Fiscal Year 2009 Round of NACA Program Opens September 29, 2008 Washington, D.C. - The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund today released its fiscal year 2009 Notice of Funds Availability (NOFA) for the Native American CDFI Assistance (NACA) Program. This annual funding notice provides up to $8 million in appropriated funds, subject to final appropriations, in the form of financial assistance awards and technical assistance awards to CDFIs and entities proposing to become or create CDFIs that primarily serve Native American, Alaskan Native or Native Hawaiian communities. To make this funding opportunity available to the public as soon as possible, the CDFI Fund is posting the NOFA electronically on the Grants.Gov website (www.grants.gov) in advance of the Federal Register publication on Wednesday, October 1, 2008. Potential applicants are strongly encouraged to read this funding notice thoroughly. Additional guidance can be found on the Native Initiative web page. "Native CDFIs are on the front lines of providing vital financial products and services, creating needed jobs and helping foster economic growth in our nation’s Native communities,” said CDFI Fund Director Donna J. Gambrell. “With the opening of the fiscal year 2009 round of our NACA Program, the CDFI Fund is making available critically needed capital that will help these community-based lenders grow and do more for the communities they serve. I am also pleased that we are opening the 2009 round earlier this year which will provide applicants an additional month to prepare their application over last year." Learn About Applying to the NACA Program The CDFI Fund has post a webcast version of an Application Workshop simultaneous to this announcement so that interested parities may learn how to apply over the internet at their convenience. To access the webcast or for more detailed information, please visit: How to Apply Click here to view full press release.
