WASHINGTON– The Community Development Financial Institutions Fund (CDFI Fund) is issuing a call for well-qualified personnel to serve as application reviewers for the FY 2019 application round of the CDFI Program and Native American CDFI Assistance (NACA) Program.
Credit union professionals, and community development credit union leaders and movement builders from within the Inclusiv Network in particular, are strongly encouraged to apply, according to the organizations.
Applications are being reviewed on a rolling basis through May 3, 2019.
“Serving as an Application Reviewer is an excellent opportunity to help establish greater representation and visibility for credit unions at the CDFI Fund and improve understanding of the credit union model within the Fund’s evaluation process,” Inclusiv said. “The more credit union practitioners involved in the application review process, the bigger the opportunity to educate decision makers about the uniqueness and impact of our sector.”
Role of the Reviewer
Reviewers are required to provide an independent, unbiased assessment of applications in accordance with the CDFI Fund’s evaluation guidelines. Reviewers will evaluate the soundness of each applicant’s comprehensive business plan, according to the CDFI Fund. “Reviewers will be paired with a Team Leader who will provide feedback on each of the reviews and address any questions regarding the evaluation process and criteria. Reviewers will evaluate applications using the CDFI Fund’s established review criteria,” the CDFI Fund said. “It is estimated that each application review will require approximately 2-3 labor hours to complete and reviewers will typically complete approximately 10 application assignments over the course of four-five weeks. Reviewers shall complete review assignments each week in accordance with the CDFI Fund’s application review schedule.”
Compensation
Compensation will be paid in the form of two honorarium payments: (a) at the conclusion of the training cycle, and (b) at the conclusion of the designated application review cycle, according to the CDFI Fund. No partial honorarium payments will be made. Current Federal employees and Federal contractors are not eligible for honorarium payment. All Reviewer Payment rates are outlined below:
Grant Review Payment Structure
- $100.00 upon completion of all training requirements
- $200.00 for each completed and accepted CDFI and NACA application review by the CDFI Fund
Period and Location of Service
The CDFI Fund said it anticipates Reviewers and select Alternate Reviewers will complete approximately five hours of remote training mid-June 2019. Application evaluations and quality control checks will occur from approximately late June 2019 through early August 2019. Evaluation of applications will be completed using a web-based review tool from the reviewer’s chosen remote location. As a result, reviewers are required to have consistent high speed Internet access and conference call capability, the CDFI Fund said.
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