.

What kind of accounting system
does the Applicant use to
manage its portfolio?

If Required,
Narrative
Character Limit
1,500 character
limit

Answers
•
•

•
•
•
•

•

1,500 character
limit

•
1,500 character
limit

•
•

Yes
No

N/A

•
•

Yes
No

5,000 character
limit total
(combined for
questions C5.1,
C5.2, C6.1, C7.1,
and/or C16.1 )

•
•

Yes;
No (Provide explanation
in the "Conditionally
Required Responses"
text box at bottom of
this page)
N/A

•

C5.1

Are externally reviewed
financial statements or audited
financial statements completed
annually within 180 days of the
fiscal year end?
Has the Applicant received any
Federal, state, or local
government financial assistance
in the last ten fiscal years ?
If the Applicant has received
Federal, state, or local
government assistance in the
last ten fiscal years, does the
Applicant maintain a record of
all Federal, state, or local
government assistance
received?

CDFI FUND | CMF Application Template

Not applicable
0 qualified opinions,
adverse opinions, audit
findings, or
MRAs/DORs/EAs/LUAs,
etc.
2 or more qualified
opinions
1 audit finding
2 or more audit findings
1 adverse opinion,
MRAs/DORs/EAs/LUAs,
etc. (for regulated
institutions)
2 or more adverse
opinions,
MRAs/DORs/EAs/LUAs,
etc. (for regulated
institutions)
No system
Paper-based system
Microsoft Excel-based
system
Enterprise accounting
software
Other

•
•
•

•

Note

Conditionally Required may not be visible to all
Applicants

Compliance Evaluation
Question
C5.2

C6.1

C7.1

If the Applicant has received
Federal government assistance
that required a Single Audit (A133) report in the last ten fiscal
years, has the Applicant
submitted a Single Audit (A133) to the Federal agencies
from which it has received
Federal financial assistance in
the last ten fiscal years?
Does the Applicant have formal
and written policies and
procedures for complying with
and completing Federal, state,
or local government financial
assistance agreement
requirements?
If the Applicant has not yet
established policies and
procedures to comply with
Federal, state, or local
government financial assistance
reporting requirements, how
long will the Applicant need to
do so?

Does the Applicant maintain
staff whose roles and
responsibilities include
complying with and completing
Federal, state, or local
government financial assistance
requirements?
If the Applicant does not
maintain staff, is the Applicant
prepared to designate these
responsibilities to specific staff
members, should it receive an
award?

Has the Applicant defaulted on
any Federal credit instrument in
the last ten fiscal years?

CDFI FUND | CMF Application Template

If Required,
Narrative
Character Limit
5,000 character
limit total
(combined for
questions C5.1,
C5.2, C6.1, C7.1,
and/or C16.1)

Answers

•

Yes
No (Provide explanation
in the "Conditionally
Required Responses"
text box at bottom of
this page)
N/A

N/A

•
•

Yes
No

5,000 character
limit total
(combined for
questions C5.1,
C5.2, C6.1, C7.1,
and/or C16.1)

•
•
•
•

N/A
6 months or less
1 year or less
More than 1 year (if
needed, provide
explanation in the
“Conditionally Required
Responses” text box at
bottom of this page.)

N/A

•
•

Yes
No

5,000 character
limit total
(combined for
questions C5.1,
C5.2, C6.1, C7.1,
and/or C16.1)

•
•

•

Yes
No (Provide explanation
in the “Conditionally
Required Responses”
text box at bottom of
this page.)
N/A

•
•

Yes
No

1,500 character
limit

•
•

Note
Conditionally Required may not be visible to all
Applicants

Conditionally Required may not be visible to all
Applicants

Compliance Evaluation
Question
C9

C10

C11

C12

C13

C14

C15

Has the Applicant failed to
expend any award funds in a
timely manner as required by
any of Federal, state, or local
government agreements, or
contracts, in the last ten fiscal
years?
Has the Applicant developed
formal and written policies and
procedures to oversee the
quality of its investments and
loan portfolio?
Has the Applicant had a tax lien
imposed in the last ten fiscal
years, due to delinquent taxes
or failure to pay taxes owed by
the entity?
Has the Applicant or any of its
Affiliates or parent company
filed bankruptcy over the last
ten fiscal years? If so, please
describe the circumstances and
current status.
If the Applicant is a prior or
current Award Recipient, does
the Applicant have policies and
procedures in place to notify its
Board of Directors or governing
body of new and existing
Federal, state, or local
government requirements? If
no, please describe.
If the Applicant is a prior or
current award Recipient, is the
Applicant required to measure
and report on progress toward
its Performance Goals and
Measures (PG&Ms) to the
Applicant's Board of Directors
or governing body at least
annually?
If the Applicant is a prior or
current award Recipient, how
frequently is the Applicant
required by its policies and
procedures to self-evaluate and
track performance on PG&Ms?

CDFI FUND | CMF Application Template

If Required,
Narrative
Character Limit

Answers

Note

1,500 character
limit

•
•

Yes
No

1,500 character
limit

•
•

Yes
No

1,500 character
limit

•
•

Yes
No

1,500 character
limit

•
•

Yes
No

1,500 character
limit

•
•
•

Yes
No
N/A

Conditionally Required
if prior or current CDFI
Fund Recipient

1,500 character
limit

•
•
•

Yes
No
N/A

Conditionally Required
if prior or current CDFI
Fund Recipient

1,500 character
limit

•

Annually or more
frequently
Less than once per year
Not required

Conditionally Required
if prior or current CDFI
Fund Recipient

•
•

Compliance Evaluation
Question
C16

Does the Applicant have
financial covenants or other
performance requirements with
third-party funders?

If Required,
Narrative
Character Limit
N/A

Answers
•

•

C16.1

If the Applicant has financial
covenants or requirements with
third-party funders, how
frequently does the Applicant
internally measure and report
compliance?

