To promote economic revitalization and community development through technical assistance to native community development financial institutions (CDFIS) and emerging CDFIS.

The Department of the Treasury's Community Development Financial Institutions Fund awarded a $150,000 Project Grant to First Nations Community Financial under the Native Initiatives federal grant program (CFDA 21.012). The grant will support technical assistance activities from September 2021 through June 2024 to build the organizational capacity of certified and emerging Native Community Development Financial Institutions. Technical assistance will focus on serving rural and urban low-income communities and individuals who lack access to affordable financial products and services. Eligible technical assistance activities include compensation for personal and professional services, travel, training, equipment, supplies, and incorporation costs. The intended outcomes are to promote economic revitalization and community development in underserved markets across the United States through strengthened Native CDFIs.

Activities

Technical assistance must be used for the following eligible activities subject to the applicable provisions of the uniform requirements: compensation ? Personal services, compensation ? Fringe benefits, professional service costs, travel costs, training and education costs, equipment, supplies, and incorporation costs (sponsoring entities only). End goal/expected outcomes: the goal of the technical assistance is to build certified and emerging cdfi?S organizational capacity to serve eligible markets and/or their target markets, in order to serve rural and urban low-income people, and communities across the nation that lack adequate access to affordable financial products and financial services.

Intended beneficiaries

Profit organization, private nonprofit institution/organization (includes institutions of higher education and hospitals), native american organizations (includes indian groups, cooperatives, corporations, partnerships, associations).

Subrecipient activities

Only in the case where a cdfi depository institution holding company applicant intends to carry out the activities of an award through its subsidiary cdfi insured depository institution, as identified in its assistance agreement with the cdfi fund.