Native Initiatives

 

To promote economic revitalization and community development through financial and technical assistance to Native Community Development Financial Institutions (CDFIs).

Active 21.012 Community Development Financial Institutions Fund, Department of The Treasury 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.
Fiscal Year 2019 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 2020 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 2021 Fiscal Year 2021: 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 2022 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 Only a certified CDFI that demonstrates that at least 50% of its past activities were in one or more Native Communities and describes how it will target its lending/investing activities to one or more Native Communities is eligible to apply for Financial Assistance awards. Additionally, an organization wishing to apply for FA through the NACA Program must have an approved certification Target Market that consists of either an Investment Area or Other Targeted Population that includes a Native Community. Organizations that are certified CDFIs and entities seeking to become certified CDFIs or Sponsoring Entities that demonstrate they will primarily serve one or more Native Communities as its Target Market 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 a certified CDFI at the time of the publication of the Notice of Funds Availability (NOFA) in the Federal Register, demonstrate that at least 50% of its past activities were in one or more Native Communities, and describe how it will target its lending/investing activities to one or more Native Communities. Additionally, an organization wishing to apply for FA through the NACA Program must have an approved Target Market that consists of either an investment area or Other Targeted Population that includes a Native Community. Organizations that are Certified CDFIs, Emerging CDFIs, or Sponsoring Entities that demonstrate they will primarily serve one or more Native Communities as its Target Market 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. 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 NACA 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 Application deadlines are from 30 to 60 days subsequent to the NOFA publication date. Award approval or disapproval determinations are typically made within 270 days after the application deadline. Not applicable. Not applicable. Evaluation factors include: (1) financial analysis and compliance risk evaluation, (2) business plan review, (3) policy objective review and community impact, and (4) other factors set forth in the CDFI Program regulations, Notice of Funds Availability (NOFA), and application materials. 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. CDFI Program FA awards must be expended for activities in the following five categories: (i) Financial Products; (ii) Financial Services; (iii) Loan Loss Reserves; (iv) Development Services; and (v) Capital Reserves. Note: Only Regulated Institutions may use a Base-FA award for Financial Services and Capital Reserves. TA awards build the Recipient's internal capacity. CDFI Program TA awards must be expended for activities in the following eight categories: (i) Compensation – Personal Services; (ii) Compensation – fringe benefits; (iii) Professional Services Costs; (iv) Travel Costs; (v) Training and Education Costs; (vi) Equipment; (vii) Supplies and (viii) Incorporation Costs (Sponsoring Entities Only). Each Recipient enters into an assistance agreement that requires it to achieve performance goals and abide by other terms and conditions. Performance Reports: 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. FA recipients are also required to submit Transaction Level Reports (TLR) (1559-0027). The Annual Certification and Data Collection Report (ACR) (1559-0046) is submitted by certified CDFIs that receive NACA Program award funds. The ACR requires a certified CDFIs to annually assess and report on any changes to criteria supporting its CDFI certification, as well as additional organizational, financial, and other data. The CDFI Fund uses this report to monitor the certified CDFI’s compliance with certification criteria and collect data to gain greater insight into the CDFI industry. Not applicable. Award recipients must maintain records to substantiate total costs incurred and to ensure 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. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. For FA funds, Recipients must use award funds within three years. For TA funds, Recipients that are certified must use award funds within two years; Emerging CDFI Recipients that are uncertified must use award funds within three years; and Sponsoring Entity Recipients must use award funds within four years. Method of awarding/releasing assistance is either lump sum or in multiple disbursements based on projected use in upcoming twelve months. Method of awarding/releasing assistance is either lump sum or in multiple disbursements based on the projected use in upcoming twelve months. None/Not specified. Native American CDFI Assistance (NACA) Program
1500 Pennsylvania Avenue, N.W.
Washington, DC 20220 US
cdfihelp@cdfi.treas.gov
Phone: (202) 653-0300 http://www.cdfifund.gov 20-1881-0-1-451 (Project Grants) FY 22$15,650,000.00; FY 23 est $19,941,000.00; FY 24 est $50,000,000.00; FY 21$15,950,000.00; FY 20$16,692,800.00; FY 19$15,420,886.00; - The FY 2022 dollar range of Technical Assistance awards was $125,000 to $150,000. The FY 2022 average Technical Assistance awards was $146,875. The FY 2022 dollar range of Financial Assistance (FA) awards was $197,000 to $1,300,000. The FY 2022 average Financial Assistance Awards (Base-FA) was $902,158, which does not include Persistent Poverty Counties-FA, Disability Funds-FA, and Healthy Food Financing Initiative-FA awards. The range of Persistent Poverty Counties-FA (PPC-FA) for FY 2022 was $100,000 to $300,000. The FY 2022 average PPC-FA was $280,000. 12 C.F.R. Part 1805; NOFA; and application materials. Not applicable.