5,000 character
limit total
(combined for
questions C5.1,
C5.2, C6.1, C7.1,
and/or C16.1)

•
•
•
•

•

CDFI FUND | CMF Application Template

Note

The Applicant has
accepted funding that
included financial
covenants or
performance
requirements from
third-party funders
The Applicant has not
accepted funding that
included financial
covenants or
performance
requirements from
third-party funders
The Applicant does not
have any 3rd party
funders
More frequently than
annually
Annually
Less frequently than
annually
Not internally
monitored or reported
by the Applicant (If
needed, provide
explanation in the
"Conditionally Required
Responses" text box at
bottom of this page.)
N/A

Conditionally Required may not be visible to all
Applicants

Compliance Evaluation
Question
C17

C18

C19

C20

Indicate if the Applicant has
ever formally defaulted on any
outstanding debt in the last ten
fiscal years. Applicants must
verify this information correctly
in this Application question.
Applicants that do not identify
defaulted debt at the time of
application and are later
determined to have withheld
this information from the CDFI
Fund either intentionally or
inadvertently will evaluated
negatively. If yes, provide a
narrative explaining the
situation and how it was
remedied. Identify when the
default occurred.
Does the Applicant's
information technology
infrastructure support an
accounting system?
Does the Applicant have a
delinquent loan management
policy?
In its last fiscal year, has the
Applicant had one or more
missed or overdue payments to
any of its funders?

CDFI FUND | CMF Application Template

If Required,
Narrative
Character Limit

Answers

1,500 character
limit

•
•

Yes
No

1,500 character
limit

•
•

Yes
No

1,500 character
limit

•
•

Yes
No

1,500 character
limit

•
•

Yes
No

Note

Appendix 8: Application Financial Data
•

An Applicant must provide data for the three (3) most recent historic fiscal years prior to the publication date of the Notice of Fund Availability (NOFA) for
which the Applicant has audited financial statements. For Certified CDFI Depository Institutions Only: Call Reports may be submitted in lieu of financial
statements.

•

Data entered must be for the Applicant and Subsidiaries, if applicable. It should not include data for Affiliates that are not wholly controlled.

•

When entering data, ensure that the ‘Financial Data-3’ column contains financial data for the most recent historic fiscal year as listed in the second row.
Data for the next most recent historic fiscal year is entered in the ‘Financial Data-2’ column. Data for the third most recent historic fiscal year should be
entered in the ‘Financial Data-1’ column.

•

Financial data may be provided on a consolidated or unconsolidated basis. However, the table should not include data for Affiliates that are not wholly
controlled. Data entered should match the audited financial statements.

•

Definitions for the relevant terms are listed in Tables D, E, and F below.

•

For any items where a timing dependent valuation is required, that valuation should be based on the appropriate fiscal year end date.

•

For Certified CDFI Depository Institution Holding Companies Only: If the Applicant is a Certified CDFI Depository Institution Holding Company that intends
to carry out the activities of a CMF Award through its Certified CDFI Subsidiary Insured Depository Institution, it must enter the financial data for the
Certified CDFI Subsidiary Insured Depository Institution that will administer the CMF Award in Tables D and E.

•

Affordable housing developer/manager approach Applicants may enter zero ($0) in the fields that are only required for financing Entity Approach
Applicants in Table D, as AMIS requires that data be entered in these fields.

Note: For any item that is listed where your organization has no data, you must enter the number zero (0). AMIS will return a red error message if the required
response to a field is not provided.
Table D – Applicant Financial Data
AMIS Field Name

Required
For
All
Applicants

Responses (by Fiscal Year)
Financial
Financial
Financial
Data-1
Data-2
Data-3
AutoAutoAutogenerated
generated
generated

Question Tips

Field Type

Fiscal Year

Auto-populated based on the information entered at the
creation of the application.

Autogenerated

Financial Data Type

Select whether the financial information provided is
Audited or Unaudited.

Picklist

All
Applicants

Audited or
Unaudited

Financial Data
Consolidation

Select whether the financial data is on Consolidated or
Unconsolidated basis.

Picklist

All
Applicants

Consolidated or
Unconsolidated

Single Audit Required?

Indicate whether the Applicant or its Affiliates were
required to have a Single Audit completed in each of the
Fiscal Years per 2 CFR 200.501.

Picklist

All
Applicants

Yes or No

CDFI FUND | CMF Application Template

Table D – Applicant Financial Data
AMIS Field Name

Question Tips

Responses (by Fiscal Year)
Financial
Financial
Financial
Data-1
Data-2
Data-3

Field Type

Required
For

Currency

All
Applicants

$______

Currency

All
Applicants

$______

Currency

Financing
Entities
Approach

$______

Currency

All
Applicants

$______

Currency

Financing
Entities
Approach

$______

Currency

All
Applicants

$______

Currency

All
Applicants

$______

Currency

All
Applicants

$______

Assets
Cash Restricted for
Operations ($)
Unrestricted Cash & Cash
Equivalents ($)
Other Real Estate Owned
(OREO) ($)

Current Assets ($)

Allowance for Loan and
Lease Losses ($)
Total Assets ($)

The dollar amount of cash, if any, restricted by an
organization to fund its operations. Restricted cash
appears noted on an organization’s balance sheet as
either "restricted cash" or as "other assets" restricted for
operations.
The value of unencumbered assets that are cash or can
be converted into cash within three months, such as
bank accounts or marketable securities.
In general, real estate, including capitalized and
operating leases, that is acquired through any means, in
full or partial satisfaction of a debt previously
contracted.
Current Assets are cash and other assets/resources
commonly identified as those which are reasonably
expected to be realized in cash or sold or consumed
during the normal operating cycle of the business (or
one year, whichever is longer).
Account value for unidentified Loan or Investment
losses, inclusive of depository loss reserve as of the
reporting period end. This appears as a contra asset on
the balance sheet. Note, this field should be entered as a
positive number.
The total value of the sum of all assets (current and noncurrent).

Liabilities
Total Current Liabilities
($)
Total Liabilities ($)

The total value of debts, obligations, and payables due
within 12 months. Current liabilities include, but are not
limited to, short-term debt, accounts payable, accrued
liabilities and other debts.
The total value of short-term and long-term outstanding
debts, obligations, and payables.

Net Assets (Net Worth)

CDFI FUND | CMF Application Template

Table D – Applicant Financial Data
AMIS Field Name
Unrestricted Net Assets
($)

Total Net Assets or Equity
($)

Net Worth (Credit Union
Applicants Only) ($)
Tier 1 Capital (Bank
Applicants Only) ($)
Available Financing
Capital ($)

Total Financing Capital ($)

Question Tips
The portion of Net Assets that is neither permanently
restricted nor temporarily restricted by donor-imposed
stipulations. Board designated unrestricted net assets
should be considered Unrestricted Net Assets for the
purposes of this Application.
Equal to Total Assets minus Total Liabilities as reported
in an organization's balance sheet.
Credit Unions and Bank Applicants: Enter “0” and
complete Net Worth (Credit Unions) or Tier 1 Capital
(Banks) as appropriate.
As defined by the appropriate Federal or state regulating
agency.
In general, this term is used by financial institution
regulators to assess capital adequacy and may include
common Equity, noncumulative perpetual preferred
stock, minority interests in consolidated Subsidiaries,
less goodwill and other ineligible, intangible assets.
Assets that can be used for lending and Equity
Investments that have not already been committed,
disbursed, or restricted for other purposes.
All capital either currently available or currently in use
for financing activities. Note: This data point includes
“Available Financing Capital” and therefore should be
equal to or greater than the value entered for “Available
Financing Capital ($).”

