Opportunity Information: Apply for CDFI 2011 NACA
Apply for CDFI 2011 NACA
- The Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "FY 2011 Native American CDFI Assistance 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 Oct 29, 2010 and posted on Oct 29, 2010.
- Applicants must submit their applications by Dec 22, 2010. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $10,000,000.00 to eligible and selected applicants.
- Each selected applicant is eligible to receive up to $750,000.00 in funding.
- The number of recipients for this funding is limited to 45 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 CDFI 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 FY 2011 Native American CDFI Assistance (NACA) Program was a discretionary federal grant opportunity administered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund. Its purpose was to strengthen and expand community development finance in Native communities by funding Native Community Development Financial Institutions (Native CDFIs) and supporting organizations working to create or become Native CDFIs. The program focused on increasing access to responsible financial products and services in Native communities by helping institutions build capacity, grow their lending and investment activity, and improve the systems and expertise needed to operate sustainably.
This opportunity offered two main types of support: Financial Assistance (FA) and Technical Assistance (TA). Financial Assistance was intended for eligible Native CDFIs to deploy capital and expand financing activities aligned with community development goals, while Technical Assistance supported the operational and organizational capacity needed to run or launch a Native CDFI. TA could cover needs such as staff training, financial management systems, strategic planning, product development, risk management, and other core infrastructure that helps a CDFI deliver services effectively. In addition to certified Native CDFIs, the program also reserved a pathway for entities that were not yet certified but were preparing to become certified or planning to create a Native CDFI, recognizing that newer institutions often need early-stage operating support and technical groundwork before they can scale.
Eligibility depended on the type of funding requested. Organizations applying for Financial Assistance only, or a combination of Financial Assistance and Technical Assistance, needed to be certified as a Native CDFI or be able to obtain certification by the CDFI Fund at the time of application. Emerging Native CDFIs and Sponsoring Entities were limited to applying for Technical Assistance and operating grants under this program, which reflects the program's emphasis on ensuring that FA dollars go to institutions ready to manage and deploy larger amounts of capital, while still enabling early-stage organizations to build toward certification and operational readiness. The listing also notes that eligible applicants were categorized as "Others" with further clarification provided in the official Notice of Funds Availability (NOFA) on the CDFI Fund website, indicating that applicants were expected to rely on the NOFA for definitions, documentation requirements, and detailed eligibility rules.
The funding opportunity (Funding Opportunity Number CDFI 2011 NACA) was posted on October 29, 2010, with an application closing date of December 22, 2010, and an archive date of December 23, 2010. The CDFI Fund estimated a total of $10,000,000 available for awards and anticipated making about 45 awards. Individual awards ranged from a stated minimum of $1 to a maximum (award ceiling) of $750,000, with actual award sizes presumably depending on applicant qualifications, proposed uses of funds, and the funding priorities outlined in the NOFA. The CFDA number associated with this program was 21.020 (Community Development Financial Institutions Program), and the activity category was Community Development.
A cost-sharing or matching requirement applied, meaning awardees were expected to contribute matching funds or meet a cost-share threshold as part of the grant structure. The specific match ratio, what counts as match, timing rules, and documentation standards would be defined in the NOFA. Because match requirements can significantly affect application competitiveness and feasibility, applicants typically needed to plan for committed sources of match funding and demonstrate the ability to meet those obligations under the program rules.
For applicants and stakeholders seeking the authoritative requirements, evaluation criteria, permitted uses of funds, and application instructions, the primary reference point was the NOFA hosted on the CDFI Fund website, linked through the Additional Information section of the announcement. For technical problems accessing the announcement electronically, the notice directed users to the CDFI Fund IT Help Desk at (202) 622-2455, with an email contact also indicated in the posting.
FY 2011 Native American CDFI Assistance (NACA) Program FAQs
What is the FY 2011 Native American CDFI Assistance (NACA) Program?
The FY 2011 Native American CDFI Assistance (NACA) Program was a discretionary federal grant opportunity administered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund. It was designed to strengthen and expand community development finance in Native communities by funding Native Community Development Financial Institutions (Native CDFIs) and supporting organizations working to create or become Native CDFIs.
What was the purpose of the NACA Program?
The program aimed to increase access to responsible financial products and services in Native communities. It focused on helping institutions build capacity, grow lending and investment activity, and improve the systems and expertise needed to operate sustainably.
