Opportunity Information: Apply for CDFI 2017 NACA
The Fiscal Year 2017 NACA Program (Funding Opportunity Number: CDFI 2017 NACA) is a discretionary grant opportunity offered by the U.S. Department of the Treasury through the Community Development Financial Institutions (CDFI) Fund. It falls under the community development funding activity category (CFDA 21.020) and is designed to strengthen access to financial products and services in Native communities by supporting Native Community Development Financial Institutions (Native CDFIs) and organizations working to establish or build Native CDFI capacity.
This program provides two main types of support. First, it offers Financial Assistance (FA) awards with a maximum award amount (award ceiling) of up to $1,000,000 per award. These FA awards are intended to help eligible Native CDFIs expand or strengthen their financing activities, which can include efforts like increasing lending capital, improving the ability to serve Native borrowers, and growing the scale of community development finance operations. Second, it offers Technical Assistance (TA) grants of up to $150,000. TA funding is aimed at building organizational capacity rather than directly capitalizing lending, and can support needs such as staff training, strategic planning, financial systems, governance improvements, product development, or other operational upgrades that help a Native CDFI become more effective and sustainable.
A notable feature of this opportunity is that Technical Assistance funding is not limited only to existing Native CDFIs. TA grants of up to $150,000 are also available to entities that are not yet Native CDFIs but are working toward becoming one, or that plan to create a Native CDFI. In other words, the program can support both established Native CDFIs and organizations in the pipeline that are developing the structure, systems, and readiness needed to launch a Native CDFI or to obtain the relevant certification.
The opportunity was created on February 23, 2017, with an original application closing date of March 24, 2017. The CDFI Fund projected approximately 42 awards under this funding round. The eligibility category in the listing is described broadly as "Others," with clarification provided in the official Notice of Funds Availability (NOFA). Applicants are expected to rely on the NOFA posted on the CDFI Fund website for the full requirements, including precise eligibility definitions, application components, allowable uses of funds, evaluation criteria, and any compliance or reporting obligations tied to receiving an award.
In practical terms, the FY 2017 NACA Program is structured to do two things at once: provide substantial capital-level support (through FA awards up to $1 million) to help Native CDFIs expand financing in Native communities, and provide targeted capacity-building support (through TA grants up to $150,000) both to strengthen existing Native CDFIs and to help new or emerging organizations develop into viable Native CDFIs.Apply for CDFI 2017 NACA
- The Department of the Treasury, Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "Fiscal Year 2017 NACA Program" 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 23, 2017.
- Applicants must submit their applications by Mar 24, 2017. (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 42 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
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FY 2017 NACA Program (CDFI 2017 NACA) - Frequently Asked Questions
What is the FY 2017 NACA Program?
The Fiscal Year 2017 NACA Program is a discretionary grant opportunity offered by the U.S. Department of the Treasury through the Community Development Financial Institutions (CDFI) Fund. It is a community development funding activity (CFDA 21.020) focused on strengthening access to financial products and services in Native communities.
Who is the funding agency for this opportunity?
The funding agency is the U.S. Department of the Treasury, administered through the Community Development Financial Institutions (CDFI) Fund.
What is the Funding Opportunity Number (FON)?
The Funding Opportunity Number is CDFI 2017 NACA.
What is the CFDA number for this program?
The CFDA number listed for this program is 21.020.
What is the purpose of the NACA Program?
The program is designed to strengthen access to financial products and services in Native communities by supporting Native Community Development Financial Institutions (Native CDFIs) and organizations working to establish or build Native CDFI capacity.
What types of awards are available under this opportunity?
This opportunity provides two main types of support: Financial Assistance (FA) awards and Technical Assistance (TA) grants.
What is a Financial Assistance (FA) award under this program?
A Financial Assistance (FA) award is funding intended to help eligible Native CDFIs expand or strengthen their financing activities. Examples described include increasing lending capital, improving the ability to serve Native borrowers, and growing the scale of community development finance operations.
What is the maximum amount for a Financial Assistance (FA) award?
The maximum award amount (award ceiling) for an FA award is up to $1,000,000 per award.
What is a Technical Assistance (TA) grant under this program?
A Technical Assistance (TA) grant is funding aimed at building organizational capacity rather than directly capitalizing lending. It can support needs such as staff training, strategic planning, financial systems, governance improvements, product development, and other operational upgrades that help a Native CDFI become more effective and sustainable.
What is the maximum amount for a Technical Assistance (TA) grant?
The maximum award amount for a TA grant is up to $150,000.
Can organizations that are not yet Native CDFIs apply for funding?
Yes. A notable feature of this opportunity is that Technical Assistance (TA) funding is available not only to existing Native CDFIs, but also to entities that are not yet Native CDFIs and are working toward becoming one, or that plan to create a Native CDFI.
Can non-Native CDFI entities apply for Financial Assistance (FA) awards?
Based on the information provided, FA awards are intended to help eligible Native CDFIs expand or strengthen financing activities. Precise eligibility definitions are provided in the official Notice of Funds Availability (NOFA) on the CDFI Fund website.
Is Technical Assistance (TA) funding meant to be used for lending capital?
No. The information provided states that TA funding is aimed at building organizational capacity rather than directly capitalizing lending.
What kinds of activities can FA funding support?
The description notes FA awards are intended to help eligible Native CDFIs expand or strengthen financing activities. Examples include increasing lending capital, improving the ability to serve Native borrowers, and growing the scale of community development finance operations.
What kinds of activities can TA funding support?
The description includes examples such as staff training, strategic planning, financial systems, governance improvements, product development, and other operational upgrades that support effectiveness and sustainability.
When was this funding opportunity created?
The opportunity was created on February 23, 2017.
What was the original application closing date?
The original application closing date was March 24, 2017.
Approximately how many awards were expected under this funding round?
The CDFI Fund projected approximately 42 awards under this funding round.
How is the eligibility category described in the listing?
The eligibility category in the listing is described broadly as "Others," with clarification provided in the official Notice of Funds Availability (NOFA).
Where can applicants find the full requirements and official details?
Applicants are expected to rely on the official Notice of Funds Availability (NOFA) posted on the CDFI Fund website for full requirements, including precise eligibility definitions, application components, allowable uses of funds, evaluation criteria, and any compliance or reporting obligations tied to receiving an award.
What should applicants review to understand allowable uses of funds and reporting requirements?
The information provided indicates that allowable uses of funds, evaluation criteria, and compliance or reporting obligations are detailed in the official NOFA on the CDFI Fund website.
In practical terms, what does the program aim to accomplish?
In practical terms, the program is structured to provide capital-level support through FA awards (up to $1 million) to help Native CDFIs expand financing in Native communities, and targeted capacity-building support through TA grants (up to $150,000) to strengthen existing Native CDFIs and help new or emerging organizations develop into viable Native CDFIs.
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