[CircleUp] CDFI Fund News: Supplemental FY 2009 Funding Rounds of CDFI & NACA Programs Open

[Staci Lacroix]

Supplemental FY 2009 Rounds of CDFI & NACA Programs Open
<http://www.cdfifund.gov/news_events/CDFI-2009-21-Opening-NACA-CDFI-Supp
lemental-Round.asp>  
April 21, 2009 
[CDFI-2009-21] 

Treasury's CDFI Fund Opens Supplemental FY 2009 
Funding Rounds of CDFI & NACA Programs 

Today, the Treasury Department's Community Development Financial
Institutions (CDFI) Fund issued Notices of Funds Availability (NOFAs)
for supplemental FY 2009 funding rounds of its CDFI Program and Native
American CDFI Assistance (NACA) Program, thereby inviting applications
for Financial Assistance (FA) awards. A total of $63 million in FA
awards will be made - $55 million under the FY 2009 supplemental funding
round of the CDFI Program and $8 million under the FY 2009 supplemental
funding Round of the NACA Program. 

The supplemental funding rounds are made possible due to additional
appropriations received by the CDFI Fund through the American Recovery
and Reinvestment Act of 2009 (the Recovery Act). FA awards made through
the initial FY 2009 funding rounds of these two programs will be made
using Recovery Act resources; FA applications for those awards are
currently being reviewed. FA awards made through the supplemental FY
2009 funding rounds will be made using funds appropriated to the CDFI
Fund through the FY 2009 omnibus appropriations act. 

The CDFI Fund anticipates that the NOFAs that govern the supplemental
rounds will be published in the Federal Register on or around Thursday,
April 23, 2009. 

CDFIs that applied for and/or received Technical Assistance only awards
for FY 2009 will be permitted to apply for FA funding under the
supplemental funding rounds. Applicants that have already submitted
applications for FA awards in FY 2009 do not need to re-submit in the
supplemental round (unless the initial round application was rejected).
An applicant that receives a FA award in the initial round may not also
receive one in the supplemental funding round. 

Application Deadlines 

The application deadline for the supplemental funding round of the FY
2009 CDFI Program and the FY 2009 NACA Program is 5:00 p.m. Eastern Time
on Wednesday, May 27, 2009. 

Application Materials 

View Application Materials for the FY 2009 supplemental funding round of
the CDFI Program
<http://pubtest/what_we_do/programs_id.asp?programID=7#2> . 

View Application Materials for the FY 2009 supplemental funding round of
the NACA Program
<http://pubtest/what_we_do/programs_id.asp?programID=3#2> . 

Questions 

For more information on the CDFI Program or NACA Program, please contact
the CDFI Fund's Office of Policy and Programs by e-mailing
cdfihelp at cdfi.treas.gov <mailto:cdfihelp at cdfi.treas.gov>  or by calling
(202) 622-6355. 

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