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Finance

Kani
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CEDAR CITY, Utah — Tribally owned CBC Mortgage Agency has launched a new initiative aimed at helping more Native Americans in urban areas to become homeowners. 

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As the federal government’s Paycheck Protection Program rolled out its second round of loans this week, some Native financial institutions worry they may still be boxed out of their own market.

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WASHINGTON, D.C. — A Native community development financial institution executive was among 16 leaders to join in a discussion with President-elect Joe Biden’s incoming team at the Department of the Treasury.

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LONGMONT, Colo. — Twenty-five Native community development financial institutions (CDFIs) will split $1.25 million in grant funding aimed at providing help to Native businesses that have been negatively affected by the COVID-19 pandemic. 

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The Native CDFI Network has announced a partnership with the Intertribal Agriculture Council to help its member community development financial institutions more effectively provide capital to Native producers and suppliers.

Jackson Brossy
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In proposing changes to a key bank regulation, the Federal Reserve Board wants to improve the flow of capital to low- and moderate-income communities and Indian Country.

Victor Flores
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EDMOND, Okla. — A national accounting firm with a significant tribal practice has opened a new office in Oklahoma to better serve the state’s 38 American Indian tribes. 

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WASHINGTON, D.C. — A coalition of firms that help fund projects in Indian Country has honored a pair of Native community development financial institutions (CDFIs) for their work to assist Native-owned small businesses in weathering the pandemic. 

Jackson Brossy
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A group advocating for Native-led Community Development Financial Institutions will focus on building broader coalitions and using its collective voice to call for additional resources to be directed into Indian Country.

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LONGMONT, Colo. — A pair of Native-led organizations are partnering to offer financial support for Native community development financial institutions to help communities grappling with the fallout from the COVID-19 pandemic.