CDFI Fund Opens FY 2016 Funding Round for CDFI Program and NACA Program

CDFI Fund Opens FY 2016 Funding Round for CDFI Program and NACA Program

The NOFAs for the CDFI Fund and NACA Programs were posted on the federal registry this morning and the Fund released the applications this afternoon, opening the FY 2016 Funding Round for both programs.

In the spending deal reached in December, Congress appropriated the CDFI Fund $190.5 million in FY 2016 in Financial Assistance (FA) and Technical Assistance (TA) awards to be divided as follows: $153 million for CDFI Program awards; $22 million for Healthy Food Financing Initiative Financial Assistance (HFFI-FA) awards; and $15.5 million for NACA Program awards.

The deadline for both applications is April 18, 2016.