Well Told Grants

Federal grant programs / Department of the Treasury

Native Initiatives (21.012)

Also known as NACA Program

Native Initiatives (Assistance Listing 21.012) is run by the Community Development Financial Institutions Fund, part of the Department of the Treasury. It awarded $90.2 million in 112 grants from fiscal 2021 to 2025, about $805,233 per award on average. No funding opportunity is open on Grants.gov right now.

The typical award was $481,000. Half of the 112 awards fell between $150,000 and $1.3 million, and they ranged from $125,000 to $2.6 million.

Key findings

What the program funds

To promote economic revitalization and community development through financial and technical assistance to certified and emerging Native Community Development Financial Institutions (CDFIs).

From the federal Assistance Listing. Read the full listing on SAM.gov.

Open opportunities

No opportunity under this program is open or forecast on Grants.gov right now. Programs often post once a year, so the funding history below shows what to expect.

Past notices

Of 4 notices posted under this program since 2021, most went up in February (2), January (1) and December (1).

Rules from the program listing

Who can apply

Only a certified CDFI that demonstrates that at least 50% of its past activities were in one or more Native Communities and describes how it will target its lending/investing activities to one or more Native Communities is eligible to apply for FA awards. Additionally, an organization wishing to apply for an FA award through the NACA Program must have an approved certification Target Market that consists of either an Investment Area or Other Targeted Population that includes a Native Community. Organizations that are certified CDFIs and non-certified entities, including Sponsoring Entities, seeking to become certified CDFIs that demonstrate they will primarily serve one or more Native Communities as its Target Market may apply for Technical Assistance awards. No awards may be issued to federal agencies, departments or instrumentalities, State governments, local governments, or any agency or instrumentalities thereof.

What the money can and cannot pay for

FA awards enhance the Recipient's ability to provide financial products and services that promote economic revitalization and community development for Native communities and populations. NACA Program FA awards must be expended for activities in the following five categories: (i) Financial Products; (ii) Financial Services; (iii) Loan Loss Reserves; (iv) Development Services; and (v) Capital Reserves. Note: Only Regulated Institutions may use an FA award for Financial Services and Capital Reserves. TA awards build the Recipient's organizational capacity. NACA Program TA awards must be expended for activities in the following eight categories: (i) Compensation – Personal Services; (ii) Compensation – fringe benefits; (iii) Professional Services Costs; (iv) Travel Costs; (v) Training and Education Costs; (vi) Equipment; (vii) Supplies and (viii) Incorporation Costs (Sponsoring Entities Only).

Matching requirements

This program has no statutory formula. Matching requirements are not applicable to this assistance listing. MOE requirements are not applicable to this assistance listing.

Award range and average, in the agency's words

Funds for the FY 2024 Funding Round are a combination of appropriations from FY 2023 and FY 2024. Therefore, no funds were awarded in in FY 2023. In FY2024, there were only Financial Assistance awards obligated and no Technical Assistance awards were obligated. FY 2024 Funding Round Technical Assistance awards will be obligated in FY 2025. The FY 2024 dollar range of total Financial Assistance (FA) awards were from $500,000 to $2,600,000. The FY 2024 average Financial Assistance awards (Base-FA) was $1,729,800, which does not include Persistent Poverty Counties-FA (PPC-FA), Disability Funds-FA (DF-FA), and Healthy Food Financing Initiative-FA (HFFI) awards. The range of PPC-FA for FY 2024 were from $100,000 to $600,000. The FY 2024 average PPC-FA was $500,000. No supplemental awards for DF-FA or HFFI were made under the NACA program in FY 2024.

Examples of funded projects

Fiscal Year2017: Please visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/programs-training/Programs/native-initiatives.Fiscal Year2019: Visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/programs-training/Programs/native-initiatives.Fiscal Year2025: Visit the CDFI Fund website for examples of funded projects. The information can be accessed via https://www.cdfifund.gov/programs-training/programs/native-initiatives.

Quoted from the program's federal Assistance Listing. The notice of funding opportunity is the official source for each competition's rules.

Funding history and past recipients

From fiscal 2021 to 2025, Native Initiatives (21.012) awarded $90.2 million across 112 grant awards, an average of $805,233 per award.

Largest recipients, fiscal 2021 to 2025
RecipientStateAwardsAmount
Indian Land Capital Company LLCMinnesota3$5.2 million
Akiptan, Inc.South Dakota3$4.8 million
The Native American Bancorporation CO.Colorado3$4.7 million
Northwest Native Development FundWashington3$4.3 million
NATIVE360 Loan Fund, Inc.Nebraska3$4.1 million
Lakota Federal Credit UnionSouth Dakota2$3.9 million
The Lakota Fund, Inc.South Dakota2$3.9 million
First American Capital Corporation, Inc.Wisconsin3$3.7 million
Nacdc Financial Services, Inc.Montana2$3.6 million
Chi Ishobak IncMichigan3$3.1 million
Four Directions Development CorpMaine2$3.0 million
Haa Yakaawu Financial CorpAlaska2$3.0 million
Wisconsin Native Loan Fund, Inc.Wisconsin3$3.0 million
Mvskoke Loan FundOklahoma3$2.7 million
Alaska Growth Capital Bidco, Inc.Alaska2$2.6 million
Mazaska Owecaso Otipi Financial, Inc.South Dakota1$2.4 million
Nixyaawii Community Financial ServicesOregon3$2.4 million
Native Partnership for Housing IncNew Mexico2$2.3 million
Bay Bancorporation, Inc.Wisconsin1$2.0 million
Oweesta CorpColorado1$2.0 million

Top states: South Dakota ($16.6 million), Wisconsin ($9.7 million), Washington ($7.9 million), Alaska ($7.2 million), Colorado ($6.9 million), Minnesota ($6.9 million), Oklahoma ($5.6 million), Nebraska ($4.8 million), Montana ($4.6 million), Michigan ($4.3 million).

Who usually wins

Nonprofits received 71% of the money, businesses 15% and tribes 9.6%.

Recipient typeAwardsAmountShare
Nonprofits83$63.7 million71%
Businesses9$13.8 million15%
Tribal governments and organizations12$8.6 million9.6%
Colleges and universities2$2.6 million2.9%
Other5$1.3 million1.5%
Small businesses1$200,0000.2%

By state

16 states have a page for this program: those that received at least $1 million or 10 awards.

Grants by recipient's state, fiscal 2021 to 2025
StateAwardsAmount
South Dakota11$16.6 million
Wisconsin12$9.7 million
Washington12$7.9 million
Alaska6$7.2 million
Colorado5$6.9 million
Minnesota9$6.9 million
Oklahoma7$5.6 million
Nebraska6$4.8 million
Montana7$4.6 million
Michigan5$4.3 million
Hawaii6$3.3 million
Maine2$3.0 million
Oregon3$2.4 million
New Mexico3$2.3 million
Arizona3$1.8 million
California5$1.1 million
Idaho3$747,000
Mississippi3$475,000
Wyoming2$376,000
District of Columbia1$150,000
New York1$150,000

Award amounts are federal obligations reported to USAspending.gov for fiscal 2021 to 2025; see how our data works.