WASHINGTON (2/19/16)--The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) opened its 2016 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Thursday.
CDFI credit unions and other certified financial institutions can apply for funds for programs that provide affordable financing and related services to low-income communities and populations that lack access to credit, capital, and financial services.
Congress appropriated $190.5 million in funds for FY 2016 in Financial Assistance and Technical Assistance awards. The funds are to be divided as follows: $153 million for CDFI Program awards; $22 million for Healthy Food Financing Initiative Financial Assistance awards; and $15.5 million for NACA Program awards.
Go here for application information and deadlines.