The Native CDFI Relending Demonstration program is designed to improve homeownership opportunities for Native American Tribes, Alaska Native Communities, and Native Hawaiian Communities in rural areas. The program provides mortgage lending capital to Native CDFIs through a 33-year loan at one percent interest, with a three-year payment deferral at loan onset.
NeighborWorks America’s National Training Institute is August 26-30, 2024 in Pittsburg, PA. Registration is now open until July 29th.
Local Initiatives Support Corporation (LISC), with support from Citi Foundation, that is building a more diverse CDFI workforce through a two-pronged human capital strategy to expose diverse candidates to the field of community finance.
For Native people living in rural areas with scarce housing stock, manufactured units can be a practical homeownership choice. Financing these manufactured homes, though, can cost Native borrowers on reservations two times what it would cost a white borrower off reservation.
Addressing the vast backlog of unmet Native homeownership interest requires tapping into more financial and technical resources. These enterprising local lenders are calling on their mainstream bank counterparts to help them meet the long-overlooked credit needs of 1.3 million Native people living in American Indian Areas.
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has extended the application deadlines for when currently Certified Community Development Financial Institutions (CDFIs) must reapply for CDFI Certification using the revised version of the CDFI Certification Application.
This reminder is specifically for organizations with Award, Assistance and/or Allocation Agreements, as well as ACRs, which have an upcoming report(s) due by June 30, 2024.
Users accessing the U.S. Community Development Financial Institutions Fund (CDFI Fund) Awards Management Information System (AMIS) with unsupported or out-of-date web browsers, such as Internet Explorer, will no longer be able to access the system.
The Board of Directors of Four Directions Development Corporation (FDDC) has unanimously voted to select Matthew Lewis, currently serving as FDDC’s Director of Operations, as its next Executive Director.
The Community Development Financial Institutions Fund (CDFI Fund) will be conducting a Question and Answer (Q&A) webinar session on the full-length Transaction Level Report (TLR) in the Awards Management Information System (AMIS)