The Native CDFI Network (NCN) released the results of its comprehensive survey documenting the likely impacts the CDFI Fund’s proposed changes to the CDFI Certification Application and related regulations will have on Native CDFIs. More than 50 Native CDFI chief executives responded to the survey.
In September 2022, USDA’s Office of Tribal Relations and USDA Rural Development entered into a 2-year cooperative agreement with the Native CDFI Network to build an electronic resource toolkit (NCN e-toolkit) to promote awareness of and increase access to Rural Development programs that support economic development in Indian Country.
The Native CDFI Network (NCN) strongly encourages all Native CDFIs and other key Indian Country stakeholder organizations to submit comments on the CDFI Fund’s proposed Annual Certification and Data Collection Report Form and the abbreviated Transaction Level Report (ACR/CTLR) as part of its proposed CDFI Certification overhaul.
No one doubts the need for more affordable capital to deploy in Indian Country. Unfortunately, there is little data to answer the main questions — how much, what kind and what for — that go along with that need.
The Native CDFI Network (NCN) needs to hear more from you about how the CDFI Fund’s proposed changes to CDFI Certification will impact your Native CDFI.
Tribal Business News summarizes Native CDFI Network’s three day annual summit that took place in early December, 2022.
On December 5, 2022, U.S. Senator Elizabeth Warren (D-Mass.) and Congressman Derek Kilmer (D-Wash.) unveiled the Honoring Promises to Native Nations Act, historic legislation to address chronic underfunding and barriers to sovereignty faced by Indian Country as a result of the federal government’s failures to meet its trust and treaty responsibilities.
For years the Federal Reserve System has partnered with NCN to drive policy change by gathering reliable data to support the benefits of investing into Native CDFIs.
The Native CDFI Network (NCN) strongly encourages all Native CDFIs and other key Indian Country stakeholder organizations to submit comments on the CDFI Fund’s proposed pre-approved list of Target Market assessment methodologies (TMAMs) (which are a key feature of the Fund’s proposed new CDFI Certification regulations) by the comment deadline next Monday, December 19, 2022.
Northwest Area Foundation grantmaking supports organizations within the region of eight states and 76 Native nations that are advancing long-overdue change in deep connection with the land they inhabit and communities they serve—Native Americans, communities of color, immigrants, refugees, and people in rural areas. They’re on a journey to build social, racial, and economic justice—helping communities thrive on their own terms.