Responses (by Fiscal Year)
Financial
Financial
Financial
Data-1
Data-2
Data-3

Field Type

Required
For

Currency

All
Applicants

$______

Currency

All
Applicants

$______

Currency

Credit
Union
Applicants

$______

Currency

Bank
Applicants

$______

Currency

Financing
Entities
Approach

$______

Currency

Financing
Entities
Approach

$______

Currency

Financing
Entities
Approach

$______

Currency

All
Applicants

$______

Revenue and Expenses
Interest Revenue ($)
Fee/Rental Revenue ($)

A financial measure calculated as the sum of money the
institution earns in interest on its assets (commercial
loans, personal mortgages, etc.). This figure is calculated
by adding up the amount of interest earned on assets.
Revenue generated from fees collected for services that
are associated with an organization's mission. If the

CDFI FUND | CMF Application Template

Table D – Applicant Financial Data
AMIS Field Name

Earned Revenue ($)
Operating Revenue ($)
Government Grants ($)
Total Revenue ($)
Interest Expense ($)

Operating Expense ($)

Non-cash Expenses ($)

Total Expenses ($)

Gross Income ($)

Question Tips
organization earns revenue from the rental of real
property, include that amount here as well.
Revenue generated by assets and activities, excluding
grants and contributions.
Revenue generated by assets and activities, including
grants and contributions.
Financial assistance provided by Federal, State, and local
agencies to carry out a public purpose authorized by law,
not including subsidies, Loans, Loan Guarantees, or
insurance.
The total value of revenue from all sources within the
current operating cycle.
The cost incurred by an entity for borrowed funds. It is
essentially calculated as the interest rate times the
outstanding principal amount of the debt.
Expenses related to everyday business operations, such
as staff salaries, professional fees, and any other
expenses directly related to the organization’s business
operations.
Non-cash expenses are “paper” expenses and do not
involve an outflow of cash. Such non-cash expenses
include depreciation expense and allowance for loan and
lease losses expense on the income statement.
The total value of all operational and non-operational
expenses (including Interest, financing cost,
depreciation, amortization, and loan loss provision)
incurred during the current reporting period, not
including provision for income tax.
Total Revenue minus Total Expenses

CDFI FUND | CMF Application Template

Field Type

Currency
Currency
Currency
Currency
Currency

Required
For
All
Applicants
All
Applicants
All
Applicants
All
Applicants
Financing
Entities
Approach

Responses (by Fiscal Year)
Financial
Financial
Financial
Data-1
Data-2
Data-3

$______

Currency

All
Applicants

$______

Currency

All
Applicants

$______

Currency

All
Applicants

$______

Currency

All
Applicants

AutoCalculated

Table E – Loan/Equity Portfolio (Required for financing Entity Approach)
The data entered in items for the “On-Balance Sheet” data fields in Table E must be for the loan/investment portfolio maintained on the balance sheet of the
Applicant. If the Applicant is a Certified CDFI Depository Institution Holding Company that intends to carry out the activities of a CMF Award through its
Certified CDFI Subsidiary Insured Depository Institution, it should provide data on the loan/investment portfolio maintained on the balance sheet of its
Certified CDFI Subsidiary Insured Depository Institution that will administer the CMF Award. When entering data, ensure that the ‘Financial Data-3’ column
contains financial data for the most recent historic fiscal year as listed in the second row. Data for the next most recent historic fiscal year is entered in the
‘Financial Data-2’ column. Data for the third most recent historic fiscal year should be entered in the ‘Financial Data-1’ column.
AMIS Note: This table is not required for affordable housing developer/manager approach Applicants and will not appear in the AMIS Application for these
Applicants.
Table E – Loan/Equity Portfolio
AMIS Field Name

Question Tips

Field Type

Required For

Autogenerated

Applicants
with a
financing
Entity
Approach

Currency

Applicants
with a
financing
Entity
Approach

Loan and Investment Portfolio
Fiscal Year

Auto-populated based on the information entered at the creation
of the application.

Total On-Balance Sheet
Loan Portfolio ($)

The gross dollar amount ($) of loans receivable as reported in an
organization’s statement of financial condition or balance sheet.
Gross loans receivable are the principal amount of loans
receivable held by an organization that represents the amount
still owed to the organization by its borrowers, without giving
effect to any allowance for the collectability thereof (i.e., before
loan loss reserves are calculated).

CDFI FUND | CMF Application Template

Responses (by Fiscal Year)
Financial
Financial
Financial
Data-1
Data-2
Data-3
Autogenerated

Autogenerated

$______

Table E – Loan/Equity Portfolio
AMIS Field Name

Question Tips

Total On-Balance Sheet
Loan Portfolio (#)

The total number (#) of loans receivable as reported in an
organization’s statement of financial condition or balance sheet.

Commitments ($)

The total dollar amount ($) of loan or Equity Investment
commitments made by an organization to borrowers or investees
that have not yet been disbursed, but for which the organization
has reserved cash, cash equivalents, or other assets to fund at a
later date (e.g., a loan that is closed but not yet disbursed, a loan
that has been provisionally approved but will not be closed or
disbursed until a borrower meets certain terms and conditions; a
loan that has been approved by a loan committee, but not yet
closed).

Field Type

Required For

Numeric

Applicants
with a
financing
Entity
Approach

Currency

Commitments (#)

The number (#) of loan or Equity Investment commitments.

Numeric

Total Charge-offs ($)

The dollar amount ($) of a receivable, primarily a loan, that has
been determined to be a loss or non-recoverable during the
repayment cycle and that has been taken off the balance sheet as
a loss during the reporting period and a direct reduction of the
carrying amount of a financial asset measured at amortized cost
resulting from the inability to collect the asset. A financial asset is
considered uncollectible if the entity has no reasonable
expectation of recovery.

