Last spring, the CDFI Fund launched the NMTC Native Initiative with the goal to increase New Markets Tax Credit (NMTC) investments in NMTC Native Areas. Since the NMTC Program’s inception, the CDFI Fund has recorded investments totaling over $1.8 billion in Indian Country.
The U.S. Department of Agriculture (USDA) Acting Under Secretary for Rural Development Roger Glendenning announced the Department is partnering with eight Native Community Development Financial Institutions (NCDFIs) to expand homeownership opportunities for Native Americans living on Tribal lands in eight states.
The Administration for Native Americans (ANA) at the U.S. Department of Health and Human Services’ Administration for Children and Families has awarded $9 million to 32 Native American Tribes and Native organizations to help improve the social and economic well-beingin their communities.
The Consumer Financial Protection Bureau (CFPB) announced the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council.
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $70 million in awards to 184 FDIC-insured banks.
The U.S. Department of the Treasury announced $5 billion in New Markets Tax Credits that will spur investment and economic growth in low-income urban and rural communities nationwide.
Join subject matter experts from Freddie Mac and Lakota Funds for an interactive discussion on HeritageOne – an innovative mortgage solution designed to meet the borrowing needs of members of federally recognized Native American tribes living in tribal areas.
Freddie Mac recently published an article taking a closer look at some of the most prominent mortgage programs and products available to Native homebuyers.
The U.S. Treasury has recently published a paper, State Small Business Credit Initiative: Opportunities for CDFI Loan Funds.
Opportunity Finance Network (OFN) established the Ned Gramlich Lifetime Achievement Award for Responsible Finance in memory of former board member and Federal Reserve Board Governor, Ned Gramlich. The spirit of the award is to celebrate people of distinction who have produced a body of work that sets them apart within the CDFI industry.