[CircleUp] ATTN TRIBES, NATIVE COMMUNITIES & NATIVE CDFIS: CDFI Fund News: FY 2010 Funding Round of NACA Program is Now Open

Mon Aug 17 16:13:02 EDT 2009

PLEASE FORWARD

<http://www.cdfifund.gov/news_events/CDFI-2009-40-Native-Initiatives-Program
-Opens-2010-Funding-Round.asp> FY 2010 Round of NACA Program Open 
August 17, 2009 
[CDFI-2009-40] 

CDFI Fund Opens FY 2010 Funding Round of NACA Program 

Washington, DC - Today, the U.S. Department of the Treasury's Community
Development Financial Institutions Fund (CDFI Fund) released its fiscal year
(FY) 2010 Notice of Funding Availability (NOFA) for its Native American CDFI
Assistance (NACA) Program. This NOFA officially opens the FY 2010 round of
the NACA Program making approximately $12 million available, subject to
final appropriations, in awards to CDFIs and entities proposing to become or
create CDFIs that primarily serve Native American, Alaskan Native or Native
Hawaiian communities. 

"I have seen firsthand the accomplishments being made by Native CDFIs with
our funding," said CDFI Fund Director Donna J. Gambrell.  "So I am very
pleased that we are opening the 2010 round of the NACA Program and that we
are making available a record $12 million through this important program
benefiting Native communities." 

NACA Program Overview 

In 2004, the CDFI Fund introduced the NACA Program, which was specifically
designed to encourage the creation and strengthening of CDFIs that primarily
serve Native American, Alaska Native, and Native Hawaiian communities.
Organizations funded serve a wide range of Native communities, and reflect a
diversity of institutions in various stages of development - from
organizations in the early planning stages of creating a CDFI, to tribal
entities working to certify an existing lending program, to established
CDFIs in need of further capacity building assistance. Two types of funding
are available: financial assistance awards available only to certified CDFIs
and primarily used for financing capital; and technical assistance grants
used to acquire products or services such as computer hardware and software,
staff training, etc. 

Since 2002, the CDFI Fund has made 213 awards totaling $42.6 million through
its various funding programs benefiting Native communities. In five short
years, the number of Native CDFIs has grown from 14 to 50 - a 357 percent
increase. In addition, the CDFI Fund has awarded over $8.5 million in
contracts to organizations that provide capacity-building and financial
services training programs focused on Native Communities. 

Deadlines 

*	Certification Application:                       September 16, 2009 
*	Material Event Form:                            September 16, 2009 
*	NACA Program Application:                October 7, 2009 

All applications must be submitted through your "myCDFI FUND" account.  For
those individuals that do not currently have a myCDFIFUND account,
instructions to create one are at:
<https://www.cdfifund.gov/myCDFI/Registration/RegisterUser.asp>
https://www.cdfifund.gov/myCDFI/Registration/RegisterUser.asp. 

Application Materials 

Application materials are available via the CDFI Fund's website at:
<http://www.cdfifund.gov/what_we_do/programs_id.asp?programID=3#2>
http://www.cdfifund.gov/what_we_do/programs_id.asp?programID=3#2. 

Learn About Applying to the NACA Program 

Those interested in learning more about the FY 2010 funding round of the
NACA Program can do so in the following ways: 

*	Webinar Application Workshop:  On Friday, August 21, 2009 at 3:00
p.m. Eastern Time, the CDFI Fund will conduct a live webinar covering the
same exact material that will be presented in the below In Person
Application Workshops. 

Registration: Anyone wishing to access the webinar must register through the
following link:   <https://cc.readytalk.com/r/bpepihvuxexm>
https://cc.readytalk.com/r/bpepihvuxexm. 

The CDFI Fund will post an archived version of this webinar on its website
on August 22nd so that interested parties may learn how to apply to the NACA
Program at their convenience over the internet by visiting:
<http://www.cdfifund.gov/how_to_apply/>
http://www.cdfifund.gov/how_to_apply/. 

*	In Person Application Workshop:  The CDFI Fund is sponsoring two in
person application workshops.  CDFI Fund staff will conduct these workshops
in person and be available to answer questions. 

Tuesday, September 15, 2009 - Denver, Colorado 

Courtyard by Marriott Denver Airport 
6901 Tower Road 
Denver, CO 80249 

Thursday, September 17, 2009 - Tempe, Arizona 

Courtyard by Marriott Downtown Tempe 
601 South Ash Avenue 
Tempe, AZ 85281 

Registration: Anyone wishing to attend one of the In Person Application
Workshops must register through the CDFI Fund's on-line registration system.
The registration period is currently open.  To register, please visit:
<http://www.cdfifund.gov/news_events/workshopregistration.asp>
http://www.cdfifund.gov/news_events/workshopregistration.asp. 

Questions 

For more information on the NACA Program, and the webinar or application
workshops, please contact Chris James at  <mailto:jamesc at cdfi.treas.gov>
jamesc at cdfi.treas.gov or Chasity Savage at  <mailto:savagec at cdfi.treas.gov>
savagec at cdfi.treas.gov. 

CDFI Fund Background 

The CDFI Fund invests in and builds the capacity of community-based,
private, for-profit and non-profit financial institutions with a primary
mission of community development in economically distressed communities.
These institutions - certified by the CDFI Fund as community development
financial institutions or CDFIs - are able to respond to gaps in local
markets that traditional financial institutions are not adequately serving.
CDFIs provide critically needed capital, credit and other financial products
in addition to technical assistance to community residents and businesses,
service providers, and developers working to meet community needs. 

The CDFI Fund's vision is an America in which all people have adequate
access to affordable capital, credit and financial services. 

For more information about these awards, or about the CDFI Fund and its
programs, please visit the Fund's website at:  <http://www.cdfifund.gov/>
http://www.cdfifund.gov. 

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This service is provided to you at no charge by CDFI Fund
<http://www.cdfifund.gov/> , US Department of the Treasury. 

GovDelivery, Inc. is sending you this communication on behalf of the CDFI
Fund, US Department of the Treasury . 601 Thirteenth Street, NW, Suite 200
South . Washington DC 20005 . (800) 439-1420 

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