To promote economic revitalization and community development through financial and technical assistance to Native Community Development Financial Institutions (CDFIs).
General information about this opportunity
Last Known Status
Community Development Financial Institutions Fund, Department of The Treasury
Type(s) of Assistance Offered
B - Project Grants
Fiscal Year 2017
Please visit the CDFI Fund website for information on program accomplishments. The information can be accessed via www.cdfifund.gov/programs-training/Programs/native-initiatives.Fiscal Year 2018
Visit the CDFI Fund website for information on program accomplishments. The information can be accessed via www.cdfifund.gov/programs-training/Programs/native-initiatives.
Riegle Community Development and Regulatory Improvement Act of 1994
Who is eligible to apply/benefit from this assistance?
Only certified CDFIs that demonstrate the majority of its activities are targeted to a Native Community are eligible to apply for Financial Assistance awards. Organizations that are certified CDFIs and entities seeking to become certified CDFIs or Sponsoring Entities that demonstrate the majority of its activities are targeted t a Native Community may apply for Technical Assistance awards. No awards may be issued to Federal agencies, departments or instrumentalities, State governments, local governments, or any agency or instrumentalities thereof.
Investment Areas and Targeted Populations as defined in 12 C.F.R. 1805.
An organization wishing to apply for a Financial Assistance (FA) award through the Native American CDFI Assistance (NACA) Program must be either a certified CDFI or be able to be certified by the CDFI Fund at the time of application and demonstrate that the majority of their activities are targeted to Native Communities. Organizations that are Certified CDFIs, Emerging CDFIs, or Sponsoring Entities that demonstrate the majority of their activities are targeted to a Native Community may apply for Technical Assistance (TA) awards. Non-certified organizations must be able to become certified within three years after receiving a TA award. Sponsoring Entities must create an organization that must become certified within four years after receiving the TA award.
What is the process for applying and being award this assistance?
Preapplication coordination is not applicable.
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Each applicant must complete a CDFI Program Application which includes a Comprehensive Business Plan.
The CDFI Fund reviews applications and makes awards based on an established awards review process, set forth in the NOFA, and application materials.
Contact the headquarters or regional location, as appropriate for application deadlines
Approval/Disapproval Decision Time
Application deadlines are from 30 to 60 days subsequent to the NOFA publication date. Award approval/disapproval determinations may be made within 270 days after the application deadline.
How are proposals selected?
Evaluation factors include: (1) financial strength and organizational capacity of applicant, (2) business plan review, (3) community impact and (4) other factors as set forth in the regulations, Notice of Funds Availability (NOFA), and application materials.
How may assistance be used?
Under the NACA Program, FA and TA awards are provided to build the capacity of new or existing Native CDFIs serving Native Communities. FA awards enhance the Recipient's ability to make loans and investments and to provide financial services that promote economic revitalization and community development. TA awards build the Recipient's internal capacity. Each NACA recipient enters into an assistance agreement that requires it to achieve specific performance goals and abide by other terms and conditions. No awards may be issued to Federal agencies, departments or instrumentalities, State governments, local governments, or any agency or instrumentalities thereof.
What are the requirements after being awarded this opportunity?
Performance Monitoring is also accomplished with the financial review of Audited Financial Statements or Single Audits conducted pursuant to 2 C.F.R. 200, Subpart F - Audit Requirements. The Annual Certification and Data Collection Report (ACR) is submitted by certified organizations that receive NACA Program award funds. The ACR requires a certified organization to annually assess and report on any changes to criteria supporting its CDFI certification, as well as some additional organizational financial, and other data. The CDFI Fund will use this report to monitor the certified organization’s compliance with certification criteria and collect data to gain greater insight into the CDFI industry.
Award recipients must maintain records to substantiate total costs incurred and to assure that all performance measures are met. Records must be retained in accordance with the provisions of 2 C.F.R. 200 and the terms of the assistance agreement.
Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.
Matching is mandatory. NACA Program applicants are required to match Financial Assistance awards dollar-for-dollar with non-federal funds of the same type as the award itself, unless waived by Congress in the appropriations.
MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
Recipients must use all FA funds within three years and TA funds within two years, or if the Recipient is uncertified then it must use all award funds within three years, or if the Recipient is a Sponsoring Entity then it must use all award funds within four years. Method of awarding/releasing assistance is either lump sum or in multiple disbursements based on the projected use in upcoming twelve months. Lump Sum or multiple disbursements.
Who do I contact about this opportunity?
Regional or Local Office
Native American CDFI Assistance (NACA) Program
1500 Pennsylvania Avenue, N.W.
Washington, DC 20220 US
(Project Grants) FY 18$14,967,081.00; FY 19 est $16,000,000.00; FY 20 est $16,000,000.00; FY 17$15,464,710.00; FY 16$15,543,467.00; -
Range and Average of Financial Assistance
FY 2018 Range of Technical Assistance Awards was $112,293 to $150,000; FY 2018 Average Technical Assistance Awards was $143,675 and capped at $150,000. FY 2018 Range of Financial Assistance Awards was $150,000 to $1,220,000; FY 2018 Average Financial Assistance Awards was $515,808 which included Base-FA, Persistent Poverty Counties-FA and Disability Funds-FA awards.
Regulations, Guidelines and Literature
12 C.F.R. Part 1805; NOFA; and application materials.
Examples of Funded Projects
Fiscal Year 2017
Please visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/programs-training/Programs/native-initiatives.