CDFI Fund Announces FY 2024 CDFI Program and NACA Program Financial Assistance Awards

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today awarded 357 Community Development Financial Institutions (CDFIs) with $408.2 million in Financial Assistance (FA) awards to provide financial services and products for low-income and underserved individuals and communities across America.

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The U.S. Department of the Treasury Announces $5 Billion in New Markets Tax Credits

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits that will spur investment and economic growth in low-income urban and rural communities nationwide.

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CDFI Fund Advisory Board Appointments

NCN would like to congratulate Janie Hipp on her well-deserved appointment to the Community Development Advisory Board!

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CDFI Fund Releases Updated Guidance and New Deadline for Early Submission of the CDFI Certification Application

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a revised Community Development Financial Institution (CDFI) Certification Application Frequently Asked Questions (FAQs) document, Pre-Approved Target Market Assessment Methodology guidance, and an adjusted CDFI Certification Application timeline.

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Webinar: CDFI Fund’s Annual Certification and Data Collection Report (ACR)

The CDFI Fund’s quarterly Annual Certification and Data Collection Report (ACR) conference calls, which are intended to serve as a forum for Certified CDFIs and other ACR stakeholders to ask questions and discuss the ACR and its submission process, have been scheduled for calendar year 2024.

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USDA Seeks Applications for Loans and Grants to Expand Markets for Rural Small Business Owners and Entrepreneurs

USDA is accepting applications for loans and grants to expand access to new and better markets for rural small business owners and entrepreneurs.

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Low Income Housing Tax Credit (LIHTC) to Homeownership Toolkit Training

Gain comprehensive knowledge about the Low Income Housing Tax Credit (LIHTC) program through this session.

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Professional Development for Native Artists

The Native Artist Professional Development course is a value-based, hands-on learning experience to enhance artists’ business skills and prepare artists for their journeys as successful entrepreneurs.

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In Remembrance of Cora Mae Haskell

It is with deep sorrow and heartfelt respect that we announce the passing of Cora Mae Haskell, a remarkable leader and cherished member of the Native CDFI community.

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CBA Fund Loan Capital and Grant Funding Opportunity for Native CDFIs

CBA Fund is providing loan capital, capacity building grants, and technical assistance to select nonprofits so they can offer small dollar consumer loans especially to people who have traditionally lacked access to safe and affordable capital.

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Webinar: New Compliance and Reporting Requirements for Native Business Owners

The U.S. Treasury Department officials are holding a virtual webinar on these new beneficial ownership reporting requirements, how to file, and how the law affects Tribal businesses.

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Notice of Funding Availability: Native CDFI Relending Demonstration Program

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...

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NeighborWorks America’s National Training Institute

NeighborWorks America’s National Training Institute is August 26-30, 2024 in Pittsburg, PA. Registration is now open until July 29th.

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AmeriCorps Intern Opportunity for Native CDFIs

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.

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Why are Native Homebuyers Ending Up With More Expensive Loans? 

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.

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Investing From Within: Native CDFIs Help Their People Find Homes

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.

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CDFI Fund Extends Submission Deadlines for Revised CDFI Certification Application

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. 

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CDFI Fund Annual Compliance, Certification and Reporting Obligations

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.

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AMIS Accessibility Update

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.

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Four Directions Development Corporation Announces Leadership Transition

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.

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Transaction Level Report Q&A Session

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)

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Upcoming Webinar: Expanding Financial Services for the Disability Community

The National Disability Finance Coalition (NDFC), in collaboration with the Pennsylvania Assistive Technology Foundation (PATF), is hosting a three-part webinar series for CDFIs to explore expanding their products and services into the disability community.

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Alaska Native and Native Hawaiian Entities – Elective Pay Overview Webinars

Join the U.S. Department of the Treasury to discuss how Alaska Native Entities and Native Hawaiian Entities may benefit from new Inflation Reduction Act opportunities for access to clean energy credits through Elective Pay and Transferability.

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Upcoming Webinar: Lending on Tribal Land

The South Dakota Native Homeownership Coalition is hosting a webinar on best practices for offering a wide range of mortgage loan products, including conventional loans like Freddie Mac's HeritageOne, on tribal land throughout Indian Country. 

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Register Now for NeighborWorks America’s Virtual Training Institute

NeighborWorks America’s Virtual Training Institute is May 6-10, 2024. Registration is now open until May 3, 2024.

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Free Financial Coaching for Native Registrants

Oklahoma Native Assets Coalition, Inc. (ONAC) offers free financial coaching (by phone and teleconference) to American Indians and Alaska Natives, regardless of where they reside in the U.S.

