HUD: More than $15 Million Awarded to Native American Tribes to Support Coronavirus Efforts
The U.S. Department of Housing and Urban Development (HUD) today awarded $15 million to Tribes across the Nation as part of HUD’s Indian Community Development Block Grant (ICDBG) Imminent Threat program, which provides funding to help address problems that pose an imminent threat to public health or safety of Tribal residents. This funding will specifically…
EDA: $1.8 Million in CARES Act Funding Invested to Boost Economic Development Programs to Help Native American and Alaska Native Planning Organizations
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $1.8 million in CARES Act Recovery Assistance grants to Native American and Alaska Native planning organizations to update economic development plans and fortify programs to assist communities in responding to the coronavirus pandemic. “The Trump Administration is eager to allocate these essential CARES…
CDFI Fund: Application Demand for FY 2020 Round of CDFI Program and NACA Program Released
The fiscal year (FY) 2020 application round for the Community Development Financial Institutions Fund’s (CDFI Fund) Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) closed on April 30, 2020. 588 organizations from across the country requested a total of $535.4 million in awards. Specifically:* 337 organizations requested $337.9 million…
CDFI Fund: Comments Sought on CDFI Equity Investment Award Policy
The Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) requests comments from the public to gain a better understanding of how Community Development Financial Institutions (CDFIs) treat equity investments in their organizations to help inform policy decisions regarding the CDFI Fund’s management and oversight of its investment portfolio. Through the Community Development Financial Institutions…
HUD: Nearly $120 Million Awarded to Tribes Across the Nation for Economic and Housing Development
111 projects will support economic and housing development for Native American Families This week, the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced nearly $120 million in Indian Community Development Block Grant (ICDBG) awards to Tribes across the Nation. The ICDBG program provides funding to use in developing American Indian and Alaska Native…
CDFI Fund: New Native CDFI Resource Bank Now Available
A new Resource Bank for the CDFI Fund’s “Building Native CDFIs’ Sustainability and Impact II (BNCSI II)” Capacity Building Initiative training is now available on the CDFI Fund’s website. For more than ten years, the CDFI Fund has used targeted training and technical assistance to build the capacity of the Native CDFI industry. To meet the…
EDA: $2.5 Million Invested to Provide Critical Infrastructre to Serve Tribal Businesses in Oklahoma Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the Citizen Potawatomi Nation, Shawnee, Oklahoma, to make critical infrastructure improvements needed to support diversified business growth at the Iron Horse Industrial Park. The EDA grant, to be located in a Tax Cuts and…
CDFI Fund: Application Deadline Extended for FY 2020 CDFI Program and NACA Program Funding Round
The Community Development Financial Institutions Fund (CDFI Fund) will extend the upcoming application deadlines for the fiscal year (FY) 2020 funding round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The CDFI Fund is releasing the updated deadlines in anticipation of the publication of an Amended Notice of…
HUD: $200 Million in COVID-19 Relief Funding Available to Help Native American Communities Across the Nation
Recovery funding will help American Indian Communities respond to COVID-19 U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced $200 million in Indian Housing Block Grants (IHBG) to American Indian Tribes and Tribally Designated Housing Entities (TDHEs) across the country to respond to COVID-19. This funding will be used to help…
EDA: $869,000 Invested to Support Tribal Disaster Recovery Efforts in Wisconsin
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $869,000 grant to the Red Cliff Band of Lake Superior Chippewa Indians, Bayfield, Wisconsin, to hire an Economic Development Recovery Coordinator, who will implement strategies to diversify the local economy and foster sustained economic resilience in the face of recurring natural disasters….