Opportunity Information: Apply for CDFI 2009 NACA
Apply for CDFI 2009 NACA
- The Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "NACA Program 2009" 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 Sep 29, 2008 and posted on Sep 29, 2008.
- Applicants must submit their applications by Dec 19, 2008. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $8,000,000.00 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 NACA Program 2009 (Funding Opportunity Number: CDFI 2009 NACA) 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 supporting Native Community Development Financial Institutions (Native CDFIs) by providing Financial Assistance (FA) and Technical Assistance (TA) grants, and it also provided Technical Assistance support for organizations working toward becoming a Native CDFI or creating one. The overall goal was to expand access to responsible financial products and services in Native communities by helping eligible institutions build capacity, grow lending and investment activity, and improve operational readiness.
This opportunity fell under the Community Development Financial Institutions Program (CFDA Number 21.020) and was structured primarily as a grant funding vehicle, with an "Other" designation also noted under funding instrument type. The CDFI Fund anticipated making about 35 awards under this round, with an estimated total program funding level of $8,000,000. Individual awards ranged from a floor of $1 to a ceiling of $1,000,000, signaling that awards could vary widely depending on applicant eligibility, need, and the scope of the proposed activities. A cost sharing or matching requirement applied, meaning award recipients would be expected to contribute matching funds or otherwise meet the program's matching rules as detailed in the official Notice of Funds Availability (NOFA).
Eligibility depended on the type of funding being sought. Organizations applying for Financial Assistance only, or for a combination of Financial Assistance and Technical Assistance, had to be either a certified Native CDFI at the time of application or able to be certified by the CDFI Fund at the time of application. In contrast, entities categorized as Emerging Native CDFIs or Sponsoring Entities were limited to applying for Technical Assistance and operating grants through the NACA Program. The program materials emphasized that detailed definitions, certification requirements, and specific eligibility standards were provided in the NOFA posted on the CDFI Fund's website, and applicants were expected to rely on that document for the official rules governing who could apply and what activities were fundable.
The timeline for the NACA Program 2009 reflected a typical federal grant cycle. The funding notice was posted on September 29, 2008, and the application deadline was December 19, 2008 (with the original and current closing dates matching). The opportunity was archived on December 20, 2008, indicating it was no longer open for applications after that point. Applicants who needed help accessing the full announcement were directed to contact Bryan Mercier, NACA Program Advisor, at 202-622-8704. For comprehensive requirements, application instructions, and program specifics, the CDFI Fund pointed applicants to the NOFA and the program webpage containing the full set of relevant details.
FAQs - NACA Program 2009 (CDFI 2009 NACA)
What is the NACA Program 2009?
The NACA Program 2009 (Funding Opportunity Number: CDFI 2009 NACA) 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 supporting Native Community Development Financial Institutions (Native CDFIs) and organizations working toward becoming a Native CDFI or creating one.
Which federal agency offered this grant opportunity?
This opportunity was offered by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund.
What was the main goal of the program?
The overall goal was to expand access to responsible financial products and services in Native communities by helping eligible institutions build capacity, grow lending and investment activity, and improve operational readiness.
What types of funding were available under NACA Program 2009?
The program provided Financial Assistance (FA) and Technical Assistance (TA) grants for Native CDFIs. It also provided Technical Assistance support for organizations working toward becoming a Native CDFI or creating one.
What is the CFDA number associated with this opportunity?
This opportunity fell under the Community Development Financial Institutions Program with CFDA Number 21.020.
What was the funding instrument type for this opportunity?
The opportunity was structured primarily as a grant funding vehicle, and an "Other" designation was also noted under the funding instrument type.
How many awards did the CDFI Fund expect to make?
The CDFI Fund anticipated making about 35 awards under this funding round.
What was the estimated total funding available?
The estimated total program funding level for this round was $8,000,000.
What was the minimum and maximum award size?
Individual awards ranged from a floor of $1 to a ceiling of $1,000,000, meaning award amounts could vary widely depending on eligibility, need, and the scope of proposed activities.
Was there a matching or cost-sharing requirement?
Yes. A cost sharing or matching requirement applied, meaning award recipients were expected to contribute matching funds or otherwise meet the program's matching rules as detailed in the official Notice of Funds Availability (NOFA).
Who was eligible to apply for Financial Assistance (FA) funding?
Organizations applying for Financial Assistance only, or for a combination of Financial Assistance and Technical Assistance, had to be either a certified Native CDFI at the time of application or able to be certified by the CDFI Fund at the time of application.
Who could apply for Technical Assistance (TA) only?
Entities categorized as Emerging Native CDFIs or Sponsoring Entities were limited to applying for Technical Assistance and operating grants through the NACA Program.
Could an organization apply for both FA and TA?
Yes, but only organizations that were a certified Native CDFI at the time of application or could be certified by the CDFI Fund at the time of application were eligible to apply for a combination of FA and TA.
Where were the official definitions and eligibility requirements published?
The program materials stated that detailed definitions, certification requirements, and specific eligibility standards were provided in the official Notice of Funds Availability (NOFA) posted on the CDFI Fund's website, and applicants were expected to rely on that document for the official rules.
When was the funding notice posted?
The funding notice was posted on September 29, 2008.
What was the application deadline?
The application deadline was December 19, 2008, and the original and current closing dates matched.
Is this opportunity still open?
No. The opportunity was archived on December 20, 2008, indicating it was no longer open for applications after that point.
What kinds of activities was the program intended to support?
Based on the program description, the program was intended to support activities that build institutional capacity, increase lending and investment activity, and improve operational readiness to expand access to responsible financial products and services in Native communities. Specific fundable activities and rules were provided in the NOFA.
Where could applicants find application instructions and full program details?
Applicants were directed to the NOFA and the program webpage on the CDFI Fund's website for comprehensive requirements, application instructions, and program specifics.
Who could applicants contact for help accessing the full announcement?
Applicants who needed help accessing the full announcement were directed to contact Bryan Mercier, NACA Program Advisor, at 202-622-8704.
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