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Fostering Financial Inclusion by Ensuring Cultural Fit: The Case of the NCDFI Industry

In a new paper released by the Center for Indian Country Development (CICD), the lending approaches of Native CDFIs were analyzed. CICD unveils the core practices and modes of operation in the NCDFI industry.

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Upcoming Webinar: Introduction to the FSA Guaranteed Loan Program

The Farm Service Agency (FSA) Loan Program Team is hosting a webinar on Thursday, April 18 at 3:00 p.m. ET on the FSA Guaranteed Loan Program: A Vital resource for Family Farmers and Ranchers.

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SSBCI Investing in America Small Business Opportunity Program (SBOP) – Applicant Portal Now Open

The U.S. Department of the Treasury, State Small Business Credit Initiative (SSBCI) is pleased to announce that it is seeking applications from eligible applicants for grant funding under the new SSBCI Investing in America Small Business Opportunity Program (SBOP).

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CDFI Fund’s Advisory Board Meeting

The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board from 1:30 p.m. to 4:30 p.m. Eastern Time on Thursday, April 11, 2024. 

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CDFI Fund Title VI Compliance Worksheet Webinar

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and Office of Civil Rights and Equal Employment Opportunity (OCRE) will conduct another live webinar to assist organizations in understanding the requirements of the CDFI Fund’s Title VI Compliance Worksheet.

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SSBCI SBOP Webinar: Opportunities for Small Business in the Investing in America Agenda

This webinar will feature representatives from the U.S. Department of Transportation, the Department of Energy, the Department of Commerce, and other federal agencies, who will share what needs and opportunities they see for small and underserved businesses in the economic activity supported by their programs.

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CDFI Fund Appoints New Director

On March 11, 2024, it was announced that Pravina Raghavan is appointed the new Director of the CDFI Fund.

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CFPB Bans Excessive Credit Card Late Fees

The Consumer Financial Protection Bureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers. The rule will curb fees that cost American families more than $14 billion a year.

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CICD Releases New Study on Native Entrepreneurs Credit-Access Challenges

The Center for Indian Country Development (CICD) of the Federal Reserve Bank of Minneapolis released a study on the challenges Native entrepreneurs face to access credit.

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2024 CDFI Bond Guarantee Program Application Period is Now Open

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2024 application period for the CDFI Bond Guarantee Program.

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USDA Office of Tribal Relations Tribal Advisory Committee Meeting

The Office of Tribal Relations will hold the first meeting of the Tribal Advisory Committee on February 23, 2024.

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Free Native Green Lending Course for NCN Native CDFI Members

The Native CDFI Network, University of New Hampshire, and Inclusiv are partnering to bring you a green lending training course that is designed exclusively for Native-led and Native-serving community lenders.

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Webinar: CDFI Certification Changes to the ACR and TLR

The CDFI Fund will conduct a live webinar to walk organizations through the requirements of the revised ACR and TLR as part of the CDFI Fund’s revised Certification Application and policies.

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Update on Treasury’s Approach to Equitable Community Finance

The U.S. Department of the Treasury released an update on how Treasury’s community finance related efforts are supporting underserved communities throughout the country.

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CDFI Program and NACA Program Application Deadline and Upcoming Webinars

As a reminder for fiscal year (FY) 2024 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI Program and NACA Program funding rounds is January 16, 2024 at 11:59 PM ET.

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NCN Coalition Partner Hosts Clean Energy Quest Webinar Series

The Alliance for Tribal Clean Energy is pleased to present the inaugural episode of the Clean Energy Quest Webinar Series. This is the first track entitled 'Tribal Utility Formation and Clean Energy Project Financing' with three sessions beginning this Tuesday, January 16, 2024 at 1:00 p.m. ET.

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CDFI Fund Reminder: Annual Compliance, Certification and Reporting Obligations

To maintain your organization’s CDFI Certification status, you must submit the Annual Certification and Data Collection Report (ACR). Additionally, to ensure compliance with your Award, Assistance and/or Allocation Agreement(s) you must complete and submit the annual report(s) specified in these agreement(s).

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New Searchable Federal Funding Database for Native CDFIs

On Wednesday, the DOI and White House Council on Native American Affairs (WHCNAA) announced it would launch a new website called the Access to Capital Clearinghouse.

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Treasury Announces Second Round of SSBCI Funding

Officials from the U.S. Treasury announced more than $86 million in State Small Business Credit Initiative (SSBCI) funding for two dozen tribal governments during the White House Tribal Nations Summit last week.  