Currency

CDFI FUND | CMF Application Template

Applicants
with a
financing
Entity
Approach

Applicants
with a
financing
Entity
Approach
Applicants
with a
financing
Entity
Approach

Responses (by Fiscal Year)
Financial
Financial
Financial
Data-1
Data-2
Data-3

_______

$______

Table E – Loan/Equity Portfolio
AMIS Field Name

Total Charge-offs (#)

Question Tips

The total number (#) of receivables, primarily loans, that have
been determined to be a loss or non-recoverable during the
repayment cycle and that have been taken off the balance sheet
as a loss during the reporting period.

Field Type

Required For

Numeric

Applicants
with a
financing
Entity
Approach

Charge-off Rate (%)

Total Charge Offs ($)/Total on Balance Sheet Loan Portfolio ($)

Currency

Troubled Debt
Restructuring ($)

The total dollar amount ($) of all debt restructured during the
reporting period by a creditor for economic or legal reasons
related to the debtor’s financial difficulties and/or inability to pay
and perform as agreed.

Currency

Troubled Debt
Restructuring (#)

The total number (#) of debt instruments restructured during the
reporting period by a creditor for economic or legal reasons
related to the debtor’s financial difficulties and/or inability to pay
and perform as agreed.

Numeric

Troubled Debt
Restructuring Rate (%)

Troubled Debt Restructuring ($) / Total on Balance Sheet Loan
Portfolio ($)

Currency

Recoveries ($)

The total dollar amount ($) of all gross recoveries on charged-off
loans, less any related expenses, collected during the current
reporting period.

Currency

CDFI FUND | CMF Application Template

Applicants
with a
financing
Entity
Approach
Applicants
with a
financing
Entity
Approach
Applicants
with a
financing
Entity
Approach
Applicants
with a
financing
Entity
Approach
Applicants
with a
financing
Entity
Approach

Responses (by Fiscal Year)
Financial
Financial
Financial
Data-1
Data-2
Data-3

_______

AutoCalculated

$______

_______

AutoCalculated

$______

Table E – Loan/Equity Portfolio
AMIS Field Name

Question Tips

Field Type

Recoveries (#)

The total number (#) of loans with gross recoveries collected
during the current reporting period.

Numeric

Loans 90 Days (or more)
Past Due ($)

The total dollar amount ($) of all loans 90 or more days past due.
Loans should be considered past due if any part of the payment is
past due.

Currency

Loans 90 Days (or more)
Past Due (#)

The total number (#) of all loans 90 or more days past due. Loans
should be considered past due if any part of the payment is past
due.

Numeric

Loans Delinquent 61 to 89
days ($)

The total dollar amount ($) of all loans 61 to 89 days past due.
Loans should be considered past due if any part of the payment is
past due.

Currency

Loans Delinquent 61 to 89
days (#)

The total number (#) of all loans 61 to 89 days past due. Loans
should be considered past due if any part of the payment is past
due.

Numeric

Delinquency Rate (%)

Loans 90 Days or more Past Due ($)/Total on Balance Sheet Loan
Portfolio ($)

Numeric

CDFI FUND | CMF Application Template

Required For
Applicants
with a
financing
Entity
Approach
Applicants
with a
financing
Entity
Approach
Applicants
with a
financing
Entity
Approach

Applicants
with a
financing
Entity
Approach

Applicants
with a
financing

Responses (by Fiscal Year)
Financial
Financial
Financial
Data-1
Data-2
Data-3
_______

_______

$______

_______

$______

_______

AutoCalculated

Table E – Loan/Equity Portfolio
AMIS Field Name

Question Tips

Field Type

Total Equity Investments
Portfolio ($)

The total dollar amount ($) of Equity Investments held by an
organization in portfolio companies in which it owns stock or
other forms of ownership interest. Total Equity Investment
portfolio should reflect the valuation of the organization’s
interests after making adjustments for any investment gains or
losses.

Currency

Total Equity Investments
Portfolio (#)

The total number (#) of Equity Investments held by an
organization in portfolio companies in which it owns stock or
other forms of ownership interest.

Numeric

CDFI FUND | CMF Application Template

Required For
Entity
Approach
Applicants
with a
financing
Entity
Approach
Applicants
with a
financing
Entity
Approach

Responses (by Fiscal Year)
Financial
Financial
Financial
Data-1
Data-2
Data-3

$______

Table F– Property Portfolio (Required for affordable housing developer/manager approach)
Applicants with an affordable housing developer/manager Entity Approach will enter their property portfolio data in Table F for the three most recent historic
fiscal years prior to the publication date of the applicable NOFA. When entering data, ensure that the ‘Financial Data-3’ column contains financial data for the
most recent historic fiscal year as listed in the second row. Data for the next most recent historic fiscal year is entered in the ‘Financial Data-2’ column. Data for
the third most recent historic fiscal year should be entered in the ‘Financial Data-1’ column.
AMIS Note: This table is not required for financing Entity Approach Applicants and will not appear in the AMIS Application for these Applicants.
Table F – Property Portfolio (Developers of Rental and/or Homeownership Property)
AMIS Field
Question Tips
Field Type
Name
Fiscal Year
Auto-populated based on the information entered
Autoat the creation of the Application.
generated

Total Number of
Properties

The total number of properties in the Applicant’s
rental property portfolio.

Numeric

Total Number of
Units in the
Portfolio

The total number of units in the Applicant’s rental
property portfolio.

Numeric

Average
Vacancy Rate
for Portfolio

Average annual vacancy rate for all units in
Applicant’s rental property portfolio.
Calculation: number of vacant units divided by total
number of units.

Total
Percentage of
Rent Collected
for Portfolio

Percentage of rent collected for the entire rental
property portfolio. Calculation: total rent collected
divided by gross rental revenue due.

CDFI FUND | CMF Application Template

Percentage

Required For
Applicants with an
affordable housing
developer Entity
Approach and Rental
portfolio
Applicants with an
affordable housing
developer Entity
Approach and Rental
portfolio
Applicants with an
affordable housing
developer Entity
Approach and Rental
portfolio
Applicants with an
affordable housing
developer Entity
Approach and Rental
portfolio
Applicants with an
affordable housing
developer Entity
Approach and Rental
portfolio

Responses (by Fiscal Year)
Financial
Financial
Data-1
Data-2
AutoAutogenerated
generated

Financial
Data-3
Autogenerated

_______

_______%

100

Table F – Property Portfolio (Developers of Rental and/or Homeownership Property)
AMIS Field
Question Tips
Field Type
Name
Total NOI for
Portfolio

Total annual Net Operating Income (NOI) for the
entire rental property portfolio.
Calculation: total income minus total operating
expenses.

