The CDFI Fund is offering the Native American CDFI Assistance Program (NACA Program) to strengthen Native Community Development Financial Institutions. This grant is designed to enhance the financial capacity of Certified Native CDFIs, enabling them to expand lending within their eligible and target markets. Through Base-FA awards, up to $2 million is available for existing institutions to build their financial infrastructure. Furthermore, the program offers Technical Assistance (TA) grants, up to $400,000, for organizations that are becoming, or will create, a Native CDFI. The NACA Program’s purpose is to bolster economic development and critical financial services in Native communities.
Opportunity ID: 351278
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | CDFI-2024-NACA |
| Funding Opportunity Title: | Fiscal Year 2024 NACA Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 40 |
| Assistance Listings: | 21.012 — Native Initiatives |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 2 |
| Posted Date: | Dec 04, 2023 |
| Last Updated Date: | Dec 05, 2023 |
| Original Closing Date for Applications: | Jan 16, 2024 |
| Current Closing Date for Applications: | Jan 16, 2024 |
| Archive Date: | Feb 15, 2024 |
| Estimated Total Program Funding: | $50,000,000 |
| Award Ceiling: | $2,000,000 |
| Award Floor: | $10,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | Eligibility requirements for the Financial Assistance (FA) and Technical Assistance (TA) components of the FY 2024 NACA Program can be found in the FY 2024 Notice of Funds Availability (NOFA). |
Additional Information
| Agency Name: | Community Development Financial Institutions |
| Description: |
Through the Native American CDFI Assistance Program (NACA Program), the CDFI Fund provides (i) Base-FA awards of up to $2 million to Certified, Native CDFIs to build their financial capacity to lend to their Eligible Markets and/or Target Markets and (ii) TA grants of up to $400,000 to entities that are, will become, or will create a Native CDFI. For more detailed information, please refer to the Notice of Funds Availability (NOFA) found on the CDFI Fund’s website. |
| Link to Additional Information: | A webpage on the CDFI Fund’s website with all the relevant details regarding the NACA Program. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
CDFI Fund Help Desk
(202) 653-0421 Email:cdfihelp@cdfi.treas.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
| Application launch date is being pushed to 12/8 (previously 12/7). | Dec 05, 2023 |
DISPLAYING: Synopsis 2
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | CDFI-2024-NACA |
| Funding Opportunity Title: | Fiscal Year 2024 NACA Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 40 |
| Assistance Listings: | 21.012 — Native Initiatives |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 2 |
| Posted Date: | Dec 04, 2023 |
| Last Updated Date: | Dec 05, 2023 |
| Original Closing Date for Applications: | Jan 16, 2024 |
| Current Closing Date for Applications: | Jan 16, 2024 |
| Archive Date: | Feb 15, 2024 |
| Estimated Total Program Funding: | $50,000,000 |
| Award Ceiling: | $2,000,000 |
| Award Floor: | $10,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | Eligibility requirements for the Financial Assistance (FA) and Technical Assistance (TA) components of the FY 2024 NACA Program can be found in the FY 2024 Notice of Funds Availability (NOFA). |
Additional Information
| Agency Name: | Community Development Financial Institutions |
| Description: |
Through the Native American CDFI Assistance Program (NACA Program), the CDFI Fund provides (i) Base-FA awards of up to $2 million to Certified, Native CDFIs to build their financial capacity to lend to their Eligible Markets and/or Target Markets and (ii) TA grants of up to $400,000 to entities that are, will become, or will create a Native CDFI. For more detailed information, please refer to the Notice of Funds Availability (NOFA) found on the CDFI Fund’s website. |
| Link to Additional Information: | A webpage on the CDFI Fund’s website with all the relevant details regarding the NACA Program. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
CDFI Fund Help Desk
(202) 653-0421 Email:cdfihelp@cdfi.treas.gov |
Related Documents
There are no related documents on this grant.
Packages
| Agency Contact Information: | CDFI Fund Help Desk (202) 653-0421 Email: cdfihelp@cdfi.treas.gov |
| Who Can Apply: | Organization Applicants |
| Assistance Listing Number | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions |
|---|---|---|---|---|---|---|
| 21.012 | PKG00283998 | Dec 08, 2023 | Jan 16, 2024 | View |
Package 1
Mandatory forms
351278 SF424_Mandatory_3_0-3.0.pdf
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