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CDFI Fund Opens FY 2024 CDFI Program and NACA Program Application Round

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2024 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).

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CDFI Fund Releases Final Revised CDFI Certification Application

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a revised Community Development Financial Institution (CDFI) Certification Application.

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SBA Reports IncreasTed Lending to Native-Owned Small Businesses

The U.S. Small Business Administration (SBA) lending to Native-owned companies has increased under the Biden administration, according to information the agency shared Friday with Tribal Business News.  

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The FY 2024 CDFI Program and NACA Program Application Round is Coming Soon

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.

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Supporting Affordable Housing and Small Businesses for Native American Veterans in North and South Dakota 

The Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency will co-host a webinar focused on supporting affordable housing and small businesses for Native American veterans in North and South Dakota.

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Upcoming Deadline: FY 2024 Small Dollar Loan Program Application

As a reminder, the deadline for online submission of the SF-424 through Grants.gov for fiscal year (FY) 2024 Small Dollar Loan Program (SDL Program) Applicants is November 20, 2023 at 11:59 p.m. Eastern Time (ET).

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Coming Soon – The FY 2024 CDFI Program and NACA Program Application Round

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.

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Native CDFI Awards Recognize Two CDFIs for Promoting Economic Justice, Sovereignty in Indian Country

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. 

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President Biden to Highlight Investments in Rural America

The Biden Administration announced that the President will travel to Minnesota to lead his Administration’s Investing in Rural America Event Series.

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Federal Agencies Release New Final Rule Governing the Community Reinvestment Act

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.

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A Path to Increasing New Markets Tax Credit Investment in Native Communities

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.

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USDA Partners with Eight Native CDFIs to Expand Homeownership Opportunities

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.

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Native CDFI Leech Lake Financial Services, Inc. Receives Social and Economic Development Strategies Grant from ANA

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. 

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NCN Congratulates Fern Orie for CFPB Advisory Committee Appointment

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.

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CDFI Fund Awards $70 Million to Banks that Increased Investments in Severely Distressed Communities

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.

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NCN Applauds Native American Bank and Chickasaw Nation Community Development Endeavor LLC for Receiving NMTC Allocations from the Treasury Department

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.

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Advancing Housing for Members of Native American Tribes

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. 

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Exploring Mortgage Options for Native Homebuyers

Freddie Mac recently published an article taking a closer look at some of the most prominent mortgage programs and products available to Native homebuyers.

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SSBCI Opportunities for CDFI Loan Funds

The U.S. Treasury has recently published a paper, State Small Business Credit Initiative: Opportunities for CDFI Loan Funds.

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Nominate a Native CDFI Leader for the 2023 Ned Gramlich Award

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...

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CDFI Fund Implementing Civil Rights Act Compliance Reporting Requirements

The Community Development Financial Institutions Fund (CDFI Fund) is requiring all award applicants complete a Title VI Compliance Worksheet once annually with their applications, as well as their prospective sub-recipients that are not direct beneficiaries of federal financial assistance.

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FDIC Webinar: Access to Affordable Bank Accounts in North and South Dakota

On Thursday, August 24, 2023, at 11:00 a.m. ET, the FDIC will host a webinar to provide an overview of the FDIC 2021 Survey of Unbanked and Underbanked Households

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USDA Launches Pilot Programs to Increase Affordable Homeownership Opportunities for People on Tribal Lands

U.S. Department of Agriculture (USDA) Rural Development Acting Under Secretary Roger Glendenning announced that USDA is launching two pilot programs to increase affordable homeownership opportunities for people on Tribal lands.

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Application Window is Open for the Rural Energy for America Technical Assistance Grant Program

The purpose of the USDA Rural Energy for America Technical Assistance Grant Program (REAP) is to enable applicants to provide technical assistance to Agricultural Producers and Rural Small Businesses applying to REAP, with priority for Applicants assisting distressed or disadvantaged communities and for Applicants pursuing projects using underutilized technologies or seeking grants...

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Greening Commercial Real Estate and Community Facilities in Low-Income and Disadvantaged Communities Webinar

In the Equitable Greenhouse Gas Reduction Webinar Series, presenters will address why and how to "green" community facilities and commercial real estate to deliver equitable greenhouse gas reduction and meaningful co-benefits in and for low-income and disadvantaged communities.

