Post by bot on Sept 22, 2014 17:14:16 GMT -5
CDFI Fund Opens FY 2015 Funding Round for CDFI Program and NACA Program
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2015 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).
The Administration’s FY 2015 Budget for the CDFI Fund requests $201 million in Financial Assistance (FA) and Technical Assistance (TA) awards to be divided as follows: $151 million for CDFI Program awards; $35 million for Healthy Food Financing Initiative Financial Assistance (HFFI-FA) awards; and $15 million for NACA Program awards. The amounts available to make awards under the CDFI Program and NACA Program are subject to final appropriations by Congress.
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.
In order to provide potential applicants with as much time as possible, the CDFI Fund is posting the Notice of Funds Availability (NOFA) and application materials for the CDFI Program and NACA Program on the Grants.gov website today in advance of the publication of the NOFAs in the Federal Register during the week of September 22, 2014. Each program is listed as a separate funding opportunity in the Grants.gov application portal and all applicants must apply through Grants.gov.
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 awarding Financial Assistance awards to applicants who have demonstrated the financial and managerial capacity to provide 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 certification to build their capacity as lending institutions.
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.
Healthy Food Financing Initiative Overview
In FY 2015, the Healthy Food Financing Initiative 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 2015 rounds of the CDFI Program and NACA Program.
Deadlines
•The deadline for submission of the CDFI Program and NACA Program applications is Monday, November 24, 2014 at 11:59 pm Eastern Standard Time (EST).
•The CDFI Fund strongly encourages all applications be submitted at least three days before the deadline.
All Applicants must submit their applications electronically through Grants.gov. Please see the NOFAs for more information on submitting the CDFI Program and NACA Program applications.
Application Materials
Reference copies of the NOFAs and all application materials can be found on the CDFI Fund’s website at:
•CDFI Program: www.cdfifund.gov/cdfi
•NACA Program: www.cdfifund.gov/native
All application materials are also available in Grants.gov, under the funding opportunity for each program. All applicants must be registered in SAM.gov, Grants.gov, and myCDFIFund 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 now and will find registration guidance on each website.
Applicants are strongly encouraged to read and view all application materials, including the NOFA, application guidance, and webinars.
Learn About Applying to the CDFI and NACA Programs
The CDFI Fund is providing the following opportunities to learn more about the FY 2015 CDFI Program and NACA Program funding round:
1. In-Person Application Workshop: CDFI Fund staff will conduct an in-person FY 2015 CDFI Program and NACA Program Application Workshop in Washington, DC, and will be available to answer application questions.
Registration: Due to security requirements at the following federal facility, anyone wishing to attend the application workshop must register through the online registration system link provided below. Individuals who do not register before the applicable registration deadline, and thus do not appear on the registration list for the facility, will not be admitted. The registration period is currently open.
CDFI Program and NACA Program Application Workshop
Thursday, October 2, 2014
1:00 p.m. – 5:00 p.m. EDT
CDFI Fund
1801 L Street, NW
Washington, DC 20036
Register Now links.govdelivery.com/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTQwOTIyLjM2MTk3MDExJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE0MDkyMi4zNjE5NzAxMSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MjA3OTIzJmVtYWlsaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZ1c2VyaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZmbD0mZXh0cmE9TXVsdGl2YXJpYXRlSWQ9JiYm&&&102&&&https://www.eventbrite.com/e/fy-2015-cdfi-and-naca-programs-application-workshop-in-washington-dc-tickets-13152117337
2. Pre-Recorded Webinars: The CDFI Fund will be providing pre-recorded webinars for applicants on its website in the near future. The webinars will be made available in the Application Materials sections of the CDFI Program and NACA Program webpages.
3. Live Questions & Answers Webcasts: The CDFI Fund is conducting five targeted live webcasts to provide a forum to answer applicant questions about the FY 2015 CDFI Program and NACA Program applications. Please reference the Application Webinar Table for the dates, times, and access information for each webinar.
Questions
For more information on the CDFI Program, the NACA Program, the questions & answers webcasts, or the application workshops, please contact the CDFI Fund’s Help Desk by e-mailing cdfihelp@cdfi.treas.gov or by calling (202) 653-0421 (option 1).
