Opportunity Information: Apply for CDFI 2012 FATA
Apply for CDFI 2012 FATA
- The Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "FY 2012 CDFI Program Financial Assistance Technical Assistance Awards" 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 Nov 3, 2011 and posted on Nov 3, 2011.
- Applicants must submit their applications by Jan 11, 2012. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $123,000,000.00 to eligible and selected applicants.
- Each selected applicant is eligible to receive up to $2,000,000.00 in funding.
- The number of recipients for this funding is limited to 100 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
- Applicants must be certified as a Community Development Financial Institution (or CDFI) by the CDFI Fund, or be certifiable as a CDFI by the CDFI Fund. Please see the Notice of Funds Availability on the CDFI Funds website for more detailed information.
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Opportunity Summary:
The FY 2012 CDFI Program Financial Assistance and Technical Assistance Awards opportunity (Funding Opportunity Number: CDFI 2012 FATA) was a discretionary federal grant program administered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund. Its purpose was to strengthen the ability of mission-driven financial institutions to deliver credit, capital, and financial services in underserved communities. The program focused on generating measurable community development outcomes, either by deepening work in an existing Target Market or by expanding into new Investment Areas and/or serving Low Income Targeted Populations or other targeted groups identified by the CDFI Fund.
The opportunity offered two main types of support. Financial Assistance (FA) awards were intended for certified CDFIs that already had comprehensive business plans and were positioned to deploy funds in ways that produce clear community development impact. In practical terms, FA awards were aimed at helping CDFIs finance loans, investments, and related financial products and services, and also to support growth into new markets or populations when the applicant could demonstrate a credible strategy and the capacity to execute it. Technical Assistance (TA) grants, on the other hand, were designed to build organizational capacity. TA funding supported certified CDFIs as well as organizations that were not yet certified but proposed to become CDFIs, helping them improve systems, staffing, products, compliance, planning, and other foundational capabilities needed to serve their communities more effectively and to meet certification requirements where applicable.
The CDFI Fund expected to make about 100 awards under this funding round, with an estimated total program funding level of $123,000,000. Individual awards ranged from a minimum (award floor) of $1 to a maximum (award ceiling) of $2,000,000. The program fell under CFDA number 21.020 (Community Development Financial Institutions Program) and was categorized under the Community Development activity area. A cost sharing or matching requirement applied, meaning recipients were expected to contribute non-federal funds or resources consistent with the rules laid out in the official Notice of Funds Availability (NOFA).
Eligibility was limited to organizations that were either already certified as CDFIs by the CDFI Fund or were considered certifiable, with the NOFA serving as the controlling document for specific eligibility details and submission requirements. The public posting date for the opportunity was November 3, 2011, and applications were due by January 11, 2012, with the opportunity archived on January 12, 2012. Applicants were directed to the CDFI Fund's website for full program guidance and documentation. For technical issues accessing the announcement electronically, the listed point of contact was Jay Santiago at the IT Help Desk, (202) 662-2455.
Frequently Asked Questions (FAQs)
What is the FY 2012 CDFI Program Financial Assistance and Technical Assistance Awards opportunity?
The FY 2012 CDFI Program Financial Assistance and Technical Assistance Awards opportunity (Funding Opportunity Number: CDFI 2012 FATA) was a discretionary federal grant program administered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund. It was designed to strengthen mission-driven financial institutions that deliver credit, capital, and financial services in underserved communities.
What was the main purpose of this funding opportunity?
The purpose was to strengthen the ability of mission-driven financial institutions to produce measurable community development outcomes in underserved communities, either by deepening work in an existing Target Market or by expanding into new Investment Areas and/or serving Low Income Targeted Populations or other targeted groups identified by the CDFI Fund.
Who administered this program?
The program was administered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund.
What types of awards were available under this opportunity?
Two main types of support were offered: Financial Assistance (FA) awards and Technical Assistance (TA) grants.
What is Financial Assistance (FA) under this program?
Financial Assistance (FA) awards were intended for certified CDFIs that already had comprehensive business plans and were positioned to deploy funds in ways that produce clear community development impact. FA was aimed at helping CDFIs finance loans, investments, and related financial products and services, and to support growth into new markets or populations when the applicant could demonstrate a credible strategy and capacity to execute it.
What is Technical Assistance (TA) under this program?
Technical Assistance (TA) grants were designed to build organizational capacity. TA funding supported certified CDFIs as well as organizations that were not yet certified but proposed to become CDFIs, helping them improve systems, staffing, products, compliance, planning, and other foundational capabilities needed to serve their communities more effectively and (where applicable) meet CDFI certification requirements.
Who was eligible to apply?
Eligibility was limited to organizations that were either already certified as CDFIs by the CDFI Fund or were considered certifiable. The official Notice of Funds Availability (NOFA) was the controlling document for the specific eligibility details and submission requirements.
Could non-certified organizations apply for this funding?
Yes, for Technical Assistance (TA) specifically. The opportunity stated that TA funding supported certified CDFIs as well as organizations that were not yet certified but proposed to become CDFIs.
Did applicants need to demonstrate a plan for using the funds?
Yes. For Financial Assistance (FA), the opportunity emphasized that awards were intended for certified CDFIs with comprehensive business plans and the ability to deploy funds for clear community development impact, including the capacity to expand into new markets or populations when proposing to do so.
What kinds of activities or outcomes did the program emphasize?
The program emphasized generating measurable community development outcomes in underserved communities. It highlighted deepening work in an existing Target Market or expanding into new Investment Areas and/or serving Low Income Targeted Populations or other CDFI Fund-identified targeted groups.
How many awards did the CDFI Fund expect to make?
The CDFI Fund expected to make about 100 awards under this funding round.
What was the estimated total funding available?
The estimated total program funding level was $123,000,000.
What was the minimum and maximum award size?
Individual awards ranged from a minimum (award floor) of $1 to a maximum (award ceiling) of $2,000,000.
What is the Funding Opportunity Number for this program?
The Funding Opportunity Number was CDFI 2012 FATA.
What CFDA number applied to this opportunity?
This program fell under CFDA number 21.020, titled the Community Development Financial Institutions Program.
What activity area was this opportunity categorized under?
It was categorized under the Community Development activity area.
Was cost sharing or matching required?
Yes. A cost sharing or matching requirement applied, meaning recipients were expected to contribute non-federal funds or resources consistent with the rules in the official NOFA.
Where could applicants find the official rules and full guidance?
Applicants were directed to the CDFI Fund's website for full program guidance and documentation. The Notice of Funds Availability (NOFA) was identified as the controlling document.
When was this funding opportunity posted?
The public posting date was November 3, 2011.
What was the application deadline?
Applications were due by January 11, 2012.
When was the opportunity archived?
The opportunity was archived on January 12, 2012.
Who should be contacted for technical issues accessing the announcement electronically?
For technical issues accessing the announcement electronically, the listed point of contact was Jay Santiago at the IT Help Desk, (202) 662-2455.
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