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 Black Hills Community Loan Fund, Inc. to provide technical assistance to Native Community Development Financial Institutions (CDFIs) and emerging CDFIs through December 31, 2023. Under the Native Initiatives federal grant program (CFDA 21.012), the awardee will use the funding to build organizational capacity and serve rural and urban low-income individuals and underserved communities through eligible activities including compensation for personal and professional services, travel, training, equipment, and supplies. If a subsidiary CDFI insured depository institution of the awardee carries out any award activities, it will do so as a subrecipient under the assistance agreement. The goal of this technical assistance is to promote economic revitalization and access to affordable financial products and services for Native American organizations and communities that currently lack adequate options.

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.