CDFI Fund: Treasury Guarantees $100 Million in CDFI Bond Funding
Over $1.6 Billion Guaranteed for Projects in Distressed Communities since Establishment of Program U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the approval of a $100 million guarantee under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued on behalf of three Eligible CDFIs…
EDA: $1 Million Grant Awarded to Help Build Maker Space for Native American Entrepreneurs in New Mexico
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the Indian Pueblo Cultural Center (IPCC) of Albuquerque, New Mexico, to build a maker space . This grant will be matched with $1 million in state investment. “Supporting entrepreneurship, the backbone of the…
EDA: $9.5 Million Invested to Support Disaster Resiliency and Boost Tourism for the La Jolla Band of Luiseno Indians
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $9.5 million grant to the La Jolla Band of Luiseño Indians of Pauma Valley, California, to renovate the Tribe’s campground and upgrade it to improve its resiliency to future flooding events. “The Trump Administration is rapidly responding…
EDA: $3.2 Million Invested to Provide Critical Infrastructure to Serve Tribal Businesses in Grand Portage, MN Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.2 million grant to the Grand Portage Reservation Tribal Council of Grand Portage, Minnesota, to help redevelop the Hat Point Marina and Ferry Terminal. The EDA grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone,…
HUD: $2.9 Million Awarded to 25 Tribes to Provide Housing for Native American Veterans Experiencing Homelessness
Tribal HUD-VASH to assist Native American Veterans The U.S. Department of Housing and Urban Development (HUD) today renewed $2.9 million in grants to 25 Tribes and tribally designated housing entities (TDHEs) that provide housing and supportive services to Native American Veterans who are experiencing or at risk of experiencing homelessness. The Tribal HUD-Veterans Affairs Supportive Housing…
CDFI Fund: U.S. Treasury Announces FY 2019 CDFI Program and NACA Program Technical Assistance Awards
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 organizations more than $9.16 million in awards today. The fiscal year (FY) 2019 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Technical Assistance Awards will allow certified Community Development Financial Institutions (CDFIs) and…
CDFI Fund: Certification Requirements Changed for CDFI Program, NACA Program Financial Assistance Applicants
On March 8, 2019, the CDFI Fund issued a Request for Public Comment on the fiscal year (FY) 2020-2022 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Application. After reviewing the comments received, the CDFI Fund has decided to proceed with updating the certification requirements to apply for a CDFI…
CDFI Fund: Application Demand for FY 2019 Round of CDFI Program and NACA Program Released
The fiscal year (FY) 2019 application round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) closed on June 6, 2019. The Community Development Financial Institutions Fund (CDFI Fund) received 546 applications from organizations across the country, requesting a total of $579.54 million. Specifically:* 412 organizations requested…
OCC: Comptroller Visits New Mexico Pueblos to Discuss CRA and Bank Services
Comptroller of the Currency Joseph Otting today visited Native American pueblos in New Mexico as part of a nationwide effort to discuss modernizing Community Reinvestment Act (CRA) regulations and opportunities to bring more investment, lending, and services to underserved areas. While in northern New Mexico, the Comptroller and senior staff from the Office of the…
EDA: $2 Million Invested to Help Build a Tribally-Owned Manufacturing and Warehouse Facility in Michigan
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Sault Ste. Marie Tribe of Chippewa Indians in Sault Ste. Marie, Michigan, to help construct a new manufacturing and warehouse facility that will serve as the foundation for tribally-led regional business development….