Native Initiatives

To promote economic revitalization and community development through financial and technical assistance to Native Community Development Financial Institutions (CDFIs) and a complementary series of training programs called Expanding Native Opportunities.

Agency - Department of the Treasury

The Department of Treasury is a steward of United States economic and financial systems, and promotes conditions for prosperity and stability in the U.S., and encourages prosperity and stability in the rest of the world.

Selected Recipients for this Program

RecipientAmount Start DateEnd Date
Osage Nation $ 150,000   2021-09-162025-09-30
Cook Inlet Lending Center, Inc. $ 331,000   2021-12-082024-12-31
First American Capital Corporation, Inc. $ 900,000   2021-12-082024-12-31
The Native American Bancorporation Co $ 1,000,000   2021-12-082024-12-31
Bank Of Cherokee County $ 619,500   2021-12-082024-12-31
Wisconsin Native Loan Fund, Inc. $ 1,000,000   2021-12-082024-12-31
Indian Land Capital Company Llc $ 1,288,500   2021-12-082024-12-31
Nacdc Financial Services Inc $ 988,500   2021-12-082024-12-31
Native360 Loan Fund, Inc. $ 1,100,000   2021-12-082024-12-31
Northern Shores Community Development, Inc. $ 250,000   2021-12-082024-12-31

Program Accomplishments

Not Applicable.

Uses and Use Restrictions

Under the Native American CDFI Assistance (NACA) Program, Financial Assistance (FA) and Technical Assistance (TA) awards are provided to build the capacity of new or existing Native CDFIs serving Native Communities.

Each NACA recipient enters into an assistance agreement that requires it to achieve performance goals and abide by other terms and conditions.

No awards may be issued to Federal agencies, departments or instrumentalities, State governments, local governments, or any agency or instrumentalities thereof.

Eligibility Requirements

Applicant Eligibility

Only certified Native CDFIs are eligible to apply for Financial Assistance awards.

Organizations that are Certified Native CDFIs, Emerging Native CDFIs, or Sponsoring Entities may apply for Technical Assistance awards.

However, non-certified organizations must be able to become certified within three years after receiving a TA award.

Sponsoring Entities must create an organization that must become certified within four years after receiving the TA award.

Beneficiary Eligibility

Targeted Populations as defined in 12 C.F.R. 1805.


An organization wishing to apply for a FA award through the NACA Program must be either a certified Native CDFI or be able to be certified by the CDFI Fund at the time of application. Organizations that are Certified Native CDFIs, Emerging Native CDFIs, or Sponsoring Entities may apply for TA awards. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is required.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.


Application Procedures

2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Each applicant must complete a CDFI Program Application which includes a Comprehensive Business Plan.

Award Procedures

The CDFI Fund reviews applications and makes awards based on an established awards review process, set forth in the Notice of Funds Availability (NOFA), and application materials.


Contact the headquarters or regional office, as appropriate, for application deadlines.


Riegle Community Development and Regulatory Improvement Act of 1994.

Range of Approval/Disapproval Time

Application deadlines are from 30 to 60 subsequent to the NOFA publication date. Award approval/disapproval determinations may be made within 270 days after the application deadline.


Not Applicable.


Not Applicable.

Assistance Considerations

Formula and Matching Requirements

Statutory formulas are not applicable to this program. This program has no matching requirements. The applicant is required to match its Financial Assistance award dollar-for-dollar with non-federal funds of the same type as the award itself, unless waived by Congress within the appropriations. This requirement enables CDFIs to leverage private capital to meet the demand for affordable financial products and services in economically distressed communities. The CDFI Fund?s appropriations waived the matching funds requirement for NACA FA applicants for FY 2009, 2010, 2011, 2012, 2013, 2015, 2016, and 2017. Matching funds are not statutorily required for TA Applicants. MOE requirements are not applicable to this program.

Length and Time Phasing of Assistance

Recipients must use all funds within three years. TA funds within two years, unless the Recipient is uncertified then it must use all award funds within three years or within four years if the Recipient is a Sponsoring Entity. See the following for information on how assistance is awarded/released: Paid based on projected use in upcoming twelve months.

Post Assistance Requirements


Program Reports provide the explanation of noncompliance with a statement addressing the failure to achieve program goals.

No cash reports are required.

Progress Reports cover the following areas: Program Goals and Measure; Institutional Performance Reporting; Transactional Performance Reporting; and the utilization of the award funds for Financial and/or Technical Assistance.

Expenditure Reports are included in the SF-425-Expenditure of Financial Assistance Report.

Performance Monitoring is also accomplished with the financial review of Audited Financial Statements or Single Audits conducted pursuant to 2 CFR 200, Subpart F - Audit Requirements.


In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503.


Award recipients must maintain records to substantiate total costs incurred and to assure that all performance measures are met. Records must be retained in accordance with the provisions of 2 CFR 200 and the terms of the assistance agreement.

Financial Information

Account Identification



(Project Grants) FY 16 $15,543,467; FY 17 Estimate Not Available; and FY 18 Estimate Not Available

Range and Average of Financial Assistance

FY 2015 Range of Financial Assistance Awards - $100,000 - $1,000,000; FY 2015 Average Financial Assistance Awards were $606,058 and capped at $1,000,000. FY 2015 Range Technical Assistance Awards - $124,995 - $150,000; FY 2015 Average Technical Assistance Awards were $145,216 and capped at $150,000. FY 2016 Range of Financial Assistance Awards - $150,000 - $1,000,000; FY 2016 Average Financial Assistance Awards were $600,909 and capped at $1,000,000. FY 2016 Range Technical Assistance Awards - $147,535 - $150,000; FY 2016 Average Technical Assistance Awards were $145,216 and capped at $150,000.

Regulations, Guidelines, and Literature

12 C.F.R. Part 1805; Notice of Funds Availability; Native Initiatives Program Application.

Information Contacts

Regional or Local Office


Headquarters Office

NACA Program 1500 Pennsylvania Avenue, N.W., Washington, District of Columbia 20036 Email: Phone: (202) 653-0300

Criteria for Selecting Proposals

Evaluation factors include: (1) financial strength and organizational capacity of applicant, (2) external resources or matching fund commitment/ability to obtain commitments, (3) community impact and (4) other factors as set forth in the regulations, NOFA and application materials.

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