Currency

Total DCR for
Portfolio

Annual debt coverage ratio (DCR) for the entire
rental property portfolio. Calculation: NOI divided
by total debt service costs.

Numeric

Total Properties
with HUD REAC
Score Below 60

Total number of properties in the portfolio subject
to HUD Real Estate Assessment Center (REAC)
inspection with scores below 60.

Numeric

Total Debt ($)

Total amount ($) of permanent debt on all
properties held by the Applicant

Currency

Total Debt (#)

Total amount (#) of permanent debt on all
properties held by the Applicant

Numeric

Debt
Delinquent 90
Days (or more)
Past Due ($)

The total dollar amount ($) of all debt 90 or more
days past due. Loans should be considered past due
if any part of the payment is past due.

CDFI FUND | CMF Application Template

Currency

Required For
Applicants with an
affordable housing
developer Entity
Approach and Rental
portfolio
Applicants with an
affordable housing
developer Entity
Approach and Rental
portfolio
Applicants with an
affordable housing
developer Entity
Approach and Rental
portfolio
Applicants with an
affordable housing
developer Entity
Approach and Rental
and/or Homeownership
portfolio
Applicants with an
affordable housing
developer Entity
Approach and Rental
and/or Homeownership
portfolio
Applicants with an
affordable housing
developer Entity
Approach and Rental
and/or Homeownership
portfolio

Responses (by Fiscal Year)
Financial
Financial
Data-1
Data-2

Financial
Data-3

$______

_______

$______

_______

$______

101

Table F – Property Portfolio (Developers of Rental and/or Homeownership Property)
AMIS Field
Question Tips
Field Type
Name
Debt
Delinquent 90
Days (or more)
Past Due (#)

Debt
Delinquent 61
to 89 days ($)

Debt
Delinquent 61
to 89 days (#)

Replacement
Reserves ($)

The total number (#) of debt 90 or more days past
due. Loans should be considered past due if any part
of the payment is past due.

The total dollar amount ($) amount of all debt 61 to
89 days past due. Loans should be considered past
due if any part of the payment is past due.

The total number (#) of all debt 61 to 89 days past
due. Loans should be considered past due if any part
of the payment is past due.

The total amount ($) of reserves dedicated to
replacement across portfolio.

Numeric

Currency

Numeric

Currency

Homeownershi
p Units Under
Construction
During FY (#)

The total number (#) of Homeownership units under
construction During the fiscal year.

Numeric

Homeownershi
p Units
Completed
During FY (#)

The total number (#) of Homeownership units under
completed during the fiscal year.

Numeric

CDFI FUND | CMF Application Template

Required For
Applicants with an
affordable housing
developer Entity
Approach and Rental
and/or Homeownership
portfolio
Applicants with an
affordable housing
developer Entity
Approach and Rental
and/or Homeownership
portfolio
Applicants with an
affordable housing
developer Entity
Approach and Rental
and/or Homeownership
portfolio
Applicants with an
affordable housing
developer Entity
Approach and Rental
portfolio
Applicants with an
affordable housing
developer Entity
Approach and
Homeownership portfolio
Applicants with an
affordable housing
developer Entity
Approach and
Homeownership portfolio

Responses (by Fiscal Year)
Financial
Financial
Data-1
Data-2

Financial
Data-3

_______

$______

_______

$______

_______

102

Table F – Property Portfolio (Developers of Rental and/or Homeownership Property)
AMIS Field
Question Tips
Field Type
Name
Homeownershi
p Units Sold
During FY (#)
Homeownershi
p Units in
Unsold
Inventory at FYE
(#)
Average
Number of Days
on Market for
Homeownershi
p Units Sold (#)

The total number (#) of Homeownership units sold
during the fiscal year.

Numeric

The total number (#) of Homeownership units in
unsold inventory at fiscal year-end.

Numeric
Numeric

The average number of days on market for all
Homeownership units sold during the fiscal year.

CDFI FUND | CMF Application Template

Required For
Applicants with an
affordable housing
developer Entity
Approach and
Homeownership portfolio
Applicants with an
affordable housing
developer Entity
Approach and
Homeownership portfolio
Applicants with an
affordable housing
developer Entity
Approach and
Homeownership portfolio

Responses (by Fiscal Year)
Financial
Financial
Data-1
Data-2

Financial
Data-3

_______

103

Appendix 9: AMIS Application Attachments
The following documents must be submitted as attachments as part of the Applicant’s AMIS Application.
Please note that different Applicant types have different required attachments. Be sure to attach all
required documents for your Applicant type or AMIS may prevent you from submitting the Application.
AMIS APPLICATION ATTACHMENTS
Audited Financial Statements (two (2) most recent historic fiscal
years prior to the publication date of the NOFA).
•

Data in the audited financial statements should correspond
with the data entered in Appendix 8 Tables D and E.

•

If the Applicant is a Certified CDFI Depository Institution, it
may submit call reports. If the Applicant is a Certified CDFI
Depository Institution Holding Company that intends to carry
out the activities of a CMF Award through its Certified CDFI
Subsidiary Insured Depository Institution, it must submit call
reports for the Certified CDFI Subsidiary Insured Depository
Institution that will administer the CMF Award.

•

Required for All Applicants

If the Applicant fails to submit audited financial statements
encompassing its two most recent historic fiscal years prior
to the publication date of the NOFA, its Application will be
deemed incomplete and ineligible.

Any management letter related to the audited financial
statements for the two most recent historic fiscal years as of the
date of the NOFA
•

If no Management Letter was issued for either of the two
most recent historic fiscal years, the Applicant will complete
an attestation in the Application in lieu of attaching a
separate statement.

State charter, articles of incorporation, or other establishing
documents designating that the Applicant is a Nonprofit or notfor-profit entity under the laws of the organization’s state or
Indian Tribe of formation
•

If your organization has changed its name from its original
Nonprofit determination, documentation showing the legal
name change should also be submitted.

Required for all Applicants

Required only for Applicants that
are not Certified CDFIs

A certification or determination letter demonstrating tax-exempt
status from the IRS 1

Required only for Applicants that
are not Certified CDFIs.

