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News Now

Washington
CDFI applicants seek 9.8M through Native American program
WASHINGTON (7/21/09)--A total of 17 applicants from 11 states have applied for a combined $9.8 million in financial assistance through the 2009 supplemental round of the U.S. Treasury’s Native American Community Development Financial Institutions (CDFI) Fund. Two of the 17 institutions that requested funds are credit unions, according to a U.S. Treasury release. An equal number of banks, thrifts or holding companies also applied for funding. CDFI Fund Director Donna J. Gambrell awarded $8 million in financial aid and $3.6 million in technical assistance funds to CDFIs that serve the Native American, Alaska Native, and Native Hawaiian communities on July 1. A further $3.7 million in funds will be distributed to the highest rated applicants in a combined pool that includes those who applied in response to the amended Notice of Funds Availability (NOFA) and those who applied under the original FY 2009 NOFA but did not receive an award in the first funding announcement.


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