Native Community Development Financial Institution Relending Demonstration Program - Notice of Funding Availability

USDA Rural Development sent this bulletin at 05/18/2023 02:47 PM EDT

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USDA Rural Development - Together, America Prospers

SFH Direct Loan and Grant Programs

May 18, 2023

Native Community Development Financial Relending Demonstration Program - Notice of Funding Availability

The Fiscal Year 2023 Native Community Development Financial Institution (NCDFI) Relending Demonstration Program Notice of Funding Availability was published in the Federal Register today (May 18, 2023).

The NCDFI Relending Demonstration Program is designed to increase homeownership opportunities for Native American Tribes, Alaska Native Communities, and Native Hawaiian Communities in rural areas. The program will provide capital to NCDFIs; loans made to NCDFIs will be relent to the ultimate recipients (low- and very low-income people who will live on tribal lands and are in need of affordable, modest single-family homes).

Completed applications must be submitted using one of the following methods:

• Paper submissions: The Agency must receive paper applications by 4:30 p.m. local time, July 17, 2023. Applications can be mailed to: USDA Rural Development, Washington State Office, Attention: Andria Hively, 1835 Black Lake Blvd. SW, Olympia, WA 98512.

• Electronic submissions: Electronic applications must be submitted via email to brian.hudson@usda.gov by 11:59 p.m. Eastern Time (ET) on July 17, 2023.

For additional program information, visit the NCDFI Relending Demonstration Website or contact Brian Hudson at brian.hudson@usda.gov.

Program Information

Single Family Housing Direct Loans

Single Family Housing Repair Loans and Grants

Mutual Self Help Housing Technical Assistance Grants

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