Native American Community Development Financial Institution Assistance Program (NACA)
This funding record is inactive. Please see the program website or contact the program
sponsor to
determine if this program is currently accepting applications or will open again in the future.
CDFI Fund help desk
cdfihelp@cdfi.treas.gov
202.653.0421
Certification, compliance monitoring, and
evaluation help desk
ccme@cdfi.treas.gov
202.653.0423
Through the Native American Community Development Financial Institution (CDFI) Program, also known as NACA, the CDFI Fund provides funding to build the community development capacity of Certified Native CDFIs, Emerging Native CDFIs, and Sponsoring Entities, and to increase access to capital in Native Communities.
Funds may be used to:
- Promote economic development, develop businesses, create jobs, and develop commercial real estate
- Develop affordable housing and promote homeownership
- Provide community development financial services, such as basic banking services, financial literacy programs, and alternatives to predatory lending
- Finance healthy food retail and non-retail outlets in food deserts
There are two types of awards:
- Financial Assistance (FA) Awards - Awards are made in the form of loans, grants, deposits, and equity investments to support Certified Native CDFIs' financing activities. Within the Financial Assistance program, applicants may apply for additional funds through the Persistent Poverty Counties, Disability Funds, or Healthy Food Financing Initiative supplements.
- Technical Assistance (TA) Grants - Allows Certified Native CDFIs, Emerging Native CDFIs, and Sponsoring Entities to increase their capacity to serve Native Communities and/or to create or become certified Native CDFIs.
To be eligible for an FA award, a Native CDFI must be certified by the CDFI Fund before it applies for the award. Prospective applicants that are not yet certified must submit a separate certification application to be considered for FA during a funding round.
Organizations that are Emerging Native CDFIs or Sponsoring Entities may only apply for TA grants.
Award ceiling: $2,000,000
Award floor: $10,000
Expected number of awards: 40
Estimated total program funding:
$50,000,000
Links to all application materials are available on the program website and grants.gov.
Important dates:
- January 16, 2024 - Deadline for:
- Creating an account through the CDFI Fund's Awards Management Information System AMIS
- Submitting SF-424 through grants.gov
- February 13, 2024 - The last day the CDFI Fund will answer questions about the application
- February 15, 2024 - Deadline for submitting FA/TA Application through AMIS
Application assistance:
For complete information about funding programs, including your
application status, please contact funders directly. Summaries are provided
for your convenience only. RHIhub does not take part in application processes
or monitor application status.