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Treasury Department Announces Formal Listening Session with Native CDFIs

Today, the U.S. Department of the Treasury announced it will host a Listening Session for Native Community Development Financial Institutions (CDFIs) on Friday, August 18, 2023 from 1:00 to 4:00 p.m. Eastern time.

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Corrections Made to the Notice of Funding Availability for USDA 502 Native Community Development Financial Institution (NCDFI) Relending Demonstration Program FY 2023

Native CDFI housing lenders, we want to make sure you saw the notice of corrections to the USDA 502 Native Community Development Financial Institution (NCDFI) Relending Demonstration Program FY 2023.

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The CDFI Fund’s Advisory Board Virtual Meeting has been Rescheduled

The meeting of the Community Development Advisory Board (the Advisory Board) originally scheduled for July 7, 2023, has been rescheduled for Monday, July 31, 2023, from 2:00 to 3:00 PM ET. This meeting will be conducted virtually.

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Congratulations to NCN Members who are SSBCI Award Recipients

The Biden-Harris Administration is announcing approval of the first 15 Tribal State Small Business Credit Initiative (SSBCI) awards for tribal governments funded by the American Rescue Plan, providing $73 million to 39 Tribal Governments to support Tribal enterprises and small business owners, as part of President Biden’s Investing in America...

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President Joe Biden Releases a Statement on the Indian Child Welfare Act Ruling

On Thursday, June 15, 2023, the Supreme Court preserved the system that gives preference to Native American families in foster care and adoption proceedings of Native children. 

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Freddie Mac Expands Affordable Financing for Homeownership in Native Communities 

The Federal Home Loan Mortgage Corporation — more commonly known as Freddie Mac —  plans to launch a new mortgage product designed to support homeownership among Native Americans.

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Leech Lake Financial Services Provides an Innovative Lending Program for Their Borrowers

The Minneapolis Star Tribune released a recent article on the Leech Lake Financial Services Credit Builder program which was spearheaded by LLFS Executive Director, Rob Aitken.

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Native Community Development Financial Institution Relending Demonstration Program Webinar

On Tuesday, June 20 at 2:00 PM ET, the Single Family Housing Direct Division will be offering a webinar for Native Community Development Financial Institutions (NCDFI’s) to provide an overview and discussion of the application process outlined in the Native Community Development Financial Relending Demonstration Program-Notice of Funding Availability.

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CDFI Fund Financial Assistance & RRP TLR Webinar

The Community Development Financial Institutions Fund (CDFI Fund) will be conducting a Q&A webinar session on how to complete and submit Transaction Level Reports (TLRs) in the Awards Management Information System (AMIS).

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Credit Ready Meat and Poultry Lending Professional Training – Virtual Series

The USDA Credit Ready Meat and Poultry Lending Professional Training - Virtual Series is designed for individuals who work at community-based lending institutions (credit unions, CDFIs, and community banks) and other entities eligible for the Meat and Poultry Intermediary Lending Program or the Food Supply Chain Guaranteed Loan Program who are interested in increasing...

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Native American Students Invited to Compete for Three Dreamcatcher $10,000 Scholarships

Native American undergraduate and graduate students who are from or studying in Nebraska, Iowa, South Dakota and Kansas are invited to pitch their entrepreneurial dream, journey, or business idea.

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The Federal Reserve Wants to Hear from You!

The Federal Reserve’s CDFI Survey aims to understand current challenges and opportunities for CDFIs nationwide.

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NOTICE OF FUNDING AVAILABILITY! Native Community Development Financial Relending Demonstration Program

The NCDFI Relending Demonstration Program is designed to increase homeownership opportunities for Native American Tribes, Alaska Native Communities, and Native Hawaiian Communities in rural areas.

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Tribal Business News reports on HUD Section 4 Program that “has bypassed Indian Country”

In a recent letter written by the Native CDFI Network, National American Indian Housing Council, and the Sovereign Council of Hawaiian Homestead Associations, the three Native non-profits ask Congress for a boost in total funding to $50 million in the Department of Housing and Urban Development’s Section 4 program, along with a 10%...

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Bank of America “Driving Impact” Webinar – April 20, 2023

The Bank of America Charitable Foundation’s Driving Impact Webinar Series gives non-profit leaders the power to drive impact in the community by connecting them to tools, resources, and expertise, and focusing on topics such as leadership development, non-profit sustainability, industry trends and innovative approaches to economic mobility.

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An Update from the CDFI Fund on the 2023 ACR Reporting Round

The Community Development Financial Institutions Fund (CDFI Fund) has released updated information for Certified Community Development Financial Institutions (CDFIs) regarding the 2023 reporting round for the Annual Certification and Data Collection Report (ACR).

