Opportunity Information: Apply for CDFI 2016 NACA
Apply for CDFI 2016 NACA
- The USDOT-CDFI in the community development sector is offering a public funding opportunity titled "FY 2016 Native American CDFI Assistance" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 21.020.
- This funding opportunity was created on Feb 17, 2016 and posted on Feb 17, 2016.
- Applicants must submit their applications by Mar 18, 2016. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- 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 40 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
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Opportunity Summary:
The FY 2016 Native American CDFI Assistance (NACA) grant opportunity is a discretionary federal funding program administered by the CDFI Fund to strengthen community development finance in Native communities. Its core purpose is to expand access to responsible lending and financial services in eligible Target Markets by supporting Native Community Development Financial Institutions (CDFIs) and organizations that are working toward becoming Native CDFIs. The program is structured to help both established institutions that are ready to deploy more capital and newer or developing organizations that need to build the internal capacity required to operate effectively as mission-driven lenders.
NACA offers two main types of support: Financial Assistance (FA) and Technical Assistance (TA). Financial Assistance awards are geared toward Certified CDFIs and are intended to build their financial capacity to lend, invest, and otherwise deliver financial products in the communities they serve. Under this funding opportunity, FA awards can be as high as $1,000,000 per awardee, reflecting an emphasis on scaling lending and investment activity in Native Target Markets. Technical Assistance grants, by contrast, are designed to build organizational strength and readiness. TA awards can be up to $150,000 and are available not only to Certified Native CDFIs, but also to Certifiable and Emerging CDFIs, as well as other entities that are, will become, or will create a Native CDFI. In practical terms, TA funding is typically used to improve things like staffing, systems, policies, financial management, governance, strategic planning, and other foundational capabilities needed to sustainably serve the Target Market.
From an administrative standpoint, this opportunity is listed as a grant (Funding Instrument Type: Grant) under the Community Development activity category, with CFDA number 21.020. The opportunity number is CDFI 2016 NACA, and it was posted on February 17, 2016, with an application closing date of March 18, 2016. The award ceiling published for the opportunity is $1,000,000, and the program anticipated making about 40 awards. Eligibility is summarized broadly as “Others,†with applicants directed to consult the official Notice of Funds Availability (NOFA) on the CDFI Fund’s website for the precise eligibility definitions, application requirements, and any additional rules tied to applicant status (such as Certified versus Certifiable or Emerging).
Overall, the opportunity is aimed at increasing the reach and effectiveness of Native CDFIs by pairing larger-scale capital support for established lenders with targeted capacity-building support for institutions at earlier stages of development. The intent is to strengthen local financial infrastructure in Native communities so that more residents and businesses can access fair credit and related financial services aligned with community development goals.
FY 2016 Native American CDFI Assistance (NACA) Grant Opportunity FAQs
What is the FY 2016 Native American CDFI Assistance (NACA) program?
The FY 2016 Native American CDFI Assistance (NACA) program is a discretionary federal funding opportunity administered by the CDFI Fund. It is designed to strengthen community development finance in Native communities by expanding access to responsible lending and financial services in eligible Target Markets.
What is the main purpose of NACA?
NACA aims to increase the reach and effectiveness of Native Community Development Financial Institutions (CDFIs). It does this by supporting (1) established Native CDFIs that are ready to deploy more capital and (2) organizations working toward becoming Native CDFIs that need to build internal capacity to operate effectively as mission-driven lenders.
Who administers this grant opportunity?
The program is administered by the CDFI Fund.
What types of awards are available under NACA?
NACA offers two main types of support: Financial Assistance (FA) and Technical Assistance (TA).
What is Financial Assistance (FA) and what is it used for?
Financial Assistance (FA) is geared toward Certified CDFIs and is intended to build their financial capacity to lend, invest, and otherwise deliver financial products in the communities they serve. The emphasis is on scaling lending and investment activity in Native Target Markets.
What is the maximum Financial Assistance (FA) award amount?
FA awards can be as high as $1,000,000 per awardee.
What is Technical Assistance (TA) and what is it used for?
Technical Assistance (TA) is designed to build organizational strength and readiness, especially for entities that need capacity-building to sustainably serve their Target Market. TA funding is typically used to improve foundational capabilities such as staffing, systems, policies, financial management, governance, and strategic planning.
What is the maximum Technical Assistance (TA) award amount?
TA awards can be up to $150,000.
Who is eligible to apply for Financial Assistance (FA)?
FA awards are intended for Certified CDFIs.
Who is eligible to apply for Technical Assistance (TA)?
TA awards are available to Certified Native CDFIs and also to Certifiable and Emerging CDFIs, as well as other entities that are, will become, or will create a Native CDFI.
Does this opportunity support organizations that are not yet Certified CDFIs?
Yes. The program description states that TA funding can support Certifiable and Emerging CDFIs and other entities that are, will become, or will create a Native CDFI.
What activity category is associated with this funding opportunity?
The opportunity is listed under the Community Development activity category.
What is the funding instrument type for this opportunity?
The funding instrument type is Grant.
What is the CFDA number for this program?
The CFDA number listed for this opportunity is 21.020.
What is the opportunity number?
The opportunity number is CDFI 2016 NACA.
When was the opportunity posted?
The opportunity was posted on February 17, 2016.
What is the application closing date?
The application closing date listed is March 18, 2016.
What is the published award ceiling for this opportunity?
The published award ceiling is $1,000,000.
How many awards were anticipated?
The program anticipated making about 40 awards.
What does the eligibility category “Others†mean in this listing?
The eligibility summary is described broadly as “Others,†and applicants are directed to consult the official Notice of Funds Availability (NOFA) on the CDFI Fund website for precise eligibility definitions, application requirements, and rules tied to applicant status (for example, Certified versus Certifiable or Emerging).
Where should applicants look for the official eligibility rules and application requirements?
Applicants are directed to consult the official Notice of Funds Availability (NOFA) on the CDFI Fund website for the detailed eligibility definitions, application requirements, and any additional rules based on applicant status.
What are “Target Markets†in the context of this opportunity?
The program focuses on expanding access to responsible lending and financial services in eligible Target Markets, as described in the opportunity information. Specific definitions and requirements related to Target Markets are referenced as being available in the official NOFA.
How does NACA support both established and newer organizations?
The program is structured to help established institutions through larger-scale Financial Assistance to expand lending and investment activity, while also helping newer or developing organizations through Technical Assistance that builds the internal capacity needed to operate effectively as mission-driven lenders.
What outcomes is NACA trying to achieve in Native communities?
The intent is to strengthen local financial infrastructure in Native communities so more residents and businesses can access fair credit and related financial services aligned with community development goals.
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