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U.S. Department of Treasury: Native American Community Development Financial Institutions (CDFI) Assistance Program

Deadline: April 4, 2018

The Native American CDFI Assistance (NACA) program provides funding to build the community development capacity of Certified Native Community Development Financial Institutions (CDFIs), Emerging Native CDFIs, and sponsoring entities, and to increase access to capital in Native communities. Funding is offered in the following categories:

  • Financial Assistance (FA) Awards: Awards are made in the form of loans, grants, equity investments, deposits, and credit union shares to enable awardees to build their financial capacity to lend to their Native communities. FA award funds can be expended for activities serving commercial real estate, small business, microenterprise, community facilities, consumer financial products, consumer financial services, commercial financial services, affordable housing, intermediary lending to nonprofits and CDFIs, and other lines of business as deemed appropriate by the CDFI Fund in the following five categories: (i) financial products; (ii) financial services; (iii) loan loss reserves; (iv) development services; and (v) capital reserves.
  • Persistent Poverty Counties – Financial Assistance (PPC-FA) Awards: Awards are made as a supplement to FA awards; therefore, only those Applicants that are selected to receive an FA award will be eligible to receive a PPC-FA award. Awards can be in the form of loans, grants, equity investment, deposits, and credit union shares. Awards can only be expended for the same activities and categories that are eligible for FA awards.
  • Disability Funds – Financial Assistance (DF-FA) Awards: Awards will be provided as a supplement to FA awards; therefore, only those Applicants that have been selected to receive an FA award will be eligible to receive a DF-FA award. Awards can be in the form of loans, grants, equity investments, deposits, and credit union shares. Awards can only be expended for the same activities and categories that are eligible for FA awards. Recipients must close financial products for the primary purpose of directly or indirectly benefiting people with disabilities in an amount equal to or greater than 85 percent of the total DF-FA provided. Such financing activities have a primary purpose of directly or indirectly benefiting individuals with disabilities. A person with a disability is defined as “a person who has a physical or mental impairment that substantially limits one or more major life activities, a person who has a history or record of such an impairment, or a person who is perceived by others as having such an impairment.”
  • Healthy Food Financing Initiative-Financial Assistance (HFFI-FA) Awards: Awards will be provided as a supplement to FA awards; therefore, only those applicants that have been selected to receive an FA award will be eligible to receive an HFFI-FA award. Awards can be in the form of loans, grants, equity investments, deposits, and credit union shares. Awards can only be expended for the same activities and categories that are eligible for FA awards. Awardees must deploy loans, equity investments, and similar financing activities, including the purchase of loans and the provision of loan guarantees for Healthy Food Retail Outlets (e.g., grocery stores, mobile food retailers, farmers markets) and Healthy Food Non-Retail Outlets (e.g., wholesale food outlets, wholesale cooperatives, entities that produce or distribute healthy foods for eventual retail sale, or entities that provide consumer education regarding healthy food consumption).
  • Technical Assistance (TA) grants: Grants may be used to increase the awardees capacity to serve their Native communities and/or create or become certified Native CDFIs and serve Native communities. TA grant funds can be expended for the following seven eligible activity categories: (i) compensation–personnel services; (ii) compensation–fringe benefits; (iii) professional service costs; (iv) travel costs; (v) training and education costs; (vi) equipment and other capital expenditures; and (vii) supplies.

Note that the form of FA, PPC-FA, and HFFI-FA awards is based on the form of the matching funds that the applicant includes in its application. Matching funds are required for FA and HFFI-FA awards, must be from non-federal sources, and cannot have been used as matching funds for any other federal award.

Amount: Varies by type of award:

  • FA awards: A total of $10,950,000 is available to fund up to 19 awards, ranging from $150,000-$1,000,000 and averaging $577,000
  • Persistent Poverty Counties – Financial Assistance (PPC-FA): A total of $1,550,000 is available to fund up to eight awards, ranging from $100,000-$300,000 and averaging $195,000
  • TA awards: A total of $3,000,000 is available to fund up to 20 awards, ranging from $10,000-$150,000 and averaging at $147,000
  • Disability Funds – Financial Assistance (DF-FA): A total of $2,500,000 is available to fund up to 10 awards, ranging from $100,000-$500,000 and averaging $250,000.
  • HFFI-FA awards: A total of $22,000,000 is available to fund up to 10 awards, ranging from $500,000-$$5,000,000 and averaging $1,700,000-$2,200,000

Note: DF-FA and HFFI-FA appropriation will be allocated in one competitive round between this solicitation (NACA) and CDFI Program solicitations.

Eligibility: Refer to the solicitation for specific eligibility requirements per each type of award. A broad overview of eligible applicants is below:

  • TA awards: Certified CDFIs (entities that the CDFI Fund has officially notified that it meets all CDFI certification requirements), Certifiable CDFIs (entities that submit a certification application to the CDFI Fund by the applicable deadline, but are not yet officially certified at the time of Financial Assistance application submission), and Emerging CDFIs (entities that have not submitted a CDFI Certification Application but that demonstrate it has an acceptable plan to meet certification requirements by the end of its performance period, or another date that the CDFI Fund selects), or sponsoring entities that serve Native American, Alaska Native, or Native Hawaiian populations or Native American areas defined as Federally-designated reservations, Hawaiian homelands, Alaska Native villages and U.S. Census Bureau-designated Tribal Statistical Areas.
  • FA awards: CDFIs that serving Native American, Alaska Native, or Native Hawaiian populations or Native American areas defined as federally-designated reservations, Hawaiian homelands, Alaska Native villages and U.S. Census Bureau-designated Tribal Statistical Areas.

Link: https://www.grants.gov/web/grants/view-opportunity.html?oppId=300373

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