Opportunity Information: Apply for CDFI 2015 NACA
Apply for CDFI 2015 NACA
- The Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "Fiscal Year 2015 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 Sep 22, 2014 and posted on Sep 22, 2014.
- Applicants must submit their applications by Nov 24, 2014. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $15,000,000.00 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 50 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
- Eligibility requirements for the Financial Assistance and Technical Assistance components of the FY 2015 NACA Program can be found in the FY 2015 NACA Program Notice of Funds Availability (NOFA).
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Opportunity Summary:
The Fiscal Year 2015 NACA Program (Funding Opportunity Number: CDFI 2015 NACA) is a discretionary federal grant opportunity administered by the Community Development Financial Institutions (CDFI) Fund under CFDA 21.020, the Community Development Financial Institutions Program. Its purpose is to strengthen lending and financial services in Native Communities by supporting community development lenders that serve Native American, Alaska Native, and Native Hawaiian people, as well as specific Native American geographies. Those geographies include federally designated reservations, Hawaiian homelands, Alaska Native Villages, and U.S. Census Bureau-designated Tribal Statistical Areas. The program is structured to help these institutions expand access to responsible credit and related financial products in their defined Target Markets, where capital gaps and limited mainstream financial access are often persistent challenges.
The opportunity offers two main types of support: Financial Assistance (FA) and Technical Assistance (TA). FA awards are designed to increase an institution's capacity to make loans and investments in its Target Market, and can be as large as $1,000,000 per award. FA funding is aimed specifically at Certified CDFIs that are already recognized by the CDFI Fund and that focus on serving Native Communities. In practice, this kind of funding is typically used to build lending capital and overall financial strength so the organization can extend more credit for community development purposes, such as small business lending, consumer or microloans, housing-related lending, or other locally defined priorities consistent with the CDFI's mission and the program rules.
TA grants, by contrast, focus on organizational capacity rather than direct lending capital. TA awards can be up to $150,000 and are meant to help build the internal systems, staffing, policies, and infrastructure needed to effectively serve Target Markets in Native Communities. TA support is available not only to Certified CDFIs, but also to Certifiable and Emerging CDFIs that are working toward certification or building the foundational capabilities to operate like a CDFI. The program also recognizes the role of Sponsoring Entities, providing TA support to improve their ability to help create new Certified CDFIs that will ultimately serve Native Communities. This makes the TA component both a strengthening tool for existing mission-driven lenders and a pipeline-building tool for growing the number of Native-serving CDFIs over time.
From a funding and award administration standpoint, the CDFI Fund anticipated making about 50 awards under this round, with an estimated total program funding level of $15,000,000. The published award ceiling is $1,000,000 and the award floor is $100,000, indicating the CDFI Fund expected awards to vary in size depending on applicant type, capacity, and proposed use of funds. The listing notes that cost sharing or matching is required, meaning recipients generally must provide matching funds or demonstrate eligible leveraged resources in accordance with the program's rules. Exact matching requirements, eligible sources, and compliance details are laid out in the official Notice of Funds Availability (NOFA), which is the controlling document for this competition.
Key dates for the FY 2015 NACA Program show it was posted on September 22, 2014, with an application deadline of November 24, 2014, and it was archived on November 25, 2014. Eligibility is not summarized in full in the short description and is instead deferred to the NOFA, with the general framing that eligible applicants fall under an "Others" category that includes the relevant types of CDFIs and sponsoring organizations as defined by the CDFI Fund for this specific program. Applicants are directed to the CDFI Fund website for the full announcement materials and detailed instructions, and the contact provided for technical difficulty accessing the announcement is the IT Help Desk (Jay Santiago) at 202-653-0300.
Overall, the FY 2015 NACA Program is best understood as a targeted capacity-building and capital deployment initiative. It uses larger FA awards to increase lending power for Certified CDFIs already serving Native Communities, while using smaller, flexible TA grants to help organizations build the operational strength needed to serve those markets effectively and to expand the ecosystem of Native-serving CDFIs through sponsorship and development.
FY 2015 NACA Program (CDFI 2015 NACA) - Frequently Asked Questions
What is the FY 2015 NACA Program?
The Fiscal Year 2015 NACA Program (Funding Opportunity Number: CDFI 2015 NACA) is a discretionary federal grant opportunity administered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under CFDA 21.020 (the Community Development Financial Institutions Program).
What is the purpose of this grant opportunity?
The program is intended to strengthen lending and financial services in Native Communities by supporting community development lenders that serve Native American, Alaska Native, and Native Hawaiian people, as well as certain Native American geographies where access to mainstream financial services is often limited and capital gaps can be persistent.
Which communities and geographies are considered "Native Communities" for this program?
As described in the opportunity summary, the program supports organizations serving Native American, Alaska Native, and Native Hawaiian people and specific Native American geographies, including federally designated reservations, Hawaiian homelands, Alaska Native Villages, and U.S. Census Bureau-designated Tribal Statistical Areas.
