Opportunity Information: Apply for CDFI 2014 NACA
Apply for CDFI 2014 NACA
- The Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "FY 2014 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 28, 2013 and posted on Oct 28, 2013.
- Applicants must submit their applications by Dec 23, 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 $750,000.00 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 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 2014 Native American CDFI Assistance (NACA) Program was a discretionary federal grant opportunity offered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund to strengthen the capacity of Native Community Development Financial Institutions and to support the creation of new Native CDFIs. The program was designed to expand access to capital, financial products, and development services in Native communities by providing two main types of support: Financial Assistance (FA) grants and Technical Assistance (TA) grants. In practical terms, FA was intended to help eligible Native CDFIs grow lending and investment activity, while TA focused on building organizational readiness, systems, staff capacity, and other core capabilities needed to operate effectively and sustainably.
The opportunity was published on October 28, 2013, under Funding Opportunity Number CDFI 2014 NACA, with an application deadline of December 23, 2013. The program was later archived on January 22, 2014. The CDFI Fund estimated a total of $12,000,000 available for awards, with an expectation of approximately 35 awards. Individual awards ranged from a floor of $1 to a ceiling of $750,000. The funding instrument type was listed as "Grant" and "Other," and the activity category aligned with community development. The program was associated with CFDA number 21.020, the Community Development Financial Institutions Program. There was no cost-sharing or matching requirement indicated for this opportunity.
Eligibility depended heavily on an applicant's certification status with the CDFI Fund and the type of assistance being requested. Organizations applying for Financial Assistance alone, or for a combination of Financial Assistance and Technical Assistance, needed to be certified Native CDFIs or be able to be certified by the CDFI Fund at the time they applied. In contrast, organizations that were classified as Emerging Native CDFIs or Sponsoring Entities were limited to applying for Technical Assistance and operating grants under the NACA Program. This structure reflects the program's intent to direct capital-like support (FA) to institutions that already met or could meet the federal definition and requirements of a Native CDFI, while allowing newer or partner organizations to build capacity through TA as they worked toward certification or toward establishing a new Native CDFI.
The official program guidance and detailed requirements were contained in the Notice of Funds Availability (NOFA) posted on the CDFI Fund's website, and applicants were expected to rely on that NOFA for definitions, allowable uses of funds, reporting obligations, and application instructions. For assistance accessing the full announcement, the point of contact listed was Jay Santiago at (202) 653-0326.
FY 2014 Native American CDFI Assistance (NACA) Program FAQs
What is the FY 2014 Native American CDFI Assistance (NACA) Program?
The FY 2014 NACA Program was a discretionary federal grant opportunity offered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund. Its purpose was to strengthen the capacity of Native Community Development Financial Institutions (Native CDFIs) and support the creation of new Native CDFIs, with the broader goal of expanding access to capital, financial products, and development services in Native communities.
Who administered this grant opportunity?
The opportunity was administered by the U.S. Department of the Treasury's CDFI Fund.
What were the main types of awards offered under the NACA Program?
The program provided two main types of support: Financial Assistance (FA) grants and Technical Assistance (TA) grants.
What was Financial Assistance (FA) intended to support?
Financial Assistance (FA) was intended to help eligible Native CDFIs grow lending and investment activity. In practical terms, it was designed as capital-like support to expand a Native CDFI's financing and investment work in its community.
What was Technical Assistance (TA) intended to support?
Technical Assistance (TA) was intended to build organizational readiness and core capabilities. This included strengthening systems, staff capacity, and other foundational functions needed to operate effectively and sustainably.
What was the Funding Opportunity Number for this program?
The Funding Opportunity Number was CDFI 2014 NACA.
When was the opportunity published?
The opportunity was published on October 28, 2013.
What was the application deadline?
The application deadline was December 23, 2013.
When was the opportunity archived?
The opportunity was archived on January 22, 2014.
How much funding was expected to be available in total?
The CDFI Fund estimated a total of $12,000,000 available for awards.
About how many awards were expected to be made?
The CDFI Fund expected approximately 35 awards.
What was the minimum and maximum award size?
Individual awards ranged from a floor of $1 to a ceiling of $750,000.
What type of funding instrument was used for this opportunity?
The funding instrument type was listed as "Grant" and "Other."
What activity category did this opportunity align with?
The activity category aligned with community development.
What CFDA number was associated with this program?
The program was associated with CFDA number 21.020, the Community Development Financial Institutions Program.
Was cost sharing or matching required?
No cost-sharing or matching requirement was indicated for this opportunity.
Who could apply for Financial Assistance (FA) under this program?
Organizations applying for Financial Assistance alone, or applying for a combination of Financial Assistance and Technical Assistance, needed to be certified Native CDFIs or be able to be certified by the CDFI Fund at the time they applied.
Could an applicant apply for both Financial Assistance (FA) and Technical Assistance (TA)?
Yes. The program allowed applications for a combination of Financial Assistance and Technical Assistance, but applicants seeking FA (alone or with TA) needed to meet the Native CDFI certification requirement described in the program information.
Who was limited to applying for Technical Assistance (TA) and operating grants?
Organizations classified as Emerging Native CDFIs or Sponsoring Entities were limited to applying for Technical Assistance and operating grants under the NACA Program.
Why did the program distinguish between FA eligibility and TA-only eligibility?
The structure was intended to direct Financial Assistance to institutions that already met, or could meet, the federal definition and requirements of a Native CDFI, while still allowing newer or partner organizations (such as Emerging Native CDFIs or Sponsoring Entities) to build capacity through Technical Assistance as they worked toward certification or toward establishing a new Native CDFI.
Where were the official requirements and application instructions published?
The official program guidance and detailed requirements were contained in the Notice of Funds Availability (NOFA) posted on the CDFI Fund's website. Applicants were expected to rely on the NOFA for definitions, allowable uses of funds, reporting obligations, and application instructions.
Where could applicants find definitions, allowable uses, and reporting obligations?
Those details were provided in the program's NOFA on the CDFI Fund's website.
Who was the point of contact for help accessing the full announcement?
The point of contact listed for assistance accessing the full announcement was Jay Santiago at (202) 653-0326.
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