CDFI Fund Opens FY 2016 Funding Round for CDFI Program and NACA Program
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2016 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).
Congress appropriated the CDFI Fund $190.5 million in FY 2016 in Financial Assistance (FA) and Technical Assistance (TA) awards to be divided as follows: $153 million for CDFI Program awards; $22 million for Healthy Food Financing Initiative Financial Assistance (HFFI-FA) awards; and $15.5 million for NACA Program awards.
The awards will support Community Development Financial Institutions (CDFIs) providing affordable financing and related services to low-income communities and populations that lack access to credit, capital, and financial services.
CDFI Program Overview
Through the CDFI Program, the CDFI Fund invests in and builds the capacity of CDFIs to serve low-income people and communities lacking adequate access to affordable financial products and services. The CDFI Fund invests in certified CDFIs by providing Financial Assistance awards to applicants that have demonstrated the financial and managerial capacity to deliver financial products and services to a low-income target market and to leverage additional resources effectively. Through Technical Assistance grants, the CDFI Fund enables certified CDFIs and emerging entities working toward CDFI certification to build their capacity as lending institutions. For additional details about eligibility, application requirements, and available funding under the CDFI Program, please view the CDFI Program Notice of Funding Availability (NOFA).
NACA Program Overview
In 2004, the CDFI Fund introduced the NACA Program, which was specifically designed to encourage the creation and strengthening of CDFIs that primarily serve Native American, Alaska Native, and Native Hawaiian communities (Native Communities). Organizations funded serve a wide range of Native Communities, and reflect a diversity of institutions in various stages of development – from organizations in the early planning stages of creating a CDFI, to tribal entities working to certify an existing lending program, to established CDFIs in need of further assistance. The CDFI Fund awards both Financial Assistance and Technical Assistance awards under the NACA Program. For additional details about eligibility, application requirements, and available funding under the NACA Program, please view the NACA Program Notice of Funding Availability (NOFA).
Healthy Food Financing Initiative-Financial Assistance Overview
In FY 2016, the Healthy Food Financing Initiative-Financial Assistance will serve as a supplemental funding opportunity under the CDFI Program and NACA Program for eligible CDFIs and Native CDFIs that express an interest in expanding their healthy food-focused financing activities and are selected to receive Financial Assistance awards under the FY 2016 rounds of the CDFI Program or NACA Program. For additional details about eligibility, application requirements, and available funding under the Healthy Food Financing Initiative-Financial Assistance Program, please view the CDFI Program and/or NACA Program NOFAs.
Please see the applicable NOFAs for more information on submitting the CDFI Program and NACA Program applications.
Reference copies of the NOFAs and all application materials can be found on the CDFI Fund’s website at:
In order to provide potential applicants with as much time as possible, the CDFI Fund is posting the NOFAs and application materials for the CDFI Program and NACA Program on the CDFI Fund’s website today in advance of the electronic application being available next week.
The CDFI Fund will send out an additional notification when the electronic application is available in AMIS for application submission. Applicants are strongly encouraged to read and view all application materials, including the NOFA, application guidance, webinars and presentations.
Required Application Systems
All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Organizations should confirm that their accounts are up-to-date as soon as possible in order to avoid potential application submission problems. New potential applicants are encouraged to begin the registration process for each of the systems now and will find registration guidance on each website.
Learn About Applying to the CDFI and NACA Programs
The CDFI Fund is providing the following opportunities to learn more about the FY 2016 CDFI Program and NACA Program funding round:
For more information on the CDFI Program, the NACA Program, the Q&A webinars, or the application workshops, please contact the CDFI Fund’s Help Desk by e-mailing firstname.lastname@example.org or by calling (202) 653-0421 (option 1).
You can update your subscriptions, modify your password or e-mail address, or stop subscriptions at any time through your Subscriber Preferences Page. You will need to use your e-mail address to log in.
If you have questions or problems with the subscription service, please e-mail email@example.com.
This service is provided to you at no charge by CDFI Fund, US Department of the Treasury. The CDFI Fund is an equal opportunity provider.
Reasonable Accommodations: Requests for reasonable accommodations under section 504 of the Rehabilitation Act should be directed to Michael Jones at 202-653-0300.