To promote economic revitalization and community development through technical assistance awards to build the capacity of native community development financial institutions (CDFIS) and emerging…

Taala Fund received a $200,000 Project Grant from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Native Initiatives program (CFDA 21.012), awarded on September 30, 2025, with a completion date of December 31, 2027. The funding supports technical assistance activities to build organizational capacity of Native Community Development Financial Institutions (CDFIs) and emerging CDFIs. Eligible technical assistance activities include compensation for personnel and fringe benefits, professional service costs, travel expenses, training and education, equipment, and supplies. These services are designed to strengthen Taala Fund's ability to serve eligible markets and low-income communities across the nation that lack adequate access to affordable financial products and services.

As a minority-owned Native American nonprofit organization and certified Native CDFI, Taala Fund will use this technical assistance award to enhance its operational capabilities and expand support for Native tribal communities, particularly in the Pacific Northwest region. The grant funding enables the organization to invest in business development training, workforce development initiatives, and technical consulting services that strengthen its capacity to deliver comprehensive financial and business advisory services to Native American populations. Recipients of technical assistance awards under the Native Initiatives program must expend funds within two to four years depending on entity type; as a certified CDFI, Taala Fund has a two-year utilization requirement for these funds.

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 goals: the goal of the technical assistance is to build certified and emerging native cdfi's organizational capacity to serve eligible markets and/or their target markets, in order to serve low-income people and communities across the nation that lack adequate access to affordable financial products and financial services. Beneficiaries: profit organization, private nonprofit institution/organization (includes institutions of higher education and hospitals), native american organizations (includes indian groups, cooperatives, corporations, partnerships, associations). Subrecipients: there are no subrecipients for this program. Broadband: not applicable. Reason for modification: not applicable.