Native American Community Development Financial Institution Assistance Program (NACA)
Through the Native American Community Development Financial Institution (CDFI) Program, also known as NACA, the CDFI Fund provides funding to build the community development capacity of Certified Native CDFIs, Emerging Native CDFIs, and Sponsoring Entities, and to increase access to capital in Native Communities.
Funds may be used to:
- Promote economic development, develop businesses, create jobs, and develop commercial real estate
- Develop affordable housing and promote homeownership
- Provide community development financial services, such as basic banking services, financial literacy programs, and alternatives to predatory lending
- Finance healthy food retail and non-retail outlets in food deserts
There are two types of awards:
- Financial Assistance (FA) Awards - Awards are made in the form of loans, grants, deposits, and equity investments to support Certified Native CDFIs' financing activities, and require the awardee to match the CDFI Fund's award dollar-for-dollar with funds from a non-Federal source. Within the Financial Assistance program, applicants may apply for additional funds through the Healthy Food Financing Initiative.
- Technical Assistance (TA) Grants - Allows Certified Native CDFIs, Emerging Native CDFIs, and Sponsoring Entities to increase their capacity to serve Native Communities and/or to create or become certified Native CDFIs.
To be eligible for an FA award, a Native CDFI must be certified by the CDFI Fund before it applies for the award. Prospective applicants that are not yet certified must submit a separate certification application to be considered for FA during a funding round.
Organizations that are Emerging Native CDFIs or Sponsoring Entities may only apply for TA grants.
Award ceiling: $1,000,000
Award floor: $10,000
Expected number of awards: 45
Estimated total program funding: $16,500,000
- March 22, 2021 - Deadline for:
- April 29, 2021 - The last day the CDFI Fund will answer questions about the application
- May 3, 2021 - Deadline for submitting FA/TA Application through AMIS
For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.