May 9, 2013
Washington, DC— The U.S. Department of the Treasury's Community Development
Financial Institutions Fund (CDFI Fund) released today the application demand for
the fiscal year (FY) 2013 round of the Native American CDFI Assistance Program (NACA
Program). The NACA Program provides Financial Assistance (FA) and Technical Assistance
(TA) awards to certified and emerging Community Development Financial Institutions
(CDFIs) that serve Native American, Alaska Native, and Native Hawaiian communities.
The CDFI Fund received 65 applications for the FY 2013 NACA Program round—30 requests
for FA and 35 requests for TA. Applicants requested $26.9 million in total, with
FA applicants requesting nearly $21.8 million and TA applicants requesting $5.1
million. The amount requested is over double the funding available, and an increase
from the $23 million requested in the FY 2012 round. The applicants are from 21
states plus the District of Columbia.
“Over a decade after the CDFI Fund first studied how we can assist the growth of
CDFIs serving Native communities, we are still seeing consistent demand for the
Financial Assistance and Technical Assistance awards available through the NACA
Program,” said CDFI Fund Director Donna J. Gambrell. “Native CDFIs are active partners
in the economic growth of their communities, and the NACA Program continues to serve
as vital support for these essential organizations as they work in the some of the
most distressed areas in the country.”
The CDFI Fund is making $11.41 million available for Financial Assistance and Technical Assistance awards through the NACA Program. The deadline
for applications was February 28, 2013. The awards are expected to be announced
in the fall of 2013.
Applications are currently being evaluated through a merit-based qualitative review
to identify those applicants most likely to have the greatest impact in our nation’s
most distressed low-income rural and urban Native communities. Click here to view a table containing further information
on the applicant pool.
For more information about the NACA Program or the other programs administered by
the CDFI Fund, please visit www.cdfifund.gov.
1. Amount reflects final budget authority after the FY 2013 Continuing
Resolution and implemented sequestration. Tentative dollar amount published in the
Notice of Funds Availability in the Federal Register on December 28, 2012 were based
upon the Administration’s FY 2013 budget request for the CDFI Fund.