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2015 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).
The Administration’s FY 2015 Budget for the CDFI Fund requests $201 million in Financial Assistance (FA) and Technical Assistance (TA) awards to be divided as follows: $151 million for CDFI Program awards; $35 million for Healthy Food Financing Initiative Financial Assistance (HFFI-FA) awards; and $15 million for NACA Program awards. The amounts available to make awards under the CDFI Program and NACA Program are subject to final appropriations by Congress.
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.
In order to provide potential applicants with as much time as possible, the CDFI Fund is posting the Notice of Funds Availability (NOFA) and application materials for the CDFI Program and NACA Program on the Grants.gov website today in advance of the publication of the NOFAs in the Federal Register during the week of September 22, 2014. Each program is listed as a separate funding opportunity in the Grants.gov application portal and all applicants must apply through Grants.gov.
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 awarding Financial Assistance awards to applicants who have demonstrated the financial and managerial capacity to provide 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 certification to build their capacity as lending institutions.
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.
Healthy Food Financing Initiative Overview
In FY 2015, the Healthy Food Financing Initiative 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 2015 rounds of the CDFI Program and NACA Program.
Deadlines
•The deadline for submission of the CDFI Program and NACA Program applications is Monday, November 24, 2014 at 11:59 pm Eastern Standard Time (EST).
•The CDFI Fund strongly encourages all applications be submitted at least three days before the deadline.
All Applicants must submit their applications electronically through Grants.gov. Please see the NOFAs for more information on submitting the CDFI Program and NACA Program applications.
Application Materials
Reference copies of the NOFAs and all application materials can be found on the CDFI Fund’s website at:
•CDFI Program: www.cdfifund.gov/cdfi
•NACA Program: www.cdfifund.gov/native
All application materials are also available in Grants.gov, under the funding opportunity for each program. All applicants must be registered in SAM.gov, Grants.gov, and myCDFIFund 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 now and will find registration guidance on each website.
Applicants are strongly encouraged to read and view all application materials, including the NOFA, application guidance, and webinars.
Learn About Applying to the CDFI and NACA Programs
The CDFI Fund is providing the following opportunities to learn more about the FY 2015 CDFI Program and NACA Program funding round:
1. In-Person Application Workshop: CDFI Fund staff will conduct an in-person FY 2015 CDFI Program and NACA Program Application Workshop in Washington, DC, and will be available to answer application questions.
Registration: Due to security requirements at the following federal facility, anyone wishing to attend the application workshop must register through the online registration system link provided below. Individuals who do not register before the applicable registration deadline, and thus do not appear on the registration list for the facility, will not be admitted. The registration period is currently open.
CDFI Program and NACA Program Application Workshop
Thursday, October 2, 2014
1:00 p.m. – 5:00 p.m. EDT
CDFI Fund
1801 L Street, NW
Washington, DC 20036
Register Now links.govdelivery.com/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTQwOTIyLjM2MTk3MDExJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE0MDkyMi4zNjE5NzAxMSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MjA3OTIzJmVtYWlsaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZ1c2VyaWQ9amltdGFrZWRhQGdtYWlsLmNvbSZmbD0mZXh0cmE9TXVsdGl2YXJpYXRlSWQ9JiYm&&&102&&&https://www.eventbrite.com/e/fy-2015-cdfi-and-naca-programs-application-workshop-in-washington-dc-tickets-13152117337
2. Pre-Recorded Webinars: The CDFI Fund will be providing pre-recorded webinars for applicants on its website in the near future. The webinars will be made available in the Application Materials sections of the CDFI Program and NACA Program webpages.
3. Live Questions & Answers Webcasts: The CDFI Fund is conducting five targeted live webcasts to provide a forum to answer applicant questions about the FY 2015 CDFI Program and NACA Program applications. Please reference the Application Webinar Table for the dates, times, and access information for each webinar.
Questions
For more information on the CDFI Program, the NACA Program, the questions & answers webcasts, or the application workshops, please contact the CDFI Fund’s Help Desk by e-mailing cdfihelp@cdfi.treas.gov or by calling (202) 653-0421 (option 1).