Articles of incorporation, by-laws or other establishing document
demonstrating the Applicant has a principal purpose of managing
or developing affordable housing

Required only for Applicants that
are not Certified CDFIs

CDFI FUND | CMF Application Template

104

AMIS APPLICATION ATTACHMENTS
Documentation showing all legal name changes from the original
or subsequent Articles of Incorporation, if applicable

CDFI FUND | CMF Application Template

Required only for Applicants that
are not Certified CDFIs

105

Sample Management Letter
DISCLAIMER: The sample Management Letter is being provided by the Community Development Financial
Institutions Fund (CDFI Fund) as a courtesy to Applicants to demonstrate the types of information and statements
that may be found in Management Letters meeting the requirements of the CDFI/NACA Program Application. The
Management Letter submitted by an Applicant may include different information than that presented in this sample
letter and should reflect the actual findings of the Applicant organization’s audit. Please note that the text below is
for demonstration purposes only and should not be relied upon by Applicant organizations or auditors for purposes
of meeting any applicable Federal, state, or local legal requirements or accounting standards.
If you are an Applicant that did not receive a separate Management Letter from your auditor regarding internal
controls, policies, and procedures, as defined in the NOFA and clarified further here, for the two most recent
historic fiscal years, in lieu of attaching a separate statement in AMIS, Applications will complete an attestation.

A sample Management Letter is provided on the following page.

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106

[Auditor Letterhead]

[DATE]
To Management and the Audit Committee
[APPLICANT ENTITY AND SUBSIDIARIES]
[CITY, STATE]

We have audited the consolidated financial statements of APPLICANT ENTITY and Subsidiaries (the
Organization) as of and for the year ended [DATE], and have issued our report thereon dated [DATE].
Professional standards require that we advise you of the following matters relating to our audit.
In planning and performing our audit of the consolidated financial statements of the Organization as of
and for the year ended [DATE], in accordance with auditing standards generally accepted in the United
States of America, we considered the Organization’s internal control over financial reporting (internal
control) as a basis for designing audit procedures that are appropriate in the circumstances for the
purpose of expressing our opinion on the consolidated financial statements, but not for the purpose of
expressing an opinion on the effectiveness of the Organization’s internal control. Accordingly, we do not
express an opinion on the effectiveness of the Organization’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect and correct, misstatements on a timely basis. A deficiency in design exists when (a) a control
necessary to meet the control objective is missing, or (b) an existing control is not properly designed so
that, even if the control operates as designed, the control objective would not be met. A deficiency in
operation exists when a properly designed control does not operate as designed or when the person
performing the control does not possess the necessary authority or competence to perform the control
effectively.
A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there
is a reasonable possibility that a material misstatement of the Organization’s consolidated financial
statements will not be prevented, or detected and corrected, on a timely basis.
A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less
severe than a material weakness, yet important enough to merit attention by those charged with
governance.
Certain deficiencies in internal control that have been previously communicated to you, in writing, by us
or by others within your organization are not repeated herein.
Following are descriptions of other identified deficiencies in internal control that we determined did not
constitute significant deficiencies or material weaknesses:
[Below are samples of findings, actual statements will vary with the facts of each audit]
Uncorrected and Corrected Misstatements
During the course of our audit, we proposed a financial statement presentation reclassification related to
the restricted cash of [DOLLAR AMOUNT] that was contributed back to the ABC Subsidiary, as part of the
overall unwind of the XYZ Subsidiary.

CDFI FUND | CMF Application Template

107

The related contribution expense related to this cash donation was reclassified to be included with
overall net contribution of fixed assets and forgiveness of debt to present a net gain relating to the
projects unwind. We believe the net presentation of all three elements (cash, fixed assets, and debt) to
be a preferable way of presenting the essence of the transaction. Management reclassified this entry
correctly during the course of our audit.
Impaired Loan Analysis
During our testing of a collateral-dependent impaired loan, we noted that management’s analysis did not
adequately support its conclusion on estimated fair value. Management should ensure the estimate of
fair value of impaired loans and foreclosed assets is thoroughly documented and supported with the use
of either external valuation (i.e., appraisal or broker opinion of value) or internal valuation of fair value.
Difficulties Encountered in Performing the Audit
We encountered no significant difficulties in dealing with management in performing and completing our
audit.
Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a financial
accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be
significant to the financial statements or the auditor’s report. We are pleased to report that no such
disagreements arose during the course of our audit.
Other Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing
standards, with management each year prior to retention as the Organization’s auditors. However, these
discussions occurred in the normal course of our professional relationship and our responses were not a
condition to our retention.
This communication is intended solely for the information and use of management, the Audit Committee,
and others within the Organization, and is not intended to be, and should not be, used by anyone other
than these specified parties.

Very truly yours,
[AUDITOR]

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108

Appendix 10: Forms and Certifications

All CMF Applicants must complete the Environmental Review Attestation and Assurances and
Certifications as part of their AMIS online application submission. Any Applicant that is a 501(c)(4) must
complete the 501(c)(4) form as part of their AMIS online Application submission.
CMF Applicants will complete and attest to these Forms, Assurances and Certifications in Grants.gov and
AMIS. Therefore, the Forms, Assurances, and Certifications provided in this document are for
reference/“read-only” purposes.

Environmental Review Attestation
TIP: This form must be completed in AMIS by all Applicants. It is available on the AMIS Application under
the Forms and Certifications Appendix. Review the CMF Environmental Form and 12 CFR Part 1815 prior
to completing the attestation.
I certify and attest that I have reviewed and understand the CDFI Fund's environmental review
requirements set forth in 12 CFR Part 1815. I understand that if the CDFI Fund gives my organization a
CMF Award, my organization must complete the environmental review process to ensure compliance
with 12 CFR Part 1815, and comply with the environmental review certification and notification
requirements outlined in the Assistance Agreement.

Assurances and Certifications
AMIS TIP: In addition to signing the SF-424, an Applicant must indicate “Yes” that it is certifying the
Assurances and Certifications in AMIS. It will do this under the area titled “Assurances and Certifications
Form” on the Application main page in AMIS.
By signing the certification on the SF-424, the Applicant is certifying the Assurances and Certifications
listed below. Certain Assurances and Certifications may not be applicable to the Applicant. An Applicant
may not modify any of the Assurances and Certifications.
A. Standard Form 424B: ASSURANCES – NON-CONSTRUCTION PROGRAMS
As the duly authorized representative of the Applicant, I certify that the Applicant:
1.
2.

3.
4.
5.

