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FY 2025 AMIS Training Manual for CDFI Program and NACA Program: Technical Assistance (TA) Applicants FY 2025 CDFI Program & Native American CDFI Assistance Program (NACA Program) ApplicationOMB Control
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01
Research the specific requirements for the CDFI program and NACA to ensure eligibility.
02
Gather necessary documentation such as income statements, tax returns, and identification.
03
Complete the online or paper application forms for the CDFI program and NACA respectively.
04
Submit the application along with the required documentation.
05
Follow up with the organization for any additional information or clarification they may need.
06
Attend any required workshops or meetings as instructed by the CDFI program or NACA.

Who needs cdfi program and naca?

01
Low-income individuals seeking affordable housing options.
02
Communities with limited access to traditional banking and financing.
03
First-time homebuyers looking for program support.
04
Families requiring assistance with credit building and financial education.
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CDFI program stands for Community Development Financial Institution program, which provides financial assistance and promote economic development in underserved communities. NACA, or Neighborhood Assistance Corporation of America, is a nonprofit organization that offers affordable homeownership programs and advocacy for low to moderate-income individuals.
CDFI program applicants are typically community development financial institutions, which include banks, credit unions, and loan funds that seek federal certification. NACA does not require a filing; instead, individuals who wish to benefit from NACA programs need to become members and participate in its services.
Filling out the CDFI program application generally involves providing extensive organizational and financial information about the institution, alongside demonstrating eligibility criteria. For NACA, individuals must complete a membership application online, participate in a workshop, and provide financial documents during the homeownership process.
The purpose of the CDFI program is to support community development through investment and financial services in low-income neighborhoods. NACA aims to achieve affordable homeownership for members by providing mortgage assistance, education, and advocacy against predatory lending practices.
CDFIs must report data such as financial performance, impacts on the community, and compliance with regulatory standards. NACA requires documentation of income, expenses, and credit history from applicants to assess their eligibility and readiness for home loans.
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