After extensive public commentary, a new NOFA was released with two significant changes from the draft:

First, the minimum award requirement was lowered to $1 million from $5 million. As there is a 1-1 matching requirement for subgrantees, this new minimum should enable a larger pool of intermediaries to apply and may help states with less philanthropic resources take advantage of the fund. 

Second, the explicit preference for intermediaries that have already selected their subgrantees at the time of application has been eliminated. This change will ensure that a broader pool of effective nonprofit community organizations have a chance to access SIF funding and work in partnership with SIF intermediaries. It may also increase the quality of the subgrantees selected, as intermediaries will not rush to complete their processes by the application deadline.

You can download the full NOFA and see a list of frequently asked questions at nationalservice.gov. Also, listen to a conference call announcing the launch.