U.S. Treasury Announces FY 2021 CDFI Program and NACA Program Technical Assistance Awards September 16, 2021 NOTE: The Awards List link below has been corrected from the previously sent version Washington - The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 191 organizations more than $24.1 million in awards today. The fiscal year (FY) 2021 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Technical Assistance Awards will allow Certified Community Development Financial Institutions (CDFIs) and emerging CDFIs to build their capacity to provide services to low-income and underserved people and communities across America. “CDFI Fund’s Technical Assistance Awards play a vital role in building the capacity of startup and existing CDFIs and, ultimately, increase the impact of the capital and credit they deploy in distressed and underserved communities,” said CDFI Fund Director Jodie Harris. “The FY 2021 CDFI Program and NACA Program Technical Assistance recipients will continue that work in communities across the country, including 39 states, the District of Columbia, and Puerto Rico.” More information about the CDFI Program and NACA Program Technical Assistance Awards is below. FY 2021 CDFI Program Technical Assistance Awards The CDFI Program invests in and builds the capacity of CDFIs to serve low-income people and underserved communities lacking adequate access to affordable financial products and services. Technical Assistance awards provide seed capital that enables uncertified organizations to successfully secure certification as a CDFI. Award Recipients often use the funds to analyze which products and services are appropriate for their target markets, develop lending policies and procedures, and build staff lending capacity. More established CDFIs also use Technical Assistance awards to provide new products, to serve current target markets in new ways, or to enhance the efficiency of their operations. For FY 2021, 174 organizations received more than $21.6 million in CDFI Program Technical Assistance Awards. The maximum award amount available was $125,000. A full list of the award recipients can be found below. FY 2021 NACA Program Technical Assistance Awards The NACA Program facilitates the creation and advancement of Native CDFIs. Organizations funded through the NACA Program serve a wide range of Native American, Alaska Native, and Native Hawaiian communities, and reflect a diversity of institutions in various stages of development, including: organizations in the early planning stages of CDFI formation; tribal entities working to certify an existing lending program; and established Native CDFIs in need of further capacity building assistance. For FY 2021, 17 organizations received $2.5 million in NACA Program Technical Assistance Awards. The maximum award amount available was $150,000. A full list of the award recipients can be found below. The CDFI Fund also provides Financial Assistance Awards through the CDFI Program and NACA Program to further expand and support the financing activities of CDFIs. The CDFI Fund anticipates announcing the FY 2021 Financial Assistance Awards later in calendar year 2021. To learn more about the CDFI Fund and its programs, please visit www.cdfifund.gov. Additional information about the CDFI Program is available at www.cdfifund.gov/cdfi and the NACA Program at www.cdfifund.gov/native. Related Materials List of FY 2021 CDFI Program and NACA Program Technical Assistance Award Recipients FY 2021 Technical Assistance Awards Evaluation Process About the CDFI Fund Since its creation in 1994, the CDFI Fund has awarded more than $5.1 billion to CDFIs, community development organizations, and financial institutions through: the Bank Enterprise Award Program; the Capital Magnet Fund; the CDFI Rapid Response Program; the Community Development Financial Institutions Program, including the Healthy Food Financing Initiative; the Economic Mobility Corps; the Financial Education and Counseling Pilot Program; and the Native American CDFI Assistance Program. In addition, the CDFI Fund has allocated $66 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program, and guaranteed bonds for over $1.7 billion through the CDFI Bond Guarantee Program. To learn more about the CDFI Fund and its programs, please view the Fact Sheet or visit the CDFI Fund’s website at www.cdfifund.gov. About the CDFI Program Through the CDFI Program’s Financial Assistance and Technical Assistance awards, the CDFI Fund invests in and builds the capacity of for-profit and non-profit community based lending organizations known as Community Development Financial Institutions, or CDFIs. These organizations, certified as CDFIs by the U.S. Treasury Department, serve rural and urban low-income people and communities across the nation that lack adequate access to affordable financial products and services. Awards are granted through an annual competitive application process. About the NACA Program Through the CDFI Program’s NACA Program Financial Assistance and Technical Assistance awards, the CDFI Fund invests in and builds the capacity of for-profit and non-profit community based lending organizations known as Native Community Development Financial Institutions, or Native CDFIs, and entities proposing to become or create Native CDFIs. These organizations serve low-income Native American, Alaska Native, and Native Hawaiian people and communities across the nation that lack adequate access to affordable financial products and services. Awards are granted through an annual competitive application process. You can update your subscriptions, modify your password or e-mail address, or stop subscriptions at any time through your Subscriber Preferences Page. You will need to use your e-mail address to log in. If you have questions or problems with the subscription service, please e-mail support@govdelivery.com. This service is provided to you at no charge by CDFI Fund, US Department of the Treasury. The CDFI Fund is an equal opportunity provider. Reasonable Accommodations: Requests for reasonable accommodations under section 504 of the Rehabilitation Act should be directed to Jay Santiago at the CDFI Fund at 202-653-0300.   This email was sent to politikimx@gmail.com using GovDelivery Communications Cloud on behalf of: CDFI Fund, US Department of the Treasury · 1801 L St., NW, 6th Floor, Washington, DC 20036· 202-653-0300