Finance
- Details
- By Mark Fogarty
- Finance
- Type: Headshot
- Paywall Status: Protected
- Reader Survey Question: No Question
Native community development financial institutions have done a good job in bringing finance to Indian areas. Even so, they could do an even better job if private firms would invest in and collaborate with them, the federal government would allocate more funding to them, and banking regulators would give expanded Community Reinvestment Act credit to lenders working with Native CDFIs.
- Details
- By Joe Boomgaard
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
Ask Native business owners and their advisers about the largest challenges they face, and you’re bound to hear about the chronic lack of access to capital in Indian Country.
- Details
- By Mark Fogarty
- Finance
- Type: Headshot
- Paywall Status: Protected
- Reader Survey Question: No Question
Opinions on the value of philanthropy differed at a recent session on American Indian finance at a rural housing conference.
- Details
- By Joe Boomgaard
- Finance
- Type: Headshot
- Paywall Status: Protected
- Reader Survey Question: No Question
Establishing highly effective and well-funded Native community financial development institutions forms one of the critical building blocks in creating healthy and sustainable tribal economies.
That’s a message Patrice Kunesh has heard — and delivered — many times over her distinguished career in the public, private and philanthropic sectors.
- Details
- By Erin Tapahe
- Finance
- Type: Headshot
- Paywall Status: Protected
- Reader Survey Question: No Question
As the pandemic continues to disproportionately affect Native American communities, Bank of America saw a need to step up and provide critical resources.
- Details
- By Joe Boomgaard
- Finance
- Type: Headshot
- Paywall Status: Protected
- Reader Survey Question: No Question
To help meet the need for long-term “patient” capital in Indian Country, Native CDFI Network is establishing its own national intermediary fund to bring additional resources to Indigenous communities.
- Details
- By Joe Boomgaard
- Finance
- Type: Headshot
- Paywall Status: Protected
- Reader Survey Question: No Question
The Native CDFI Network wants to engage with the U.S. Department of the Treasury to discuss how the agency plans to deploy a potentially “transformational” $1.75 billion fund targeted at minority lending institutions.
- Details
- By Mark Fogarty
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
I can remember the exact instant I became aware that lenders did not make mortgages on American Indian reservations.
It was at a 1994 community development meeting in Honolulu co-hosted by the Federal Reserve and the Federal Home Loan Bank of Seattle. Deval Patrick, later governor of Massachusetts but then the U.S. Assistant Attorney General for civil rights, addressed the meeting and then opened the floor for questions. The first one came at him fast and hard.
- Details
- By Erin Tapahe
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
ATLANTA, Ga. — In launching the Peachtree Minority Venture Fund, students at Emory University want to address the wide disparity in the amount of venture capital invested in traditionally underrepresented minority groups.
- Details
- By Chez Oxendine
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
When Cherilyn and Mike Yazzie started Dilkon, Ariz.-based Coffee Pot Farms in 2018, they used their own savings rather than rely on lenders for the upfront costs of starting the agricultural business.