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CDFI Fund Opens FY 2014 Funding Round for CDFI Program
Tuesday, October 29, 2013 6:40 AM

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has released its fiscal year (FY) 2014 Notice of Funds Availability (NOFA) for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).

The Administration’s FY 2014 Budget for the CDFI Fund requests up to $191 million in Financial Assistance (FA) and Technical Assistance (TA) awards:

  • $144 million for CDFI Program awards;
  • $35 million for Healthy Food Financing Initiative Financial Assistance awards; and
  • $12 million for NACA Program awards.

The amounts available to make awards under the CDFI Program and NACA Program are subject to final appropriations. The awards will support Community Development Financial Institutions (CDFIs) that are providing affordable financing and related services to low-income communities and populations that lack access to credit, capital, and financial services.

When the CDFI Fund published a Request for Public Comment on the previous version of the application in 2012, many responses focused on hardships associated with using a fillable PDF document for data. The new application is in an Excel format, and will make data entry less of a burden this round and for future rounds.

In order to provide potential applicants with as much time as possible, the CDFI Fund is posting the CDFI Program and NACA Program NOFAs and application materials on the website  in advance of the publication of the NOFAs in the Federal Register during the week of Oct. 28, 2013. Each program is listed as a separate funding opportunity in the application portal and all applicants must apply through