In this latest edition of “Difference Makers,” NCN sits down with Alana Peterson, who serves as Executive Director of Spruce Root, Inc., which serves 23 predominantly Native communities across southeast Alaska. A federally certified Native CDFI, Spruce Root provides local entrepreneurs with access to business development and financial resources in the form of loan capital, business coaching, workshops, and competitions.
In early May, the three agencies tasked with regulating banking institutions’ compliance with the Community Reinvestment Act (CRA) jointly released their much-anticipated Interagency CRA Notice of Proposed Rulemaking (NPR) designed to strengthen and modernized the regulations governing the Act.
On June 23, 2022, the Community Development Financial Institutions Fund (CDFI Fund) announced the opening of the FY 2022 CDFI Equitable Recovery Program (ERP) round with the public release of a Notice of Funds Availability (NOFA). The NOFA set forth the deadline for submitting the FY 2022 CDFI ERP Application via the CDFI Fund’s Award…
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In this latest edition of “Difference Makers,” NCN sits down with Sean Winters, who serves as Executive Director of Chi Ishobak, Inc. Meaning “Big Cabbage” in the Pokagon Band of Potawatomi’s language, Chi Ishobak is a certified Native CDFI serving the Pokagon Potawatomi community and other Native people in Michigan and Indiana that was established to offer products and services to build capacity for tribal citizens in the areas of professional and personal finance.
U.S. Senate Announces Creation of Community Development Finance Caucus Today, U.S. Senators Mark R. Warner (D-VA) and Mike Crapo (R-ID) announced the creation of the Senate Community Development Finance Caucus (CDFC), a bipartisan caucus dedicated to supporting the missions of Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) to scale their activities and fuel…
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