Capitalized terms in this NOFA are defined in the Regulations, this NOFA, the Application, or the Uniform Administrative Requirements. Start Printed 3The CDFI Fund encourages Applicants to review the Regulations, this NOFA, the Application, and the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ( 2 CFR part 200 78 FR 78590) (Uniform Administrative Requirements) for a complete understanding of the NACA Program. Program Regulations: The regulations governing the CDFI Program are found at 12 CFR parts 18 (the Regulations), and are used by the CDFI Fund to govern, in general, the NACA Program, setting forth evaluation criteria and other program requirements. These organizations, Certified as CDFIs by the CDFI Fund, serve Native Communities.Ĭ. Priorities: Through the NACA Program's FA awards and TA grants, the CDFI Fund invests in and builds the capacity of for-profit and non-profit community based lending organizations known as Community Development Financial Institutions, or CDFIs.
In addition, the CDFI Fund has allocated more than $43 billion in tax credit allocation authority through the New Markets Tax Credit Program (NMTC Program) and has obligated $852 million in bond guarantees to Eligible CDFIs through the CDFI Bond Guarantee Program.ī. Since its creation in 1994, the CDFI Fund has awarded over $2 billion to CDFIs, community development organizations, and financial institutions through the Community Development Financial Institutions Program (CDFI Program), the Native American CDFI Assistance Program (NACA Program), the Bank Enterprise Award Program (BEA Program), the Capital Magnet Fund, and the Financial Education and Counseling Pilot Program. History: The CDFI Fund was established by the Riegle Community Development Banking and Financial Institutions Act of 1994 to promote economic revitalization and community development through investment in and assistance to CDFIs. All awards provided through this NOFA are subject to funding availability. Census Bureau-designated Tribal Statistical Areas (collectively, “Native Communities”) to build their financial capacity to lend to their Target Markets, and (ii) TA grants of up to $150,000 to build Certified, Certifiable, and Emerging CDFIs' organizational capacity to serve their Target Markets and Sponsoring Entities ability to create Certified CDFIs that serve Native Communities. SF424 (Application for Federal Assistance)ĬDFI Fund Helpdesk: 20 or Program Application for Financial Assistance (FA) or Technical Assistance (TA)Įlectronically via and Awards Management Information System (AMIS).Įxecutive Summary: Through the NACA Program, the CDFI Fund provides (i) FA awards of up to $1 million to Certified Community Development Financial Institutions (CDFIs) serving Native American, Alaska Native, or Native Hawaiian populations or Native American areas defined as Federally-designated reservations, Hawaiian homelands, Alaska Native Villages and U.S. Table 1-FY 2016 NACA Program Funding Round Critical Deadlines for Applicants DescriptionĪward Management Information System (AMIS).
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