Has the legal authority to apply for Federal assistance, and the institutional, managerial, and financial
capability (including funds sufficient to pay the non-Federal share of project costs) to ensure proper
planning, management, and completion of the project described in this Application.
Will give the awarding agency, the Comptroller General of the United States, and if appropriate, the State,
through any authorized representative, access to and the right to examine all records, books, papers, or
documents related to the award; and will establish a proper accounting system in accordance with generally
accepted accounting standards or agency directives.
Will establish safeguards to prohibit employees from using their positions for a purpose that constitutes or
presents the appearance of personal or organizational conflict of interest, or personal gain.
Will initiate and complete the work (activities in Application) within the applicable time frame after receipt
of approval of the awarding agency.
Will comply with the Intergovernmental Personnel Act of 1970 (42 U.S.C. 4728-4763) relating to prescribed
standards for merit systems for programs funded under one of the nineteen statutes or regulations
specified in Appendix A of Ohm’s Standards for a Merit System of Personnel Administration (5 CFR Part 900,
Subpart F).
Will comply with all Federal statutes relating to nondiscrimination. These include but are not limited to: (a)
Title VI of the Civil Rights Act of 1964 (P.L.88-352) which prohibits discrimination on the basis of race, color

CDFI FUND | CMF Application Template

109

8.
9.
10.

11.

12.
13.
14.
15.
16.
17.

or national origin; (b) Title IX of the Education Amendments of 1972, as amended (20 U.S.C.1681-1683,
1685-1686), which prohibits discrimination on the basis of sex; (c) Section 504 of the Rehabilitation Act of
1973, as amended (29 U.S.C.794), which prohibits discrimination on the basis of handicaps; (d) the Age
Discrimination Act of 1975, as amended (42 U.S.C.6101-6107), which prohibits discrimination on the basis of
age; (e) the Drug Abuse Office and Treatment Act of 1972 (P.L. 92-255), as amended, relating to
nondiscrimination on the basis of drug abuse; (f) the Comprehensive Alcohol Abuse and Alcoholism
Prevention, Treatment and Rehabilitation Act of 1970 (P.L.91-616), as amended, relating to
nondiscrimination on the basis of alcohol abuse or alcoholism; (g) Sections 523 and 527 of the Public Health
Service Act of 1912 (42 U.S.C. 290 dd-3 and 290 ee-3), as amended, relating to confidentiality of alcohol and
drug abuse patient records; (h) Title VIII of the Civil Rights Act of 1968 (42 U.S.C.3601 et seq.), as amended,
relating to nondiscrimination in the sale, rental or financing of housing; (i) any other nondiscrimination
provisions in the specific statute(s) under which Application for Federal assistance is being made; and (j) the
requirements of any other nondiscrimination statutes which may apply to the Application.
Will comply, or has already complied, with the requirements of Titles II and III of the Uniform Relocation
Assistance and Real Property Acquisition Policies Act of 1970 (P.L. 91-646) which provide for fair and
equitable treatment of persons displaced or whose property is acquired as a result of Federal or federally
assisted programs. These requirements apply to all interests in real property acquired for project purposes
regardless of Federal participation in purchases.
Will comply with the provisions of the Hatch Act (5 U.S.C.1501-1508 & 7324-7328), which limit the political
activities of employees whose principal employment activities are funded in whole or in part with Federal
funds.
Will comply, as applicable, with the provisions of the Davis-Bacon Act (40 U.S.C. 276a to 276a-7), the
Copeland Act (40 U.S.C. 276c and 18 U.S.C. 874), and the Contract Work Hours and Safety Standards Act (40
U.S.C. 327-333), regarding labor standards for federally assisted construction sub agreements.
Will comply, if applicable, with flood insurance purchase requirements of Section 102(a) of the Flood
Disaster Protection Act of 1973 (P.L. 93-234) which requires recipients in a special flood hazard area to
participate in the program and to purchase flood insurance if the total cost of insurable construction and
acquisition is $10,000 or more.
Will comply with environmental standards which may be prescribed pursuant to the following: (a)
institution of environmental quality control measures under the National Environmental Policy Act of 1969
(P.L.91-190) and Executive Order 11514; (b) notification of violating facilities pursuant to EO 11738; (c)
protection of wetlands pursuant to EO 11990; (d) evaluation of flood hazards in floodplains in accordance
with EO 11988; (e) assurance of project consistency with the approved State management program
developed under the Coastal Zone Management Act of 1972 (16 U.S.C. 1451et seq.); (f) conformity of
Federal actions to State Implementation Plans under Section 176(c) of the Clean Air Act of 1955, as
amended (42 U.S.C. 7401 et seq.); (g) protection of underground sources of 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.

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18. Will comply with all applicable requirements of all other Federal laws, executive orders, regulations, and
policies governing this program.
19. Will comply with the requirements of Section 106(g) of the Trafficking Victims Protection Act (TVPA) of
2000, as amended (22 U.S.C. 7104) which prohibits grant award recipients or a sub-recipient from (1)
Engaging in severe forms of trafficking in persons during the period of time that the award is in effect (2)
Procuring a commercial sex act during the period of time that the award is in effect or (3) Using forced labor
in the performance of the award or sub-awards under the award.
B.

ADDITIONAL CERTIFICATIONS
In addition to the assurances and certifications provided by the Applicant pursuant to OMB Standard Form 424, the
Applicant hereby assures and certifies that:
1.
2.

4.
5.

It is duly organized and validly existing under the 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;
Its Board of Directors (or similar governing body) has by proper resolution or similar action authorized the
filing of this Application, including all 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;
It will comply with all applicable requirements of the 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 supplement or replace them);
It will comply, as applicable and appropriate, with the requirements of 2 CFR Part 200, as amended 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
It has not had proceedings instituted against it in, by, or before any court, governmental agency, or
administrative body, and a final determination made within the last 3 years as of the date of the NOFA
indicating that the Applicant has violated any of the following laws: Title VI of the Civil Rights Act of 1964, as
amended (42 U.S.C.2000d); Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794); the Age
Discrimination Act of 1975 (42 U.S.C. 6101-6107); Title VIII of the Civil Rights Act of 1968, as amended (42
U.S.C. 3601 et seq.); and Executive Order 13166, Improving Access to Services for Persons with Limited
English Proficiency.
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.

CERTIFICATION REGARDING DEBARMENT, SUSPENSION, AND OTHER RESPONSIBILITY MATTERS – PRIMARY
COVERED TRANSACTIONS: INSTRUCTIONS FOR CERTIFICATION
1.
2.

