Post by bot on Oct 28, 2013 17:58:08 GMT -5
CDFI Fund Opens FY 2014 Funding Round for
CDFI Program and NACA Program
Up to $191 Million Available to Support Community Development
in Low-Income Communities
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today its fiscal year (FY) 2014 Notice of Funds Availability (NOFA) for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).
The Administration’s FY 2014 Budget for the CDFI Fund requests up to $191 million in Financial Assistance (FA) and Technical Assistance (TA) awards:
•$144 million for CDFI Program awards;
•$35 million for Healthy Food Financing Initiative Financial Assistance awards; and
•$12 million for NACA Program awards.
The amounts available to make awards under the CDFI Program and NACA Program are subject to final appropriations. The awards will support Community Development Financial Institutions (CDFIs) that are providing affordable financing and related services to low-income communities and populations that lack access to credit, capital, and financial services.
“I am excited to open the 2014 round of the CDFI Program and NACA Program,” said CDFI Fund Director Donna J. Gambrell. “With this round we are unveiling a redesigned application that will reduce the burden on applicants and streamline our process by improving the quality of information collected. This new application is a result of fantastic feedback from the CDFI industry and is one more example of how the CDFI Fund continually strives to improve our service to our stakeholders.”
When the CDFI Fund published a Request for Public Comment on the previous version of the application in 2012, many responses focused on hardships associated with using a fillable PDF document for data. The new application is in an Excel format, and will make data entry less of a burden this round and for future rounds.
In order to provide potential applicants with as much time as possible, the CDFI Fund is posting the CDFI Program and NACA Program NOFAs and application materials on the Grants.gov website today in advance of the publication of the NOFAs in the Federal Register during the week of October 28, 2013. Each program is listed as a separate funding opportunity in the Grants.gov application portal and all applicants must apply through Grants.gov.
Please note important information in the NOFAs regarding CDFI Certification requirements. In order to receive a FA award in the FY 2014 funding round, all Applicants must be certified or recertified as of June 1, 2014. This includes all Applicants that are in a cure period resulting from the 2013 recertification effort.
CDFI Program and NACA Program
Up to $191 Million Available to Support Community Development
in Low-Income Communities
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today its fiscal year (FY) 2014 Notice of Funds Availability (NOFA) for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).
The Administration’s FY 2014 Budget for the CDFI Fund requests up to $191 million in Financial Assistance (FA) and Technical Assistance (TA) awards:
•$144 million for CDFI Program awards;
•$35 million for Healthy Food Financing Initiative Financial Assistance awards; and
•$12 million for NACA Program awards.
The amounts available to make awards under the CDFI Program and NACA Program are subject to final appropriations. The awards will support Community Development Financial Institutions (CDFIs) that are providing affordable financing and related services to low-income communities and populations that lack access to credit, capital, and financial services.
“I am excited to open the 2014 round of the CDFI Program and NACA Program,” said CDFI Fund Director Donna J. Gambrell. “With this round we are unveiling a redesigned application that will reduce the burden on applicants and streamline our process by improving the quality of information collected. This new application is a result of fantastic feedback from the CDFI industry and is one more example of how the CDFI Fund continually strives to improve our service to our stakeholders.”
When the CDFI Fund published a Request for Public Comment on the previous version of the application in 2012, many responses focused on hardships associated with using a fillable PDF document for data. The new application is in an Excel format, and will make data entry less of a burden this round and for future rounds.
In order to provide potential applicants with as much time as possible, the CDFI Fund is posting the CDFI Program and NACA Program NOFAs and application materials on the Grants.gov website today in advance of the publication of the NOFAs in the Federal Register during the week of October 28, 2013. Each program is listed as a separate funding opportunity in the Grants.gov application portal and all applicants must apply through Grants.gov.
Please note important information in the NOFAs regarding CDFI Certification requirements. In order to receive a FA award in the FY 2014 funding round, all Applicants must be certified or recertified as of June 1, 2014. This includes all Applicants that are in a cure period resulting from the 2013 recertification effort.