WASHINGTON–The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has opened the fiscal year 2021 for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).
Treasury said the awards from the programs will support CDFIs that provide affordable financing and related services to low-income communities and populations that lack access to credit, capital, and financial services.
The CDFI Fund plans to award approximately $204.5 million in FY 2021 to be divided as follows:
- $140.2 million in CDFI Program Financial Assistance (FA) and Technical Assistance (TA) awards
- $14.85 million in NACA Program FA and TA awards
- $20.45 million in Persistent Poverty County-Financial Assistance (PPC-FA) awards, which includes $18.8 million in PPC-FA awards for CDFI Program applicants and $1.65 million in PPC-FA awards for NACA Program applicants
- $23 million for Healthy Food Financing Initiative-Financial Assistance (HFFI-FA) awards, which both CDFI Program and NACA Program applicants can apply for
- $6 million for Disability Funds-Financial Assistance (DF-FA) awards, which both CDFI Program and NACA Program applicants can apply for
Detailed Overview
A detailed overview of the CDFI Program, the NACA Program, and the types of awards available can be found in the FY 2021 Notice of Funding Availability (NOFA) for those programs. To learn more, please view the CDFI Program NOFA and NACA Program NOFA.
FY 2021 CDFI Program and NACA Program 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, under Step 2: Apply
- NACA Program: www.cdfifund.gov/native, under Step 2: Apply
Treasury said applicants are strongly encouraged to read and view all application materials, including the NOFA, application guidance, webinars, and presentations.
For More Info & Deadline
In the coming weeks, Treasury said the CDFI Fund will continue to update the Application Materials section of the CDFI Program and NACA Program webpages with additional guidance materials and presentations.
Applicants must both submit their SF-424 electronically via Grants.gov and create an AMIS account before 11:59 p.m. ET on March 22, 2021.