Native Initiatives
Department Of The Treasury, Community Development Financial Institutions
To promote economic revitalization and community development through financial and technical assistance to certified and emerging Native Community Development Financial Institutions (CDFIs).
Jargon-free version
Helps Native Community Development Financial Institutions (CDFIs) grow by providing loans and training. This support creates jobs and improves access to financial services in Native communities.
Quick Facts
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What Is This Program?
What Benefits Are Offered?
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📋What Are the Application Steps & Timeline?
- 📝Steps to Apply
- Certification
- Apply
- Award Announcement
- Closing and Disbursement
- Compliance and Reporting
- 🌐Application Portal
- https://www.cdfifund.gov/programs-training/programs/native-initiatives/apply-step
- 📤Submission Method
- online
- 📅Key Dates
- January 16, 2025Opening DateFebruary 18, 2025 by 11:59 PM ETDeadline for Creating an AMIS AccountFebruary 18, 2025 by 11:59 PM ETDeadline for Submitting SF-424 through Grants.govMarch 21, 2025 by 5:00 PM ETLast Day the CDFI Fund Will Answer Questions About the ApplicationMarch 21, 2025 by 11:59 PM ETDeadline for Submitting FA/TA Application through AMISFall 2025Announcement Date
- 🔄Intake Type
- fixed-deadline
📄What Documents Are Required?
- ✅Required Documents
- SF-424 (Application for Federal Assistance)
- SF-424A (Budget Information - Non-Construction)
- SF-424B (Assurances)
- Project Narrative
- Budget Narrative
- Indirect cost rate agreement
- IRB approval letter
- Environmental review
- 📐Format Requirements
- PDF only, max 10MB
- 📥Templates Available
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💰What Expenses Are Eligible?
- 🧾Eligible Expenses
- loans
- grants
- deposits
- equity investments
- lending capital
- loan loss reserves
- equipment purchase
- consulting services
- contracting services
- salaries
- benefits
- staff training
- board member training
- 💳Payment Model
- mixed
🤝Is Matching Funding Required?
- 🔀Matching Required
- Yes
- 📊Matching Ratio
- 50%
- 🏦Eligible Matching Sources
- cash
- in-kind
- loans
- grants
- equity investments
- deposits
- credit union shares
- 📚Stacking Rules
- Yes, can combine with other government funding.
- 🛡️Proof of Matching Required
- Documentation of matching funds required, specifics not detailed.
📊What Are the Reporting Requirements?
- 🗓️Reporting Frequency
- quarterly
- 📑Reporting Requirements
- SF-425 Federal Financial Report
- performance progress report
- Transaction Level Reports (TLRs)
- Institution Level Reports (ILRs)
- 🔍Audit Requirements
- OMB Uniform Guidance Single Audit if the recipient expends $750,000 or more in federal awards in a fiscal year
- 📢Branding Requirements
- Acknowledgment of federal funding and use of agency logos
- 🗄️Record Retention Period
- 3 years post-final-report
How Do I Apply?
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FAQFrequently Asked Questions
Visit the program page for detailed eligibility requirements.
This program offers funding up to $5,271,000 (minimum $5,271,000).
This program accepts applications on a rolling basis.
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