Breaking News: Save the Date (August 10) for Conference Call for CDFIs in an ACR-Related Cure Period

The Community Development Financial Institutions Fund (CDFI Fund) is holding an informational conference call for those Community Development Financial Institutions (CDFIs) that are currently in a Certification cure period related to the submission of a 2021 or 2022 Annual Certification and Data Collection Report (ACR). The CDFI Fund recently announced that on October 1, 2022 it is…

Interview #17: Lakota Vogel | Four Bands Community Fund, Inc.

In this latest edition of “Difference Makers,” NCN sits down with Lakota Vogel, who serves as Executive Director of Four Bands Community Fund, Inc., a federally certified Native CDFI based on the Cheyenne River Sioux Reservation in South Dakota whose mission is to create economic opportunity by helping Native people build strong and sustainable small businesses and increase their financial capability to create assets and wealth.

NCN News for the Week of July 25

Native CDFI Leaders’ Discussion: The Community Reinvestment Act NPR TODAY, July 25, 2:00 to 3:00 p.m. EDT   Today, the Native CDFI Network (NCN) will convene Native CDFI leaders from across the country to discuss the Interagency CRA Notice of Proposed Rulemaking (NPR) for the Community Reinvestment Act. This important conversation will inform NCN’s formulation…

NCN Hosts Webinar Showcasing the Success of the Section 502 Home Loan Demonstration Project

On Thursday, July 21, 2022, NCN hosted U.S. Representative Sharice Davids and USDA-Rural Development Under Secretary Xochitl Torres Small, along with Native CDFI leaders from the South Dakota Native Homeownership Coalition that included Tawney Brunsch, Joanna Donohoe, Stephanie Provost, and Lakota Vogel, in a conversation about Section 502 and the home loan demonstration project. Roundtable guests shared their challenges and successes related…

Interview #16: Julia Nelmark | White Earth Investment Initiative

In this latest edition of “Difference Makers,” NCN sits down with Julia Nelmark, who serves as President and CEO of Midwest Minnesota Community Development Corporation (MMCDC) and CEO of White Earth Investment Initiative (WEII), a MMCDC subsidiary. A federally certified Native CDFI, WEII helps create jobs and improve community life for the White Earth Nation and other Native communities across Minnesota through homebuyer education, individual homeownership advising, financial counseling, business and consumer lending, tax preparation support, and other efforts.

NCN News for the Week of July 18

NCN Webinar: Growing the Success of the Section 502 Home Loan Demonstration Project Thursday, July 21, 1:00 to 2:30 p.m. EDT In this Thursday’s NCN webinar, U.S. Representative Sharice Davids and USDA-Rural Development Under Secretary Xochitl Torres Small will share with attendees about the highly successful demonstration project for the USDA Section 502 Home Loan Program, which saw two Native CDFIs double in…

CDFI Fund Extends Application for CDFI Equitable Recovery Program Funding

NCN hosted an information session on Monday, June 27th for Native CDFIs to help answer any questions about the U.S. Small Business Administration’s (SBA) updated Community Advantage program, Jackson Brossy, SBA Assistant Administrator for Native American Affairs, and Veronica Pugin, SBA Senior Advisor Office of Capital Access shared information about the programs and process to become…

NCN Hosts Webinar Highlighting Details of the CDFI Equitable Recovery Program (ERP)

On Thursday, July 14, 2022, NCN hosted CDFI Fund Senior Advisor Daniel Aiello who provided an overview of the CDFI Equitable Recovery Program (CDFI ERP). The FY 2022 funding round recently opened for this program, which will provide approximately $1.73 billion in awards to Treasury-certified CDFIs to (1) expand lending, grant making and investment activities in Low- or Moderate-Income communities…

Interview #15: Barbara Schmitt | Black Hills Community Loan Fund

In this latest edition of “Difference Makers,” NCN sits down with Barbara Schmitt, who serves as Interim Executive Director of Black Hills Community Loan Fund (BHCLF) in Rapid City, South Dakota. A federally certified Native CDFI, BHCLF creates opportunities for Native families to strengthen their financial wellbeing in the He Sapa Region through credit builder, home purchase and home improvement, and small business loans as well as matched savings accounts, one-on-one credit counseling, and financial education classes.

Interview #14: Dave Tovey | Nixyáawii Community Financial Services

In this latest edition of “Difference Makers,” NCN sits down with Dave Tovey, who serves as Executive Director of Nixyáawii Community Financial Services, a federally certified Native CDFI owned and operated by the Confederated Tribes of the Umatilla Indian Reservation (CTUIR) in northeast Oregon. Nixyáawii has merged the services of CTUIR’s homeownership, business development, and lending programs to create a single full-service credit, loan, and financial management resource that serves tribal members, tribal employees, and reservation residents.