WASHINGTON–Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has opened the fiscal year (FY) 2022 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).
According to Treasury, pending final Congressional appropriations, the CDFI Fund plans to award approximately $204 million in FY 2022 awards to be divided as follows:
- $140 million in CDFI Program Financial Assistance (FA) and Technical Assistance (TA) awards.
- $14.3 million in NACA Program FA and TA awards.
- $20.7 million in Persistent Poverty County-Financial Assistance (PPC-FA) awards, which includes $19 million in PPC-FA awards for CDFI Program applicants and $1.7 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
Treasury said a detailed overview of the CDFI Program, the NACA Program, and the types of awards available can be found in the FY 2022 Notice of Funding Availability (NOFA) for those programs.
In addition, 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
“Applicants are strongly encouraged to read and view all application materials, including the NOFA, application guidance, webinars, and presentations,” Treasury said.
In the coming weeks, Treasury noted 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. Keep an eye on the CDFI Fund’s website for updates.
Required Application Systems
Treasury reminded that all applicants must be registered and have active accounts in SAM.gov, Grants.gov, and the CDFI Fund’s Awards Management Information System (AMIS) to apply for funding by March 14, or their application will be considered ineligible. All applicants are also required to have the correct EIN and DUNS numbers attached to the relevant SAM.gov and AMIS accounts by March 14, 2022.
“As soon as possible, organizations should either create these accounts if they don’t exist, or confirm that their existing accounts are up-to-date, in order to avoid potential application submission problems,” Treasury said. “Detailed information is available in the FY 2022 NOFA for each program.”
Treasury added that new applicants are encouraged to begin the registration process for each of the systems now, and registration guidance is provided on each website. The CDFI Fund provided an initial overview of the steps to register in SAM.gov, Grants.gov, and AMIS on its Impact Blog in December 2021.
However, the CDFI Fund does not manage SAM.gov or Grants.gov, and processes for these systems may have changed since then. “Please review each system’s requirements carefully,” Treasury recommended.
“Both new and repeat applicants should allow ample time to complete the entire registration and submission process well in advance of the application deadline. Please see the applicable NOFAs for more information on submitting the CDFI Program and NACA Program applications,” it said in making the announcement.
The Timeline
According to Treasury:
- Applicants must both submit their SF-424 electronically via Grants.gov and create an AMIS account before 11:59 p.m. ET on March 14, 2022.
- CDFI Program Grant.gov Funding Number: CDFI-2022-FATA
- NACA Program Grants.gov Funding Number: CDFI-2022-NACA
- Complete CDFI Program and NACA Program funding applications, including any supplemental applications, must be submitted electronically through AMIS before 11:59 p.m. ET on April 12, 2022.
- The CDFI Fund strongly encourages applicants to submit materials at least three days before each corresponding deadline for Grants.gov and AMIS.
- The CDFI Fund will not respond to any applicant questions about the FY 2022 application round after 5:00 p.m. ET on April 8, 2022. Technical support for AMIS will not be available after 5:00 p.m. ET on April 12, 2022.
For More Information
Treasury said the CDFI Fund is conducting five live webinars to inform applicants about the FY 2022 CDFI Program and NACA Program applications and to answer applicant questions. Those interested should view the Application Materials section of the CDFI Program and NACA Program webpages for the dates, times, and access information for each webinar. Advance registration is not required to participate in the webinars.
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