The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to open the FY 2024 CDFI Program and NACA Program Application round later this fall. Now is a great time for organizations to begin preparing to apply for a CDFI Program or NACA Program award.
Two Native CDFIs — NACDC Financial Services and Hawaiian Lending & Investments (HLI) — were honored by Opportunity Finance Network (OFN) and Oweesta Corporation with the 2023 Native CDFI Awards for the lenders’ unique strategies to advance finance justice in tribal communities.
The Biden Administration announced that the President will travel to Minnesota to lead his Administration’s Investing in Rural America Event Series.
Today, the Federal Reserve, Federal Deposit Insurance Corporation, and Treasury’s Office of the Comptroller of the Currency released their long-awaited new Final Rule designed to modernize and enhance the federal government’s administration of the Community Reinvestment Act (CRA). The Final Rule takes effect on April 1, 2024.
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.