The Native American Community Development Financial Institutions (CDFI) Assistance (NACA) Program is a competitive award program through which financial assistance and technical assistance awards are given to invest in and build the capacity of Native CDFIs that serve Native communities lacking adequate access to affordable financial products and services. The CDFI Fund defines “Native Communities” as Native American, Alaska Native, and Native Hawaiian communities. Financial Assistance (FA) awards support the financing activities of Native CDFIs certified by the CDFI Fund, and are provided in the form of loans, grants, deposits, and equity investments. The awardee is required to match the CDFI Fund’s award dollar-for-dollar with funds from a non-federal source. Technical Assistance (TA) grants may be used to acquire products and services, and are typically awarded to Native Communities seeking to start a new Native CDFI or to increase the capacity of an existing CDFI.
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