231HF064341-G
Project Grant
Overview
Grant Description
THE CDFI PROGRAM USES MONETARY AWARDS AND TRAINING OPPORTUNITIES TO INVEST IN AND BUILD THE CAPACITY OF CDFIS, EMPOWERING THEM TO GROW, ACHIEVE ORGANIZATIONAL SUSTAINABILITY, AND DRIVE COMMUNITY REVITALIZATION. THROUGH THE USE OF MONETARY AWARDS AND TRAINING OPPORTUNITIES FOR NATIVE CDFIS, THE CDFI FUND’S NACA PROGRAM CREATES JOBS, BUILDS BUSINESSES, AND FOSTERS ECONOMIC SELF-DETERMINATION IN NATIVE COMMUNITIES NATIONWIDE.
Awardee
Funding Goals
THROUGH THE CDFI PROGRAM, THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) FUND PROVIDES (I) FA AWARDS TO CERTIFIED CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, AND (II) TA AWARDS TO BUILD CERTIFIED AND EMERGING CDFIS’ ORGANIZATIONAL CAPACITY TO SERVE ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS. FA AWARDS INCLUDE THE BASE FINANCIAL ASSISTANCE (BASE-FA) AWARD AND MAY ALSO INCLUDE THE FOLLOWING AWARDS THAT ARE PROVIDED AS A SUPPLEMENT TO THE BASE-FA AWARD: HEALTHY FOOD FINANCING INITIATIVE[1]FINANCIAL ASSISTANCE (HFFI–FA), PERSISTENT POVERTY COUNTIES-FINANCIAL ASSISTANCE (PPC–FA), AND DISABILITY FUNDS-FINANCIAL ASSISTANCE (DF–FA).
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Multi-State
United States
Geographic Scope
Multi-State
Related Opportunity
CDFI-2024-HFFI
The Reinvestment Fund was awarded
Empowering Native CDFIs Economic Growth Community Revitalization
Project Grant 231HF064341-G
worth $3,800,000
from Community Development Financial Institutions Fund in September 2024 with work to be completed primarily in Multi-State United States.
The grant
has a duration of 3 years 3 months and
was awarded through assistance program 21.020 Community Development Financial Institutions Program.
Status
(Ongoing)
Last Modified 10/2/24
Period of Performance
9/26/24
Start Date
12/31/27
End Date
Funding Split
$3.8M
Federal Obligation
$0.0
Non-Federal Obligation
$3.8M
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
231HF064341-G
SAI Number
None
Award ID URI
SAI EXEMPT
Awardee Classifications
Nonprofit With 501(c)(3) IRS Status (Other Than An Institution Of Higher Education)
Awarding Office
2031JN COMM DEV AND NATIVE INITIATIVES
Funding Office
2031JN COMM DEV AND NATIVE INITIATIVES
Awardee UEI
QPRNKP2T3EF2
Awardee CAGE
3HVP2
Performance District
90
Modified: 10/2/24