Taala Fund

Purpose: to Promote Economic Revitalization and Community Development Through Technical Assistance to Native Community Development Financial Institutions (CDFIS) and Emerging Cdfis. Activities to Be Performed: Technical Assistance Must Be Used for the Following Eligible Activities Subject to the Applicable Provisions of the Uniform Requirements: Compensation ? Personal Services, Compensation ? Fringe Benefits, Professional Service Costs, Travel Costs, Training and Education Costs, Equipment, Supplies, and Incorporation Costs (sponsoring Entities Only). End Goal/expected Outcomes: the Goal of the Technical Assistance Is to Build Certified and Emerging Cdfi?s Organizational Capacity to Serve Eligible Markets And/or Their Target Markets, in Order to Serve Rural and Urban Low-income People, and Communities Across the Nation That Lack Adequate Access to Affordable Financial Products and Financial Services. Intended Beneficiaries: Profit Organization, Private Nonprofit Institution/organization (includes Institutions of Higher Education and Hospitals), Native American Organizations (includes Indian Groups, Cooperatives, Corporations, Partnerships, Associations). Subrecipient Activities: Only in the Case Where a Cdfi Depository Institution Holding Company Applicant Intends to Carry Out the Activities of an Award Through Its Subsidiary Cdfi Insured Depository Institution, as Identified in Its Assistance Agreement With the Cdfi Fund.