Opportunity Information: Apply for CDFI 2022 NACA

The Fiscal Year 2022 Native American CDFI Assistance (NACA) Program is a discretionary grant opportunity offered by the U.S. Department of the Treasury through its Community Development Financial Institutions (CDFI) Fund. It falls under the community development funding activity category (CFDA 21.012) and is designed to strengthen access to responsible lending and financial services in Native communities by building the capacity of Native-serving community development lenders.

The program provides two main types of support. First, it offers Base Financial Assistance (Base-FA) awards of up to $1,000,000 to Certified Native CDFIs. The intent of these larger awards is to help already-certified Native CDFIs expand and strengthen their financial capacity so they can increase lending and investment activity in their Eligible Markets and/or Target Markets. In practical terms, this funding is meant to help Native CDFIs scale what they do: deploy more capital, support more borrowers, and better meet the needs of the communities they are chartered to serve.

Second, the NACA Program offers Technical Assistance (TA) grants of up to $150,000. These TA grants are aimed at organizations that are Native CDFIs in development, plan to become certified, or intend to create a Native CDFI. TA support generally focuses on foundational capacity-building needs that help an organization reach readiness or strengthen operations, such as developing systems, policies, staffing, financial management, compliance capabilities, and other organizational infrastructure needed to operate effectively as a Native CDFI and potentially pursue certification.

The opportunity is administered as a grant program (FundingInstrumentType: Grant) and anticipated making about 35 awards. The funding opportunity number is CDFI 2022 NACA, and the original application window opened around February 10, 2022, with an original closing date of March 14, 2022. While the listing notes that eligibility is categorized as "Others," applicants are expected to refer to the official Notice of Funds Availability (NOFA) on the CDFI Fund website for precise eligibility rules, definitions (including what qualifies as a Certified Native CDFI), application requirements, and selection criteria.

  • The US Department of the Treasury, Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "Fiscal Year 2022 NACA Program" and is now available to receive applicants.
  • Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 21.012.
  • This funding opportunity was created on Feb 10, 2022.
  • Applicants must submit their applications by Mar 14, 2022. (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 35 candidate(s).
  • Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
Apply for CDFI 2022 NACA

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