Opportunity Information: Apply for CDFI 2012 NACA
Apply for CDFI 2012 NACA
- The Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "FY 2012 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 Nov 15, 2011 and posted on Nov 14, 2011.
- Applicants must submit their applications by Jan 18, 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 $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 FY 2012 Native American CDFI Assistance Program (NACA), offered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, is a discretionary grant opportunity designed to strengthen access to capital and financial services in Native communities by supporting Native Community Development Financial Institutions (Native CDFIs). The program provides two main types of support: Financial Assistance (FA) grants and Technical Assistance (TA) grants. In addition, it offers Technical Assistance specifically for organizations that are not yet Native CDFIs but intend to become one or to establish (create) a Native CDFI. The overall focus is community development, with the intent that awardees expand or improve lending, financial products, and institutional capacity in ways that benefit Native communities.
For FY 2012, the CDFI Fund anticipated making about 35 awards, with an estimated total funding amount of $12,000,000. Individual awards could range up to an award ceiling of $1,000,000, and the listing indicates an award floor of $1, suggesting that award sizes could vary widely depending on the applicant type, project scope, and what the CDFI Fund ultimately approved. The program is tied to CFDA number 21.020 (Community Development Financial Institutions Program). A cost sharing or matching requirement applies, meaning applicants should expect to contribute matching funds or eligible matching resources as described in the official Notice of Funds Availability (NOFA).
Eligibility depends heavily on the applicant's CDFI status. Organizations seeking Financial Assistance alone, or a combination of Financial Assistance and Technical Assistance, must be either (1) already certified as a Native CDFI by the CDFI Fund, or (2) able to be certified by the Fund at the time they apply. Entities that are classified as Emerging Native CDFIs or Sponsoring Entities are limited to applying for Technical Assistance and operating grants through NACA, rather than Financial Assistance. The full eligibility definitions, certification expectations, and any limitations on the use of funds are spelled out in the NOFA referenced in the announcement.
The opportunity was posted on November 14, 2011, with a closing deadline of January 18, 2012 (the original and current closing dates are the same), and the program archive date is January 19, 2012. Applicants were directed to the CDFI Fund website for the official NOFA and an additional information page containing the complete requirements, application instructions, and program details. For access issues with the electronic announcement, the contact listed is Jay Santiago at (202) 662-8024, along with the IT Help Desk as a support channel.
FY 2012 Native American CDFI Assistance Program (NACA) - FAQs
What is the FY 2012 Native American CDFI Assistance Program (NACA)?
The FY 2012 Native American CDFI Assistance Program (NACA) is a discretionary grant opportunity offered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund. It is intended to strengthen access to capital and financial services in Native communities by supporting Native Community Development Financial Institutions (Native CDFIs).
What is the main purpose or focus of NACA?
The overall focus is community development in Native communities. NACA is designed to help awardees expand or improve lending and financial products, and to build institutional capacity in ways that benefit Native communities.
What types of grants or assistance are offered under NACA?
NACA provides two main types of support: Financial Assistance (FA) grants and Technical Assistance (TA) grants. It also offers Technical Assistance for organizations that are not yet Native CDFIs but intend to become a Native CDFI or to establish (create) a Native CDFI.
What is the difference between Financial Assistance (FA) and Technical Assistance (TA) under NACA?
The announcement describes FA and TA as the two main types of support. FA is tied to supporting expansion or improvement of lending and financial products, while TA focuses on building or strengthening institutional capacity. Specific eligible uses and restrictions are described in the official Notice of Funds Availability (NOFA).
Does NACA provide support for organizations that are not yet Native CDFIs?
Yes. In addition to FA and TA for Native CDFIs, NACA includes Technical Assistance specifically for organizations that are not yet Native CDFIs but intend to become one or intend to establish (create) a Native CDFI.
Who is the awarding agency for this program?
The awarding agency is the U.S. Department of the Treasury, through its Community Development Financial Institutions (CDFI) Fund.
How much funding was anticipated for FY 2012 NACA?
For FY 2012, the CDFI Fund anticipated an estimated total funding amount of $12,000,000.
How many awards were anticipated for FY 2012?
The CDFI Fund anticipated making about 35 awards.
What is the minimum and maximum award size?
The listing indicates an award floor of $1 and an award ceiling of $1,000,000. This suggests award sizes could vary widely based on applicant type, project scope, and what the CDFI Fund approves.
Is there a matching or cost-share requirement?
Yes. A cost sharing or matching requirement applies, meaning applicants should expect to contribute matching funds or eligible matching resources as described in the official NOFA.
What CFDA number is associated with this opportunity?
This opportunity is tied to CFDA number 21.020, the Community Development Financial Institutions Program.
Who is eligible to apply for Financial Assistance (FA) under NACA?
Organizations seeking Financial Assistance alone, or a combination of Financial Assistance and Technical Assistance, must be either (1) already certified as a Native CDFI by the CDFI Fund, or (2) able to be certified by the Fund at the time they apply.
Can an organization apply for both Financial Assistance (FA) and Technical Assistance (TA)?
Yes. The announcement states that organizations may seek a combination of Financial Assistance and Technical Assistance, but FA (alone or combined with TA) requires the organization to be certified as a Native CDFI or able to be certified at the time of application.
Are Emerging Native CDFIs or Sponsoring Entities allowed to apply for Financial Assistance (FA)?
No. Entities classified as Emerging Native CDFIs or Sponsoring Entities are limited to applying for Technical Assistance and operating grants through NACA, rather than Financial Assistance.
Where are the detailed eligibility definitions and certification requirements explained?
The full eligibility definitions, certification expectations, and any limitations on the use of funds are spelled out in the official Notice of Funds Availability (NOFA) referenced in the announcement.
When was the opportunity posted?
The opportunity was posted on November 14, 2011.
What was the application deadline?
The closing deadline was January 18, 2012. The original and current closing dates were the same.
What is the archive date for this opportunity?
The program archive date is January 19, 2012.
Where were applicants directed to find the official requirements and application instructions?
Applicants were directed to the CDFI Fund website for the official NOFA and an additional information page containing complete requirements, application instructions, and program details.
Who should be contacted for access issues with the electronic announcement?
For access issues with the electronic announcement, the contact listed is Jay Santiago at (202) 662-8024. The IT Help Desk is also listed as a support channel.
What determines the final award amount?
The announcement indicates award sizes could vary widely and implies that the final amount depends on the applicant type, project scope, and what the CDFI Fund ultimately approves.
Does the announcement list specific restrictions or limitations on how funds may be used?
The announcement notes that limitations on the use of funds are described in the NOFA. The specific restrictions are not detailed in the summary information provided here.
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