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

Federal Grant Award Summary

The Community Development Financial Institutions Fund awarded a $200,000 Project Grant to Pakini Loan Fund on September 30, 2025, under the Native Initiatives program (CFDA 21.012). This Technical Assistance award will support capacity-building activities for Native Community Development Financial Institutions (CDFIs) through September 30, 2028. Eligible uses of funds include personnel compensation and fringe benefits, professional services, travel, training and education, equipment, supplies, and incorporation costs. The award is designed to strengthen the organizational infrastructure of certified and emerging Native CDFIs to enhance their ability to serve low-income populations and underserved communities nationwide.

The primary objective of this funding is to build Native CDFIs' capacity to expand access to affordable financial products and services in target markets that currently lack adequate access to credit and investment opportunities. As a Technical Assistance award, Pakini Loan Fund must utilize the grant funds within three years (by September 30, 2028) if classified as an emerging CDFI, or within two years if certified, in accordance with program requirements established by the Department of the Treasury Community Development Financial Institutions Fund.

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.