CDFI Program FY 2021 Funding Round and NACA Program Now Open

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The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has opened the fiscal year (FY) 2021 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). Inclusiv is providing assistance for those interested in applying for funding via its website and two webinars.  

The awards from these programs will support Community Development Financial Institutions (CDFIs) that provide affordable financing and related services to low-income communities and populations that lack access to credit, capital, and financial services. The CDFI Fund plans to award approximately $204.5 million in FY 2021 awards to be divided as follows: $140.2 million in CDFI Program Financial Assistance (FA) and Technical Assistance (TA) awards; $14.85 million in NACA Program FA and TA awards; $20.45 million in Persistent Poverty County-Financial Assistance awards; $23 million for Healthy Food Financing Initiative-Financial Assistance awards; and $6 million for Disability Funds-Financial Assistance awards.

Applicants must submit their SF-424 by March 22 and the completed CDFI Program and NACA Program funding applications by May 3.  Application materials for the CDFI program can be found here; and here for the NACA Program. 

Inclusiv is providing detailed instructions on setting up the Required Application Systems for RRP and TA/FA grant applications, which may be found here. In addition, the organization’s CDFI Rapid Response Program webinar on March 1 at 2 p.m. ET will provide a detailed overview of the full application process for RRP grants. A FA/TA grant webinar on April 5 at 2 p.m. ET will provide a detailed overview of the full application process for FA/TA grants.

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