Finance
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- By Brian Edwards
- Finance
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The number of Native community development financial institutions has remained largely unchanged for more than a decade — even as demand for capital in Native communities continues to grow. That may be starting to change.
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- By Brian Edwards
- Finance
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The U.S. Department of the Treasury has initiated a review of certified Community Development Financial Institutions (CDFIs), including the roughly 65 Treasury-certified Native CDFIs operating nationwide, to identify potential violations of applicable law or program requirements.
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- By Brian Edwards
- Finance
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The Office of Management and Budget has cleared $289 million in fiscal year 2025 funding for the U.S. Treasury’s Community Development Financial Institutions Fund, including $28 million for the Native American CDFI Assistance Program, according to federal budget documents.
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- By Brian Edwards
- Finance
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The Morongo Band of Mission Indians has refinanced existing debt through a $350 million senior secured credit facility, consolidating prior obligations tied to its gaming and enterprise operations.
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- By Brian Edwards
- Finance
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A federal judge has awarded $1.27 million to a Native community development financial institution (CDFI) in a fraud case tied to a failed tribal energy venture, finding that key representations used to secure a $1.5 million loan were false.
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- By Brian Edwards
- Finance
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LAS VEGAS — One of the most practical impacts of new federal tax rules is showing up at the powwow.
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- By Brian Edwards
- Finance
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Large-scale economic development deals in Indian Country have typically been financed by banks, tax credit investors and outside institutions — with Native CDFIs often left on the sidelines. That may be starting to change.
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- By Tribal Business News Staff
- Finance
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Native American Bank N.A. has been approved as an eligible lender under the Alaska Industrial Development and Export Authority’s Loan Participation Program, expanding access to long-term financing for tribal and rural business projects across the state.
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- By Brian Edwards
- Finance
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Tribal governments are increasingly using a once-obscure federal leasing provision known as Section 105(l) to generate hundreds of millions of dollars for health care and infrastructure projects, according to a new analysis from the Center for Indian Country Development at the Federal Reserve Bank of Minneapolis.
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- By Tribal Business News Staff
- Finance
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Native American Bank has provided a long-term loan to support expansion and refinancing initiatives for Midi Enterprises, LLC, a federal contracting and economic development company owned by the Mandan, Hidatsa and Arikara Nation.