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

Award Details:

Westwater Financial Inc., operating as Community Development Financial Institution, received a $150,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Native Initiatives program (CFDA 21.012). The award was issued on September 30, 2025, with a completion deadline of December 31, 2027.

Products and Services:

The grant funds technical assistance activities designed to build organizational capacity of Native Community Development Financial Institutions and emerging Native CDFIs serving Native American communities nationwide. Eligible uses of funding include personnel compensation and fringe benefits, professional service costs, travel, training and education, equipment, supplies, and incorporation costs. The technical assistance outputs will strengthen the awardee's and other Native CDFIs' ability to develop and deliver affordable financial products and services to low-income and underserved Native communities that currently lack adequate access to financial services. As a certified CDFI with demonstrated focus on Native American communities, Westwater Financial Inc. will utilize these funds within the two-year expenditure period required for certified CDFI recipients under the Native Initiatives program.

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.