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 CDFI Fund’s determination whether to enter into this transaction (approval and funding

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of the Application). However, failure of the Applicant to furnish a certification or an explanation shall
disqualify such person from participation in this transaction.
3. This certification is a material representation of fact upon which reliance is placed when the CDFI 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 CDFI Fund
may terminate this transaction for cause or default.
4. The Applicant shall provide immediate written notice to the CDFI Fund if at any time the Applicant learns
that its certification was erroneous when submitted or has become erroneous by reason of changed
circumstances.
5. 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 implementing Executive Order 12549. You may contact the CDFI 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 CDFI 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 CDFI 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.
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 CDFI 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 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

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2.
E.

CERTIFICATION REGARDING DRUG-FREE WORKPLACE REQUIREMENTS
1.

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.

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 drug-free 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;
f) 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.

CERTIFICATION REGARDING LOBBYING
1.

The Applicant certifies, to the best of its knowledge and belief, that:
(i) 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 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;
(ii) 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

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this Application, the undersigned shall complete and submit Standard Form LLL, “Disclosure Form to
Report Lobbying“ in accordance with its instructions; and
(iii) 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, sub grants, and contracts under
Federal financial assistance, loans, and cooperative agreements) and that all sub recipients 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.

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501(C)(4) Questionnaire
AMIS TIP: An Applicant must only complete this form in AMIS if it is recognized as a 501(c)(4) entity. No other
Applicants should complete this form.
This questionnaire is necessary for the CDFI Fund to determine whether an Applicant with a 501(c)(4) designation
from the IRS is eligible to receive an award from the Fund (see 2 U.S.C. 1601, et al.). Please read all definitions before
responding to the questions and continue to refer to such definitions in responding to this questionnaire. If the
answer to any question is yes, please describe in detail on a separate sheet(s) of paper the facts and circumstances,
including: subject matter; date(s); names and titles of all individuals and their employers and their organizations.
The CDFI Fund reserves the right to seek follow-up responses from an Applicant. Failure to complete this
questionnaire and, if applicable, respond timely to follow-up questions, will delay the CDFI Fund’s processing of the
Application, and may result in the disqualification of the Application from further consideration. After submitting
responses to this questionnaire, the Applicant is under a continuing obligation to: (1) supplement its responses upon
a change in circumstances; and (2) revise or modify its responses within 10 business days of having actual or
constructive knowledge that the responses previously submitted and certified are no longer complete, accurate, or
true. You may contact the CDFI Fund’s Office of Legal Counsel at (202) 653-0300 if you have any questions about this
form.
Scope: The scope of this questionnaire is limited to activities on or after January 1, 1996.
QUESTIONS
1. Has any officer, employee, director, partner, proprietor, or board member contactedi a Covered
Executive Branch Officialii with regard to the formulation, modification, or adoption of Federal
legislation (including legislative proposals)?
2.

 Yes
 No

Has any officer, employee, director, partner, proprietor, or board member contacted a Covered
Executive Branch Official with regard to the formulation, modification, or adoption of a Federal rule,
regulation, Executive Order, or any other program, policy, or position of the United States Government?
Has any officer, employee, director, partner, proprietor, or Board member contacted a Covered
Executive Branch Official with regard to the administration or execution of a Federal program or policy
(including the negotiation, award, or administration or a Federal contract, grant, loan, permit, or
license)?
Has any officer, employee, director, partner, proprietor, or Board member contacted a Covered
Executive Branch Official with regard to the nomination or confirmation of a person for a position
subject to confirmation by the United States Senate?
Has any officer, employee, director, partner, proprietor, or Board member engaged in efforts supporting
and coordinating the contact by others of a Covered Executive Branch Official including preparation and
planning activities, research and other background work that was intended, at the time performed, for a
purpose described in Questions 1-4?
Has any officer, employee, director, partner, proprietor, or Board member contacted a Covered
Legislative Branch Officialiii with regard to the formulation, modification, or adoption of Federal
legislation (including legislative proposals)?

 Yes

Has any officer, employee, director, partner, proprietor, or Board member contacted a Covered
Legislative Branch Official with regard to the formulation, modification, or adoption of a Federal rule,
regulation, Executive Order, or any other program, policy, or position of the United States Government?
Has any officer employee, director, partner, proprietor, or Board member contacted a Covered
Legislative Branch Official with regard to the administration or execution of a Federal program or policy
(including the negotiation, award, or administration of a Federal contract, grant, loan, permit, or
license)?

 Yes

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 No
 Yes
 No
 Yes
 No
 Yes
 No
 Yes
 No

 No
 Yes
 No

115

Has any officer, employee, director, partner, proprietor, or Board member contacted a Covered
Legislative Branch Official with regard to the nomination or confirmation of a person for a position
subject to confirmation by the United States Senate?
10. Has any officer, employee, director, partner, proprietor, or Board member engaged in efforts supporting
and coordinating the contact by others of a Covered Legislative Branch Official including preparation
and planning activities, research and other background work that was intended, at the time performed,
for a purpose described in Questions 6-9?

 Yes
 No
 Yes
 No

SIGNATURE
Signing the certification on SF-424 certifies that the answers to the 501(c)(4) Questionnaire and the written
explanations attached thereto are true, accurate, and complete to the best of its information, knowledge, and belief
and that, since January 1, 1996, the Applicant has not engaged in Lobbying Activities as defined in Section 3 (7) of
the Lobbying Disclosure Act of 1995, P.L. 104-65, as amended.

“Contacted” (or “contacted”) means any oral or written communication, including an electronic communication.

ii “Covered

Executive Branch Official” means: (a) the President; (b) the Vice President; (c) any officer or employee, or any other
individual functioning in the capacity of such an officer or employee, in the Executive Office of the President; (d) any officer or
employee serving in an Executive Level I-V position, a “Schedule C” position, or any official in a Senior Executive Service position;
(e) any member of the uniformed services serving at grade O-7 or above; or (f) any officer or employee serving in a position of a
confidential, policy-determining, policy-making, or policy-advocating character described in section 7511(b)(2) of title 5, United
States Code.
iii “Covered

Legislative Branch Official” means: (a) a member of Congress; (b) an elected officer of either House of Congress; (c)
any employee of the House or Senate, including employees of Members, committees, leadership and working groups or
caucuses organized to provide legislative services or other assistance to Members of Congress; and (d) any other legislative
branch employee serving in a position described under section 109(13) of the Ethics in Government Act of 1978 (5 U.S.C. App.).

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File Type	application/pdf
File Title	CMF Application - PRA Renewal (FY 2025 - FY 2027)
Author	Schlack, Andrew
File Modified	2025:04:03 15:32:36-04:00
File Created	2025:04:03 15:29:50-04:00