Search Results for keywords:"Native Communities"

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Search Results: keywords:"Native Communities"

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  • 2021-04034 — Community Development Financial Institutions Rapid Response Program (CDFI RRP)
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    Type:Notice
    Citation:86 FR 11824
    Reading Time:about 32 minutes

    The Community Development Financial Institutions (CDFI) Rapid Response Program (RRP) is a funding initiative by the Treasury Department aimed at aiding Certified CDFIs to tackle the economic repercussions of the COVID-19 pandemic, with award amounts reaching up to $5 million. The program's grants, backed by the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, are intended to help CDFIs provide financial services to underserved communities, including Native Communities. The application process requires compliance with various regulatory and eligibility requirements, and selected applicants must enter into an Assistance Agreement stipulating terms for the grant use.

    Simple Explanation

    The Community Development Financial Institutions Rapid Response Program is a special project where the government gives money to certain banks and credit groups to help them support people and communities affected by COVID-19. But following the rules to get this help can be tricky, like trying to complete a really hard and fancy puzzle!

  • 2021-03354 — Notice of Funds Availability Inviting Applications for Financial Assistance Awards or Technical Assistance Grants Under the Native American CDFI Assistance Fiscal Year 2021 Funding Round
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    Type:Notice
    Citation:86 FR 10413
    Reading Time:about 47 minutes

    The Community Development Financial Institutions (CDFI) Fund is inviting applications for financial assistance or technical assistance grants through the Native American CDFI Assistance (NACA) Program for fiscal year 2021. FA awards of up to $1 million are available for CDFIs serving Native American, Alaska Native, or Native Hawaiian populations to enhance their lending operations, while TA grants of up to $150,000 aim to build CDFIs’ organizational capabilities. The funding is contingent on availability, and applicants must adhere to various application and eligibility guidelines outlined by the Treasury Department's CDFI Fund.

    Simple Explanation

    The government is offering money to help special banks that serve Native American communities so they can get better at lending money to people. Some banks can get a big amount of money, while others can get a smaller amount to improve how they work.

  • 2025-01323 — Notice of Funds Availability
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    Type:Notice
    Citation:90 FR 6076
    Reading Time:about 62 minutes

    The Community Development Financial Institutions (CDFI) Fund under the Treasury Department has announced the availability of grants for the Native American CDFI Assistance (NACA) Program for the fiscal year 2025. These grants, which include Financial Assistance (FA) and Technical Assistance (TA), are aimed at aiding financial institutions that serve Native American, Alaska Native, and Native Hawaiian populations to enhance their lending capacity. The program aims to strengthen both for-profit and non-profit community-based organizations to support various markets, and the awards are contingent on funding availability. Applicants must meet specific eligibility criteria and complete their submissions through designated platforms by the stated deadlines.

    Simple Explanation

    The Treasury Department is giving away some money to help special banks and organizations that help Native American communities. They must follow certain rules to ask for the money, and there's not enough for everyone.