Finance
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- By Tribal Business News Staff
- Finance
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California is home to 109 federally recognized tribes and one of the largest community development finance systems in the country. Yet despite that scale, only three Native Community Development Financial Institutions (CDFIs) currently operate in the state.
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- By Brian Edwards
- Finance
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U.S. Treasurer Brandon Beach traveled to the Blackfeet Indian Reservation last week for his first visit to a Montana reservation since taking office — a trip that offered a firsthand look at the opportunities and barriers shaping economic development in Indian Country.
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- By Brian Edwards
- Finance
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Redding Rancheria has secured $80 million in senior secured credit facilities from KeyBank to help finance construction of its planned $230 million Tribal Health Village in northern California, according to transaction details released by the lender.
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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
- Type: Default
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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.