Opportunity Information: Apply for CDFI 2013 NACA
Apply for CDFI 2013 NACA
- The Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "Fiscal Year 2013 NACA Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 21.020 Community Development Financial Institutions Program.
- This funding opportunity was created on Dec 21, 2012 and posted on Dec 21, 2012.
- Applicants must submit their applications by Feb 28, 2013. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $12,000,000.00 to eligible and selected applicants.
- Each selected applicant is eligible to receive up to $1,000,000.00 in funding.
- The number of recipients for this funding is limited to 35 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
- An organization wishing to apply for Financial Assistance only or a combination of Financial Assistance and Technical Assistance through the Native American CDFI Assistance (NACA) Program must be either a certified Native CDFI or be able to be certified by the Fund at the time of application. Organizations that are Emerging Native CDFIs or Sponsoring Entities may only apply for Technical Assistance and operating grants through the NACA Program. For more detailed information, please refer to the Notice of Funds Availability (NOFA) found on the CDFI Funds website.
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Opportunity Summary:
The Fiscal Year 2013 Native American CDFI Assistance (NACA) Program was a discretionary grant opportunity offered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund to strengthen access to capital and financial services in Native communities. The program focused on supporting Native Community Development Financial Institutions (Native CDFIs) through two main types of awards: Financial Assistance (FA) and Technical Assistance (TA). In addition, it provided Technical Assistance support to organizations that were preparing to become Native CDFIs or that intended to create a Native CDFI, recognizing that many communities need early-stage capacity building before they can fully operate as a certified CDFI.
Funding under this opportunity was tied to CFDA number 21.020 (Community Development Financial Institutions Program) and fell under the community development activity category. The CDFI Fund anticipated making about 35 awards, with an estimated total funding amount of $12,000,000. Individual awards ranged from a minimum of $1 to a maximum of $1,000,000, which indicates the program could accommodate a wide range of project sizes, from small capacity-building efforts to larger-scale financing and institutional growth plans. The funding instrument type was listed as "Grant/Other," and applicants needed to be prepared to meet a cost-sharing or matching requirement, meaning awardees were expected to contribute matching funds or resources as outlined in the official Notice of Funds Availability (NOFA).
Eligibility depended heavily on an applicant's CDFI status. Organizations seeking Financial Assistance alone, or a combination of Financial Assistance and Technical Assistance, needed to be either already certified as a Native CDFI or able to be certified by the CDFI Fund by the time they submitted the application. By contrast, organizations classified as Emerging Native CDFIs or Sponsoring Entities were limited to applying for Technical Assistance and operating grants through the NACA Program. This structure was designed to direct larger, deployable capital awards to institutions that were already certified (or ready to be certified), while still giving newer or developing organizations a pathway to build the systems, staff capacity, and operational readiness needed to reach certification and long-term sustainability.
The opportunity was posted on December 21, 2012, and closed on February 28, 2013, with an archive date of March 1, 2013. Applicants were directed to consult the NOFA on the CDFI Fund website for the detailed program rules, application requirements, eligible uses of funds, matching requirements, and evaluation criteria. For technical issues accessing the full announcement electronically, the listed point of contact was Jay Santiago at the IT Help Desk, reachable at (202) 653-0300.
Fiscal Year 2013 Native American CDFI Assistance (NACA) Program - FAQs
What is the Fiscal Year 2013 Native American CDFI Assistance (NACA) Program?
The FY 2013 NACA Program was a discretionary grant opportunity offered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund. Its purpose was to strengthen access to capital and financial services in Native communities by supporting Native Community Development Financial Institutions (Native CDFIs) and helping early-stage organizations build capacity to become Native CDFIs.
Which federal agency offered this grant opportunity?
This opportunity was offered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund.
What was the main goal of the NACA Program?
The main goal was to strengthen access to capital and financial services in Native communities by supporting Native CDFIs and providing capacity-building support for organizations preparing to become Native CDFIs or intending to create a Native CDFI.
What types of awards were available under the NACA Program?
The program supported two main types of awards: Financial Assistance (FA) and Technical Assistance (TA). It also provided Technical Assistance support for organizations that were preparing to become Native CDFIs or intended to create a Native CDFI.
What is the difference between Financial Assistance (FA) and Technical Assistance (TA) in this program?
Based on the information provided, Financial Assistance (FA) was intended for Native CDFIs that were certified (or ready to be certified) so they could deploy larger, usable capital. Technical Assistance (TA) focused on capacity building, including support for organizations developing the systems, staff capacity, and operational readiness needed to reach certification and long-term sustainability.
What CFDA number was associated with this funding opportunity?
The funding was tied to CFDA number 21.020, the Community Development Financial Institutions Program.
What category of activity did this opportunity fall under?
It fell under the community development activity category.
How much total funding was expected to be available?
The CDFI Fund anticipated an estimated total funding amount of $12,000,000 for this opportunity.
About how many awards were anticipated?
The CDFI Fund anticipated making about 35 awards.
What was the minimum and maximum award size?
Individual awards ranged from a minimum of $1 to a maximum of $1,000,000.
What does the wide award range suggest about the kinds of projects the program could support?
The $1 to $1,000,000 range indicates the program could accommodate a wide range of project sizes, from small capacity-building efforts to larger-scale financing and institutional growth plans.
What was the funding instrument type?
The funding instrument type was listed as "Grant/Other."
Was there a matching or cost-sharing requirement?
Yes. Applicants needed to be prepared to meet a cost-sharing or matching requirement, meaning awardees were expected to contribute matching funds or resources as outlined in the official Notice of Funds Availability (NOFA).
Where were the detailed program rules and requirements published?
Applicants were directed to consult the official Notice of Funds Availability (NOFA) on the CDFI Fund website for detailed program rules, application requirements, eligible uses of funds, matching requirements, and evaluation criteria.
Who was eligible to apply for Financial Assistance (FA) under this program?
Organizations seeking Financial Assistance alone, or a combination of Financial Assistance and Technical Assistance, needed to be either already certified as a Native CDFI or able to be certified by the CDFI Fund by the time they submitted the application.
Can an organization apply for both Financial Assistance (FA) and Technical Assistance (TA)?
Yes. Organizations could apply for a combination of Financial Assistance (FA) and Technical Assistance (TA) if they were already certified as a Native CDFI or able to be certified by the CDFI Fund by the time the application was submitted.
Who could apply for Technical Assistance (TA) only?
Organizations classified as Emerging Native CDFIs or Sponsoring Entities were limited to applying for Technical Assistance and operating grants through the NACA Program.
What is an Emerging Native CDFI or Sponsoring Entity allowed to apply for under this program?
Emerging Native CDFIs or Sponsoring Entities were limited to applying for Technical Assistance and operating grants through the NACA Program.
Why did the program restrict Financial Assistance to certified or certifiable Native CDFIs?
The structure was designed to direct larger, deployable capital awards to institutions that were already certified (or ready to be certified), while still providing a pathway for newer or developing organizations to build capacity through Technical Assistance.
When was the opportunity posted?
The opportunity was posted on December 21, 2012.
What was the application closing date?
The opportunity closed on February 28, 2013.
When was the opportunity archived?
The archive date was March 1, 2013.
Who should applicants contact for technical issues accessing the full announcement electronically?
For technical issues accessing the full announcement electronically, the point of contact listed was Jay Santiago at the IT Help Desk.
What is the IT Help Desk phone number listed for technical access issues?
The listed phone number for the IT Help Desk was (202) 653-0300.
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