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CDFI Fund Requests Public Comment on CDFI Program and NACA Program Applications

The Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments on the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program) Financial Assistance (FA) and Technical Assistance (TA) Applications for the fiscal years (FYs) 2023-2025 funding rounds.

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NACDC Financial Services, Inc. Seeking Project Director for EDA Build Back Better Project

NACDCFS is a member of the Mountain | Plains Regional Native CDFI Coalition and recipient of funding from the US Economic Development Administration (EDA) Build Back Better Regional Challenge to support the innovation ecosystem of the region’s Indigenous Finance Industry. NACDC Financial Services is recruiting a Project Director to oversee...

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The CDFI Fund Announces $194 Million in Financial Assistance Awards

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 252 Community Development Financial Institutions (CDFIs) $194.1 million in Financial Assistance (FA) awards today.

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Messages from the CDFI Fund Director: A Farewell Resignation Notice plus Charting CDFI Certification and Program Funding in 2023

Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris released a message yesterday regarding the CDFI Fund's plans for 2023.

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A Virtual Public Meeting of the CDFI Fund’s Advisory Board will be Held on February 28, 2023

The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 2:00 to 4:00 p.m. Eastern Time on Tuesday, February 28, 2023.

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Asset Building in Native American Communities – Webinar 

The Federal Deposit Insurance Corporation (FDIC) is hosting a webinar on Tuesday, February 28, 2023 from 2:00 to 3:30 PM ET focused on saving and other asset building strategies in North and South Dakota Native American communities.

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Free Financial Coaching Available to Native Families

Oklahoma Native Assets Coalition, Inc. (ONAC) has been offering three types of free financial coaching to tribal citizens across the United States: 1) credit counseling, 2) homebuyer education, and 3) financial management (i.e. budgeting).

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Additional Time Needed for CDFI Fund to Consider Robust Response to Recent Application Revisions

The Community Development Financial Institutions Fund (CDFI Fund) will update its timeline for rolling out the new CDFI Certification Application and anticipates revising the version that was released for public comment in the Federal Register on November 4, 2022.

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Call for Proposals: CDFA Minority Loan Guarantee Program

The CDFA Minority Capital Loan Guarantee Program aims to increase access to capital for businesses in communities that have been historically excluded from opportunity.

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Oweesta Corporation and Wells Fargo Announce a $1.5 Million Matching Equity Grant for Native CDFIs

Oweesta Corporation announced a continued collaboration with the Wells Fargo Foundation to provide seed funding and capacity building opportunities for emerging or small Native Community Development Financial Institutions (CDFIs) through a two-year, $1.5 million grant.

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Wells Fargo Announces $20 Million “Invest Native” Initiative

Wells Fargo announces a $20 million commitment to advance economic opportunities in Native American communities working with Native-led organizations.

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Financial Resources Webinar – Tribal Housing Development: Planning for 2023 and Beyond

Join Enterprise’s Tribal Nations and Rural team for this valuable inventory of available resources. This webinar will include an approach to partnership, updates on current opportunities with Enterprise, and federal policy updates.

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NMTC Program Native Initiative Technical Workshops (Round Two)

Native Community Development Entities (CDEs), Native Community Development Financial Institutions (CDFIs), sponsors of Native-owned projects, and other tribal entities are invited to attend the second New Markets Tax Credit (NMTC) Technical Workshop as part of the CDFI Fund’s NMTC Native Initiative.

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Public Comment Period Extended for Annual Certification and Data Collection Report and Abbreviated Transaction Level Report

The U.S. Treasury Department is extending the deadline to submit comments in response to its solicitation for public feedback on revisions to the Annual Certification and Data Collection Report (ACR), and abbreviated Transaction Level Report (TLR). The new deadline to submit comments is now January 27, 2023.

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Federal Housing Finance Agency’s FHLBank System at 100: Focusing on the Future Initiative

On August 31, the Federal Housing Finance Agency announced the FHLBank System at 100: Focusing on the Future initiative. The initiative looks to ensure that as the Federal Home Loan Bank System approaches its centennial, it continues to be well positioned to meet the needs of our members and the communities they...

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Native FORGE kicks-off first entrepreneurial cohort in partnership with San Carlos Apache Tribe

Small business incubator Native FORGE has launched its first cohort in partnership with the San Carlos Apache Tribe of Arizona. An initiative of the University of Arizona, Native FORGE focuses on serving the specific needs of Native entrepreneurs in the state. For each year-long cohort, the incubator will target its...