Who administered this grant opportunity?
The program was administered by the U.S. Department of the Treasury's CDFI Fund.
What kinds of funding were available under this opportunity?
The opportunity offered two main types of support: Financial Assistance (FA) and Technical Assistance (TA).
What is Financial Assistance (FA) in this program?
Financial Assistance (FA) was intended for eligible Native CDFIs to deploy capital and expand financing activities aligned with community development goals.
What is Technical Assistance (TA) in this program?
Technical Assistance (TA) supported the operational and organizational capacity needed to run or launch a Native CDFI. TA could cover needs such as staff training, financial management systems, strategic planning, product development, risk management, and other core infrastructure that helps a CDFI deliver services effectively.
Could an applicant request both FA and TA?
Yes. The opportunity allowed applications for Financial Assistance only, or a combination of Financial Assistance and Technical Assistance, as long as the applicant met the eligibility requirements tied to FA.
Were non-certified organizations allowed to apply?
The program recognized a pathway for entities that were not yet certified but were preparing to become certified or planning to create a Native CDFI. These early-stage organizations were able to seek support focused on building the groundwork needed for certification and operational readiness.
Who was eligible to apply for Financial Assistance (FA)?
Organizations applying for Financial Assistance only, or a combination of Financial Assistance and Technical Assistance, needed to be certified as a Native CDFI or be able to obtain certification by the CDFI Fund at the time of application.
Who was eligible to apply for Technical Assistance (TA) only?
Emerging Native CDFIs and Sponsoring Entities were limited to applying for Technical Assistance and operating grants under this program.
Why were Emerging Native CDFIs and Sponsoring Entities limited to TA and operating grants?
The listing reflects an emphasis on directing Financial Assistance dollars to institutions ready to manage and deploy larger amounts of capital, while still enabling early-stage organizations to build toward certification and operational readiness through Technical Assistance and operating support.
How were eligible applicants categorized in the listing?
Eligible applicants were categorized as "Others," with further clarification expected to be provided in the official Notice of Funds Availability (NOFA) on the CDFI Fund website.
Where could applicants find the official definitions and detailed eligibility rules?
Applicants were expected to rely on the official Notice of Funds Availability (NOFA) hosted on the CDFI Fund website for definitions, documentation requirements, and detailed eligibility rules.
What was the Funding Opportunity Number for this program?
The Funding Opportunity Number was CDFI 2011 NACA.
When was the opportunity posted?
The opportunity was posted on October 29, 2010.
What was the application deadline?
The application closing date was December 22, 2010.
When was the opportunity archived?
The archive date was December 23, 2010.
How much funding was expected to be available in total?
The CDFI Fund estimated a total of $10,000,000 available for awards.
About how many awards were anticipated?
Approximately 45 awards were anticipated.
What was the minimum and maximum award size?
The stated minimum award was $1 and the award ceiling (maximum) was $750,000. Actual award sizes were expected to depend on applicant qualifications, proposed uses of funds, and the funding priorities outlined in the NOFA.
What CFDA number was associated with this program?
The CFDA number associated with this program was 21.020 (Community Development Financial Institutions Program).
What was the activity category for this opportunity?
The activity category listed for this opportunity was Community Development.
Was there a cost-sharing or matching requirement?
Yes. A cost-sharing or matching requirement applied, meaning awardees were expected to contribute matching funds or meet a cost-share threshold as part of the grant structure.
Where would an applicant find the match ratio and what counts as match?
The specific match ratio, what counts as match, timing rules, and documentation standards were expected to be defined in the NOFA.
Why is the matching requirement important for applicants?
Match requirements can significantly affect application competitiveness and feasibility. Applicants typically needed to plan for committed sources of match funding and demonstrate the ability to meet those obligations under the program rules described in the NOFA.
Where could applicants find the authoritative program requirements and evaluation criteria?
The primary reference point for authoritative requirements, evaluation criteria, permitted uses of funds, and application instructions was the NOFA hosted on the CDFI Fund website, linked through the Additional Information section of the announcement.
Who should applicants contact if they had technical problems accessing the announcement electronically?
For technical problems accessing the announcement electronically, the notice directed users to the CDFI Fund IT Help Desk at (202) 622-2455. An email contact was also indicated in the posting.
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