Today the CDFI Fund opened the FY 2013 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance (NACA) programs. Awards under the CDFI and the NACA Program help to support CDFIs and expand their capacity to provide access to credit, capital, and financial services to low-income communities and populations.
The CDFI Fund expects to provide up to $165 million in Financial Assistance (FA) and Technical Assistance (TA) awards for FY 2013 as follows:
- $130 million for CDFI Program awards;
- $12 million for NACA Program awards; and
- $23 million for Healthy Food Financing Initiative.
No funds have yet been appropriated for these funding rounds and will be subject to Congressional appropriations. In order to receive a FA award in the FY 2013 funding round, applicants must first be newly certified or recertified in 2013, unless the applicant is a certified CDFI whose original three-year certification term has not expired. Additional information will be forthcoming from the CDFI Fund in late January 2013 regarding the application process. This information will be announced publicly, as well as individually sent to each existing certified CDFI.
The deadline for submission of CDFI and NACA Program applications is February 28, 2013 at 11:59 PM Eastern Time.
Application guidelines, application forms, and more information can be found on the CDFI Fund’s website.