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Treasury Announces $5 Billion in New Markets Tax Credit Awards to Revitalize Low-Income and Distressed Communities

Baltimore, MD – Treasurer of the United States Chief Lynn Malerba, joined by U.S. Senators Benjamin L. Cardin and Chris Van Hollen, U.S. Representative Kweisi Mfume, and Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris, today announced more than $5 billion in New Markets Tax Credit (NMTC) awards nationwide.

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NAAF FINPACK+ Training Application Deadline Approaching!

The Native American Agriculture Fund (NAAF) FINPACK+ Training application deadline is approaching! The training will take place November 15-17 in St. Paul, MN.

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CDFI Fund Announces FY 2022 CDFI Program and NACA Program Technical Assistance Awards

The CDFI Fund announced that 218 organizations received $27.57 million in Technical Assistance awards to build their capacity to provide services to low-income and underserved people and communities across America. NCN has been awarded $150,000 from the NACA Program for Technical Assistance.

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Oweesta Corporation’s Chrystel Cornelius Receives Heinz Award

Chrystel Cornelius, President and CEO of Oweesta Corporation, received the Heinz Award for the Economy for her work addressing centuries of disenfranchisement that have led to profound socioeconomic disparities for Native communities.

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Help improve what’s known about Native small businesses: Survey is now open!

Help us learn more about the successes and challenges Native business owners faced this past year by filling out the Federal Reserve's 2022 Small Business Credit Survey.

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President Biden Has Proclaimed September 18-24, 2022 as Minority Enterprise Development Week!

Minority Enterprise Development Week (September 18-24) is a great opportunity to celebrate the variety of ways that Native CDFIs support minority entrepreneurs and work to reduce the racial wealth gap.

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Deadline to Submit FY 2022 CDFI ERP Application is this Thursday, September 22!

As a reminder for fiscal year (FY) 2022 CDFI Equitable Recovery Program (CDFI ERP) Applicants, the deadline for online submission of the Application through the CDFI Fund's Awards Management Information System (AMIS) is September 22, 2022 at 11:59 P.M. ET.

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The U.S. Government Accountability Office offers recommendations for economic development assistance in Native communities

The U.S. GAO has released its report on Indian economic development that includes, among other objectives, the examination of economic development programs available to tribal entities.

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Plains Regional Native CDFI Coalition Among 21 Winners of $1 Billion Build Back Better Regional Challenge

Funded by President Biden's American Rescue Plan and administered by the U.S. Commerce Department's Economic Development Administration (EDA), the Regional Challenge provides each award winner funding to rebuild regional economies, promote inclusive and equitable recovery

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Montana Native Growth Fund: Open Position

Island Mountain Community Development Financial Institution, doing business as Montana Native Growth Fund (MNGF) is an emerging Native CDFI, a separate entity with its own Board of Directors, mission and vision. The mission of Montana Native Growth Fund is to create economic opportunity

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Breaking News: U.S. Department of the Treasury Extended the Deadline to Initiate and Submit SSBCI Capital Program Application

The U.S. Department of the Treasury is extending the deadline for Tribal Governments to initiate and submit their complete SSBCI Capital Program application to October 31, 2022, at 11:59 p.m. Eastern Time (ET).

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Apply for NeighborWorks Achieving Excellence Program

The NeighborWorks Achieving Excellence Program, conducted in collaboration with Harvard University, is now accepting applications through September 16, 2022 for the 11th cohort, starting in early 2023. Fifty high-performing CEOs and senior leaders of community-serving organizations across the country will have the opportunity to transform their organization for greater impact and address their...

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Schatz Releases Resource Guide on Largest Investment in Climate Adaptation, Clean Energy for Native Communities in History

U.S. Senator Brian Schatz (D-Hawai‘i), Chairman of the Senate Committee on Indian Affairs released a resource guide on provisions supporting Tribes and Native communities in the Inflation Reduction Act of 2022 (IRA), which President Biden signed into law on August 16, 2022. More than $720 million in direct climate resilience and energy funding will be available...

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CDFI Fund Extends Application for CDFI Equitable Recovery Program Funding

NCN hosted an information session on Monday, June 27th for Native CDFIs to help answer any questions about the U.S. Small Business Administration’s (SBA) updated Community Advantage program, Jackson Brossy, SBA Assistant Administrator for Native American Affairs, and Veronica Pugin, SBA Senior Advisor Office of Capital Access shared information about the...

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