What does "Target Market" mean in this program context?
The program references "Target Markets" as the defined markets the applicant institution serves in Native Communities. The intent is to increase access to responsible credit and related financial products within those targeted service areas and populations.
What types of funding are available under the FY 2015 NACA Program?
The opportunity offers two primary types of support: Financial Assistance (FA) and Technical Assistance (TA).
What is Financial Assistance (FA) under this program?
Financial Assistance (FA) awards are designed to increase an institution's capacity to make loans and investments in its Target Market. The summary explains that FA is aimed at strengthening lending capital and overall financial capacity so the organization can extend more credit for community development purposes in Native Communities.
Who is eligible to apply for Financial Assistance (FA) awards?
Based on the description provided, FA funding is aimed specifically at Certified CDFIs that are recognized by the CDFI Fund and that focus on serving Native Communities. Full eligibility rules are provided in the official Notice of Funds Availability (NOFA).
What is the maximum award amount for Financial Assistance (FA)?
The award ceiling listed for this opportunity is $1,000,000 per award. The summary also indicates FA awards can be as large as $1,000,000.
What kinds of activities might Financial Assistance (FA) support?
The description states FA is typically used to build lending capital and overall financial strength so a CDFI can extend more credit for community development purposes. Examples mentioned include small business lending, consumer or microloans, housing-related lending, and other locally defined priorities consistent with the CDFI's mission and the program rules.
What is Technical Assistance (TA) under this program?
Technical Assistance (TA) grants focus on organizational capacity rather than direct lending capital. The summary describes TA as support for internal systems, staffing, policies, and infrastructure needed to serve Target Markets in Native Communities effectively.
Who is eligible to apply for Technical Assistance (TA) awards?
The description indicates TA support is available to Certified CDFIs as well as Certifiable and Emerging CDFIs that are working toward certification or building foundational capabilities. The summary also notes that Sponsoring Entities may receive TA support to improve their ability to help create new Certified CDFIs that will serve Native Communities. The NOFA is the controlling document for detailed eligibility criteria.
What is the maximum award amount for Technical Assistance (TA)?
TA awards can be up to $150,000.
What is a Sponsoring Entity in the context of this program?
The summary explains that the program recognizes Sponsoring Entities by providing TA support to strengthen their ability to help create new Certified CDFIs that will ultimately serve Native Communities. Specific definitions and requirements are provided in the NOFA.
How many awards did the CDFI Fund expect to make under this funding round?
The CDFI Fund anticipated making about 50 awards under this round.
What was the estimated total funding level for this competition?
The estimated total program funding level listed is $15,000,000.
Is there a minimum award amount?
Yes. The listing notes an award floor of $100,000.
Is there a maximum award amount?
Yes. The listing notes an award ceiling of $1,000,000.
Is cost sharing or matching required?
Yes. The listing states that cost sharing or matching is required, meaning recipients generally must provide matching funds or demonstrate eligible leveraged resources in accordance with the program's rules. The specific matching requirements and eligible sources are outlined in the NOFA.
Where are the official rules and application requirements defined?
The official Notice of Funds Availability (NOFA) is described as the controlling document for the competition, including eligibility details, matching requirements, eligible sources, compliance details, and application instructions. Applicants are directed to the CDFI Fund website for the full announcement materials.
When was the FY 2015 NACA Program posted?
The opportunity was posted on September 22, 2014.
What was the application deadline?
The application deadline was November 24, 2014.
When was this opportunity archived?
The opportunity was archived on November 25, 2014.
What does it mean that the opportunity is archived?
Based on the dates provided, the archived status indicates the posting is no longer an active application window for the FY 2015 round, since it was archived the day after the listed application deadline.
Which federal agency administers this program?
This program is administered by the Community Development Financial Institutions (CDFI) Fund.
What is the CFDA number associated with this program?
The opportunity is listed under CFDA 21.020, the Community Development Financial Institutions Program.
What is the Funding Opportunity Number for this program?
The Funding Opportunity Number provided is CDFI 2015 NACA.
Where should applicants go for application materials and detailed instructions?
Applicants are directed to the CDFI Fund website for the full announcement materials and detailed instructions.
Who can be contacted for technical difficulty accessing the announcement?
The contact provided for technical difficulty accessing the announcement is the IT Help Desk (Jay Santiago) at 202-653-0300.
How does this program support Native-serving CDFIs over time?
The summary frames the program as both a capacity-building and capital deployment initiative. Larger FA awards are used to increase lending power for Certified CDFIs already serving Native Communities, while TA grants are used to build operational strength for Certified, Certifiable, and Emerging CDFIs and to support Sponsoring Entities that help develop new Native-serving Certified CDFIs.
Is eligibility fully summarized in the short description?
No. The listing notes eligibility is not summarized in full in the short description and is instead deferred to the NOFA, with a general framing that eligible applicants fall under an "Others" category including relevant types of CDFIs and sponsoring organizations as defined by the CDFI Fund for this program.
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