Opportunity Information: Apply for CDFI 2015 NACA 2
Apply for CDFI 2015 NACA 2
- The Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "FY 2015 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 Mar 10, 2015 and posted on Jan 20, 2015.
- Applicants must submit their applications by Mar 11, 2015. (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 2015 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 community development finance in Native communities. The program focused on increasing access to capital, financial products, and development services by supporting Native Community Development Financial Institutions (Native CDFIs) as well as organizations working toward creating or becoming Native CDFIs. The assistance was offered through two main grant types: Financial Assistance (FA) and Technical Assistance (TA). In general terms, FA was intended to help eligible Native CDFIs expand financing and investment activity, while TA was designed to build organizational capacity, infrastructure, and operational readiness.
A notable feature of this FY 2015 round was a policy change related to matching funds. Because the FY 2015 appropriation included a waiver of the matching funds requirement for entities applying for FA awards through the NACA Program (and also certain other CDFI Fund initiatives), the CDFI Fund opened an additional 45-day application submission window. This extension was specifically meant to help eligible organizations that had not submitted an FA application by the prior deadline of November 24, 2014. It also allowed applicants who had already submitted SECA or NACA FA applications by the original deadline to update their award request information to reflect the matching funds waiver. Practically speaking, this meant applicants could request FA without having to provide the match that would normally be required, which lowered a common barrier to entry for smaller or resource-constrained organizations.
The opportunity was identified by Funding Opportunity Number "CDFI 2015 NACA 2" and was categorized as a grant under the community development activity area (CFDA 21.020, Community Development Financial Institutions Program). The CDFI Fund expected to make about 35 awards totaling an estimated $12,000,000. Individual awards ranged from a minimum of $1 up to a ceiling of $750,000, reflecting the program's flexibility to fund a wide range of project sizes and organizational needs. While the listing indicates cost sharing or matching was generally a requirement, the announcement text emphasizes that the FY 2015 appropriation included a waiver of the matching funds requirement for FA awards under the NACA Program for this cycle, which is why the extended window and update option were provided.
Eligibility depended on the type of funding sought. An organization applying for Financial Assistance (either FA alone or in combination with TA) had to be a certified Native CDFI or be able to be certified by the CDFI Fund at the time of application. Organizations described as Emerging Native CDFIs or Sponsoring Entities were limited to applying for Technical Assistance and operating grants through the NACA Program, rather than FA. The full eligibility definitions, certification requirements, and allowable uses of funds were referenced as being detailed in the official Notice of Funds Availability (NOFA) on the CDFI Fund's website, which served as the controlling document for program rules, scoring criteria, and application requirements.
Timing and administrative details were also clearly laid out in the source data. The opportunity was posted January 20, 2015, with an original closing date of March 5, 2015, and a current (extended) closing date of March 11, 2015. The archive date was March 12, 2015. Applicants were directed to a NACA Program webpage on the CDFI Fund's website for complete details and instructions. For technical issues accessing the announcement electronically, the contact provided was Jay Santiago at the CDFI Fund IT Help Desk, reachable by phone at 202-653-0326.
FY 2015 Native American CDFI Assistance (NACA) Program FAQs
What is the FY 2015 Native American CDFI Assistance (NACA) Program?
The FY 2015 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 community development finance in Native communities by increasing access to capital, financial products, and development services.
Who administered this grant opportunity?
The program was administered by the U.S. Department of the Treasury's CDFI Fund.
What is the Funding Opportunity Number for this program?
The Funding Opportunity Number was CDFI 2015 NACA 2.
What is the CFDA number and program category listed for this opportunity?
The opportunity was listed under CFDA 21.020, Community Development Financial Institutions Program, and categorized as a grant in the community development activity area.
What types of assistance were available under NACA?
The program offered two main grant types: Financial Assistance (FA) and Technical Assistance (TA).
What is Financial Assistance (FA) intended to support?
FA was intended, in general terms, to help eligible Native CDFIs expand financing and investment activity.
What is Technical Assistance (TA) intended to support?
TA was designed, in general terms, to build organizational capacity, infrastructure, and operational readiness.
How many awards were expected to be made, and what was the estimated total funding?
The CDFI Fund expected to make about 35 awards totaling an estimated $12,000,000.
What was the minimum and maximum award size?
Individual awards ranged from a minimum of $1 up to a maximum (ceiling) of $750,000.
Was cost sharing or matching required?
The listing indicates cost sharing or matching was generally a requirement. However, for this FY 2015 round, the announcement text emphasizes that the FY 2015 appropriation included a waiver of the matching funds requirement for entities applying for FA awards through the NACA Program.
What was notable about the FY 2015 matching funds policy?
A key policy change in FY 2015 was that the matching funds requirement for FA awards under the NACA Program was waived due to the FY 2015 appropriation. This reduced a common barrier for smaller or resource-constrained organizations seeking FA.
Why was there an additional 45-day application submission window?
The CDFI Fund opened an additional 45-day submission window because the FY 2015 appropriation included the match waiver for FA. The extension was meant to help eligible organizations that had not submitted an FA application by the prior deadline of November 24, 2014.
Who could use the extended window?
The extension was specifically intended for eligible organizations that had not submitted an FA application by the prior deadline of November 24, 2014.
Could applicants who already submitted an application update their request?
Yes. Applicants who had already submitted SECA or NACA FA applications by the original deadline could update their award request information to reflect the matching funds waiver.
Who was eligible to apply for Financial Assistance (FA)?
An organization applying for FA (either FA alone or in combination with TA) had to be a certified Native CDFI or be able to be certified by the CDFI Fund at the time of application.
Who was eligible to apply for Technical Assistance (TA)?
The information provided states that the program supported Native CDFIs as well as organizations working toward creating or becoming Native CDFIs. It also specifies that Emerging Native CDFIs or Sponsoring Entities were limited to applying for TA and operating grants through the NACA Program.
Can Emerging Native CDFIs or Sponsoring Entities apply for Financial Assistance (FA)?
No. Emerging Native CDFIs or Sponsoring Entities were limited to applying for Technical Assistance and operating grants under the NACA Program, rather than FA.
Where were the official eligibility definitions, certification requirements, allowable uses of funds, and scoring criteria described?
They were referenced as being detailed in the official Notice of Funds Availability (NOFA) on the CDFI Fund's website. The NOFA was described as the controlling document for program rules, scoring criteria, and application requirements.
What were the key dates for this opportunity?
The opportunity was posted on January 20, 2015. The original closing date was March 5, 2015, and the current (extended) closing date was March 11, 2015. The archive date was March 12, 2015.
Where were applicants directed for complete details and instructions?
Applicants were directed to a NACA Program webpage on the CDFI Fund's website for complete details and instructions.
Who should be contacted for technical issues accessing the announcement electronically?
For technical issues accessing the announcement electronically, the contact provided was Jay Santiago at the CDFI Fund IT Help Desk.
What is the phone number for the CDFI Fund IT Help Desk contact listed?
The phone number provided for Jay Santiago at the CDFI Fund IT Help Desk was 202-653-0326.
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