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Community Development Financial Institutions (CDFI) Fund 2011 South Dakota Indian Business Alliance PowerPoint Presentation
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Community Development Financial Institutions (CDFI) Fund 2011 South Dakota Indian Business Alliance - PowerPoint PPT Presentation


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Community Development Financial Institutions (CDFI) Fund 2011 South Dakota Indian Business Alliance . CDFI Programs. What is the CDFI Fund? How does the CDFI Fund achieve its mission? Native Initiatives (NACA) CDFI Program (FA and TA) Other CDFI Fund Programs What is a certified CDFI?

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Presentation Transcript
cdfi programs
CDFI Programs

What is the CDFI Fund?

How does the CDFI Fund achieve its mission?

  • Native Initiatives (NACA)
  • CDFI Program (FA and TA)
  • Other CDFI Fund Programs

What is a certified CDFI?

  • Banks, bank holding companies and thrifts
  • Credit unions
  • Loan Funds (non-profit and for-profit)
  • Venture Capital Funds
native initiatives introduction
Native Initiatives: Introduction

Native American CDFI Assistance Program (NACA):

  • Financial and Technical Assistance (FA/TA):
    • Maximum request amounts
      • $750,000 FA for certified or certifiable Native CDFIs
      • $150,000 TA for all applicants

Capacity Building

    • Portfolio Management
    • CDFI Capitalization
    • Financing Healthy Foods
    • Webinars
naca program fy 2011 highlights
NACA Program: FY 2011 Highlights

Most applications in a single funding round

  • 88 Applications from 24 states requesting:
    • $26.8 million for FA/TA
    • $8.2 million for TA only
    • $12 million funding available
  • Applications received from following groups:
    • 39 Certified or Certifiable
    • 26 Emerging
    • 23 Sponsoring Entities
native cdfis in south dakota
Native CDFIs in South Dakota
  • The Lakota Fund
    • Lent $4.7M in 25 years
      • 660 micro/small business loans, 1000 jobs
    • EITC, VITA, IDA services
    • Starting a Federal Credit Union
  • Four Bands Community Fund
    • Lent $2.3M in 10 years
      • Expanded 90 businesses, 150 jobs
    • 2400 people received TA and training
    • $250,000 in IDA matching funds
  • Lower Brule Community Development Enterprise
    • Received $18M in New Markets Tax Credit Allocation
    • Tribal economic development projects
    • Real estate and business financing
cdfi capacity building initiatives expanding native opportunities
Expand technical assistance and training opportunities for Native Community Development Financial Institutions (CDFIs) nationwide

Significantly boost the ability of Native CDFIs to deliver financial products and services to underserved communities

CDFI Capacity Building Initiatives: Expanding Native Opportunities
growing economies in indian country taking stock of progress and partnerships
Growing Economies in Indian Country: “Taking Stock of Progress and Partnerships"
  • Identify existing challenges to economic development in Indian Country;
  • Identify best practices and solutions that address challenges;
  • Discuss federal and regional economic development initiatives
  • Reach rural populations
  • Improve access to capital
  • Infrastructure to build institutions
  • Capacity Building Initiatives
growing economies in indian country taking stock of progress and partnerships10
WORKSHOP LOCATIONS AND DATES

June 28, 2011 Phoenix, AZ

Hyatt Regency Phoenix

July 19, 2011 San Diego, CA

San Diego Mission Valley Marriott

July 21, 2011 Portland, OR

Courtyard Hotel Portland Airport

August 30, 2011 Billings, MT

Crowne Plaza Hotel

September 20, 2011 Bangor, ME

Hilton Garden Inn Bangor

September 22, 2011 Lac du Flambeau, WI

Lake of the Torches Convention Center

PARTNERS

Treasury, CDFI Fund/Native Affairs

Federal Reserve System

SBA, Office of Native American Affairs

DHHS, Administration for Native Americans

DOI, Indian Energy and Economic Development

USDA, Rural Development

HUD, Office of Native American Programs

Department of Commerce, Office of the Secretary / Economic Development Administration

OCC

FDIC

Growing Economies in Indian Country: “Taking Stock of Progress and Partnerships"
contacting the fund
Contacting the Fund

Chris James

Associate Program Manager, Native Initiatives

jamesc@cdfi.treas.gov /202.622.8704

Brian Rozental

Portfolio Manager, CDFI and NACA

rozentalb@cdfi.treas.gov /202.622.8643

Compliance Support: cme@cdfi.treas.gov / 202.622.8226

Technical Support: ithelpdesk@cdfi.treas.gov/ 202.622.2455